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  • #532,641
  • Aug 30, 2011 10:14am Aug 30, 2011 10:14am
I think the market won't go anywhere until FOMC tonight. Anyone has any clue what would FOMC tonight be?
  • #532,642
  • Aug 30, 2011 10:16am Aug 30, 2011 10:16am
Quoting Pipwanderer
short where fat panda
stop out
  • #532,643
  • Aug 30, 2011 10:17am Aug 30, 2011 10:17am
an observation on EU last week ...
Attached Image (click to enlarge)
Click to Enlarge Name: 20110830-1vib-145kb.jpg Size: 145 KB
born to speculate
  • #532,644
  • Aug 30, 2011 10:17am Aug 30, 2011 10:17am
Quoting bumapatria
KiwiTrada, so let's say USD is strong, oil would go up as well?

One thing i don't like about commodities (except gold ) is that they are affected heavily by fundamentals, and they have big spreads.
USD Oil corelation not consistant or relevant for me.
I normally use Oil & Kiwi as trigger drivers, normally not trade, most times they move 1st before co related prs move, this was just too juicy an opprtunity, it pop nearly 90 pts nothing else even flinch, it hit strong resist then kiwi and au do the same, when they all hit respective resist, and eu and brit prs still not move, I enter sell oil au, could not get entry kiwi, oil and au drop 70% of pop very quickly, I in and out

Interest was eu and brit prs join drop, I not get new entry, it is why I been wary eu around 44, however I now think bear flag is forming eu 30 min, once again if that fruit, others should follow, will be big support to break.

I watch all 6 charts at once, I get nice read on pa, if just by watch them 2,
agree decent moves are fundi driven, I more interested how they react around s&r Tl Fibs etc, movement size not important more reaction and candle patterns prs 1hr charts drivers 15 min charts so get 4 bars pattern for each 1hr pr bar
also agree spreads crazy but low yield, is ok except Brent Oil
I trade geppy and cable big spreads etc, however I can wait days for optimum entry, but still use tight stops, so big spread visa high yied I ok with.
trade safe bro

ps as type alarm, i just enter trade to of 30 min flag just tester 4448 sl 4455
If you are new to Forex? Say Goodbye to your account!!
  • #532,645
  • Aug 30, 2011 10:18am Aug 30, 2011 10:18am
Quoting Halifax
Ok call it what you want to call it, the level was resistance to me, as price approached from below, and was rejected by it, as it had been at that level earlier in the day. That's all there is to it.
ok....good resistance on 1 min...its not significant enough
  • #532,646
  • Aug 30, 2011 10:20am Aug 30, 2011 10:20am
4476,82 & 88 limits there at top before down play possible , hope already done top play . waiting down continue then if .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu45.gif Size: 7 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #532,647
  • Aug 30, 2011 10:21am Aug 30, 2011 10:21am
Quoting profx
long at 393, SL -20, TP +35
TP+ achieved.
  • #532,648
  • Aug 30, 2011 10:21am Aug 30, 2011 10:21am
Quoting fatpanda
stop out
You play with super short run?? like u trade based on 1 min chart and set 5-10 pip s/l ????
  • #532,649
  • Aug 30, 2011 10:22am Aug 30, 2011 10:22am
Quoting Yuchen
If it is a bear direction market, you could do that. But it more like a range trading market these days so it would be very dangerous for you to short it now. Especially 30min MACD is divergent to 30min MA and if 4440 breaks it will form a tempory bottom at 4384 for today.
I have enter 4448 sl 4458 is 10+ already I leaving stop above utl of flag
If you are new to Forex? Say Goodbye to your account!!
  • #532,650
  • Aug 30, 2011 10:25am Aug 30, 2011 10:25am
Quoting Yuchen
You play with super short run?? like u trade based on 1 min chart and set 5-10 pip s/l ????
yep
7pip SL
1 min chart
  • #532,651
  • Aug 30, 2011 10:26am Aug 30, 2011 10:26am
Quoting fatpanda
yep
7pip SL
1 min chart
whats your win % and net pips in a month?
The dreamers are the saviors of the world.
  • #532,652
  • Aug 30, 2011 10:28am Aug 30, 2011 10:28am
Quoting The Oracle
when will it gonna stop?
no one knows for sure,
but my technical suggests 1.4250-70
in coming days...
+few fundamentals,
FOCM minutes may help this move down,
as you can see Gu down
EU will follow soon its just a matter of time..

Choose.Wisely..
Don't compare your Trades with Others
  • #532,653
  • Aug 30, 2011 10:28am Aug 30, 2011 10:28am
Quoting KiwiTrada
I have enter 4448 sl 4458 is 10+ already I leaving stop above utl of flag
Ya as long as you have your plan and set up reasonable stop with low risk amount, everything is good.
btw, you trade base on 20 EMA ?
  • #532,654
  • Aug 30, 2011 10:28am Aug 30, 2011 10:28am
Quoting dvc11
Market Slow today too? Not much Volatility or Volume?
That's why I like morning trading.. Often mornings are trending, to eventually become ranging later that day.

http://img641.imageshack.us/img641/5113/49741204.gif
  • #532,655
  • Aug 30, 2011 10:31am Aug 30, 2011 10:31am
Quoting fatpanda
yep
7pip SL
1 min chart
omg.. dont you feel it is so tired and nervous when you trade like that? why dont you trade based on some littel bit longer time chart such as 15mins or at least 5 mins, lol.

by the way, if you actually trade like this super short run why do you always aim 200 or 300 profits like you short around 4400 last a few days and aim to 4150. or you just joke with your tp
  • #532,656
  • Aug 30, 2011 10:33am Aug 30, 2011 10:33am
Quoting AriX3
whats your win % and net pips in a month?
80%
R:R 1:1
900 net pips last month except some longer one which is nearly 1000 pip
  • #532,657
  • Aug 30, 2011 10:35am Aug 30, 2011 10:35am
Quoting sevda
usd has bad news,why is it going down?
it happen sometimes when Dollar have bad news Risk aversion take place and Dollar gets stronger..
Don't compare your Trades with Others
  • #532,658
  • Aug 30, 2011 10:36am Aug 30, 2011 10:36am
Quoting KiwiTrada
I have enter 4448 sl 4458 is 10+ already I leaving stop above utl of flag
Original post this chart about 14 hrs ago this is chart now
Not perfect flag and at strong support agree
But I enter here, another possibility why support 44 may break, if do cool if not is okay
I have cover for sl from trades today, is worth risk.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 31 8 2011 bflag 30 min.png Size: 35 KB
If you are new to Forex? Say Goodbye to your account!!
  • #532,659
  • Aug 30, 2011 10:37am Aug 30, 2011 10:37am
Can you guys believe it?

Every trade I take seems to reverse?

And when I try reverse way, it reverse again?

Seems like the market is making fun of me.

Anyone feels the same way before?

What do you guys advise I should do?
  • #532,660
  • Aug 30, 2011 10:42am Aug 30, 2011 10:42am
Quoting fatpanda
80%
R:R 1:1
900 net pips last month except some longer one which is nearly 1000 pip
thats pretty good!
The dreamers are the saviors of the world.
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