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EURUSD

  • #535,461
  • Sep 7, 2011 10:15am Sep 7, 2011 10:15am
Did I miss some news??? What just happened
  • #535,462
  • Sep 7, 2011 10:16am Sep 7, 2011 10:16am
Quoting micho
after that huge candle yesterday from SNB, i will never play without stop loss again lol... amazing how they can manipulate the market even against the trend....... just wow
i watched it grow in front of my eyes and go against me... thank god i was able to close the trade midway after the first retrace hahaha
on eur/usd its not happen. only if u trade against the trend it can happen. but if you now your system you can manage all your risk without stop loss )
looking for investors . pm me
  • #535,463
  • Sep 7, 2011 10:17am Sep 7, 2011 10:17am
WTF is this move all about?
  • #535,464
  • Sep 7, 2011 10:18am Sep 7, 2011 10:18am
Quoting key4success
3090 my TP
i closed my trade 4036 because i see a nice resistance. now i am long 4038 TP 4122
looking for investors . pm me
  • #535,465
  • Sep 7, 2011 10:20am Sep 7, 2011 10:20am
Is anyone actually trading live in this climate and succeeding? Perhaps it's just my trading strategy, but the last 2-3 weeks have scared me away from doing trading (I just stare at the screen). Is it really just me or is this an extremely difficult time to be trading?
  • #535,466
  • Sep 7, 2011 10:20am Sep 7, 2011 10:20am
Quoting kbmoonshinex
on eur/usd its not happen. only if u trade against the trend it can happen. but if you now your system you can manage all your risk without stop loss )
trust me after that huge candle yesterday i lost -500 in one trend.... i got them back now but i had to nail around 10 trades with stop loss set to get them back... i cant lose 500 in one trend just because they want to manipulate the market..... i had 6 stop losses hit for around -50 but then 10 winners for +550 or so
When life gives you lemons, make lemonade
  • #535,467
  • Sep 7, 2011 10:24am Sep 7, 2011 10:24am
Quoting micho
why buy and go against the trend? unless i am desperately bored i wouldn't do it cause reward to risk ratio is not good when i play against the trend... i would say eurusd to 1.411x first then down to 1.398x... but that doesnt mean go long...
yeah micho, I see your point. But you have to remember trends change. No trend lasts forever. Nobody knows when and how but you just have to respect your strat. Look below...check out that bull candle. If the bulls can close the hour above that white line, I might long to 4188. If they can't, I believe the market's still got no direction, so I wait.
Attached Image (click to enlarge)
Click to Enlarge Name: sep 7-4.gif Size: 15 KB
Don't just beat the markets, leave bruises.
  • #535,468
  • Sep 7, 2011 10:25am Sep 7, 2011 10:25am
Quoting kentashiburo
WTF is this move all about?
Have your pick!
Attached Image (click to enlarge)
Click to Enlarge Name: news.PNG Size: 47 KB
  • #535,469
  • Sep 7, 2011 10:28am Sep 7, 2011 10:28am
Quoting mainlinefx
I make my trades based on all time frames. I used higher time frames to find trends/channels and lower time frames to find entry points. Just becuase your looking at a different time frame doesn't mean the trend changes.
Long term (3+ year) were on a down trend, over 15 months weve been on an up trend, over summer its been down then up curve trend (whatever?!?, but its been seen before preceding major turns). This week were on a downer... etc

Most of the time you can work in one or the other, however this week and next week are really interesting as you have at least two conflicting long term trends/waves (even 3 depending on your definition of what the summer action was) coming into play at turning points for some and not for others and I can see the effects of this even down at M15 with he complex multiple channels that are in effect and chopping each other up.

I suspect the 3 year wave pattern will win, and I think were seeing the start of it allready during last week and the 'apparent uncertainty' of this week.

The highs of the 3 year down are about to cross the lows of the last 15 month up, orphaning the entire band of the summer, so I see a big turn coming when this lot sorts itself out end of the week or beginning of next.

Im sure most people will put it down to a failure of the greek bond rollover that due friday. Looks to me at this point the market made its mind up 3+ years ago...

Hence pointed and complex question
  • #535,470
  • Sep 7, 2011 10:28am Sep 7, 2011 10:28am
Quoting micho
why buy and go against the trend? unless i am desperately bored i wouldn't do it cause reward to risk ratio is not good when i play against the trend... i would say eurusd to 1.411x first then down to 1.398x... but that doesnt mean go long...
4070-80 had rejected EU long a few times and it seems EU is still trying to break that resistence now. If it actually reach to 1.4110 that probably mean EU successfully break the 4070-80 resistence and it could become a considerable support before go back to 3980, as well as the 4020-30 region which just supported EU's furthur down back today.
  • #535,471
  • Sep 7, 2011 10:28am Sep 7, 2011 10:28am
guys I think we have a 1-2-3 bottom and after price break above 1.4105 we have clear signal, what you think?
  • #535,472
  • Sep 7, 2011 10:30am Sep 7, 2011 10:30am
Quoting kentashiburo
Have your pick!
hey Kenyashiburo
what is the source of this news feed ( not reuters thompson i hope!)

it looks very complete. thanks afos
If ask a silly question.. forgive me!i'm just confused again!
  • #535,473
  • Sep 7, 2011 10:31am Sep 7, 2011 10:31am
boring this pair today.
been trading DOW & DAX better movement.
rat
  • #535,474
  • Sep 7, 2011 10:34am Sep 7, 2011 10:34am
i closed my eurjpy short for -2... might short it later
When life gives you lemons, make lemonade
  • #535,475
  • Sep 7, 2011 10:35am Sep 7, 2011 10:35am
Quoting ptownboi
Is anyone actually trading live in this climate and succeeding? Perhaps it's just my trading strategy, but the last 2-3 weeks have scared me away from doing trading (I just stare at the screen). Is it really just me or is this an extremely difficult time to be trading?
Well, I do not think it's you or your strategy. It's just that the Euro has been a very naughty boy lately. Give it sometime...and your strategy will start working back.
Don't just beat the markets, leave bruises.
  • #535,476
  • Sep 7, 2011 10:39am Sep 7, 2011 10:39am
Quoting micho
i closed my eurjpy short for -2... might short it later
its good that you in profit in sum
looking for investors . pm me
  • #535,477
  • Sep 7, 2011 10:39am Sep 7, 2011 10:39am
i go long eurjpy stop loss around 108.67 target 108.98
When life gives you lemons, make lemonade
  • #535,478
  • Sep 7, 2011 10:40am Sep 7, 2011 10:40am
Quoting afos
hey Kenyashiburo
what is the source of this news feed ( not reuters thompson i hope!)

it looks very complete. thanks afos

Dow Jones Newswires
  • #535,479
  • Sep 7, 2011 10:42am Sep 7, 2011 10:42am
Quoting bumapatria
what i find quite hard to do is apply the system and strategy i use on a demo ac and apply it on a live account. I lost 30% of live account and i learnt so many things i skipped over in demo. I need to persist....
Let me tell u part of my trading life
In my early days of trading i thought i know a lot and guess what i lost 75% of my account but i I simply told my self I have no other way Than i sucess in this business and review what i did wrong guess what
i still trade same account after 4 years i got back all i lost and i double my account
B patience and learn for ur mistake and remember u have no other way than success

GL
  • #535,480
  • Sep 7, 2011 10:43am Sep 7, 2011 10:43am
Quoting micho
i go long eurjpy stop loss around 108.67 target 108.98
Why?
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