Keep It Simple Stupid
- #555,601
- Oct 28, 2011 1:42am Oct 28, 2011 1:42am
- | Joined Jun 2008 | Status: Learning Properly This Time! | 1,212 Posts
- #555,604
- Oct 28, 2011 1:56am Oct 28, 2011 1:56am
- | Joined Jan 2010 | Status: The Losses Wizard | 503 Posts
Suddenly everything has changed in a day. everybody is now bullish. Forex analysis has taken a u-turn
I operate with clear definite rules, if I break them I lose BIG!
- #555,605
- Oct 28, 2011 2:02am Oct 28, 2011 2:02am
Yup and you know what that means when everyone in this thread is bullish? ... Sell! Sell! Sell!
http://www.myfxbook.com/community/outlook
http://fxtrade.oanda.com/
- #555,607
- Oct 28, 2011 2:03am Oct 28, 2011 2:03am
- | Joined May 2010 | Status: Trader | 1,078 Posts
Long 1.4179 TP 1.4250
Comon eiro. Best currency in the world
Comon eiro. Best currency in the world
Once scalper always scalper 
- #555,608
- Oct 28, 2011 2:04am Oct 28, 2011 2:04am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Any idea how low it might go today?
EU is snaking around 4180
AU is tapping sept open and minor psyc 1 0700
Cable is tapping utl 4hr falling wedge
Geppy is tapping 122 31 resist with another resist 21 pip higher
Brent Oil was reject mofu 112 69 is now under minor resist 112 18
Kiwi has reject resist 8240 with mofu just above 8271
Swissy (contra ladies) has bounced support 8578 with mofu just below 8545
US Oil is in very tight squeeze tl,s and S&R
My guess is if any sort of rejection of resist across the board players may start take profit, which could snowball panic etc, ride down will be nothing like ride up
if resist start breaking, we movre up to next resist
me scalping continuesEU trade will move sl to BE 4195 if pa hold & close below 4180, will be free trade, and look for next entry using 4180 as resist sl just above
These girls could go either way, need be caution, not follow me I very agressive when try build
Trade safe bro
If you are new to Forex? Say Goodbye to your account!!
since morning keeping short nothing change....will hold position.... i remember friday is hell day....
- #555,611
- Oct 28, 2011 2:23am Oct 28, 2011 2:23am
HI,
My ultimate thought is that it is Friday, end of the week, and thus the pair needs to test the real weekly resistance by end day:
However, same as a day before yesterday, PA may first make a fast and strong fake drop down towards Fib50%, which will most likely will be rejected by EMA30 or EMA60 on H1 chart (EMA12 is currently holding the price quite successfully)
There are no real bears and no real bulls right now. Bears may take place if the daily chart forms some sort of candle pattern (pinbar, double top..etc), and real bulls may run on a confirmed break of the weekly resistance.
I prefer to stay out for no...too much risk either way.
My ultimate thought is that it is Friday, end of the week, and thus the pair needs to test the real weekly resistance by end day:
However, same as a day before yesterday, PA may first make a fast and strong fake drop down towards Fib50%, which will most likely will be rejected by EMA30 or EMA60 on H1 chart (EMA12 is currently holding the price quite successfully)
There are no real bears and no real bulls right now. Bears may take place if the daily chart forms some sort of candle pattern (pinbar, double top..etc), and real bulls may run on a confirmed break of the weekly resistance.
I prefer to stay out for no...too much risk either way.
or 1.413 area
- #555,613
- Oct 28, 2011 2:28am Oct 28, 2011 2:28am
- | Joined Jun 2008 | Status: Learning Properly This Time! | 1,212 Posts
Keep It Simple Stupid
- #555,614
- Oct 28, 2011 2:31am Oct 28, 2011 2:31am
HI,
My ultimate thought is that it is Friday, end of the week, and thus the pair needs to test the real weekly resistance by end day:
Attachment
However, same as a day before yesterday, PA may first make a fast and strong fake drop down towards Fib50%, which will most likely will be rejected by EMA30 or EMA60 on H1 chart (EMA12 is currently holding the price quite successfully)
Attachment
There are no real bears and no real bulls right now. Bears may take place if the daily chart forms some sort of candle pattern...
be patient, self-belief and discipline... stay focus...
trade safe..
For everyone,
Got busted out and margin called losing 3k in 3 days due to the spike up ... I learnt my lesson about risk management, position sizing and to never be greedy or unable to cut and take my losses anymore... In the end, i was up 82% in 3 weeks but left with 0% after 3 days.... Sustainability and trading is not a prediction but rather, a discipline when to enter and exit the market.
I will be back.. back to the drawing block on demos and learning coding and optimization .. and saving up another $500 to trade a small amount once again. For now, i will be on the demo and will still continue to post my views for anyone who still cares to take a look ...
Trade safe, stay safe and remember, live to fight another day ..
Got busted out and margin called losing 3k in 3 days due to the spike up ... I learnt my lesson about risk management, position sizing and to never be greedy or unable to cut and take my losses anymore... In the end, i was up 82% in 3 weeks but left with 0% after 3 days.... Sustainability and trading is not a prediction but rather, a discipline when to enter and exit the market.
I will be back.. back to the drawing block on demos and learning coding and optimization .. and saving up another $500 to trade a small amount once again. For now, i will be on the demo and will still continue to post my views for anyone who still cares to take a look ...
Trade safe, stay safe and remember, live to fight another day ..
There is no royal road to anything.
