EURUSD

Have a look this pic:
http://www.guardian.co.uk/politics/g...ture=381395334

A cold relation between them. It seems France not happy with US move.
US responsible for euro dumping? may be

Went long at 1.3825..... lets see...

God is good.

This recent consolidation has absolutely screwed me the past few days!!!! ARRRRGHHHHH

winning the lottery, quitting your day job to trade forex full time, and sex.

( just to list a few...)

And this is a perfect example. Some people win things all the time, some people quit jobs all the time, and some people have sex all the time, so a +100 pip trade is nothing to brag about. ^_^

~ but still envy worthy ~

Great chance we will break to the upside later as long as we do not break the 1.3778 area. But we might go lower first.

But for some reason, my system shows, breaking that high of 1.3820 shows the markets intention to go up.... but looks like I might be wrong.... lets see

yes

1,3830 still in play.

Aj little short for me there.

Yes, when it broke the descending trend line it signaled that it wants to go up. But we still have not touch today's pivot point, and it looks like the usd index wants to test 77.00 (both should be around the same area).

how do you read the usd index.... is it possible on mt4... forgive my ignorance

http://www.fxstreet.com/rates-charts/usdollar-index/

Update...

thanks buddy

That attempt to break 1.3835 was pathetic. I am not so sure that we will be going any higher. I guess we will have to wait for a retest (if we get one). This looks like a temporary top for now. I'm neutral until we either bounce of 1.3778 or break 1.3835. If we break 1.3778, I am short. I home I am wrong and we shoot up.

Just update usdjpy & usdchf if any further intervention /risk aversion due again . perhaps yes or at least a try again . so usdx up & this time should be above weekly sr , not seeing the chart though , eu, gu,gold down may be if ok .

waiting eu go up 3830 to see if short ok .
fontu

Trade higher TFs

I use to trade hourly and glue myself to the screen. Took a step back after getting margin called 3 times. Went back to demo trading and now I only look at minimally H4

On my way to recouping all my losses, average win rate is 60% but i have a 1:2 risk: reward, SL usually 50 to 70 pips. 3% risk exposure per trade.

I trade any pair that gives me signals.

SlyQsx http://www.forexfactory.com/images/s...ser_online.gif
Lemon Man

SlyQsz,

iv is about to start. This is what I see from your chart. Is that right?

I can't see any reason as of yet to short, call it wishful thinking )

I am for the time being sticking to my long..... lets see...

the only worry is the adx below 22 which might not allow big moves though

Good morning,

since it's boring right now I will make a post.

EURUSD Daily Chart



Daily Eurusd is quite simple and nothing too complicated there, as it's very well clear we had a good rally that formed a good uptrend from 6/10 to 5/11 and after that things changed a bit, from higher highs and higher lows to lower highs and lower lows, YES, trend changed from an uptrend to downtrend and we are now playing the downtrend which is remain intact until the previous up TL is broken and that's about 1.44-1.45, so for me, and imho, any rally here is nothing but another opportunitie to short more, and awsome rally to 1.435-144 will lead to LT short position which can stand for a while.. trendlines are clear and strong as aslong as the fib levels which are meant to play on every touch for at least 100 pips moves down. Check chart.

Hourly Chart

we've talked a bit about the LT start and now let's zoom in and see what the hourly chart is doing.



I usually trade the hourly chart for 20-30 pips TP, nothing fancy.. and I would go long or short as the chart tells, regardless that I am in a bear mood.. what I care most about the hourly chart is the quick rally and touching the trendlines, that's where we almost everytime get a quick pullback of 20-30 pips if the lines are drawn well.. anyhow in the hourly we're in a downtrend with a minor pullback, nothing fancy i'd long or short at any touch of major S/R lines.. won't trade in the shade area.. not my thing.. I wish prices go as low as 1.3680 or 1.3925-1.3950 where some safe opportunites can show up for each 20-30 pips..

EURUSD M30



for those scalpers trading the M30, there's an intersting bear flag to keep an eye on.. you know the rules of that.. trade safe and good luck!

Did anyone else get punished in these two major reversals this week? The reversal from last Thursday's high, then the bottom two days ago?

I hate the Euro when it consolidates....