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EURUSD

  • #558,781
  • Nov 6, 2011 6:04pm Nov 6, 2011 6:04pm
Quoting tashkent
good trades
unfortunately i found myself on the opposite side...
Was going to exit at 1.3781 but decided not too, regretting it now.
  • #558,782
  • Nov 6, 2011 6:05pm Nov 6, 2011 6:05pm
There is a word of another Swiss National Bank intervention to pump the EUR against CHF all over Swiss press. It seems to be imminent.

Be aware that last time this happened EUR jumped against USD. That will not hold, of course, but might wipe out some SL's
  • #558,783
  • Nov 6, 2011 6:07pm Nov 6, 2011 6:07pm
will EURO reach 1.3900 before reversing downwards?

if the bearish flag theory holds, then euro should move up and then down.....

hasn't decided on what to do now... i've been losing like hell for the past week weeks... all because of this stupid asian hour.

maybe i should wait till.....the english lads wake up?
  • #558,784
  • Nov 6, 2011 6:08pm Nov 6, 2011 6:08pm
Quoting Kowalczyk
Was going to exit at 1.3781 but decided not too, regretting it now.
it is playing the uptrend tunnel zigzag, we might see higher high
As Above, So Below
  • #558,785
  • Nov 6, 2011 6:10pm Nov 6, 2011 6:10pm
Added to shorts at 1.3794
  • #558,786
  • Nov 6, 2011 6:11pm Nov 6, 2011 6:11pm
Quoting tashkent
it is playing the uptrend tunnel zigzag, we might see higher high
What time frame, I don't see it.
  • #558,787
  • Edited 6:30pm Nov 6, 2011 6:14pm | Edited 6:30pm
Quoting happytrader
i've been losing like hell for the past week weeks... all because of this stupid asian hour.

maybe i should wait till.....the english lads wake up?
nothing to do with Asian , it was due to Greece , they have released /leaked news during Asian session (i got burned too)
Mohan
  • #558,788
  • Nov 6, 2011 6:16pm Nov 6, 2011 6:16pm
30M and 15M
As Above, So Below
  • #558,789
  • Nov 6, 2011 6:16pm Nov 6, 2011 6:16pm
Not if 3876 was it. Can't know just yet ..Waiting with free trades at brake even for now to save capital..GL!

Quoting happytrader
will EURO reach 1.3900 before reversing downwards?

if the bearish flag theory holds, then euro should move up and then down.....

hasn't decided on what to do now... i've been losing like hell for the past week weeks... all because of this stupid asian hour.

maybe i should wait till.....the english lads wake up?
Attached Image (click to enlarge)
Click to Enlarge Name: eu4hr 116.gif Size: 34 KB
  • #558,790
  • Nov 6, 2011 6:23pm Nov 6, 2011 6:23pm
A positive Euro shud be seen in the asian session.... A gap up opening was not a surprise.... Rumours of Euro buying by SNB cud pump it up higher.... Cud see long built ups...but too early to predict anything....
  • #558,791
  • Nov 6, 2011 6:23pm Nov 6, 2011 6:23pm
i am outta here for now... after losing 91% of my capital which is all my savings.

i think i'll take it real slow from here.....trading 4H or 1 H tf for clues to enter...

when i first started i look at 1 M tf...and traded like hell, completely ignored any tf higher than 5 mins....

i still feel horrible till today.... why did i do sth so stupid...
  • #558,792
  • Edited 6:48pm Nov 6, 2011 6:25pm | Edited 6:48pm
Quoting tashkent
30M and 15M
Gotcha. I see it but I do not the that it will be respected. Time will tell. If it is broken thought, we should a fall rapidly. And if it is not, we should see a rapid rise.

The trend line was broken. What usually happens is it goes back before making its next leg down. If we start falling towards the trend line again, we should easily pass it.
  • #558,793
  • Nov 6, 2011 6:33pm Nov 6, 2011 6:33pm
Your in the company of many that have been there, done that. Don't be to hard on yourself, the account loss is punishment enough, regroup and demo for a bit to see where you went wrong, look for clear setups, only the highest probability trades. I have blown my fair share of accounts over 3 years of trading, but I kick butt most of the time now. Still learning myself, always learning and growing. After thousands of hours in learning and trading it starts to come easier at least for me. A big education cost for me but considering the outcome, well worth it. Hang in there, only those that don't get up fail.

Quoting happytrader
i am outta here for now... after losing 91% of my capital which is all my savings.

i think i'll take it real slow from here.....trading 4H or 1 H tf for clues to enter...

when i first started i look at 1 M tf...and traded like hell, completely ignored any tf higher than 5 mins....

i still feel horrible till today.... why did i do sth so stupid...
It's easy to be humbled but hard to be humble.
  • #558,794
  • Nov 6, 2011 6:34pm Nov 6, 2011 6:34pm
Quoting happytrader
i am outta here for now... after losing 91% of my capital which is all my savings.

i think i'll take it real slow from here.....trading 4H or 1 H tf for clues to enter...

when i first started i look at 1 M tf...and traded like hell, completely ignored any tf higher than 5 mins....

i still feel horrible till today.... why did i do sth so stupid...
That happened to me. Keep watching the charts and become an expert about patterns. They happened before and will keep on happening. Keep an open mind. If you day trade, ignore the higher tp (contrary to popular belief, looking at higher tf sets a bias. When I day trade, I do not care if the 4 hr chart is extremely bullish. I just care what will happen in the next 1 hour/15 minutes.) On the other hand, if you are trading higher time frames, ignore what is happening intraday. That is the way I see it and I have come so far. Also, start at the 5m and 15m charts if you want to trade intraday. First focus on PA (dojo's only) and start memorizing patterns. Soon you will become profitable. Go on the demo is you think you need too.
  • #558,795
  • Nov 6, 2011 6:34pm Nov 6, 2011 6:34pm
Quoting fxrising
Your in the company of many that have been there, done that. Don't be to hard on yourself, the account loss is punishment enough, regroup and demo for a bit to see where you went wrong, look for clear setups, only the highest probability trades. I have blown my fair share of accounts over 3 years of trading, but I kick butt most of the time now. Still learning myself, always learning and growing. After thousands of hours in learning and trading it starts to come easier at least for me. A big education cost for me but considering the outcome,...
well said
As Above, So Below
  • #558,796
  • Nov 6, 2011 6:36pm Nov 6, 2011 6:36pm
on the Daily tf, we see price keep hovering 38.2. As so, I suggest we placing Pending Sell at here...while cloud n future cloud still bearish. SL should be at Tenkan Sen or Senkou B.Chinkou seems giving large space for strong bearsh. only above 14100 (200sma) will change this bearsh direction....
  • #558,797
  • Nov 6, 2011 6:36pm Nov 6, 2011 6:36pm
Quoting Chillypiper
Hey bro, watching like a hawk!

Short from 4150 and good scalp on gap and maybe more, if bear flag valid here and Aussie Dbl top short.....

Good luck
Yes that daily utl has much repsect, looking left 2nd to last rejection 26th July was huge battle first, so whoever is defending, if lose she migth be skyrocket, becareful, I have pendings above, but still try defend sell, resist is good until it isnt
She was and still is my trigger for EU, in same process

EU gap was nice especially when mofu is resist, AU I wary because, market need safe haven, resist 0427 still showing power, is possible right shoulder daily, very ugly person tho, I will reassess if can get below mofu 0360 and hold, am being with patient her, once again expecting london for direction
Trade safe bro
If you are new to Forex? Say Goodbye to your account!!
  • #558,798
  • Nov 6, 2011 6:37pm Nov 6, 2011 6:37pm
..Well put sir!

Quoting fxrising
Your in the company of many that have been there, done that. Don't be to hard on yourself, the account loss is punishment enough, regroup and demo for a bit to see where you went wrong, look for clear setups, only the highest probability trades. I have blown my fair share of accounts over 3 years of trading, but I kick butt most of the time now. Still learning myself, always learning and growing. After thousands of hours in learning and trading it starts to come easier at least for me. A big education cost for me but...
  • #558,799
  • Nov 6, 2011 6:52pm Nov 6, 2011 6:52pm
Quoting fxrising
Your in the company of many that have been there, done that. Don't be to hard on yourself, the account loss is punishment enough, regroup and demo for a bit to see where you went wrong, look for clear setups, only the highest probability trades. I have blown my fair share of accounts over 3 years of trading, but I kick butt most of the time now. Still learning myself, always learning and growing. After thousands of hours in learning and trading it starts to come easier at least for me. A big education cost for me but considering the outcome,...
thanks! that's very encouraging. i guess, i need to take it easy now. slowly recouping my losses - maybe will take 10 years. lol. but i should be positive now.
  • #558,800
  • Nov 6, 2011 6:53pm Nov 6, 2011 6:53pm
Quoting Kowalczyk
That happened to me. Keep watching the charts and become an expert about patterns. They happened before and will keep on happening. Keep an open mind. If you day trade, ignore the higher tp (contrary to popular belief, looking at higher tf sets a bias. When I day trade, I do not care if the 4 hr chart is extremely bullish. I just care what will happen in the next 1 hour/15 minutes.) On the other hand, if you are trading higher time frames, ignore what is happening intraday. That is the way I see it and I have come so far. Also, start at...
thanks for the kind advice. i find your advice really useful. thanks so much. hopefully, i can be as pro as you guys one day.
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