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EURUSD

  • #566,321
  • Nov 27, 2011 10:04am Nov 27, 2011 10:04am
Quoting phxmike
you are not so wise...and it doesnt matter who i am
Now he talks like fxbabie.
  • #566,322
  • Nov 27, 2011 10:07am Nov 27, 2011 10:07am
Quoting jayjb
asian movies can be easily found on verycd and funshion
can we download from there?
If there was easy money lying around,no one would be forcing it into your
  • #566,323
  • Nov 27, 2011 10:10am Nov 27, 2011 10:10am
I would give caution that the Oanda long/short ratio is mapping longs at this juncture.
Taigen Profit This Month: na
  • #566,324
  • Nov 27, 2011 10:15am Nov 27, 2011 10:15am
i am short at 3299 from last week (only one lot) with a stop loss at 3298.

i agree with you; i will short again around 3255-3285 with a short stop. i am concerned it could be a sideways/up week for the euro for a few reason:
1) euro is is really bad shape and the bankers want it to be fixed, therefore they may buy euro
2) 31?? and 3000 are strong support area (if it breaks 3000 it will be 2500 very fast; however, from my experience you are going to get a sideways channel of about 100 pips with at 2 bounces; the third attempt to break the low is normally the deciding factory (retracement or breakdown)
3) holiday season and wallstreet normally does good the next six weeks; therefore, that good news could cause the euro to get a little bit of buying by delusional people who think the euro problem can be fixed

bottom line: the euro (at best) will be parity with the usd this time next year; however thats over 30 cents; lets not rush it; personally, i hope the euro trade up till about 3800 thru the end of this year; thats just more profit when reality hits in january!

dont rush the trade and short heavy in a support area unless you have at 300 pip stop, you could lose a lot...

sell on rallies of of the 4 hour chart... so easy a caveman could do it!

for those day traders (i have a full time job; dont have access to my trading platform sometime for 12 hours) have fun with the intraday retracements; however remember:

it is better to pick money from the money tree (sell on rallies in a bear market or buy on dips in a bull market) then to try to pick up pennies of a railroad track (buying on dips in a bear market or selling on rallies in a bull market)

just my 2 cents :-)




Quoting jayjb
Attachment

Will enter a short at 1.3258 targetting last month's low!
  • #566,325
  • Nov 27, 2011 10:16am Nov 27, 2011 10:16am
Quoting pkimnyc
Now he talks like fxbabie.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #566,326
  • Nov 27, 2011 10:26am Nov 27, 2011 10:26am
Quoting mpurdy1973
i am short at 3299 from last week (only one lot) with a stop loss at 3298.

i agree with you; i will short again around 3255-3285 with a short stop. i am concerned it could be a sideways/up week for the euro for a few reason:
1) euro is is really bad shape and the bankers want it to be fixed, therefore they may buy euro
2) 31?? and 3000 are strong support area (if it breaks 3000 it will be 2500 very fast; however, from my experience you are going to get a sideways channel of about 100 pips with at 2 bounces; the third attempt to break the low...
It seems the only time I lose money is on a stop loss only to see the market turn in my direction again. I suppose 300 SL is safe but stopped using them about 4 weeks ago until it warrants it (long term consolidation or something like that) but I don't have a job so my situation is a little different. I use alarms a lot as well.

But other than that, I agree with your strategy.
Taigen Profit This Month: na
  • #566,327
  • Nov 27, 2011 10:43am Nov 27, 2011 10:43am
if you dont over leverage and you got the overall trend correct, then not using a stop will make you more money; however, if there are certain infrequent events that if you dont have a stop loss you could loss most if not all of your account. if you are only trading a few thousand dollar account (a hobby) not a big deal; however if you have 10's of thousands of dollars in a real account; that would wipe you out.

example of such of infrequent event:
when the swiss pegged their currency; the currency immediatly went down about 1000 pips; if you are wrong on that trade that would have been a huge loss. i think if you dont want to have a stop; put one in (even if it is 500 pips) as an insurance that if something weird happens you can still trade the next day. if the market move 300-500 pip against you; that was a bad entry anyway.

Quoting Taigen
It seems the only time I lose money is on a stop loss only to see the market turn in my direction again. I suppose 300 SL is safe but stopped using them about 4 weeks ago until it warrants it (long term consolidation or something like that) but I don't have a job so my situation is a little different. I use alarms a lot as well.

But other than that, I agree with your strategy.
  • #566,328
  • Nov 27, 2011 10:50am Nov 27, 2011 10:50am
Quoting pkimnyc
Now he talks like fxbabie.
lol. fxbabie must have had an impact on you ... were you in love ???
  • #566,329
  • Nov 27, 2011 10:54am Nov 27, 2011 10:54am
I don't get this forum sometimes. Sometimes the posts turn into a pissing contest and then other times, these guys start talking about their favorite barby outfit. Too many 'girly' men around.

But there are times some will actually talk about currency trading.
Taigen Profit This Month: na
  • #566,330
  • Nov 27, 2011 10:55am Nov 27, 2011 10:55am
I know there is a strong downtrend, but does it not seem to be hugely oversold at least on Hourly and 4 hourly so can anyone else see formation of a bear flag but more of a slow consolidation rise through to 1.34 or even 1.35. there has to be a retracement at some point and now would seem an ok place.

I still think that we'll have a yearly doji with it closing at 1.33 for the year.
  • #566,331
  • Nov 27, 2011 10:59am Nov 27, 2011 10:59am
finance, investment documentaries you can enjoy

http://www.financedocumentaries.com/...mentaries.html
  • #566,332
  • Nov 27, 2011 11:02am Nov 27, 2011 11:02am
Quoting Pip and Run
lol. fxbabie must have had an impact on you ... were you in love ???
Of course. He was (still is) my favorite toy.
Babie.... You don't have to act like youre not buddy. We all know who you are at this point.
  • #566,333
  • Nov 27, 2011 11:04am Nov 27, 2011 11:04am
Quoting Taigen
I don't get this forum sometimes. Sometimes the posts turn into a pissing contest and then other times, these guys start talking about their favorite barby outfit. Too many 'girly' men around.

But there are times some will actually talk about currency trading.
I, for one, am only here for entertainment.
  • #566,334
  • Nov 27, 2011 11:09am Nov 27, 2011 11:09am
Quoting pkimnyc
I, for one, am only here for entertainment.
Here you go.
Attached Image
  • #566,335
  • Nov 27, 2011 11:10am Nov 27, 2011 11:10am
Quoting MitchWorse
Here you go.
Thank you. Upgraded version, I see....
  • #566,336
  • Nov 27, 2011 11:13am Nov 27, 2011 11:13am
this forum is really loosing direction ( not that it had any..) . lol....all we talk about is fx babie ..
  • #566,337
  • Nov 27, 2011 11:16am Nov 27, 2011 11:16am
Guess EUR will go northwards tomorrorw (or atleast try to)

http://www.bloomberg.com/news/2011-1...ampa-says.html

TASE rose 4% (from about -2% to 2% in about 1 hour) on that news.
http://www.tase.co.il/TASEEng/
  • #566,338
  • Nov 27, 2011 11:17am Nov 27, 2011 11:17am
I think it is due time for a retracement. I think it will jump up a percent or 2 on Monday, and Tuesday.
  • #566,339
  • Nov 27, 2011 11:18am Nov 27, 2011 11:18am
Quoting Pip and Run
this forum is really loosing direction ( not that it had any..) . lol....all we talk about is fx babie ..
Aren't you glad? You stick at'd, ill take care you pal, unless somebody bans you again.
  • #566,340
  • Nov 27, 2011 11:47am Nov 27, 2011 11:47am
Quoting JTattheRanch
I think it is due time for a retracement. I think it will jump up a percent or 2 on Monday, and Tuesday.
i thought we have already retraced ?
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