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  • #566,901
  • Nov 28, 2011 12:53pm Nov 28, 2011 12:53pm
Quoting Tellerton
Ahhh...! Keep those E/U longs commin' people.

It would nice if you put the next batch of stops around 3288; and again, the bank thanks you SO much!

Have you seen what E/U's been doing here in the last half hour...

Fellow traders, we implore you: GO LONG, GO LONG!

(Oh, and stops at 3288 please)
  • #566,902
  • Nov 28, 2011 12:54pm Nov 28, 2011 12:54pm
Go Long? Why?
  • #566,903
  • Nov 28, 2011 12:56pm Nov 28, 2011 12:56pm
T=3280.
  • #566,904
  • Nov 28, 2011 12:57pm Nov 28, 2011 12:57pm
EURAUD is an amazing pair for swing trades, way better than EURUSD, Just look at the last few day swings, perfect technical set-up and very high R:R.

At least with this pair they both get affected by bad EZ data (risk-off etc) so no sudden news spikes (or at least more controllable).

But as this is EURUSD thread, I'm hoping to see a negative print for NFP this friday, would be so funny seeing the MASSIVE flight to safety and USDX nice spike. EURUSD will probably make new lows and test yearly lows at 1.29XX. would be quite fun to trade.
  • #566,905
  • Nov 28, 2011 1:00pm Nov 28, 2011 1:00pm
Quoting Pip and Run
long looking very nice in this area !!!! i think euro will rally this week....
I took a short here. Price dropped 30 pips since that post.

Quoting Incrediblle
guys u can short now
A very easy 30 pips. It can't get any easier than this. Thank you FX Babie, .
  • #566,906
  • Nov 28, 2011 1:02pm Nov 28, 2011 1:02pm
Quoting Inphi
Go Long? Why?

Simple. If you went short, you'd have to put your stops above the current price range. If you did that, we wouldn't be able to take them out on the way down.

That's why we'd appreciate your going long.
  • #566,907
  • Nov 28, 2011 1:03pm Nov 28, 2011 1:03pm
And btw, most retail traders will fade the price movement anyway, so you'll have lots of company (if you do choose to go long)
  • #566,908
  • Nov 28, 2011 1:04pm Nov 28, 2011 1:04pm
maybe it's the pre-speculation, from what i hear that it's gonna be 500 Bln, not $600 bln bail out... so maybe some are letting go of their euro bonds?

mind you, not much of a drop of 80 pips. what does it take these days to make the market move when X amount of bonds are sold?

any idea anyone on previous events?

Quoting Tellerton
If we DID have a consensus that the EUR is toast (we definitely don't) E/U would probably have dived a ways and then stopped COLD.
  • #566,909
  • Nov 28, 2011 1:09pm Nov 28, 2011 1:09pm
No thanks. I'd rather go with the chatter at the Interbank.
  • #566,910
  • Edited 1:23pm Nov 28, 2011 1:12pm | Edited 1:23pm
Quoting Inphi
No thanks. I'd rather go with the chatter at the Interbank.

Edit: dear Inphi, when I say "we", I don't mean we at FF or this thread! I was being sarcastic in case you misunderstood! I'm sure the chatter here is just as good as the chatter at Interbank (wherever that is)

I just like pretending to be a bank. It seems to keep me attuned to what's happening - improves my trading.
  • #566,911
  • Nov 28, 2011 1:18pm Nov 28, 2011 1:18pm
EU may continue its down to 3150, however, 4H chart also showed reversal risk to the way back 3800. It tested 3395 and failed to form a tempory double top today, more resistence are at the 3411 (last week's resistence after 3422 broken) & 3422 (last week's strong support). I believe any shorts should have their last s/l around 3425-3430 (once it broke, EU will highly possible to on its way back to 3615 and 3800 level, just like in Oct 4th, after EU broke 3240, it's on it's way back to a 1000 pips bounce). Even for a long term trader who is aim to 1.2XXX level, i still believe be more patient to wait for a better entry price and time can give you more profits.
I have my CFA exam in 5 days so I do not think I will trade unless i see it break 3425, i might will enter a small long with tight stop.
good luck for all you guys and trade safe.
  • #566,912
  • Nov 28, 2011 1:21pm Nov 28, 2011 1:21pm
Quoting Yuchen
EU may continue its down to 3150, however, 4H chart also showed reversal risk to the way back 3800. It tested 3395 and failed to form a tempory double top today, more resistence are at the 3411 (last week's resistence after 3422 broken) & 3422 (last week's strong support). I believe any shorts should have their last s/l around 3425-3430 (once it broke, EU will highly possible to on its way back to 3615 and 3800 level, just like in Oct 4th, after EU broke 3240, it's on it's way back to a 1000 pips bounce). Even for a long term trader who is aim to...
Very nice analysis.
  • #566,913
  • Nov 28, 2011 1:58pm Nov 28, 2011 1:58pm
Quoting Pip and Run
long looking very nice in this area !!!! i think euro will rally this week....
Still alive?
  • #566,914
  • Nov 28, 2011 2:03pm Nov 28, 2011 2:03pm
I want from 28k to 370k Going Long USD last week.

Im about to win the dukascopy tournament doing that: http://www.dukascopy.com/traderconte...er=Belikewater

Today because price action we change the trebd. But I think this is only a retracement. And we are going to see more USD bullish action tomorrow.
Greetings, BeLikewater
  • #566,915
  • Nov 28, 2011 2:04pm Nov 28, 2011 2:04pm
Quoting DeafPipster
T=3280.
  • #566,916
  • Nov 28, 2011 2:23pm Nov 28, 2011 2:23pm
T = 3240
  • #566,917
  • Nov 28, 2011 2:25pm Nov 28, 2011 2:25pm
So, so far today I've lost over $200. This is my first live account after extensive practice on a demo where I was making 90% successful scalping trades. Somehow, now that it's my real money, I've been losing consistently. I've been trying to follow the advice in this thread (such as the earlier consensus that today would be a bull day) but still lose more money than I can make. What kind of movements can we hope for tonight with the euro to recover the losses?
  • #566,918
  • Nov 28, 2011 2:38pm Nov 28, 2011 2:38pm
Quoting Forexsaurus
So, so far today I've lost over $200. This is my first live account after extensive practice on a demo where I was making 90% successful scalping trades. Somehow, now that it's my real money, I've been losing consistently. I've been trying to follow the advice in this thread (such as the earlier consensus that today would be a bull day) but still lose more money than I can make. What kind of movements can we hope for tonight with the euro to recover the losses?
Demo means nothing so please practice with small lot size when trading real account. Once you build your confidence with your system then increase your lot size gradually.
  • #566,919
  • Nov 28, 2011 2:42pm Nov 28, 2011 2:42pm
Quoting Forexsaurus
So, so far today I've lost over $200. This is my first live account after extensive practice on a demo where I was making 90% successful scalping trades. Somehow, now that it's my real money, I've been losing consistently. I've been trying to follow the advice in this thread (such as the earlier consensus that today would be a bull day) but still lose more money than I can make. What kind of movements can we hope for tonight with the euro to recover the losses?
1. You took the advise and trade calls from this thread.
2. You lost more money than you can make. = poor money management.

Those are your mistakes.

Price is still under daily res. long upper wick on daily bar. Ask yourself if this is a sign of reversal.
  • #566,920
  • Nov 28, 2011 2:52pm Nov 28, 2011 2:52pm
Quoting DeafPipster
Demo means nothing so please practice with small lot size when trading real account. Once you build your confidence with your system then increase your lot size gradually.
I'm currently trading lots of 10,000 and while scalping I was doing well, earning about $20 within and hour, then one bad trade later and I was down about $50. I used the same settings and strategy with my demo account and did very well, maybe I'm just terribly unlucky. Staying strong though.
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