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  • #571,461
  • Dec 8, 2011 2:04am Dec 8, 2011 2:04am
Quoting bestrader98
dear Yuchen and for all senior expert traders...
me as a newbee wanna to asked :
if ECB cut their rate by 50 bps,than what would happenned with the E/U ?
going down or it's going UP ?
pls.give me ur's opinion.
thanx a lot & happy pips
First You Must Identify Major Trend which is currently Bullish. (Daily Chart) which mean Bear Bar will not be breakout below Bull Bar.

Then normally I will go entry based on the pullback.

Try to do homework with your resistance and support positioning.

I hope this little hint will help you.

I am price action strategy Trader. Every people have their own style of trading.

Make sure you use trading style which is suitable with you.

currently I am waiting for a Breakout @13560 then probably it will be pullback from there again.
  • #571,462
  • Dec 8, 2011 2:06am Dec 8, 2011 2:06am
Textbook open, Franky fake and the London boys took her right back. Now let London get through the overnight orders and trade the break.

And who says I never post anything useful heh?
  • #571,463
  • Dec 8, 2011 2:07am Dec 8, 2011 2:07am
Quoting cloggie
You want a trading challenge? Get real kid, anybody here with a few days experience can beat you, all they have to do is open an account and do nothing, you are going to blow yours up within a few days anyways.
I was thinking u might say that. But what happens if Incrediblle doesnt make any trades either?
  • #571,464
  • Dec 8, 2011 2:08am Dec 8, 2011 2:08am
Quoting mrfxlee
First You Must Identify Major Trend which is currently Bullish. (Daily Chart) which mean Bear Bar will not be breakout below Bull Bar.

Yeah, I have to disagree with this.

From the daily charts, I see a downtrend that started in the summer and lasted until the beginning of October, at which point a RETRACEMENT took place.

Since the beginning of last month, however, it looks like the pair has resumed its downward trend and is just waiting to begin plummeting.

At most I would call the last two months a consolidation on the daily chart, but an uptrend? Nah.


(I'm looking at EUR/JPY, but it's pretty similar to EUR/USD)
  • #571,465
  • Dec 8, 2011 2:11am Dec 8, 2011 2:11am
Break up or break down?
Attached Image (click to enlarge)
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  • #571,466
  • Dec 8, 2011 2:11am Dec 8, 2011 2:11am
Quoting mrfxlee
First You Must Identify Major Trend which is currently Bullish. (Daily Chart) which mean Bear Bar will not be breakout below Bull Bar.
.
the last few days maybe bullish but the daily PA is still contained inside the BEARISH daily trend from 21 Oct....

Just pointing out that length of lookback is equally as important as the TF you look at.
  • #571,467
  • Dec 8, 2011 2:11am Dec 8, 2011 2:11am
I meant the 27th Oct of course
  • #571,468
  • Dec 8, 2011 2:12am Dec 8, 2011 2:12am
Okay, for EUR/USD it was mostly flat during the summer when EUR/JPY was dropping. There is a bit of a discrepancy.
  • #571,469
  • Dec 8, 2011 2:20am Dec 8, 2011 2:20am
Quoting Motion
Good morning mates,

Been seeing a lot of bulls and bears this morning. Hmnnn...I really hope accounts don't get wiped by the end of the US session. Taking positions before the ECB decision and EU meeting is like jumping in front of a moving train. You could get crushed. Why not wait for the train to leave the station and tag along. Trust me, you couldn't miss more that 50pips of the main move.
I think I agree with you.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #571,470
  • Dec 8, 2011 2:22am Dec 8, 2011 2:22am
Ouch, Incrediblle

All Time
-18.7%

That's rough
  • #571,471
  • Dec 8, 2011 2:26am Dec 8, 2011 2:26am
Quoting cloggie
Textbook open, Franky fake and the London boys took her right back. Now let London get through the overnight orders and trade the break.

And who says I never post anything useful heh?

She is behaving like she should this morning.
  • #571,472
  • Dec 8, 2011 2:26am Dec 8, 2011 2:26am
Quoting caseyjw
And that's only losing 35 pips.... honestly cloggie i'm surprised you are even giving him any responses at all..

He is on my Iggy list now, he can do whatever he wants, I will let him be.
  • #571,473
  • Dec 8, 2011 2:29am Dec 8, 2011 2:29am
there is no trade until the rate decision
Read the chart... Fundies are catalyst...
  • #571,474
  • Dec 8, 2011 2:32am Dec 8, 2011 2:32am
Quoting satheesh
there is no trade until the rate decision
I am still holding my long position since London and NY Session yesterday at least I have 75 pips in hand

I was long @ 13350
  • #571,475
  • Dec 8, 2011 2:33am Dec 8, 2011 2:33am
Quoting cloggie
She is behaving like she should this morning.
Pressure to the upside of that range. Do you use the pivot as part of your decision making process in these breakout trades? Think I remember you mentioning it but can't be sure. If so, NY midnight to midnight for setting?
  • #571,476
  • Dec 8, 2011 2:34am Dec 8, 2011 2:34am
Quoting mla
Guys in my opinion is not wise to get between two cats fighting.

mla
Wise and entertaining are two different matters.
Kill the ego, or it will kill the mission.
  • #571,477
  • Dec 8, 2011 2:35am Dec 8, 2011 2:35am
Quoting Alexone
I was thinking u might say that. But what happens if Incrediblle doesnt make any trades either?
Although i have no clue about his trading abilities, Incredible seems to be one of the very few with a little bitty brains in this forum who has the guts to challenge this moron. This guy has been posting almost 14,000!! times within barely 2 years without posting a single trade. But the cloggie sect and his disciples dont mind too much as long as they can stick their noses up his pipe. But of course i forgot. He is not here to post trades but to "teach" and everyone has learned incredible things. But the thing is, when you ask them in detail what they learned, they, as you woulda guessed, dont know themselves. And then, to reward themselves, they give themselves vouchers for all this nonsense drivel and other guys think that these guys know what they are talking about. And my oh my....dont you dare challenging them. Again, remember Wayne Jackson?
  • #571,478
  • Dec 8, 2011 2:35am Dec 8, 2011 2:35am
Quoting mrfxlee
I am still holding my long position since London and NY Session yesterday at least I have 75 pips in hand

I was long @ 13350
I think it is time for reversing your trade.. I can see we are at the today high now.

btw, I just started a short with target 1.3355
If something is too good to be true, it’s probably NOT true.
  • #571,479
  • Dec 8, 2011 2:35am Dec 8, 2011 2:35am
Quoting Cerber.bf2
oh noes, this day will go in the history..



stfu, seriously. waste of space. share your views for todays trades instead.
I am totally agree. People Need Trading Idea. Not a arguing scene. we let the audience decide with their own preference trading idea.

I believe Professional Trader only show off their skills. and not arguing statements
  • #571,480
  • Dec 8, 2011 2:36am Dec 8, 2011 2:36am
Morning,

nothing really going on here, big money positioning and awaiting major fundies today...

Unless something catches my eye, I remain flat till BoE rate decision.
Quant Hedge Fund CEO
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