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EURUSD

  • #574,401
  • Dec 13, 2011 6:13pm Dec 13, 2011 6:13pm
Quoting Tyoon
The 'looks like magic' video is great.

"Ron: Are you going to print money to help fund the IMF?

Ben: Nnoooooo...... .. . .. . "

Haha.
His Demeanor seems like he's lying his ass off and looks like' how dare you question me '
"Pippin aint easy"
  • #574,402
  • Dec 13, 2011 6:16pm Dec 13, 2011 6:16pm
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
stoch 2 3 3
& bollinger 20 0 2
Attached Image
give 1 and get 100
  • #574,403
  • Dec 13, 2011 6:18pm Dec 13, 2011 6:18pm
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"Pippin aint easy"
  • #574,404
  • Dec 13, 2011 6:20pm Dec 13, 2011 6:20pm
lucky i have booked profit on long before go to bed , what made usd to go this high , Ben or Europeans ?
Mohan
  • #574,405
  • Dec 13, 2011 6:33pm Dec 13, 2011 6:33pm
Quoting Buitragojl
His Demeanor seems like he's lying his ass off and looks like' how dare you question me '
Just fyi but that is how helicopter ben always seems!
  • #574,406
  • Dec 13, 2011 6:41pm Dec 13, 2011 6:41pm
You can clearly see we have broken the trendline with todays move. Prior to this, two weeks ago, you can see price came down to the TL, got rejected and bounced up. Then it finally continued on its journey. I suspect price will try to retrace back towards the TL and then continue on its downward journey. The RED lines show where support is located. These will be KEY bounce areas where price will get rejected and an excellent opportunity thru the holidays to make pips. In the mean time continue to scalp/trade what we see and make good pips.
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Enter Signature
  • #574,407
  • Dec 13, 2011 6:52pm Dec 13, 2011 6:52pm
looks like i missed a lot of pips on the downside. was out all day doin my christmas shopping !!

iam expecting a rally up tomorrow, or even tonight..
  • #574,408
  • Dec 13, 2011 7:08pm Dec 13, 2011 7:08pm
Quoting chazzle
cool - the quicker you find yourself a methodical way of trading the better - then you will know exactly what you have to wait for , the signs , the set-ups without jumping in and chasing price and relying on hope.
Yes, I am in the look for the method that fits me, basically by getting rid of all behaviour that makes me loose money. Hope to reduce the learning curve by improving from others, it will take time. But being stubborn and repeating mistakes are my worse enemies.
Yours and others comments will help bring me back to earth when I start chasing the impossible.
  • #574,409
  • Dec 13, 2011 7:27pm Dec 13, 2011 7:27pm
Quoting jamesr24
You can clearly see we have broken the trendline with todays move. Prior to this, two weeks ago, you can see price came down to the TL, got rejected and bounced up. Then it finally continued on its journey. I suspect price will try to retrace back towards the TL and then continue on its downward journey. The RED lines show where support is located. These will be KEY bounce areas where price will get rejected and an excellent opportunity thru the holidays to make pips. In the mean time continue to scalp/trade what we see and make good pips.
Thats really interesting to see your interpretation, it all goes to show how chart patterns and trend lines really are 'in the eye of the beholder'! For me, the obvious trend line has the break much earlier in early September, with the classic retest/support becomes resistance move in late October.
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  • #574,410
  • Dec 13, 2011 7:35pm Dec 13, 2011 7:35pm
looks like the hopium high is over for now! however, maybe they will find another dose ???
  • #574,411
  • Dec 13, 2011 7:36pm Dec 13, 2011 7:36pm
Quoting mohan76
lucky i have booked profit on long before go to bed , what made usd to go this high , Ben or Europeans ?

buckle up bro enjoy journey
If you are new to Forex? Say Goodbye to your account!!
  • #574,412
  • Dec 13, 2011 7:39pm Dec 13, 2011 7:39pm
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
Quoting Buitragojl
give 1 and get 100
  • #574,413
  • Dec 13, 2011 7:49pm Dec 13, 2011 7:49pm
Right now the biased is down side, however just as it can go down it can go up, so far we have been trading below monthly open, and up until late last week a bullish correction seemed very possible had the Summit been fruitful.

we are trading 419 pips from the monthly open, 1.3368 approx is the monthly average with (2) deviations of 1.3125 so we are trading below normal price variations from the mean, that however doesn't mean a spike up is impossible but highly unlikely at this point.

the monthly average range is 752 pips approx and so far the range from high-low is 520 so.....if purely by statistical measures 1.2793 to be the monthly low is probable.

Granted we break through 1.30 now the question would be ............why wouldn't we, who is holding that level up, do you think there is a cluster of stops below it, you better believe it, i would guess we have many plain vanilla and barriers below that., if today we do not go lower than 1.30 then a bounce up is a likely scenario
AVT INVENIAM VIAM AVT FACIAM
  • #574,414
  • Dec 13, 2011 7:57pm Dec 13, 2011 7:57pm
now the strategy for today should be, if you want to be on the safe side, instead of betting on catching the bottom for an upward correction, most likely if there is a bounce it could be probable around 1.3080's or so area, short it at that point and prepare to accept a loss at that area, would be lest risky than going against the trend in my opinion.
AVT INVENIAM VIAM AVT FACIAM
  • #574,415
  • Dec 13, 2011 8:03pm Dec 13, 2011 8:03pm
Quoting the redlion
Right now the biased is down side, however just as it can go down it can go up, so far we have been trading below monthly open, and up until late last week a bullish correction seemed very possible had the Summit been fruitful.

we are trading 419 pips from the monthly open, 1.3368 approx is the monthly average with (2) deviations of 1.3125 so we are trading below normal price variations from the mean, that however doesn't mean a spike up is impossible but highly unlikely at this point.

the monthly average range is 752 pips approx and so far...
Very nice assessment, was a cruel stop hunt just now every pr but eu
Pa is coiling tighter each bar, explosion either way, is always possible, trend would be somewhat ineffective at present, trend entry now could be a killer, Im with you trading monthly opens Nov and Dec, have done very well, but we at very critical levels, USD at strong resist and tapping, breach would be nice pop, rejection same for seller, entry here on all pairs I watching is very very tricky, need very good trade plan, tighten mm rr or sit on hands
If you are new to Forex? Say Goodbye to your account!!
  • #574,416
  • Dec 13, 2011 8:06pm Dec 13, 2011 8:06pm
Quoting KiwiTrada
buckle up bro enjoy journey
it's hard to decide which train to take
Mohan
  • #574,417
  • Dec 13, 2011 8:42pm Dec 13, 2011 8:42pm
Wonder where's that micho and his "this is just a minor dip, watch for 1.37xx"
  • #574,418
  • Dec 13, 2011 8:56pm Dec 13, 2011 8:56pm
Quoting jayjb
Wonder where's that micho and his "this is just a minor dip, watch for 1.37xx"
Margin call...
  • #574,419
  • Dec 13, 2011 8:58pm Dec 13, 2011 8:58pm
Quoting mohan76
it's hard to decide which train to take
$64m question, Bro I be posting for last 7 weeks is just selling rallies, all ladies, have do very nice, presently would be selling support, buy is still better rr, but I not normal I crazy, see no reason to change sell rallies, will be good until it isnt, I is embareess to post charts, loaed with entrees, I happy to keep manual manage, plus trailing stops, just a matter of waiting for signals, must be patient, bears have been doing nicely, in a decent battle at the moment, any strength in USD pa is react instanly, more than weakness euro, euro is still piece of crap lol USD has been nice, run her beside your prs, she be good indicator, her and swissy

Green pips bro
If you are new to Forex? Say Goodbye to your account!!
  • #574,420
  • Dec 13, 2011 9:00pm Dec 13, 2011 9:00pm
Quoting mohan76
lucky i have booked profit on long before go to bed , what made usd to go this high , Ben or Europeans ?
same here bro...lucky i did closed my long before I sleep...
wow...
USD gone mad
Patience, Emotion Control and Discipline.
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