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EURUSD

  • #577,861
  • Dec 26, 2011 7:00pm Dec 26, 2011 7:00pm
Quoting EAsuccess
I'm currently watching the EUR/USD slowly consolidate upward. A nice trend line is forming and gently sloping up along the higher lows. You can see it easily on a one hour chart. Until I get a clear break of that line with a nice red candle I'm on the sideline.
looking at the candles on the 1hr looks like a down trend to me. burned out though. Ready for a spike soon.
  • #577,862
  • Dec 26, 2011 7:00pm Dec 26, 2011 7:00pm
i would hazard a guess that we fall back to 1.303 from here at 1.306 sometime soon.

with the primary trend down and the hourly showing a descending triangle to that level.
  • #577,863
  • Dec 26, 2011 7:01pm Dec 26, 2011 7:01pm
Quoting todstars2
i would hazard a guess that we fall back to 1.303 from here at 1.306 sometime soon.

with the primary trend down and the hourly showing a descending triangle to that level.

at least...hehe
Bismillah
  • #577,864
  • Dec 26, 2011 7:13pm Dec 26, 2011 7:13pm
PA has nicely followed the Black TL - firstly as support and lately as resitance. The pink LTL has also been very politely adhered to. Now to see which way the low volume trading will take it. My guess is - sideways - for now.
Q
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  • #577,865
  • Dec 26, 2011 7:20pm Dec 26, 2011 7:20pm
Quoting sidhujag
XAU to 1500?
i have give up gold trade some time back. 1500 looks far away
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Mohan
  • #577,866
  • Dec 26, 2011 7:32pm Dec 26, 2011 7:32pm
Quoting mohan76
i have give up gold trade some time back. 1500 looks far away
yes it is far away but it still vulnerable and imminent.....to 1500.....as i forecast at my speculatory page on facebook last several weeks...
Bismillah
  • #577,867
  • Dec 26, 2011 7:53pm Dec 26, 2011 7:53pm
Quoting mohan76
i have give up gold trade some time back. 1500 looks far away
hello mohan, hehe.

you're always here which is good for me. what's ur set up for today?

i made 2 losing trades this morning!!!!
  • #577,868
  • Dec 26, 2011 7:57pm Dec 26, 2011 7:57pm
Quoting 4XMASTER4x
If this eu can hold current up trend as of now we will see a rally in XAU also now--eurusd riding 5sma
Not nessarily, see mf global.

Gold is anti inflation hedge, if US is ok, gold is down. XAUUSD that is
  • #577,869
  • Dec 26, 2011 7:58pm Dec 26, 2011 7:58pm
Straight to the moon, Alice!

http://www.vote29.com/newmyblog/wp-c...05/ralphal.jpg
  • #577,870
  • Dec 26, 2011 7:59pm Dec 26, 2011 7:59pm
oooooooooh look at that retail traders decided to short again!!! 3090 looks imminent! keep on shorting
  • #577,871
  • Edited 8:33pm Dec 26, 2011 8:00pm | Edited 8:33pm
Quoting happytrader
hello mohan, hehe.

you're always here which is good for me. what's ur set up for today?

i made 2 losing trades this morning!!!!

this is my post yesterday , bit late for long , it go down below 1.3050 and hold planing to reload long, limit your tp to 10/20 pip,

your aud trade was not bad bit early entry try to reduce lost size , i am trading today 1/10 th of normal trade and sl bit wide (hard) and mental stop based on PA, sparks up/down can take your sl very easily


Edit: going out for break.


Quoting mohan76
forgot technical and fundamental Low liquidity market

bull for Asian - Europe
Us session - if big stop taken bull otherwise bear

fundamental trader having fun and technical traders having high tech holiday
Mohan
  • #577,872
  • Dec 26, 2011 8:04pm Dec 26, 2011 8:04pm
Volume is drying up at 1.308.

back where we started the evening at 1800gmt
  • #577,873
  • Dec 26, 2011 8:44pm Dec 26, 2011 8:44pm
going long at 3074 with tp at 3110 sl 3060

my risk reward is very poor
  • #577,874
  • Edited 10:03pm Dec 26, 2011 9:50pm | Edited 10:03pm
Morning , so overnight short worked for some , 3045 broken but not 25 & so now waiting see if bo upside at 3075 & actually able break 3084 or not , if can then 3096 & 3110 will watch again , not , back to pavilion 3045 , 3925 breaks & down , one last leg may or not before the action .

Note : Gold expecting fall to bottom 1569-62 before anything & so why not eu,gu to very bottom next ?if wind then 1531 very ok too .limit up gold 1602 without spread & likely respect before the down start with initial confirmation 1587 & next 82 breaks for the down for near bottom .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #577,875
  • Edited 11:32pm Dec 26, 2011 10:44pm | Edited 11:32pm
Do not be mislead by fake traders.

an excerp from the book trading in the zone by Alexander elder; Trading for a living.

"A person who makes 25% profit anually is king on wall street.Many top-flight money managers would give away their firstborn child to be able to top this.(lol) A trader who can double his money in a year is a star- as rare as a pop musician or a top athlete. if you set modest goals for yourself you can go very far."

"Extensive testing has shown that the maximum amount a trader may loose on a single trade without damaging his long term prospects is 2%. Most amateurs shake their heads when they hear this as it throws a monkeys wrench into the dreams of quick profits. Most succcesful professionals on the ither hand consider the 2% limit too high. They do not allow them selves risk more than 1% or 1.5% of equity on any single trade"
Beauty awakens the soul to act. Dante Alighieri
  • #577,876
  • Dec 26, 2011 10:51pm Dec 26, 2011 10:51pm
Quoting LaMaschera
Do not mislead by fake traders.

an excerp from the book trading in the zone by Alexander elder; Trading for a living.

"A person who makes 25% profit anually is king on wall street.Many top-flight money managers would give away their firstborn child to be able to top this.(lol) A trader who can double his money in a year is a star- as rare as a pop musician or a top athlete. if you set modest goals for yourself you can go very far."

"Extensive testing has shown that the maximum amount a trader may loose on a single trade without damaging his...

all just depend on individual.......how big they can face the risk....
Bismillah
  • #577,877
  • Dec 26, 2011 11:00pm Dec 26, 2011 11:00pm
Quoting krunfx
all just depend on individual.......how big they can face the risk....
What you saying does not make sense to me what so ever, if you make 300-500% return a week as you said good luck to you.

Myself I am not interested in that kind of informations, they are not realistic and are not helpful for someone that is just approaching currencies or trading.
Anybody can make 300-500% in one week (depending on your capital) but that is not trading is gambling.
Beauty awakens the soul to act. Dante Alighieri
  • #577,878
  • Dec 26, 2011 11:09pm Dec 26, 2011 11:09pm
I dont have a lot of experience in other type of market, but I want to know if good US news is good or bad for US bonds? it maybe sound stupid but everyday I hear about the bond market but I never been able to understand how they work.
  • #577,879
  • Dec 26, 2011 11:12pm Dec 26, 2011 11:12pm
Quoting LaMaschera
What you saying does not make sense to me what so ever, if you make 300-500% return a week as you said good luck to you.......
If one can reply this riddle in 15 seconds, can make 300% to 500% a week.

A man takes an empty barrel weighing 20Lbs and puts something in it, now this weighs less than 20Lbs. What he put in the barrel?
The Thief of Wall Street
  • #577,880
  • Dec 26, 2011 11:15pm Dec 26, 2011 11:15pm
Quoting Chicky
If one can reply this riddle in 15 seconds, can make 300% to 500% a week.

A man takes an empty barrel weighing 20Lbs and puts something in it, now this weighs less than 20Lbs. What he put in the barrel?
a hole... not trading this uber thin market. will wait for better levels
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