EURUSD

why stupid.. longs look better imo.
if it drops to ~3040 and bounces back above the black line i'll go long too..

cos i'm in red now and the price seems to stop moving... gets me nervous and stuff

On what are your trades based on? what are you looking at? the 5m tf?

maybe i see signal sell off,sell off...what will going to in the moment?

i'm actually looking at 30 and 15 min tf. it looks like an ascending triangle.

bears are dead, look at oil, about to make a new high already, may jump few hundred points in asia

Haha

Choose your battle wisely. 1 hr says up, daily says down. Conflicting each other. I would let the market choose the direction, then pick the easy ones to trade.

Ok I see.

Remember this pa is difficult to trade in my view.

There is time to go short, time to go long and time not to trade.

Another thing to consider.... Liquidity seems pretty dried.

at 4am and on the 29th Greece has a 5 billion euro note to pay.

you will have few pip profit, but you have to learn "Patience".

hopefully i can close it with a few pips profit soon.

Had this trade on for 11 hours now and its moved a whopping 15 pips in that time.

I've moved s/l to b/e and just let either hit or let it run for some, a brain killer

Should try and wait for a break and retest

last 3 days trade

maximum tp 20 pip recommended 10 pip

Totally agree with you, just closed trade with 2pip profit, instead of 10pip profit because a was aiming at 15pip tp..

Data from America paints a far worse picture than the figures frequently posted on here.

95% of day traders over there lose money. That group breakdowns further into those who lose everything (75%) and those who leave with some of their previous wealth intact (25%).

Innate ability plus life experience is not enough to survive for the vast majority who try to trade profitably.

The more exposure you have had to chaotic systems, randomness, patterns, Statistical Dynamics http://www.iii.co.uk/sites/all/theme...cons/smile.gif ........, the more chance you've had to have taken onboard some aspects of thinking that might help.

Totally agree that the same patterns keep repeating themselves. Problem is of course that the outcomes are different and cannot be predicted at the "I know what is going to happen next." level of certainty.

So that points the way forward IMO. You have to use a probabilistic approach based on past performance. However you know that past performance is no guarantee of future success. A pattern that was 60% successful in the past year might drop to 50, 40..... or even increase.

The patterns you use could be on Price, a single indicator or some more complex combination.

Somehow you have to gather in enough data and experience to allow you to create, steal or borrow a pattern that seems to work at a level of probability that makes it worthwhile for you to use.

Then it's a simple matter of spot the pattern, look at the context and work out the three vital components - probability of success, the minimum reward to be achieved before the maximum risk is reached.

There is loads of stuff available on money management, risk control etc., you ignore at your
own peril.

If the maths (reward:risk compared to probability) stacks up you trade, if it doesn't then you
don't.

There must be no emotional attachment to the analysis. You have set up a position identical to rolling a many sided dice where the outcome is in your favour. You can do no more, just roll the dice and accept what happens.

dear mohan..
how forecast eur/usd in this week?
if greece have 5 bilion USD...do EU will increase?

@ the moment marke is dry, iam only looking @ S & R , it is respected so far , if volume back in play market might show direction, otherwise back in s & r game

i prefer Long at Support than short