EURUSD

B' cause there are too many sellers and only few buyers in eurusd ' not the same for gold ;;

Glad to see someone showing his losing trades. At least it doesn't happen to me alone ...
I currently have some pending longs triggered around .27800, .28165 and .28491 and hope price will go north ...
Anyway, when I begins to "hope" it doesn't smell good

Gold if signal next , others wanted some respiration with bounce but if not to continue bear even overnight here , watching for any signal then .
fontu
http://www.forexfactory.com/showthre...57#post5271357

I'm still kinda BE but I had to sit through some unnecessary DD. As my motto says: Fuck the New York session.

Go offshore.

There's a few brokers that will take US residents.

You just have to be your own insurance company, in essence.

Watching for?

For those who draw trendlines:

A reliable Forex entry signal usually involves a combination of factors which all come together at the same time.

No single indicator can provide the ideal entry level and the new Forex trader has to grapple with this stark reality. Many find this hard to accept and spend countless weeks and months and hard earned cash in search of what could be termed the "holy grail".

Learning to trade the Forex is hard work and needs to be treated like a business, the same as any other business. It requires a large investment of time, energy, mental discipline, and a cautious investment of cash until the necessary skills are acquired.

Trendlines are just one of the tools seasoned traders use along with other indicators to provide a reliable Forex entry signal.

Here I spell out two distinct ways in which trendlines can be used safely. Using a higher time frame candlestick chart such as a 60 minute, 2 hour, or even daily chart.

1. Momentum

As price moves upward in an uptrend or downward in a downtrend, it will retrace and bounce off the trendline at certain times. However, using a trendline bounce by itself as a Forex entry signal is too risky. There have to be other factors.

Once you have drawn the trendline you now have a graphical representation of price movement and you will be able to see where price has to retrace to test the trendline once again.

Now use other indicators to see if that level where price would need to retrace to test the trendline combines with other factors. Calculate your daily pivot points and draw horizontal lines on your chart to mark them.

Run your eyes left on the chart and note if there were any significant highs or lows that formed support or resistance within the last few days. Support and resistance on higher time frames usually provide more substantial reference points.

Use the Fibonacci tool on your charting software and mark retracement and/or extension levels on a variety of swing highs and lows and see if any intersect the trendline.

Also make sure you have the 200 EMA (Exponential Moving Average) line shown on your charts - this especially true on the 2 hour - and note whether this also intersects near or at the trendline.

Now if you have a combination of two or three of the above indicators meeting at the same place you have now identified a Forex entry signal that can be regarded as high probability.

Put in your entry order to be take in long at this point where the trendline intersects with the other indicators and set a reasonable target limit for what probably will be a profitable trade.

For a downtrend, simply use the above indicators going the other way.

2. Break

The second way to identify a reliable Forex entry signal using trendlines is to watch for a break of a trendline on a higher time frame such as the 60 minute, 2 hour, or daily chart.

Some traders sent an entry order to go long or short once price has broken the trendline by a few pips.

There is however a safer way to trade a trendline break.

It will be observed that (nothing is absolutely certain when trading the Forex) once price has broken a trendline and moved 15-30 pips, it will come back, retrace, and test the backside of that trendline.

This is where again you use the combination of factors mentioned in the previous strategy.

Look to see if the point at which price may come back to test the backside of the trendline coincides or combines with factors such as:

 

1. Pivot points
2. Previous swing highs or lows marking support and resistance
3. Fibonacci retracement or extension levels
4. 200 EMA

Now when you place an entry order to be taken in at that level you are doing so on the basis of a clearly defined Forex entry signal.

Be aware that trading trendline signals on lower time frames such as 30 minute, 15 minute, or even 5 minute charts are very high risk trades. Price will break these short term time frames frequently during the course of a day and catch a new trader frequently by luring them into a trade they later regret.

Be patient and wait for things to setup as described in the two methods above for high probability trades triggered by a combination Forex entry signal.

Well, I was before and when I had to wait for 3 months for my money from one of them knowing there's not one damn thing I can do about it, it didn't feel good at all. My funds security are my first priority. That's why I trade with citi (FDIC insured up to 100K). No way I'll risk that again, and with my luck I can see myself made an example by the CFTC Gestapo and hanged by a pool (remember those housewives having to pay millions for downloading a stupid song?). You don't know what these people are capable of. They're fucking relentless..

what? check out for example Oanda eur/usd:

62% long vs 37.8% short

longs were at about 52% a few hours ago, before NY opened

not retail traders ''''''''' dude its purely bankers and market movers buying we need to push ok '' got it ?

Gold is toppy at 1623

EUR is taking a breather here


Truly a tough moment here...it could break either way.

Down remains the way in the long run though.

Anybody Knows anything about Gold

I see a down move coming for Gold ... Don't misunderstand me , I don't even slightly mean that It is going to fall to the depths of hell , Just a down move will come ..... Am I correct ???

Long term chart

possible i got 1553 then 1498 as demand zones if it wants to test lows before it makes another move up to test it last year high at 1920 sometime later in the year, few margins raise will help push it down like they did during last year

macro view tells me 2800 within 12 months... not sure abotu the low can go to 1000, silver 14-18 lowest. Strong support at 1480... or that was bottom (probable) and you can keep buying now as it goes up.

Let me requote this noob who likes to be an Alpha-Dog stealing pips lol yea right!

I will bring it up every few months.

my original message was when it was around the low of 1500

Something is going on, setting up for something big probably NFP... oil flew down few bucks in a few mins. Euro decoupling in full affect.

If EUR pops out of the top of this descending wedge.

Its game on for the bulls for a little while at least

Maybe 1.285????

its on the best way to do so :-) - first target at abt. 1.2810

I think that it will jump to 1.2900 in next 24h. Its quet before storm.