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EURUSD

  • #582,241
  • Jan 10, 2012 4:58pm Jan 10, 2012 4:58pm
Quoting mohan76
good morning /evening traders,

what happen euro remain in a place where i left
the boundary..hehehe
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Bismillah
  • #582,242
  • Jan 10, 2012 5:04pm Jan 10, 2012 5:04pm
Quoting gfs
When everbody in the world say BLACK you got to say WHITE!
Everone talk about euro's collapse. In behavioural economics it is a clear indication of the opposite outcome. Watch euro rally this year.
so true! people burned so much money trading and looking on technical charts here.
I´m still waiting for further development. happy trading and many pips
Get rich or die tryin!
  • #582,243
  • Jan 10, 2012 5:08pm Jan 10, 2012 5:08pm
Yeap. We have to watch "smart money" and study economics and banking to understand what drive the prices. IT IS NOT a yesterday's price. It is supply and demand

Quoting mlep
so true! people burned so much money trading and looking on technical charts here.
  • #582,244
  • Jan 10, 2012 5:10pm Jan 10, 2012 5:10pm
Quoting krunfx
the boundary..hehehe
did you sleep or doing triple shift ?
Mohan
  • #582,245
  • Jan 10, 2012 5:12pm Jan 10, 2012 5:12pm
Quoting mohan76
did you sleep or doing triple shift ?
i sleep on malaysia time 11pm....(11am NY)
wake up 4am(4pm NY).....hehehhe
Bismillah
  • #582,246
  • Jan 10, 2012 5:12pm Jan 10, 2012 5:12pm
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #582,247
  • Jan 10, 2012 5:14pm Jan 10, 2012 5:14pm
Quoting mohan76
did you sleep or doing triple shift ?
malaysia market is very flexible.....

the market slow time radusually at (NY 12pm-5am)......is our sleep time (12am-5am)..hehehehe

so i can ttrade in tokyo ,london,and active newyork session
Bismillah
  • #582,248
  • Jan 10, 2012 5:15pm Jan 10, 2012 5:15pm
Quoting samdani786
a=9.81 m/s2..hehehe
Bismillah
  • #582,249
  • Jan 10, 2012 5:17pm Jan 10, 2012 5:17pm
Quoting opale
Italy downgrade? O'Nell look eur/usd at 1.10...this is a realistic future?
never trust any big fishes they always miss lead retailers, and your trading plane totally different from them. big target need wide sl . Support & resistant work very well for most new starters .
Mohan
  • #582,250
  • Jan 10, 2012 5:20pm Jan 10, 2012 5:20pm
Quoting todstars2
Not sure of your experience level so forgive me for the disclaimer:

That said:

Risk is not such a bad thing but recognize that you will more than likely lose in these markets.

Most people do.

I agree risk is not a bad thing. You have to be true to yourself however. In other words, do you have the personality or rationality to risk capital? Some people simply can't get past losing and start chasing the price action and other foolish moves. Some can't follow their own strategies with its set rules and get themselves in trouble.

It's good to have an adviser or guru but ultimately it's you that is going to make the trade. View your first investment as tuition. You will lose. BUT did you learn what the mistakes were when you made them. You can't put a price on that kind of education. I've been told that most (94%) lose in the forex market. I have a hard time believing that number. It indicates that stupidity is the inertia for the retail forex market. I think it's more like 60/40 or something like that.

Forex trading is hard until it's easy. You will lose until you start winning. Go figure. You can long term invest in the forex market but maybe your looking for a fund manager with varying risk appetite. Forex is for the lonely.
Taigen Profit This Month: na
  • #582,251
  • Jan 10, 2012 5:32pm Jan 10, 2012 5:32pm
Quoting dove_alliance
Let me give you a little education on Time Frames:

The 2 hour TF chart is your 50% chart - in other words - it controls all the lower chart and the upper charts. What ever that 2 hour chart says it will do exactly what it says. The 2 hour TF is your underline trend. A 1 minute or 15 minute candle is a long ways from a 2 hour candle. Remember that and it may help you to see things in a different light.

In my opinion, its how u trade control your tf... scalper maybe prefer small tf.. 10 to 15 pip..right ??? most swinger prefer to h1 above...
  • #582,252
  • Jan 10, 2012 5:36pm Jan 10, 2012 5:36pm
Quoting krunfx
breaking lower should puh euro to test lower again..
One can only hope.

The bear side moves to its conclusion much faster than the long side.

All it takes is a good panic
  • #582,253
  • Jan 10, 2012 5:37pm Jan 10, 2012 5:37pm
Quoting todstars2
One can only hope.

The bear side moves to its conclusion much faster than the long side.

All it takes is a good panic
Bismillah
  • #582,254
  • Jan 10, 2012 5:40pm Jan 10, 2012 5:40pm
Quoting krunfx
as we have lot of green field in Asia / pacific, Asian session for bulls on sunny day , bear can visit us on rainy day
Mohan
  • #582,255
  • Jan 10, 2012 5:42pm Jan 10, 2012 5:42pm
I suppose they are good for start ups. But in my view it is only gambling when using all indicators. Funny that nobody is looking for support or resistance to predict food prices or car prices or barber's fees right?
These are the prices too. Price is a function of supply and demand. It is basic economics. It applies to all prices including milk, fags, leeks, gold, yen etc.
All indicators are calculated on the previous, past price. It can't be an indication of the future.
If using those indicators trader must apply advance statistical methods of probability of outcome. This has nothing to do with actual trading. It is gambling.But nothing wrong with that. I think. It took me years to relise it.
Actually I read a exstensive research that proved that the one would be better off playing cards than trading forex. Better chance of winning odds.
Funny isn't it?

Quoting mohan76
never trust any big fishes they always miss lead retailers, and your trading plane totally different from them. big target need wide sl . Support & resistant work very well for most new starters .
  • #582,256
  • Jan 10, 2012 5:47pm Jan 10, 2012 5:47pm
Quoting gfs
Funny that nobody is looking for support or resistance to predict food prices or car prices or barber's fees right?
Funny isn't it?
yes we do look @ support and resistant, do your go to high end to cut your hair or go to the place you can afford (budget can support - buying @ support), when work place offer overtime with normal reward we might refuse but if they offer double reward we are happy to work (selling @ resistant)

i am not talking about indicators , just support and resistant (of course it gathered from history)

Mohan
  • #582,257
  • Jan 10, 2012 5:48pm Jan 10, 2012 5:48pm
Quoting gfs
I suppose they are good for start ups. But in my view it is only gambling when using all indicators. Funny that nobody is looking for support or resistance to predict food prices or car prices or barber's fees right?
These are the prices too. Price is a function of supply and demand. It is basic economics. It applies to all prices including milk, fags, leeks, gold, yen etc.
All indicators are calculated on the previous, past price. It can't be an indication of the future.
If using those indicators trader must apply...
Really? Is that your experience? You may be bright but you have not figured out the forex market yet. Over the last year, I may have stopped out 2 maybe 3 times, otherwise it's been green.

I guess you could call it gambling. I guess a farmer who plants a crop could be called gambling. I prefer to call it a reasonable risk because if you are good at what you do, be it farming or trading, you will be successful.
Taigen Profit This Month: na
  • #582,258
  • Jan 10, 2012 5:51pm Jan 10, 2012 5:51pm
I was more talking about predicting future prices using technical analysis..
But very fair points Mohan.

Quoting mohan76
yes we do look @ support and resistant, do your go to high end to cut your hair or go to the place you can afford (budget can support - buying @ support), when work place offer overtime with normal reward we might refuse but if there offer double we are happy to work (selling @ resistant)


  • #582,259
  • Jan 10, 2012 5:53pm Jan 10, 2012 5:53pm
Quoting mohan76
as we have lot of green field in Asia / pacific, Asian session for bulls on sunny day , bear can visit us on rainy day
how about the day of "MR DRAGHO" tomorrow....?
Bismillah
  • #582,260
  • Jan 10, 2012 5:54pm Jan 10, 2012 5:54pm
An excellent trading Taigen! Nothing wrong with gambling. Dont get me wrong.
You will be successful if you are good at what you do. Thats for sure.

Quoting Taigen
Really? Is that your experience? You may be bright but you have not figured out the forex market yet. Over the last year, I may have stopped out 2 maybe 3 times, otherwise it's been green.

I guess you could call it gambling. I guess a farmer who plants a crop could be called gambling. I prefer to call it a reasonable risk because if you are good at what you do, be it farming or trading, you will be successful.
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