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EURUSD

  • #585,161
  • Jan 18, 2012 6:10am Jan 18, 2012 6:10am
Quoting Chanya
HA , you are not , I have just reached 20 and already more then Three Years in forex !!!
Thou I learned my lessons along time ago , HA SURE ...
m 23 i thought im the youngest
  • #585,162
  • Jan 18, 2012 6:12am Jan 18, 2012 6:12am
WTF just happened?
  • #585,163
  • Jan 18, 2012 6:13am Jan 18, 2012 6:13am
Quoting TIckerShuffl
give it a few mins. IMF news of day seems uncertain.

I still think the long side bombshell will be china funds.
You got the trade?

News agencies are giving really conflicting reports.
They think they are smarter than I am.
  • #585,164
  • Jan 18, 2012 6:13am Jan 18, 2012 6:13am
kiss confirmation looooooooool
respect the wave candle
40 pips i say
bears try so hard
  • #585,165
  • Jan 18, 2012 6:15am Jan 18, 2012 6:15am
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Quoting happytrader
good for you. i started last year.... it's a disaster, went all in. lost ten of thousands of dollars. depressed...stressed, it destroyed my life... but i still see opportunity in forex trading, it'll take me a long long time to recoup my losses.

i should have started with a demo or mini account, i was too greedy and thought i know it all...

that's my greatest failure in life. u have no idea what that lose had done to me.....
Switch to demo, it's better for your bills and your refrigerator. For me calm is coming after 500$ loose. Now my strategy is "sitting on the hands" (from this thread ) and testing everything on demo. Really, it not worth those lost money.

"Better a wasted opportunity than wasted money"
  • #585,166
  • Jan 18, 2012 6:15am Jan 18, 2012 6:15am
short from 05 sl @ BE
  • #585,167
  • Jan 18, 2012 6:16am Jan 18, 2012 6:16am
Quoting bittervenge
Welcome back mate, hope things get well for your country.
Thanks mate. I guess the Fed govt. has settled with the masses. Whatever happens really has little or no effect on me. I'm always in the office or in my house.

This fiber is really really confused. Can't make up it's mind. It's in a conglomerate of short levels and just keeps finding it hard to tank. It's good to always have waiting/patience as a tactic in one's strategy.
Don't just beat the markets, leave bruises.
  • #585,168
  • Jan 18, 2012 6:17am Jan 18, 2012 6:17am
Quoting Xdir
WTF just happened?
today's PA is a mess. one min it's bullish , another it's bearish. who knows if a green bar's gonna shoot up the next min.
  • #585,169
  • Jan 18, 2012 6:17am Jan 18, 2012 6:17am
I am a relatively new forex trader - and I am definetly still learning

for me the toughest thing is seeing my trades through to the end - I lack the confidence to hold positions open longer than a few minutes - I had a SELL position from 1.2834 and closed way to early ... obviously this is a double edged sword but at the moment (maybe beginners luck) my analysis always predicts the correct price direction - but my inexperience forces me out too quickly
  • #585,170
  • Jan 18, 2012 6:21am Jan 18, 2012 6:21am
Quoting MaxDoom
short from 05 sl @ BE
any idea why it fell ? bcoz this 40 pip move was violent.
  • #585,171
  • Jan 18, 2012 6:21am Jan 18, 2012 6:21am
Quoting ali_baba
I am a relatively new forex trader - and I am definetly still learning

for me the toughest thing is seeing my trades through to the end - I lack the confidence to hold positions open longer than a few minutes - I had a SELL position from 1.2834 and closed way to early ... obviously this is a double edged sword but at the moment (maybe beginners luck) my analysis always predicts the correct price direction - but my inexperience forces me out too quickly
try setting it up with a SL & TP programmed put trailing stop to half the distance to your target and walk away.

That way you are right or wrong and not "could of been if I hadn't interferred" and your stop will protect at BE once you are 50% right on the trade.

quickest way to learn if you are getting it right or wrong but does not work for short scalps because the SL would be too tight.
  • #585,172
  • Jan 18, 2012 6:22am Jan 18, 2012 6:22am
test 23 fibo and down trend of short term market price is strong
chance to long again like i say waiting for confirmation candle and close after bears fail to break it
i better not enter My nerves will not bear to think, the best comfort for the last week
  • #585,173
  • Jan 18, 2012 6:22am Jan 18, 2012 6:22am
Quoting Z3iz3i
You got the trade?

News agencies are giving really conflicting reports.

Yes closed already. Making breafast.
  • #585,174
  • Jan 18, 2012 6:23am Jan 18, 2012 6:23am
Partial profits at 1.2786 (13h12 CET) ...






;-|

http://www.forexfactory.com/images/m...ading_dark.gif

2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #585,175
  • Jan 18, 2012 6:24am Jan 18, 2012 6:24am
Quoting Nachiket
any idea why it fell ? bcoz this 40 pip move was violent.

most likely hit some stops below 1.28 otherwise just range playing expect next support @ 50
  • #585,176
  • Jan 18, 2012 6:25am Jan 18, 2012 6:25am
My first foray into forex was may last year, i lost a total of $900. Initially my capital was $200 and i grew it to $600 quickly before it turned to dust. Went to demo trading for a few months

Between october til now, i turned a $200 account to $1228

I'm happy that i have recouped my losses but upset because at times i still lack discipline and overleverage, eg i had 1 trade for 20% in 30pips
  • #585,177
  • Jan 18, 2012 6:26am Jan 18, 2012 6:26am
Quoting ali_baba
I am a relatively new forex trader - and I am definetly still learning

for me the toughest thing is seeing my trades through to the end - I lack the confidence to hold positions open longer than a few minutes - I had a SELL position from 1.2834 and closed way to early ... obviously this is a double edged sword but at the moment (maybe beginners luck) my analysis always predicts the correct price direction - but my inexperience forces me out too quickly
Anyone will tell you, knowing where to get out is way harder than knowing where to get in. You've gotta have an exit strategy and the dicipline to stick to it, otherwise this will always happen to you. Price normally hits key levels such as pivot points, key MAs such as the 200EMA or SMA. Apart fro that, moving averages will give you an indication of when a move is losing momentum. Without an exit strategy, you'll get out too early, or you'll get out too late much of the time. Friendly advice
  • #585,178
  • Jan 18, 2012 6:27am Jan 18, 2012 6:27am
I have been long here 6 times in the past week.

weird.

(edit exaggeration - but this number keep coming up)
  • #585,179
  • Jan 18, 2012 6:29am Jan 18, 2012 6:29am
Quoting cat
Anyone will tell you, knowing where to get out is way harder than knowing where to get in. You've gotta have an exit strategy and the dicipline to stick to it, otherwise this will always happen to you. Price normally hits key levels such as pivot points, key MAs such as the 200EMA or SMA. Apart fro that, moving averages will give you an indication of when a move is losing momentum. Without an exit strategy, you'll get out too early, or you'll get out too late much of the time. Friendly advice

So true. Frustrating because I do the same thing. Basically I have to have scalp positions and longer term positions. Truth be told though, any profit is good profit, right?
  • #585,180
  • Jan 18, 2012 6:29am Jan 18, 2012 6:29am
Quoting Nachiket
any idea why it fell ? bcoz this 40 pip move was violent.
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