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  • #586,621
  • Jan 20, 2012 12:11pm Jan 20, 2012 12:11pm
Quoting Z3iz3i
I am waiting for thin markets to see if there is some sharks hiding to push this pair up.
I don't see a lot of up, but I've been wrong before..
  • #586,622
  • Jan 20, 2012 12:16pm Jan 20, 2012 12:16pm
Quoting Z3iz3i
I am waiting for thin markets to see if there is some sharks hiding to push this pair up.
I was about to say
There is only one right price.... what the customer is willing to pay !
  • #586,623
  • Jan 20, 2012 12:25pm Jan 20, 2012 12:25pm
silver rally
  • #586,624
  • Jan 20, 2012 12:37pm Jan 20, 2012 12:37pm
how do you recognize sharks?

I'm a newbie and I have learned quite a lot from this place in past 2 months at least in the beginning. not much to learn from EU thread lately though

to share a bit of my misfortunes, and this has happened a few times already this week... a couple of times I was in quite a huge unrealized win percentage but thought that I should 'let them run' on BE's or a few pips. of course my BE's were hit. plus, then I messed all up and ended in minus for the week. I will never again let them run. (I said that yesterday too)

have a great weekend
  • #586,625
  • Jan 20, 2012 12:39pm Jan 20, 2012 12:39pm
If prices drop to 1.28900 ill short for 50 pips, but from analysis it seems that we may be going up to the 1.31000 region.
  • #586,626
  • Jan 20, 2012 12:48pm Jan 20, 2012 12:48pm
Buy at 1.2808
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  • #586,627
  • Jan 20, 2012 1:13pm Jan 20, 2012 1:13pm
Quoting Cinder Man
Buy at 1.2808
buying at the top of a square... not my usual prefered methods
Have I got something on my face, SOLDIER?
  • #586,628
  • Jan 20, 2012 1:23pm Jan 20, 2012 1:23pm

- Take a look to the "Daily" Chart to determine the trend on the long run
- Take a look to the "1H" chart to determine the trend
- Take a look to the "15 minutes" chart to determine the trend on the short run

As my account is a very small account so focus on the short run chart and follow the trend with taking into consideration the latest news and the pending meetings.

Sell or Buy but with 3:2 risk that's to limit you loss, so you have to determine the stop loss point with each order, that's in order to minimize your loss if the trend will move against your order.

Be patient and respect your choice – order – as you built it depending on the charts and the news.

Make your order and just follow the news if the trend moved with you well you can increase your lots "pips"
Any one agrees with me if this is the strategy of a new trader on Forex?

Your reply is highly appreciated.

Best Regards,
Tamer

EUR/USD Trust your strategy
  • #586,629
  • Jan 20, 2012 3:16pm Jan 20, 2012 3:16pm
Quoting JeremyWS
EUR SHORTS RECORD HIGH now -160k. No short covering, just adding to shorts after speculative longs. Supply > demand for monday - http://www.dukascopy.com/fxcomm/fx-a...Trading&id=531

Jeremy.
I would not call the longs fake. I think they meant it. They moved the market up one level over the course of a 2 1/2 days. I have hard time believing they'll just give it all up because the retailers are short. Either way, there's a consolidation that needs to be built before the next move, be it up or down. and it seems it will go on around 2910.
  • #586,630
  • Jan 20, 2012 3:20pm Jan 20, 2012 3:20pm
Quoting ingmarforex
I think i start accumalating some longs
http://www.scribd.com/doc/77563224/T...ect-Jan-8-2012

bitches all risk free most off just some for evetually bt if it is true but still want that saucer thingy test will be the 1.3150s next week.

Inserted Video
  • #586,631
  • Jan 20, 2012 3:23pm Jan 20, 2012 3:23pm
Quoting ingmarforex
http://www.scribd.com/doc/77563224/T...ect-Jan-8-2012

bitches all risk free most off just some for evetually bt if it is true but still want that saucer thingy test will be the 1.3150s next week.

http://www.youtube.com/watch?v=eyUfJ...feature=relmfu
yeah, the usd moves down the first half of the year and then up again towards the end.... I was telling a friend all year long last year "don't short e/u before august".. lol
  • #586,632
  • Jan 20, 2012 3:28pm Jan 20, 2012 3:28pm
Quoting attila
yeah, the usd moves down the first half of the year and then up again towards the end.... I was telling a friend all year long last year "don't short e/u before august".. lol
All has to do with exports so long ben is on the bid dont fight him mutual fund flows also in the start. Have seen so many people getting fucked this week with the dax es etc all picking top all week saw even some poster here talking i short put half my equity on it etc lol now they will not be coming back. Just part of the game
  • #586,633
  • Jan 20, 2012 3:50pm Jan 20, 2012 3:50pm
Quoting ingmarforex
All has to do with exports so long ben is on the bid dont fight him mutual fund flows also in the start. Have seen so many people getting fucked this week with the dax es etc all picking top all week saw even some poster here talking i short put half my equity on it etc lol now they will not be coming back. Just part of the game
People think the euro is crippled. Actually I think that too, but it seems that has nothing to do with anything. It's all about commerce and the funds like you said.
  • #586,634
  • Jan 20, 2012 3:58pm Jan 20, 2012 3:58pm
Quoting attila
yeah, the usd moves down the first half of the year and then up again towards the end.... I was telling a friend all year long last year "don't short e/u before august".. lol

No, this is merely an overdue correction to perhaps the 1.3400 level. It will last at most a few more weeks.

As such, I personally will not be entering into ANY trades, long or short (short being the long-term trend still and always), until the next *significant* fundamental blow is dealt.

The euro had been falling without much retracement for quite a while. Don't mistake this temporary rally for a change in the long-term sentiment.

Bottomline, I'll be waiting (for however long it takes) for the next sign that the bearish trend will continue.
  • #586,635
  • Jan 20, 2012 4:00pm Jan 20, 2012 4:00pm
Quoting kibescorp
No, this is merely an overdue correction to perhaps the 1.3400 level. It will last at most a few more weeks.

As such, I personally will not be entering into ANY trades, long or short (short being the long-term trend still and always), until the next *significant* fundamental blow is dealt.

The euro had been falling without much retracement for quite a while. Don't mistake this temporary rally for a change in the long-term sentiment.

[b]Bottomline, I'll be waiting (for however long it takes) for the next sign that the bearish trend will...
Well, I have to trade intraday, and that's what I'll probably do. I'm not an investor, I'm a speculator and proud of it..
  • #586,636
  • Jan 20, 2012 4:10pm Jan 20, 2012 4:10pm
I wonder how the price is going to play us next month !!!
  • #586,637
  • Jan 20, 2012 4:31pm Jan 20, 2012 4:31pm
Quoting JeremyWS
EUR SHORTS RECORD HIGH now -160k. No short covering, just adding to shorts after speculative longs. Supply > demand for monday - http://www.dukascopy.com/fxcomm/fx-a...Trading&id=531

Jeremy.
I think you missinterpret this. Shorts on record high means that there is hardly anyone left who is willing to sell so in this point of view supply (selling more) is low or limited more and more and demand (buy) is growing, more and more are willing to buy.
Plus you have to take into consoderation that those times when shorts or longs are in record high then PA could surprise you. Imagine just a few pips movement from a certain level and hundreeds if not thousands of short stops will be triggered and as such turned into a new demand (buyer). Then this will skyrocket the price which will trigger more and then more and so on... or with other word short squezze. Like when you walk on a mine field you step on one you blow up yourself then your body has been dropped to an other one which also blows and then your body has torn appart and your left side will fall on one on the left side your right side will fall on one on the right side so even more will be triggered and so on.
It sounds massacre but you have to picture it exactly as it is.

I did not tell that this will happen next week. I just told you this COULD happen so... carefull.
'You must be the change you wish to see in the world' . Gandhi
  • #586,638
  • Jan 20, 2012 4:53pm Jan 20, 2012 4:53pm
Quoting attila
People think the euro is crippled. Actually I think that too, but it seems that has nothing to do with anything. It's all about commerce and the funds like you said.
i dont think so i like always to think the oppsoite anyways.

Also the project costed way to much money aint gonna happen from my viewpoint but like i sayed i am a contrarian.
  • #586,639
  • Jan 20, 2012 5:23pm Jan 20, 2012 5:23pm
Tofay has confirmed to me we are in an uptrend, euro heading to 1.35 to 1.40 I reckon, I am long from here
  • #586,640
  • Jan 20, 2012 5:40pm Jan 20, 2012 5:40pm
Why am i short?

H4 shows candlestick reversal at 1.2985, making the downward andrew pitchfork still valid as price was rejected off the upper trendline and also at fib 62

Remember we are still in a bear trend, counter trending is a risky move even more so with the PA on H4
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