EurAnalysis

Thanks Scott

http://oi44.tinypic.com/359k4kj.jpg

Hi Knoholygrail!

I thought you traded much like piptrapper?

http://www.forexfactory.com/showthre...er#post5218147

Hi Fiz, Welcome .. islamic accounts are different than normal, you will have different SWAP tables and all. eToro supports islamic acct you may try fxopen as well, old and good experience so far ... try reading the account plans before you open account. eToro is not recommended since you miss all the Trading options there and it give you more Gambling feeling than Trading..since my first acct was also with eToro ...

Consider few things like.

1. Easy Payment / Withdrew option.
2. Live Chat support
3. Rebate / Interest earn on deposit even if u dont trade.
4. Earning Rebate with your each lot trading.
5. Broker Background.
6. SWAP Rates.

Hope this helps.

I used to trade by buying or selling and holding. Since 2008 that has not been a good strategy. My EDGE is my understanding what moves the currencies and when. I am not afraid to take a calculated risk using my knowledge and trading experience.

I pointed out earlier this morning as my posts will show that EUR/JPY as a leading indicator was moving up. I waited to short EUR/USD and I did near the top. When you understand money flow and correlation you do not get head faked by just using the charts which can give you a false sense of knowing. It is more like guessing and gambling.

The only thing that anyone here should focus on is how much money do you make each day.

Whatever method that anyone uses is good if you have profits each month.

One more time here is my trading style and IT WORKS for me.

I always USE a Trade Plan...

I always know why I put on a trade and where I will be Stopped out and that is called Risk Management.

I am not afraid to take profits 25 times a day by scalping.

When you KNOW why EUR.USD is going up and how high most likely it is easy to go short with good confidence.

There is trading pattens as well. There is the start of each trading zone. There is fundamentals. There is Risk events. There is money management. I hope that helps understand my trading style. I trade differently from PipTrapper however our fundamentals are similar however our trading style is not.

I win usually over 75% of all my trades without risking more than 5% of my capital on any one trade Plan.

I watch Risk On and Risk Off. I use Correlation and I use good entry and exit and the charts are only a guide and not my holy grail. It works for me and that is all that counts.

North American Retail traders come on board near 6:00 AM EST...

Then more at 7:00 AM... Then CNBC at 7:00 AM with experts talking... Then news at 8:30 AM then 9:30 AM Market open and MONEY FLOW and 10:00 AM Option Expiry... Then Europe close of markets at 11:30 AM EST and then BYE BYE Europe at Noon and FED meeting and Greece and Obama State of Union tonight...

I think you now understand. Have a great trading day.

http://globaleconomicanalysis.blogsp...l-history.html

My Call on the Trend is DOWN and it is my call only. The Trend is your friend. Risk management protects my friend. Greece is toast and there is more bad news ahead than good.

I am off for breakfast now and I hand the football back to our Number One Quarterback Go Team !!!

This is just the beginning. You haven't seen anything yet.

the eur/usd is moving range because today was a lot of news for the euro? cuz yesterday made a nice trend and today...bang!!!?

Not a word in the financial market dictionary.

Most brokers support this. Check with the big ones.
Oanda Europe
Dukascopy Switzerland
Alpari UK
FXCM UK
FXDD Malta
IBFX Australia

No.6 on this link offers a nice definition:http://www.urbandictionary.com/define.php?term=hope

hang in there red. Today is indecisive whipsaw day so far. Wait till NY open.

haha. Nobody trades like me

Kno is in and out quick. Takes little bites here and there and never lets a trade go against him. That's scalping.

I hold my positions for ages, even when they go underwater, I wait till my profit target is hit and 500 pip draw downs don't scare me. I have occasionally taken a loss on draw down but it's quite rare. If it appears that a losing trade will not recover, I open a rescue position and average out. That's swing and position trading.

Excellent advice.

Ha Ha I like that

HOPE: The delusion that your situation is not as objectively bad as it is.

Technical Significance
1.3146 55-Day MA
1.3123 21-Day Upper Bollinger
1.3120 Daily High Dec 22 2011
1.3084 Daily High Dec 27 2011
1.3015 10:40 GMT TUE 24 JAN
1.2985 Hourly Low Jan 24
1.2870 21-Day MA
1.2854 Daily Low Jan 23
1.2840 10-Day MA
Position Target Stop
LONG 1.3200 1.2875

The pair continues to edge towards the 21 day upper bollinger band (1.3123) with the 55 day MA lurking just above at 1.3146. Intraday price has bounced from 1.2985 and is rallying back towards yesterday's 1.3053 highs. Daily charts retain a bullish bias for now but be aware of overbought levels tested here. Flat failures for profit. (AS)

The truck that just ran over the euro bulls was….
Written by Gerry Davies
January 24, 2012 at 09:54 GMT

A large US hedge fund apparently. Source notes they sold “a truckload of euros”

We’re all the way down at 1.3000.

UPDATE: Seems order was executed by two UK clearers. Hedge fund’s name rhymes with snore No t-shirt prize for right guess though

Or more eloquently put, Hope is the fruitless denial of the more realistic pessimism.

Which I believe will be the immediate outcome after Greece reaches some sort of deal then the realistic pessimism manifests its way back into the market and we're back down at 1.25 after loading the shorts at 1.32 and 1.3380 if needs be!

bearish on euro

we need to consider snb also...since euro swiss is below 1.2060....

snb will intervene with buying alot of euro...should be carefull...

just a reminder for u all

Scalping Model M5...