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  • #588,461
  • Jan 26, 2012 4:26am Jan 26, 2012 4:26am
Quoting mercy seat
Short entry at 1.31642 again ...

Time 10h53 CET




;-|

please ur target please?
"We can't predict the future.But we can create it."
  • #588,462
  • Jan 26, 2012 4:27am Jan 26, 2012 4:27am
Sell @ 1.3155, TP 1.2991
  • #588,463
  • Jan 26, 2012 4:29am Jan 26, 2012 4:29am
Quoting dchristi
Reason for shorting here...

Love the colurs on your chart...

Just printed it off on A3 size and I'm gonna roll a big bifta and sit there all day looking at it.....

  • #588,464
  • Jan 26, 2012 4:30am Jan 26, 2012 4:30am
sell 1.3165 tp - 1.3070 sl 1.32
  • #588,465
  • Jan 26, 2012 4:31am Jan 26, 2012 4:31am
Quoting pips.hunter
please ur target please?
#588396

2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #588,466
  • Jan 26, 2012 4:32am Jan 26, 2012 4:32am
Quoting wormboy
And it went higher. Simples.

Next major resistance is at 3370 level. But, I am clearing all positions off the table for profit to close this trading month.

It's nowhere bearish yet, positioning for a sell here before the D1 turns is just like pissing in the wind. Don't do it.

Charts posted previously:
http://www.forexfactory.com/showthre...59#post5326659

Good luck to all.

LOL last time I didn't have the dam rainsuit either....truer words were never spoken....
  • #588,467
  • Jan 26, 2012 4:33am Jan 26, 2012 4:33am
Wow. All is very high. On daily chart EUR/USD touch high line at BB. This is chance to go down rapidly? It can be next mistake before big move to down? Similar big move high we saw in the move 1.42 and after very very long down.
  • #588,468
  • Jan 26, 2012 4:34am Jan 26, 2012 4:34am
Hey people. Any thoughts of how far it may go?
Attached Image (click to enlarge)
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #588,469
  • Jan 26, 2012 4:35am Jan 26, 2012 4:35am
Someone really supports euro, there is no fundamental for this upward move, but eventually it would retrace back below 1.30 next week
  • #588,470
  • Jan 26, 2012 4:35am Jan 26, 2012 4:35am
Quoting mercy seat
#588396


Hey Mercy, where do you get those thumbs up etc for add ons.
  • #588,471
  • Jan 26, 2012 4:37am Jan 26, 2012 4:37am
Quoting mercy seat
#588396

Please make me help to understand this table
"We can't predict the future.But we can create it."
  • #588,472
  • Jan 26, 2012 4:39am Jan 26, 2012 4:39am
Quote
Originally Posted by bzyqe http://www.forexfactory.com/images/buttons/viewpost.gif
Why everybody at this forum try yo play agains the trend. We have got very strong uptrend. Are shorts too risy now? Look at my orders.
'Cause ppl trading their beliefs not the market.
Yesterday showed how it could be.
Really ppl the momentum is bullish from M1 through D1.
Think twice b4 short atm.
  • #588,473
  • Jan 26, 2012 4:40am Jan 26, 2012 4:40am
Quoting Mr.C
Hey people. Any thoughts of how far it may go?

3204 is next target...that is the Wr2. After that, the next taget is 3279 area...that is the 100 MA on daily and Wr3. If bull stay in control, then 3462 is 50% fib of move down. Hope that helps.
  • #588,474
  • Jan 26, 2012 4:42am Jan 26, 2012 4:42am
Waiting for price to reach 1.3180s and then monitor its movement at that level for a while. If the price doesn't break 1.3200, there might be a good shorting opportunity.
'For the market to work, it needs people who think that they can beat it.'
  • #588,475
  • Jan 26, 2012 4:42am Jan 26, 2012 4:42am
Quoting Forexprofit
Someone really supports euro, there is no fundamental for this upward move, but eventually it would retrace back below 1.30 next week
Agreed, there was not any sky fall decision in last FOMC.
France stood twice, now who is moving it? Should not France again.
You cannot learn better without losing
  • #588,476
  • Jan 26, 2012 4:48am Jan 26, 2012 4:48am
shorts at these levels with 1.3225 sl.
targeting 1.2878.
Nice divergence on the make on 4h
  • #588,477
  • Jan 26, 2012 4:48am Jan 26, 2012 4:48am
Hello Friends!

i dont know if its right to ask this question here or not, but i really need help, i know about basics of forex Technicals, but i am unable to find a good system, can anyone help me to make a day trading system or can share anyone his own tested system?

Reply is highly appreciated

Thanks
  • #588,478
  • Jan 26, 2012 4:50am Jan 26, 2012 4:50am
guys, i feel a bit useless again today.. i don't know why i'm getting all so negative.

i watched the breakout and didn't click buy. i don't know what i was waiting for. now this rally high up there, i feel like buying at dip but there's fear again.... sigh

i'm supposed to be a happy trader, now i shall rename myself as nervoustrader
  • #588,479
  • Jan 26, 2012 4:52am Jan 26, 2012 4:52am
Quoting rhmn
Hello Friends!

i dont know if its right to ask this question here or not, but i really need help, i know about basics of forex Technicals, but i am unable to find a good system, can anyone help me to make a day trading system or can share anyone his own tested system?

Reply is highly appreciated

Thanks
http://www.forexlive.com/three-little-rules/
http://www.ritholtz.com/blog/2011/11...trading-rules/

Never fails

Since if you can't ask something like that here, you might need some basic knowladge
  • #588,480
  • Jan 26, 2012 4:54am Jan 26, 2012 4:54am
Quoting Mr.C
Hey people. Any thoughts of how far it may go?
Here's my two pence worth....

High 30 Oct 2011 1.42
Low 16 Jan 2012 1.26

A 38% retracement takes us back up to 1.34
A 50% retracement takes us back up to 1.32

Obviously lots of ups and downs inbetween but reasons are.

1) There is no way that the EU is going to let Greece default, (or a credit event be triggered) the whole pack of cards would come crashing down. If Greece leaves the Euro, Portugal, Spain, Ireland, and Italy would be at risk. If the euro collapses, the banks collapse, we would all be looking to stock your shelves with food and make sure you have enough guns and ammunition for the civil unrest
2) The FED has stated that intrest rates aren't going to rise and QE3 is on the cards, therefore no reason for $ to strengthen versus the Euro.
3) The move down from 1.43 in October 2011 to the January low is just a normal market move within a range, i.e. fear and greed move over extended on the low side, the retracement will happen.

Shoot me down guys if you don't agree with the above.


A 50% retracement takes us back up to 1.34
A 38% retracement takes us back up to 1.32
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