EURUSD

Context:

First set GBP/USD

Second set EUR/USD

Last set combined high/low of EUR and GBP

The numbers suggesting we will continue the upward movement this week.

Whats the consensus today guys?


2011.12.201.569981.5492
2011.12.211.577381.5646
2011.12.221.57271.5648
2011.12.231.570671.5579
2011.12.261.56451.56219
2011.12.271.570021.55953
2011.12.281.5691.54398
2011.12.291.54751.536
2011.12.301.5571.53995
2012.01.021.55391.5467
2012.01.031.566881.54989
2012.01.041.566731.5578
2012.01.051.56281.5466
2012.01.061.55241.53743
2012.01.091.546861.5394
2012.01.101.54991.5445
2012.01.111.549041.5308
2012.01.121.536641.5277
2012.01.131.54071.5233
2012.01.161.535051.5274
2012.01.171.54021.5308
2012.01.181.54411.5326
2012.01.191.549191.5414
2012.01.201.55771.5449
2012.01.231.560161.5515
2012.01.241.562541.5531
2012.01.251.56771.5534
2012.01.261.57331.5647
2012.01.271.57391.564
2012.01.301.573381.5652
2012.01.311.579541.5696
2012.02.011.58811.5705
2012.02.021.585721.57949
2012.02.031.586031.57496


2011.12.201.313061.29916
2011.12.211.319761.30246
2011.12.221.311791.30158
2011.12.231.309511.30252
2011.12.261.307361.30506
2011.12.271.308271.30418
2011.12.281.307911.29113
2011.12.291.296361.2857
2011.12.301.299751.29031
2012.01.021.296981.29159
2012.01.031.307581.293
2012.01.041.307181.28967
2012.01.051.294541.27698
2012.01.061.281151.26968
2012.01.091.278431.26651
2012.01.101.281721.27415
2012.01.111.278871.26617
2012.01.121.284351.26982
2012.01.131.287721.2626
2012.01.161.268651.2625
2012.01.171.280661.26481
2012.01.181.286681.2733
2012.01.191.297051.2839
2012.01.201.298491.28889
2012.01.231.305141.28744
2012.01.241.306161.29525
2012.01.251.311931.29299
2012.01.261.318271.30892
2012.01.271.323291.30766
2012.01.301.322621.30762
2012.01.311.321241.30421
2012.02.011.321691.30251
2012.02.021.319561.30849
2012.02.031.320161.3155

2011.12.202.883042.84836
2011.12.212.897142.86706
2011.12.222.884492.86638
2011.12.232.880182.86042
2011.12.262.871862.86725
2011.12.272.878292.86371
2011.12.282.876912.83511
2011.12.292.843862.82170
2011.12.302.856752.83026
2012.01.022.850882.83829
2012.01.032.874462.84289
2012.01.042.873912.84747
2012.01.052.857342.82358
2012.01.062.833552.80711
2012.01.092.825292.80591
2012.01.102.831622.81865
2012.01.112.827912.79697
2012.01.122.820992.79752
2012.01.132.828422.78590
2012.01.162.803702.78990
2012.01.172.820862.79561
2012.01.182.830782.80590
2012.01.192.846242.82530
2012.01.202.856192.83379
2012.01.232.865302.83894
2012.01.242.868702.84835
2012.01.252.879632.84639
2012.01.262.891572.87362
2012.01.272.897192.87166
2012.01.302.896002.87282
2012.01.312.900782.87381
2012.02.012.909792.87301
2012.02.022.905282.88798
2012.02.032.906192.89046

Problem is you still have to execute the method. Research shows that people that suffered a brain injury affecting their emotional centers, when put in the middle of the cereal isle, they can't make a decision (granted that's a hard decision to begin with, lol). One can not make decisions without emotions. No matter the method you will always be somewhere on the confident/not confident spectrum and you still have to make a judgement call.

i feel like i'm in a doctor's office... wtf? :o

Rather psychologist

There is something called Psychological Capital. Ignore it at your own risk.

i don't ignore , i am a good student after all bro

Very few people realize trading is 90% mental and 10% everything else, but I'm probably challenging too many's belief systems here. Besides, time's up. GL all.

of course you not the first one and i am not the second but i am the hard believer of your thought

well , I was referring to excessive greed , fear , panic , anger etc specifically rather than the use of emotional function in general -- anyways ... nay bother

yes -- this from Linda Raschke ( Veteran trader whose hedge fund is in the top 2% )

"In order to be profitable, you must learn how to win the real game: the mental side of the
business. This includes recognizing the importance of having a game plan, the incredible
role that patience plays (waiting for conditions to be just right before entering a trade),
and the tremendous amount of mental fortitude it takes to endure the slow times.
Trading is not an intellectual game. You can’t “out-think” the market. Analyzing and
predicting the markets is not nearly as important as learning how to react to what the
markets actually do. Stay involved in the process of making the right decisions at each
moment, and let go of worrying about the outcome. Take each trade one at a time and
manage it to the best of your ability at that moment. Trust your judgment.
Hard work is required to win. It is hard work preparing your game plan each and every
day and putting in the necessary time to study the markets’ actions. Determine the overall
market environment and whether it favors your play. Then make your forecasts based off
the current price swings, not what you think the market ought to do.
It is hard work to stay focused and push aside all the distractions that try to come between
you and success. Concentration, routine, and ritual are the most powerful tools at your
disposal to help ward off distractions and eliminate the emotions and anxieties that hinder
good performance. To win and win consistently is hard work. Otherwise, everyone would
be a winner in the markets and that’s obviously not the case"

I agree...And then there will be no cab drivers....

going good man....good .....what a answer

lot of tweets about greek default

#Greece

Live TV http://www.livestream.com/stopcartel...medium=related

I always used to believe that there were essentially two ways by which to arrive at a decision - namely either by logic or by emotion. However, since I started trading, although I have tended to try and leave out the emotion, there is a third factor - GUT INSTINCT. Sometimes there is a battle between logical thoughts and my gut instinct and the latter usually wins.

1.31 holding its own for the EUR today.

I'm watching the Oanda ticker and we keep bouncing there.

Why price is below 1.31 ?
There is a special reason ?

see

Zero numbers often present a pivotal point opportunity or psychological barrier that is tradeable.

Yeah, euro is worth less than shit, we're gonna see parity in a few hours!

greek debt talks to continue tomorrow