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  • #594,041
  • Feb 10, 2012 9:37am Feb 10, 2012 9:37am
after a 100 pip down dont think so fast to go long, watching the big screen and wait the good position to go long , yes missing some pips is possible but trade carry, dont forget times in two days 300 pip moves

AND GOOD WEEKEND TO ALL
" Accepting losses is the most important single investment devise "
  • #594,042
  • Feb 10, 2012 9:38am Feb 10, 2012 9:38am
Quoting sugarbelly
there will be a retest of the last low, to shake out all the weak holders, but from then on it's up again, after the weekend. Chill.

If you haven't got balls of steel and nerves alike, be smart.
I am totally with you on this one. Yes a retest and up it goes again.

Seems like London and US go against each other these days.
  • #594,043
  • Feb 10, 2012 9:39am Feb 10, 2012 9:39am
Quoting faizanmemon7
thx a lot....

i m holding my long position from 1.3302 and another position @ 1.3275

no short position....

damn stuck... hope eu will not fall more...
market has tendency to go up but didn't confirm it's way( no pure retrace)
so it keep having retrace of 50%( it require coming back and retest pure retrace point (38.2 and 61.8) before hitting it's target point.
last night movement showed same aspect and hit 50% again, so I have position of long to 100% of it's own cycle(up to 1.32815)

just my 2 cents opinion
  • #594,044
  • Feb 10, 2012 9:39am Feb 10, 2012 9:39am
Quoting forexripper
should not fall below today but be careful esp 3150 level if broken then more blood and upside for now should be around 3250. if 3250 broken then enjoy the ride till 3425

hop ethis helps.

always look at H1 price action and the way candle behaves.

shows u if it wants to go up or down. professional buyers at 3170-3190 area.

yeah hopping so that eu will not fall more as per technical view but as per fundamental cant say anything...

waiting to break resistance level....
  • #594,045
  • Feb 10, 2012 9:41am Feb 10, 2012 9:41am
Quoting freedom48
after a 100 pip down dont think so fast to go long, watching the big screen and wait the good position to go long , yes missing some pips is possible but trade carry, dont forget times in two days 300 pip moves
  • #594,046
  • Feb 10, 2012 9:42am Feb 10, 2012 9:42am
Look between 4th of october and 27th of october 2011, same thing happened on the 26th. test of the bullish flag support line. The day after that was way up. Maybe it will even gap up on monday.
  • #594,047
  • Feb 10, 2012 9:42am Feb 10, 2012 9:42am
NExt 1.3100 and then up. Bernake will pull the trigger. On Monday up.
  • #594,048
  • Feb 10, 2012 9:43am Feb 10, 2012 9:43am
Quoting ultra_knight
EU's new range is 3150-3200..

Close to 3200 book your losses...
cant book this huge loss.....
if eu breaks next support level then will open a sell position equal to buy positions...
instead of booking loss will make buy lots = sell lots...
  • #594,049
  • Feb 10, 2012 9:43am Feb 10, 2012 9:43am
real quick scan: 15th of march: happened again
  • #594,050
  • Feb 10, 2012 9:45am Feb 10, 2012 9:45am
Quoting faizanmemon7
thx a lot....

i m holding my long position from 1.3302 and another position @ 1.3275

no short position....

damn stuck... hope eu will not fall more...

buddy u should use stop loss....and probably go back to demo trading, dont waste your time with loosing money, u will blow account soon or later, hope is not good trading attitude
  • #594,051
  • Feb 10, 2012 9:47am Feb 10, 2012 9:47am
Market is only twice wrong at the top and at the bottom

Rest of the times it just follows the trend...

Always plan your entry, sl and tp.... as trading discipline ..

Bear flag set up and a further push to 3150 is likely
  • #594,052
  • Feb 10, 2012 9:52am Feb 10, 2012 9:52am
Quoting faizanmemon7
thx a lot....

i m holding my long position from 1.3302 and another position @ 1.3275

no short position....

damn stuck... hope eu will not fall more...
Running 100+ pips loss? Hope your position on that one is really small.

Are you actually gonna hold your trade over the weekend, if the Euro dollar doesn't make a big rally today?
'For the market to work, it needs people who think that they can beat it.'
  • #594,053
  • Feb 10, 2012 9:52am Feb 10, 2012 9:52am
Waiting some news from Greece i think, London close coming.
They think they are smarter than I am.
  • #594,054
  • Feb 10, 2012 9:53am Feb 10, 2012 9:53am
ben is speaking in 1,5 hours...

if there was not a friday i would buy some EURUSD now, he used to talk very USD bearish with QE hunger last times, so if another guys in HFs or banks think like this they could push price little higher
  • #594,055
  • Feb 10, 2012 10:08am Feb 10, 2012 10:08am
I wanted to see if anyone else made this trade. This to me is a perfect trade. a moving average cross and a retrace to exactly 50% and a full extension to the 1.618 target level. I might also add that the hourly support level was when the PA reversed. So What does anyone think. Are we heading up or down?
Attached Image (click to enlarge)
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  • #594,056
  • Feb 10, 2012 10:11am Feb 10, 2012 10:11am
Quoting freedom48
after a 100 pip down dont think so fast to go long, watching the big screen and wait the good position to go long , yes missing some pips is possible but trade carry, dont forget times in two days 300 pip moves

AND GOOD WEEKEND TO ALL
big screen says: SHORT
  • #594,057
  • Feb 10, 2012 10:12am Feb 10, 2012 10:12am
More convincement, this was 50% fib levl retrace, no sweat
  • #594,058
  • Feb 10, 2012 10:14am Feb 10, 2012 10:14am
i've got huge volume and jumpy price on 1 minute.
something is happening soon
.:: your stop loss is another trader's first target ::.
  • #594,059
  • Feb 10, 2012 10:15am Feb 10, 2012 10:15am
Quoting AlastorFate
Running 100+ pips loss? Hope your position on that one is really small.

Are you actually gonna hold your trade over the weekend, if the Euro dollar doesn't make a big rally today?

I think it is the beginning of reversal Trend, by looking at the current chart I am pretty bearish for next week.
  • #594,060
  • Feb 10, 2012 10:16am Feb 10, 2012 10:16am
Is anyone else MT4 platform down?
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