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EURUSD

  • #595,741
  • Feb 15, 2012 11:33pm Feb 15, 2012 11:33pm
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  • #595,742
  • Feb 15, 2012 11:35pm Feb 15, 2012 11:35pm
Quoting kibescorp
The last few days have been the correction. Now it should resume its ACTUAL trend (up).
Naaaa.... May be till 3080.... Not beyond that. Wait for an short entry around that area. However, it all depends on how the price moves.

Need to listen to Benny too.
  • #595,743
  • Feb 15, 2012 11:35pm Feb 15, 2012 11:35pm
Soon spike through Chinese market high at last minutes.

Then working on test yesterday's NY and London close upside.
They think they are smarter than I am.
  • #595,744
  • Feb 15, 2012 11:38pm Feb 15, 2012 11:38pm
Quoting voltagetoe
I think that it would take very sad news to make it fall further. Longs taken. TP somewhere around 3090.
Like the fact Greece will default if they don't get a payment or the fact that the Feds have no intention of QE3. The way I see it, the news always fits the trend.
  • #595,745
  • Feb 15, 2012 11:44pm Feb 15, 2012 11:44pm
Quoting NoobJJ
Thanks for the advice
I will adjust my trading habbit with your suggestion!
Additional question..If my capital is not big(say, $10000)..should i adjust my SL to 30-40 to avoid a substantial loss?

and I would really like to know why volume matter less in forex when compared to stocks
No ... has nothing to do with acc size ...

You have to adjust your leverage to a convenient level then ...

Always keep enough gun powder dry ...

You should be able to re-enter with 5 to 10-times amount of previous entries even then - when you are more than 50 - 100 pips under water ...

That would be best then - in order to keep your master plan alive ...

Your finance service should provide some convenient order size steps for such procedures ...

In best case you do have no up-size and no down-size limitations or restrictions ...

The less restrictions ... the better for you ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #595,746
  • Feb 15, 2012 11:47pm Feb 15, 2012 11:47pm
Quoting Z3iz3i
Soon spike through Chinese market high at last minutes.

Then working on test yesterday's NY and London close upside.
Looks like it's about coming timed at London open.

Juncker's news yesterday evening should delight a bit european traders and investors.
They think they are smarter than I am.
  • #595,747
  • Feb 15, 2012 11:48pm Feb 15, 2012 11:48pm
Quote
and I would really like to know why volume matter less in forex when compared to stocks

Volume matters, the problem is that on MT4 you can only follow your broker volume not the real market volume.

Using volume to trade futures is amazing and easy, too bad it is not currently possible in forex.
  • #595,748
  • Feb 15, 2012 11:48pm Feb 15, 2012 11:48pm
So... time to buy?
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.jpg Size: 107 KB
  • #595,749
  • Feb 15, 2012 11:53pm Feb 15, 2012 11:53pm
Quoting Mr.Sabah
So... time to buy?
Khhmm, what is that indicator that places those arrows ? Doesn't look laggy in that screenshot.
  • #595,750
  • Feb 15, 2012 11:53pm Feb 15, 2012 11:53pm
Quoting seanpark
non experienced traders are killed by big foot....
1.3023 1.2990 hazard zone
stay away .will have plenty chance.....
Hey bro,

Hope you are doing good. I am looking at you charts and seems like you are more like becoming an expert Great !!!

And we both almost have similar thoughts. Even i have planned to stay away in the current range. May be i'll go for a small short @ 3080.
  • #595,751
  • Feb 15, 2012 11:55pm Feb 15, 2012 11:55pm
Quoting fxkiller
GBPUSD*
  • #595,752
  • Feb 15, 2012 11:55pm Feb 15, 2012 11:55pm
Quoting Mr.Sabah
So... time to buy?
I dont recommend a long position. Go for a short if it goes little higher (3080). May be i'm wrong. Just my opinion.
  • #595,753
  • Feb 15, 2012 11:56pm Feb 15, 2012 11:56pm
Quoting mercy seat
No ... has nothing to do with acc size ...

You have to adjust your leverage to a convenient level then ...

Always keep enough gun powder dry ...

You should be able to re-enter with 5 to 10-times amount of previous entries even then - when you are more than 50 - 100 pips under water ...

That would be best then - in order to keep your master plan alive ...

Your finance service should provide some convenient order size steps for such procedures ...

In best case you do have no up-size and no down-size limitations or restrictions ...

The...
mercy seat,

From what I know you keep adding long position since yesterday. May I ask you what is your average price for all your long open position on EU?

best regards,
Higuain
  • #595,754
  • Feb 15, 2012 11:59pm Feb 15, 2012 11:59pm
My yesterday target of 3050 got hit. Now waiting for more moves. Not a clear breakout for me now. Downside can bring us to 2950-2930, but this will be not easy. Buyers will spoil the eurusd and gbpusd.

So mostly today can be ranging again
Attached Image
  • #595,755
  • Feb 16, 2012 12:06am Feb 16, 2012 12:06am
London just tested downside i believe.
They think they are smarter than I am.
  • #595,756
  • Feb 16, 2012 12:06am Feb 16, 2012 12:06am
I think so the jump to higher will be, but it stop between 1.31-1.3130. And after will be big chance to go lower - 1.29-1.2950 or on the low near the 1.26?
  • #595,757
  • Feb 16, 2012 12:07am Feb 16, 2012 12:07am
Quoting Higuain
mercy seat,

From what I know you keep adding long position since yesterday. May I ask you what is your average price for all your long open position on EU?

best regards,
Higuain
Currently it is at 1.3005 ...

I do always play with the BE ...

Means I gave some back to the mkt at higher levels ... i.e. 1.3025 etcetera ...

And re-load later at lower levels again ...

Never forget to take some partial profits at convenient levels ...

And keep on being active ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #595,758
  • Feb 16, 2012 12:09am Feb 16, 2012 12:09am
Perfect equidistant down channel on the M15 so far ... but strong resistance expected at 1.3000. Which way to jump?
  • #595,759
  • Feb 16, 2012 12:09am Feb 16, 2012 12:09am
Got my eyes on 1,3045 now....and if broken it's heading to 1,307x.

Let's see if they want to retest the low or not
COT: The precious data ignored
  • #595,760
  • Feb 16, 2012 12:13am Feb 16, 2012 12:13am
Guys ... we must be aware ... that mkt can slide towards 1.2950 area in an extented downmove ...

That represents aprox. daily pivotal sup 2 ...



Use this in addition to watch current situations on pivotal approach ...



http://www.actionforex.com/markets/p...tmpl=component



Daily Pivots are the Master Keys ...

But you have got some 4-hour pivots in addition there ...

The longer you observe - the better you will do it ...



2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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