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EURUSD

  • #611,781
  • Mar 19, 2012 2:22pm Mar 19, 2012 2:22pm
You're right ...never committed to short or long ..
try to go with the trend .... If it move against you so fast..
Let's it go ....

I didn't learn that lesson today .... losing - 140 pips


Quoting kuroro001
Market ain't slow.

And in my opinion try to look at both side of the market instead of shorting it only.

I don't know nothing about trendlines, because it's really hard to draw them, only horizontal support/resistance seem to work for me.

But by the look of your trendlines, it's like you take a short, then draw some lines after taking that short, that's why your earlier short didn't work out very well

And on your earlier short, you said we had to go long if it broke the upper trendline...why didn't you go long ? you could have taken an easy...
  • #611,782
  • Mar 19, 2012 2:29pm Mar 19, 2012 2:29pm
sorry man you are wrong..when i opened yesterday 1.3180 short the trend line i drawn is not broken, when its broken i closed my trade around 5 pips and opened a long from there. i got 62 pips..see the trends always changing am not long trader..
Quoting kuroro001
Market ain't slow.

And in my opinion try to look at both side of the market instead of shorting it only.

I don't know nothing about trendlines, because it's really hard to draw them, only horizontal support/resistance seem to work for me.

But by the look of your trendlines, it's like you take a short, then draw some lines after taking that short, that's why your earlier short didn't work out very well

And on your earlier short, you said we had to go long if it broke the upper trendline...why didn't you go long ? you could have taken an easy...
follow the flow of music $
  • #611,783
  • Mar 19, 2012 2:36pm Mar 19, 2012 2:36pm
am also trusting my trendlines...i dont think my trendlines written always right but todays its worked good.also am trying to make new trendlines according to the new time frames...
Quoting aarontdang
You're right ...never committed to short or long ..
try to go with the trend .... If it move against you so fast..
Let's it go ....

I didn't learn that lesson today .... losing - 140 pips
Attached Image (click to enlarge)
Click to Enlarge Name: euro1 hr.jpg Size: 173 KB
follow the flow of music $
  • #611,784
  • Mar 19, 2012 2:40pm Mar 19, 2012 2:40pm
Quoting ganam
sorry man you are wrong..when i opened yesterday 1.3180 short the trend line i drawn is not broken, when its broken i closed my trade around 5 pips and opened a long from there. i got 62 pips..see the trends always changing am not long trader..
Okay then my bad...and well done
COT: The precious data ignored
  • #611,785
  • Mar 19, 2012 2:43pm Mar 19, 2012 2:43pm
these all are i learned from you friends only .., when i started in FF am a scalper only now little learned ,thanks to Mr.kill56, trying to trade from trendlines and indicators
Quoting kuroro001
Okay then my bad...and well done
follow the flow of music $
  • #611,786
  • Mar 19, 2012 2:49pm Mar 19, 2012 2:49pm
Price so far has been unable to close above 1.3250 on the hourly chart.
  • #611,787
  • Mar 19, 2012 2:52pm Mar 19, 2012 2:52pm
i think there may be more selloff..euro will go down
follow the flow of music $
  • #611,788
  • Mar 19, 2012 2:54pm Mar 19, 2012 2:54pm
where its heading any ides?
Quoting 2+2=4ex
Price so far has been unable to close above 1.3250 on the hourly chart.
follow the flow of music $
  • #611,789
  • Mar 19, 2012 2:56pm Mar 19, 2012 2:56pm
Quoting ganam
i think there may be more selloff..euro will go down
Volume decreasing now after a nice move up. Price was unable to sustain and close above 1.3250 during busy hours. Usually there is a bit of a drop when this happens.
  • #611,790
  • Edited 3:15pm Mar 19, 2012 2:58pm | Edited 3:15pm
Quoting ganam
where its heading any ides?
The only thing is it looks like we may be at a support right now, the March 5th high. If that gives way though I feel good about 1.3200 which is a good 30 pips or so.
  • #611,791
  • Mar 19, 2012 2:59pm Mar 19, 2012 2:59pm
Quoting ganam
market is slow, its my new trend line..need to broke for further high ..other wise expecting down trend
Exactly same view here
and this trendline are stronger than the other one...
I`m short on both lines whit sl on the broke of the upper line...
  • #611,792
  • Mar 19, 2012 3:03pm Mar 19, 2012 3:03pm
no more news / charts from friends..all are out from the FFam also getting sleep ZZZZ
follow the flow of music $
  • #611,793
  • Mar 19, 2012 3:20pm Mar 19, 2012 3:20pm
Due to the WAY the daily chart descended last week and bounced strongly on Friday, my bias, after a short rejection around 1.33, remains to the upside. I am unable to see a H&S formation forming next, as I am unable to see what could change my bias for the moment. Future candles need to be drawn before finding new reasons…As of now, I am in favor of some shorts at the green zone, then looking to unload for a break above. Good luck and trade safe!

Attached Image (click to enlarge)
Click to Enlarge Name: genuinelyFX_2012.03.19_eurusd_h4[2].jpg Size: 186 KB
charting the euro...
  • #611,794
  • Mar 19, 2012 3:25pm Mar 19, 2012 3:25pm
Quoting ganam
no more news / charts from friends..all are out from the FFam also getting sleep ZZZZ
good idea
More on my Blog...
  • #611,795
  • Mar 19, 2012 3:31pm Mar 19, 2012 3:31pm
I guess Phoenix MGMT was on to something judging by how quickly his post was deleted...
  • #611,796
  • Mar 19, 2012 3:38pm Mar 19, 2012 3:38pm
Quoting Likerty
And your targets is..?
1.3305 ?
1.335x ?

Much higher. New highs to be made.

There's absolutely no reason to be pulling out of long positions right now ... or entering into shorts.

People need to quit trying to call tops in an uptrend and anticipate a plummet that isn't going to happen.

In addition, people need to realize that markets rarely react as expected to news releases. Everything is either already priced-in long before the actual release of data (at which point the reaction is either muted, or there is an opposite, contradictive movement) or completely ignored by the market.

Understanding and identifying market sentiment is the only sure way to ensure consistent profits. Charts and indicators don't mean crap.
  • #611,797
  • Mar 19, 2012 3:45pm Mar 19, 2012 3:45pm
Quoting kibescorp
Much higher. New highs to be made.

There's absolutely no reason to be pulling out of long positions right now ... or entering into shorts.

People need to quit trying to call tops in an uptrend and anticipate a plummet that isn't going to happen.

In addition, people need to realize that markets rarely react as expected to news releases. Everything is either already priced-in long before the actual release of data (at which point the reaction is either muted, or there is an opposite, contradictive movement) or completely ignored by the...
Isn't market sentiment always subjective in some way? As all the other things about the market because of many participants any many different bias at same time?
Even all mighty goldmansachs makes losses..
69
  • #611,798
  • Mar 19, 2012 3:50pm Mar 19, 2012 3:50pm
Quoting kibescorp


Understanding and identifying market sentiment is the only sure way to ensure consistent profits. Charts and indicators don't mean crap.
you are right: knowing the market sentiment is the key!

BUT..

in my view, market sentiment it's something if you are on a hedge trading floor or in a bank executing orders for clients...there you will know exactly what's is 'market sentiment'.

For rest of us who cant reach in those sky's..charts on higher TF are best indication about not where market is going but when to enter! with time , you can gain experience

PS: we need to react with market not to try to anticipate it! at least not so hard!
fokyou forexfactory
  • #611,799
  • Mar 19, 2012 3:50pm Mar 19, 2012 3:50pm
Quoting genuinelyFX
Due to the WAY the daily chart descended last week and bounced strongly on Friday, my bias, after a short rejection around 1.33, remains to the upside. I am unable to see a H&S formation forming next, as I am unable to see what could change my bias for the moment. Future candles need to be drawn before finding new reasons…As of now, I am in favor of some shorts at the green zone, then looking to unload for a break above. Good luck and trade safe!

Attachment
I really don't know what daily chart are you looking at, but there is a PERFECT H&S on my daily chart and triangles has nothing to do with H S btw .. And after all head and shoulders is just a Shampoo nothing more and the chart clearly says why ;;;;
Attached Image (click to enlarge)
Click to Enlarge Name: 33.gif Size: 31 KB
  • #611,800
  • Mar 19, 2012 4:10pm Mar 19, 2012 4:10pm
Quoting kibescorp

Understanding and identifying market sentiment is the only sure way to ensure consistent profits. Charts and indicators don't mean crap.
very much true
'You must be the change you wish to see in the world' . Gandhi
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