EURUSD

I share your thoughts.

But, there is a but. On occasions it passes through major resistances like a knife through butter. It always bouces back when I bet on continuation, higher the position, stronger the bounce. It passes through the resistance like a knife if I take chance of a bounce, again, higher the position stronger the move.

This bloody time, I am doing nothing until it makes a move and retraces back.

Hmmm... forget what I said if someone saw what was posted earlier...

Live Eur/USD rate from Oanda

1.3204 / 1.3219 Spread 15 pips

1.32235 @ xe.com

You said that you were going to open another bottle of vodka ................ please continue we are listening

Lolz, your advice sounded like this: suppose you broke 6 bones in an accident, are you gonna ask the surgeon to repair those bones one by one, a few weeks in between?

But yes Vodka sounds good ............ Always

No, 1.3210

Just see how tomorrow's open reacts. Good for those with brokers that trade immediately upon market open. I need to wait 3hrs

I recognize this. Happens to me all the time.
Even worse, it happens not even at resistance only, but also at support.

I'm watching a movie, name is "sex and death 101"

going down tomorrow.. French elections and then bam PMI, which i dont expect too horrid since Germanys data recently..

however if it does run ill exit my DX long.. and then wait for the euro to top out around 1.328-.1.333 and find an entry somewhere around there.

Spread is pretty wide.. 15 pips as mentioned above

Waiting patiently for the market to resume for business.

Before & After and After and After and ..afffffff

Really........ im off down the beach hours yet until market goes live

forgot to upload ?

i do agree with your points on graph.

Opps here.

Oops?

I've joined this forum because of a basic human need to connect. I'm not interested or expect to learn anything useful from here. I know my stuff and I'm profitable already. I'm happy enough to see many posters joking or making a views, which I find entertaining and sometimes bring a smile to my face. That's all I really wanted.

The only way to be consistently profitable in this forex business is to have an objective trading rule to trade the market, and that the rule is back-tested to work for at least the past 3 years. An example of how it looks like will be: When 1 hour RSI crosses 70 marks, and 1 minute RSI crosses 30 marks from above, buy, and vice versa. (I've not tested this though, just an example).

I'm not selfless enough to share what I know, just sharing what I like to share, so please don't ask.

Unfortunately, there are some posters who are not ready to share what they know, or lacks an objective trading rule, but are too eager to point out faults of others, or simply make insulting statements or bragging about their "cool" results. May I remind that it serves no purposes at all, except to cause hurt to others.

I've been banned once, for insulting back, then I realize that it is not my purpose to be here, so now, I just add insulting posters to my ignore list, which results in a very entertaining forum, without the insults. Can't even see their remarks when it's requoted, how cool!

I like to take a view from the 4 hourly chart. It makes me calm irregardless of what is happening with the price actions, knowing well in advance what to expect. I always trade with a view, a view for the days or hours ahead, enough for me to make a trade is enough.

Last Friday, price was rather "bullish", and some even call it "short squeeze". I would have expected a squeeze to be at least 200 pips.. .still, it was unexpected that it can test such high levels of close to 1.323.

The cloud has formed the right pattern for a bearish move, until such time when the cloud changes to support a bullish view, I'll advise caution on taking a long in such circumstances.


http://i40.tinypic.com/i52ie1.png

Like a catapult getting ready to shoot, the further it pulled, the further it shoot, unless it snapped

Good luck!