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EURUSD

  • #638,501
  • May 2, 2012 12:23pm May 2, 2012 12:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: 42 support broken 05-02-12.gif Size: 19 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #638,502
  • May 2, 2012 12:23pm May 2, 2012 12:23pm
Quoting HDA
@pips-scout:

Remember I kept saying 3180 is the turning point and cloggie kept saying 31857. We hit it with momentum and we went down to the bottom of the battlezone.

This is where the bulls will try to stage a come back, but the writing is on the wall.

Just kept your eye on 3180 that is the turning point - cloggie would say 31857.

I know alot of traders tried...
I am holding my short! i want it to go down tp 3050 atleast!!
Hws you HDA?
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #638,503
  • May 2, 2012 12:27pm May 2, 2012 12:27pm
Quoting Avir
I like this one too
http://www.youtube.com/watch?v=O5UEZ...6&feature=plcp
LOL very good. this is good too.
Inserted Video
  • #638,504
  • May 2, 2012 12:28pm May 2, 2012 12:28pm
Quoting attila
I see an up day tomorrow. There was a strong momentum but we're still ranging, so anything is possible.. It depends what London will do with it, but if it gets stuck I would watch them shorts very carefully...

Edit: We fell off that h4 wedge but these things usually only go to the bottom of it...
Tomorrow is ECB rate decision day. What kind of an effect you guys think it makes?
  • #638,505
  • May 2, 2012 12:29pm May 2, 2012 12:29pm
NY not finishing strong, expect bear to continue...
  • #638,506
  • May 2, 2012 12:29pm May 2, 2012 12:29pm
Quoting Itrade24h
Hey friend, are you better of your accident?
Hey m8,

It's wasn't me that had that car accident... was HDA but anyway thank you for your concern...

Cheers,

Saint
  • #638,507
  • May 2, 2012 12:31pm May 2, 2012 12:31pm
wohoo.. the king of vodoo.. äh .. short is back as he see it's falling...

Cloggie - Stay strong my friend, I know you mean well and that you really care. Thanks for looking in on my trades while I was away. I know everyone is trying to figure out why the EUR dropped and running to the news etc etc. Like I have said before - its all in the charts.

I have completely ignored the market during my accident and my travelling and with patience, because the charts said to hold all shorts. I held - regardless of anything that was going on.

Keep up the good works Cloggie - Traders you can learn alot from Cloggie, forget about how he shares and focus on the lessons. In this business take nothing personal.

Tonyo524 - Stay Strong
Faller - I dont know what to say
Rattyo - Ahhh Rattyo, I dont know what to say
Infinitus - I dont know what to say

What a Day -

Traders Im Back

I Remain Short

Adjusting TP 1.3050

In this business of Forex we have to learn patience

I Remain Short[/quote]
failure is not an option.
  • #638,508
  • May 2, 2012 12:31pm May 2, 2012 12:31pm
Quoting Whistlepips
Tomorrow is ECB rate decision day. What kind of an effect you guys think it makes?
Watch what the price does BEFORE. I'm sure a janitor in the ECB building is buying a new TV tomorrow..
  • #638,509
  • May 2, 2012 12:31pm May 2, 2012 12:31pm
Quoting Saintpeter
Hey m8,

It's wasn't me that had that car accident... was HDA but anyway thank you for your concern...

Cheers,

Saint
Do you live in Portugal?Algarve?
  • #638,510
  • May 2, 2012 12:37pm May 2, 2012 12:37pm
Quoting Itrade24h
Do you live in Portugal?Algarve?
No m8, Portugal, Alentejo.

Saint
  • #638,511
  • May 2, 2012 12:38pm May 2, 2012 12:38pm
Quoting pips-scout
thanks for the appreciation.
I am wondering how to read the charts without any indy maybe just the pivots and supports.
How do traders work on the floor?
I would like to visit the LSE but it is now close to the public
@pips-scout:

Its all about the TFs

1m 5m 10m 15m -gives alot of noise
30m 1H - not that much noise but noise as well
4H 1D - Very very clear signals
3H - the sweet spot

Now based on a traders perference or style of trading he/she chooses the time frames that best suit them - so we cannot disregard any traders way or style of trading.

The strongest resistance and support are on the larger time frames and these you should always put on your chart regardless of which TF you are looking on.

WoW - So much to type

colour code them too - like daily support line you could colour blue, 4H Orange etc etc - that way you know what TF each colour corresponds for. This saves you the trouble of having to look between charts if you dont have multiple monitors and most importantly, When the market is moving really fast due to high volatility, alot of times we are stuck on one chart and not seeing whats happening on the larger TFs like the daily which is significant.

Always Always Always respect the 1D and 4H support and resistance levels -

I sharing this with you because I dont all use these TFs but Im explaining how to use them.

If you trade a large time frame then your SL must coincide based on that TF that you are trading. So the larger the TF the bigger the stop - then smaller the TF - the smaller the stop.

And for those who dont trade with stops - well - where's YODA - may the force be with them.
  • #638,512
  • May 2, 2012 12:38pm May 2, 2012 12:38pm
Quoting rudimente
wohoo.. the king of vodoo.. äh .. short is back as he see it's falling...

Cloggie - Stay strong my friend, I know you mean well and that you really care. Thanks for looking in on my trades while I was away. I know everyone is trying to figure out why the EUR dropped and running to the news etc etc. Like I have said before - its all in the charts.

[color=black]I have completely ignored the market during my accident and my travelling and with patience, because...
[/quote]

I think you are being silly there.
HDA has made it clear what he was doing with his trades.
Remember no money is lost till the trade is closed.
He is not a scalper.
  • #638,513
  • May 2, 2012 12:39pm May 2, 2012 12:39pm
Quoting attila
Watch what the price does BEFORE. I'm sure a janitor in the ECB building is buying a new TV tomorrow..
I will and I think they can still afford to buy it. Atleast for now.
  • #638,514
  • May 2, 2012 12:39pm May 2, 2012 12:39pm
Quoting Saintpeter
No m8, Portugal, Alentejo.

Saint
OHHH i had thought that you was a trader that live in Portugal and have a mentorship program that promotes in facebook
  • #638,515
  • May 2, 2012 12:41pm May 2, 2012 12:41pm
Quoting Whistlepips
I will and I think they can still afford to buy it. Atleast for now.


I meant, the info is known by the banks ahead of time..
  • #638,516
  • May 2, 2012 12:44pm May 2, 2012 12:44pm
Quoting HDA
@pips-scout:

Its all about the TFs

1m 5m 10m 15m -gives alot of noise
30m 1H - not that much noise but noise as well
4H 1D - Very very clear signals
3H - the sweet spot

Now based on a traders perference or style of trading he/she chooses the time frames that best suit them - so we cannot disregard any traders way or style of trading.

The strongest resistance and support are on the larger time frames and these you should always put on your chart regardless of which TF you are looking on.

WoW - So...
I think that trading on the larger time frame is the best option as it removes the risk of being hit by spikes by quite a lot.
I sit and watch the charts over every weekend and I am amazed on how well the larger time frame kind of respect the supports.
I am convinced that it is best to trade without the news as it is all in the charts, basically if I could read the chart well enough They would be telling me that they know that the news is coming so relax.
  • #638,517
  • May 2, 2012 12:45pm May 2, 2012 12:45pm
Quoting attila
I see an up day tomorrow. There was a strong momentum but we're still ranging, so anything is possible.. It depends what London will do with it, but if it gets stuck I would watch them shorts very carefully...

Edit: We fell off that h4 wedge but these things usually only go to the bottom of it...
@Attila:

We are in the middle of the battle zone - the bottom of the battle zone starts at 1.3110 - so lets see what happens, but patience is a virtue and my charts say to HOLD

Either way - lets both make money out of this and buy something nice.
  • #638,518
  • May 2, 2012 12:48pm May 2, 2012 12:48pm
Quoting attila


I meant, the info is known by the banks ahead of time..
Well I hope the janitor will have his TV anyways....
  • #638,519
  • May 2, 2012 12:48pm May 2, 2012 12:48pm
I think you are being silly there.
HDA has made it clear what he was doing with his trades.
Remember no money is lost till the trade is closed.
He is not a scalper.[/quote]

@pips-scout:

Focus on your trading - you are here to make money and learn, maybe even make a friend - who knows - but focus on your trading, your charts and learn as much as you can.
  • #638,520
  • May 2, 2012 12:50pm May 2, 2012 12:50pm
I think you are being silly there.
HDA has made it clear what he was doing with his trades.
Remember no money is lost till the trade is closed.
He is not a scalper.[/quote]
Ture
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
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