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EURUSD

  • #645,441
  • May 21, 2012 1:40pm May 21, 2012 1:40pm
Does it look like a short position to anyone?
  • #645,442
  • May 21, 2012 1:40pm May 21, 2012 1:40pm
Quoting Fly2
So what do you think on daily candles vs 4 hour candles? Whats your Bias on that I mean?
The daily candle is forming a doji (dont know after few hours how it looks like)
but for time being its indeterminate. The direction obviously needs more positive news to go up. That is anything possible with incoming news. Its almost closing time , so dont want to look at 4hr chart.
Attached Image (click to enlarge)
Click to Enlarge Name: doji.jpg Size: 84 KB
  • #645,443
  • May 21, 2012 1:41pm May 21, 2012 1:41pm
well that failed spectacularly - Last week I managed to predict each and every large movement until friday - did ten small trades on friday and wanted to show you all what trades I was going to do along with entry point.

when my trading fails it is normally a good indication of a trend change so
with this in mind i will post my next trade at 6.30ish am GMT tomorrow morning.

remember if the entry point or the precise number of pips are not 100% accurate then I will not trade
  • #645,444
  • May 21, 2012 1:52pm May 21, 2012 1:52pm
Quoting thevadd
This has already broken the trendline. when did you check the chart last ?
this is what it should look like

trendline first test failedfor 90 pips, retesting it now
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart4.jpg Size: 264 KB
An opportunity lost is not a capital cost.
  • #645,445
  • May 21, 2012 1:53pm May 21, 2012 1:53pm
Quoting magicfx
well that failed spectacularly - Last week I managed to predict each and every large movement until friday - did ten small trades on friday and wanted to show you all what trades I was going to do along with entry point.

when my trading fails it is normally a good indication of a trend change so
with this in mind i will post my next trade at 6.30ish am GMT tomorrow morning.

remember if the entry point or the precise number of pips are not 100% accurate then I will not trade
I am going long,with a smaller short.
I know bad trading habits but this has saved my account many times.Targets fall short an turn around an bite you on the ass in the morning.Survival mode until I see some good runs to load the leverage an try an build the account.
  • #645,446
  • May 21, 2012 1:55pm May 21, 2012 1:55pm
errr..
  • #645,447
  • May 21, 2012 1:57pm May 21, 2012 1:57pm
wtf lol, im out at BE
An opportunity lost is not a capital cost.
  • #645,448
  • May 21, 2012 1:57pm May 21, 2012 1:57pm
Quoting thevadd
This has already broken the trendline. when did you check the chart last ?
Hmmm mine a lil different than yours I have another candle looking at daily bars
  • #645,449
  • May 21, 2012 1:58pm May 21, 2012 1:58pm
whats happening sudden spike. almost same time as it happened on last Friday
  • #645,450
  • May 21, 2012 1:59pm May 21, 2012 1:59pm
Quoting thevadd
The daily candle is forming a doji (dont know after few hours how it looks like)
but for time being its indeterminate. The direction obviously needs more positive news to go up. That is anything possible with incoming news. Its almost closing time , so dont want to look at 4hr chart.
Are you missing a candle? Mine is different on mt4
  • #645,451
  • May 21, 2012 2:01pm May 21, 2012 2:01pm
Quoting BFSGcapital
wtf lol, im out at BE
break of secondary trendline was bad on Friday. Primary could be worse but I doubt it. Still If short here you better have tight stops

through trendline testing 23.6 fib again
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart4.jpg Size: 244 KB
An opportunity lost is not a capital cost.
  • #645,452
  • May 21, 2012 2:07pm May 21, 2012 2:07pm
heres my daily
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart521.gif Size: 11 KB
  • #645,453
  • May 21, 2012 2:07pm May 21, 2012 2:07pm
Quoting Trader8888
Does it look like a short position to anyone?
what does your chart tell you? that is the the question???
  • #645,454
  • May 21, 2012 2:08pm May 21, 2012 2:08pm
I hate being right ...
  • #645,455
  • May 21, 2012 2:09pm May 21, 2012 2:09pm
Quoting Fly2
Are you missing a candle? Mine is different on mt4
Sunday opening candle and Moday together shown in igMARKETS
  • #645,456
  • May 21, 2012 2:11pm May 21, 2012 2:11pm
Quoting BFSGcapital
this is what it should look like

trendline first test failedfor 90 pips, retesting it now
avoid your emotions and go where the price is going ,, its long till 1.3150
  • #645,457
  • May 21, 2012 2:12pm May 21, 2012 2:12pm
wouldnt buy this move gold hit my protected arrea unless we close above stoll bearish
  • #645,458
  • May 21, 2012 2:14pm May 21, 2012 2:14pm
Quoting kaiza
I hate being right ...
Right about what?


Your up 20 pips or so....that's a drip in the bucket compared to what's happened for this monthly candle...and the month isn't over yet
  • #645,459
  • May 21, 2012 2:22pm May 21, 2012 2:22pm
Quoting Fx.med
avoid your emotions and go where the price is going ,, its long till 1.3150
????

how about you not try and make such bold calls with nothing to back it up

seriously all i did was post a chart and show my view why we retraced in london. that and 1.28125 resistance
An opportunity lost is not a capital cost.
  • #645,460
  • May 21, 2012 2:24pm May 21, 2012 2:24pm
I think there is room to the upside before we get closer to the Greek election next month. Equities have a little room to bounce and we could see a "risk off off" move before the dollar strengthens on concerns of a Greek exit from the Euro zone. From a fundamental perspective, I wouldn't be going short just yet. Give it a week or two and there will be some good trading setups for going short.
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