EURUSD

2504 holding thus far


lets see if we close with a 15m doji candle

flat at 1.2496

looks like euro 1.25 put up some resistance and may take some time to push through

I am try get some of this fade, other ladies at nice resist too, so maybe I get some, rr is ok

Jayjb Why is st 1.2545

very nice, yeah this move doesn't make much sense.

i love when markets go into exhausted territory, very low risk scalping

euro already pulled back 20 pips, aud 15

I was ahort at 1.25 tp 1.2460... no sl only looking the market... preparing for a quick leave...

ye. market bullish into 1.25 follow fed's another round of talking about qe.

with a risk on. good data from aud gdp.

1.25 touched. but selling 1.25 now is a bad idea. should take profit in 10-20 pips range.

i also shorted 0.9850 for 0.9835 on aud/usd after bull ran out of steam on a 15minute chart after hourly closed.

market more or less will stay bullish now. and its lunch time . 2-3 more hours. market will resume momentum.

stay out now.

wow aussie staying strong!

my gappy touched 1/2 halfway milestone (now in +24x) , , as it's macro i can't book half .

waiting for noda

Some res ~ .9870

Yea ..looks sideways now for a while. But aussie holding the .9832 pretty well. seems it may hold up there through lunch

you need some serious nerves (and luck) to trade without a SL.

Stupidity and lack of experience and wisdom are usually the only things needed.

well thats.. aussie .9830 on the Chicago futures... .9840 on the aud/usd Not sure why they are different but I usually watch futures on the aussie

possibly, although there is a senior trader I learned a lot from here on FF who does or used to do that.
- edit - His method was so called mental stop loss, so I guess there is a stop loss but it's just not placed as an order.

it is my only position right now

its actually very easy to place a sell or buy limit if u are unsure.

asian trading hours have the tendency to open gap between 50-60 pips for eur/usd.

and even up to 100 pips for aud/usd. common 60-70.

for low eur/ usd is 1.2440, if market cannot sell. look for a high at 1.25 and 1.2490 before london opening.

as for aud/usd. low is 0.9737. if a data going to release as positive as forecase especially GDP is a high impact. it will go bullish.


if u miss on the ride. don't catch a falling knife or a grasshopper. wait until 15-30min chart says its overbought on rsi reading. and look out for support rejection and resistance rejection pin bar.

aud/usd can be place at 0.9840-0.9850 sell entry, for a retracement on a normal day. 100 pip away from low. but aud is known for crazy bullish strength before. it can even rally up to 200 pips.

but asia market lack liquid.

we should see a bullish momentum from here. and at 2-3hours later. market will retrace abit when bankers return from lunch for trading.

and then should continue bullish momentum into london. unless fundamental release.

the bullish strength is backed on positive high impact data, which drives stock for rally. and another talk on fed qe.

and also talks on resolution plans for banks in ez.

if cautious. look for hourly for entry. if new birds cannot afford to know when and how to enter during london. then wait for retracement about 2hours - 2.5 hours later when market dry up. enter on a low or high for retracement pips.

usually works. like ytd. 1.2410 into 1.2440-1.2450 is easily reached when market sold from 1.2540 into 1.2440 then 1.2410.

eur is weigh on good support now. unless fundamental. we could see this pair going for 1.26 challenge next unless london's result screwed up again

eur stocks like dax and cac should opened with gap higher.

is that a wedge forming on the aud/usd?

If it is wedge, then it my indeed break out to the upside and try .99