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EURUSD

  • #653,721
  • Jun 7, 2012 11:11pm Jun 7, 2012 11:11pm
bear is back. n am 1 of them... 1.20 is my target



  • #653,722
  • Jun 7, 2012 11:14pm Jun 7, 2012 11:14pm
Quoting Meganathan
Today i am starting my FF carrier.

I am newbabie in FF and this forum

Thank you guys for sharing your trade experience in this forum.
I must qualify my above post by saying there are many amazing members on this forum! And that one can learn every minute one spends here just trade on your own research and analysis. The Frankfort open brings a great group here but as the day wears on sometimes emotional players come on and post erratically and emotionally and it creates noise on the forum...blurs out the posts from the long time experienced members as they share
  • #653,723
  • Jun 7, 2012 11:15pm Jun 7, 2012 11:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h4.jpg Size: 150 KB
  • #653,724
  • Jun 7, 2012 11:17pm Jun 7, 2012 11:17pm
Quoting fx_Drew2
I must qualify my above post by saying there are many amazing members on this forum! And that one can learn every minute one spends here just trade on your own research and analysis. The Frankfort open brings a great group here but as the day wears on sometime emotional players come on and post erratically and emotionally and it creates noise on the forum...blurs out the posts from the long time experienced members as they share
Couldn't agree more. Yesterday was a fine example.
A person is smart. People are dumb.
  • #653,725
  • Jun 7, 2012 11:17pm Jun 7, 2012 11:17pm
Quoting Meganathan
Today i am starting my FF carrier.

I am newbabie in FF and this forum

Thank you guys for sharing your trade experience in this forum.

welcome, and some helpful hints...


DO: Post your views with reasons
Do trade demo until you get the hang of it
Do stick to hourly and above timeframes until you can trade them.
Do try and filter out the good people to learn from

DON'T: make random predictions without reason
try and make money until you have proved you can trade
try to scalp
follow others trade recommendations

and finally do remember that this is an unregulated market full of scammers, theives and people without a clue so don't give your money to anyone else to trade for you and pick a regulated broker in your country.
  • #653,726
  • Jun 7, 2012 11:21pm Jun 7, 2012 11:21pm
maybe it will go to 2480 and if cross to 2400
  • #653,727
  • Jun 7, 2012 11:22pm Jun 7, 2012 11:22pm
Quoting SlyQsx
Attachment
Got that.
  • #653,728
  • Jun 7, 2012 11:26pm Jun 7, 2012 11:26pm
I've got 2465 as my last confirmation for bear
swing it!
  • #653,729
  • Jun 7, 2012 11:27pm Jun 7, 2012 11:27pm
Hello Everyone,
Some quick thoughts for next hour
EU - 8Pips range
Expect only retracements, the daily candles for many pairs including gold are strong.

http://i48.tinypic.com/epnyb.png
  • #653,730
  • Jun 7, 2012 11:28pm Jun 7, 2012 11:28pm
Quoting MaxDoom
welcome, and some helpful hints...


DO: Post your views with reasons
Do trade demo until you get the hang of it
Do stick to hourly and above timeframes until you can trade them.
Do try and filter out the good people to learn from

DON'T: make random predictions without reason
try and make money until you have proved you can trade
try to scalp
follow others trade recommendations

and finally do remember that this is an unregulated market full of scammers, theives and people without a clue so don't give your money to anyone...
Max, How are you? covered some shorts [email protected] around 1.2490.

also covered eur/jpy. good day till now. think london will close the gap a bit.
  • #653,731
  • Jun 7, 2012 11:29pm Jun 7, 2012 11:29pm
Made my last short of the week after the breach of support @ 1.2517
lets see how it goes
  • #653,732
  • Jun 7, 2012 11:30pm Jun 7, 2012 11:30pm
Quoting NoobJJ
Made my last short of the week after the breach of support @ 1.2517
lets see how it goes
until it crosses 1.2622 only shorts will work. its again come to sell on rallies
  • #653,733
  • Jun 7, 2012 11:32pm Jun 7, 2012 11:32pm
82 is holding well bottom of the hour. looking 90, 09 , 26 before london opens to go short.
  • #653,734
  • Jun 7, 2012 11:33pm Jun 7, 2012 11:33pm
Fryday effect might erase the entire weeks profit today?
  • #653,735
  • Jun 7, 2012 11:36pm Jun 7, 2012 11:36pm
Quoting kayla2011
Fryday effect might erase the entire weeks profit today?
What is friday effect?
  • #653,736
  • Jun 7, 2012 11:42pm Jun 7, 2012 11:42pm
Quoting scalperdebes
82 is holding well bottom of the hour. looking 90, 09 , 26 before london opens to go short.
Market is exhausted, 140 pips down in the last 12 hours. I think weekly pivot or daily s3 caps the down move today, if we even get that far (I'm certainly hoping we do)
An opportunity lost is not a capital cost.
  • #653,737
  • Jun 7, 2012 11:42pm Jun 7, 2012 11:42pm
5 Points on When To Go Pro

Most forex traders do it while having a day job, some trade during their free time, and some do it when the boss isn’t looking. And some think or dream of quitting their job and going pro – making a living out of forex trading.
When can this be done? Here are 5 important points:

  1. At least a year of profitable trading: In order to evaluate if you have the basis for trading forex as a profession, a full year of successful “internship” is necessary. During the course of a year, you’ve seen many different phenomenons in the markets. This is minimal experience.
  2. Significant income for three months: Are you already making a significant monthly income from trading? Significant means that it pays the rent or mortgage, covers a big savings plan or is a sizable portion of your overall income.
  3. Plan for scaling up: Making a significant sum from trading is great, but can you scale it up to making a living? How? Take the time to make a plan on how your trading routine will be – your timetable is different when you don’t have a day job. The free time needs to be successfully utilized from day one.
  4. Deep pockets. In deep pockets, I don’t mean being need to be rich. If you would be rich, you wouldn’t need any trading, would you? I mean that you can continue your life as usual for some time with your current income from forex. Given that you don’t scale quickly, you’ll need money to cushion your expenses. The more money you have, the more patience you’ll have with full time trading, the greater chance you’ll have to succeed.
  5. Plan B: Following the previous point, you need a Plan B in case it doesn’t work out. This could be returning to your previous job, pursuing another path, etc. If you know the worst case scenario, you’ll clear out the uncertainty and you’ll have a better chance to succeed.

  • #653,738
  • Jun 7, 2012 11:42pm Jun 7, 2012 11:42pm
Quoting Nachiket
Max, How are you? covered some shorts [email protected] around 1.2490.

also covered eur/jpy. good day till now. think london will close the gap a bit.

morning Nachiket

All good here thanks I am nicely short in this market looking for an initial target of 1.241x as per my analysis post an short while back.

remember Fridays can be a bit thin and fickle
  • #653,739
  • Jun 7, 2012 11:43pm Jun 7, 2012 11:43pm
Quoting fx_Drew2
What is friday effect?
Selling off risk because of the uncertainties in Greece, etc. Meaning USD up, EUR down. Nobody knows if f.ex. a civil war will break out in Greece during the weekend, investments flow into safe havens.

There will probably be a gap up on Monday, if the world didn't end and market sold off on Friday.
  • #653,740
  • Jun 7, 2012 11:44pm Jun 7, 2012 11:44pm
Quoting fx_Drew2
What is friday effect?
That moment on frydays when the market seems to move strongly in one direction between 1500hrs and 1800hrs gmt.
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