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EURUSD

  • #654,521
  • Jun 10, 2012 5:37pm Jun 10, 2012 5:37pm
Quoting gabone
what means PA?
Thanks,
Price Action (PA)
  • #654,522
  • Jun 10, 2012 5:39pm Jun 10, 2012 5:39pm
Quoting AlanB
My broker closed early on friday without any kind of notice, and I had a short scalp on So that's a lot of the weekly profits gone down the drain. Could be worse though .. somehow.
Change broker man!
  • #654,523
  • Jun 10, 2012 5:45pm Jun 10, 2012 5:45pm
Quoting KiwiTrada
yup is not only txt, this bailout is a real thornbush of bs, A they havnt even determined how much they require, possibly know by Friday, B. Uuro desperate to give some sort of confidence to world economies, that they prepared to give whatever is required, without even knowing the ammount C. They have already indicated the funds will be used to bail banks only, This is contrary to the charter, and Germany the biggest stake holder, wil not approve such a vague settlement, with no govt gaurantee, blah blah blah

The bailout plan has not even been...
'sell the news buy the rumor' ancient stock market saying

you are right nothing is certain around the spanish bailout plan
so this is rumor
if you think on friday or after greek elections we know much precise data on this then that will be the news we have to sell
'You must be the change you wish to see in the world' . Gandhi
  • #654,524
  • Jun 10, 2012 5:46pm Jun 10, 2012 5:46pm
http://cdn.memegenerator.net/instanc...x/21827132.jpg


Stopped Out??







WARNING: GAPS CLOSING IT'S THING OF THE PAST ... THE EURO HAS A GAP NOT CLOSE IN 1.3080 AND 1.2916 AREA
Money can not be a goal, is the result of a job well done.
  • #654,525
  • Jun 10, 2012 5:51pm Jun 10, 2012 5:51pm
sooo here's what i think:

price has shifted during the weekend from its resistance on the 23.6 to the 38.2 (using fibonacci on the drop from may 1 to june 1)

it also seems to have gone back under the R2 from the daily pivot point and using it as another resistance.

price action isn't very helpful at the moment (as there isn't any ACTION)

waiting to see what investors are in the mood for today. might scalp since we easily know what the resistances are for the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: 50ema-1h.jpg Size: 396 KB
Daily Target: 20 pips
  • #654,526
  • Jun 10, 2012 5:53pm Jun 10, 2012 5:53pm
what is a good price to long the euro?
  • #654,527
  • Jun 10, 2012 5:53pm Jun 10, 2012 5:53pm
Quoting phxmike
'sell the news buy the rumor' ancient stock market saying

you are right nothing is certain around the spanish bailout plan
so this is rumor
if you think on friday or after greek elections we know much precise data on this then that will be the news we have to sell
Friday they will know, how much ??? greek elections 17th, between then and now is going to be extremely volatile, would suggest until then be very very careful any time frame under 4hrs, possably much whipsaw crap, maybe just scalp or scalp to build position or sit on hands
yes ancient sayings become ancient sayings, generally because they work more often than not
If you are new to Forex? Say Goodbye to your account!!
  • #654,528
  • Jun 10, 2012 5:58pm Jun 10, 2012 5:58pm
Quoting chazzle
.
tighten stop
Attached Image (click to enlarge)
Click to Enlarge Name: EUH4.jpg Size: 73 KB
  • #654,529
  • Jun 10, 2012 6:24pm Jun 10, 2012 6:24pm
k woke up to see one of my order got closed at 1.2662. i thought was 1.2562, but its more than 100 pips difference. this gap is very big.

smaller tf is overbought already. japan opening i think they will lose more, taking this chance to weaken their currency further.
  • #654,530
  • Jun 10, 2012 6:24pm Jun 10, 2012 6:24pm
going to enter the gap FT this hour

Quoting forextraderx
Funny, I was just rethinking my analysis...and one aspect of price that I believe supports my thinking is the gap!

truth is, i'm not 100% sure whether the gap actually is supportive of my analysis, or negates it... but unless proven wrong with a gap close, i'll keep it in the "supports my analysis" column.

X
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #654,531
  • Jun 10, 2012 6:27pm Jun 10, 2012 6:27pm
my account is minus £17 k (PL)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #654,532
  • Jun 10, 2012 6:28pm Jun 10, 2012 6:28pm
To cloggster,

If you're reading this..
Now I see what you're seeing in the market... You sneaky bastard...
  • #654,533
  • Jun 10, 2012 6:50pm Jun 10, 2012 6:50pm
Quoting Bones
my account is minus £17 k (PL)
Are you loosing 17.000 gbp?!?
  • #654,534
  • Jun 10, 2012 6:53pm Jun 10, 2012 6:53pm
Quoting Bones
my account is minus £17 k (PL)
u shorted this before weekend closing?
  • #654,535
  • Jun 10, 2012 6:59pm Jun 10, 2012 6:59pm
Quoting Bones
my account is minus £17 k (PL)
Well in case you happened to have lost that amount, which I am truly sorry but tell yourself that you learnt a 17 K lesson.
  • #654,536
  • Jun 10, 2012 7:06pm Jun 10, 2012 7:06pm
Hi All,
I've been getting back into the FOREX again for about 6mo after losing my shorts (pants) a couple years ago. Playing much more cautiously and restricting my trades to EUR/USD this time around with better results.

I got burned by the gap today a little, but luckily pulled out 70% of my short positions before the weekend.

I recently got turned on to this great FF discussion group, and hope to participate more in the future. Thank all for the great info and discussion, and I hope to get some critical feedback on my info below.

*I have not seen any discussion concerning FOREX volume as an indicator in this thread. I know that there is not a true “volume” metric available, but it is often inferred from frequency of PIP variation, and is thought to be a reasonable estimator.
I’ve been seeing what appear to be some useful indicators sometimes appear in published “volume” figures. I have been using these as an additional vector for my trade decisions, and does seem useful.

Here’s an EXAMPLE of what I mean. If you look at “volume” charts (1 minute charts seem to work pretty well, but seems less effective for an hr or longer) you can often see a trend develop, where the “volume” significantly increases during PIP moves. This can change within minutes, but often persists for some time. The relationship can either be higher volume while the stock is moving up, or down – and I use this as an indicator of if the market is experiencing a general bearish or bullish movement similar to how it is used for stock trading.
See this on this chart below:
http://www.forexfactory.com/attachme...1&d=1339372608

I just captured this example, and it’s not the strongest indicator, but I think gets my idea across. Notice the significant volume increase for a few bars at the start of this down trend. Sometimes this association of volume to a particular direction persists for some time when the market is consistently moving in one direction or another. Other times you can see large pip movements without the volume, and the trend appears to be more apt to bounce back. This case did not have further follow ups indicating a longer range bear setup. I can show future examples where the volume appears to flip as the sentiment flips, sometimes seems a good longer term vector. Strong indicators don’t emerge that often, but sometimes this appears useful.
So what do folks think, is this erroneous? Do others use this volume info? I’ll post some better examples as I see them if there is interest.
Good PIPs for all!
Attached Image
  • #654,537
  • Jun 10, 2012 7:17pm Jun 10, 2012 7:17pm
Quoting Bones
my account is minus £17 k (PL)
Yea...did I see that right?? 17K GBP?
  • #654,538
  • Jun 10, 2012 7:35pm Jun 10, 2012 7:35pm
Quoting forextraderx
Yea...did I see that right?? 17K GBP?
Bones is a big trader. She gets preferential rates from brokers. 17K is big, but not very big money for her.
The Thief of Wall Street
  • #654,539
  • Jun 10, 2012 7:45pm Jun 10, 2012 7:45pm
Quoting Chicky
Bones is a big trader. She gets preferential rates from brokers. 17K is big, but not very big money for her.
Huh... then I guess i should take her earlier statement to me of

"Ive already made a significant amount of money this few months ,enough to actually have a real trading account ,free lol"

with a grain of salt then...

X
  • #654,540
  • Jun 10, 2012 7:50pm Jun 10, 2012 7:50pm
Quoting forextraderx
Huh... then I guess i should take her earlier statement to me of

"Ive already made a significant amount of money this few months ,enough to actually have a real trading account ,free lol"

with a grain of salt then...

X
She used the term "real" for an account more than $1 million. Anything below that is just a foreplay for her.
The Thief of Wall Street
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