DislikedTotally agree with you, the kids should be in school now, shouldn't they??
I too think 1.2700 is in the scope of today. Bullish here before another down sideIgnored
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- #663,782
- Jul 2, 2012 3:22am Jul 2, 2012 3:22am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
We're discussing monetary economics, completely relevant to trading EUR/USD. If you can't see that then GTFO you amateur.
This information is absolutely critical when trading higher time frames and/or longer term trades, but for daytrading, when people is sniping/ scalping, is not so critical.
I have been going over my weekly and monthly charts, for the last few weeks, whilst all this bs manilulation has been going on, these charts level rarely change.
Example, I have similar chart all ladies and frequently cross reference to refine levels of interest, my all time range as charted covers eu last 22 years, with the present S&R range of 2618 - 2131
As can see the May sell off into this zone, although was great, pa is presently in a very tricky zone,
we now in an very leggy support zone, is why many traders have gone quiet, last months rally is further confusing matters, price has pushed back up to the 2618 level as can see is close to Januarys low 2622 which acted as nice support, "if" this level holds as resistance we may have another attack of 2131 the median alltime price,
Anyways what I trying to say, tech wise we in very tricky zone, must be patient, and careful, this level may become quite violent as buyer and seller is fighting like crazy for this level.
Note the present roll of the 50sma is the biggest so far of the last 3 dips,also we looking at a possible ll
If pa continue as I see it, a nice try long level will be around firstly 50% 2131 then the 200sma then my target 1643.
Winner will determine next leg, fundies will only exacibate the move.
so becareful, be patient,
sorry am babble
If you are new to Forex? Say Goodbye to your account!!
- #663,783
- Jul 2, 2012 3:23am Jul 2, 2012 3:23am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
- #663,788
- Jul 2, 2012 3:31am Jul 2, 2012 3:31am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
- #663,789
- Edited 3:34am Jul 2, 2012 3:33am | Edited 3:34am
- | Joined Jan 2009 | Status: Don't Tread On Me | 2,059 Posts
- #663,790
- Jul 2, 2012 3:33am Jul 2, 2012 3:33am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
- #663,791
- Jul 2, 2012 3:33am Jul 2, 2012 3:33am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
yes if you see, we have daily superb moves, even on friday or holidays..
its not important, how much pips moves was there, its important, how much market made it possible for traders to catch the pips..!!
Did you took this 43 pips on eu? pls share than
- #663,793
- Jul 2, 2012 3:34am Jul 2, 2012 3:34am
- | Joined Apr 2012 | Status: Trader | 1,066 Posts
Actually I like what you is saying, and yes a good understanding of monetary dynamics is critical to surviving forex, the problem is trying to use that knowledge to build your account,
This information is absolutely critical when trading higher time frames and/or longer term trades, but for daytrading, when people is sniping/ scalping, is not so critical.
I have been going over my weekly and monthly charts, for the last few weeks, whilst all this bs manilulation has been going on, these charts level rarely change.
Example, I have similar...
- #663,795
- Jul 2, 2012 3:36am Jul 2, 2012 3:36am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
I am now..
Bull or bear? I am interessted in your trade now 
...... - #663,796
- Jul 2, 2012 3:39am Jul 2, 2012 3:39am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #663,798
- Jul 2, 2012 3:43am Jul 2, 2012 3:43am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
I took 34, and now I'm up 20 long
i am taking pips too, but still i am not very much satified with the market since June starting..
