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EURUSD

  • #665,061
  • Jul 4, 2012 8:56am Jul 4, 2012 8:56am
i see positve divergance on 15 m
Quoting KiNgEdwarD
m15 and m30 looking bull side,anyone agree?
  • #665,062
  • Jul 4, 2012 8:58am Jul 4, 2012 8:58am
Quoting MaxDoom
why do you think so ?
because of this candle
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 166 KB
Sometimes it's better to be wrong,to learn..
  • #665,063
  • Jul 4, 2012 9:00am Jul 4, 2012 9:00am
We seem to be flat until tomorrow, hopefully will see a rate cut which in a weird way if over 50bps could be bullish as it shows how the ECB are ready to act more firmly. Auctions tomorrow should be a good risk indicator and then we have NFP which is always fun.

Good luck to you all
  • #665,064
  • Jul 4, 2012 9:01am Jul 4, 2012 9:01am
Quoting KiNgEdwarD
because of this candle

One solitary swallow does not make summer...
and so does not one single candle a reversal
  • #665,065
  • Jul 4, 2012 9:01am Jul 4, 2012 9:01am
All these predictions floating around... everyone's got an opinion... lol... I gave up trying to predict the future long ago.

Cheers...

-fighter
  • #665,066
  • Jul 4, 2012 9:03am Jul 4, 2012 9:03am
Quoting fighterdude
All these predictions floating around... everyone's got an opinion... lol... I gave up trying to predict the future long ago.

Cheers...

-fighter
How can trading be anything else than prediction?
  • #665,067
  • Jul 4, 2012 9:03am Jul 4, 2012 9:03am
Quoting shmandi
One solitary swallow does not make summer...
and so does not one single candle a reversal
that candle...you can call it "TRUE HERO"
Sometimes it's better to be wrong,to learn..
  • #665,068
  • Jul 4, 2012 9:05am Jul 4, 2012 9:05am
Quoting shmandi
How can trading be anything else than prediction?
True trading is working by seeing the most probable outcome, and setting up a plan based on that... not trying to peer into the future and be right...

-fighter
  • #665,069
  • Jul 4, 2012 9:08am Jul 4, 2012 9:08am
Quoting fighterdude
True trading is working by seeing the most probable outcome, and setting up a plan based on that... not trying to peer into the future and be right...

-fighter
I agree. that is why trader should be dynamic and not have fixed goals no matter what market is doing.
but entering a trade always happens before the move, with expectation of where it might go, predicting direction and also target...
  • #665,070
  • Jul 4, 2012 9:10am Jul 4, 2012 9:10am
Quoting fighterdude
True trading is working by seeing the most probable outcome, and setting up a plan based on that... not trying to peer into the future and be right...

-fighter
E.G. You decide thati t is more probable that the market goes up... so you setup a plan to take care of yourself if it does, e.g. a tp order... and you ALSO setup a plan to take care of yourself if it dosent go up... e.g. a sl order

Prediction is when you decide it IS going up... trading the probabilities means that you are observing what is going on and knowing that according to your analysis, the most probable direction is up from here... BUT... you don't know for sure... because you CAN'T predict it... you just know from experience what the probabilities are. I suppose someone could call that prediction... but I tend to think that prediction is based on EGO. Trading probabilities means you don't care where it goes... because you've planned for either scenario.

just my 2c anyway...

-fighter
  • #665,071
  • Jul 4, 2012 9:12am Jul 4, 2012 9:12am
If ECB lowers tomorrow then EURUSD would jump 200 pips.
  • #665,072
  • Jul 4, 2012 9:13am Jul 4, 2012 9:13am
or we can call it just educated or experienced guessing
  • #665,073
  • Jul 4, 2012 9:13am Jul 4, 2012 9:13am
Quoting BennyB
If ECB lowers tomorrow then EURUSD would jump 200 pips.
...possibly... LOL... see this is kinda what I'm talking about. lol

-fighter
  • #665,074
  • Jul 4, 2012 9:14am Jul 4, 2012 9:14am
Quoting shmandi
or we can call it just educated or experienced guessing
more precisely "follow the trend"
Sometimes it's better to be wrong,to learn..
  • #665,075
  • Jul 4, 2012 9:14am Jul 4, 2012 9:14am
Quoting tigerbalm
Hi, where did you get the chart/indi on USDEUR ?
Here: http://www.forexfactory.com/showthread.php?t=362057
  • #665,076
  • Jul 4, 2012 9:17am Jul 4, 2012 9:17am
Quoting KiNgEdwarD
more precisely "follow the trend"
if you were following any trend, you wouldnt be long now
  • #665,077
  • Jul 4, 2012 9:18am Jul 4, 2012 9:18am
LONG momentum dying out... exited trade for +1.3 pips

SHORT trade on now...

SHORT @ 1.25576
SL @ 1.25676
TP @ 1.25476

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_-_SHORT_1.png Size: 43 KB


-fighter
  • #665,078
  • Jul 4, 2012 9:21am Jul 4, 2012 9:21am
Quoting shmandi
if you were following any trend, you wouldnt be long now
Lol where does his one liners come from? I was out for 20 mins and the Euro markets rebounded. Any reason why?
  • #665,079
  • Jul 4, 2012 9:23am Jul 4, 2012 9:23am
Quoting pip_trader
Lol where does his one liners come from? I was out for 20 mins and the Euro markets rebounded. Any reason why?
demand... haha

-fighter
  • #665,080
  • Jul 4, 2012 9:24am Jul 4, 2012 9:24am
i agree with @shimandi.but a good chance to make profit by buy-sell-buy-sell........
i know it does't sound enough but i make 100+
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