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EURUSD

  • #667,901
  • Jul 12, 2012 6:45am Jul 12, 2012 6:45am
something to consider...
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  • #667,902
  • Jul 12, 2012 6:47am Jul 12, 2012 6:47am
Quoting Trader88q
another thing.
big guys dont trade dailly. they are investing.
suppose buying euros at very lows and waits 1,2,3,4,5,-12 mounths till it reaches high levels.

dont u think that investing is more profitablle then dailly trading?
cause i calculated that if suppose u buy 1000k euros for 35 real Euros
u need 140 real euros in your account to hold that position if u are wrong by 1000 pips.

my idea is to buy or sell currency and wait not 100-200 pips but 500-700 pips? what do u think?
Trading has not change since the 70's

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  • #667,903
  • Jul 12, 2012 6:47am Jul 12, 2012 6:47am
Why have a view of were she is going to go and not trade her in both ways?[/quote]
Because, what ever time frame you trade, whether it be 10 second or Daily, you stand a much better chance if you've been able to figure out whether momentum is with you or against you, and that is the same as predicting where you think it is going to go.
  • #667,904
  • Jul 12, 2012 6:53am Jul 12, 2012 6:53am
Monthly chart coming up. I fibbed the October 2000 low and the July 2008 high.
The 50% line has confluence with the shoulders of an inverted H&S pattern dating back to May/June 2010 (ignore the yellow rectangle).

Edit: Oh, and also weekly S1. All in the 2125 - 2145 area.
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  • #667,905
  • Jul 12, 2012 6:53am Jul 12, 2012 6:53am
This is a major level we are at now. If we can close anything below 1.22125 tonight I will short this Euro to trash.
All posts are my personal opinion
  • #667,906
  • Jul 12, 2012 6:55am Jul 12, 2012 6:55am
So very true, I've been following Gator for many years and he is one of the best traders here in FF. I've learned some things from him and respect him and others should also.

Cheers

Quoting KiwiTrada
yup forex is not easy, making bad trades is

If you watching 5 pair tracking roughly in sync and they all trending down, possability they will continue down is high, when they in turn start to react, bounce, form reversal patterns, etc etc 1 after the other, is high probability will have consolidation, sideways, ping pong, once one starts to either continue original path aka, make a new low, then the next then the next etc, is high probability they will continue, same for moving opposite way
Presently they all tracking down however they are also...
  • #667,907
  • Jul 12, 2012 6:59am Jul 12, 2012 6:59am
[quote=Compulsive;5835607]Trading has not change since the 70's


It has...they all use high frequency trading tools now...much more noise in the markets...
  • #667,908
  • Jul 12, 2012 7:00am Jul 12, 2012 7:00am
[/quote]Because, what ever time frame you trade, whether it be 10 second or Daily, you stand a much better chance if you've been able to figure out whether momentum is with you or against you, and that is the same as predicting where you think it is going to go.[/quote]

Yes you are right, the momentum is guiding me, the technicality is helping me to get in taking my chances, not speculating.
"Men who can both be right and sit tight are uncommon."
  • #667,909
  • Jul 12, 2012 7:06am Jul 12, 2012 7:06am
I am astonished because last 2 day eurousd market were very down.... some off share i were buy at this moment my balance is nill.very sad....
  • #667,910
  • Jul 12, 2012 7:09am Jul 12, 2012 7:09am
Quoting gonesh20
I am astonished because last 2 day eurousd market were very down.... some off share i were buy at this moment my balance is nill.very sad....
Pardon? do you mean you have lost money because you bought the euro when it was falling?
  • #667,911
  • Jul 12, 2012 7:12am Jul 12, 2012 7:12am
Quoting gonesh20
I am astonished because last 2 day eurousd market were very down.... some off share i were buy at this moment my balance is nill.very sad....
You should try demo account first before trading live....
  • #667,912
  • Jul 12, 2012 7:13am Jul 12, 2012 7:13am
Quoting Trader88q
collapse is coming by the end of the 2012 greece will leave the zone.
did u see what finland and nedherlands are thinking about that zone??

its just need one detonation and all can blow up in seconds.
I've signed you up for the grand prize of being the most stupid poster on this forum, with absolutely no clue what you are talking about.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #667,913
  • Jul 12, 2012 7:16am Jul 12, 2012 7:16am
spotted some divergence on h4 and daily - i'll try to trade it as an idea as following: open long positions until 1.213xx and set stops at 1.21 / TP: 1.235xx - 1.24 (timeframe to succeed: up to 2 weeks)...wish me luck =)
  • #667,914
  • Jul 12, 2012 7:18am Jul 12, 2012 7:18am
Update on my yesterday's short position @1.2269 stops trailed currently to +20pips above todays high. profit target is 200pips ie 1.2069.

Currently i am around +88 pips and see no reason to take profit, i think i will let the trade to run a bit more any inputs will be apprriciated.
  • #667,915
  • Jul 12, 2012 7:19am Jul 12, 2012 7:19am
A psychological take profit is as non-productive as a a psychological stop loss. IMHO, it is better to learn and understand time/price movements and than to trade those movements rather than deciding it has to go 2000 pips.

As far as the euro goes...there were a great deal of pips on the table. Count the pips on the swings of the hourly chart. If your system or strategy did not produce positive pips with such swings, you may want to consider alternative strategies or systems.
  • #667,916
  • Jul 12, 2012 7:19am Jul 12, 2012 7:19am
Played EURUSD long, got my lesson now. There is a huge 30-year bond auction in the evening. Could get interesting.
  • #667,917
  • Jul 12, 2012 7:19am Jul 12, 2012 7:19am
Quoting 853efx
spotted some divergence on h4 and daily - i'll try to trade it as an idea as following: open long positions until 1.213xx and set stops at 1.21 / TP: 1.235xx - 1.24 (timeframe to succeed: up to 2 weeks)...wish me luck =)

Gold is falling...they're just preparing for further south moves...finding a bottom now is just too difficult
  • #667,918
  • Jul 12, 2012 7:19am Jul 12, 2012 7:19am
I called some senior's head out and people losing their pant

Very sensitive, very emotional
  • #667,919
  • Jul 12, 2012 7:20am Jul 12, 2012 7:20am
When it's down, people do all they can to draw support level waiting for the bounce.

Classic.

  • #667,920
  • Jul 12, 2012 7:24am Jul 12, 2012 7:24am
Quoting KillerWhale
I've signed you up for the grand prize of being the most stupid poster on this forum, with absolutely no clue what you are talking about.
what's the prize? i might join the contest
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