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EURUSD

  • #669,241
  • Jul 18, 2012 4:55am Jul 18, 2012 4:55am
Quoting MaxDoom
I shall say this just once so pay close attention......

ALL and I mean ALL indicators that don't repaint are lagging indicators.
ALL repainting indicators are useless.

So if you want to consider an indicator for use you need to decide what you want it to do, then choose the appropriate one for that purpose.

If you want an indicator to give you entries for scalping - then you will loose lots of money because the opportunity is gone before you get the signal..... but, you can use one to provide some comfort to your decision.. but make sure you...
so what would you suggest? "follow-the-trend-thing" but i just dont get how to pick ups and bottoms
sometimes when i try to "jump in" the trend just reverses
  • #669,242
  • Jul 18, 2012 4:55am Jul 18, 2012 4:55am
Quoting KiwiTrada
wished it was

edit hahahaha I think lots did her is going fall over maybe

she have to fall as all ladies falling
Mohan
  • #669,243
  • Jul 18, 2012 4:57am Jul 18, 2012 4:57am
i having scalping i did not catch 1.22974
  • #669,244
  • Jul 18, 2012 4:57am Jul 18, 2012 4:57am
Quoting Mario Inc.
How long have you been trading and what is your weekly goal if you don't mind me asking?

Mario... I have been demo trading on and off for awhile. The last few months been giving it more attention and reading more books that don't beat around the bush. My weekly goal is to get 150 positive pips after negative draw down.

Same question back at you Mario.

By the way... On the dollar index. When it moves one dollar, the EUR/USD moves 2 pips. So if you can for cast a 20 pip move on the Dollar index, then in my opinion, that is about a 40 pip move on the EUR/USD. Don't forget I am a newbie though. So you better follow the expert. And one more thing, I don't use indicators because they lag the market and distract me from seeing the price action.
Luck has no place in trading. Leave that for the poker table.
  • #669,245
  • Jul 18, 2012 4:57am Jul 18, 2012 4:57am
Quoting mohan76
Austria is country in European Union
http://en.wikipedia.org/wiki/Austria
I have been to Austria but misread it. Thanks
  • #669,246
  • Jul 18, 2012 4:58am Jul 18, 2012 4:58am
Quoting thevadd
I have been to Austria but misread it. Thanks
no problem , most of the time do that mistake too
Mohan
  • #669,247
  • Jul 18, 2012 5:03am Jul 18, 2012 5:03am
Quoting mohan76
she have to fall as all ladies falling
yes 0290 is still hold her fro now, same level i needed her below last night, tonight might be the night
If you are new to Forex? Say Goodbye to your account!!
  • #669,248
  • Jul 18, 2012 5:05am Jul 18, 2012 5:05am
Quoting Pair-me-up
Mario... I have been demo trading on and off for awhile. The last few months been giving it more attention and reading more books that don't beat around the bush. My weekly goal is to get 150 positive pips after negative draw down.

Same question back at you Mario.

By the way... On the dollar index. When it moves one dollar, the EUR/USD moves 2 pips. So if you can for cast a 20 pip move on the Dollar index, then in my opinion, that is about a 40 pip move on the EUR/USD. Don't forget I am a newbie though. So you better follow the...
a year an a half on demo, I was tempted to go real at some point ( it's like a newbie mermaid or something ) but I was able to resist it . My weekly goal is 80 pips minus draw down. I'm back testing like crazy as I'm working on my trading system and took quite some interest in harmonics and elliot waves.
Don't bother say that you're a newbie as long as you refrain from posting things like "go long, you can't lose" and such.

Keep it up!
  • #669,249
  • Jul 18, 2012 5:06am Jul 18, 2012 5:06am
Quoting undertaker66
so what would you suggest? "follow-the-trend-thing" but i just dont get how to pick ups and bottoms
sometimes when i try to "jump in" the trend just reverses

you were talking about scalping - that is best done using candle-sticks and S&R indicators are too slow
  • #669,250
  • Jul 18, 2012 5:07am Jul 18, 2012 5:07am
The dollar index is at 10125... if it moves above that then I think the EUR/USD still has room to move down further. Plus Merkel seems to not want to share the burden without oversight. Sound to me like she just wants to be the lone loan shark... ha ha ha just kidding.
Luck has no place in trading. Leave that for the poker table.
  • #669,251
  • Jul 18, 2012 5:08am Jul 18, 2012 5:08am
Target 2208 now before a minor bump at 2225
PRICE ACTION is the only real time indicator.
  • #669,252
  • Jul 18, 2012 5:08am Jul 18, 2012 5:08am
ECB Asmussen:German Court Refusal of ESM Would Mean It Failed - Report


By Tom Fairless


A member of the European Central Bank's executive board warned Wednesday of serious consequences for the euro zone if Germany's top court doesn't ratify the bloc's permanent rescue fund, the European Stability Mechanism.

Germany's Federal Constitutional Court last week heard testimony on several petitions that seek to keep the 500 billion euro ($615 billion) ESM from beginning its work until the court has time to rule on the legal issues in the case.

If the court rules against the ESM, the rescue fund "would have failed in its planned form," and the euro zone would be deprived of a "very important crisis fighting tool," ECB executive board member Joerg Asmussen told German news magazine Stern.

A handful of lawsuits by German lawmakers and citizens has put German ratification of the bailout fund and the fiscal pact on hold until the court rules on whether the ESM takes too much authority from German lawmakers on the fiscal policy and the budget.

On Monday, the court said it won't make a decision until Sept. 12 on whether to impose a temporary injunction that would block the ESM from taking effect.

German government officials have warned that a significant delay to the ESM could spark new financial-market turmoil because delay would leave the euro zone without a viable firewall against financial contagion for an uncertain amount of time.

Mr. Asmussen also warned of a "perceived north-south split" in the European Union "such as I haven't experienced in 10-15 years," and urged states to row back quickly from this divide.

Europe stands at a crossroads where states must either opt for further political integration or allow Europe to move apart, he said.
Separately, Mr. Asmussen also urged Germany to implement further reforms of its labor market and tax system rather than simply demanding reforms of others.

While the country is profiting very strongly from labor market reforms implemented in 2003-2004, there is still a lot to do, Mr. Asmussen said. For instance, migrants could be better integrated into the labor market and the tax system modernized, he said.


July 18, 2012 05:53 ET (09:53 GMT)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #669,253
  • Jul 18, 2012 5:08am Jul 18, 2012 5:08am
Quoting MaxDoom
..... therefore, probability now lies downward but if prices takes out 1.2316 I would expect a limited move towards 1.236x - 1.239x zone before a turn.

Trade plan short unless 1.2316 gives in which case from a turn above.

Targets initial 1.212x 1.207x 1.197x
shorts locked at BE
  • #669,254
  • Jul 18, 2012 5:10am Jul 18, 2012 5:10am
Quoting KiwiTrada
yes 0290 is still hold her fro now, same level i needed her below last night, tonight might be the night

start to wonder is that was pure rumor ?
Mohan
  • #669,255
  • Jul 18, 2012 5:11am Jul 18, 2012 5:11am
Quoting gautam0597
Target 2208 now before a minor bump at 2225
Careful ...

Is a possible bounce area ...

Can easily pop up again ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #669,256
  • Jul 18, 2012 5:12am Jul 18, 2012 5:12am
Quoting Mario Inc.
a year an a half on demo, I was tempted to go real at some point ( it's like a newbie mermaid or something ) but I was able to resist it . My weekly goal is 80 pips minus draw down. I'm back testing like crazy as I'm working on my trading system and took quite some interest in harmonics and elliot waves.
Don't bother say that you're a newbie as long as you refrain from posting things like "go long, you can't lose" and such.

Keep it up!

Well, I won't tell people which direction to go. The market works in probabilities that are always uncertain. However, if we can tip the scale bit in our favor, then maybe we can have a chance. There is a poster that used to come here named Cloggie. I have learned tons from reading his posts. I would suggest you read his post near the beginning of his time here at FF. He is a price action trader and is good at fundamentals. I am still learning. But much better from what I learned from his posts!!
Luck has no place in trading. Leave that for the poker table.
  • #669,257
  • Jul 18, 2012 5:13am Jul 18, 2012 5:13am
in my opinion reverse on e/u like yesterday to 1.23xx
More on my Blog...
  • #669,258
  • Jul 18, 2012 5:15am Jul 18, 2012 5:15am
15 min demand pin
  • #669,259
  • Jul 18, 2012 5:17am Jul 18, 2012 5:17am
Quoting King Kong
15 min demand pin
Still eyeing 2223, but price is stalling atm
  • #669,260
  • Jul 18, 2012 5:18am Jul 18, 2012 5:18am
Hello fello traders, finally found the courage to right in this thread, being watching this thread for over a two years now and never said a thing.. One thing for sure is you work out who is good in this forum and who is really bad.. Quick hello to KiwiTrada im another kiwi trying to live the dream, I find your posts really informative and to the point

gl to all
cheers
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