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EURUSD

  • #688,641
  • Sep 6, 2012 5:48am Sep 6, 2012 5:48am
im so tempted to enter a trade, but i guess no trade is a position, too many things can go wrong, i'll decide my entry and direction after rate decision, i wud like to see how the market reacts ahead of the press conference.
  • #688,642
  • Sep 6, 2012 5:48am Sep 6, 2012 5:48am
Cable TDR : 23 pips
That which does not kill us makes us stronger
  • #688,643
  • Sep 6, 2012 5:49am Sep 6, 2012 5:49am
My hourly chart
Attached Image (click to enlarge)
Click to Enlarge Name: Capture4.PNG Size: 41 KB
There is nothing in the Universe but mathematical points of force.
  • #688,644
  • Sep 6, 2012 5:52am Sep 6, 2012 5:52am
Quoting kiranitoot
My hourly chart
really nice work
Forex will make you loose but you will stay gambling
  • #688,645
  • Sep 6, 2012 6:00am Sep 6, 2012 6:00am
Bank of England Leaves Bank Rate Unchanged At 0.5%
  • #688,646
  • Sep 6, 2012 6:02am Sep 6, 2012 6:02am
LOL. NO CHANGES
  • #688,647
  • Sep 6, 2012 6:04am Sep 6, 2012 6:04am
BOE move took my stop 0.7 pip banked , now pa might move north as it took my stop
Mohan
  • #688,648
  • Sep 6, 2012 6:04am Sep 6, 2012 6:04am
Put a buy stop 1.2645. Stop at 1.2583. Target 1.2980. God bless Europe!
  • #688,649
  • Sep 6, 2012 6:08am Sep 6, 2012 6:08am
usdnok bounces hard from support...just to let you know.
COT: The precious data ignored
  • #688,650
  • Sep 6, 2012 6:09am Sep 6, 2012 6:09am
Quoting mohan76
BOE move took my stop 0.7 pip banked , now pa might move north as it took my stop
no leaks no news no opium
If you are new to Forex? Say Goodbye to your account!!
  • #688,651
  • Sep 6, 2012 6:11am Sep 6, 2012 6:11am
Quoting KiwiTrada
no leaks no news no opium
no one taking profit too , may be after rate decision ?

edit : time give some rest to eyeball
Mohan
  • #688,652
  • Sep 6, 2012 6:21am Sep 6, 2012 6:21am
Will market stay in neutral position if interest rate stays the same?
  • #688,653
  • Sep 6, 2012 6:25am Sep 6, 2012 6:25am
Quoting Tadej89
Will market stay in neutral position if interest rate stays the same?
So far for the 5 days we had like 200 different bad news and euro still going up so make it 201!
  • #688,654
  • Sep 6, 2012 6:26am Sep 6, 2012 6:26am
Quoting Tadej89
Will market stay in neutral position if interest rate stays the same?
Yeah, that is the question now. ADP NFE is also there. market wont be quite for those two data. it will disturb the price definitely
  • #688,655
  • Sep 6, 2012 6:30am Sep 6, 2012 6:30am
As I am sure you are all well aware.. the primary downtrend comes in at 1.2655-1.2640. The last time we were this close to this trend line was at 1.3280, and the trend line was at about 1.33.

Yes this line is perfect as I went back and made all the trendline touch points exact on the M15 TF (if you use daily to attach they will be not true to the real level AT ALL, zoom in to small TFs and you will see, its the fault of MT4, there's really nothing that can be done about it except take the extra time to go down to small TFs and make the TLs perfect)

Last Friday this same downtrend line was at 1.2685. If we don't go down soon, we are going to touch it sooner or later.
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #688,656
  • Sep 6, 2012 6:39am Sep 6, 2012 6:39am
So, maybe during ECB press conference if not before, first price up to 1.2692 / 1.27 and then sell it down.
They think they are smarter than I am.
  • #688,657
  • Sep 6, 2012 6:41am Sep 6, 2012 6:41am
any bet on rate cut ?
Mohan
  • #688,658
  • Sep 6, 2012 6:41am Sep 6, 2012 6:41am
Quoting Tadej89
Will market stay in neutral position if interest rate stays the same?
well, draghi said he'll do all that is necessary, if rate cut is one of those things, may be eu will go up, i knw logically rate cut should make eu fall.
  • #688,659
  • Sep 6, 2012 6:42am Sep 6, 2012 6:42am
Quoting Rag2RichesFX
As I am sure you are all well aware.. the primary downtrend comes in at 1.2655-1.2640. The last time we were this close to this trend line was at 1.3280, and the trend line was at about 1.33.

Yes this line is perfect as I went back and made all the trendline touch points exact on the M15 TF (if you use daily to attach they will be not true to the real level AT ALL, zoom in to small TFs and you will see, its the fault of MT4, there's really nothing that can be done about it except take the extra time to go down to small TFs and make the TLs perfect)

Last...
------------------------no line is line today until super Mario speaks , IMO-------
Trades technical moves enforced by fundamentals
  • #688,660
  • Sep 6, 2012 6:43am Sep 6, 2012 6:43am
Quoting mamalujo
well, draghi said he'll do all that is necessary, if rate cut is one of those things, may be eu will go up, i knw logically rate cut should make eu fall.
If he cuts rate, euro should fall according to logic.
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