EURUSD

hiii guys...do you think it is going to 1.40?? check set - oct 2010 (QE II)

I'm with ya on that one. Should of happened a long time ago.

Yeah, but I try to stay away from 10:00-12:00 EST

divak,

as i said before you biggest problem your not accepting reality, fundamental takes years to learn ,trade what pa offer , don't take trade based on your feeling, i have donated lot by doing that , if your feeling not sync with PA , stay sideline and use s/l , don't follow recomendation given by people on tv or so call currency analyst.

Small profit taking may be done, back to the top ?

yea , fix move then again small take profit till london close , then zero gravity move

The Chinese are already bribing everyone in the Middle East (Africa and Eastern Europe as well), and sending over emmigrants, businesspeople. The Chinese payoffs and investments are working better than our payoffs and military intervention. More than past time to cut off the "aid" as you say.

how do u trade then? scalping? trends? how far ur SL? how much in risk do u take in % of your K?

as for current PA, fundamental is : hot air. IMHO

needs to go now and then shorts should be good. gd luck

LOL at the AUDUSD graph,

seriously...!

That the Bears are going to get their retrace....

wow 1.316 has finally proved to be the much awaited resitance with some fight...

This move has been more the euro appreciating than the dollar weakening.

You are going to buy AUD/USD right?

you have to work out you s/l (s/l that u can afford, and justifying you reward )

start with 40 pip s/l and 0.01 lot , later try to tune your s/l to justify your reward,


check this thread
http://www.forexfactory.com/showthread.php?t=380676

I think the swing traders have entered below 1.25 and have closed their positions by now or holding a little bit for the capitulation.

no no, im short. look at the hot air balloon deflating...

To be very honest with you, based your trade planning on macro economics understanding first. Before u even start to take any trade, do your planning first, ask yourself how much you can afford to lose, what is the maximum level you are withstand per trading day/ per week, that you can go to sleep/rest peacefully without getting too intense and emotional.

make sure your account does not deplete more than 2% a day, 5 % a week, anytime more than 6% DD.

Don't talk just about qe3 being priced in anot, look at what the market wants and how it has reacted, think about supply/demand first on the bigger timeframe like monthly/weekly/ before even daily and lower timeframe, at the peak or valley of each point of reversal, there is a fundamental story/event leading to one, u need to be in the market trading cycles/patterns to appreciate and experience them.

If u asking why its climbing so high today, then u would also ask the same thing in may why is it going so low in may? That's the whole problem how retailers are trading.

Most retailers are trading based on small profits taking and huge losses taken/under-water.

under-water trades + married trading is a collapsed trading methodology which can be painful as it affects trader's decision of long and short, that's how people lose money when they short, market turns long, when they long, market turns short.

To simplify, the trading now is bull run/ momentum trading, buy anything also up, same like in may sell anything also down, don't talk about retracement until price action retraced at least 23.6 fibonacci from top from breakout point/low before u jump into a reversal trades.

All these news etc are secondary, they are written to create panic and emotions to traders so they use their leverage and kill themselves sooner.

1 ) resistance stands
2) resistance bounce again.
3) probability resistance do not stand anymore, buy stops above.

1,2,3 principles i have respected.

i am giving already alot of hints.

i have an earlier short from 1.2440 based on technical few weeks ago as well, but it did not retrace back, only at 1.2460 then i cut the losses as i clearly understand the rule of resistance turns support, and change my play out, as breakout has happened.

Expect to clip it soon.


Apparently your not looking at the big picture.

i had a good set up before, i had "my way".
But since this market came, its a complete nightmare... no fucking pull back anywhere .....

just a ladder, climbing climbing climbing... on some hours you can see 10 pips retrace! LOL

PS : Thanks for the link Mohan, really appreciated.
Thanks to Almo and 5percent too for their advice.