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EURUSD

  • #703,381
  • Oct 5, 2012 6:54am Oct 5, 2012 6:54am
yes started on Monday

jus learning

Quoting Pegasus54
Are you a new trader? Just wondering.
  • #703,382
  • Oct 5, 2012 6:55am Oct 5, 2012 6:55am
Quoting stevewalker
yes started on Monday

jus learning


They think they are smarter than I am.
  • #703,383
  • Oct 5, 2012 6:58am Oct 5, 2012 6:58am
Quoting stevewalker
after failed 5 attemps at 1 H it should roll down

but did not.

may be next time
Maybe...but it probably needs to break out of this little 5 min channel first for a more clear direction. The odds may be a little better.
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REQUESTING NO VOUCHES.Vouches are useless.
  • #703,384
  • Oct 5, 2012 6:58am Oct 5, 2012 6:58am
Quoting mohan76
NFP is the hardest think to trade , it will take both short and long stops before it's make a move or stop yoyo game , some time profit not worth for the heath cost
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He who guess is LOST!
  • #703,385
  • Oct 5, 2012 7:00am Oct 5, 2012 7:00am
Quoting Z3iz3i
I dont really recall markets being this bad for many months in my whole trading life, started in 2008.

Meaning being directionless especially for daytrading. Anyone else?
yes sir correct!

its due to current change in general human behavior. and market conditions changes every 7 yr cycle, the new cycle started in 2010 with the introduction of "high frequency" trading in every market of the world. we are of the opinion that large traders are position traders yes they are but especially after 2007, they started high frequency intraday trading and we all receive rates 1/10 to 1.5 sec late. if you look back in history b4 2005 not much volatility but after 2007 you will notice 300%-500% increase in intraday volatility, trading is hard if we dont take quick action and with out deep market change what most traders are currently unaware of.

if we trade according to first decade of the 21st century then we lag behind we in 2nd decade of very high frequency trading in which trend is no longer your friend only one way market move most time with out retrace to quit or to minimize losses
Learning Requires Failure
  • #703,386
  • Oct 5, 2012 7:00am Oct 5, 2012 7:00am
Quoting stevewalker
yes started on Monday

jus learning
Ok, I thought so Trying to long AND short within such a tight channel results in losses 99.9% of the time. You may want to wait for a break then a retest of the break before taking a position. Another thing, its a very bad idea to trade 30 min before NFP.
REQUESTING NO VOUCHES.Vouches are useless.
  • #703,387
  • Oct 5, 2012 7:02am Oct 5, 2012 7:02am
or may be it may broke some of those

good luck!

walker.

Quoting Pegasus54
Maybe...but it probably needs to break out of this little 5 min channel first for a more clear direction. The odds may be a little better.
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  • #703,388
  • Oct 5, 2012 7:04am Oct 5, 2012 7:04am
Quoting stevewalker
or may be it may broke some of those

good luck!

walker.
What is that? Are those the charts you trade from?
REQUESTING NO VOUCHES.Vouches are useless.
  • #703,389
  • Oct 5, 2012 7:05am Oct 5, 2012 7:05am
Guys, the suspense is killing me, waiting for the breakout.

Am I the only one?

*** must control emotions***
  • #703,390
  • Oct 5, 2012 7:05am Oct 5, 2012 7:05am
yes I may loose some pips but when/if moves as said R/R will be more then 1/5
Quoting Pegasus54
Ok, I thought so Trying to long AND short within such a tight channel results in losses 99.9% of the time. You may want to wait for a break then a retest of the break before taking a position. Another thing, its a very bad idea to trade 30 min before NFP.
  • #703,391
  • Oct 5, 2012 7:05am Oct 5, 2012 7:05am
For my view, i think it's going down just to get some breath to going up. The market behaves like that, and i think the market is building momentum for the real direction (it is like "he" knows what's gonna happen). I'm not gonna predict i'm just gonna wait for a clear direction. 25 min to go.
Work smarter,not harder
  • #703,392
  • Oct 5, 2012 7:06am Oct 5, 2012 7:06am
lets focus on trading

NFP ahead


Quoting Pegasus54
What is that? Are those the charts you trade from?
  • #703,393
  • Oct 5, 2012 7:07am Oct 5, 2012 7:07am
Quoting KiwiTrada
which pair bro,
for eu I watching swissy she is really testing sresist, eu is stuck very tight range open and asian and 1 300 really boring, deadmans heartbeat
trying to figure out which support and resistant going to be taken by NFP and which going to hold


possible yoyo wave length 3036/45 or 2965/60 or both
Mohan
  • #703,394
  • Oct 5, 2012 7:07am Oct 5, 2012 7:07am
Quoting SaiLenFatt
Guys, the suspense is killing me, waiting for the breakout.

Am I the only one?

*** must control emotions***
Not the killing part but also waiting for the breakout.
  • #703,395
  • Oct 5, 2012 7:09am Oct 5, 2012 7:09am
Quoting stevewalker
yes I may loose some pips but when/if moves as said R/R will be more then 1/5
That 5 min chart is a bull flag, typically indicating a topside breakout (but not always). Coupled with the bullish hidden divergence, its likely a topside break would occur.Of course.....NFP coming out could definitely negate the entire pattern.
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REQUESTING NO VOUCHES.Vouches are useless.
  • #703,396
  • Oct 5, 2012 7:10am Oct 5, 2012 7:10am
Quoting stevewalker
lets focus on trading

NFP ahead
LOL, I thought I WAS focusing on trading.
REQUESTING NO VOUCHES.Vouches are useless.
  • #703,397
  • Oct 5, 2012 7:10am Oct 5, 2012 7:10am

Quoting Pegasus54
That 5 min chart is a bull flag, typically indicating a topside breakout (but not always). Coupled with the bullish hidden divergence, its likely a topside break would occur.Of course.....NFP coming out could definitely negate the entire pattern.
  • #703,398
  • Oct 5, 2012 7:10am Oct 5, 2012 7:10am
my forecast is down to 299x

then up where ever it can

time will tell
  • #703,399
  • Oct 5, 2012 7:11am Oct 5, 2012 7:11am
ups and downs
  • #703,400
  • Oct 5, 2012 7:11am Oct 5, 2012 7:11am
Quoting Pegasus54
That 5 min chart is a bull flag, typically indicating a topside breakout (but not always). Coupled with the bullish hidden divergence, its likely a topside break would occur.Of course.....NFP coming out could definitely negate the entire pattern.
I'm with you. I also see a bullish divergence on 5M and 15M charts. But like you said, NFP could wipe this out.
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