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Trading EURUSD only

  • #4,321
  • Oct 23, 2012 7:56pm Oct 23, 2012 7:56pm
The volume is too thin to have any significant impact to move either way.
The best strategy is to stay on the sideline.........
  • #4,322
  • Oct 23, 2012 7:56pm Oct 23, 2012 7:56pm
Quoting Stefanus Ben
i'm glad if below 60
  • #4,323
  • Oct 23, 2012 8:00pm Oct 23, 2012 8:00pm
Quoting DudeSepii
The volume is too thin to have any significant impact to move either way.
The best strategy is to stay on the sideline.........
The best strategy my friend is to stick to your system.....and if your system gives you a signal you take it.....even if it means a loss....the less discretion the better....
Now that is my experience.....for you it could be better to stay on the sidelines...till after it makes the move....for security...
I said it and I am going to say it again....there is no right or wrong in forex....as long as you make $$$$
  • #4,324
  • Oct 23, 2012 8:21pm Oct 23, 2012 8:21pm
Right now it is sitting between 3 MA's.....the 50...the 35....and the 10.....if it breaks AND CLOSES above the 50ma...I am gone...
If it breaks below....
(it looks a little ugly cause some indis are pointing up...but you never know till the fat lady sings....)
  • #4,325
  • Oct 23, 2012 8:23pm Oct 23, 2012 8:23pm
Or I can pull the plug take a 6pip loss and wait till all align again....
  • #4,326
  • Oct 23, 2012 8:24pm Oct 23, 2012 8:24pm
I will wait...-7 pips....i am out....
  • #4,327
  • Oct 23, 2012 8:30pm Oct 23, 2012 8:30pm
Where do you think EURUSD hits first? 200 pips up or 200 pips down?
Its the million dollar question that I would like to know what you would answe
  • #4,328
  • Oct 23, 2012 8:43pm Oct 23, 2012 8:43pm
Quoting growingeuro
Where do you think EURUSD hits first? 200 pips up or 200 pips down?
Its the million dollar question that I would like to know what you would answe

My friend only GOD knows that answer.....

But if they put a gun to my head I would say short...It looks really weak to me "NOW".....
  • #4,329
  • Oct 23, 2012 10:03pm Oct 23, 2012 10:03pm
Short once again.....@2981....
  • #4,330
  • Oct 23, 2012 10:19pm Oct 23, 2012 10:19pm
Quoting 4xPIPAHOLIC
Short once again.....@2981....
  • #4,331
  • Edited 10:29pm Oct 23, 2012 10:27pm | Edited 10:29pm
Quoting 4xPIPAHOLIC
Short once again.....@2981....
Hola,

Look at this trade. Good Luck Short or Long. We are middle ground wedge.

http://www.forexfactory.com/showthre...65#post6126165
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4HR WEDGE.png Size: 59 KB
"My 2 cents"
  • #4,332
  • Oct 23, 2012 10:54pm Oct 23, 2012 10:54pm
Quoting Stimulus
Hola,

Look at this trade. Good Luck Short or Long. We are middle ground wedge.

http://www.forexfactory.com/showthre...65#post6126165
Yes I understand what you mean....I am getting signals short but they r weak....that is why I am trading with half of my position....the strong signal looks a couple of hours away...
  • #4,333
  • Oct 23, 2012 10:56pm Oct 23, 2012 10:56pm
Quoting 4xPIPAHOLIC


Yes I understand what you mean....I am getting signals short but they r weak....that is why I am trading with half of my position....the strong signal looks a couple of hours away...
Agree, my BB's are squeezing like a python, eventuall they will release and 5% of FX traders will make money.
"My 2 cents"
  • #4,334
  • Oct 23, 2012 10:58pm Oct 23, 2012 10:58pm
Maybe I should just go to sleep.....and come back in the US session....
  • #4,335
  • Oct 23, 2012 10:58pm Oct 23, 2012 10:58pm
Quoting Stimulus
Agree, my BB's are squeezing like a python, eventuall they will release and 5% of FX traders will make money.
  • #4,336
  • Oct 23, 2012 10:59pm Oct 23, 2012 10:59pm
Me too, gonna get 6hrs then i will come back and analyze. Take care.
"My 2 cents"
  • #4,337
  • Oct 23, 2012 11:02pm Oct 23, 2012 11:02pm
Going to sleep for sure....see you tomorrow...
  • #4,338
  • Oct 23, 2012 11:36pm Oct 23, 2012 11:36pm
i closed most of my position of the short entered at 1.3043 and 1.3053 at 1.2971 for 72 and 82 pips.. And now hold a small portion of trade from 1.3053 to target 1.2750 with Stop placed at BE +10 pips. 1.2750 is the 38.2 fib retracement level of the current up move in daily from 1.2041 to 1.3171.
Forex Learner
  • #4,339
  • Oct 24, 2012 12:20am Oct 24, 2012 12:20am
ok, got up to see it . looks like double top, walks like double top and also quacks like double top. let's short it. price failed even to reach 1.3000, under pivot. lower high. second high being 1 pip lower then the first. stop few pips above the top. the only problem news coming. a lots of them. anyway, the law of probabilities must be respected. double top means short it.
  • #4,340
  • Oct 24, 2012 12:28am Oct 24, 2012 12:28am
I start thinking me and Steve are somehow related. Come on insomniacs and trade e/u.
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