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EURUSD

  • #711,021
  • Oct 24, 2012 4:36am Oct 24, 2012 4:36am
We don't need the news. The news is just noise in direction. Trade what you see and you will be fine.
Quoting John Gray
How'd you know the news was going to be bad?
Work smarter,not harder
  • #711,022
  • Oct 24, 2012 4:36am Oct 24, 2012 4:36am
Quoting John Gray
How'd you know the news was going to be bad?
price action tells you where market will move, u dont need to know the news
  • #711,023
  • Oct 24, 2012 4:41am Oct 24, 2012 4:41am
Quoting mdrive
price action tells you where market will move, u dont need to know the news
nope need to be up to date with news, news creates some the violent moves, need to know when it due, dont necesarily need it so much for direction, but definitely need it for heads up to volatility
Ignore it at you own peril
If you are new to Forex? Say Goodbye to your account!!
  • #711,024
  • Oct 24, 2012 4:45am Oct 24, 2012 4:45am
Quoting marcof91
We don't need the news. The news is just noise in direction. Trade what you see and you will be fine.
Thats true short from 3074 tp was 2933
  • #711,025
  • Oct 24, 2012 4:46am Oct 24, 2012 4:46am
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Quoting mdrive
price action tells you where market will move, u dont need to know the news
..and Market reaction with ~100-150 pips up or down, does nothing? Sorry, but with open trades - I don't buy it. Old-fashioned behavior.
  • #711,026
  • Oct 24, 2012 4:52am Oct 24, 2012 4:52am
Quoting mdrive
price action tells you where market will move, u dont need to know the news
Wouldn't be saying that had the news been good and the price had spiked up through your entry killing you off in one second flat.
  • #711,027
  • Oct 24, 2012 5:06am Oct 24, 2012 5:06am
Quoting 2046
nasty-all european figures below expectations.
Cable got bad data as well.....all down today
Trades technical moves enforced by fundamentals
  • #711,028
  • Oct 24, 2012 5:09am Oct 24, 2012 5:09am
immediate resistance at 1.2950/60. next target on the downside 1.2900 then 1.2850.....
Good luck $ happy pips.
forexpillariscipline & patience Trader
  • #711,029
  • Oct 24, 2012 5:09am Oct 24, 2012 5:09am
Quoting mdrive
price action tells you where market will move, u dont need to know the news
Agreed ! But if draghi comes up with some comments like London in August then this pair could fly!! I'm personally out till the one hour candle closes after drag his speech! That will tell a lot!!
  • #711,030
  • Oct 24, 2012 5:14am Oct 24, 2012 5:14am
chart
Attached Image (click to enlarge)
Click to Enlarge Name: EUH12012.10.24.jpg Size: 189 KB
A chart helps those who can read it.
  • #711,031
  • Oct 24, 2012 5:14am Oct 24, 2012 5:14am
Made a new low but right away rejected it.
Work smarter,not harder
  • #711,032
  • Oct 24, 2012 5:17am Oct 24, 2012 5:17am
Alternative point of view guys.


Seb
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_h4_alt.jpg Size: 116 KB
  • #711,033
  • Oct 24, 2012 5:20am Oct 24, 2012 5:20am
Quoting 21vs7
usdchf s at 55
ej l at 15
eu l at 34

dont worry

meanwhile I did some irs also...everything under control
eu res at 50
usdchf down at 42
ej at 27

we break all of this...we have a +30runner
___________
spain falling..italy falling

bund undecided yet

dax looking to pop?
  • #711,034
  • Oct 24, 2012 5:24am Oct 24, 2012 5:24am
Quoting John Gray
How'd you know the news was going to be bad?
I dont really trade with the news but i will avoid trading during nfp for the 1st friday of the month.

I am in fact still learning to trade with harmonic pattern, bullish butterfly, bearish butterfly, bullish bat, bearish bat, etc, etc, and I always look for 2 times the profit(min) ratio to the stop loss, that is to say if i trade with 50 pips s/l, my t/p will be at least 100pips...

Harmonic pattern provides accuracy to 70% or 80% winnings so in the long run we will be profitable....
  • #711,035
  • Oct 24, 2012 5:25am Oct 24, 2012 5:25am
Quoting cantona32
I dont really trade with the news but i will avoid trading during nfp for the 1st friday of the month.

I am in fact still learning to trade with harmonic pattern, bullish butterfly, bearish butterfly, bullish bat, bearish bat, etc, etc, and I always look for 2 times the profit(min) ratio to the stop loss, that is to say if i trade with 50 pips s/l, my t/p will be at least 100pips...

Harmonic pattern provides accuracy to 70% or 80% winnings so in the long run we will be profitable....
As for the the short at 1.3054, there was a bearish butterfly signal generated in my mt4 platform before i took the trade..
  • #711,036
  • Oct 24, 2012 5:27am Oct 24, 2012 5:27am
Quoting cantona32
As for the the short at 1.3054, there was a bearish butterfly signal generated in my mt4 platform before i took the trade..
I think currently as I am writing at 1h platform, a bullish butterfly or gartley pattern is forming but I am still watching before I long eurusd...
  • #711,037
  • Oct 24, 2012 5:29am Oct 24, 2012 5:29am
closed

eurusd + 13
eurjpy +12
usdchf +11

total +93 for the day
  • #711,038
  • Oct 24, 2012 5:30am Oct 24, 2012 5:30am
Quoting mercy seat
Oct 23, 2012 23:26 (9 hr ago)

Quick survey for the EUR/USD based on latest rollover-reopen ...




2012-10-23_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-43 # FG51 (EN 48-hour)

2012-10-24_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-43 # FG51 (EN 12-hour)

Outlook with latest 12-hours...
"Additional Explanation"

In 12-hours downslope calculations (and extention zigzag FP 82) from downside projection has been hit ...

Elliottwise our daily TGT (24 hours survey) at 1.2903 is still untouched ...

2012-10-24_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-43 # FG51 (EN 12-hour)

Let's see what they think and how they will handle it ...

###

Position trades bias has been changed from bullish (+7) to a neutralized one ... due to yesterdays cross of below 1.3010 zone ...

And 1.2864 / 60 must hold in order to keep bullish hopes intact ...

If crossed below there - then you can forget the upside for a while ...

2012-10-24_11h00 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-43 # FG51 (EN 48-hour)

You can see our major keys which are based on latest update from 11:00 CET ...

It contains another 48-hours comment ...

There are still some TGTs not been taken out ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #711,039
  • Oct 24, 2012 5:33am Oct 24, 2012 5:33am
cable to short?

half at 11
  • #711,040
  • Oct 24, 2012 5:37am Oct 24, 2012 5:37am
Quoting 21vs7
cable to short?

half at 11
I shortened it 6008
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