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Trading EURUSD only

  • #10,541
  • Nov 8, 2012 4:20am Nov 8, 2012 4:20am
Quoting stevewalker
Long @ 2724
Yup, already did

but for all you know i could get stopped out in the next 5 seconds.
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  • #10,542
  • Nov 8, 2012 4:22am Nov 8, 2012 4:22am
that long is a risk counter trade you never know when the next impulsive moment will exist
  • #10,543
  • Nov 8, 2012 4:23am Nov 8, 2012 4:23am
Quoting Farrusco
that long is a risk counter trade you never know when the next impulsive moment will exist
sure, as long as I manage my stops properly it'll be fine

fyi this looks the the exact REVERSE of what the market was doing BEFORE the drop happened.
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  • #10,544
  • Nov 8, 2012 4:23am Nov 8, 2012 4:23am
... looks like H & S pattern ...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_hs_2012_11_08.gif Size: 9 KB
  • #10,545
  • Nov 8, 2012 4:23am Nov 8, 2012 4:23am
saw that new minimum you were warned
  • #10,546
  • Nov 8, 2012 4:24am Nov 8, 2012 4:24am
Quoting Farrusco
saw that new minimum you were warned
it closed as a pinbar on the 3min chart...
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  • #10,547
  • Nov 8, 2012 4:25am Nov 8, 2012 4:25am
Quoting ciekaf
... looks like H & S pattern ...

Attachment
IT was a long term top that was formed on the 3 min charts earlier... Now it looks like a intermediate bottom is forming.
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  • #10,548
  • Nov 8, 2012 4:27am Nov 8, 2012 4:27am
the PROBLEM is there is no consensus on more weaker €
we are in the middle of war for along time.
different players mainly Central Banks are heavy players in actual MKT.
  • #10,549
  • Nov 8, 2012 4:28am Nov 8, 2012 4:28am
Quoting stevewalker
the PROBLEM is there is no consensus more weaker €
we are in the middle of war for along time.
different players mainly cental Banks are heavy players in actual MKT.
And you know what they say about never being on the other side of trade against a central bank.
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  • #10,550
  • Nov 8, 2012 4:31am Nov 8, 2012 4:31am
Just a thought - many false breaks, long wicks and pinbars appearing these week on the charts - could be another one here!

And since the 50MA is still above the 200MA, there's always a chance EURO will bounce back to hit new highs.
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  • #10,551
  • Nov 8, 2012 4:31am Nov 8, 2012 4:31am
Which one ?

FED
BOJ
BOE
ECB

Quoting shellsnail
And you know what they say about never being on the other side of trade against a central bank.
  • #10,552
  • Nov 8, 2012 4:32am Nov 8, 2012 4:32am
FED is private bank, ECB is ruled by independent autorithies. They can do what they want....
  • #10,553
  • Nov 8, 2012 4:33am Nov 8, 2012 4:33am
which one is trading
when?
Direction?

wtihout knowing those how will you stay away trading against them?

Quoting stevewalker
Which one ?

FED
BOJ
BOE
ECB
  • #10,554
  • Nov 8, 2012 4:34am Nov 8, 2012 4:34am
what you say is correct but has no answer

Quoting stevewalker
which one is trading
when?
Direction?

wtihout knowing those how will you stay away trading against them?
  • #10,555
  • Nov 8, 2012 4:35am Nov 8, 2012 4:35am
NONE of THE Central Banks on earth is PRIVATE

Quoting Farrusco
FED is private bank, ECB is ruled by independent autorithies. They can do what they want....
  • #10,556
  • Nov 8, 2012 4:35am Nov 8, 2012 4:35am
yes they are... FED is private company NOT public

It's a decentralized central bank, inside the government and independent from it.
  • #10,557
  • Nov 8, 2012 4:36am Nov 8, 2012 4:36am
if you beliave that then you are OPTIMISTIC
very very very OPTIMISTIC
Quoting stevewalker
NONE of THE Central Banks on earth is PRIVATE
  • #10,558
  • Nov 8, 2012 4:38am Nov 8, 2012 4:38am
back to over 2736
  • #10,559
  • Nov 8, 2012 4:39am Nov 8, 2012 4:39am
Yep, Long trade working out great

Took partial profits thought!
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  • #10,560
  • Nov 8, 2012 4:39am Nov 8, 2012 4:39am
as soon as ıI make pips I dont care
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