EURUSD

it works well when it works. usually more then one thing is pointing.. so far so good on the h

where's your weekly chart pointing?

Okay, I don't chime in too often, but I am a big fan of FF. I am also a profitable trader with over 15 years trading, and 7ish years in currency. I have made every conceivable mistake and learned a lot. I know how little I know and how much I need to know and that shapes my own trading style. I read the forums a lot but don't add too much because most of what needs to be said is already said by someone more respected. Pissing wars are for playgrounds and children. I do want to say this one thing. For me, context is everything. Context, context, context. So many times I see people saying,"I'm short at X.xxxx. Then someone else says the opposite, they're long. (laughing at each other) Then someone else, confused, asks why are you short/long... I see this and that happening. The problem is a lack of context, so it can be a bit confusing, even for seasoned traders. Depending on the context, it is possible for one trader to be long while another trader is short and for both traders to be right and profitable, or wrong and losers. A short term trader who trades 10-15 times a day on 5 min charts could have an opposite (temporary) position of a once a day or once a week trader on long time frames. The confusion arises because traders indicate a position without indicating their context. You're short... okay. But in what context? Are you short as a daily trader, or a 5 min intraday trader? Saying you're long or short without context is just babbling for the sake of babbling. I know, I know... if "we" ... "knew you' because of your hundreds of posts then we'd already know your context, and you hate repeating yourself. I get that. But many people are new to the forums and new to trading, and looking for experienced, wise, sages; such as yourselves, to help them learn how to achieve some level of success in a game that really is stacked against them. Many of you are very smart. Your posts are useful and admirable. All I am asking is that some of you consider taking the 2 seconds its takes to add the context of your position. Short E/U 1.2855, 5M, based on .618 fib. and pa resistance. It gives some context. That's much more meaningful and useful, especially to noobs, than short EU 55. Just trying to help.... my inflation adjusted 2 cents worth. Happy Thanksgiving to the World!

maybe wave 3...if yes...then 1.4-ish..i am cracking up thinking about it...

i think you know it but today was a short-sqeeze day

it wasn't the buyers who were pushing the market up but the sellers closing their positions
also note the low vol of the market
which as you know low vol sometimes gives fake signals


weekly trend remains bearish but 4H and Daily very bullish

...

there is something i want to add to your post. how do we know if short covers were pushing the market? even if so there could be enough amount of buyers who find the price attractive and buy. so i thing it would be more logical just to accept the price where it is right now. not accepting the fact and rigidity is fatal. and i agree with your daily sentiment.

yes in low vol days like holidays squeeze happens.

remember the EURCHF peg broken? it was a holiday day.

http://www.zerohedge.com/news/2012-1...olume-day-year

and the picture for US3000

I believe that reaching the last top we can see on the daily chart on .3015 will be the beginning of a huge drop to .2607 then .2453 and finally to .1850
Pls comment

if you target 1.18 or 1.0 or lower your S/L should be at least 1.32

even 1.35 and higher is a possiblility before a large drop.
(which i believe is 99% coming)

and if you target 1.18 or lower use 7D chart as your main chart, not the daily

I don't think so.. I hope you dont bet large here.. daily chart shows strength and month end is just around the corner... think a little bit dont just jump in. Money flows around month end.

The conspiration is going to end

at 1.2970... or not

I couldn't participate in this thread because i am busy with my own thread "Histobollinger". For me friday was very good day. Profit 90 Pips. Closed Long position. 1.2883 to 1.2973

So it will either go down...or up.

Please tell me more!

If it goes up anymore on monday i will loose more than my fucking shirt

your bowels?

and?

im still short 5 lots from 127.50

Easily we could go up more to 1.3100. COT DATA, many sentiment data indicate about 60% or more traders still holding short. Market will try to hit SL with big spike before it head down as alway. remember 95% of trader lose, that include top traders.

Why?

Hello there, 8 Posts in 2009, 1 post in 2010 and 1 post / last post few mins back on a Friday after the market closed and the very first post in EURUSD nice.
I was just having my dinner and going through my trades today and zooming from weekly to 1H on my chart and i thought i just come here to say good night to all - then i found your Post and i thought, let me learn a bit more.. So i have some Questions
1."many sentiment data indicate about 60% or more traders still holding short" - whta does that mean?
2. Are these datas from your Broker?
3. Why would 60% or more be short when they know - like you do that their Stop will be hunted by the spikes?
And Finally..
4. "remember 95% of trader lose" - If 95% of the Traders are loosers are you one of them?
I am just trying to learn, please dont take me wrong, i go for a Ciggy now abd be back in few mins.