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Trading EURUSD only

  • #23,261
  • Dec 10, 2012 11:10pm Dec 10, 2012 11:10pm
patient pay$$ off
Quoting Benjie
Patience is paying off, now all I have to worry about is not being too greedy.
2980 in sight..
  • #23,262
  • Dec 10, 2012 11:18pm Dec 10, 2012 11:18pm
Agreed, leave it to the politicians to mess up a good trade set up, closed short at 4:21 at 2930 +2 pips.

Bad enough taxes are going up, now they are taking my pips away with rumors.

Got to be disciplined and put the stops in.

As I read the story, seems more like wishful thinking than any concrete progress. More of a trial balloon IMO.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #23,263
  • Dec 10, 2012 11:22pm Dec 10, 2012 11:22pm
LG @ 2948
NS
Target 2974
  • #23,264
  • Dec 10, 2012 11:24pm Dec 10, 2012 11:24pm
I see this going up to 1.2980 for sure.
  • #23,265
  • Dec 10, 2012 11:29pm Dec 10, 2012 11:29pm
Quoting stevewalker
LG @ 2948
NS
Target 2974
i am also LG from 485

more of a scalp however, not big target

i do see 1.298x as possible


momentum slowing down however on bigger tfs

h4 hidden divergence and regular (bearish)
Be hopeful in a winning position, and fearful in a losing position.
  • #23,266
  • Dec 10, 2012 11:31pm Dec 10, 2012 11:31pm
Just in case I put TP: 1.2970.
  • #23,267
  • Dec 10, 2012 11:34pm Dec 10, 2012 11:34pm
Long Party , now that everyone is long we only need to take the euro with us to the
  • #23,268
  • Dec 10, 2012 11:34pm Dec 10, 2012 11:34pm
Quoting Julexo
46 im long...mid demand ...may give for me 72...
@55 1/2 closed ...others free run
  • #23,269
  • Dec 10, 2012 11:39pm Dec 10, 2012 11:39pm
Quoting Rag2RichesFX
i am also LG from 485

more of a scalp however, not big target

i do see 1.298x as possible


momentum slowing down however on bigger tfs

h4 hidden divergence and regular (bearish)
reduced to 60% size @ 57.5
Be hopeful in a winning position, and fearful in a losing position.
  • #23,270
  • Dec 10, 2012 11:41pm Dec 10, 2012 11:41pm
USD Index hovering around its low for the day 80.22
  • #23,271
  • Dec 10, 2012 11:50pm Dec 10, 2012 11:50pm
The worst is "magic" levels determined in the market but no disclosure of how they've appeared. Information without context is useless to traders, yet in the commercial area here it's just littered with stuff like this. It's really funny, actually. No one will get a life long customer touting magic levels, complete waste of time. And those after an ego rub, even worse! Execution is the hard part in trading, not finding levels.

#FXFUSE

Quoting mok1one
The reason would be?

1Page

"Traders Should Stay Away from Manuplating Other Traders with Posting Directions Without Technical Reasons"
  • #23,272
  • Dec 10, 2012 11:55pm Dec 10, 2012 11:55pm
in my opinion a lot of magic levels come from divergence being valid or not, and if a level is pierced, it creates room for the momentum to continue

the level that would invalidate it is often defended or used as a take profit point

just my experience


i can explain it better but with charts, but such was the case was the last fall on the weekly, from a lack of piercing 1.3138

add: levels like this exist on all time frames and if broken create room for momentum to continue running

but it can be harder to see the levels on smaller TFs, especially the M1
Be hopeful in a winning position, and fearful in a losing position.
  • #23,273
  • Dec 10, 2012 11:56pm Dec 10, 2012 11:56pm
Quoting Fxfuse
The worst is "magic" levels determined in the market but no disclosure of how they've appeared. Information without context is useless to traders, yet in the commercial area here it's just littered with stuff like this. It's really funny, actually. No one will get a life long customer touting magic levels, complete waste of time. And those after an ego rub, even worse! Execution is the hard part in trading, not finding levels.

#FXFUSE

I hope this helps.
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  • #23,274
  • Dec 11, 2012 12:02am Dec 11, 2012 12:02am
Thanks. We have the same level: http://www.forexfactory.com/showthre...55#post6280155


Quoting Trader2000
I hope this helps.
  • #23,275
  • Dec 11, 2012 12:04am Dec 11, 2012 12:04am
Quoting Rag2RichesFX
reduced to 60% size @ 57.5
reduced to 40% size @ 61
Be hopeful in a winning position, and fearful in a losing position.
  • #23,276
  • Dec 11, 2012 12:04am Dec 11, 2012 12:04am
Quoting Fxfuse
Thanks. We have the same level: http://www.forexfactory.com/showthre...55#post6280155
YW. I am still in the process of advance learning now so if you see something that you don't agree, please share your opinion because I want to learn as much as I can.
  • #23,277
  • Dec 11, 2012 12:04am Dec 11, 2012 12:04am
exit %50 +11
%50 runner 2970
Quoting stevewalker
LG @ 2948
NS
Target 2974
  • #23,278
  • Dec 11, 2012 12:05am Dec 11, 2012 12:05am
What I specifically mean is telling traders, for example, "1.30 is our target resistance zone based on our formulas" but giving them no reason as to why. For all you know they are using indicators or math that is completely out of tune with how you need to apply that level to your own trading, so it's essentially useless as a signal. I've noticed a lot of this type of thing going on.

Quoting Rag2RichesFX
in my opinion a lot of magic levels come from divergence being valid or not, and if a level is pierced, it creates room for the momentum to continue

the level that would invalidate it is often defended or used as a take profit point

just my experience


i can explain it better but with charts, but such was the case was the last fall on the weekly, from a lack of piercing 1.3138

add: levels like this exist on all time frames and if broken create room for momentum to continue running

but it can be harder to see the levels on smaller...
  • #23,279
  • Dec 11, 2012 12:10am Dec 11, 2012 12:10am
lg 2950, revised my SL to BE..
Looking at 2973/75 for 50% TP..
  • #23,280
  • Dec 11, 2012 12:14am Dec 11, 2012 12:14am
Quoting Fxfuse
What I specifically mean is telling traders, for example, "1.30 is our target resistance zone based on our formulas" but giving them no reason as to why. For all you know they are using indicators or math that is completely out of tune with how you need to apply that level to your own trading, so it's essentially useless as a signal. I've noticed a lot of this type of thing going on.
Have you heard of Steve Nison candlesticks pattern? I will order the dvd package soon. I've watched some of his videos on youtube as an example and it seems that candlesticks are one of the best tools in trading either forex or stocks. I know basic stuff about candlesticks but Steve explains it from basic all the way to the advance how to use and read each candlestick properly.
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