EURUSD

Jay said, it is Oanda... I was surprised TBH.

Don't blame you. Anyway it's going to be in a tight range for ages - see you later (once it drops 200+)

I'm starting to see things maybe.. after this 14 hours day..

FIFO rules, however he had 10 trades on, he could have easily have closed a few of the earlier ones and reasses his trading plan while keeping his account from getting margined.

Don't trouble yourself unless you have to mate... asia will probably do nothing untill 6:00 am. I am playing for the downside however it won't be easy. there is the Zee German data tomorrow, untill then it will probably range just over 1.3200s. We broke something important today, the move on friday is nothing compared to that. There must be will for the downmove yetIı don't see any.

but daytrader defiantly not with Oanda (max leverage 50), as far is i know daytrader giving incorrect information to us

Incoming

Why does that not surprise me.

Don't feel offended mate. So many money managers come to here/me, that they are based in Monaco blah blah... And you keeping yourself so secret gives me the idea that, we are seeing a new holy grail owner. Maybe I am wrong. I am however on the same with you short @1.3230...

are you short now, mohan?
btw, if you are scalper, np. if you are swing trader, wish you good luck. just in case, be careful.

this forum is in many good mans

Tell us what you see Gimli - Son of Gholin (Lord of the Rings)

profit taking is only likely to come when a negative news against eur/usd send it off by a sudden dumping of a long bear candle.

Most long positions are likely to be on trailing stops than profit taking target, even if target is reached, i only expect partial then a full taking as most long probably may want higher on a trend. Only a sudden bearish engulfing that's like at least a good 50-100 pips length can turn the scenario. Once it offset the long positions, then only short positions will gain control gradually, as by then long may turn to be short, and when each level of support began to break, more and more trailing stops get hits, then we see our retracement before any reversal.

Most position in a trend are being as ass, they can take hours to drop and mere minutes to climb, because that's trend. Most against trend positions are likely to be so called minor retracement/correction for more dips buyers to fill in at support level. Just like previously when 1.2880 crack, how price dive to 1.265* area, when price is on trend, no matter how much a buyer buy he still feels hes fighting trend, only until certain level of price is gained control by a lift up from 1.26 into 1.28, a good 100 pips lift, it offset the trend and short positions gradually, and positions start to change sides.

A need for a negative news that can send eur/usd down quickly is important to drive fear and panic to the long position takers. As bids will less likely to fill in at S1 or even S2 depending on fundamental. Just like how we see each level of R get broken easily as ideally, no one is really willing to tank for long. Retail positions are minor and small compared to the bigger ones. Options barrier won't stand once its broken, as it will be accompanied by buy stops likely, as we witnessed how each breakout send the price higher and higher and consolidated without falling.

eur/usd can be an ass when coming to bids/offers, just like how friday's squeeze in US lone session send price in one direction.

No offence taken. Good luck with your short

It wasn't a serious post, but if it pissed you off that much....

watch what asia is doing. was a pretty good indicator the last several days.. if they don't play the same, then it's time to start asking questions...

True again... I believe I have set the stop @ a good place and trust the fact that profit taking to a certain extent will take place before friday. I want to see the asia low, I may close around there whichIı don't expect to be @1.3185 a little above, tomorrow untill the German data some range and probably hitting the roof before that and re-short again risking the profit I made with my current short. I know I am a little late to enter a LONG above 1.3200 that is another reason, this week we may end around 1.3300 but don't think it will be much higher than that. Anyway, just playing my game but regret me not listening to the post you have written over the weekend.

The same reason i been up last few days during asia while i should be in bed, let see what they do this hour

somebody who's paying attention..

I didn't say he was using Oanda. I said Oanda doesn't allow it.