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EURUSD

  • #735,301
  • Dec 18, 2012 7:08pm Dec 18, 2012 7:08pm
Yen has some serious influence on the pair as well...
  • #735,302
  • Dec 18, 2012 7:10pm Dec 18, 2012 7:10pm
Quoting math_GB
Yen has some serious influence on the pair as well...
If 3220s are the asian low... we may welcome 1.3300s after a long time... It was end of April wasn't it??? The last time.
  • #735,303
  • Dec 18, 2012 7:11pm Dec 18, 2012 7:11pm
Quoting johncen
no sign of reversal at all...this pair gone crazy.....
The market will be crazy longer than one can stay solvent. Our friend Daytrader74 is an example of that.

It doesn't matter if you think the pair is crazy. It's doing what it's doing. What's important is to trade accordingly.
Not all sins are created equal
  • #735,304
  • Dec 18, 2012 7:12pm Dec 18, 2012 7:12pm
Quoting mohan76
more like year long short winding , last week of the year (working days) any think can happen
yes bro....thats what i m thinking...but at the moment..I see no chance for bear..
maybe time for a nap
Patience, Emotion Control and Discipline.
  • #735,305
  • Dec 18, 2012 7:15pm Dec 18, 2012 7:15pm
Quoting Jay Walker
The market will be crazy longer than one can stay solvent. Our friend Daytrader74 is an example of that.

It doesn't matter if you think the pair is crazy. It's doing what it's doing. What's important is to trade accordingly.
yes...well...its crazy but PA rules... fundies saying euro is the most attractive one at the moment...I understand y we go up and its in my book once we climb above 1.3150...
all we have to do is go with the flow...
but end of the year...probabli time for some rest n wait for baby bear to grow...
I love bear thats y i think its going crazy...
Patience, Emotion Control and Discipline.
  • #735,306
  • Dec 18, 2012 7:16pm Dec 18, 2012 7:16pm
Quoting johncen
yes bro....thats what i m thinking...but at the moment..I see no chance for bear..
maybe time for a nap
i will wait until i get my change , i have already switch ot one of my monitor to save some energy
Mohan
  • #735,307
  • Dec 18, 2012 7:17pm Dec 18, 2012 7:17pm
Quoting Jay Walker
The market will be crazy longer than one can stay solvent. Our friend Daytrader74 is an example of that.

It doesn't matter if you think the pair is crazy. It's doing what it's doing. What's important is to trade accordingly.
I'm in profit on my long now
  • #735,308
  • Dec 18, 2012 7:20pm Dec 18, 2012 7:20pm
Quoting mohan76
i will wait until i get my change , i have already switch ot one of my monitor to save some energy
I m thinking to switch off the monitor with my trading platform on it or replace with something else..
movie or game
or start packin up for holiday..
Patience, Emotion Control and Discipline.
  • #735,309
  • Dec 18, 2012 7:21pm Dec 18, 2012 7:21pm
Laters ppl. GN
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #735,310
  • Dec 18, 2012 7:23pm Dec 18, 2012 7:23pm
just as the bull are rallying this 2 week especially on eur/usd and gbp/usd. The bear may just come in suddenly to catch most people off guard, best is they are without stop loss, so their account can tank the way down or another scenario of catching btm, like catching top now.

when majority are shouting 1.34/1.35, then they may erase most gains in a short while favorably within hours, that's what bear is famous for. cross pairs like eur/aud, gbp/aud, eur/nzd etc may also fall rapidly too, once there's a sign of a real bear. Now PA is still rallying, most are just consolidation of gains and going higher.

it's just making the trader fear of buying higher or buying on dip, as most are paying attention to reversal then trend, about worrying buying too high.
  • #735,311
  • Dec 18, 2012 7:26pm Dec 18, 2012 7:26pm
Quoting Daytrader74
I'm in profit on my long now
Yes, yes you are.

But look at the numbers.

$11,000 lost. Gone.

You put back $100.

To get back to even, you would need to grow your account by 10,900%. Not dollars, percent! Without accounting for spreads, you would need to grow your account by 10% per trade for 50 consecutive successful trades.

Between 1973 and 1983, The Quantum Fund was directed by Jim Rogers and George Soros which gained 4200% in 10 years. You'd have to do phenomenally better than that. To the point that you should actually keep records of this because if you do grow $100 back to break even, trading firms will line up to hire you.
Not all sins are created equal
  • #735,312
  • Dec 18, 2012 7:30pm Dec 18, 2012 7:30pm
Quoting Jay Walker
Yes, yes you are.

But look at the numbers.

$11,000 lost. Gone.

You put back $100.

To get back to even, you would need to grow your account by 10,900%. Not dollars, percent! Without accounting for spreads, you would need to grow your account by 10% per trade for 50 consecutive successful trades.

Between 1973 and 1983, The Quantum Fund was directed by Jim Rogers and George Soros which gained 4200% in 10 years. You'd have to do phenomenally better than that. To the point that you should actually keep records of this because if you...
nice!
  • #735,313
  • Dec 18, 2012 7:31pm Dec 18, 2012 7:31pm
Quoting 5percent
just as the bull are rallying this 2 week especially on eur/usd and gbp/usd. The bear may just come in suddenly to catch most people off guard, best is they are without stop loss, so their account can tank the way down or another scenario of catching btm, like catching top now.

when majority are shouting 1.34/1.35, then they may erase most gains in a short while favorably within hours, that's what bear is famous for. cross pairs like eur/aud, gbp/aud, eur/nzd etc may also fall rapidly too, once there's a sign of a real bear. Now PA is still rallying,...
yup, bear strike when least expect it, check any pr, anytimeframe and can see who is violentest fighters (except interventions, banks and blabbermouth politicians)
If you are new to Forex? Say Goodbye to your account!!
  • #735,314
  • Dec 18, 2012 7:33pm Dec 18, 2012 7:33pm
Guys will it hit 1.33?

Why does it keep rising?
  • #735,315
  • Dec 18, 2012 7:35pm Dec 18, 2012 7:35pm
Priapism
  • #735,316
  • Dec 18, 2012 7:35pm Dec 18, 2012 7:35pm
Quoting Daytrader74
I'm in profit on my long now
Hardest thing to do is accept a loss, hopefully some of it is recovered.

Seriously, the most important advice I can give is, don't get stuck at the top.

hedge it before you get margin called on the bottom.

Top is soon, market bullish until Fiscal Cliff market anticipations begin.

Question: Even if a deal is sorted, won't the USD still be bullish from the sell-off on equities? i.e. Bearish EURUSD?
Even the worst trade can close with profit. Just give it time.
  • #735,317
  • Dec 18, 2012 7:37pm Dec 18, 2012 7:37pm
Quoting forex_fairy
Guys will it hit 1.33?

Why does it keep rising?
It will hit 1.33 someday.

It keeps rising because of Boehner. I myself call it "Euro's happy little Boehner boner".

Welcome to FF. Don't piss all your money away in one trade, keep a fairly decent stockpile of alcoholic beverages and don't take what you see on this thread too seriously.
Not all sins are created equal
  • #735,318
  • Dec 18, 2012 7:38pm Dec 18, 2012 7:38pm
Quoting Turhovach
Priapism
Fancy term for Euro's happy little Boehner boner.
Not all sins are created equal
  • #735,319
  • Dec 18, 2012 7:41pm Dec 18, 2012 7:41pm
Quoting 5percent
just as the bull are rallying this 2 week especially on eur/usd and gbp/usd. The bear may just come in suddenly to catch most people off guard, best is they are without stop loss, so their account can tank the way down or another scenario of catching btm, like catching top now.

when majority are shouting 1.34/1.35, then they may erase most gains in a short while favorably within hours, that's what bear is famous for. cross pairs like eur/aud, gbp/aud, eur/nzd etc may also fall rapidly too, once there's a sign of a real bear. Now PA is still rallying,...
well done...
I love ur post!
that is what we should always put in mind especially in situation like this..
end of the year..bear seems dead...
Patience, Emotion Control and Discipline.
  • #735,320
  • Edited 8:18pm Dec 18, 2012 7:48pm | Edited 8:18pm
Hi Guys, Mr Jim Rogers live with his family in Singapore!! Trying to interview this legend soon.
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