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Trading EURUSD only

  • #28,261
  • Jan 1, 2013 7:56pm Jan 1, 2013 7:56pm
EU Broke important important Psyco Level, 1.3250. Let see where EU heading.



Twinsummit
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD TEST LEVEL - 2013.01.02 1.0.jpg Size: 222 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #28,262
  • Jan 1, 2013 7:58pm Jan 1, 2013 7:58pm
out +47 pips
Trade smaller than rational because the market is irrational...
  • #28,263
  • Jan 1, 2013 8:27pm Jan 1, 2013 8:27pm
good morning, fellow traders.

what a way to start a new year.

will 3285 act as resistance or will turn into support?
kindly share your thoughts and ideas.
small consecutive profits are BETTER than a single big gain
  • #28,264
  • Edited 1:00am Jan 2, 2013 12:45am | Edited 1:00am
EU within previous RS Level.


Twinsummit
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD TEST LEVEL - 2013.01.02 1.1.jpg Size: 208 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #28,265
  • Jan 2, 2013 12:54am Jan 2, 2013 12:54am
USA GOT SHUT OUT WAITING FOR MKTS TO OPEN HERE! Now they are stalling. Asians seem to be out of breath and out of money. Wait for the British Session for fresh money to come in. Even the spreads are rediculous now. Why dont we have the opportunity to trade from 11-midnight!!!! I use FXCM. CLOSED till 1am.
  • #28,266
  • Jan 2, 2013 12:58am Jan 2, 2013 12:58am
1.35 levels soon..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #28,267
  • Jan 2, 2013 2:35am Jan 2, 2013 2:35am
can't tell if its going to break 3300. also, what was the cause of that massive jump up about 6 hours ago? it went like 80 pips in one hour, was that just christmas sales boosting the economy? thanks for the help
2.5% per day compounding = $$$$$ ... no need to get greedy now
  • #28,268
  • Jan 2, 2013 3:00am Jan 2, 2013 3:00am
asian MKT very active, that unusual
but where is everybody, are they not trade today
You see, but you do not observe. The distinction is clear
  • #28,269
  • Jan 2, 2013 3:08am Jan 2, 2013 3:08am
Quoting dudeman4000
can't tell if its going to break 3300. also, what was the cause of that massive jump up about 6 hours ago? it went like 80 pips in one hour, was that just christmas sales boosting the economy? thanks for the help
that was positive response to fiscal cliff isnt it?
  • #28,270
  • Jan 2, 2013 3:17am Jan 2, 2013 3:17am
^right i think so
2.5% per day compounding = $$$$$ ... no need to get greedy now
  • #28,271
  • Jan 2, 2013 3:39am Jan 2, 2013 3:39am
hi guys...market is bull..will look to buy at 42 and 30..hope it don't reverse all the 80 pips move..in this case we go for 140
  • #28,272
  • Jan 2, 2013 3:40am Jan 2, 2013 3:40am
Quoting dudeman4000
can't tell if its going to break 3300. also, what was the cause of that massive jump up about 6 hours ago? it went like 80 pips in one hour, was that just christmas sales boosting the economy? thanks for the help
IMO:
The Bulls parked 'it' in a corrective pattern [sideways] during the holiday break.
It turned out to be a Zigzag_x_Triangle complex corrective pattern [Robert Balan style].
I always expect fast moves from triangles.
Cheers,
U2
Wait, or you will be slaughtered!
  • #28,273
  • Jan 2, 2013 3:45am Jan 2, 2013 3:45am
Quoting Uturn2
IMO:
The Bulls parked 'it' in a corrective pattern [sideways] during the holiday break.
It turned out to be a Zigzag_x_Triangle complex corrective pattern [Robert Balan style].
I always expect fast moves from triangles.
Cheers,
U2
4H Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 130102_4H[1] EURUSD.png Size: 22 KB
Wait, or you will be slaughtered!
  • #28,274
  • Jan 2, 2013 3:45am Jan 2, 2013 3:45am
Quoting Uturn2
IMO:
The Bulls parked 'it' in a corrective pattern [sideways] during the holiday break.
It turned out to be a Zigzag_x_Triangle complex corrective pattern [Robert Balan style].
I always expect fast moves from triangles.
Cheers,
U2
ok, i'm still learning so ill go research that. thanks for the tips
2.5% per day compounding = $$$$$ ... no need to get greedy now
  • #28,275
  • Jan 2, 2013 4:16am Jan 2, 2013 4:16am
Quoting dudeman4000
ok, i'm still learning so ill go research that. thanks for the tips
Robert Balan pdf [free on the net]
Refer P19
Attached File(s)
File Type: pdf Balan Robert-Elliott Wave Principle - Forex.pdf   5.7 MB | 5,415 downloads
Wait, or you will be slaughtered!
  • #28,276
  • Jan 2, 2013 4:21am Jan 2, 2013 4:21am
Quoting Uturn2
Robert Balan pdf [free on the net]
Refer P19
I happened to find the same one by a google search, thanks though I appreciate the help
2.5% per day compounding = $$$$$ ... no need to get greedy now
  • #28,277
  • Jan 2, 2013 4:28am Jan 2, 2013 4:28am
...must go back to 32 or lower!?
  • #28,278
  • Jan 2, 2013 4:56am Jan 2, 2013 4:56am
Anybody seeing a Wave -ii- GREEN correction?
Attached Image (click to enlarge)
Click to Enlarge Name: 130102_1H[2] EURUSD.png Size: 22 KB
Wait, or you will be slaughtered!
  • #28,279
  • Jan 2, 2013 5:13am Jan 2, 2013 5:13am
Quoting dudeman4000
I happened to find the same one by a google search, thanks though I appreciate the help
You are welcome!
If we can see what the smart money is or has been up to,
we can follow along..........
Wait, or you will be slaughtered!
  • #28,280
  • Jan 2, 2013 5:16am Jan 2, 2013 5:16am
Quoting Uturn2
Anybody seeing a Wave -ii- GREEN correction?
So far there is a gap or space between the 3228 high and 3232 low
[previously posted chart]
May be a $pace [Bulls in a hurry]?
Wait, or you will be slaughtered!
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