Some levels to ponder (obviously I'm in agreement with Max Doom's analysis).
http://i48.tinypic.com/5bnvwk.png
http://i48.tinypic.com/5bnvwk.png
- #744,062
- Jan 10, 2013 4:54am Jan 10, 2013 4:54am
3125 will have a lot more to say than 3100, but overall upside is open and as you know on the larger TF I am playing for 3490
not sure why I bother putting setups on here anymore, was a time people would discuss such things but not a single post back on the nice setup earlier that gave a nil drawdown winning trade in advance
Last night, I would have bet a pound to a piece of pigshit that this beast was going up - there was a falling wedge on both the 30min and 1hr TFs - but . . . there seemed to be so much sentiment for Shorting that I thought maybe I'd got it wrong.
I didn't check n the Forum this morning until just now . . . after I'd watched the EurUSD fly through R1 . . . .
Bollocks!
Max, keep it up, please. There are one or two people worth listening to and you're one of 'em
- #744,065
- Jan 10, 2013 4:56am Jan 10, 2013 4:56am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
EUR/USD hits session highs after Spanish bond auction
Borrowing costs falls as Spain sells debt; 5-year yield at 3.99%
Guys, plz do not try to go for short/bear now. It is very dangerous. Do not look at those uncertain analysis, really dangerous. Did every1 said not to go back against the trend?
It's not humanity to give out false signal.
if not iggy is on the way
- #744,073
- Jan 10, 2013 5:12am Jan 10, 2013 5:12am
well chap the best advice I can give you about forums, is to use them only to break up the boredom and to pick bits of knowledge up. Don't use them to gauge direction or even let them put you off your preferred trades.
You should factor in that anything below 4 hour TF is really noise and you will not get a good sense of trend from it. Planning trade direction on a higher TF and executing on a lower TF will give you an edge and reduce your risk. Trading entirely from lower TFs means that you are trading in the noise so you cannot expect to trade...
I've only been doing it for a couple of months so yes, I am that green - just wish all my bloody pips were. However, the more I see of it, the more I seem to be leaning towards the longer TFs, with bigger SLs, as I seem to be able to get a better sense of where things are going.
Not bloomin' easy though!
Thanks for the advice
- #744,076
- Jan 10, 2013 5:18am Jan 10, 2013 5:18am
- | Joined Sep 2012 | Status: Trader | 2,815 Posts
You should factor in that anything below 4 hour TF is really noise and you will not get a good sense of trend from it. Planning trade direction on a higher TF and executing on a lower TF will give you an edge and reduce your risk. Trading entirely from lower TFs means that you are trading in the noise so you cannot expect to trade for say 50 pips in a 30 pip noise zone it just does not work you have to take on too much risk to achieve it.
- #744,077
- Jan 10, 2013 5:19am Jan 10, 2013 5:19am
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
eurusd+eurgbp+eurjpy
- #744,079
- Jan 10, 2013 5:23am Jan 10, 2013 5:23am
I hope that this is a Demo accountcuz if Draghi doesn't say anything EUR negative you are in deep sh!t
i'm talking about consolidation period after a huge downside move that in 70 % occasions it continues prior trend.is it wrong?
this technical + some others for verification= realy worked for me.
except ECB decision we dont know exactly what the hell is(it is more likely to be eur negative), tell me your reason why eur should go up not down(technically or fundamentally)?