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Trading EURUSD only

  • #38,281
  • Mar 17, 2013 9:50am Mar 17, 2013 9:50am
good luck with those trades.

Quoting goods
Analyzing the EU sentiment this morning to see what may become of it. In looking at this market I will give my 2 cents. Fundamental and Technical

Fundamentals
1. US - News Smoke and Mirrors BS - US is hurting
2. Eurozone - News Smoke and Mirrors BS - EZ is hurting
3. Technical - Looks like the big boys are only in it to make money when price goes up or when price goes does
4. Conclusion - Any news coming out of US or EZ whether it is economic calendar release or whether it is a PR the news will move price for x amount of time no longer...
  • #38,282
  • Mar 17, 2013 9:56am Mar 17, 2013 9:56am
as always said
FX has the lowest succes on predictions/forecasts
said by instutions/funds/...........

so making correct forecast meadium/long term for FX is something like fortune telling

& we have word in Turkish
"dont believe fortune tellers
but also listen to them "

so we are actually telling the fortune in the middle of currency wars.
as said earlier %80 of my >16,000 posts are wrong he he
  • #38,283
  • Mar 17, 2013 9:57am Mar 17, 2013 9:57am
I am still bearish on EURUSD
this does not mean that I will only trade Shorts

Quoting stevewalker
as always said
FX has the lowest succes on predictions/forecasts
said by instutions/funds/...........

so making correct forecast meadium/long term for FX is something like fortune telling

& we have word in Turkish
"dont believe fortune tellers
but also listen to them "

so we are actually telling the fortune in the middle of currency wars.
as said earlier %80 of my >16,000 posts are wrong he he
  • #38,284
  • Mar 17, 2013 9:58am Mar 17, 2013 9:58am
this why I am bearish

Quoting stevewalker
EURUSD

D1 CT
it failed to touch Equlibrum. almost reversed from Half way @ 3700
it will reverse from max 3478 & down to 2660


W1 CT
Neck line broken
then trapped & reversed from 3700
now we should go back to circle
then up again
  • #38,285
  • Mar 17, 2013 10:06am Mar 17, 2013 10:06am
I would say overall in the huge big picture yes I am bearish, at the very moment no. Of course can never predict. Anyway, always lock in profit

Quoting stevewalker
this why I am bearish
Know when to hold em, Know when to fold em!
  • #38,286
  • Mar 17, 2013 10:11am Mar 17, 2013 10:11am
OMG wow anybody every get scammed by ForexEternity by Tom Green? This guy came out with a video taht slams his scam!It is hilarious, I remember seeing a webinar by that him on trading the EU almost fell for it I knew it was a scam lucky enough. This is the most funny video I have every seen!

Inserted Video
  • #38,287
  • Mar 17, 2013 10:48am Mar 17, 2013 10:48am
Quoting stevewalker
as always said
FX has the lowest succes on predictions/forecasts
said by instutions/funds/...........

so making correct forecast meadium/long term for FX is something like fortune telling
AMEN

PIMCO ‏@PIMCO Gross: Cyprus deposit haircut moves risk-on trade to backseat. Sell Euro as well.
Trade smaller than rational because the market is irrational...
  • #38,288
  • Mar 17, 2013 10:55am Mar 17, 2013 10:55am
expecting the same reactin from MKT
shorting €

Quoting EuroTraderJD
AMEN

PIMCO ‏@PIMCO Gross: Cyprus deposit haircut moves risk-on trade to backseat. Sell Euro as well.
  • #38,289
  • Mar 17, 2013 11:01am Mar 17, 2013 11:01am
Quoting stevewalker
expecting the same reactin from MKT
shorting €
Right with you comrade gathering up the pips!
Trade smaller than rational because the market is irrational...
  • #38,290
  • Mar 17, 2013 11:05am Mar 17, 2013 11:05am
first lets see open

Quoting EuroTraderJD
Right with you comrade gathering up the pips!
  • #38,291
  • Mar 17, 2013 11:22am Mar 17, 2013 11:22am
Quoting stevewalker
first lets see open
Agreed only fools rush in.

I am already short (main account) and long (sub account) so I will make pips any way.
Trade smaller than rational because the market is irrational...
  • #38,292
  • Mar 17, 2013 11:23am Mar 17, 2013 11:23am
he he
good luck.

I dont let trades run during weekend.

Quoting EuroTraderJD
Agreed only fools rush in.

I am already short (main account) and long (sub account) so I will make pips any way.
  • #38,293
  • Mar 17, 2013 11:31am Mar 17, 2013 11:31am
Quoting stevewalker
he he
good luck.

I dont let trades run during weekend.
Good policy Steve you are most respected.

For me I trade smaller than rational and dont use SL so I have no worries as I am long and short in my walk to wealth...
Trade smaller than rational because the market is irrational...
  • #38,294
  • Mar 17, 2013 11:41am Mar 17, 2013 11:41am
I wish you a good luck on ypur jurney to wealth.
my guess you are trading with partially hedged. means you can make profit/loss as much as the difference.
but on the other hand you pay double cost

Quoting EuroTraderJD
Good policy Steve you are most respected.

For me I trade smaller than rational and dont use SL so I have no worries as I am long and short in my walk to wealth...
  • #38,295
  • Mar 17, 2013 11:45am Mar 17, 2013 11:45am
Quoting stevewalker
I wish you a good luck on ypur jurney to wealth.
my guess you are trading with partially hedged. means you can make profit/loss as much as the difference.
but on the other hand you pay double cost
Thank you Steve for the well wishes. Yes I pay double costs but the wins on the position out strip the costs.
Trade smaller than rational because the market is irrational...
  • #38,296
  • Mar 17, 2013 11:53am Mar 17, 2013 11:53am

Quoting EuroTraderJD
Thank you Steve for the well wishes. Yes I pay double costs but the wins on the position out strip the costs.
  • #38,297
  • Mar 17, 2013 11:56am Mar 17, 2013 11:56am
with two months of work at the end I quit drinking alcohol with the directions of my doctor & with the pressure of Mrs. Walker to prevent from future damages of liver.

I quit smoking 10 yearsago
I quit drinking
I am merried

& now I am nothing more then a vegetable
  • #38,298
  • Mar 17, 2013 12:09pm Mar 17, 2013 12:09pm
Quoting stevewalker
with two months of work at the end I quit drinking alcohol with the directions of my doctor & with the pressure of Mrs. Walker to prevent from future damages of liver.

I quit smoking 10 yearsago
I quit drinking
I am merried

& now I am nothing more then a vegetable
Hi Steve,
I'm new to forex and also to your thread. I haven't yet completed reading your first post. To see the length of the post, I came to the last post. You did great by quitting alcohol. As I'm a doctor, I highly appreciate it and would like to congratulate you.

For last two months I'm demo trading on EURUSD only. So I'm eager to go through this thread. But it's too long. Let's see how long I can go. May I ask you one thing as a novice to an experienced trader like you.... Is it worth reading the whole thread??

Thanks
Mazis
  • #38,299
  • Mar 17, 2013 12:13pm Mar 17, 2013 12:13pm
hi mazis12

its may be good about quiting it. but was difficoult to keep it that way. I was not a alcoholic but loved to drink. but cant anymore.......... maybe once a month if Mrs. Walker allowed me to do so.

absolutly not needed.
reading 1st page is enough.
whole thread is full of past predictions. definetly not needed.

well come
&
good luck

Quoting mazis12
Hi Steve,
I'm new to forex and also to your thread. I haven't yet completed reading your first post. To see the length of the post, I came to the last post. You did great by quitting alcohol. As I'm a doctor, I highly appreciate it and would like to congratulate you.

For last two months I'm demo trading on EURUSD only. So I'm eager to go through this thread. But it's too long. Let's see how long I can go. May I ask you one thing as a novice to an experienced trader like you.... Is it worth reading the whole thread??

Thanks
Mazis
  • #38,300
  • Mar 17, 2013 12:18pm Mar 17, 2013 12:18pm
nice page with infos

http://drsohel.hubpages.com/


Quoting mazis12
Hi Steve,
I'm new to forex and also to your thread. I haven't yet completed reading your first post. To see the length of the post, I came to the last post. You did great by quitting alcohol. As I'm a doctor, I highly appreciate it and would like to congratulate you.

For last two months I'm demo trading on EURUSD only. So I'm eager to go through this thread. But it's too long. Let's see how long I can go. May I ask you one thing as a novice to an experienced trader like you.... Is it worth reading the whole thread??

Thanks
Mazis
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