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EURUSD

  • #780,001
  • Mar 29, 2013 8:26am Mar 29, 2013 8:26am
Quoting mrblu
Everyone's saying it'll go down. I have yet to see evidence of this
When I started trading couple of years ago, I tried to predict where the PA would go... Since I've learned to stop doing that, I started making money...
I follow the price, not predict it... Just look at current setup, and form a plan of trading if certain conditions are met... Bottom line - PA goes up, I go long... PA goes down, I go short... Market does what it wants...

But daily trend is down, at the moment... And the trend is your friend...
Itchy Spirit Return This Year: na
  • #780,002
  • Mar 29, 2013 8:26am Mar 29, 2013 8:26am
Quoting mrblu
Everyone's saying it'll go down. I have yet to see evidence of this
Its a borderline moment. Rebound x Continuation
Time to decision.
I think next week we can see this definition...
My cristal ball says: rebound.
  • #780,003
  • Mar 29, 2013 8:27am Mar 29, 2013 8:27am
Quoting eliabreu
Its a borderline moment.
Time to decision.
I think next week we can see this definition...
Quoting eliabreu
Its a borderline moment. Rebound x Continuation
Time to decision.
I think next week we can see this definition...
My cristal ball says: rebound.
Oh wow, we three joined FF in the same month
  • #780,004
  • Mar 29, 2013 8:28am Mar 29, 2013 8:28am
Quoting Spiritwalker
When I started trading couple of years ago, I tried to predict where the PA would go... Since I've learned to stop doing that, I started making money...
I follow the price, not predict it... Just look at current setup, and form a plan of trading if certain conditions are met... Bottom line - PA goes up, I go long... PA goes down, I go short... Market does what it wants...

But daily trend is down, at the moment... And the trend is your friend...
  • #780,005
  • Mar 29, 2013 8:29am Mar 29, 2013 8:29am
Well, I'm short from 1.28220... Will see what happens...
Itchy Spirit Return This Year: na
  • #780,006
  • Mar 29, 2013 8:29am Mar 29, 2013 8:29am
Quoting mrblu
Oh wow, we three joined FF in the same month
  • #780,007
  • Mar 29, 2013 8:30am Mar 29, 2013 8:30am
Hello Everyone,

Still on the sidelines with this thing.
Long Term (Weekly) suggests lower. But it seems we are in a counter trend move.
1.3116 is 38% of the move down and could be a decent counter trend target opening up 1.2680 and 1.24XX below.

Hope all the regulars are having a good break (if you're in London or otherwise).
Happy Easter to everyone.
A pip is only worth it if you know how much you risked to earn it
  • #780,008
  • Mar 29, 2013 8:32am Mar 29, 2013 8:32am
Quoting mrblu
Oh wow, we three joined FF in the same month
Actually, no, we didn't... eliabreu joined in April, you and I joined in August..
Itchy Spirit Return This Year: na
  • #780,009
  • Mar 29, 2013 8:34am Mar 29, 2013 8:34am
Quoting Spiritwalker
Actually, no, we didn't... eliabreu joined in April, you and I joined in August..
Haha, I'm blind, just like how I didn't see this slight drop. Maybe the rock will drop?
  • #780,010
  • Mar 29, 2013 8:34am Mar 29, 2013 8:34am
EURUSD:
BUY
It is bullish movement for this pair today so I think if the price breaks through the level 1.28151 bullish movement will start. Targets of the bullish movement: 1.28853.
  • #780,011
  • Mar 29, 2013 8:36am Mar 29, 2013 8:36am
FWIW - This is EUR/USD Daily... Can't understand how anybody still looking for evidence that it is going down...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 48 KB
Itchy Spirit Return This Year: na
  • #780,012
  • Mar 29, 2013 8:37am Mar 29, 2013 8:37am
Quoting Spiritwalker
FWIW - This is EUR/USD Daily... Can't understand how anybody still looking for evidence that it is going down...
Because it's been trending down for two months?
A pip is only worth it if you know how much you risked to earn it
  • #780,013
  • Mar 29, 2013 8:39am Mar 29, 2013 8:39am
Quoting vlady1974
Because it's been trending down for two months?
That's my point? It's been trending down for 2 months...
Itchy Spirit Return This Year: na
  • #780,014
  • Mar 29, 2013 8:41am Mar 29, 2013 8:41am
Quoting Spiritwalker
That's my point? It's been trending down for 2 months...
You lose a lot of trades no?
To support you, please watch:

Inserted Video
  • #780,015
  • Mar 29, 2013 8:45am Mar 29, 2013 8:45am
Quoting Spiritwalker
That's my point? It's been trending down for 2 months...
Always depends on someone's objectives.... time is relative. Certain intraday-ers will scalp, so they would see Daily within a week's span - for them, the signal over the last 2 days is UP and they would be right.

Others who view Days within a longer term Monthly or Weekly would see any up move as counter trend, which they could either long on smaller positions then short big time at certain levels because they see price as going DOWN.

I'm the latter, but that doesn't mean I can't have a long view.
A pip is only worth it if you know how much you risked to earn it
  • #780,016
  • Mar 29, 2013 8:47am Mar 29, 2013 8:47am
Quoting ZacharyRC
You lose a lot of trades no?
To support you, please watch:

https://www.youtube.com/watch?v=LiE1VgWdcQM
WTF man? I lose some trades, yes - everybody does... But I do this full time, and make a decent living... And the EUR, my friend, is trending down... Market does what it wants - neither you nor I am going to change that...
Itchy Spirit Return This Year: na
  • #780,017
  • Mar 29, 2013 8:48am Mar 29, 2013 8:48am
Quoting Spiritwalker
WTF man? I lose some trades, yes - everybody does... But I do this full time, and make a decent living... And the EUR, my friend, is trending down... Market does what it wants - neither you nor I am going to change that...
Im not your friend, the trend is your friend.
  • #780,018
  • Mar 29, 2013 8:49am Mar 29, 2013 8:49am
Quoting vlady1974
Always depends on someone's objectives.... time is relative. Certain intraday-ers will scalp, so they would see Daily within a week's span - for them, the signal over the last 2 days is UP and they would be right.

Others who view Days within a longer term Monthly or Weekly would see any up move as counter trend, which they could either long on smaller positions then short big time at certain levels because they see price as going DOWN.

I'm the latter, but that doesn't mean I can't have a long view.
Couldn't have put it better myself...
Itchy Spirit Return This Year: na
  • #780,019
  • Mar 29, 2013 8:52am Mar 29, 2013 8:52am
Quoting Spiritwalker
Couldn't have put it better myself...
I was only giving guidance, I wish you well, someones got to be on the other side.
If your full time I would recommend programming your EA,then optimizing it, manual trading would be tough especially if your entering against the trade and watching it.
  • #780,020
  • Mar 29, 2013 8:53am Mar 29, 2013 8:53am
Quoting pipsin20s
Why USD/JPY Could Fall Next Week
I like your signature. 20 pips is always the target!

Good article. Was wondering what would trigger a slide in EJ and EU.
A pip is only worth it if you know how much you risked to earn it
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