Trading EURUSD only

Alright guys. Time to say goodbye. My "free day" ended up with more or less 5 hours of trading & +0,65% return.

Have a nice weekend, read you on monday latest!

Sh*t !!! TP hit on long @ 1.28110 TP 1.3000 and tried to move it on 1.31 but my brokers platform stalled and didn't let me make corrections! Good profit anyway!

Always good when the money flows your way bro anything from a trickle to a flood.

Standing down is always smart. Ms Market can get sassy and smack us hard.

I took a BIG risk by shorting the spike. Usually not a good move but I am ITM and will bail if it reverses upward.

1. Big misses in US & Canadian jobs has EUR bid against North America
2. With ECB seemingly 'on hold' with rates USD & CAD get slammed
3. Mar 25 highs in EUR/USD (1.3050) & EUR/CAD (1.3344) are key for now
4. Stops are likely above both, if tripped another massive short squeeze likely
5. Chart: http://link.reuters.com/fym27t

Put a TS on for 10 pip trail leaving Hot Mama's for the office now. Dont want a winner to be a loser

You doing a great job here EuroTraderJD

Thanks mok1one.

Just trying to help my brothers out however I can. Just trying to be part of the team here. So many good contributors (including you) its hard to keep up.

TS got hit on short for +6 waiting to reshort at some point. Existing long @ 1.3031

Forex: EUR/USD retracts from 1.3028 spike high to 1.3000 mark

FXstreet.com (Barcelona) - The EUR/USD jumped by 72 pips to 1.3028 high on the release of the US NFP report, with the March figure at 88K (consensus of 200K) and the February number being revised higher from 236K to 268K. Profit taking has brought the pair to test the 1.3000 psychological level.

US average hourly earnings came in at 0.0% (consensus of 0.2%) and average weekly hours at 34.6 (consensus of 34.5). The unemployment rate in the US dropped unexpectedly from 7.7% to 7.6% in March. The US trade deficit narrowed from $-44.45B to $-43.00B (consensus of $-44.60B).

The first reading for GDP Q1 2013 came in at -0.6%. EMU retail sales contracted by -0.3% in February, more than the -0.2% expected and after a +1.2% rise in the previous month. The annualized figure rebounded from -1.9% (revised from -1.3%) to -1.4%, while market consensus was pointing to -1.8%. German Factory orders came in at +2.3% (MoM) and 0.0% (YoY) from -1.6% and -2.1%, respectively, surprising investors that were expecting +1.2% and -1.5%. The ECB announced LTRO repayments of €8.064bn from 20 banks, with the amount split roughly evenly between the first and second LTROs.

Mataf.net analysts point to resistance at 1.3040. On the downside, supports might be found at 1.2900, 1.2875 and 1.2795.

You know that this entry was with your pyramid system, so lot size was 8 times bigger than usual, and that makes it flood for me! Plus I got some pips on other pairs, this week made the whole month worth it. I' m considering flat next week. Thanks again bro ( if I have time this weekend I'm gonna backtest and set up that style correctly for me, and I should be able to finish my "enter early on news PA"/ scalping system)

I am very very happy for you brother! A win for one of us is a win for ALL of us.

I dont know how big your winning trade size was in relation to you other open trades (if any), account balance or if you use SL.

Personally 8x my next open position is a little rich for me. But you get the idea. Trade like a bankster and you will have wealth like a bankster.

Again I cannot stress enough Its a Walk to Wealth and Not a Race to Riches (ruin) so trade small and stand tall.




If you like I have a MS Word doc I can email to you over the weekend if you PM me your email address. It goes into more detail of how I trade and MM I use

1. Longs on side as rally extends north
2. Target is just shy of the 38.2% fibo of the Feb/Apr slide
3. Spot needs to close today above the 21 DMA again to confirm the bull bias
4. If this is the case then target the upper Bollinger in the upper 1.3000s next

Doesn't the EU correlate with equities, usually. Equities down 160 pts. and EU soaring! Weird that it would be up this much.

Chart Porn
Attached Image
http://www.forexfactory.com/attachme...1&d=1365170235

I don't think that a .1% down tick in unemployment rate should have had this great of an effect. Even though my charts say that we should be doing this. Doesn't make a lot of sense for a .1% decrease in unemployment rate and only 88k jobs. Should be down.

Forex Flash: Euro rally more to do with JPY plays than Draghi speech - BBH



FXstreet.com (Barcelona) - Brown Brothers Harriman analysts believe that the Euros rally after touching new yearly lows seemed to be largely a product of plays against the Yen, rather than something particularly inspiring from Draghi.

They write, “The revelation of an extensive rates discussion, the more dour economic assessment, and the pledge to watch developments closely combine to raise the odds of a repo rate cut as early as next month. We had anticipated a cut later in Q2 or even in July, which is when last year's cut was delivered.”

guys done for the day

trade well.

.

Got in from yesterday @1.2870, planned my trade and traded my plan, +146.

Now i'm wondering whether I should have held at least until the 3046 area. but as the maxim goes, 'pigs get slaughtered', so don't wanna be greedy.

MIGS, how's the brotha doin?