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  • #785,681
  • Apr 10, 2013 4:53am Apr 10, 2013 4:53am
Double bottom on 5min chart ?
Stop going for the easy buck
  • #785,682
  • Apr 10, 2013 4:54am Apr 10, 2013 4:54am
Quoting SugarPink
hmm.. BOJ is printing money and its buying Japan debt (reducing the yield) and other securities (ie, monetize its debt). Who is selling are the investors. The people who were still holding yen are selling their yen to other currencies and the other who were holding japanese debt are moving to europe debt right now. Becase Japanese yield is so low (BOJ is buying).
That really helps me understand it! Thanks alot!
Any fundie help I can get is gold.
A pip is only worth it if you know how much you risked to earn it
  • #785,683
  • Apr 10, 2013 4:54am Apr 10, 2013 4:54am
Quoting Don2012
good for wht?? whts your plane?? DON
for buy entry
  • #785,684
  • Apr 10, 2013 4:55am Apr 10, 2013 4:55am
Quoting TsunamiPL
Double bottom on 5min chart ?
Nope.

A double bottom... is a double kiss at the bottom of a run. not in the middle of.
You're just seeing test/re-test price action.
Attached Image
A pip is only worth it if you know how much you risked to earn it
  • #785,685
  • Apr 10, 2013 4:56am Apr 10, 2013 4:56am
Quoting 4exNinja
Agree with you though that the US can't afford to stop printing for now...
Well maybe I put it as too hard facts. And this world never is black and white, there are shades of grey here. In fact they could, well, not slow down press, but use rhetoric suggesting they are preparing to slow down. You see, impact on markets would be flow out of equities and bonds, if there wasnt for BOJ . So in fact, BOJ actions now back up FED rhetoric. They can say whatever they want, because BOJ has their back and keep on printing. So I expect they will say something like "No worries, we wont destroy economy in long term, we are going to slow down the printing, just not right now, let us wait untill unemployment picks up". It really is funny how everyone is analyzing how BB blinks, yawns, scratches his moustache, and so on . Gotta love that.
"I know one thing, that I know nothing." Sokrates
  • #785,686
  • Apr 10, 2013 4:57am Apr 10, 2013 4:57am
Quoting Qatari man
IF we got another 4H candle close above 1.3110 that will be good
what if I tell you everyone may have the same H1 candle but not the same H4 candle.
back... and more dangerous.
  • #785,687
  • Apr 10, 2013 4:57am Apr 10, 2013 4:57am



http://www13.0zz0.com/2013/04/10/09/366796638.jpg
  • #785,688
  • Apr 10, 2013 5:02am Apr 10, 2013 5:02am
Quoting Tom_D_Trader
Well maybe I put it as too hard facts. And this world never is black and white, there are shades of grey here. In fact they could, well, not slow down press, but use rhetoric suggesting they are preparing to slow down. You see, impact on markets would be flow out of equities and bonds, if there wasnt for BOJ . So in fact, BOJ actions now back up FED rhetoric. They can say whatever they want, because BOJ has their back and keep on printing. So I expect they will say something like "No worries, we wont destroy economy in long term, we are going...
^^^ Good explanation of why I'm really focusing more on TA lately
  • #785,689
  • Apr 10, 2013 5:04am Apr 10, 2013 5:04am
Quoting Tom_D_Trader
... So in fact, BOJ actions now back up FED rhetoric. They can say whatever they want, because BOJ has their back and keep on printing. So I expect they will say something like "No worries, we wont destroy economy in long term, we are going to slow down the printing, just not right now, let us wait untill unemployment picks up"...
right on..
I am still looking on how ECB is gonna profit from this. I have no idea...
  • #785,690
  • Apr 10, 2013 5:07am Apr 10, 2013 5:07am
Quoting 4exNinja
^^^ Good explanation of why I'm really focusing more on TA lately
Like a year and half ago, I have made one of my biggest losses. Dont remember the exact number, but it was something like 3% in 20 minutes. It was right in the FOMC press conference. Back than, BB said literally nothing. I mean nothing. It was something like "If economy doesnt pick up, we may be considering actions". And boom, price spiked up 200 pips up, hurting me bad. I will try to look for it, it really was funny.
"I know one thing, that I know nothing." Sokrates
  • #785,691
  • Apr 10, 2013 5:13am Apr 10, 2013 5:13am
Quoting Tom_D_Trader
Like a year and half ago, I have made one of my biggest losses. Dont remember the exact number, but it was something like 3% in 20 minutes. It was right in the FOMC press conference. Back than, BB said literally nothing. I mean nothing. It was something like "If economy doesnt pick up, we may be considering actions". And boom, price spiked up 200 pips up, hurting me bad. I will try to look for it, it really was funny.
most of the time fomc just an excuse to move the market , it's party time for big fish and crying time for newbies
Mohan
  • #785,692
  • Apr 10, 2013 5:17am Apr 10, 2013 5:17am
Quoting vlady1974
Nope. A double bottom... is a double kiss at the bottom of a run. not in the middle of. You're just seeing test/re-test price action. {image}
morning Vlady
looks like we are in a 50 pip range 3073 to 3123
got a few pips this morning on a short from 3112 to 3108 then had to go out for an hour
waiting to see what 3100 holds maybe a pump and dump coming up lets see
Trade What You See Not What You Want To See
  • #785,693
  • Apr 10, 2013 5:17am Apr 10, 2013 5:17am
Quoting MaxDoom
seriously, you are easily impressed by an account with no money management and random results.. but why would you want to take that and use it to insult every single person on this thread? YOU along with plenty of others like you are everything that is wrong with the thread and slowly you are killing it between you. yes you are right most of the good traders here will not be here in 2-3 years time, because of the nature of this thread and the muppets like you that come along and destroy it. you saw a large account and were impressed but on that...
Very succinctly put, Max.
  • #785,694
  • Apr 10, 2013 5:19am Apr 10, 2013 5:19am


one i show them my account before two days they said i am liar !!

one i told entry in 1.2770 good for 400 pips people here said i am lucky !!

better .. i will stop posting until Friday i am sorry for confusing some people here

bye
  • #785,695
  • Apr 10, 2013 5:19am Apr 10, 2013 5:19am
Looks like everything is backing a bulling EUR/USD, but we all know in our business nothing is set in stone, and I bet every trader thats been following the market is drooling with anticipation.
  • #785,696
  • Apr 10, 2013 5:23am Apr 10, 2013 5:23am
Quoting KiwiTrada
swissy is close to 5ofib 9294 - 9300 bro and eu still flirting with montly level 3108 , I think she might have topped out , if she get below 3100 and swissy get above 9300 might look for a trade
i have decided to long swissy @ 9302 and 9305 sl are @ 9290 & 9292 now I wait , lokking for 200 50 sma cross with temp tp set, but will convert to PB if they get while Im awake, they have some work to do

I accept is retrospect post sorry they are already 6 & 3 pip green, but watching many charts
Trading the 50 fib of present daily rally from feb 1st & ltl of falling channel, risking 25 for 150ish return, key will be what yen prs do they are still struggling with resist, and uj is not far from 100.00 pysch level

chart swissy 4hr
Attached Image (click to enlarge)
Click to Enlarge Name: swissy 4hr 10 4 2013.png Size: 160 KB
If you are new to Forex? Say Goodbye to your account!!
  • #785,697
  • Apr 10, 2013 5:24am Apr 10, 2013 5:24am
Quoting Qatari man
one i show them my account before two days they said i am liar !! one i told entry in 1.2770 good for 400 pips people here said i am lucky !! better .. i will stop posting until Friday i am sorry for confusing some people here bye
Oh
  • #785,698
  • Apr 10, 2013 5:26am Apr 10, 2013 5:26am
Quoting Qatari man
one i show them my account before two days they said i am liar !! one i told entry in 1.2770 good for 400 pips people here said i am lucky !! better .. i will stop posting until Friday i am sorry for confusing some people here bye
Just an observation, but aren't you getting mad at the people whoem arent supposed to matter ? Alot of people are here for the informitave debate for both sides benifit if they are here to constantly better there trading. Isin't that all that matters, the rest means nothing.

All the respect
  • #785,699
  • Apr 10, 2013 5:28am Apr 10, 2013 5:28am
Quoting Cornelis
Just an observation, but aren't you getting mad at the people whoem arent supposed to matter ? Alot of people are here for the informitave debate for both sides benifit if they are here to constintly better there trading. Isin't that all that matters, the rest means nothing. All the respect
If you want people to be looking at you...just write in red, in big fonts, and in bold (for more viewers).

People in here (newbie) are easily impressed by a few pips made.
COT: The precious data ignored
  • #785,700
  • Apr 10, 2013 5:30am Apr 10, 2013 5:30am
Quoting math_GB
Oh
Trade What You See Not What You Want To See
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