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Trading EURUSD only

  • #42,661
  • Apr 10, 2013 9:55am Apr 10, 2013 9:55am
Question is how far will wave B retrace???
  • #42,662
  • Apr 10, 2013 10:03am Apr 10, 2013 10:03am
Quoting rockstar1234
Just a suggestion:Why not give reference to the OP?
I am not sure what OP is brother
Trade smaller than rational because the market is irrational...
  • #42,663
  • Apr 10, 2013 10:08am Apr 10, 2013 10:08am
Quoting MeInGraySuit
Question is how far will wave B retrace???
Here is my daily for possible wave B retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 341 KB
  • #42,664
  • Apr 10, 2013 10:16am Apr 10, 2013 10:16am
Quoting MeInGraySuit
Here is my daily for possible wave B retracement. {image}
Thanks MIGS I like comparing your charts to mine, stay green my friend!
  • #42,665
  • Apr 10, 2013 10:18am Apr 10, 2013 10:18am
Quoting Bocephus
Thanks MIGS I like comparing your charts to mine, stay green my friend!
Thanks BO!
  • #42,666
  • Apr 10, 2013 10:20am Apr 10, 2013 10:20am
Quoting EuroTraderJD
I am not sure what OP is brother
original poster/post
  • #42,667
  • Apr 10, 2013 10:41am Apr 10, 2013 10:41am
1h is the challenge here, if it breaks 3040 next poss support
  • #42,668
  • Apr 10, 2013 10:41am Apr 10, 2013 10:41am
A small mistake made me miss 50 pips or more, I've setup Sell limit @ Weekly resistance but since I'm away from my PC, I've misread Weekly R1 as 1.3131 instead of 1.3113 ... I'm long now from 1.30635 .... still entering micro lots to gain confidence.

And thank you all for sharing your thoughts and views here. As of mine I still read bulls, with predicted retrace today. Tomorrow should get rejected from same level again 1.3113 (moved to 1.312x today), and back to 1.30ish(3-4), then Friday weekly R1 will be left behind. That's what I see and that's what I'm gonna trade.

PS: rockstar1234 I like what ET JD is doing cuz we don't have to go somewhere else and read some other webpage and then come back here again just to go to another page and read something else. He gather filter and deliver all the info on one place My girlfriend recently complained that she can't learn anything from google cuz she starts reading one thing, leading her to other, then third then guess what "oh that's interesting" and ends up reading about the love affair of Samantha Fox, when she really googled for "pure magnetic energy" for example
Mind you, my first name is Bad. ..."Nunc Id Vides, Nunc Ne Vides"...
  • #42,669
  • Apr 10, 2013 11:02am Apr 10, 2013 11:02am
Quoting Bocephus
1h is the challenge here, if it breaks 3040 next poss support
looks as if 1h has made a base here let's see what happens
  • #42,670
  • Apr 10, 2013 11:19am Apr 10, 2013 11:19am
GL, and kudos to EuroJD for real, his info is on point.
Quoting sypherBG
A small mistake made me miss 50 pips or more, I've setup Sell limit @ Weekly resistance but since I'm away from my PC, I've misread Weekly R1 as 1.3131 instead of 1.3113 ... I'm long now from 1.30635 .... still entering micro lots to gain confidence. And thank you all for sharing your thoughts and views here. As of mine I still read bulls, with predicted retrace today. Tomorrow should get rejected from same level again 1.3113 (moved to 1.312x today), and back to 1.30ish(3-4), then Friday weekly R1 will be left behind. That's what I see and that's...
  • #42,671
  • Apr 10, 2013 11:22am Apr 10, 2013 11:22am
Quoting rockstar1234
original poster/post
Thanks for clearing this up. I wasnt sure if OP was a trading term.

The reason I dont is because I got a ton of grief on another EUR thread (yea you guessed it) for posting news.

I was accused of being a marketeer for the companies I posted from another trader who used to post here.

NOTHING could be further from the truth. I have been a self employed software engineer & database administrator for over 13 years besides trading full time as I work from home.

I wish I was drawing an additional paycheck from these companies. I would put the money into my trading account and retire sooner.

So to prevent hearing you are plugging XYZ I dont give credit to anyone if I can help it.

That ended that accusation and I dont post any news on the bully EUR forum as it wasnt appreciated. The hater did everyone a disservice on that forum. He can give them news flashes but he hasnt posted anything since.

I even said no good deed goes unpunished. I do it as a service because many traders do not have good sources and FA is one of the pillars of trading. I am trying to help everyone as much as I can. Its good karma because what goes around comes around they say here in America.

Steve said it was OK to post news here and so did another moderator in a EUR forum. These two forums are the best for EUR in FF.

The other forum is a rough crowd but you will have that because class and respect isn't common place unfortunately
Trade smaller than rational because the market is irrational...
  • #42,672
  • Apr 10, 2013 11:26am Apr 10, 2013 11:26am
Quoting Lucrativ
GL, and kudos to EuroJD for real, his info is on point.
Thank you Lucrativ I try to tell the truth and post the truth from other sources.

It is amazing how many different views there are even from professional journalist. This is why I try to post from various sources.

To quote Fox "We report and you decide"

You are a good man Lucrativ
Trade smaller than rational because the market is irrational...
  • #42,673
  • Apr 10, 2013 11:28am Apr 10, 2013 11:28am
Pipnography for Pip Pervs (like me)
Attached Image
Trade smaller than rational because the market is irrational...
  • #42,674
  • Apr 10, 2013 11:31am Apr 10, 2013 11:31am
EUR dips on Moodys

 

  1. A short while ago Moody's lead Portugal analyst said banks need 8bln EUR more
  2. The amount stated is more than remains for the country's bailout program
  3. Market seems to be grabbing hold of the story now and EUR/USD is heavy
  4. Low of 1.3054 made & bounces slightly, Asian bids touted 1.3040/50
  5. Break of 1.3005 (apr 9 low) may have recent bulls begin exiting
  6. Chart: http://link.reuters.com/bej37t

Trade smaller than rational because the market is irrational...
  • #42,675
  • Apr 10, 2013 11:32am Apr 10, 2013 11:32am
EUR/USD keeps the lows around 1.3055/60

FXstreet.com (Barcelona) - The single currency is closing the session in red on Wednesday, hovering over intraday lows around 1.3055/60 in a context dominated by the risk aversion.

Looking into Thursday’s calendar, consumer prices in Germany and France will precede the ECB Monthly Report ahead of 3-year bond Italian auction. In the US economy, Imports/Exports Prices are due as well as the weekly report on the labour market.

At the moment EUR/USD is down 0.19% at 1.3057 with the next support at 1.3006 (low Apr.9) ahead of 1.2963 (low Apr.8) and finally 1.2928 (MA10d).
On the upside, a breach of 1.3135 (high Mar.8) would expose 1.3163 (high Feb.28) and then 1.3229 (50% of Feb-Apr slide)
Trade smaller than rational because the market is irrational...
  • #42,676
  • Apr 10, 2013 11:34am Apr 10, 2013 11:34am
Looking to go short if we cant break 67. Must wait for the indos to say go though for optimum entry level.
Trade smaller than rational because the market is irrational...
  • #42,677
  • Apr 10, 2013 11:37am Apr 10, 2013 11:37am
Quoting Bocephus
Thanks MIGS I like comparing your charts to mine, stay green my friend!
You two are also good men. It is a privilege to be in your company as we do battle
Trade smaller than rational because the market is irrational...
  • #42,678
  • Apr 10, 2013 11:41am Apr 10, 2013 11:41am
EuroTraderJD

Hi Bro

It is looking like that

Have to be very quick
Attached Image (click to enlarge)
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  • #42,679
  • Apr 10, 2013 11:43am Apr 10, 2013 11:43am
Might have to wait to go short for that notorious 3:30 PM Dow & SP ramp.

However tt didnt ramp yesterday so I am waiting waiting waiting

The only sure thing in FX is the unsure...for sure..
Trade smaller than rational because the market is irrational...
  • #42,680
  • Apr 10, 2013 11:47am Apr 10, 2013 11:47am
Quoting Pilager
In your opinion guys, how many pips should you aim for in a trade? Assuming you dont have a spike situation, for example right now it's just swinging between 70 & 80, should you take 2pips and run or wait for the chart to play out?
I always watch the indos. Ms Market is an unpredictable woman.

Its hard to define a fixed pip take profit. It is like "I demand the market do this."

No dont get me wrong brothers I get the fixed SL bit as part of risk management. I used to do it until Ms Market did it to me over and over again. Then I tried another approach as some of you have read the MM Pyramid I sent out.

Its eaiser for me just to be a cork bobbling up and down on the sea of PA taking what I can get when I can get it.
Trade smaller than rational because the market is irrational...
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