Trading EURUSD only

BTW that linked explorer of Steve's is INCREDIBLE.
WOW my brother that is some ROI.
At this rate you will own the country of Turkey and be PM.

Thank you sypherBG another good man.

Not because you affirmed what I am doing but because you post what you do and you make sense. No BS.

May short if it breaks below 57 in a decent manner.

A word about patience. As I am doing that now waiting on Ms Market to make up her mind or just wake up.

It is far better IMO to sit holding my "pip pip" then to get in and later holding my head regretting a bad entry thinking why did I fall to greed again...

enough for now

laters

Short @52 the indos gave the green light and my MM is strong so what will be will be.

5X15 sma
PA below both
PA broke below support (when I executed the trade)
RSI3 under 50 (although low)

30M PA near bottom fib (not ideal for an entry but not a deal killer either)
30M PA is not near any demand zones or larger support (more emphasis on that)

And the USDJPY ramp is here this should help

The euro has dropped to a session low of $1.3054 after failing to rally much above its 50-day average of $1.3120 overnight. The euro's recent strength on the back of yen weakness is running out of steam, says Brad Bechtel at Faros Trading, but big Japanese buyers could still help stem the common currency's declines. He says euro inflows from big Japanese institutions will move slowly, and technical traders betting against the euro will take over in the meantime. EUR/USD last at 1.3055, down 0.2%.

Later bro

If the price should happen to cross higher than 1.30650 I would see that as a possible signal to go long on account of it breaching a fractal on m15, and that is usually a fairly reliable indication (75% of the time). Subject of course to this not being a wave 4 retracement

But it has to go up 5 pips or so from here to get to there, and right now of course the NY traders are thinking about hometime.

Long @67

Short @52

The euro has been the best performing G10 currency since the Bank of Japan announced its aggressive easing plan on April 4. One factor behind the currency's nearly 2% rise since is due to expectations that euro assets will be bought by Japanese investors seeking yield while, Citi says. Perception of the so-called currency wars play a role as well, with the BoJ seen as much more likely to expand its balance sheet in the next few months than the European Central Bank. Finally, a good part of the market was short euros at the time, and has been forced to cover to avoid getting trampled by buyers. Citi sees the euro's run continuing in the very near term, but reminds readers that their analysis still shows a fair value of $1.26. Euro at $1.3056, down 0.2%.

Euro could go either way

More Obscene Pipnography
Attached Image
http://www.forexfactory.com/attachme...1&d=1365626439

Guys Whats your call for eur/usd for tomm that is thursday are u guys bullish or bearish on intraday however my personal view at this point is bearish , but i would really appreciate if @euroJD or u guys can gve me a sure shot call where i can make 100$ for tomm .... guys am at diastrate situation for this month help me to recover .... would appreciate it a lot buddies

See you guys laterz, i'm off work on my way home.

Bailed on the long @67 for +1 looks weak here
Have an existing long @ 1.3093

Got an existing short @ 1.3052

Brother I dont know if I could help you. To be honest there are no sure shots in FX. If there were we would all be rich.

The only sure thing is to have a solid trading plan and to use strong MM that is a good fit to your physiology.

I can understand the pressure you are under. Those are the worst circumstances to trade. When you have to make money you cant.

The worst thing you can do is over trade and I am the worst person to give market advice. I have all winners because I dont use SL HOWEVER I trade small.

For example I went short @52 just to see Ms Market rally immediately to 67 where I went long. There it went up a few pips and stalled. I got out for +1 and still am -16 on my short. Do I care? No because I trade smaller than rational in a pyramid formation and will see this position go into the money at some point

As I have said for many months It is a Walk to Wealth and Not a Race to Riches.

You will be OK if you trade small then you can stand tall when Ms Market goes against you.

Euro Briefing

[NEW YORK April 10, 2013 20:10 GMT] NY walked in with the pair 1.3100 after Europe failed to hold 1.3111 (38.2% Fib 1.3711-1.2740). Early action was quiet but bears took hold after BoJ’s Kuroda commented that the BoJ easing wasn’t aimed at a weak JPY. EUR/JPY dumped 130.45 to 129.51. EUR/USD followed & went from 1.3105 to 1.3065. A second look at Kuroda headlines deemed them misleading. JPY weakness resumed as EUR/JPY hit 130.51 & settled near 130.40. EUR/USD was a different story as an interview with Moody’s Portugal analyst stated the nation’s banks would need an additional EUR8bln in capital. The amount is greater than is available for the current bailout. EUR/USD dived to hit 1.3053. Talk of Asian demand ~ 1.3040/50 stemmed the slide & it bounced to sit near 1.3065 into the close. While the uptrend remains intact, bulls have some concerns. A shooting star candle on the daily chart % diverging RSI are warnings. The rebound off key res, 38.2% Fib & upper Bolli may be a harbinger of a pullback. Key s-t support lies at the April 9 low & a break puts 1.2900/05 in play where the 200 DMA & April 5 low reside. Bulls need a break of 1.3160/65 to feel more assured.

EuroTraderJD

Hi bro

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