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EURUSD

  • #786,301
  • Apr 11, 2013 5:13am Apr 11, 2013 5:13am
Quoting kuroro001
Finally my 1,3110 has been hit
looks momemtum lillte strong
Mohan
  • #786,302
  • Apr 11, 2013 5:13am Apr 11, 2013 5:13am
Quoting walkman
fibo 38... still possible to sell {image}
What about 1.3165 ?
  • #786,303
  • Apr 11, 2013 5:14am Apr 11, 2013 5:14am
Quoting vlady1974
All closed? ... sorry missed the update. Congrats! Finally the PA is working your way. Of course, I still see higher!

of course i hate waiting because 1 pip and after TP see more higher levels in fact not working my way.

i did that trade conservative logic. i say no problem on my own
  • #786,304
  • Edited 5:28am Apr 11, 2013 5:14am | Edited 5:28am
Quoting kbp
general rule of thumb: if many people here say it's a short, then it will be long I'm in that "many people"
well you will not be the first to say it nor the last

but in all honesty even if you are right it means nothing.

flip a coin and if it is heads go long tails short technically you will be right 50%, but even if most new traders do that 90% of them will lose. Why? because it is not really about the direction, it is all about trade and money management, there is always room for a successful short and a successful long from the same price.

So the key is not what others are doing, it is all about what you are doing and how you do it that counts.

be successful
  • #786,305
  • Apr 11, 2013 5:15am Apr 11, 2013 5:15am
Quoting Tom_D_Trader
Gz all longs who covered. I am going to wait untill I loose whole floating profit. Like a sir. Btw, checking everywhere, but cant find a trigger. Now this had to be caused by something. This is exceptional move.
may be market mover get data 3h earlier
Mohan
  • #786,306
  • Apr 11, 2013 5:15am Apr 11, 2013 5:15am
Interesting breakout in EUR against all pairs. The move north wasn't followed by GBP, AUD, NZD...
"Luxury is one of the basic needs", (c), Don Corleone
  • #786,307
  • Apr 11, 2013 5:15am Apr 11, 2013 5:15am
Quoting xtsunami
A psychological take profit is as non-productive as a a psychological stop loss. IMHO, it is better to learn and understand time/price movements and than to trade those movements rather than deciding it has to go 150 pips. As far as the euro goes....there were a great deal of pips on the table. Count the pips on the swings of the hourly chart. If your system or strategy did not produce positive pips with such swings, you may want to consider alternative strategies or systems.
Something does not want the euro to fall, unless the time to give Sell
  • #786,308
  • Apr 11, 2013 5:16am Apr 11, 2013 5:16am
Quoting mohan76
looks momemtum lillte strong
Yes keep the longs...no shorts so far...5mn is full of green
COT: The precious data ignored
  • #786,309
  • Apr 11, 2013 5:16am Apr 11, 2013 5:16am
Quoting Firstboss
Sounds great in theory, but a fundamental trader needs weeks- and months-long patience, combined with nerves and leverage to sit in the negative through 500-1000 pip losses. Unlike Newton's laws of physics, a trend will continue trending until it changes itself - fundamental news only create speculative spikes
One of the many "forex lies" repeated by 1000's traders who do not understand when fundamental trading matters - you wouldn't have any drawdown if you sold in the window between 1,37/1,35

Quoting Firstboss
off-topic - I have just looked at monthly GBP/USD. To put it in short words, I won't be looking for any shorts in that pair
nice example, calling pair bullish 500 pips of the position which should have been taken around 1,4900/1,5000 - we are in the middle of the leg, a little too high for bullish confirmation, even for a trader who likes to limit risk to maximum.

I am not jumping here on you mate in any case but there is so much bs on fundamental trading and that bs is constantly repeated by many.
best of luck.
swing it!
  • #786,310
  • Apr 11, 2013 5:17am Apr 11, 2013 5:17am
Quoting mohan76
may me market mover get data 3h earlier
Yeah. I loved Cloggs with his Bloomberg platform in these situations. There could be some hint.
"I know one thing, that I know nothing." Sokrates
  • #786,311
  • Apr 11, 2013 5:18am Apr 11, 2013 5:18am
Insiders know about possibly bad US fundamentals or what is happening? Volumes arenīt strong, at 14:30 (Central European Summer Time) we will know more. Or slightly before.
  • #786,312
  • Apr 11, 2013 5:18am Apr 11, 2013 5:18am
Quoting KillerWhale
That was very easy trading, just go long and let it ride. Take profit Then wait till it pulls back Go long again Take profit And repeat! Big profits
way to go KW


nice to see you post here
  • #786,313
  • Apr 11, 2013 5:19am Apr 11, 2013 5:19am
Quoting MaxDoom
well you will not be the first to say it nor the last but in all honesty even if you are right it means nothing. flip a coin and if it is heads go long tails short 50% technically you will be right 50%, but even if most new traders do that 90% of them will lose. Why? because it is not really about the direction, it is all about trade and money management, there is always room for a successful short and a successful long from the same price. So the key is not what others are doing, it is all about what you are doing and how you...
100% agree.
COT: The precious data ignored
  • #786,314
  • Apr 11, 2013 5:19am Apr 11, 2013 5:19am
Quoting walkman
fibo 38... still possible to sell {image}
I've seen this sentiment a few times. Just because it's a recognised level doesn't mean price will turn on it.
I'm welcome to opinions and haters... but I am sure that big trades by big banks or corps don't give 2 hoots about 38 FIB if they have to purchase €150M EUR today for a deal....
A pip is only worth it if you know how much you risked to earn it
  • #786,315
  • Apr 11, 2013 5:19am Apr 11, 2013 5:19am
my key levels are 3143 and 3171.
  • #786,316
  • Apr 11, 2013 5:22am Apr 11, 2013 5:22am
Quoting P.Action
my key levels are 3143 and 3171.
1,3160 28/02 daily high....once cleared i'll be more cautious about going long
COT: The precious data ignored
  • #786,317
  • Apr 11, 2013 5:22am Apr 11, 2013 5:22am
Took a small short here. SL above the hump (1.31600) TP1 1.300 (Round number) TP2 1.2950
  • #786,318
  • Apr 11, 2013 5:24am Apr 11, 2013 5:24am
Quoting tomspin
nice example, calling pair bullish 500 pips of the position which should have been taken around 1,4900/1,5000 - we are in the middle of the leg, a little too high for bullish confirmation, even for a trader who likes to limit risk to maximum. I am not jumping here on you mate in any case but there is so much bs on fundamental trading and that bs is constantly repeated by many. best of luck.
Well, on GBP/USD we are talking about a monthly scale. At 1.49/50 it wasn't as obvious as now. ( Plus, I only looked at monthly on that pair today ;-) )
On monthly scale the upper limit is 1.64, and middle of BB is 1.58. So, it is very nice moment to call it - not too early, and not too late
"Luxury is one of the basic needs", (c), Don Corleone
  • #786,319
  • Apr 11, 2013 5:24am Apr 11, 2013 5:24am
Quoting kuroro001
1,3160 28/02 daily high....once cleared i'll be more cautious about going long

3143 daily 100 sma
3160 daily high of 28.02
3171 mid point 38.2-50 fibo level.

we will see which will be strong wall.
  • #786,320
  • Apr 11, 2013 5:27am Apr 11, 2013 5:27am
Quoting gatorinla
s 3086.. stops above 92
s/o -1/4%
the original #2 bull at 3129 was hit.. the one at 3106 was overshot. most times after will retrace some. 3115 is a mid for a cub at 3110
bull #3 at 3150
those who can, do. those who cant, talk about those who can
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