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EURUSD only 181,095 replies

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Trading EURUSD only

Quoting stevewalker
Guys & Gals We had good friendships here & had good trades too But in last two weeks I had lost my trust to FF, Twee & his desecions. I had asked him 3 questions but unfortunatelly can not get the answers. This tells me, I am wright about my thoughts. For me if an environment is not fair for all ( not only for me, REPEAT, FOR ALL ) then I can not stay there. It makes me sick & I mean that. The Rule is Simple : If something happens once it repeats. I tried to get the answers from Twee for a week, not posted & protested during the period. Now as...
sorry to hear that steve...

this thread´s been a great pleasure and a nice platform for "professional" meaning focussed exchange of knowledge and information.
I fear this thread will dry out or become a mess if you leave the place - but time will tell.
For me it was a great help to write and read in this thread. I learned a lot & have improved a good bit, although there still is plenty space for improvement..
(just finished the first part of my semi-automation for luckyl`s trading system 2.0 ...)

as a german saying states: "one sees another always twice within a lifetime."

hope this one proofs right...

bye and good luck for your future trading career!

luckyl
Quoting Lucrativ
lUCKLY, this Lucrativ man, and i'm very interested in hot keys for opening and closing trades. please hit me up on that. thanks
PM
TA from TC

EUR/USD intraday: further advance. Pivot: 1.3065

Our preference: Long positions above 1.3065 with targets @ 1.316 & 1.32 in extension.

Alternative scenario: Below 1.3065 look for further downside with 1.303 & 1.2995 as targets.

Comment: the next resistances are at 1.316 and then at 1.32.

Key levels
1.323
1.32
1.316
1.31 last
1.3065
1.303
1.2995


Ticker : EUR
http://www.tradingcentral.com/chart/...0134112275.GIF
Quoting sypherBG
NO SL on my deals bro. I've read somewhere that PA tend to hit SL and then move the correct way. Made a note there and now I watch the marker instead of putting SL.
AMEN brother. You and I have walked down the same path. When I traded Silver with OANDA I would place wide SL just to have a long wick touch and instantly rebound.

Same with E but not as long of a wick. Finally got sick of being hunted so I traded with SL so I am now the hunter..
Trade smaller than rational because the market is irrational...
Quoting 16Nov16
I couldn't agree more. I'd swear that if I really wanted to "move Mr. Market", all I'd have to do is place a trade, put in my SL and then watch it move inexorably towards the SL price!!
AGREED they dont call it a stop hunt for nothing. Brokers only get paid when an order is filled so stretching the price with bids and asks by them isnt out of the realm of possibility. I would say its a fact.
Trade smaller than rational because the market is irrational...
Quoting wiseambition
Many very professional traders would say never risk more than 1 or 2 per cent a trade. I may be rather more aggressive than that but it sometimes goes very wrong. Remember: If you lose 20% of an account you have to earn 25% to get back to the original position! I notice Steve Walker in the table at top of this page is taking very big risks, but in fairness let's accept that he usually knows what he is doing, he is trading with discipline, lots of trades every week, and he also puts in long hours. It would be unwise for anyone with short of...
Brother I dont know where to start on agreeing with you on so many levels.

1."Many very professional traders would say never risk more than 1 or 2 per cent a trade." AMEN my max position is a tad over 2% and my Tip of the Sword entry (first position near the top of my max range) is 0.06%
It has to be this small because I dont use SL. When E was at 1.37xx and my first short was a tad over 1.21 I was DAMN glad I did.

2. Steve definitely knows what he is doing. He has paid his dues and still does by being married to this profession. I greatly admire and respect how he trades. A pro.

3. "for anyone with short of 2 or 3 years' good experience to take those kinds of risks." AMEN. How many years does it take to master anything? 2-3 years is a steal and only if you have dedication and the drive to succeed at ALL costs.

4. "Bearing in mind 95% of traders pack up or blow their own accounts I suggest the main priority is to preserve capital! " You made me blow my wad on that one brother! AMEN AND AMEN. This is why I say MM is key over FA & TA

5. " Even if there are experts who can double their capital more than once a month" To do this you must make 2% a day every day. A tall order.

You just earned a V from me. Excellent points.

Trade smaller than rational because the market is irrational...
Quoting Pilager
Hi JD, had your morning cuppa yet? Actually rode that sweet wave a bit longer until it hit 09 and i pulled off. But as you say, a profit any profit leaves you in a position to trade another day.
Sorry for taking so long to respond. I traded for just a bit this morning and then that damn thing called work popped its ugly head up again. I had some client meetings and now I am back.

That is right anytime you make something you just put more time on your life expectancy meter. I have no shame taking a small pip profit even if I get out and it keeps on going. A bird in the hand is worth two in the bush they say in America.
Trade smaller than rational because the market is irrational...
Quoting Swedishtrade
Excersice goes very good with this job, or actually it is necessary. Long tens hours in front of screen is bad for the health and the thoughts. Just got back from workout, and as they say "excersise is food for the mind". Now the charts look so much clearer
AMEN Even PCs need shut down to restore their memory. The good Lord rested on the 7th day.

I walk at the end of the day 3-5 miles. In that time I think about the market and give thanks for all my blessings. Sincere gratitude begets more things to be grateful about.

Also exersize is good for the body and mind therefore the soul.
Trade smaller than rational because the market is irrational...
Quoting Miguel.N
thanks bro, but i will not be surprised to see 1.4 soon !?
Brother I really doubt it. At 1.37xx the EZ finance ministers were b*tchin how a high euro was killing their exports. Even Super Mario said they would remain accommodative.

Also the fundamentals of the EZ suck. This rise is due to the money from Japan buying sovereign bonds. Nothing last forever and the Yen is on the Highway to Hell.
Trade smaller than rational because the market is irrational...
Quoting stevewalker
Guys & Gals We had good friendships here & had good trades too But in last two weeks I had lost my trust to FF, Twee & his desecions. I had asked him 3 questions but unfortunatelly can not get the answers. This tells me, I am wright about my thoughts. For me if an environment is not fair for all ( not only for me, REPEAT, FOR ALL ) then I can not stay there. It makes me sick & I mean that. The Rule is Simple : If something happens once it repeats. I tried to get the answers from Twee for a week, not posted & protested during the period. Now as...
Hi Steve

Very sorry to hear this.

That thread without You...

I do understand Yours reasons and I do respect that decision

Take care

Steve this is a sad day indeed. If we had a flag for this forum it would be flying at 1/2 mast.

Please let us know if you go to another place. We will follow a leader.
Trade smaller than rational because the market is irrational...

  1. For second day in a row, 38.2% fib / 50 day MA have capped gains
  2. These levels also line up with a series of daily highs in early March
  3. Look for a pullback to begin from here - 200 day MA retest at 1.2910?
  4. Chart: http://link.reuters.com/zur37t

Trade smaller than rational because the market is irrational...

  1. Bulls need to clear 1.3150 & trip large stops above
  2. Then need to pass 1.3163 to be fully in charge
  3. On the downside bids rest 1.3060/80 & 1.3040/45
  4. A break below the latter level builds a case for a s-t top put in place

Trade smaller than rational because the market is irrational...
[NEW YORK April 11, 2013 20:08 GMT] NY opened NY 1.3125. Europe spiked the pair to new trend high at 1.3138. Talk of Asian offering interest ahead of 1.3150 capped the rally. Better than f/c US jobless claims gave the USD a bid early on and bouts of JPY strength had EUR/USD & EUR/JPY on their heels. Kuroda stated the 2% target was flexible according to Nikkei & JPY rallied to spike EUR/JPY down to 130.40 from 130.80. JPY bears were squeezed further on large USD/JPY strikes for the NY cut & allowed EUR/JPY to test s-t support near 129.70/75. EUR/USD followed suit to trade from 1.3135 to 1.3085. After the option interest cleared EUR bounced back as JPY cross buying resumed. EUR/JPY gave up early losses to hit a new high of 131.10 before settling near 130.85 into the close. EUR/USD bounced back to 1.3138 but failed again & sat near 1.3100 near the end of the day. Bulls need to clear 1.3150 & trip large stops above & then clear 1.3163 to be fully in charge. On the downside bids rest 1.3060/80 & 1.3040/45. A break below the latter level builds a case for a s-t top put in place. Europe’s data calendar is light so US retail sales likely give EUR/USD its next cue.
Trade smaller than rational because the market is irrational...
EUR/USD Outside Day after 1.3133 Test

DailyBars

http://media.dailyfx.com/illustratio...ody_eurusd.png Chart Prepared by Jamie Saettele
FOREXAnalysis: 1.3130 continues to act as resistance and pullbacks remain shallow. Today’s outside day at resistance is enough to be cautious but upside is remains favored above 1.3040 towards the 50% retracement of the decline from above 1.3700 at 1.3227 and 1.3320/40 (2/25 high and 61.8%). A drop below 1.3040 would probably offer an opportunity for fresh longs between 1.2934 and 1.2968.

FOREX Trading Strategy: Risk on longs from 4/4 has been moved up to 1.3040 to lock in a good deal. Moving the stop up is preferred in this instance in order to participate in a possible extension.
LEVELS: 1.2890 1.2934/68 1.3043 1.3133 1.3227 1.3307
EuroTraderJD

I reffer to this chart

http://www.forexfactory.com/attachme...1&d=1365688240
To my FX brothers who PM me about the MM Pyramid, I just sent them out so check your emails with the addresses you gave me.

Sorry for the delay I had to be at a client today and only check my profile page once a day.
Trade smaller than rational because the market is irrational...

  1. EUR/USD very well bid on dips as ongoing EUR/JPY demand supports
  2. Market still expecting strong Japanese demand for high yielding EZ bonds
  3. EUR support from fact ECB only G3 central bank not in aggressive easing mode
  4. Solid resistance at 1.3140/50 where 55-day and 100-day moving averages found
  5. Hourly support formed at 1.3085 with break below targeting 1.3040/45
  6. EUR/JPY flows out of Tokyo will be key to direction in Asia

Trade smaller than rational because the market is irrational...
Pipnography


http://www.forexfactory.com/attachme...1&d=1365725570
Trade smaller than rational because the market is irrational...
Quoting morob
EuroTraderJD Private M {image}
I see the chart now Bro. Thanks

looking at the signals you indicated. Trading 1M takes skill and you are up to the task
Trade smaller than rational because the market is irrational...
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