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  • #17,081
  • Apr 12, 2013 7:50am Apr 12, 2013 7:50am
Quoting CurrencyMan
Trading Forex is a Business and also a game since we do not trade in FREE markets.
Thanx fot the comments CM..Also, I cannot agree with you saying that FX is a game. In order to succeed we MUST NOT take it as a GAME. Only a serious approach ( trading with a plan, what I was talking about on yesterdays webinar ) can lead to success.

As with everything in life, FX needs a very serious approach.
  • #17,082
  • Apr 12, 2013 10:19am Apr 12, 2013 10:19am
World map going to change
Next few months World will shacking rocking many important events going to happen

don't know how i say it in English when woman going to get a baby>> we have to feel the pain to get the joy
Inserted Video
  • #17,083
  • Apr 12, 2013 12:51pm Apr 12, 2013 12:51pm
Quoting T@rantula
Thanx fot the comments CM..Also, I cannot agree with you saying that FX is a game. In order to succeed we MUST NOT take it as a GAME. Only a serious approach ( trading with a plan, what I was talking about on yesterdays webinar ) can lead to success. As with everything in life, FX needs a very serious approach.
What I meant to infer was what you said about it being a business as it surely is for me and I treat it as such as you also do.

The Game part refers to the uneven playing field where the Powers that be make up their own changing rules so if you can know what they are doing by being aware of it then you can usually move along with their intentions.

The SMACK on Gold was Planned today to try to discredit Jim Sinclair of WWW.JSMINESET.COM

Have a good weekend.
  • #17,084
  • Apr 15, 2013 3:37am Apr 15, 2013 3:37am
Quoting egkid
World map going to change Next few months World will shacking rocking many important events going to happen don't know how i say it in English when woman going to get a baby>> we have to feel the pain to get the joy http://www.youtube.com/watch?v=oF-8llc6dWo
The sun always come out after the storm..it may be true my friend.
  • #17,085
  • Edited 3:53am Apr 15, 2013 3:39am | Edited 3:53am
EURUSD analysis for 15 april 2013.


3050 is crucial level today. above 3050 target is 3080 then 3130 and below 3050 i have 3030 and 3000. So far today 3050 has been tested, but we have interesting patterns there..

Possible formation of descending flat bottom triangle. 3050 and 3036 may give us a flat bottom. We can get short on BPC pattern then and drive it to 3000 even 2950. Above 3050 we are still in uptrend so 3080 and 3130 are targets... So far im paying attention to downside as we are at 3060 close to support.

Want to see either rejection or a possible Breakout Retest pattern.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 242 KB
  • #17,086
  • Apr 15, 2013 7:27am Apr 15, 2013 7:27am
Double bottom at 3050 , 3080 and 3100 cleared.

W 1 2 3 pattern above 3115 will proceed with continuation.

Attached Image (click to enlarge)
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  • #17,087
  • Apr 16, 2013 3:41am Apr 16, 2013 3:41am
Hello guys, as we saw yesterday first double bottom @ 3050 made the pair bounce up to 3100 then later in the day it broke 3050 to 3020 and we could have made nice pips there.

Today 3020 is important. Short below with targets 2990 and 2970. Above 3020 3050 and 3080. This is a range play in downward channel so the trades should be treated like that.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 264 KB


You can also read the analysis on my Forex Blog.
  • #17,088
  • Apr 16, 2013 4:34am Apr 16, 2013 4:34am
Interesting situation...3028 rejection and 3080 reached. 3020 definitely is the key level.
  • #17,089
  • Apr 16, 2013 4:55am Apr 16, 2013 4:55am
If 3020 holds 3120 and 3140 could also be reached today.
  • #17,090
  • Apr 16, 2013 6:15am Apr 16, 2013 6:15am
3020 will break. Though Levels above must be hit first. The first being 3192.. 3224.. Breaking that can lead to 3360. I don't expect 3360 to break anytime soon. Over and out
  • #17,091
  • Apr 16, 2013 7:05am Apr 16, 2013 7:05am
Quoting jaylovin
3020 will break. Though Levels above must be hit first. The first being 3192.. 3224.. Breaking that can lead to 3360. I don't expect 3360 to break anytime soon. Over and out
3140 is here, 3160 is crucial. If it breaks we are on the way to 3250 by the end of the week. Trading 3020 short should be a no brainer when it happens.
  • #17,092
  • Apr 16, 2013 1:11pm Apr 16, 2013 1:11pm
Thats it 3250 soon, 3200 has been reached. We have had a megaphone pattern on H1.

Attached Image (click to enlarge)
Click to Enlarge Name: megaphone.jpg Size: 259 KB
  • #17,093
  • Apr 17, 2013 4:35am Apr 17, 2013 4:35am
Today EURUSD has developed an ASCENDING TRIANGLE @ H1 timeframe and Double megaphone @ H4 TF. 3200-3190 is shorting area as we are at the top border of the megaphone. Longs are to be traded as Breakout-Retest-Continuation at the break of 3200 because of triangle top breakout or if you are position trader watch for 3130-05 area.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 211 KB


You can also read the analysis on my FXBlog.
  • #17,094
  • Apr 17, 2013 6:27am Apr 17, 2013 6:27am
3125 has been reached, so congratulations to all shorts..3200 zone was indeed good for shorts as per analysis.
  • #17,095
  • Apr 17, 2013 7:17am Apr 17, 2013 7:17am
3105-30 is demand zone. Break of 3100 targets 3070.
  • #17,096
  • Apr 17, 2013 11:44am Apr 17, 2013 11:44am
EU @ 3030, this has exceeded my expectations...We need more days like this 1. I was nowhere near the trading station when EU retested 3150 and fell to 3070, but if i did I would have traded it for sure.
  • #17,097
  • Apr 17, 2013 11:57am Apr 17, 2013 11:57am
2965 is next major support below 3000.
  • #17,098
  • Apr 18, 2013 4:35am Apr 18, 2013 4:35am
Market is waiting US release data- Unemployment claims and FED index. We will see where the price is going then. We may possibly see 3075-3100 where we may short it.

Also today for all interested participants, me and Chris will be holding NFP STRATEGIES webinar where we will present some of the strategies for NFP trading.
WEBINAR IS COMPLETELY FREE OF CHARGE so feel free to join!

The sign-up link is HERE.
  • #17,099
  • Apr 18, 2013 6:52am Apr 18, 2013 6:52am
Quoting T@rantula
Market is waiting US release data- Unemployment claims and FED index. We will see where the price is going then. We may possibly see 3075-3100 where we may short it.
Here we are , you see going with the trend. 3074 precisely touched and the price dropped to 3040.
  • #17,100
  • Apr 18, 2013 7:53am Apr 18, 2013 7:53am
After initial drop price went back to test 3070. Its caused by higher then expected uneployment numbers. 3070 still gives resistance but if it breaks Ill be paying attention to 3090-3100 area for additional short opportunities.
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