EURUSD

AGREED. But trading rationally one good trade at a time with good MM and you will have an account this size in time.

Its a Walk to Wealth Not a Race to Riches (ruin)

For Qatari man sake I hope not.

I dont care either way I am long and short using proper leverage 50:1 and smaller than rational position size.

The story on what happened to PMs and Oil. Since its the weekend here is something to read if you like.

Dan Norcini is a veteran trader and respected chartists

http://traderdannorcini.blogspot.com...hits-gold.html

85% longs in eur/usd. this is the information on forex factory which I think is information from one broker

Some thoughts...overall longer term bias is long for EU, EJ and UJ.

Yes, I do agree with you but the point is when open the long positions because they all may go down first.

Yes, That's true. Here is about the highest point of cable in the Q2 and will go down straight.

That's why I marked potential re-entry long entries with fat yellow figures

1.3128 resistance level

Hi

Whats up




http://im42.gulfup.com/NZe6Z.bmp

Forex factory's stats are taken from the trade explorers and includes all brokers

[quote=Qatari man;6602289]Hi Whats up /QUOTE]


Congrats man. Living in the U.S. that kind of positioning is not allowed but I remember a couple great trades I made and actually thought I had something to do with it. Of course my head was all messed up after that and lost it all. But that was me. Now I just go by my established rules that keeps me in the green little by little.

The Eur is sitting at the 38.2 of the Daily 1.3110

If it can not close beyond this, it will continue down........IMO.........

does anyone know abt kurodo speech at 3.10 gmt......what he said about yen?

Hi guys,

I ve made you printscreens, so you can have a look at impulse I am currently looking at. I still think we have a new cycle developing here. You see, cycle 6.6.2010 - 24.7.2012 was quite regular one. Five ways up, chop zone breaking down, five ways down. It was first regular cycle since Lehman crash. Now new cycle doesnt have to behave the same like previous one, but there may be few common aspects.

I believe righ now, we are are in mid of wave up. Take look at those relative strengths of waves in *.xls table (I have marked them in blue), they seem quite simmilar so far, so I think it may be simmilar type of wave. In chart, time period measured is marked by those rectangles down there.

Now I know this cycle aint healthy and is CB made, but that is not the point, it is cycle . Those red arrows point QE2 and BOJ starting to buy Treasuries. I ve been saying Asia is full of USD, but it is not only Asia, US is biggest importer in the world. USD are everywhere and I think CBs are sending quite a clear signal to the market. Buy long term bonds, sell USD. We are the ultimate buyer of bonds, taking the risk. Check 10-30y Treasuries, what they are dong.

So, if this lines up, we may be set for wave 5. Just a technical though, I dont expect wave 5 to be nor as straight, nor as long like previous one, since Europe is still here.

T

I wish I could understand that. ^

Tell me who can I turn to, just who can I believe?
Tried to put her out of my mind, she'll only cause me grief
I love that girl, whatever she's done, you know it hurts me deeply
'Cause there's nothing in this world to stop me worryin' 'bout that girl

Interesting staff for the beginning of the week. Euro down to 1.29995 then up to 1.3133 in the off market!!!

Yep.... quite volatile....

I have a feel that eurusd mind develop a new bull trend this coming...
of cause anything can happen..green pips