DislikedJust scratching at every thing huh? lol. Please look at assets outside of the euro, it may help.Ignored
I know what you are talking about. But belive me, we are only here becase of Weidman remarks.
"You're solid gold, see you in hell"
- #789,161
- Apr 17, 2013 12:25pm Apr 17, 2013 12:25pm
- | Membership Revoked | Joined Feb 2013 | 1,307 Posts
"You're solid gold, see you in hell"
- #789,163
- Apr 17, 2013 12:28pm Apr 17, 2013 12:28pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir
- #789,166
- Apr 17, 2013 12:30pm Apr 17, 2013 12:30pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
Well the day began bullish. In fact I did get some pippage as it re-tested yesterday's highs.
But the price changed course after 10:30GMT.... not wanting to link Mrs Thatcher to it, but yes after 11am sentiment changed.
It was lead by the Yen Pairs, especially EURYEN. The break of 128.60 was in alignment with EU's 1.3112 last line of defence from the Bull levels of 74,64,54 and 44.
Currently bouncing off 3002, the day has almost printed an engulfing day signalling a strong downside movement for the rest of the week. Tomorrow could well be an inside day, but I would expect that tomorrow's open be at or slightly below today's close. That could be a great trading trigger right there.
As a scalper who's learned (learning) to see higher timeframes, I recommend a wider view approach as you are better able to swap bias as required, in order to follow "a trend" not necessarily THE trend as that is always subjective.
In addition, the Forum can provide confusing opinions because you are not immediately conscious of the fact that you trade intra-day, no question. But you potentially could be analysing in all sorts of higher or lower timeframes.
Also I notice that folks seem to treat TL and Levels almost as sacrosanct - prices that can't be breached without a bounce. But of course, sometimes it crashes through. I think adjusting your trade entry to account for probabilities rather than expected outcomes is a better approach. Be gray rather than black/white.
But the price changed course after 10:30GMT.... not wanting to link Mrs Thatcher to it, but yes after 11am sentiment changed.
It was lead by the Yen Pairs, especially EURYEN. The break of 128.60 was in alignment with EU's 1.3112 last line of defence from the Bull levels of 74,64,54 and 44.
Currently bouncing off 3002, the day has almost printed an engulfing day signalling a strong downside movement for the rest of the week. Tomorrow could well be an inside day, but I would expect that tomorrow's open be at or slightly below today's close. That could be a great trading trigger right there.
As a scalper who's learned (learning) to see higher timeframes, I recommend a wider view approach as you are better able to swap bias as required, in order to follow "a trend" not necessarily THE trend as that is always subjective.
In addition, the Forum can provide confusing opinions because you are not immediately conscious of the fact that you trade intra-day, no question. But you potentially could be analysing in all sorts of higher or lower timeframes.
Also I notice that folks seem to treat TL and Levels almost as sacrosanct - prices that can't be breached without a bounce. But of course, sometimes it crashes through. I think adjusting your trade entry to account for probabilities rather than expected outcomes is a better approach. Be gray rather than black/white.
A pip is only worth it if you know how much you risked to earn it
- #789,167
- Apr 17, 2013 12:30pm Apr 17, 2013 12:30pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #789,171
- Apr 17, 2013 12:36pm Apr 17, 2013 12:36pm
- Joined May 2010 | Status: Trader | 2,004 Posts
69
- #789,172
- Apr 17, 2013 12:36pm Apr 17, 2013 12:36pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #789,173
- Apr 17, 2013 12:36pm Apr 17, 2013 12:36pm
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
Breaking news!!! ECB president Mario Draghi arrested for child abuse!!!
A pip is only worth it if you know how much you risked to earn it
- #789,175
- Apr 17, 2013 12:41pm Apr 17, 2013 12:41pm
- | Membership Revoked | Joined Jun 2010 | 1,279 Posts
Breaking news!!! ECB president Mario Draghi arrested for child abuse!!!
- #789,177
- Apr 17, 2013 12:42pm Apr 17, 2013 12:42pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
, if you think that long in time, you should search different approach to FX...
- #789,180
- Apr 17, 2013 12:43pm Apr 17, 2013 12:43pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann