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  • #794,701
  • May 6, 2013 1:50am May 6, 2013 1:50am
buy sl 1.3060 TP 1.32
  • #794,702
  • May 6, 2013 1:50am May 6, 2013 1:50am
Hi all,

Relatively new here... Do give me your guidance as I am a poor guy out there trying to make a couple of bucks in Forex. I am going to make a bold assumption here based on historical data. Yes, it might sound ridiculous... Historical data might not be accurate always and what happens in the past might not repeat again.

Looking at weekly trend chart. Back in 2009, there's a triple peak before the dive southwards, same repeated in mid of 2010 till first quarter of 2011. Fast forward to 2013, there's a similar pattern repeating, and we are only at the 2nd peak of EURUSD... Estimated price to hit by Sept-Oct 2013, 1.40X....

Just a bold assumption... my apologies if anyone find it a hollow one...
I am not a doctor, just a forex trader doing post mortem on forex trends...
  • #794,703
  • May 6, 2013 1:56am May 6, 2013 1:56am
Low of the day is in @ 1.3104. Now going up --> go along with it.
  • #794,704
  • May 6, 2013 2:04am May 6, 2013 2:04am
Quoting GreatNorth
Low of the day is in @ 1.3104. Now going up --> go along with it.


I have 3109 and acting as a resistance allready

Regards
  • #794,705
  • May 6, 2013 2:06am May 6, 2013 2:06am
Quoting GreatNorth
Low of the day is in @ 1.3104. Now going up --> go along with it.
I lied.
  • #794,706
  • May 6, 2013 2:07am May 6, 2013 2:07am
Quoting GreatNorth
{quote} I lied.

Shame on you
  • #794,707
  • May 6, 2013 2:09am May 6, 2013 2:09am
Unemployment rate is 27% in Spain and now unemployment change is -46.K.. how?
  • #794,708
  • May 6, 2013 2:11am May 6, 2013 2:11am
Quoting suthmo
{quote}Thank you What's is wrong with these people? They can't stand to see someone doing alright? I'm suppose to be miserable because they are? What gives?
Take no offence (for now) but ... You brag way too much for being right sometimes while trading demo, for having managed a quarter millions but you got fired, for turning 200$ to 800$ in 2 weeks (which can be done in 2 days).

Stop asking for so much attention.

If you are good, people will notice it and will give you credits for what you are, what you do. Period.

Have a good trading day.
COT: The precious data ignored
  • #794,709
  • May 6, 2013 2:12am May 6, 2013 2:12am
Quoting GreatNorth
Low of the day is in @ 1.3104. Now going up --> go along with it.
I wouldn't take a long so far.
5mn is telling me go south for now...Still have some shorts an waiting for a new setup.
COT: The precious data ignored
  • #794,710
  • May 6, 2013 2:13am May 6, 2013 2:13am
Long @ 1.3101 TP 1.3135 ... SL 1.3070
To be or not to be, that's the question
  • #794,711
  • May 6, 2013 2:13am May 6, 2013 2:13am
Euro today? Draghi is speeking !!!
  • #794,712
  • May 6, 2013 2:22am May 6, 2013 2:22am
Quoting kuroro001
{quote} I wouldn't take a long so far. 5mn is telling me go south for now...Still have some shorts an waiting for a new setup.

Hey Kuroro, What percentage would you give today's PA as far as readability? Also, do you think that Draghi will try to sink the Euro tonight?
Luck has no place in trading. Leave that for the poker table.
  • #794,713
  • May 6, 2013 2:24am May 6, 2013 2:24am
I will wait till Draghi's shit ! Meanwhile if possible I will close my Over weekend short which was 1.3090

Also Japanese and European both are closed so can't say how market will move. And to my surprise Spanish Unemployment Change came great!
  • #794,714
  • May 6, 2013 2:27am May 6, 2013 2:27am
dont realy knw what u guys are seeing up north buh I can tell u theres still some diggi g to do...
Z
  • #794,715
  • May 6, 2013 2:29am May 6, 2013 2:29am
last wednesday was a good day:
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What does the world cost? A shit, so sell it!
  • #794,716
  • May 6, 2013 2:30am May 6, 2013 2:30am
hoh market is so >>
  • #794,717
  • May 6, 2013 2:30am May 6, 2013 2:30am
maybe....
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  • #794,718
  • May 6, 2013 2:31am May 6, 2013 2:31am
Quoting Pair-me-up
{quote} Hey Kuroro, What percentage would you give today's PA as far as readability? Also, do you think that Draghi will try to sink the Euro tonight?
Hi,

A good readability this morning, even though gbp banks are on holidays.
I can't put a number, but it's a classic PA this morning, nothing new.

The move down stopped on m5 with this bullish engulfing candle, the resistance is 10 pips higher and the setup is not as i want, so risk/reward is not good enough to make me going long.

I'll still wait for now.

And about Draghi, it's always a pain in the ass to trade while he speaks. I think we'll have to wait for him to open his mouth, because last time no one knew he could dump the euro like that by talking about negative interest rate.
I just know what i should do when i see the PA...but i don't make prediction, only reaction (like said Tarantula)
COT: The precious data ignored
  • #794,719
  • May 6, 2013 2:48am May 6, 2013 2:48am
Possible EU bouncing points at: 3088, 3074, 3045
69
  • #794,720
  • May 6, 2013 2:52am May 6, 2013 2:52am
Quoting Likerty
Possible EU bouncing points at: 3088, 3074, 3045
No longs until i see a move below 1,3095 again. If a long setup here i'll buy for 1,3130-40 and above.

Otherwise i'm waiting for a setup way lower ideally below 1,3030 so we'll have another daily lower low
COT: The precious data ignored
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