EURUSD

who is john ? buddy,
john wayne ?
S.C.

http://www.google.com/imgres?imgurl=...9QEwDQ&dur=318

No. This John

http://www.nottsheritagegateway.org....rs/poster1.jpg

13105 end of day... 1.3076 now... short to 1.3070 then

Yep that's what i'm expecting I mean 1.3106 I'm expecting end of day.. then drift to 1.3070/76 and Monday we finish the move to 1.3120/35 then short then higher highs

oh, I know,i know, it's pleasant, even know the dangers, many THX
S.C.

I would not expect a daily close at a good retrace level, spike is another thing. Recent history of this pair indicates it sometimes moves 300/400 pips before showing a decent retrace.

I think Gator has taken a day off BBQing ribs in his backyard, spending time with his wife and beating their kids.

may be you're a good trader at scalping @ 5~7 pips expected return. I did some trading which end only +2 or minus 2 pips, but i had an expected profit at least 20 pips to enter any position. the position can't be always good as i want, that's why i closed my position earlier.

please consider this quantitative calculation condition:
1. EU pairs
2. assuming the spread are fixed at 2 pips (i know some broker who offer less, but this is an average brokerage fee on EU)
3. trader's capital $ 10.000 both trader A and trader B.

Trader A:
Trader A chance of winning is 50~50 since both SL n TP is 10 pips. (a trader chance of winning on each trade will be decreased proportionally if you have TP>SL and vice versa)

so that if trader A trade 10 times, Trader A will have 5 winning positions and 5 losing position but this trader still have to pay 2 pips x 10 times. so the payout result is something like this
Winnings = 80 + 80 + 80 + 80 + 80 = 400
Losings = -120 -120 -120 -120 -120 = 600
Totals = -200
with a trader's capital of $10.000, he/she might lost all of the equity after 500 trades for sure by only pay the brokerage fee.

Trader B:
Trader B chance of winning is also 50~50 the different is trader B have both SL n TP of 100 pips.

if Trader B trade 10 times, he also have 5 winning position and 5 losing position and pay the same 2 pips x 10 times. The payout should be like this
Winnings = 980 + 980 + 980 + 980 + 980 = 4900
Losings = - 1020 - 1020 - 1020 - 1020 - 1020 = 5100
Total = -200
with a trader's capital of $10.000, he/she might lost all of the equity after 500 trades for sure by only pay the brokerage fee.

Same result but we are not finished yet.

given with the same analytical skills some fundamentals/technical, both traders can push the probabilities to win up to 70%. so with 10 trade positions, the winning chance become 7 win and 3 lose and we do some calculation on their payout

Trader A
Winnings = 80 x 7
Losing = -120 x 3
Totals Profits = + 200

Trader B
Winnings = 980 x 7
Losing = 1020 x 3
Totals Profits = + 3800

Magic???? coz trader B pay less brokerage fee on each trade than trader A.

just a little opinion from newbies

An interesting situation in the EUR / USD nice to see how to form a flag pattern
to buy this pair would be 1.3055 to 1.3086 aim for 30 pips and then continue with the aim of
1.3173

I've a mid 31486 with LM-31427 & UM-31545 for 3198/3098.

Hey guys
i have a little problem with news, which one of this two news is more important and has more influence on EURUSD?
Retail Sales (YoY) (Apr)
Retail Sales (MoM) (Apr)
PLEASE HELP!

Thanks buddy. I will go with 3142.7

I found this little e-book or whatever it is called that is about Fibonacci specifically for Forex.. It is a good read so far. As, I never really got into Fibs because most books I read seemed to just gloss over them. I like the mathematical formulas that it has. Gives me some good brain storming ideas for some other math related strategies.

Anyways.. I thought I would share.. I would like to hear some feed back from you Fibonacci masters and tell me if the info is worth while or not.

Based on good numbers EUR continues to grow )))

looks like EU just played ranged between 3055--3030
while waiting for the break that number,,with a hard shot,,

Make sense, but paying more than 1 pip (spread + commission) is not a good idea for this kind of trading. Keep in mind that averaging 2 pips per day on a 2% risk per trade, you can double your account in one year.

Now, this is just MM and everybody need to do his work. I need to trade and I have not intention to tell others how to trade. I hope it helps a bit.

what bloody good numbers?

need at least another 16 pips on each to short... want euro at least 57 and cable at least 38.. in no mans land currently