EURUSD

it will be a tsunami like your nickname

GL

No damn it !

just after looking up to .3320 again.

I was wondering where all the random number calling had gone to...

I also noticed this anticipation that appears only on Us/Gpb and I asked for explanations but my broker never answered.

Good Morning traders,

If you are in the USD/CAD you should be taking some profit now. This is what I meant when I say you take some profit and hold the trade and prepare to enter again at support.

Yesterday @ffleo bought at resistance 1.034XX and even though it was a high price to buy a,t the market went in his favour because the overall direction was correct. You are not to reward yourself for trading discipline like that. You are training yourself to reward a bad habit. Always buy at the buy zone and sell at the sell zone, most importantly never sell if the over all direction is to buy and never buy if the over all direction is to sell. In other words. I never bought the EUR. I only sold it because the direction is to sell. I never sold the CAD, because the direction is to buy.

It is aggressive to trade against the market direction and you can get into alot of problems. Scalpers can do that and make money because they know what they are doing and they also like the rush. We cant knock scalpers for there style of trading if it works for them The easier more relaxing way without the rush if that is your preference, is to trade selling only when you are to sell and buying only when you are to buy. Its easy money without the hard work.

The key is not to enter the market for trading sake, the key is to enter the market consistently trading properly.

@ffleo: Your entry has worked out, but do not reward yourself or practice to buy at resistance eventual you will understand why

@Rags2Riches: This was what I meant about practicing patience even though your reasons were sound - it was an aggressive entry to sell the USD/CAD and buy the EUR/USD as you did late evening yesterday. I understand all the reasons why you took the trades. One of the habits we must force ourselves to practice just the same is Patience. You did well in analysing that sell, but again, this is how traders lose money. So at all times we have to constantly practice to just do the correct thing constantly. That is what will keep US in the green as traders. You are a scalper, I see that now and it is your style of trading and I have no objections if it is working for you.

As you all know I am still long USD/CAD because as I have shared with you in the trading plan for both EUR/USD and USD/CAD - you are to take some profit and hold your original entry and look for opportunities to re-enter. If you missed a re-entry opportunity, guess what, you are still in the trade And never think about the money you could have made - just make pips - at the end of the day, week, month - it all adds up and you are in profit.

In my case as you have noticed, I have had no losses and I continue to remain in profit for 2 weeks now holding both trades, Long USD/CAD and short EUR/USD and just taking profit and re-entering when it is save to do so at support and resistance while still holding my original entries.

Once you find the right direction you trade it.

Morning

@HDA: Pfff...too much talking. Show me your % p.a. and I will talk to you. So many speculators here... any pros here ? Moneym./Posimanagem. ?
NFP trading makes no sense, besides. No good RR. If you think otherwise show me your figs. Cheers

why should he give you those information ?

ucad as been good baby....eu still need a rebound to 1.3250 or 1.3300 to found some sellers

if you don't speculate how do you take a trade ....check your english again....i guess you remain spontaneous and make a living..u will soon get burn..

1.3080 - why did I choose that price level as my target for the EUR?

At that price level one of two things will happen - The EUR will either continue to 1.2755 or it may turn and go for 1.3417 but I have to be patient and wait until it gets there and see the order flow, options contracts and Bank sentiments, notice, BANK SENTIMENT, not market sentiment and then make an educated decision.

Whats going on in the EURO?

This is any attempt to let the buyers think 1.3200 is holding and create a bias for more buyers to enter long. Pay attention. Notice that the sellers have not covered there positions so they are still in the trade to go down. If the sellers were spooked and were looking the exit, the euro would have been rising. By holding the price where it is, is to create a bias in the traders mind.

So what happens now is that since the market is not moving, the straddlers come in and place there orders on both sides on the fence to get into the trade come NFP time. So the first objective is going to be, RAPE the straddlers. Take them in stop them out and take them in again and stop them out again. Once all that money is out the way, then there is the PUSH and then the DUMP.

Lets see what happens.

Remember now, I am way in profit on both trades and stand to lose nothing but some profit that's all

SIT ON YOUR HANDS IF YOU DON'T KNOW WHAT YOU ARE DOING - PLEASE!!!!!!!!!

Wait 30 mins. 30 minutes after the announcement to then look for an opportunity to enter. Do not jump in before that. Do not fall prey to the rush of trying to make a quick buck. Easy come, easy go.

I'm begging you, please wait 30 mins then look for an opportunity to enter.

If you miss the opportunity, there is next week and the week after that, but you have money to trade another day.

WTF??? It's not just the NFP, what are You talking about..

why 30 min? why not 1-2-3 hours or even wait monday to be sure it stabilized?

i dont know why, or can explain this. all i can say is. it does most times, before 3039. if it does or not is ok. having a pullback, is just decreasing my entry risk on a short

Where is the source?

OK: how many reasons do You need to go short...anyone here a trader???? Technical or Fundamental or whatever...now, close those long before NFP...or open short while You still can

Gonna make a risky move and trade the NFP without coffee

Patience is not the key. The key is to understand big boys, market change and neural networks. That's all. You still believe in "trends" ? I show you charts you always make wrong decision on "trends". Sorry, i'm so rude but there's so much **llsh** out there. I just sick of it.

On NFP there's a big problem: Euroguys are out of trade mostly cause of thursday before. Yesterday. Why ? Cause they made there run yesterday. What happens on NFP ? easy: Big boys in US try to fake the hell out so they ean money on YOU or on the other biggie. It's like on pros at poker: They only gain money from novice players. Too bad, yesterday was good day for europeans. If figures are wishy washy expect fast paces 20 pips and spread at 3 on eur/usd.

How gato makes his suggestions I'm not quite sure but it works. He knows big cake of market, me another one. Always stay clear in your head. They want your money. Most shitty talking you can filter if you proove it statistically. I tested lots of systems and guess what ? 95% fail lol. - fail means RR 1:1 minus spread cost. I mean this is how industry works, you know ?

cheers