EURUSD

I will join you on / between 20 - 25 December ... i just hope it make it near 1.398X before that !

What a crock:

I went through your rant my friend and if I take the time to answer all your questions/concerns ,
I won't have enough lines here to reply back to you...Anyway, I am going to do my best and touch
a few things for the sake of argument....

First of all, just because the market is open 24/5 doesn't mean that you HAVE to trade every hour...
As a Trader or even a smart trader, you have to develop your own routine, precisely know what
you trade, when to trade it and how to trade it....

Since there are 3 open hours sessions in the market, you pick what session works best for you and
the pairs that are most likely to give you some profits...We both know that there are many pairs that
tend to move in the same direction, and it would be damaging to choose 3 or 4 of them pairs and trade
them at the same time..(Too Risky, but rewards can be very massive)

I notice that you have some concerns about different brokers, that shouldn't be a problem unless you have
many accounts with different brokers...To solve that problem, you have to analyze all the time-frames...

You need to understand that the Open candle and the close candle on the daily chart is a combination of all
the timerames included the M1 chart and all the 3 sessions....I use the Daily chart to initiate a Trading Range,
and it's best to do that on Mondays, because Sunday nights candles don't give you much info or data.

A lot of time one Daily Candle doesn't give you much for the week, but you can use that a guidance to look forward
for the entire week, and it doesn't matter if you are a swing trader or day-trader... Like you said, theories are endless,
and I have to acknowledge that my routine might be different than many out there, but we all are looking for the same
thing...

How am I going to trade?

Simple, if you can't determine the overall trend on the daily chart, you go to the 4 hour, the 1 hour and even the M30 chart
to see if the trends are in the same direction....For what is worth, you buy at the support level if you are going Long, or Sell
at the resistance level if you are going Short....Keep in mind, the trend might be the same on the higher time-frame, but you
see a different thing on the M5 or M1...The best thing you can do is to WAIT, and WAIT until your mind is clear to proceed with
the same direction on the lower time-frame...

Honestly, I am still making that same mistake over and over again...Knowing the overall trend on the higher timeframe, but
neglect to find a good entry on the lower time-frame.

The hardest thing about trading this market is not being able to turn your knowledge into profits or successes so that you can
have fun like everybody else, but at the same time too much information or a knowledge is a disease if you don't know when or
how to apply them.....

Last but not least, if you are simply looking for opportunities in this market, you will always doubt yourself because there are too
many opportunities every single day or even hour....My advice for you is to treat this market like a business and have a clear Plan
to better yourself and have less mistakes every week or every month.

If you aren't short already you are L8 M8!

cleared

If you trade higher frames the opportunity is still there. Lower frames there's nothing though.

good evening, pair of the day has been -

Aussie- holding short until we are trading 87-
UJ- until 110

I was ready to "reinforce" my accounts anticipating bad data and forceful moves up but lucky data was not bad overall.
My TP is 1.33 on 10 positions and another 6 on Swissy 92-93
I am willing to hold a month or 2

Like this (M15)?



Or this (D1)?

usdjpy

BE CAREFULL!!!

100%
I would go weekly ,monthly as good profit target.
GU dropped 110pips this week but you would of seen it only if held since 6450.That's the key holding to a position.
REgards

biggest joke number is EC at 4624

we are taking today YTD 103.37 and by tomorrow it is possible we touch 105.00

Giving advise is rather premature to veteran like Magix.Please allow some humility.

Hi Vachus,

why don´t you wait for the New Year? The turnaround this year was on the 4th of January as far as I can see (half bilnd - )

Now U/J is near yearly high. Hopefully Tokyo will take it out. Then all good for bears of euro and cable, etc.

All this talk about scalping not being overly great when I've just had great session

UJ has been much fun, look at the chart and tell there are no pips in it scalping if you can...

The open positions (plus 3 under pic) are also lt trades because scalping isn't my only method.

Sure.. very simple.. balancing books..
take profit from equities and park them in bonds..

Sharp moves are not unusual this time of the year.. Pension and Macro funds can make some insane swings..

Hey Candle, hope things are going well for u. Well, you know the date is not curved in stone - we gonna have to go throw the FOMC buying euphoria first but i'm don't understand what u mean with the bold part ! In any case, i'm slightly sure about the data - it has nothing to do with end of month wind dressing and booking profits ..

Piters, you are not on " team Jesus " on this issue?