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EURUSD

  • #863,361
  • Dec 13, 2013 4:26am Dec 13, 2013 4:26am
i read somewhere about this pair

"On $EURUSD , yesterday behaviour is the first sign that $EURUSD may be topping up . 1.3800 to 40 is the important resistance area. However to confirm that downmove is well and truly in place from long term cycles , a move below 1.3600 is needed . It should be kept in mind though that this kind of move can still take a bit of a time , around one week would be a safe estimate. To the upside, it all depends on FOMC. Taper or not taper . if a weak support for tapering is seen, 1.4000 is very much a possibility before the first ECB meeting in January."

need feedback about that, what members hare think about that?
R!$$@dUM
  • #863,362
  • Dec 13, 2013 4:27am Dec 13, 2013 4:27am
If the dollar index rises to 80.50 today we definitely will see a break below 1.3700 this is certain. Next week could be another week of bearish action if the european data is going to be negative. So if german data will be negative and FOMC decides to recommend to tape then we will definitely see a break below 1.3500. The question is if it will be like that I wish I could time travel, I'd be a billionaire by now
I wish I could time travel, I'd be "very" rich
  • #863,363
  • Dec 13, 2013 4:30am Dec 13, 2013 4:30am
Hi all,

Test of lower TL of upward channel, bust here would be targeting 1.365
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Upper Channel test.PNG Size: 45 KB
Even the worst trade can close with profit. Just give it time.
  • #863,364
  • Dec 13, 2013 4:31am Dec 13, 2013 4:31am
Quoting Ken A
{quote} Indeed. You wait so long for it
lol my TP exactly 142.1
That which does not kill us makes us stronger
  • #863,365
  • Dec 13, 2013 4:37am Dec 13, 2013 4:37am
Quoting Ken A
{quote} I may go lower than yesterday's high with bad EUR data and Friday profit takings
You think I'm stupid if I reversed and go long?
...... well Actually I already did it... long @ 142.06 . hope not stupid move
That which does not kill us makes us stronger
  • #863,366
  • Dec 13, 2013 4:38am Dec 13, 2013 4:38am
Giving a short a stab on USD/CAD as well. A little worried about dollar correlation but it's reacted fine so far despite EU moves down.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m5-oanda-division1.png Size: 47 KB
  • #863,367
  • Dec 13, 2013 4:41am Dec 13, 2013 4:41am
well, those who catch up the pb at h4, congrate guys..

i miss the chances due to work @@
  • #863,368
  • Dec 13, 2013 4:41am Dec 13, 2013 4:41am
man: Sweetheart the Euro just tanked
wife: Did you catch any?
man: ermm...not quite missed an entry
wife: Bastard, you better come back to sleep

Happy Friday 13th
  • #863,369
  • Dec 13, 2013 4:49am Dec 13, 2013 4:49am
Quoting DareXau
{quote} I don't blame you whatsoever for quitting ... I'm not trading of 'normal' time-frames, but of the range-bars chart and between London - open & Hong Kong - close (that's one hour) there was only 14 bars and price ended where it started ... giving me just 5.4 green pips, while risking 6.3
It is moving now….. need to be patient in this sort of trading……fear, greed, revenge and patience are constantly tested… more the range, bigger the BO. Why? Because many traders will get involved into it (range) and when it breaks, many needs to cover…...

Two trades a day is enough for me, the idea is to risk 2% per trade, some days you will make 4%, some other you lose 2%, if the risk is more than 6 pips (mostly are 4 pips), I do not take the trade, I always go for 10 pips tp, some traders will trail the SL above/below the latest swing, I prefer not to…..

There is a constant battle/struggle between parts at this level, it is very subtle, but constant, also in a very tight market, one as to be alert specially in those periods, they will burst, no much, but enough….
Wherever you go, there you are.
  • #863,370
  • Dec 13, 2013 4:49am Dec 13, 2013 4:49am
Quoting Darkforce
Stops below 1.3740/1.3737 triggered, now might see mild pull back before NY. If it pull back to 1.3737 then might take another short there, still want to see below 1.37 today. {image}

agree
(if we go down to 1.37000 than 1.37350-70 will be the 50% of the last downmove, perfect entry)
f(z)=z2+c
  • #863,371
  • Dec 13, 2013 5:00am Dec 13, 2013 5:00am
Quoting Kanzler
Not taking that trade the other day is absolutely killing me. I followed my rules but these are the kind of events that make you wonder if they need tweaking lol. {image}
We cannot get all the moves……Not point waisting a lot of energy on it when we do not…..
Wherever you go, there you are.
  • #863,372
  • Dec 13, 2013 5:03am Dec 13, 2013 5:03am
Quoting milam
{quote} We cannot get all the moves……Not point waisting a lot of energy on it when we do not…..

if I would care about getting in every good moves, I would be crazy by now. Be happy with what you've got. (I know it's hard)
f(z)=z2+c
  • #863,373
  • Dec 13, 2013 5:12am Dec 13, 2013 5:12am
Quoting milam
{quote} We cannot get all the moves……Not point waisting a lot of energy on it when we do not…..
I suppose. I'm on a 5 trade losing streak at the moment, not counting two open positions. Would have been nice to have taken that trade as it'd already have paid for the loser streak and more. CAD is doing well so far though, always a good sign of it hitting my entry point and reversing quickly.
  • #863,374
  • Dec 13, 2013 5:18am Dec 13, 2013 5:18am
Who is going long here
MMMYYYKKK
  • #863,375
  • Dec 13, 2013 5:23am Dec 13, 2013 5:23am
Quoting myk
Who is going long here

because it shouldn't

@edit
i thought u said why, not who
  • #863,376
  • Dec 13, 2013 5:24am Dec 13, 2013 5:24am
Quoting myk
Who is going long here
i'm not
im short again @ 3725 tp 3675
  • #863,377
  • Dec 13, 2013 5:30am Dec 13, 2013 5:30am
Quoting milam
{quote} ... need to be patient in this sort of trading……fear, greed, revenge and patience are constantly tested…
... patience is the key (but I'm sure, that you know it already) other factors you're mentioning above are just pure distraction in trading and there shouldn't be room for it at all, but unfortunately many are falling into that trap ... Anyway, it looks to me that you aren't in that category.
Happy pip's hunting ... and it's good to see someone scalping well.
  • #863,378
  • Dec 13, 2013 5:30am Dec 13, 2013 5:30am
Quoting julia2011
{quote} i'm not im short again @ 3725 tp 3675
Good one, I am still waiting for it to pull up a little bit higher for adding another short.
  • #863,379
  • Dec 13, 2013 5:33am Dec 13, 2013 5:33am
Quoting Kanzler
{quote} I suppose. I'm on a 5 trade losing streak at the moment, not counting two open positions. Would have been nice to have taken that trade as it'd already have paid for the loser streak and more. CAD is doing well so far though, always a good sign of it hitting my entry point and reversing quickly.
I know what you mean…. but doing that we focus on something that is not useful for our trading. We all going to have losing streak… how we "non react to it" is very important…..This is a business, soon we understand that cost are all part of the business, soon we will deal with them in a proper manner… I hope it helps a bit my friend..
Wherever you go, there you are.
  • #863,380
  • Dec 13, 2013 5:37am Dec 13, 2013 5:37am
Quoting julia2011
{quote} i'm not im short again @ 3725 tp 3675
stop ?
MMMYYYKKK
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