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EURUSD

  • #873,661
  • Jan 31, 2014 9:00am Jan 31, 2014 9:00am
long 87
fokyou forexfactory
  • #873,662
  • Jan 31, 2014 9:03am Jan 31, 2014 9:03am
Quoting mosh11
{quote} that's the problem , i don't have a specific trading system , so my trade looks like this : S/L : 20 to 40 pips so within Risk , T/P : i just go for 10-15 pips max because that would be nice return , i am too scared(although i am on demo) to let the profit run or to put it correctly i don't have confidence whether the price will continue or reverse.So my R:R is pretty bad , sometimes it is 4:1
Hi moshii, i would suggest you to learn and get a solid trading strategy before you go live, i learnt it the hard way and burnt some amount of money. Google Nial Fuller
www.bawangarmy.com
  • #873,663
  • Jan 31, 2014 9:07am Jan 31, 2014 9:07am
This is where Attila will long, may be. Attila you there ? Price stretching and LL ??
Don't be smart. Be rich.
  • #873,664
  • Jan 31, 2014 9:07am Jan 31, 2014 9:07am
Quoting tomspin
{quote} 90/90/90 90% traders loose 90% of account in 90 days, so they say... Been there done that
I 've managed to do the above in the 97th day. Feeling lucky to be in the rest 10%. Btw 3492 was a battlefield about 2-3 months ago. Below was 3460 for the bears and 3514-20 for the bulls above for the win.
  • #873,665
  • Jan 31, 2014 9:13am Jan 31, 2014 9:13am
Quoting kuroro001
{quote} You need a pretty good system/trading method to allow a loss to wipe out 3/4 good trades. if you are scared, put it at BE, or cut half and put the rest at BE
but if I placed stops on BE , that would neutralize my profit in a lot of trades since price often retraces to BE.
  • #873,666
  • Jan 31, 2014 9:14am Jan 31, 2014 9:14am
Looking for price to break 50% fib 135xx/1348xx
Looks like there was little rejection
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  • #873,667
  • Jan 31, 2014 9:16am Jan 31, 2014 9:16am
Quoting MaxDoom
the move down continues nicely, this chart has my next set of target zones shown. If it reaches the second one then the chances of a 1.3294 breach are significant. {image}
getting closer....
Attached Image (click to enlarge)
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  • #873,668
  • Jan 31, 2014 9:17am Jan 31, 2014 9:17am
I'm gonna disappear for sometime, will be back when EURUSD either breaks 1.38 or 1.30 ... i already wasted 4 weeks of my life time watching a range and useless trading environment / price ! Also , the yen are in correcting rally mode - so nothing there yet , Sliver is trying to find what its trying to do ..

The bottom line, i can't find a single trade to be done !

Good luck, take care and take it easy...
"It's the Margin, Stupid."
  • #873,669
  • Jan 31, 2014 9:19am Jan 31, 2014 9:19am
Quoting sakisf
{quote} I 've managed to do the above in the 97th day. Feeling lucky to be in the rest 10%. Btw 3492 was a battlefield about 2-3 months ago. Below was 3460 for the bears and 3514-20 for the bulls above for the win.
My first demo was open somewhere around late summer 2011 I managed to catch a bull in gold like most rookies who place the first oversized trade and felt I am the shit. Opened live after that and blew in a month I think, after that get back to be and again thought I am the shit, been up and down ever since,
I know how PA moves and I know when to enter in most cases, the hardest part you will find to cope with is you and whole psychology.
I am a working person atm so I have a freedom of not looking at the charts 10 hours a day, did that in 2012 and 2013 it is better that way now for me.
I won't do nothing until 1,3410 as this is weekly support on my charts and my target.
Best of luck with your trading
swing it!
  • #873,670
  • Jan 31, 2014 9:20am Jan 31, 2014 9:20am
Quoting Vachus
I'm gonna disappear for sometime, will be back when EURUSD either breaks 1.38 or 1.30 ... i already wasted 4 weeks of my life time watching a range and useless trading environment / price ! Also , the yen are in correcting rally mode - so nothing there yet , Sliver is trying to find what its trying to do .. The bottom line, i can't find a single trade to be done ! Good luck, take care and take it easy...
Take care mate!

You will lose nothing in here anyway
fokyou forexfactory
  • #873,671
  • Jan 31, 2014 9:25am Jan 31, 2014 9:25am
Quoting Vachus
I'm gonna disappear for sometime, will be back when EURUSD either breaks 1.38 or 1.30 ... i already wasted 4 weeks of my life time watching a range and useless trading environment / price ! Also , the yen are in correcting rally mode - so nothing there yet , Sliver is trying to find what its trying to do .. The bottom line, i can't find a single trade to be done ! Good luck, take care and take it easy...
Always enjoyed reading your posts. See you around.
  • #873,672
  • Jan 31, 2014 9:26am Jan 31, 2014 9:26am
Quoting tomspin
{quote} the hardest part you will find to cope with is you and whole psychology.
yeah or BE set to fast which is part of above statement
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swing it!
  • #873,673
  • Jan 31, 2014 9:35am Jan 31, 2014 9:35am
Quoting tomspin
{quote} My first demo was open somewhere around late summer 2011 I managed to catch a bull in gold like most rookies who place the first oversized trade and felt I am the shit. Opened live after that and blew in a month I think, after that get back to be and again thought I am the shit, been up and down ever since, I know how PA moves and I know when to enter in most cases, the hardest part you will find to cope with is you and whole psychology. I am a working person atm so I have a freedom of not looking at the charts 10 hours a day, did that in...
isn't it hard to find time and effort analyizing charts and giving fx what it needs
  • #873,674
  • Jan 31, 2014 9:36am Jan 31, 2014 9:36am
Quoting maximinus
This is where Attila will long, may be. Attila you there ? Price stretching and LL ??
no longs .. this thing is going lower.. or at least there's no bottom yet.. i'm long above, but net short overall..
  • #873,675
  • Edited 10:15am Jan 31, 2014 9:36am | Edited 10:15am
...good stuff, it's faster then what i was planing ! ...i trust my stupide and funy arrows with lines !? -))

Quoting Miguel.N
...as well we can see that !?
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{image}
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...and tanks god I don't follow ultra sophisticated analysis! ...anyway, i got enough for this week, i deserve a good rest with nice dreams ! -)) ...see you monday if the will of go !?

Attached Image
  • #873,676
  • Jan 31, 2014 9:46am Jan 31, 2014 9:46am
Quoting mosh11
{quote} but if I placed stops on BE , that would neutralize my profit in a lot of trades since price often retraces to BE.
If you think so, then wait for it to retrace to BE, and when it moves away put it at BE ?

But higher your TP a bit or lower your SL. Betting 20/40 pips to get half of it isn't looking good unless your system gives you a good edge
COT: The precious data ignored
  • #873,677
  • Jan 31, 2014 9:48am Jan 31, 2014 9:48am
The EURUSD surprised me today with a break of an important 1.3500 support level.
The pair also broke an important up-move trend line as can be seen in the 4 hour chart below.
The pair is now trading below the key 1.3500 level.
The broken support at around 1.3520 level may now act as a resistance for the pair in the short to medium term.

Attached Image (click to enlarge)
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The RSI is coming closer to the extreme level at around 20.
So, we need to be cautious from here.
We can see a bounce from the pair from the current levels.
Above 1.3520, the 1.3560/70 level may act as a resistance for the pair.
So, trade with plan guys
Cheers!
  • #873,678
  • Jan 31, 2014 9:49am Jan 31, 2014 9:49am
With everyone expecting ECB to further cut rates in the next meeting it is not a good idea longing it however low it will go until next week.
  • #873,679
  • Jan 31, 2014 9:49am Jan 31, 2014 9:49am
Quoting attila
{quote} no longs .. this thing is going lower.. or at least there's no bottom.. i'm long above, but net short overall..
OK, thank you.
Don't be smart. Be rich.
  • #873,680
  • Jan 31, 2014 9:50am Jan 31, 2014 9:50am
Anyone still doing this?

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I don't trust any move - when you have profit...take it.
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