Disliked{quote} ...you are right, too risky to go long, from now may go much lower until next week ! ...can go slowly under 1.33, crazy forex !Ignored
It'll be tricky all week long anyway
COT: The precious data ignored
- #874,221
- Feb 5, 2014 4:28am Feb 5, 2014 4:28am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #874,222
- Feb 5, 2014 4:28am Feb 5, 2014 4:28am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Bought EUR with sl 1.3495 {image}
It was very close like few pips
In trading, you have to be defensive and aggressive at the same time
- #874,223
- Feb 5, 2014 4:32am Feb 5, 2014 4:32am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} If you are confident that your position will eventually win according to your trading plan then don't follow the "cut the losses early" strategy. Because 90% of the time your trades will move against you initially (unless you can pick tops & bottoms with 100% accuracy) and if you cut early each time you will end up chopping your account to small pieces only to see your positions eventually become winners later. Only cut when you are fundamentally wrong / against the daily - main trend.
I concur.
In trading, you have to be defensive and aggressive at the same time
- #874,224
- Feb 5, 2014 4:32am Feb 5, 2014 4:32am
- | Joined May 2010 | Status: Trader | 1,078 Posts
Look like ADP will move this s.h.i.t one way or another way. 
Pro plz give some inside what to do if come data + where will go or if data - where will go...
?
Pro plz give some inside what to do if come data + where will go or if data - where will go...
?
Once scalper always scalper 
- #874,225
- Feb 5, 2014 4:32am Feb 5, 2014 4:32am
{quote} If you are confident that your position will eventually win according to your trading plan then don't follow the "cut the losses early" strategy. Because 90% of the time your trades will move against you initially (unless you can pick tops & bottoms with 100% accuracy) and if you cut early each time you will end up chopping your account to small pieces only to see your positions eventually become winners later. Only cut when you are fundamentally wrong / against the daily - main trend.
- #874,226
- Edited 4:45am Feb 5, 2014 4:32am | Edited 4:45am
- Joined Nov 2012 | Status: Trader | 12,211 Posts
- #874,227
- Feb 5, 2014 4:42am Feb 5, 2014 4:42am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Look like ADP will move this s.h.i.t one way or another way.
It won't be easy to break out the range solely with ADP, ECB/NFP coming soon, the real move will start there
COT: The precious data ignored
- #874,228
- Feb 5, 2014 4:53am Feb 5, 2014 4:53am
- | Joined May 2010 | Status: Trader | 1,078 Posts
{quote} You'll be safer trading the PA than the outcome of the news. It won't be easy to break out the range solely with ADP, ECB/NFP coming soon, the real move will start there
Once scalper always scalper
{quote} I am glad you did not get stopped out on AC It was very close like few pips
EURUSD ::: I expect this high to be taken by EURUSD bulls hopefully it will happen without taking my SL first
- #874,230
- Feb 5, 2014 5:06am Feb 5, 2014 5:06am
Hi all! I am new to these forums and to forex trading in general. Been reading the forums for a while though and thought it was now a good moment to pop in and introduce myself
I also have a quick question. Why do you think the market is not reacting to any of the news, especially to the fresh European retail data? Is the ECB interest rate and the NFP all that counts after all?
I also have a quick question. Why do you think the market is not reacting to any of the news, especially to the fresh European retail data? Is the ECB interest rate and the NFP all that counts after all?
- #874,233
- Feb 5, 2014 5:35am Feb 5, 2014 5:35am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #874,234
- Feb 5, 2014 5:40am Feb 5, 2014 5:40am
- | Joined Apr 2010 | Status: Trader | 1,488 Posts
{quote} By the look of it, it wants to go up...better wait for ADP to execute a trade
I expect a rise too but that is not the point for me atm.
I am already looking for the next greater turning point and there I make the decision for the hedge trade I just made..
We have about 74 greater turning points every year and the smallest pip amount you can get is 200 pips.
I will try to take advantage of this during the coming year.
Weeks like this make me sick and I do not intend to be tied to the PC for the rest of the year.
Will try to give up intraday swings, more looking for weekly swings and higher.
- #874,235
- Feb 5, 2014 5:43am Feb 5, 2014 5:43am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #874,238
- Feb 5, 2014 5:59am Feb 5, 2014 5:59am
- | Joined Apr 2010 | Status: Trader | 1,488 Posts
I smell a bear
Just kiddin -
- #874,239
- Feb 5, 2014 6:00am Feb 5, 2014 6:00am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Neg MACD differential and falling stochastic, bear bias plus a break under 1.3438 put focus on the 200DMA (1.338) closing break > 1.3608 negates downside view support at fibo cluster 1.346x/7 1.344x resistance 1.3539/49 {image}
{quote} can someone explain this please?!?!?
COT: The precious data ignored
- #874,240
- Feb 5, 2014 6:01am Feb 5, 2014 6:01am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
