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  • #874,781
  • Feb 6, 2014 10:07am Feb 6, 2014 10:07am
Quoting bigwal
{quote} Point me to the post just to be clear ?
well he has a habit of running into fights. don't reply to his posts.
  • #874,782
  • Feb 6, 2014 10:08am Feb 6, 2014 10:08am
see u all tomorrow. I think no moves for today atleast. 1.3620 may cap it. 1.3585 may cap it on the downside
  • #874,783
  • Feb 6, 2014 10:13am Feb 6, 2014 10:13am
1.2044? thats yesterday...old stuff..it's bullish men...bullish...
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #874,784
  • Feb 6, 2014 10:21am Feb 6, 2014 10:21am
Quoting bigwal
{quote} Yes i do. What do i have to point it out for all here , anything else ???' This going to 1.364 before any other meaningful move, it might fall a bit from here. But it will end up there. How it does travel may help with seeing what nfp will do
kinda agree with that 364ish, got several tech confluence there
In the end its just a stupid numbers game
  • #874,785
  • Feb 6, 2014 10:24am Feb 6, 2014 10:24am
Quoting sakisf
{quote} Jan 9 dropped then faded. (rate same as previous) Dec 5 went up (rate same as previous) Nov 7 dropped (rate cut) Oct 2 went up (rate same as previous) Sept 5 went down (rate same as previous) So, it always depends on the expectations of the market not what happened in the past. Can't make a pattern out of it. People expect a cut tomorrow. If there is no cut it will go up, then depending on unemployment claims it will go further up or down again.
This was a great post yesterday (congrats) and explains why the big up move today. A lot of people (regardless of the fundamentals) were positioned on the wrong side of the rate cut decision. The 4hr chart showed a support level around 1.347? which gave a low risk area for a long.
Without a trade plan, say bye bye to your account & hello to frustration.
  • #874,786
  • Feb 6, 2014 10:31am Feb 6, 2014 10:31am
Quoting gatorinla
gbp never hit 6688, long gbp atm. no surprise to see eu 3685 again.
make it 3688,
looking for weakness if/when after we get there.
draw a fib from the 347x low to 3688.. see where we are atm.

gpb is a struggle, but it still has not reached where it indicated, dont know if it will. but my trade is in the green.
those who can, do. those who cant, talk about those who can
  • #874,787
  • Feb 6, 2014 10:33am Feb 6, 2014 10:33am
Quoting parth1276
hello folks i have taken a trade long for 0.30 lots at 1.3533 TP 50 PIPS and SL 100 PIPS LOOKS good till now lets wait for the results.. ?? Regards {image}
I Will celebrate ... with these profits.... ​
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  • #874,788
  • Feb 6, 2014 10:38am Feb 6, 2014 10:38am
wow a pump before nfp parole. what are the odds?
those who can, do. those who cant, talk about those who can
  • #874,789
  • Feb 6, 2014 10:39am Feb 6, 2014 10:39am
People certainly were not expecting rates cut today, just as they were not expecting BoE to raise rates. Few months from now shall be decisive.
  • #874,790
  • Feb 6, 2014 10:48am Feb 6, 2014 10:48am
Quoting ud1nh0
1.2044? thats yesterday...old stuff..it's bullish men...bullish...
Hello din, long time no see
Me... shorting EU first target 1.3555
Attached Image
That which does not kill us makes us stronger
  • #874,791
  • Feb 6, 2014 10:49am Feb 6, 2014 10:49am
gbp just made a hh poke for the day. it may drop at some point back to 6297. i expect it to eventually go in the smaller tf to 6435. atm at 6336 with a 3647 high. nfp is the monkey wrench.
those who can, do. those who cant, talk about those who can
  • #874,792
  • Feb 6, 2014 11:18am Feb 6, 2014 11:18am
Quoting plesac
At arrow no.1 we tested 200 ema on daily, and base line was above cloud. At arrow no 2 again but base line is closer to cloud.. Now we are closing below cloud , base line is inside cloud. so momentum on this up move is geting slower, melting. If on new daily we make even 1 pips more down from today candle i think we are going to 200 ema agin for 3rd time, and maybe again to cloud area. {image}

http://www.forexfactory.com/showthre...63#post7249663


On daily we are at lower edge of cloud. We might dance with that line from now, and we are in blue down channel and on feb 11th resistance line of that channel will be below cloud as well.


On 4hr we are at very edge of cloud and 200 ema from below. that could be resistance as well, and i am thinking we will stay at that level until tomrrow or day after that for new buy orders to come all the way to that blue chanell resistance line arround 3650 area.


On 1 hr ADX is below 20 for now which means that trend in that TF is weak for now. If it goes above 20-25 and price stays on up trend is strong if you belive this indicator.Maybe for tonight and tomorrow we make some kind of flag or other formation which will indicate that this today was start only. For now price stays on this level which is good for buyers from below.
If we break above this chanel then 3740 area and 3810 area and in the end 3890 as final . Why? Well ECB today said that despite low inflation for now they will hold rate at this same level for now. So no reason to sell euro for now. But in march or april if inflation is still below target of 2, 5 % or goes even more down they will cut. At that cut we might be arround this 3810 or 3890 area and that would be 3rd time for this levels to hold. at that time bearish divergance is most likly on RSI and we might sell to this 3450 area again which was good support so many times.


If we stay below cloud in next few days on daily again 200 ema on daily, or or hold buy untill thus higher levels if you belive it wont cut rates yet. I am in buy from that 200 ema on daily. Untill when will see. 3650 area is for me intresting this week. happy trade to all
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  • #874,793
  • Feb 6, 2014 11:21am Feb 6, 2014 11:21am
Ok im going short now, hard resistence where we are.
  • #874,794
  • Feb 6, 2014 11:25am Feb 6, 2014 11:25am
Quoting moneymove
{quote} Hello din, long time no see Me... shorting EU first target 1.3555 {image}
hi moneymove, can you explain your Money management strategy please, really good your way of trading..?
  • #874,795
  • Edited 12:02pm Feb 6, 2014 11:49am | Edited 12:02pm
Quoting acuinat
{quote} hi moneymove, can you explain your Money management strategy please, really good your way of trading..?
Hi acuinat, for this account I show off at my signature I used 1:10 RR, risking $250 (prize money so nothing to lose) aiming at $2,500, and I almost reach my target .

For my regular account I only risk 2% max each trade. Actually there is good visual money management indicator called HurtLocker.mq4. You just draw horizontal line at your planned entry price, and it will automatically calculate your MM based on your risk tolerance, and draw TP and SL accordingly. Just google it or you could PM me and I'll send it to you.

Here the indicator in action
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Attached Image
That which does not kill us makes us stronger
  • #874,796
  • Feb 6, 2014 11:51am Feb 6, 2014 11:51am
Interesting day, will defiantly have been a good one for some, made a few pips but stood aside For most of the madness. I'm surprised there hasn't yet been a bigger retraction from the spike.

So what are your thoughts for tomorrow? I've entered short at 3610, feeling good to return to 3580 and lower tomorrow but keeping an eye on the payrolls. Anyone else going short or think the bulls are in?
  • #874,797
  • Feb 6, 2014 11:53am Feb 6, 2014 11:53am
Quoting Suffo
buy 602 sl 582 tp 617
out be
With a good book and quality paper you can fine wipe your ass.
  • #874,798
  • Feb 6, 2014 11:56am Feb 6, 2014 11:56am
sell 603 sl 619 tp 500+
With a good book and quality paper you can fine wipe your ass.
  • #874,799
  • Feb 6, 2014 12:13pm Feb 6, 2014 12:13pm
Quoting Berniej
Interesting day, will defiantly have been a good one for some, made a few pips but stood aside For most of the madness. I'm surprised there hasn't yet been a bigger retraction from the spike. So what are your thoughts for tomorrow? I've entered short at 3610, feeling good to return to 3580 and lower tomorrow but keeping an eye on the payrolls. Anyone else going short or think the bulls are in?

I am Hedging Counter Bias position and SELL on 1.3614 and TP at 1.3585. Bias are on BUY position. Hope I am good on it.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #874,800
  • Feb 6, 2014 12:14pm Feb 6, 2014 12:14pm
Quoting moneymove
{quote} Hi acuinat, for this account I show off at my signature I used 1:10 RR, risking $250 (prize money so nothing to lose) aiming at $2,500, and I almost reach my target . For my regular account I only risk 2% max each trade. Actually there is good visual money management indicator called HurtLocker.mq4. You just draw horizontal line at your planned entry price, and it will automatically calculate your MM based on your risk tolerance, and draw TP and SL accordingly. Just google it or you could PM me and I'll send it to you. Here the indicator...
thank for your fast reply i will test it soon.
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