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EURUSD

  • #880,381
  • Mar 3, 2014 12:55am Mar 3, 2014 12:55am
Quoting aarontdang
{quote} To be honest... I know my luck is really bad.. I didn't plan on to make $ on this account I just used it as a loss to make $ on other accounts Think about it .. holding short on EUR/USD doesn't look good now ..... If backtesting your system work ... 99% wouldn't lose $$$. I admit that the only reason i'm losing is because I didn't have a sizable stop loss in place. Even with all this bad luck trading.
If you are talking about luck then you need to spend more time studying the charts imho. With hours of watching and testing you can become quite adapt and knowing where the market will be going. This is where demo comes in handy just to test if you can get the direction correct, though I'd advise watching a live feed if possible. After hours of watching, studying chart patterns, knowing typical movements of news reports etc etc then the scales slowly tip in the direction of experience. It's no easy game as I'm sure all here are aware but if you can save those dollars in a live account until you can truthfully admit (to yourself) that you understand your own strategy and can honestly see it being profitable then your live account may have a chance of staying alive.
As the lights go by so too do the shadows move
  • #880,382
  • Mar 3, 2014 12:56am Mar 3, 2014 12:56am
[quote=aarontdang;7314700]{quote} I shorted it @ 1.3777 too .... Everyone shorted already ... So maybe that's why price won't go down further?

short from 13788
  • #880,383
  • Mar 3, 2014 12:57am Mar 3, 2014 12:57am
Gidday EUR/US

Market gets the jitters

EUR loves shitty news

more than likely make a new high.

Not saying I will add any new longs

but this turd can go higher.

Crazy thing about trading this pair

its seems to bounce back a few hours later
  • #880,384
  • Mar 3, 2014 12:58am Mar 3, 2014 12:58am
Quoting Matts Micro
{quote} If you are talking about luck then you need to spend more time studying the charts imho. With hours of watching and testing you can become quite adapt and knowing where the market will be going. This is where demo comes in handy just to test if you can get the direction correct, though I'd advise watching a live feed if possible. After hours of watching, studying chart patterns, knowing typical movements of news reports etc etc then the scales slowly tip in the direction of experience. It's no easy game as I'm sure all here are aware but...

I made 40% Profit last week by trading stupidly like this.
Let's see if I blow up my account like this or make % again this week!
  • #880,385
  • Mar 3, 2014 1:01am Mar 3, 2014 1:01am
Quoting eliteincome
Gidday EUR/US Market gets the jitters EUR loves shitty news more than likely make a new high. Not saying I will add any new longs but this turd can go higher. Crazy thing about trading this pair its seems to bounce back a few hours later
dont think so on a day like today. we may witness blood bath soon.
  • #880,386
  • Mar 3, 2014 1:03am Mar 3, 2014 1:03am
An idea came into my mind.. could it be possible to arrange a demo account for collective trading like "Twitch Plays Pokemon" experiment?
K.I.S.S.
  • #880,387
  • Mar 3, 2014 1:05am Mar 3, 2014 1:05am
Quoting aarontdang
{quote} I made 40% Profit last week by trading stupidly like this. Let's see if I blow up my account like this or make % again this week!
Basically you have said it in one sentence. How much risk was involved in the 40%? Lets say you're good enough for 1:1 RR trades. That means you risked 40% of an account in one week. Nice win for 1 week but what happens with 2 losing weeks... margin call and all for naught. It's the common mistake, people treat forex like a get rich quick scheme instead of buckling under for the long term prospect of making really good money with a compounding balance.
As the lights go by so too do the shadows move
  • #880,388
  • Mar 3, 2014 1:08am Mar 3, 2014 1:08am
Quoting goldfinger
{quote} dont think so on a day like today. we may witness blood bath soon.
Hi Goldfinger

Yes we dump over due any way

EURUSD – Bids at 1.3750 to help support price. forex news
  • #880,389
  • Mar 3, 2014 1:09am Mar 3, 2014 1:09am
Quoting Davit
{quote} Its obvious Asia does not have balls to decide. I watched documentary of Japanese men in their 30's and 40's dating virtual girls and have difficulty deciding if real girl is better then cartoon on their pc http://online.wsj.com/news/articles/...209658940.html Only in Japan, Real Men Go to a Hotel With Virtual Girlfriends
Thats funny Japanese cannot decide between Real and Virtual,......................... obviously it is Virtual that's better.
The Thief of Wall Street
  • #880,390
  • Mar 3, 2014 1:13am Mar 3, 2014 1:13am
Quoting Chicky
{quote} Thats funny Japanese cannot decide between Real and Virtual,......................... obviously it is Virtual that's better.
That's why they got 140% (probably lot higher)debt to GDP biggest in the world and growing worse by every year,severe population decline from lack of production of babies.Hey if men prefer virtual girls I guess that's the end of civilization as we know it.
In trading, you have to be defensive and aggressive at the same time
  • #880,391
  • Mar 3, 2014 1:16am Mar 3, 2014 1:16am
Quoting Davit
{quote} Its obvious Asia does not have balls to decide. I watched documentary of Japanese men in their 30's and 40's dating virtual girls and have difficulty deciding if real girl is better then cartoon on their pc http://online.wsj.com/news/articles/...209658940.html Only in Japan, Real Men Go to a Hotel With Virtual Girlfriends
Being based in Asia, it's also due to the lack of money to move the markets.

Institutional players are only limited to the banks and funds while the big cap fund size of an asian fund would be considered mid cap in the West. This is due to the rich people's disregard for other financial assets. Most of the rich made their cash through the property industry and thus favor property more than equities/FX/options.

They are still stuck in the past and not keeping up with the times. Doesn't matter though, at least I don't get taxed on all my capital gains.
  • #880,392
  • Mar 3, 2014 1:19am Mar 3, 2014 1:19am
Quoting Davit
{quote} That's why they got 140% debt to GDP biggest in the world and growing worse by every year,severe population decline from lack of production of babies.Hey if men prefer virtual girls I guess that's the end of civilization as we know it.
Hey Davit, you said you don't want to be racist, but it's close. At least you are generalistic. I would prefer if you'd tone it down a bit.
Fail better.
  • #880,393
  • Mar 3, 2014 1:20am Mar 3, 2014 1:20am
long eu 1378x tp 1382x sl 13712; long gbp/jpy 1697x tp 17012 sl 1688x
  • #880,394
  • Mar 3, 2014 1:25am Mar 3, 2014 1:25am
Quoting Chicky
{quote} A better way would be to ask his views about the US debt.
Well, that more or less all goes directly into the defense budget, so that's a very good thing, because the US is able to calm the situation in Ukraine and stand up against Russia....
oh wait, as we know since Georgia they can't and won't.
Fail better.
  • #880,395
  • Mar 3, 2014 1:27am Mar 3, 2014 1:27am
Quoting LarryDarrell
{quote} Hey Davit, you said you don't want to be racist, but it's close. At least you are generalistic. I would prefer if you'd tone it down a bit.
Japan's debt is real.Their own racist society prohibits immigration hence continued decline of population.So logically if population is declining and you are accumulating more debt without end in sight is disaster tsunami proportion waiting to happen.
On top of these Japanese society is getting wasted on virtual garbage.
General? Yes but true.Some generalities are true.
In trading, you have to be defensive and aggressive at the same time
  • #880,396
  • Mar 3, 2014 1:28am Mar 3, 2014 1:28am
Quoting Davit
{quote} Japan's debt is real.Their own racist society prohibits immigration hence continued decline of population.So logically if population is declining and you are accumulating more debt without end in sight is disaster tsunami proportion waiting to happen. On top of these Japanese society is getting wasted on virtual garbage. General? Yes but true.Some generalities are true.
Easy: short JPY with all you've got!
Fail better.
  • #880,397
  • Mar 3, 2014 1:32am Mar 3, 2014 1:32am
Quoting attila
{quote} I don't know.. I'll probably show up here during off hours or when flat.. I really don't need to carry around the mental baggage this thread creates while actively trading. 3756 if it comes back down again from 3850 area.. Right now the direction should be up for the next couple of days..
Yep, i think so too. The Ukraine drama has been priced and the gap is now being filled up.
  • #880,398
  • Mar 3, 2014 1:33am Mar 3, 2014 1:33am
EUR/USD :


Finally we did manage to take profit in 1.37730 zone and we reversed from there ...

Result = + 43 pips ...

Currently we are long EU for another attempt at higher zones as described before ...


Quoting mercy seat
Good morning fellow traders! Buon giorno! Guten Morgen! Bonjour! Moin! ;-|

EURO SUMMARY: Euro-dollar opened at $1.3799 in NY near its daily high of $1.3813...

EURO SUMMARY: Euro-dollar opened at $1.3799 in NY near its daily high of $1.3813 following a higher EZ CPI number than most market participants expected, especially given the recent soft inflation data from several European countries. The dollar remained offered in early NY dealings with dollar-chf trading beneath Chf0.8800 for the first time since early Nov 2011, and ahead of US Q4 GDP the euro rose to a high of $1.3818. There was little reaction to the US GDP data coming in below forecasts, but the pair broke as euro-yen demand kicked in with stock futures recovering losses and leveraged buying forced a high of $1.3824. Some traders mentioned the trendline resistance going back to the 2008 high of $1.6038, which is at $1.3834. The release of stronger US Chicago PMI and Uni of Michigan Confidence helped the dollar, and the pair eased lower finding support at the 23.6% daily level of $1.3793. Month end fixing demand saw a modest rally to $1.3813, which extended to $1.3818 and appeared to be heading for a subdued end to the week. However reports of Russian troops in Crimea saw kneejerk reaction to buy safe haven currencies and it made intraday high of $1.3825 before easing back and closed at $1.3796.



Source: Market News International (MNI) – A Deutsche Börse company
2. March 2014 19:35:02

Quoting mercy seat
{quote} GBP/AUD : Violation of critical zone occurred ... ;-|

GBP/AUD :

Which means that it is more likely we are eyeing for higher levels in the near future ... and further price action towards above 1.8805 and even higher rates than 1.8830 or 1.8840 cannot be ruled out anymore ... but otherwise there is room for some corrective action and a pullback as long as 1.8870 cannot be crossed anytime soon ...
Its critical support is considered at around 1.8509 on a daily basis. And a premature move to below 1.8620 or even somewhat more is urgently needed in order to maintain a suitable downwards structure ... currently the market has seen its settlement around 1.8755 ... Attachment

Hourly TF => : EURUSD 1.3797 (+4) ... USDCHF 0.8789 (-5) ... GBPUSD 1.6732 (+5) ... USDJPY 101.75 (±0) ... USDCAD 1.1065 (±0) ... EURJPY 140.36 (+3) ... AUDUSD 89.21 (-3) ... NZDUSD 83.80 (+4) ... GBPJPY 170.32 (+3) ... GBPAUD 1.8755 (+6) ... 22h55 CET ... Friday 28. Feb 2014

EUR/USD :

Hourly trend with a bullish biased tone after it did give us a close above its critical level at 1.3780 zone ... a pullback to below its former breakout zone 1.3777 is likely on Monday ... as long as capped below 1.3840 (hourly basis) zone ... Attachment
Otherwise further upside attempts towards 1.3853 or even to above 1.3880 are possible now ... especially while it remains well supported above 1.3718 - 1.3690 zone ... which is considered to act as its critical support zone on a daily basis for now ...

EUR/JPY :

This pair looks more tempting to me at the present time. We still have some smaller active sell positions from 140.97 on board. Neutralized setup with mild positive stance with a possible objective area at 141.27 - 141.56 zone ... which is more likely to be tested again ... especially while it remains well supported above 139.70 zone ... whereas its critical support is considered near 139.15 and below 138.95 zone ... Attachment



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #880,399
  • Mar 3, 2014 1:46am Mar 3, 2014 1:46am
yen short?
Wherever you go, there you are.
  • #880,400
  • Mar 3, 2014 1:53am Mar 3, 2014 1:53am
trading is not about luck but about probability, expectancy. You enter a trade based on your system and exit based on them, whether profit or lost
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