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EURUSD

  • #895,641
  • May 7, 2014 8:14am May 7, 2014 8:14am
If Yellen is good news then short, if it is bad then long.

I feel it will be good so am short...
  • #895,642
  • May 7, 2014 8:15am May 7, 2014 8:15am
Less than an hour remaining for the Testimony by Fed Chair, Janet Yellen. Possibly a fuel to generate volatility into the EURUSD.
  • #895,643
  • May 7, 2014 8:20am May 7, 2014 8:20am
Quoting aarontdang
{quote} TOTAL : +1.4% for the week now We all have difference way of trading
At the end, all traders have one goal; Hit TP .

I am also waiting for testimony and will see that how my pending and active positions react.

I am only trading EU and all day there was nothing much movement.
Attached Image
Love for all; Hatred for none.
  • #895,644
  • May 7, 2014 8:22am May 7, 2014 8:22am
Quoting 11223abD
If Yellen is good news then short, if it is bad then long. I feel it will be good so am short...

Or go Long either way!
Cheers!!
  • #895,645
  • May 7, 2014 8:34am May 7, 2014 8:34am
Quoting Citiboy
Yellen doesnt even really need to be hawkish, all she has to do is say the data was good.
data has been good.Drop unemployment,Consumer sentiment up,manufacturing up.
I anticipate 200-400 correction on Euro coming next Q
In trading, you have to be defensive and aggressive at the same time
  • #895,646
  • May 7, 2014 8:34am May 7, 2014 8:34am
Quoting aarontdang
{quote} TOTAL : +1.4% for the week now We all have difference way of trading
Usually i would never comment on someone else methods but i did have a look at your accounts and i see you are trading large lot sizes in comparison to your account balance... you should be on micro lots and nano lots if there is such a thing, your accounts are highly under capitalized and this simply raises your risk.

Be careful, as you said this week 1.4% profit, next week may not be so lucky... but with the lot sizes you are using based on the account size you have its high risk my friend and sooner or later it will not last as we cannot be correct all the time.

But i wish you all the best i really do and apologies in advance if i have poked my nose where it does not belong, but is only coz i care!
Cheers!!
  • #895,647
  • May 7, 2014 8:35am May 7, 2014 8:35am
Quoting Davit
{quote} data has been good.Drop unemployment,Consumer sentiment up,manufacturing up. I anticipate 200-400 correction on Euro coming next Q
Look at my Forex Broker Inc Contest result so far.
http://www.myfxbook.com/contests/for...-broker-inc/20 No risk = No reward
  • #895,648
  • May 7, 2014 8:38am May 7, 2014 8:38am
Quoting Davit
{quote} data has been good.Drop unemployment,Consumer sentiment up,manufacturing up. I anticipate 200-400 correction on Euro coming next Q
I am already long EURUSD 1.3915 and GBPJPY 172.25, I also have pending shorts in the market at 1.4050 and 1.4250 for EURUSD, very unlike me to have pending orders but i feel and i have stated almost a month ago that i expect price action to go north without any significant correction (38.2,,50,,61.8%), this will mean that if price does reach 1.4050 then 38.2% retrace will come in at 1.3950, 1.39 (50%) and 1.3876 (61.8%) all good levels to reenter long thereafter.

For me the only level thus far to negate ANY bullish outlook is valid break below 1.38 , any buys close enough to this level will offer good RR and be align with the current trend!

I was told by some other member that i should play lotto for trying to predict the market like this LOL, but thats the game here right??
Cheers!!
  • #895,649
  • May 7, 2014 8:42am May 7, 2014 8:42am
Yellen Ready to pump the DIA to new weekly highs cant wait for her to bring out the age old pompons
Past glory means nothing on the battlefield
  • #895,650
  • May 7, 2014 8:44am May 7, 2014 8:44am
Quoting aarontdang
{quote} Look at my Forex Broker Inc Contest result so far. http://www.myfxbook.com/contests/for...-broker-inc/20 No risk = No reward

Demo account!!! and i see you go with 20 lots so that would be 2mio notional value right... on a 50k account???

good luck on the contest, but i think it would be very different on a real A/C, maybe?
Cheers!!
  • #895,651
  • May 7, 2014 8:45am May 7, 2014 8:45am
lets see if we get my friend attila's 1.3960 today with grandma yellen being super duper dovish.

Breaking news: I got the excerpts of what yellen is going to say. here it is
Attached Image
  • #895,652
  • May 7, 2014 8:47am May 7, 2014 8:47am
she may also say this.
Attached Image (click to enlarge)
Click to Enlarge Name: yellen_funny.jpg Size: 470 KB
  • #895,653
  • May 7, 2014 8:49am May 7, 2014 8:49am
Quoting giveachance
lets see if we get my friend attila's 1.3960 today with grandma yellen being super duper dovish. Breaking news: I got the excerpts of what yellen is going to say. here it is {image}
3960 is becoming obsolete. your shorts are not in good company is all I have to say
  • #895,654
  • May 7, 2014 8:49am May 7, 2014 8:49am
Quoting PipsMaster23
{quote} I am already long EURUSD 1.3915 and GBPJPY 172.25, I also have pending shorts in the market at 1.4050 and 1.4250 for EURUSD, very unlike me to have pending orders but i feel and i have stated almost a month ago that i expect price action to go north without any significant correction (38.2,,50,,61.8%), this will mean that if price does reach 1.4050 then 38.2% retrace will come in at 1.3950, 1.39 (50%) and 1.3876 (61.8%) all good levels to reenter long thereafter. For me the only level thus far to negate ANY bullish outlook is valid break...
My bias is south.I could be wrong and If I am then I'll take a loss and try again.
We are all trying to make educated guesses weather tech or fundies or both.I am in camp of using both.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #895,655
  • May 7, 2014 8:50am May 7, 2014 8:50am
Any video links to Yellen?
  • #895,656
  • May 7, 2014 8:51am May 7, 2014 8:51am
out of my short for 1.5 pips or so - not willing to hold into yellen.
  • #895,657
  • May 7, 2014 8:52am May 7, 2014 8:52am
Quoting Davit
{quote} My bias is south.I could be wrong and If I am then I'll take a loss and try again. We are all trying to make educated guesses weather tech or fundies or both.I am in camp of using both. Regards
I wish you all the best on your trades...

As for me the trades i am in are ALL protected i have in case i am knocked out entered a pending limit buy at 1.3885

Also, SL on GBPJPY now moved to 1.7250 (+25)
Cheers!!
  • #895,658
  • May 7, 2014 8:52am May 7, 2014 8:52am
Quoting neil324
Any video links to Yellen?
http://www.bloomberg.com/
click on live TV on right.Usually they cover.
In trading, you have to be defensive and aggressive at the same time
  • #895,659
  • May 7, 2014 8:53am May 7, 2014 8:53am
want to marry yellen to make front running sure she will told me what she want to do after sex
  • #895,660
  • May 7, 2014 8:54am May 7, 2014 8:54am
lol... Price has such wonderful oscillations... then NY starts.
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