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EURUSD

  • #900,181
  • May 22, 2014 9:58am May 22, 2014 9:58am
bound to have some reaction at the trendline. EU hovering at weekly low.
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  • #900,182
  • May 22, 2014 10:03am May 22, 2014 10:03am
Quoting RomanBubenik
{quote} 5 PIPs in 1 hours ROFL

very quite slow i wonder
Keep the Lights on then you can catch the rise from the dark.
  • #900,183
  • May 22, 2014 10:09am May 22, 2014 10:09am
Quoting daozai
You guys are amazing.. how did you people trade with such confidence? I have burst my 1st account and I really want to know how you guys did it..
You could burn more and more accounts before getting some knowledge.

Traders are trading with confidence according to their plans. In their plan, they include a Stop Loss. They could win and could loss as well. Doesn't matter if they loose. They know, if they stick to their plan, they will win in the balance, due to their money management. Try to work and work and work, observe, observe, observe and observe than practice yourself to feel trading as a routine work. May be after that you could have results researched.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #900,184
  • May 22, 2014 10:13am May 22, 2014 10:13am
Quoting zapiron
why is the NY session sooooo boring always ????
The CFTC and NFA are over-regulating the US forex industry, and have run dozens of brokers out of business and forced many thousands of traders to leave the industry entirely. Hence, very little liquidity and virtually no volatility during the US session anymore. You can blame it on the Dodd-Frank Act. It all started there.

Just my opinion.
  • #900,185
  • May 22, 2014 10:22am May 22, 2014 10:22am
how long have you been trading ?
Quoting zapiron
why is the NY session sooooo boring always ????
My Best Trade is Next Trade!
  • #900,186
  • May 22, 2014 10:28am May 22, 2014 10:28am
Negative correlation:

EURUSD = 0.89

USDCHF = -0.94

Strange thing is that Negative Correlation is there but lots does not match in Forexfactory position indicator.
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Love for all; Hatred for none.
  • #900,187
  • May 22, 2014 10:36am May 22, 2014 10:36am
Quoting aahmad29
Negative correlation: EURUSD = 0.89 USDCHF = -0.94 Strange thing is that Negative Correlation is there but lots does not match in Forexfactory position indicator. {image}
correalation is just to see the true strenght of a particular currency, eg if u see EJ , EU bull , means Euro is positive most of the pairs.
  • #900,188
  • May 22, 2014 10:46am May 22, 2014 10:46am
Quoting aahmad29
Negative correlation: EURUSD = 0.89 USDCHF = -0.94 Strange thing is that Negative Correlation is there but lots does not match in Forexfactory position indicator. {image}
What would make you be long now, if not from earlier positioning and already proven wrong? To go long now would only again be in anticipation of a correction. Isn't that the falling knife all over again? How many times have I fell for this, just like those too young girls? Aaah, the days of youth [/poetic mode]
  • #900,189
  • Edited May 23, 2014 1:30am May 22, 2014 10:48am | Edited May 23, 2014 1:30am
Quoting pytaz
{quote} New long order (buy stop) at 1.3689 sl 1.3634 tp1 1.4040 tp2 1.4233 and sell order (sell stop) at 1.3654 sl 1.3689 tp1 1.3628
Just closed short manually and go for long
at 1.3646
sl 1.3615
tp1 1.4039
tp2 1.4233
(It's not an advise, use your own head..)
  • #900,190
  • May 22, 2014 10:55am May 22, 2014 10:55am
It looks like the market is into trashy pop music: one direction rule....euro woes might be more serious than expected if mixed US data and foggy FOMC minutes win even during US session. Waiting for next level 13639.
  • #900,191
  • May 22, 2014 11:00am May 22, 2014 11:00am
Quoting Greener
It looks like the market is into trashy pop music: one direction rule....euro woes might be more serious than expected if mixed US data and foggy FOMC minutes win even during US session. Waiting for next level 13639.
Now where do you get that number? Yesterday was a clean pin low of 1.36341...
  • #900,192
  • May 22, 2014 11:06am May 22, 2014 11:06am
Quoting flofri
{quote} Now where do you get that number? Yesterday was a clean pin low of 1.36341...
it's my S1. If I was you I wouldn't make a big fuss for 5 pips in forex ...especially if you are dealing with a real broker and don't do paper trading
  • #900,193
  • May 22, 2014 11:07am May 22, 2014 11:07am
Quoting Greener
{quote} it's my S1. If I was you I wouldn't make a big fuss for 5 pips in forex ...especially if you are dealing with a real broker and don't do paper trading
That's exactly my point...why a specific number that has no real meaning? BTW I really don't care how much further down it goes...I don't do S and R in this way. I would really rather say, there is a low. How your S1 got there still amazes me, but only because I am a little bored.
  • #900,194
  • May 22, 2014 11:10am May 22, 2014 11:10am
Quoting flofri
{quote} That's exactly my point...why a specific number that has no real meaning?
because your numbers are different from mine...and my numbers can make sense to someone else other than you
  • #900,195
  • May 22, 2014 11:11am May 22, 2014 11:11am
Quoting Greener
{quote} because your numbers are different from mine...and my numbers can make sense to someone else other than you
yes...for sure...so why post it then?
  • #900,196
  • May 22, 2014 11:15am May 22, 2014 11:15am
Quoting flofri
{quote} yes...for sure...so why post it then?
I simply posted my view. what else are forums for? why don't you ask yourself same question about your posts?
  • #900,197
  • May 22, 2014 11:16am May 22, 2014 11:16am
This week's EUR picture showes the one and only type of consolidation I learned to actually trade .Locked between weekly support and 4h resistace , one cn confidently buy 3620-50 area and sell 3700 - 30 area .Shoudl we see another rally towards 3700+ , there will be a good oportunity to short for bellow 3600 ....at least my observation ....GL
  • #900,198
  • May 22, 2014 11:18am May 22, 2014 11:18am
Quoting flofri
{quote} What would make you be long now, if not from earlier positioning and already proven wrong? To go long now would only again be in anticipation of a correction. Isn't that the falling knife all over again? How many times have I fell for this, just like those too young girls? Aaah, the days of youth [/poetic mode]
I am starting adding long positions now again.

1. Long @ 1.3648

Reason to add long:

EU-D1 ; price is right on top of MA200 and price can go up. If price goes down then there will be retracement and at that point i will add more long position and hopefully close long positions at profit. I will keep updating if i add any other position.

I don't even know where price will go but i will try to manage the trades and my target is to close positions at profit.
Love for all; Hatred for none.
  • #900,199
  • May 22, 2014 11:19am May 22, 2014 11:19am
Quoting flofri
{quote} Now where do you get that number? Yesterday was a clean pin low of 1.36341...
Yesterday low was 1.3633.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #900,200
  • May 22, 2014 11:25am May 22, 2014 11:25am
Quoting Alki
{quote} Yesterday low was 1.3633.
Alright! That's a broker difference.
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