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EURUSD

  • #901,441
  • May 29, 2014 7:02am May 29, 2014 7:02am
Quoting pedro319
{quote} It could be 3 Months... What matters is the time frame where you enter the trade. Everything else is money management and discipline. Like any rule, it only works if you stick to it, NO MATTER WHAT. I can recommend good material for you to read. Cheers.
I would appreciate that very much Pedro. Thank u! I can use all the help I can get! Do u want my email to send the info?
  • #901,442
  • May 29, 2014 7:03am May 29, 2014 7:03am
Quoting gatorinla
{quote} in the above post if the bulls are here. they would easily push this thing to the extremes of the small bear setup for 3556. and if they are strong enough they will push above 68.. so at/near 68 (-69) is a sweet spot...one could risk a little + spread. and they will not be waiting around all day waiting to tp or s/o
LOL, your 1.3556 is 23.6 Fibo of my range and 1.3669 falls above the 50%, next to the UM. The astounding thing is that this range comes from the 90's, and it's valid today as shown in the chart.
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  • #901,443
  • May 29, 2014 7:13am May 29, 2014 7:13am
Quoting chazzle
{quote} don't blame you - looking a bit H&S like on LTFs - good work
Thank you, learning from you.....you still own me.......

Made 4 trades today, the idea is to cover half at the risk and not trailing the SL, if it turns back, the trade will result as BE.

Sometime I get lucky to make an home run with the second half......not today......but enough for me, made 2.7%
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Wherever you go, there you are.
  • #901,444
  • May 29, 2014 7:21am May 29, 2014 7:21am
cad and us data in 10 minutes, dont be surprised is pa goes spastic
If you are new to Forex? Say Goodbye to your account!!
  • #901,445
  • May 29, 2014 7:22am May 29, 2014 7:22am
gold is trying to rise before the news
  • #901,446
  • May 29, 2014 7:28am May 29, 2014 7:28am
into channel which could could also be a flag?
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Wherever you go, there you are.
  • #901,447
  • May 29, 2014 7:33am May 29, 2014 7:33am
what does this news mean? bad for the $?
Wherever you go, there you are.
  • #901,448
  • May 29, 2014 7:34am May 29, 2014 7:34am
Quoting milam
what does this news mean? bad for the $?
GDP -1%. I think it is bad for the $.
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #901,449
  • May 29, 2014 7:36am May 29, 2014 7:36am
Quoting Lacunoide
{quote} GDP -1%. I think it is bad for the $.
Thank you mate
Wherever you go, there you are.
  • #901,450
  • May 29, 2014 7:37am May 29, 2014 7:37am
Quoting milam
what does this news mean? bad for the $?
Only interest rate wise,...
"It's the Margin, Stupid."
  • #901,451
  • May 29, 2014 7:39am May 29, 2014 7:39am
Very low volatility
  • #901,452
  • May 29, 2014 7:45am May 29, 2014 7:45am
Quoting Capelli
Very low volatility
delayed but inevitable
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  • #901,453
  • May 29, 2014 7:46am May 29, 2014 7:46am
Quoting Capelli
Very low volatility
That considered, EUR/USD still did have a nice move between the pivot which it is trading inside. Now the question is will we stay between this range or will it surprise everyone and shake out. Considering that EUR/USD and almost all EUR pairs moved up BEFORE this news was released, it would be safe to expect a drop in price.
EUR/USD has already bounced off of its R1 pivot with the release of the news. EUR/JPY has left a tail at its main pivot, and remember that those two pais for the last 3 hours have been highly correlated. What I find interesting is since the news EJ has stuck near the Pivot line which it bounced off of, while EUR/USD has made 1 full pivot level reversal.
Ever thought about how much money you could earn wagering against yourself?
  • #901,454
  • May 29, 2014 7:48am May 29, 2014 7:48am
Quoting milam
what does this news mean? bad for the $?
it's only the US economy deteriorating...not much...
  • #901,455
  • May 29, 2014 7:48am May 29, 2014 7:48am
Attached Image (click to enlarge)
Click to Enlarge Name: fibo.PNG Size: 35 KB


The arrow shows the high created by the news. You can see EJ is still right near the pivot. While EU bounced off of the pivot and is now trading at the MR1 pivot. Should EJ stay where it is, and EU make a move upward then we should have a very nice 1 to 2 pivot level breach for EU, but as of right now it doesn't appear that it will do so.
Ever thought about how much money you could earn wagering against yourself?
  • #901,456
  • May 29, 2014 7:52am May 29, 2014 7:52am
Quoting Greener
{quote} it's only the US economy deteriorating...not much...
Well, If, The news is deemed by for the US economy it is clear to see that the currency priced it in with the move upward before the news. Typically movement in almost exchange market. Now it appears the profit taking on the news has begun.
Ever thought about how much money you could earn wagering against yourself?
  • #901,457
  • May 29, 2014 7:53am May 29, 2014 7:53am
Thank you guys, I have not any idea how this news business can be managed......I guess it is very useful for position trading......
Wherever you go, there you are.
  • #901,458
  • May 29, 2014 7:53am May 29, 2014 7:53am
Quoting Capelli
Very low volatility
it's bank holiday in Europe
  • #901,459
  • May 29, 2014 7:57am May 29, 2014 7:57am
Quoting FibsWork4Me
{quote} Well, If, The news is deemed by for the US economy it is clear to see that the currency priced it in with the move upward before the news. Typically movement in almost exchange market. Now it appears the profit taking on the news has begun.
It could be but being bank holiday in Germany and France, I tend not to take the market too seriously. Retracements for earlier moves happen frequently in these conditions. US session will tell more but I have the feeling they won't be too happy.
  • #901,460
  • May 29, 2014 7:58am May 29, 2014 7:58am
If, on the 5m chart EU closes across 1.36178 then I would scalp buy it. As we should get a puch to 1.36395 pivot at that point. Until then don't buy it at all, as we haven't even had a green close print on the 5m tf since the news was released.
Ever thought about how much money you could earn wagering against yourself?
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