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EURUSD

  • #903,081
  • Jun 6, 2014 5:43am Jun 6, 2014 5:43am
BINGO
Quoting Chicky
Here are few levels. Last night, I had 3562 as a support. It did break this support in early NY session but did not touch the next level that is 1.3499. Missed the opportunity to enter a long near 1.3500 for a 40 pip TP as publicised in last week's posts. The next similar opportunity will be if it gets near 1.3400. Short for now, it may make another attempt at 1.3500. 3832 3761 3742 3734 3698 3652 3650 3637 3630 3562 3539 3499 3472 3469 3441
My Best Trade is Next Trade!
  • #903,082
  • Jun 6, 2014 5:43am Jun 6, 2014 5:43am
Looks like she is reversing, divergence rsi, plus nice in oversold area. let see where she can go
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  • #903,083
  • Jun 6, 2014 5:47am Jun 6, 2014 5:47am
honestly, what is mofu? never heard kind of term
Quoting math_GB
{quote} There is no mofu... It is a vicious lie, invented by some untalented,crappy trader... Methodology is too simple that can not explain the dynamics of this market, don't be fooled...
My Best Trade is Next Trade!
  • #903,084
  • Jun 6, 2014 5:50am Jun 6, 2014 5:50am
Quoting MAM.Trader
honestly, what is mofu? never heard kind of term {quote}
Ask gator
You cannot learn better without losing
  • #903,085
  • Jun 6, 2014 5:51am Jun 6, 2014 5:51am
agree with "MAD" part
have concerns on "WISE" & "GUY"

Quoting wisemadguy
Guys Guys ... Would you please name your reasons when talking about downward and upwards of chart . I havnt been in Forex since crisis but as I remember and we all know Forex is not about "I feel it goes that way ." And technical friends please tell me about this channel , am I right or not ? {image} yellow channel in blue circle says we will have a break and there should be a downward as same height of channel which is shown with blue triangles highlighted with red circles and I also comparing last lines as that red "M" or double tops , am I...
My Best Trade is Next Trade!
  • #903,086
  • Jun 6, 2014 5:52am Jun 6, 2014 5:52am
gator?
Quoting forexings
{quote} Ask gator
My Best Trade is Next Trade!
  • #903,087
  • Jun 6, 2014 5:52am Jun 6, 2014 5:52am
turd float that has nothing to do with merit of the currency. in a hospital this is what they call "hooked up to a machine on life support". a subsidized currency by the Swiss. nobody knows where this experiment will end up. just dont be fooled by whats behind the curtain.
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those who can, do. those who cant, talk about those who can
  • #903,088
  • Jun 6, 2014 5:53am Jun 6, 2014 5:53am
Is it a good idea for me to put a sell limit @ 1.3760?
  • #903,089
  • Jun 6, 2014 5:55am Jun 6, 2014 5:55am
you mean gatorinla?
Quoting MAM.Trader
gator? {quote}
My Best Trade is Next Trade!
  • #903,090
  • Jun 6, 2014 6:08am Jun 6, 2014 6:08am
Quoting milam
the first 5m green candle was a good buy for a scalp, risking about 5 pips, I did not take it..........
On EU long?
PROredart is not PRO trader
  • #903,091
  • Jun 6, 2014 6:09am Jun 6, 2014 6:09am
Quoting honeill
The ADP data were much worse than expected. Market expectations were for a 210,000 reading, but it was only 179,000. So the expectations for the NFP today are 218,000 and I think they will be 187,000 worse than expected. EURUSD, GOLD should rise and the Indexes should fall!! Could this be a sign of a potential correction in the markets?
I am having the same thought, been collecting my longs since morning
  • #903,092
  • Jun 6, 2014 6:09am Jun 6, 2014 6:09am
Done for the day, one trade, made just below 0.5%, which is my goal with consistency, some days I make 1 or 1.5% per day, but they are the icing on the cake, market is not often generous and I am trying to adapt my skills when market is not....ta
Wherever you go, there you are.
  • #903,093
  • Jun 6, 2014 6:24am Jun 6, 2014 6:24am
Quoting PROredart
{quote} On EU long?
yes.....the bar I am talking about is the one indicated with the red line: previously a steep TL was broken indicating bulls interest(shown), then prices made an LL nearly touching the lower channel line, which means oversold, the green line closed near its high, small bar of about 3 pips, the risk would be around 5 (1 pip above its high for entry and 1 pip below its low for sl...

I did not take this trade because prices did not really touch the line and I was waiting for a real touch which never occurred.........I read somewhere that in trading close is close enough........
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Wherever you go, there you are.
  • #903,094
  • Jun 6, 2014 6:28am Jun 6, 2014 6:28am
Quoting aahmad29
I am starting adding short positions. First short position 1.3660 and TP=1.3640 at NY time 02:00 PM SL=undecided/No SL
20 pips. Short position closed with TP
Love for all; Hatred for none.
  • #903,095
  • Jun 6, 2014 6:34am Jun 6, 2014 6:34am
Reading the reactions of the ECB actions I have this:

1) No one knows what negative rates are going to bring.
2) TLTROs will depend on banks desire for the funds, unpredictable.
3) The measures are going to be activated with a lag of some months (only in September and December 2014).

So with such a lag for things to start working and potential results, markets will just continue their trends anway.
  • #903,096
  • Jun 6, 2014 6:38am Jun 6, 2014 6:38am
Quoting MAM.Trader
agree with "MAD" part have concerns on "WISE" & "GUY" {quote}
No matter but as I asked would you name your reason ? "IF" you are familiar with reason and Im so sorry my polite question offended you , so sorry
People wont learn to post analysis in forums not "I think its down/up!"
  • #903,097
  • Jun 6, 2014 6:39am Jun 6, 2014 6:39am
Quoting gatorinla
{quote} try 3992 and the missed norm at 3102.. then zoom in on yesterday on a 5m
Thanks Gator,
I did it yesterday when you talked about it. It was new trick for me to use fib tool like that. I never used it before like that.

The post you quoted is about getting latest swings on weekly ( 6 major swing in that case) and 100 up 100 down projections automatically without mofus. When i use mofus on them chart becomes messy.
  • #903,098
  • Jun 6, 2014 6:43am Jun 6, 2014 6:43am
Is there more room on the EURUSD upside?

Pre-NFP forex trading outlook

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  • #903,099
  • Jun 6, 2014 6:44am Jun 6, 2014 6:44am
Quoting emmalee25
Reading the reactions of the ECB actions I have this: 1) No one knows what negative rates are going to bring. 2) TLTROs will depend on banks desire for the funds, unpredictable. 3) The measures are going to be activated with a lag of some months (only in September and December 2014). So with such a lag for things to start working and potential results, markets will just continue their trends anway.
Strong hands will take it where strong hands need to take it. Which is up and probably as far as 1.41 as I said. They're pushing it again.
  • #903,100
  • Edited 9:31am Jun 6, 2014 6:46am | Edited 9:31am
Now people are being suspended for stating an opinion?! I mean, you have got to be kidding if the Mofo squad takes itself seriously ... half of their army, was destoryed after selling $1.35 back in November 2013, and Captian American is now trapped with a selling position below $1.36 ! This is getting funny
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