EURUSD

It's ok, most do not have skills to drive F1 car but they are still good everyday drivers. Life goes on.

If you are doomed try it again with a new account.

You will not make the same mistakes again I am sure.

I blew up two accounts, have been odd/even with my three new ones over a year and now I am profitable.

All in all 4-5 years, pretty much the time for every profession you have to learn from the scratch.

Hi

The plan was to short from higher level

But the EUR started to climb again

Thinking if it gets up any higher the buyers will push it back up

as 1.35 is a tough nut to crack

Hi Vachus,

they tried it in the last 3 seconds, reached 48 only but were pushed back.


My broker (alpari) says: 1.3646 is the final value.

So:

Game over!

Enjoy the weekend traderz

So...bulls have gained a bit more ground......still ..so much in range 3678 will be important ....

Have a great weekend everybody!! Hope everybody made some Green Pips!!

UC Daily the bearish megaphone has played its first leg and now about to re-enter a possible battle zone, as per chart, previous resistance about to be tested as new support?
My guess is a good battle to keep an eyeball on because if she bounces it could be hard, very hard, alas same for break south, but if she does bounce north eu bulls will suffer horribly

remembering there is only 1 day left in the June candle, looking at other prs, monday (normally rubbish to trade) could / should be a very exciting market day especially US$ Cad$ and Kiwi$ (accordingly Aussie$, cant wait

EU Monthly

love this chart beautiful May Candle 5th year in a row, anyway she has bounced from previous support but still in compression mode, monthly compression mode, so any break north or south from this zone will be massive,

right now with one day of june to go pa is hovering at may close june open level for me as per most of this month no mans land and very tricky dangerous to even try get a green pip, scalpers should have done ok but candle close will be very important

large speculators are positioned for dollar bulls. http://www.forexfactory.com/showthre...85#post7567485

there are many support levels UC has to go through. I am long UC right now, will add on dips. For euro, the place to start building shorts is 3700. It wont see 1.4 for a long time to come.

Kiwi Monthly
same as eu, May bear candle however this months so far is strong bull candle (so far, there is 1 day still to go)
note 4 out of last 5 may candles were bearish, but notice the size of the candles this may was smallest, possable still some bearish action on the horizon, also note when the bears do enter they enter very very hard, the last time pa was at these levels the bear totally rejected the very strong bull attack 2011 the september candle alone was just under 1000 pips so this girl could keep grinding higher, but the rr is definitely south hard and fast, 1000 pip trades are just dreams to most, and to achieve one in a month is "black magic"

so my trade plan will be starting Monday watching for train departure,could take a month even two, but I want / will be on that train

I was tempted to enter but decided not to hold over this weekend, my guess is there is very very good potential for an ugly "gap" this weekend and I don't like not being in control while brokers play their stupid games, ugly gaps if they go your way or against are still ugly, Im happy to wait unitl Monday - Tuesday

almost ready to short kiwi: http://www.forexfactory.com/showthre...90#post7540390
just wait couple weeks, then it is time to short kiwi.

Thanks for you're 3 tread Kiwi, really intersting POV especially the one on kiwi .. I did'nt Know this pair (Never trade her) but i may take a few position on it with this huge resistance !!

sos, still holding short. and if we break out north. i still would not long w/o a pullback like noted... still in the same range with 1 day left till months end. usdx still is sitting on support. its not broke till it breaks.. if/or/when it does, other opportunities most times present themselves at a price better then the b/o level

yep, must remember any S&R is only good until it fails, kiwi is tricky with negative swap, my guess that is why when there "is" a sell off its pretty violent and sustained, 2nd problem with kiwi, is she has a habit of ranging before any decent move, hence me saying range traders or scalpers should have been doing ok lately considering she has been ranging since early march, incidentally forming a mega phone presently just below the utl of the megaphone, generally megaphones are bullish @ support and bearish @ resistance

I would suggest to be patient until a topping pattern has been confirmed, and Monday Tuesday should give really good clues, I will be using Mondays open (weekly) and Tuesdays open (monthly as my guidelines, looking at pa I would expect a nasty gap down monday or tuesday, but considering the amount of manipulation presently, a player could load up and pop her up through resistance gobbling stops etc and then reject south hard,

the biggest consideration must be the r/r if can catch this top and (top hunting is not recommended), the reward could be considerable, in excess of 1000 pips

so be patient keep an eye on whatever you watching for either usd appreciation, or cad kiwi gbp aussie depreciation if both bears will finally show their true nature, but if I was to believe what shows on tv / media etc we could be heading to parity and that would pretty much stuff our economy completely

yep agreed gator, 1st thing I learned was s/r and trend then tried adding all sorts of indi,s all failed over and over, for me the best thing I have learned trading is "retest" is most important of all, they do fail and often, but when a retest holds either way, the move / direction has held the best:nerd:

Monthly moan ending June 2014

I’m liberal-minded – but not, I hasten to add, a fluffy liberal. As such, I will tolerate most things… in moderation, or to the point where the pain becomes unbearable, not to say absolutely disgusting to look at. However, there are some sights that just make you stop in your tracks and want to shout NO!

My example is that which I viewed whilst perusing a shopping district within Tokyo. True, most districts of Tokyo seem like shopping centres, but with so many people, and so little space, that hardly comes as a surprise to me. Anyway, within this particular shopping district, one could view the many sararīman (salarymen), racing around in their suits as they desperately tried to make a profit from the Japanese Prime Minister’s crazy economics; the seemingly even greater amount of ladies chasing the image of pristine prettiness; and then, the weirdoes. And there were more than just a few.

Now, there is something abstractly attractive about a lady/girl in cosplay - one could even argue, seductive. However, there ain’t nothing alluring about seeing grown men dressed as animals, and taking the whole role-play thing a little too seriously. Teenage boys can be forgiven such behaviour as they seek a mate, and thus show any prospective partner just how progressive they are within Japan’s constricting culture, but not chaps with beer bellies that a Sumo wrestler would be proud of, hairy arms that could belong to a bear, and maybe even the odd Yakuza tattoo hidden from view.

Sure, I understand that the economy within Japan is not being kind to anyone at the moment – although with the prices in the shops, it’s hardly surprising that there is a slump in real retail (unbeknown to my wife, I opted not to purchase that designer scarf at a price nearing my airfare to get back home (although one will never know which she may have preferred to receive)) – but when a middle-aged man dresses as a yellow cat, with velvet ears and claw cloves to match, you ‘godda’ ask yourself if he has reached the edge… through either ruin within Japan’s ailing economy, or too many drinks with clients before passing out on a train. Of course, he may well have been one of the many ‘unrecognised’ that have been affected from the Fukushima fallout, but there was no glow emanating out from him – other than an aura of wackiness.

Meowing at other young nutcases that where predominantly of the female variety, and feigning a paw swipe that in most cases elicited a response of demur giggles - oh how I hate the weakness in this ostensibly contrived subservience – this pussy seemed to gain confidence in his ability to lift the mood of those that he accosted. So much so that he repeated his actions. This only served to make the giggles sound more awkward – perhaps worried - and eventually, he was told to kuso kurae (I’m told that means f**k off). A response that I thought was also what the Japanese that I was talking to whilst working in Japan, presented to their puppets in official office every few days, when these so-called leaders attempted to lift the mood of the public.

And I can understand why there is such a public reply, as the Japanese Government vainly attempts to push out good news backed up with little substance. For, you see, the place seems dead – economically, that is, when compared to the past. I mean, stagflation has eaten so far into the ‘traditional’ lifestyles of the Japanese, that the aspirations of work, reward and comfortable retirement for the past 60 years, are taking a nose-dive quicker than a kamikaze… with many of the fresh recruits to slaughter not even bothering to turn up for selection any more, whilst the Japanese Prime Minister, Shinzo Abe, talks about shooting his “third arrow” of reform in order to punch some life into the Japanese economy.

Pff, I always took any arrow analogy to mean the death of its target; and maybe this is the twisted code that should be gleaned from his comments. Either that, or that he may be firing a blank… although he seems to think that the Japanese Government has “revved up” the return of prosperity to the Japanese.

Maybe, but what I saw was a population reeling from bad governance, and corporate melt-down as other Asian countries present cheaper workforces and production facilities that, if not enticing the Japanese multinationals to up sticks and relocate to these other countries, are setting up their own businesses, and taking the Japanese head-on. A point not lost the younger population of Japan, and whom, by all accounts, feel betrayed by their elders, and thus do not want to pay for the upkeep of their elders; be this through taking a low salary so that the more senior can enjoy their existing pay-packets; paying a higher tax rate in order to cover the costs of government bailing out the old-boy network; or doing the honourable thing and living in small boxes with little to eat, in order for their earnings to pay for the care of a burgeoning brigade of retirees.

Indeed, with the life choices for the young becoming so surreally restricting, is it any wonder that more and more of them choose to escape into fanaticism?
Replete with fluffy ears, tight pants, and an aversion to the old that, trying to ‘get down’ with the young by acting like nutcases, are perhaps indicative of how as the economy becomes worse and worse, so those that fall from the protection of the corporate sky, are becoming older and older.

From my view i would say longing UC is bad. I see 130 pips drop and dollar weakness ahead. EURUSD confirms it as friday end rally up is now defenetly bullish setup so no point being bear on it anymore.
http://prntscr.com/3xbcnd

Some views.
http://prntscr.com/3xbcnd
http://prntscr.com/3xbe05
http://prntscr.com/3xbf4w
http://prntscr.com/3xbfe3
http://prntscr.com/3xbfxt

long time no see