EURUSD

Just to let you know: I am a big fan of "market memory" and how it fades sometimes

This # not as important as previous one and probably not going to mean much if the main driver is something bigger such as USD.

the data seems bad.... so you think usd is getting stronger ?

Market will have final say

Give it 12 more months and this thread will hit 1 million replies. That's the goal with all the non-sense, isn't it?
I would consider starting to refocus, as markets are about to set the stage for a massive 2015 (volatility returns)
Hold onto the VIX longs, 200-400% return incoming (might take a few years)

I will put my money on the first part of your statement. That is going to happen sooner than later.

I think even rest of 2014 will be interesting when it comes to volatility.

But if someone is of the view it is going to bounce up, my advice would be, don't trust this market beyond what you can afford to lose. I am long on GBP, but I know it ccould go a 1,000 pips down before making another attempt at 1.7200

That's true. Doubt that far, but I'll start buying soon. 1.58 before 1.70 would be remarkable.
I guess you are just playing it ultra-conservative.

If 1.67 holds (I think it will), it will surely go for 1.70 before going for 1.60.
However EU has more potential than GU as is indicated by EG.
That's why my biggest position is EG long, keep the dollar out of it.
EA is also good.

Long in all 4 of the below pairs, with limits waiting on GU 6750s, 6700s.

Curious.. I've only been watching the markets for 2-3 years now, but I have noticed that volatility does seem to be relatively stable throughout the year, and more so month to month. If I remember correctly, the first part of 2013 was quite explosive, and eventually slowing down and continuing to do so up until now.
What makes you say volatility will start to return next year? Is it just that volatility is at historic (i'm assuming at least) lows? Or is it outside factors?

That is confusing. Because there is a King in your avatar

I was about to watch "Owning Mahowny" but I'm glad I didn't.
*Popcorns + EURUSD Thread = Perfect Match*

I will add to my account this week and try to do a 120% before the end of the year

try 520, sounds better

That can not be possible even in 2 years

934 pips from current level of 1.68181

The weekends are so boring when you did well during the week. : - )

the boredom shall remind you that spending the hard earned money is fun

I wont quit my day job yet! Got a long way to go. Just got to remember that I'm playing against myself ....

Have any of you ever seen this????

It is hard to follow.. But I do see some good information.

Strategically important moments of the trading day
UTC/GMT; DST (Winter time)
Sunday 21:00 (22:00) - Opening of the Traderollback after Friday; it is better to watch the terminal closely
21:00 DST (22:00) - opening of the trading session in Wellington (New Zealand) nothing happens, the trading is slack.
23:00 DST (24:00) - opening of the trading session in Sydney, the trade becomes more brisk in anticipation of Tokyo trading session opening in an hour.
Before Tokyo freely two transactions may be made (to both sides; with profit of 5-10 pips)
24:00 - Tokyo trading session opening, trade surges. It is worth to take into account corporate relations between Asian investors. If you see one going one or another direction - the others would follow his direction all at once.
01:00 - Singapore session opening; the trade surges in anticipation of openings of two big stocks in Shanghai and Hong Kong. Right before the Chinese session Euro usually declines until the opening of Shanghai and Hong Kong.
01:00 - 01:30 - Euro declines until Chinese Session, but there can be exceptions from time to time. Be careful.
01:30 - opening of the Shanghai and the Hong Kong Sessions. There usually begins large-scale trade in the whole Asian-pacific region
A word about China
(Shanghai and Hong Kong working hours clash)
A structure of Chinese export is such that most part of articles is paid in dollars, so it is logical to suppose that China has no need in additional dollars. That is why there is usually EUR/USD growing during the Chinese session.
China is one of the countries that possesses the largest gold and currency reserves on the planet. If China was going to sell some part of its dollars, there would be enough panic for Euro to grow up. In addition, China is the biggest lender of the United States.
It seems that it would be unprofitable for China to get rid of the dollar and threats to diversify foreign exchange reserves are mostly speculative.
Pay attention to China and its actions.
If Chinese are buying the dollar - the whole day will be like a casino.
01:30 - 02:30 - euro usually grows during this hour
02:30 - 06:00 - transactions may be in different directions on the EURUSD; Asian exporters convert part of their profits both in dollars and Euros
06:00 - closing of the Tokyo Session; if Euro had been actively sinking till this moment, then after closing of the Tokyo Chinese will drive Euro up.
06:00 - 07:00 - figuratively speaking is "Chinese hour" on market; Chinese and Singapore take matters into their hands. Euro usually grows.
Asia is enormous commercial and industrial region with abundance of inexpensive high quality goods and gigantic circulation of finances. There are, respectively, many transactions on stock exchanges, so you should monitor transactions and exchange rates at the opening of LONDON Session after the trade ends in the Asian region
07:00 DST (08:00) – opening of the London and other European Stock Exchanges. Observations reveal that sales of Euro usually dominate within the first hours of trade.
09:00 - Singapore and Asian Session closing. Almost immediately or within an hour is spurt of Euro or change of trend (usually) till 11:30; no one bothers Europeans.
10:00 - 10:30 - is often a change of trend in the European session;
11:00 - 13:00 - completion of the trade cycle in oil trading floors of Dubai, Qatar, Emirates and etc.; it seems that they, too, have no need in dollars since the oil trading is in dollars. So, mostly Euro grows up;
Worth of noting are the ast hours of trading floors in the Middle East. It is an oil region, exchanges don't work for long, but volumes are not small, with plenty of petrodollars; it can be assumed that they had no reason to buy dollars.
13:00 - 13:30 DST (14:00 - 14:30) - it is time to close all unsafe positions in anticipation of the upcoming American outrage or to set block to prevent loss of your money. Euro usually sinks before American Session.
Within 13:00 and 13:30 DST UTC/GMT (14:00 and 14:30) are confusion and Fuss before the opening of three major stock exchanges - New-York's, Toronto's and Chicago's. It is time to safeguard your positions!
13:30 DST (14:30) - opening of U.S. and Canada stock exchanges; European session is still opened. At this time comes the large-scale, hard-predictable trade. Don’t try to treat news; pure speculation; trends are formed quickly;
13:30 DST (14:30) - U.S. is leading during these hours. It is impossible to predict the direction of trend. The trend which had formed close to the closing of London, Zurich and Frankfurt often changes to the opposite direction.
15:30 DST (16:30) - Closing of the European Session. It is often that the Euro trend rapidly changes.
19:00 - 20:00 DST (20:00 - 21:00) - Last working hour of U.S. Session. Former trend often resumes till 20:00 - 20:30 DST (21:00 - 21:30);
The first and the last working hours of almost every exchange are surge in activity time of institutional clients with a lot of money and of very large funds. But this surge doesn't mean that they do nothing within the session. They analyze the situation. Transactions occur within these first and the last hours. This allows to predict price movements at the opening and closing of major stock exchanges.
Make transactions before exchanges' opening (just before 1 - 2 min)
Within the first night hours (UTC) there is usually a rollback on EUR/USD (the pair goes down) almoast untill the opening of Tokyo.
On Friday occurs mass hit of stop-losses.
Friday 21:00 GMT / UTC - closing of the trade