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  • #20,021
  • Oct 15, 2014 9:25am Oct 15, 2014 9:25am
Quoting jaylovin
{quote} euro has a date with 2727... support below is 2674... i dont know whats going on but 2572 is my long should it reach...
Nice for you guys, but well even if my analysis was correct i got -30 pip SL. Well done to all who made money today.
  • #20,022
  • Oct 15, 2014 9:43am Oct 15, 2014 9:43am
T@rantula hOW ARE YOU ..?
And how are you all others which are reading my question?
I have question that why this heppen....i realy much dissapointed due to this heppening in forex EURUSD.
PLz T@rantula tell me...
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  • #20,023
  • Oct 15, 2014 10:04am Oct 15, 2014 10:04am
Quoting jaylovin
{quote} euro has a date with 2727... support below is 2674... i dont know whats going on but 2572 is my long should it reach...
I am looking for 2585.. waiting for soooooooo long.
  • #20,024
  • Oct 15, 2014 10:09am Oct 15, 2014 10:09am
Quoting kalyan
{quote} I am looking for 2585.. waiting for soooooooo long.

it may not happen we are this high up now... we might just keep trickling up as supports are in place... 2727, 2670 and the historically tough 2640 where we shot up from... below that 2620 so i not holding my breath... if it comes i will take it
  • #20,025
  • Oct 15, 2014 10:34am Oct 15, 2014 10:34am
Quoting jaylovin
{quote} it may not happen we are this high up now... we might just keep trickling up as supports are in place... 2727, 2670 and the historically tough 2640 where we shot up from... below that 2620 so i not holding my breath... if it comes i will take it
May be true..But I see 2640 is really tough. I dnt know if it breaks. If breaks I look for at least 2605. Overall I am still bearish on EU
  • #20,026
  • Oct 16, 2014 2:13am Oct 16, 2014 2:13am
Quoting kalyan
{quote} I am looking for 2585.. waiting for soooooooo long.
Dont think it will happen soon.

Quoting our4link
T@rantula hOW ARE YOU ..? And how are you all others which are reading my question? I have question that why this heppen....i realy much dissapointed due to this heppening in forex EURUSD. PLz T@rantula tell me... {image}
What is the question about?

Quoting jaylovin
{quote} it may not happen we are this high up now... we might just keep trickling up as supports are in place... 2727, 2670 and the historically tough 2640 where we shot up from... below that 2620 so i not holding my breath... if it comes i will take it
Yes, there are a lot of important supports. Would like to see 2750 retest first.
  • #20,027
  • Oct 16, 2014 3:04am Oct 16, 2014 3:04am
EURUSD has broken through congestion zone yesterday and driven by USD weakness has made some unexpected moves. EUR has completely negated all of bad data from EU and has focused on USD weakness. From a technical standpoint we can see a potential pullback to 2755-50 zone where we see a multiple confluence of L3, 50.0 fib , round number and congestion support. That is where we might place a long trade targeting 2915.

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  • #20,028
  • Edited Oct 17, 2014 3:47am Oct 16, 2014 4:03am | Edited Oct 17, 2014 3:47am
Quoting kalyan
I dint enter. But I think if this is a false break 2766 should be resistance. If not there is a next move 2900-10.
Quoting T@rantula
Dont think it will happen soon.
Quoting T@rantula
EURUSD has broken through congestion zone yesterday and driven by USD weakness has made some unexpected moves. EUR has completely negated all of bad data from EU and has focused on USD weakness. From a technical standpoint we can see a potential pullback to 2755-50 zone where we see a multiple confluence of L3, 50.0 fib , round number and congestion support. That is where we might place a long trade targeting 2915. {image}
Some how not at all interested to see this.. But that's market.
  • #20,029
  • Oct 16, 2014 4:21am Oct 16, 2014 4:21am
Quoting T@rantula
EURUSD has broken through congestion zone yesterday and driven by USD weakness has made some unexpected moves. EUR has completely negated all of bad data from EU and has focused on USD weakness. From a technical standpoint we can see a potential pullback to 2755-50 zone where we see a multiple confluence of L3, 50.0 fib , round number and congestion support. That is where we might place a long trade targeting 2915. {image}
Do you think Unemployment new has also some impact? if yes whats your opinion?
  • #20,030
  • Oct 16, 2014 5:18am Oct 16, 2014 5:18am
Today trade
I decided to post 10 live trade
trade 1 posted early today
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  • #20,031
  • Oct 16, 2014 5:22am Oct 16, 2014 5:22am
Quoting xetrader
{quote} Do you think Unemployment new has also some impact? if yes whats your opinion?
The move wasn't caused just by Unemployment impact. It was Stop Grabbing. Clear stop grabbing as the vast majority of traders were short. Once the price spiked thru 2800, shorts start to cover, closing their positions. Each close of the sell position is an automatic buy into the market. So the price went further up. Adding to covering, all stops above 2800 were collected.
  • #20,032
  • Oct 16, 2014 5:57am Oct 16, 2014 5:57am
Quoting T@rantula
{quote} The move wasn't caused just by Unemployment impact. It was Stop Grabbing. Clear stop grabbing as the vast majority of traders were short. Once the price spiked thru 2800, shorts start to cover, closing their positions. Each close of the sell position is an automatic buy into the market. So the price went further up. Adding to covering, all stops above 2800 were collected.
Thanks
  • #20,033
  • Oct 16, 2014 6:07am Oct 16, 2014 6:07am
Quoting T@rantula
{quote} The move wasn't caused just by Unemployment impact. It was Stop Grabbing. Clear stop grabbing as the vast majority of traders were short. Once the price spiked thru 2800, shorts start to cover, closing their positions. Each close of the sell position is an automatic buy into the market. So the price went further up. Adding to covering, all stops above 2800 were collected.
I am worried about these... what will happen today? i m long AU NU and GU heavily just because i see daily candles and now i m stuck..
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  • #20,034
  • Oct 16, 2014 6:11am Oct 16, 2014 6:11am
I hope USDJYP BUY @ 105.18
Because at this point it tich FIB 61.8 level.
so let see what heppens..............
  • #20,035
  • Oct 16, 2014 6:17am Oct 16, 2014 6:17am
Quoting xetrader
{quote} I am worried about these... what will happen today? i m long AU NU and GU heavily just because i see daily candles and now i m stuck.. {image}
How big is your risk? Please explain everything to me so i can advise. Tell me your entries, level, risk and SL.
  • #20,036
  • Oct 16, 2014 6:18am Oct 16, 2014 6:18am
Quoting xetrader
{quote} I am worried about these... what will happen today? i m long AU NU and GU heavily just because i see daily candles and now i m stuck.. {image}
As I mentioned I would like to see 2670.. It may happen or go up from here. If it breaks 2670 it could head to 1.26..wherever you bought from it was not the right place after such a spike high. But good luck I hope you manage you're trades well
  • #20,037
  • Oct 16, 2014 6:21am Oct 16, 2014 6:21am
Quoting T@rantula
{quote} How big is your risk? Please explain everything to me so i can advise. Tell me your entries, level, risk and SL.
GU long @ 1.6193x lot 0.50...
NU long @ 0.7928x lot 0.30
AU long @ 0.8791x lot 0.50
  • #20,038
  • Oct 16, 2014 6:37am Oct 16, 2014 6:37am
Quoting jaylovin
{quote} As I mentioned I would like to see 2670.. It may happen or go up from here. If it breaks 2670 it could head to 1.26..wherever you bought from it was not the right place after such a spike high. But good luck I hope you manage you're trades well
2740 the Key close under it open the way to more move to down
  • #20,039
  • Oct 16, 2014 6:37am Oct 16, 2014 6:37am
Quoting xetrader
{quote} GU long @ 1.6193x lot 0.50... NU long @ 0.7928x lot 0.30 AU long @ 0.8791x lot 0.50
You didnt tell me your risk. But assuming you are trading 10000 USD account:

Cable: -210 pips DD : - 1010 USD DD
Kiwi: -18 pips DD: -30 USD DD
Aussie: -80 pips DD : - 400 USD

Current DD: 1450 USD thats 14,5 % loss. It doesnt look good but It is still manageable, but you definitely have to learn a few basic things.

1.Entries are based on your risk that is HOW MUCH YOU ARE WILLING TO LOSE>- not how much you are willing to gain. So you always base your SL to your risk. If the SL is 50 pips and risk is 0.5 % per trade, that 50 pip SL needs to fit in 0.5 % risk per trade, and that is when you calculate your volume traded ( initial lot size for entry ).Same for any other SL be it 10 pips or 30 pips or 100 pips, the risk you are willing to take should be fixed.
2.You obviously trade without a SL and now you are sweating cold and praying that the price will reverse..
3. You are sucked into a spiral of doom

Now pls, before you take any trades...how can I advise you if you dont know the basics..I have been holding a lot webinars , also on FXstreet. You need first to work on your psychology then on trading. Please listen to my webinar about Spiral of DOom and how to avoid it, first.

Couple of days ago you asked me about GU. I told you it was bearish , but you are still clinging onto your longs. You cannot base your entries just on candlesticks. Now you need to calculate your psychological stop ( as you dont use technical stop obviously ) and take a loss if necessary.
  • #20,040
  • Oct 16, 2014 6:41am Oct 16, 2014 6:41am
Quoting egkid
{quote} 2740 the Key close under it open the way to more move to down
Still looks bullish although stop grabbing happened again. The market is probably waiting for USA results in 1h. If it hits below 2720 again, it might proceed to 2670.
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