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  • #944,161
  • Dec 16, 2014 11:03am Dec 16, 2014 11:03am
Quoting Tsudo
{quote} I'm with you...not quite sure where this is going... Maybe? {image} Maybe? {image}
It's the second chart I'm scared of...

I'm starting to think if I get anywhere near my breakeven I'll probably pull the plug and take a 5% loss and cry myself to sleep for a week, have a good Christmas and come back in January lol
  • #944,162
  • Dec 16, 2014 11:08am Dec 16, 2014 11:08am
Though USD is falling but USDDOLLAR chart shows that it failed to break the fibo 23.6 level. Beware of shorting USD unless it clears that fibe 23.6 level
Attached Image (click to enlarge)
Click to Enlarge Name: USDOLLARH4.png Size: 100 KB
  • #944,163
  • Dec 16, 2014 11:13am Dec 16, 2014 11:13am
Quoting forexings
{quote} Yes if for only today. Good luck for single day weird technical lines. Dare to show us your lines?
Sorry, too many on different timframes/templates.

BTW I did a lot of trades, not aiming for a special direction, but I am prefering shorts. And yes, it can be done even in a strong upmove like today
  • #944,164
  • Dec 16, 2014 11:14am Dec 16, 2014 11:14am
1.2480 support holding , if so ... next 1.2530 ... and if strength continues 1.2570 too before FOMC
Attached Image (click to enlarge)
Click to Enlarge Name: 1EU.png Size: 8 KB
Hear the music before the song is over ...
  • #944,165
  • Dec 16, 2014 11:19am Dec 16, 2014 11:19am
Quoting GlobalMacro
1.2480 support holding , if so ... next 1.2530 ... and if strength continues 1.2570 too before FOMC {image}
You think FOMC will be hawkish and send the EURUSD back down?
  • #944,166
  • Dec 16, 2014 11:31am Dec 16, 2014 11:31am
Quoting GlobalMacro
1.2480 support holding , if so ... next 1.2530 ... and if strength continues 1.2570 too before FOMC {image}
How did you create that UTL? What's the base?
You cannot learn better without losing
  • #944,167
  • Dec 16, 2014 11:33am Dec 16, 2014 11:33am
Quoting zack.trader
{quote} You think FOMC will be hawkish and send the EURUSD back down?
Interest rate hold won;t be good for USD bull. What else hot yellen can say?
You cannot learn better without losing
  • #944,168
  • Dec 16, 2014 11:45am Dec 16, 2014 11:45am
Quoting zack.trader
{quote} You think FOMC will be hawkish and send the EURUSD back down?
Market's expecting one rate hike in 2015 , probably in Q4/15
Hear the music before the song is over ...
  • #944,169
  • Dec 16, 2014 11:49am Dec 16, 2014 11:49am
Today was a good day as soon as the price broke 1.2480. my position got target 50 pips in less than 30 minutes. now I will wait a break over 1.2575 which is a strong resistance or under 1.2420
  • #944,170
  • Dec 16, 2014 11:49am Dec 16, 2014 11:49am
Quoting YardiFX
oh pardon me.. there were two significant wicks before the fall to 22xx one was at 2533 the other was at 2500, these levels had to be hit again before the fall back to 2247, look at your chart...Over the last three months I have developed a very nice system that gives me an idea of what is happing... I cant say for sure which level will get hit first but I know they will get hit so for me I read fundamentals for fun...but the real story is those levels...I make dosh on the way up and down, I have no bias what so ever... {quote}
Would you mind describing your system? Also, what wicks for the above? Date/time on them if you don't mind.
  • #944,171
  • Dec 16, 2014 11:50am Dec 16, 2014 11:50am
Quoting forexings
{quote} Interest rate hold won;t be good for USD bull. What else hot yellen can say?
So I should hold onto my 20% Drawdown Short and hopefully break during FOMC?

Quoting GlobalMacro
{quote} Market's expecting one rate hike in 2015 , probably in Q4/15
I see. So you reckon probably best to hold onto my short..
  • #944,172
  • Dec 16, 2014 11:51am Dec 16, 2014 11:51am
Quoting forexings
{quote} How did you create that UTL? What's the base?
lower UTL 12/15 - 4pm (GMT) , upper UTL 12/16 - 7am (GMT)
Hear the music before the song is over ...
  • #944,173
  • Dec 16, 2014 11:54am Dec 16, 2014 11:54am
Quoting Pharm0r
RUB 78.40 down to 68. Looks like Russia has chosen to keep throwing money at the problem.
Russia taken back their ruble at half or less rate. Who won?
Liquidity providers maybe running out of ruble because some brokers disabled ruble trade. lol
You cannot learn better without losing
  • #944,174
  • Dec 16, 2014 11:59am Dec 16, 2014 11:59am
Quoting forexings
{quote} Interest rate hold won;t be good for USD bull. What else hot yellen can say?
so what you mean is the EU has an upper hand buying after tomorow's fomc ?
  • #944,175
  • Dec 16, 2014 11:59am Dec 16, 2014 11:59am
Quoting GlobalMacro
{quote} lower UTL 12/15 - 4pm (GMT) , upper UTL 12/16 - 7am (GMT)
I cannot understand you. What was the last two rejection point for creating upper trend line?
You cannot learn better without losing
  • #944,176
  • Dec 16, 2014 12:01pm Dec 16, 2014 12:01pm
Quoting noom0121
{quote} so what you mean is the EU has an upper hand buying after tomorow's fomc ?
There is a line around 2750 where some gangster waiting with ak47
So I'm not sure if it's advantage or disadvantage for bull
You cannot learn better without losing
  • #944,177
  • Dec 16, 2014 12:07pm Dec 16, 2014 12:07pm
Quoting zack.trader
{quote} So I should hold onto my 20% Drawdown Short and hopefully break during FOMC? {quote} I see. So you reckon probably best to hold onto my short..
You should never ever ever ever get into a 20% draw down ever again in your entire life.
  • #944,178
  • Dec 16, 2014 12:08pm Dec 16, 2014 12:08pm
Quoting Pharm0r
{quote} You should never ever ever ever get into a 20% draw down ever again in your entire life.
Yeah.

I'm a new trader only started out a few months ago so yeah....learn from your losses they say apparently.

I'm just glad its $2000 drawdown and not $10k.
  • #944,179
  • Dec 16, 2014 12:09pm Dec 16, 2014 12:09pm
Quoting forexings
{quote} I cannot understand you. What was the last two rejection point for creating upper trend line?
draw the trend line from the high of dec 11 - 12am (GMT) which comes in at 1.2495
to today's high at 1.2569
Hear the music before the song is over ...
  • #944,180
  • Dec 16, 2014 12:10pm Dec 16, 2014 12:10pm
Quoting GlobalMacro
{quote} draw the trend line from the high of dec 11 - 12am (GMT) which comes in at 1.2495 to today's high at 1.2569
On the hourly chart.
Hear the music before the song is over ...
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