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EURUSD

  • #982,101
  • Apr 16, 2015 4:06pm Apr 16, 2015 4:06pm
Quoting navk
{quote} Great outlook.
Quoting Ken A
{quote} Spot on {image}
Thanks
  • #982,102
  • Apr 16, 2015 4:10pm Apr 16, 2015 4:10pm
Quoting dreamt1me
{quote} I have: Long at 1.07355 S/L - 1.07072 Price atm: 1.07588
Still holding this trade, only SL is at BE.
  • #982,103
  • Apr 16, 2015 4:15pm Apr 16, 2015 4:15pm
Quoting navk
{quote} Being Friday it could be range bound day. If it wants to correct, then Asia will be bullish like yesterday then correct all the way in London and NY. But I think it may have still some juice in it. Retest of NY high in Asia/ London is not ruled out. I will have exact levels around 7 pm EST.
could be some positioning with greece eventual exit over weekend. just watch when they start printing their own currency. then start doing well, of course after the cancel of foreign mortgage defaults. a cheap currency luring tourist and lower shipping rates. with spain and the other pigs watching.. and the bag holding north with jaws dropped
those who can, do. those who cant, talk about those who can
  • #982,104
  • Apr 16, 2015 4:16pm Apr 16, 2015 4:16pm
The EURUSD still looks very bearish and it just hit previous support area which is now should act as a strong resistance. Overall I’d expect it to drop to 1.0434 by 23th of April
http://i57.tinypic.com/fk0h82.png
  • #982,105
  • Apr 16, 2015 4:19pm Apr 16, 2015 4:19pm
Quoting dreamt1me
{quote} Still holding this trade, only SL is at BE.
Bro, since it's on positive, why not put SL at pips++, at least if it turns and trigger your SL, you still can buy yourself some beer.
The only winner is the one who survive the longest...
  • #982,106
  • Apr 16, 2015 4:28pm Apr 16, 2015 4:28pm
Quoting kinspk
{quote} Bro, since it's on positive, why not put SL at pips++, at least if it turns and trigger your SL, you still can buy yourself some beer.

Thanks for suggestion, but i will not change anything.

Sleep time, will be back in 3~ hours to check position.
  • #982,107
  • Apr 16, 2015 4:57pm Apr 16, 2015 4:57pm
If history repeats itself, then the market behavior before the NFP will be coppied tomorrow. The price will Hoover around 750 or 850 just before the cpi news, and if it miss expectation then we will see one spike to 1.1, then very little movement to the end of the day. Similar to NFP, no trader could catch the movement after the release. Unless anyone wants to gamble before the news, no chance for real trader to earn money tomorrow.
  • #982,108
  • Apr 16, 2015 5:06pm Apr 16, 2015 5:06pm
Quoting TataFara
If history repeats itself, then the market behavior before the NFP will be coppied tomorrow. The price will Hoover around 750 or 850 just before the cpi news, and if it miss expectation then we will see one spike to 1.1, then very little movement to the end of the day. Similar to NFP, no trader could catch the movement after the release. Unless anyone wants to gamble before the news, no chance for real trader to earn money tomorrow.
those who can, do. those who cant, talk about those who can
  • #982,109
  • Apr 16, 2015 5:31pm Apr 16, 2015 5:31pm
Quoting TataFara
If history repeats itself, then the market behavior before the NFP will be copied tomorrow. The price will Hoover around 750 or 850 just before the cpi news, and if it miss expectation then we will see one spike to 1.1, then very little movement to the end of the day. Similar to NFP, no trader could catch the movement after the release. Unless anyone wants to gamble before the news, no chance for real trader to earn money tomorrow.

That is beyond false I can't believe you state this. I dont scalp but we all know after news releases if it's major we have that reactionary spike, then it comes back to say 618-786 retrace within that spike where you could get long or short for the remainder of the day. Now if you just set tight SL below these paticular levels you will MAKE SERIOUS MONEY

Perfect example was April 3 when we had non farm payrolls. The release saw worse better than expected numbers and dollar had a flash move lower that day. So if you missed the inital spike in EURfut or even EUR/USD you could of still made money and heres how.

1. let the spike happen and don't be caught up trying to catch it as you will get a terrible fill at a price that is far away then what you wanted.
2. spikes ALWAYS come down from a news even even if its just a little say 886%,786%,or 50% although the last one I would be concerned about as this could cause a false news spike move back down to original price. That is why the important 786%-618% are key to hold for a continuation in the spike price upward/downward

3. let it come down and then let it bounce off 618 or 786 on ticks then get long and set your stop loss right below the 786 (for this example) and you R:r is decent for end of day continuation movement


So per this chart below this was the NFP number and sequential spike in EURfut
It came down as the algos took profit and ppl that got in earlier whenever that may be going flat
THIS IS 5MIN BARS BY THE WAY
So you see that if comes down to violate 786% at 5:35 (5min after release)
then at 5:40 it come back up to breach 786 where you immediately have a pending buy right say 3-5 ticks above 786 (1.0983) and set your stop say 3-5 ticks below 786 (1.0978)

Then as you see it holds and continues higher and its up to the trader type if they want to ride it to the release spike high or see what price action does throughout the day to determine exit.

Just on futures alone if you had this trade say you went long just 1 contract for intra day margin around $500-600 depending on broker and you're getting 12.50 a tick
ENTRY:1.0986
STOP LOSS 1.0978 ( Risk $100 ex commission 12,50 * 8 ticks)
EXIT at say 1.1020 (reward $425 ex commission 12.50*34)
so that is a great RR for a day trader. Now add 10 contracts to that and say you cant make serious money in this play.

Or, just to simplify you could find better entry spots before the news event like several hours early in London and just adjust your stop to BREAK EVEN + 1.2.3.4 ect and whatever happens in the news event you should care less.

Serious money can be made tomorrow and is consistently made just trading news events for those who have an edge in trading them.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-16-TOS_CHARTS.pngEURSCALP.png Size: 57 KB
  • #982,110
  • Apr 16, 2015 5:36pm Apr 16, 2015 5:36pm
Quoting gatorinla
{quote} tam fam... i am the driver
As said...to you and yours.

Drive safe.

(<--T)

  • #982,111
  • Apr 16, 2015 5:49pm Apr 16, 2015 5:49pm
Quoting gatorinla
{quote} u have to understand my trade was taken near optimal level 1.1018. dilemma is based on that trade. we atm are in expected noise.. a frog in a blender. in this area all i can do is watch closes and what level the close was below or above and tf.. atm we still have a month, 1/4 and a year bearish to me. on the week it tried to b/o at the dt and failed. since yesterday last weeks 710 and 740 were tested,, atm we are below them.. have yet to beat them and test 0765 or 0775.. atm in the st still has lt 0693 as R.. and st bear ( black boxes) waiting...
Got ya, nice analogy, a frog in a blender
  • #982,112
  • Apr 16, 2015 5:50pm Apr 16, 2015 5:50pm
Quoting gatorinla
some roll slip bear side {image}
The quick bounce though, I think confirms we are just above supply level - even after end of US market. Market sentiment for this pair trends strongly north, short to midterm, I think.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #982,113
  • Apr 16, 2015 6:00pm Apr 16, 2015 6:00pm
Quoting EventHorizon
{quote} Well done. And well said.
Thx, I get confused with all these charts that have lines connecting tops and bottoms of candles with no real justification, he explained his methodology, which is fine, but u see tons of them here and u don't follow what the heck they're talkin' about, I ask myself, am I retarded or something ? I seem to be pulling in a lot of good profit but I fail to fathom if this is an hourly or a daily or what the heck they want to say, up or down or what so I do my own studies relying on my own FIBOs and PP, I take into account R/S levels and avoid daily or weekly, a piece of news out and u can get a 100 pip in the wrong direction which stops u out then it bounces back, so I try to avoid these swings and prophecies like this :

Last week cable broke the resistance R3 on its way up and hit the FIBO 73% or whatever but it is oversold so I predict next week it will retrace to S3 of the week before last since we don't count last week with US data out etc etc. At the end, I do not play God here, I am in it for the fast and furious profit, so I avoid daily or weekly.

Take care
  • #982,114
  • Apr 16, 2015 6:08pm Apr 16, 2015 6:08pm
Quoting TataFara
If history repeats itself, then the market behavior before the NFP will be coppied tomorrow. The price will Hoover around 750 or 850 just before the cpi news, and if it miss expectation then we will see one spike to 1.1, then very little movement to the end of the day. Similar to NFP, no trader could catch the movement after the release. Unless anyone wants to gamble before the news, no chance for real trader to earn money tomorrow.
Welp, there you have it. See you guys Monday.
Attached Image
  • #982,115
  • Apr 16, 2015 6:13pm Apr 16, 2015 6:13pm
Greek Finance Minister Says European Bankers Pushing Nation Toward Default
Posted: 04/16/2015 4:48 pm EDT Updated: 7 minutes ago
http://www.huffingtonpost.com/2015/0...n_7080626.html
  • #982,116
  • Apr 16, 2015 6:16pm Apr 16, 2015 6:16pm
Friday
If you are new to Forex? Say Goodbye to your account!!
  • #982,117
  • Apr 16, 2015 6:26pm Apr 16, 2015 6:26pm
Quoting gettoefl
{quote} nice buddy
now 50% re-tracement to about somewhere near .074 ???

that should be right maybe?

fugazi !!!!!
Back from the dead * ding fries are done *
  • #982,118
  • Apr 16, 2015 6:43pm Apr 16, 2015 6:43pm
Quoting Pharm0r
{quote} Welp, there you have it. See you guys Monday. {image}
Shirt should be red...
Name should be Tiger...

...bitches should be plentiful...
...THEN MOFU may wear another GREEN jacket!

Just sayin. Bitches be playin.

I ain'r snitchin...but cut yer bit$%$...


  • #982,119
  • Apr 16, 2015 7:07pm Apr 16, 2015 7:07pm
Quoting kenfen69
{quote} Shirt should be red... Name should be Tiger... ...bitches should be plentiful... ...THEN MOFU may wear another GREEN jacket! Just sayin. Bitches be playin. I ain'r snitchin...but cut yer bit$%$...
You need one more drink
The Thief of Wall Street
  • #982,120
  • Apr 16, 2015 7:15pm Apr 16, 2015 7:15pm
Quoting Chicky
{quote} You need one more drink
And you...

Two more wives!

And 731 days of life. But whose counting?

0anda?
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