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EURUSD

  • #982,661
  • Apr 19, 2015 1:46pm Apr 19, 2015 1:46pm
Quoting navk
{quote} To me forecasting does not work. Daily flow with levels work. Whenever I forecast and place trades in advance, I fail.
you correct level by level forecast is the best way to trade fx than predicting long term based on emotions and getting burnt always.
  • #982,662
  • Apr 19, 2015 1:59pm Apr 19, 2015 1:59pm
Gap up 1.0823
  • #982,663
  • Apr 19, 2015 2:05pm Apr 19, 2015 2:05pm
a bounce at current levels would be very very nice, so nice it won't happen, not even if greece defaults
  • #982,664
  • Apr 19, 2015 2:07pm Apr 19, 2015 2:07pm
Quoting palinco
{quote} you correct level by level forecast is the best way to trade fx than predicting long term based on emotions and getting burnt always.
Short term is a chance, or max little reward. You could be wrong in long-term/swing trade or a spike can take away all your profit made over several months probably years .................... but if you are right for a couple of times on longer term, you are through.
The Thief of Wall Street
  • #982,665
  • Apr 19, 2015 2:08pm Apr 19, 2015 2:08pm
1.0816 according to RTRS atm
  • #982,666
  • Apr 19, 2015 2:17pm Apr 19, 2015 2:17pm
E/A looking to try and gap down 50 pips or so at the moment....woohooo for me!!!
Don't trade the noise
  • #982,667
  • Apr 19, 2015 2:17pm Apr 19, 2015 2:17pm
Quoting TTFXHammer
E/A looking to try and gap down 50 pips or so at the moment....woohooo for me!!!
Where do you get this information?
  • #982,668
  • Apr 19, 2015 2:22pm Apr 19, 2015 2:22pm
Quoting Forexpcb
{quote} Where do you get this information?
XE
Don't trade the noise
  • #982,669
  • Apr 19, 2015 2:24pm Apr 19, 2015 2:24pm
Quoting TTFXHammer
{quote} XE
Thanks.
  • #982,670
  • Apr 19, 2015 2:36pm Apr 19, 2015 2:36pm
Quoting Chicky
{quote} Short term is a chance, or max little reward. You could be wrong in long-term/swing trade or a spike can take away all your profit made over several months probably years .................... but if you are right for a couple of times on longer term, you are through.
But seems the risk is higher than the gain with long term?
  • #982,671
  • Apr 19, 2015 2:42pm Apr 19, 2015 2:42pm
laughing at everyone longing..keep longing folks..
YOUR MOTHERS ASS
  • #982,672
  • Apr 19, 2015 2:44pm Apr 19, 2015 2:44pm
Quoting palinco
{quote} But seems the risk is higher than the gain with long term?
Very little risk. Try to mold a strategy that goes with longer term bias or use your current short term strategy in longer term perspective.

It is NOT like you take a trade on long term and wait for years to know if you made 10% profit or 1% loss. Think how you can benefit from longer term forecast.

All top forex traders of current times made money because they were right in long-term ............... only once.
The Thief of Wall Street
  • #982,673
  • Apr 19, 2015 3:05pm Apr 19, 2015 3:05pm
So many holding positions into the weekend in this environment? Nice
  • #982,674
  • Apr 19, 2015 3:10pm Apr 19, 2015 3:10pm
APR 19 7:41PM BY ERIC BURROUGHS

  1. AUD/USD catches inevitable bid on China bank RRR cuts, loses some steam
  2. AUD/USD +0.6% but off early high of 0.7844 touched before Sydney open
  3. EUR/USD stronger after Draghi says "pointless" to short EUR [ID:nIFR432yNg]
  4. EUR/USD hits high of 1.0825 then settles just below there
  5. EUR/USD resistance 1.0839/49: 61.8% Fibo of April high/low & Friday high
  6. AUD/USD retests 0.7843 Friday high & 76.4% Fibo of March/April high/low


BUZZ-DRAGHI 'POINTLESS TO SHORT EUR' REMARK MAY IMPACT EARLY
APR 19 6:31PM BY ERIC BURROUGHS

  1. Draghi at IMF press conference: "pointless" to short EUR [ID:nL2N0XF0CZ]
  2. Catches attention, but remark made in context of EUR irreversibility
  3. Meant to echo comments Draghi made in 2012 (ECB spokesman confirmed to Buzz)
  4. Not statement about current EUR spec positions, still near all-time highs
  5. Still may be spark for further EUR gains/short-covering in early APAC trade
  6. Excerpts from WSJ/Reuters

  • #982,675
  • Apr 19, 2015 3:25pm Apr 19, 2015 3:25pm
small gap up
Attached Image (click to enlarge)
Click to Enlarge Name: gapu.JPG Size: 59 KB
follow the flow
  • #982,676
  • Apr 19, 2015 3:43pm Apr 19, 2015 3:43pm
Quoting plotinus82
APR 19 7:41PM BY ERIC BURROUGHS AUD/USD catches inevitable bid on China bank RRR cuts, loses some steam AUD/USD +0.6% but off early high of 0.7844 touched before Sydney open EUR/USD stronger after Draghi says "pointless" to short EUR [ID:nIFR432yNg] EUR/USD hits high of 1.0825 then settles just below there EUR/USD resistance 1.0839/49: 61.8% Fibo of April high/low & Friday high AUD/USD retests 0.7843 Friday high & 76.4% Fibo of March/April high/low BUZZ-DRAGHI 'POINTLESS...
There is really no point in shorting euro .................... trust me. But hold your shorts for a BE if you are already in.
The Thief of Wall Street
  • #982,677
  • Apr 19, 2015 3:50pm Apr 19, 2015 3:50pm
What BE stands for?
  • #982,678
  • Apr 19, 2015 3:50pm Apr 19, 2015 3:50pm
Hello,

I'm Ying from Hong Kong and I am new to this Forum, i had been traded more than 1 year. I am looking for friends or fellow traders in my trading journey. I got a lost trade back there but as the time pass i manage some strategies and studied indicators and trying to start again.

I traded mostly in the Euro Session on a 1 hr TF, because it is the right time the for more interactive trade between the Euro Zone and Asia as US session is waiting. Feel free to message me anytime and also i would like to message anyone, and give my advise in some of my trading plan.

Regards,

Ying
  • #982,679
  • Apr 19, 2015 3:52pm Apr 19, 2015 3:52pm
Quoting aRahman86
{quote} I agree, no one should watch weekly or daily charts if they don't hold trades months or weeks.


  • #982,680
  • Apr 19, 2015 4:03pm Apr 19, 2015 4:03pm
Europe needs to kick some of the European countries out of Euro and introduce ELira, a new currency for these countries, also managed by EU. The plan should be to keep Euro as high as possible and ELira dirt cheap. All exporting/tourist European countries should have ELira as their currency and all importing EU Countries should have Euro as their currency.

Mario! are you reading this? I am trying to save your job.
The Thief of Wall Street
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