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Attachments: EURUSD
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EURUSD

  • #998,801
  • Jun 8, 2015 7:08am Jun 8, 2015 7:08am
Looking at the structure on smaller TFs since Friday's bottom, it should accelerate soon to the upside...or make a new low (under Friday bottom).
f(z)=z2+c
  • #998,802
  • Jun 8, 2015 7:09am Jun 8, 2015 7:09am
Shorted 1167.
  • #998,803
  • Jun 8, 2015 7:10am Jun 8, 2015 7:10am
Quoting verified
{quote} the chart, the direction we trade is important, but what about our stops, what about when the trade goes wrong ? we don't talk about it, we are only focused on the entry. for this most here fight. if this could be discussed it would have been discussed for a long time already. but this you expect when you join ff, forgotten already ? best, verified
That's because we have different ways of trading, different risk. We can have the same entry, but scalpers will have tight stops while swingers a bigger one according to what your risk

I didn't expect people to tell me where they exit when joined the site though. It was more like a general view of a currency, either people are longs or short
COT: The precious data ignored
  • #998,804
  • Jun 8, 2015 7:13am Jun 8, 2015 7:13am
EUR USD-negation if waves 4 to 1 h, then play something else looking at h4
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4....444.gif Size: 177 KB
  • #998,805
  • Jun 8, 2015 7:13am Jun 8, 2015 7:13am
Quoting verified
{quote} the chart, the direction we trade is important, but what about our stops, what about when the trade goes wrong ? we don't talk about it, we are only focused on the entry. for this most here fight. if this could be discussed it would have been discussed for a long time already. but this you expect when you join ff, forgotten already ? best, verified

Very true. The exits makes the trader.

If people come to this forum to learn, they get the wrong impression. Exits are more important than entries...

Someone should open a thread about it. To emphasize the importance of it and different approaches to it. With different trading styles etc.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #998,806
  • Jun 8, 2015 7:14am Jun 8, 2015 7:14am
Quoting janpec1000
Shorted 1167.
Closed +9. 1170 still worth on weak retest.
  • #998,807
  • Jun 8, 2015 7:17am Jun 8, 2015 7:17am
Quoting kuroro001
{quote} Get used to it, EG is not so hard as it requires smaller SL than most pairs. The risk reward is always awesome. I've seen good opportunities to risk 5/7 pips and make a load I'd have more euros too, even though the fundie situation is not the best
Imo fundies are ok. Is just stupid Greece noise. Apart ECB clearly overshoot with QE and is pumping so much cash into those crooked banks some have to spill into private sector via lower interest rates. I have stated many times, that overdebted private sector doesnt care if he gets 4 or 5% on his loan, since is already drowning in debts, but unlike from governments, private sector actually deleveraged since 2008. They were actually saving...yes, mostly on employees (Btw, was a good bet from EU, as we have heavy US capital invested here, so savings in Europe were muted by FED QE). But now businessess are kinda ready to load cheap loans. If we take into account massive depreciation of Eur after QE+SNB peg combo, think is a heavy boost for whole south. Dont know what else they need to restart economy. I kinda belive it is gonna work. Is kicking the can ofc, as banks are still stuffed with bad underwater loans, but as long as charade continues, Europe is safe.

edit: Ok, 1,114 break. Moving stops whooping 10 pips up to 1,1085. Brutal savings.
"I know one thing, that I know nothing." Sokrates
  • #998,808
  • Jun 8, 2015 7:19am Jun 8, 2015 7:19am
Quoting janpec1000
Shorted 1167.
Mine hit stoploss
  • #998,809
  • Jun 8, 2015 7:20am Jun 8, 2015 7:20am
Okay no dip...lets go higher
COT: The precious data ignored
  • #998,810
  • Jun 8, 2015 7:21am Jun 8, 2015 7:21am
Quoting kuroro001
Okay no dip...lets go higher
gonna keep my shorts !
  • #998,811
  • Jun 8, 2015 7:24am Jun 8, 2015 7:24am
Quoting edyraper
{quote} gonna keep my shorts !
All the best to you
COT: The precious data ignored
  • #998,812
  • Jun 8, 2015 7:24am Jun 8, 2015 7:24am
After this news i closed my short with Euro

German Exports Rise Unexpectedly; Industrial Output Growth Beats Expectations
If you have poor psychology you will struggle
  • #998,813
  • Jun 8, 2015 7:25am Jun 8, 2015 7:25am
Todays close above 1.1200 After U.S opening
  • #998,814
  • Jun 8, 2015 7:27am Jun 8, 2015 7:27am
EUR recorded a second consequential reduction against the dollar on Friday. The session started at a price of 1.1237 and in the hours around noon it reached the highest level for the day at 1.1279. Later the price went down sharply, reaching levels around 1.1051. At the end of the day the euro finished at 1.1110 and if the downward trend continues, we can expect the first test of support at 1.0815.
  • #998,815
  • Jun 8, 2015 7:28am Jun 8, 2015 7:28am
play 4h on B
  • #998,816
  • Jun 8, 2015 7:28am Jun 8, 2015 7:28am
Quoting Dano12
EUR USD-negation if waves 4 to 1 h, then play something else looking at h4 {image}
That's better
  • #998,817
  • Jun 8, 2015 7:29am Jun 8, 2015 7:29am
Added to EURUSD shorts at 1.1185, my stops at 1.1215 and 1.1240
Twitter: @TrendersGame
  • #998,818
  • Jun 8, 2015 7:30am Jun 8, 2015 7:30am
Quoting dr.rackala
After this news i closed my short with Euro German Exports Rise Unexpectedly; Industrial Output Growth Beats Expectations http://www.rttnews.com/story.aspx?Id=2508942
what about thinking of why they exports rise ? any ? cheap euro ? do you think that they will let the EUR rise ? not sure . any possible move towards 1.20 will harm their eco data any time they feel this will make the pair drop blow 1.15 ! in mid-term teritory
  • #998,819
  • Jun 8, 2015 7:32am Jun 8, 2015 7:32am
Quoting edyraper
{quote} what about thinking of why they exports rise ? any ? cheap euro ? do you think that they will let the EUR rise ? not sure . any possible move towards 1.20 will harm their eco data any time they feel this will make the pair drop blow 1.15 ! in mid-term teritory
You can't tell

Don't think i've ever seen someone right on a fundie basis.

Better play with what you see/know
COT: The precious data ignored
  • #998,820
  • Jun 8, 2015 7:33am Jun 8, 2015 7:33am
This is why I believe the 1.1180 resistance will break.

Still 30 minutes before candle close. If the divergence is intact at the close, I am betting for higher EURUSD.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd bryte motstand.jpg Size: 241 KB
Do not let the cost of being wrong, exceed the prize of beeing right
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