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EURUSD

  • #1,037,601
  • Nov 20, 2015 3:51pm Nov 20, 2015 3:51pm
At least 20 hostages dead in siege of hotel in Mali, official says.

https://www.washingtonpost.com/world...mepage%2Fstory
  • #1,037,602
  • Nov 20, 2015 4:13pm Nov 20, 2015 4:13pm
Quoting ryder950
{quote} 1.10 : -) I wish
Lol. Me too. My sl kicked in on my last position today. Maybe next week better long positions
  • #1,037,603
  • Nov 20, 2015 4:16pm Nov 20, 2015 4:16pm
Quoting ahmed-2014
hi everybody
i see price back to 700 nice
also may continue south more to 625-630
i will take every opportunity to short EU
good luck on friday
price @640
thanks EU
made my week profitable !!!

good night
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THE CHANNELER
  • #1,037,604
  • Nov 20, 2015 5:41pm Nov 20, 2015 5:41pm
Quoting Goldflake
Where are all those parity traders? Changed mind?
HERE! Believed in parity since the beginning this year
Never let success get to your head because the market will punish you
  • #1,037,605
  • Nov 20, 2015 5:46pm Nov 20, 2015 5:46pm
Quoting reggiecjh
{quote} HERE! Believed in parity since the beginning this year
Cool..Thanks for the input..
When Scalpers win, I lose and Vice varsa...
  • #1,037,606
  • Nov 20, 2015 6:49pm Nov 20, 2015 6:49pm
Quoting gatorinla
{quote} its one of those things only insiders know. insiders are not likely to make public. some gold and silver are a byproducts of copper or whatever mining, even aggregate. (rocks used in construction). as long as people are mining whatever and there's economical gold/silver, ect. in it. they will sell it. supply is one leg. demand from asia for gold is down. gold is in its demand time before dec. but its still near lows.
http://www.forexfactory.com/showthre...15#post8603515

doesn't look like 16+ is going to work out now. Both gold and silver look to be in trouble.
  • #1,037,607
  • Nov 20, 2015 10:17pm Nov 20, 2015 10:17pm
The EURUSD keeps dropping, even though it has tried to rally at times. No fundamentals reasons up to now for the pair to rally, most likely it will remain weak.
  • #1,037,608
  • Nov 21, 2015 12:13am Nov 21, 2015 12:13am
Quoting Freelve
So whats the forecast for next week?
See there is no need of a forecast !
You wake up , have a glimps at the setup , make some calcs , trade .Simple !
Sometimes there is just no trade , so You skip .A forecast will mislead You in this particular ocasion .
EUR next week ?You have the oportunities to sell rallies , or explore the double bottom with a bid wider stop .
  • #1,037,609
  • Nov 21, 2015 4:17am Nov 21, 2015 4:17am
the retail flush and reversal trade... for newbies who keep asking that question "why can't price make up its mind?" or "why does breakout trading not work?"

breakout trading does work but you aren't doing it right. the breakout itself is to confirm potential to continue trend, but you can't enter on the breakout. you have to wait for the pullback. its simply best to buy the breakout (in a bearish market) and sell the bounce. (and in a bullish market), sell the breakout and buy the dip
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Be hopeful in a winning position, and fearful in a losing position.
  • #1,037,610
  • Nov 21, 2015 4:31am Nov 21, 2015 4:31am
Quoting yanitsa
{quote} See there is no need of a forecast ! You wake up , have a glimps at the setup , make some calcs , trade .Simple ! Sometimes there is just no trade , so You skip .A forecast will mislead You in this particular ocasion . EUR next week ?You have the oportunities to sell rallies , or explore the double bottom with a bid wider stop .
yes you are right no point in predicting ,a simple gap up or down can change potential predictions,so we should just let price do the talking,forecast will make us wishful that will be bad..
  • #1,037,611
  • Nov 21, 2015 7:03am Nov 21, 2015 7:03am
Quoting Rag2RichesFX
the retail flush and reversal trade... for newbies who keep asking that question "why can't price make up its mind?" or "why does breakout trading not work?" breakout trading does work but you aren't doing it right. the breakout itself is to confirm potential to continue trend, but you can't enter on the breakout. you have to wait for the pullback. its simply best to buy the breakout (in a bearish market) and sell the bounce. (and in a bullish market), sell the breakout and buy the dip {image}
I read something like this before here at FF, this is one of the reason why I signed up to this site to learn more about Forex Trading.

A gathering of great traders who wants to share their knowledge, a like-minded people are in here!

Thank you!
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #1,037,612
  • Nov 21, 2015 7:56am Nov 21, 2015 7:56am
Quoting 666Doom
{quote} yes you are right no point in predicting ,a simple gap up or down can change potential predictions,so we should just let price do the talking,forecast will make us wishful that will be bad..
But anytime we take a trade we are in essence predicting of what may happen. Taking short / long because you predict, think, believe, forecast etc that that is what will happen. Its always predicting...else we'd never take a trade...
  • #1,037,613
  • Edited 9:11am Nov 21, 2015 8:06am | Edited 9:11am
Quoting Rag2RichesFX
the retail flush and reversal trade... for newbies who keep asking that question "why can't price make up its mind?" or "why does breakout trading not work?" breakout trading does work but you aren't doing it right. the breakout itself is to confirm potential to continue trend, but you can't enter on the breakout. you have to wait for the pullback. its simply best to buy the breakout (in a bearish market) and sell the bounce. (and in a bullish market), sell the breakout and buy the dip {image}
agree with you

traders need to understand the nature of markets
that they operate " cycles within cycles" :nerd:
markets don't move from point a to point b in a straight line
but more in wavy pattern
thats why its imprtant to hunt pullbacks for better trades

this explains alot why markets tend to form :
trendlines
channels
highs and lows
support & resistance levels

i strongly recommend not to buy dips in bearish markets
nor sell breakouts in bullish markets
because you will be trading against the overall trend of the currenet move of the market

as long as you recognize the overall trend of the current move of the market
IN BEARISH MARKET
SELL THE BREAKOUTS ONLY
IN BULLISH MARKET
BUY THE DIPS ONLY

i.e. KEEP UR TRADE ALWAYS IN THE SAME DIRECTION OF THE MARKET

good luck
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THE CHANNELER
  • #1,037,614
  • Edited 9:18am Nov 21, 2015 9:02am | Edited 9:18am
Quoting cspip
{quote} But anytime we take a trade we are in essence predicting of what may happen. Taking short / long because you predict, think, believe, forecast etc that that is what will happen. Its always predicting...else we'd never take a trade...
In my post, I referred to predicting what will happen in next week,which in any case will be a fruitless endeavour until price shows its hand next time it trades,I may plot all kinds of weird bullish scenerios for next week but a slight gap below the present low can give the week a bearish start.price can take any number of forms on Monday which can effect outcomes of the entire week,and traders even with their strong capability to analyse may not be able to plot all the million scenerios that can exist.for Monday alone.
Will London breakout be up or down will it be fast or slow, will it reach the last swing high in a day or 4 days ,it all is unpredictable.So predicting just one or two or even three situation may be all but fruitless.what if Asian breakout takes out the level 100 pips away, which I may have predicted will drop the price.so it's worthless to predict until the next session shows its hand.
We as traders only make a plan and we follow the plan,our plan may fail,we may have to walk away with a loss or it may work and give a big profit it still is just a plan. Every trader who posts here says I think euro will do this and that in the next week and I will do this and that at soo and soo price he is just talking about a plan,they are never actually predicting anything they are just telling what they may do.
But it is a conundrum,truly in their minds they are predicting ,based on their beliefs.But most of the time with the next session the situation changes ,prediction needs to be changed and altered so it is a waste of time.
All we are left with is just a strategy which gives signals based on price action ,which is reactionary approach rather then forecast.It may still not workout smoothly even after following the strategy but all that is just dependent on statistical edge.
I believe no one can predict how strong or in which direction a session breakout will be.we can just position ourselves before the breakout.In the end these unpredictable breakouts make up the intraday trend so prediction is fruitless , we just follow the market where it goes, we follow our plan and withstand drawdown till plan works out.

Even before saying all this I was gonna just say aahhhh f^^^k it .its a difficult discussion to have.But I think we must only follow price and not assume anything.
Yes I trust the price patterns but in your book I am sure you will still call it prediction of the fact that the pattern will work.that is why the whole prediction and market topic is difficult thing to discuss.
But as I said before I referred to predicting weekly scenerios without Monday as worthless.
  • #1,037,615
  • Nov 21, 2015 9:46am Nov 21, 2015 9:46am
Quoting ahmed-2014
{quote}
as long as you recognize the overall trend of the current move of the market
IN BEARISH MARKET
SELL THE BREAKOUTS ONLY
IN BULLISH MARKET
BUY THE DIPS ONLY
i.e. KEEP UR TRADE ALWAYS IN THE SAME DIRECTION OF THE MARKET
good luck {image}
with that being said
someone might ask

how would i knew that this is the end of the breakout in bearish market so i can sell it ?
or
how would i knew that this is the end of the dip in bullish market so i can buy it ?

the answer is

NOBODY KNOWS !!!

so what should you do is
you wait for conformation signal to enter that trade

which is

break of uptrendline in bearish market
or
break of downtrendline in bullish market

as simple as that !!!! simple is safer
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THE CHANNELER
  • #1,037,616
  • Nov 21, 2015 9:50am Nov 21, 2015 9:50am
Quoting ahmed-2014
{quote} with that being said someone might ask how would i knew that this is the end of the breakout in bearish market so i can sell it ? or how would i knew that this is the end of the dip in bullish market so i can buy it ? the answer is NOBODY KNOWS !!! ...
Very simply put.☺
  • #1,037,617
  • Nov 21, 2015 10:21am Nov 21, 2015 10:21am
Quoting ahmed-2014
{quote} with that being said someone might ask how would i knew that this is the end of the breakout in bearish market so i can sell it ? or how would i knew that this is the end of the dip in bullish market so i can buy it ? the answer is NOBODY KNOWS !!! so what should you do is you wait for conformation signal to enter that trade which is break of uptrendline in bearish market or break of downtrendline in bullish market as simple as that !!!! simple is safer {image} {image}
applying that concept to real market

EU last friday

simple is better
simple is profitable
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THE CHANNELER
  • #1,037,618
  • Nov 21, 2015 10:33am Nov 21, 2015 10:33am
I think that EUR/USD asset will go down.
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  • #1,037,619
  • Nov 21, 2015 11:16am Nov 21, 2015 11:16am
Hello,
Maybe someone know where online i could watch FOMC ir ECB or FED people speeches, wher i could listen what are they talking online ???
  • #1,037,620
  • Nov 21, 2015 5:24pm Nov 21, 2015 5:24pm
Quoting simasdiving
Hello, Maybe someone know where online i could watch FOMC ir ECB or FED people speeches, wher i could listen what are they talking online ???
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