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EURUSD

  • #1,067,441
  • May 18, 2016 1:13pm May 18, 2016 1:13pm
1.1220 is the monthly support. might hold on. let us see
So get ready!
  • #1,067,442
  • May 18, 2016 1:13pm May 18, 2016 1:13pm
Quoting Don96
{quote} 1.1238 is my level, I don't trust any longs at all now so not going to risk it
  • #1,067,443
  • May 18, 2016 1:13pm May 18, 2016 1:13pm
Quoting Raa
{quote} eu is not interesting atm, gu is!
yeah it was - I was stopped out - 20 right before FOMC, I was looking to enter 1.4630 but didn't want to add before
  • #1,067,444
  • May 18, 2016 1:18pm May 18, 2016 1:18pm
Interesting, the selling tone began in Asia and carried through.
Enter Signature
  • #1,067,445
  • May 18, 2016 1:23pm May 18, 2016 1:23pm
I see some good support around 1.1190...do you see something there?
  • #1,067,446
  • May 18, 2016 1:35pm May 18, 2016 1:35pm
I am warning every day do not buy this shit but I see every day at every stage people take long position.
It is manipulated by fed very badly. Do not buy before sustainable movement.
  • #1,067,447
  • May 18, 2016 1:42pm May 18, 2016 1:42pm
Quoting arash66110
I am warning every day do not buy this shit but I see every day at every stage people take long position. It is manipulated by fed very badly. Do not buy before sustainable movement.
Already might have priced FOMC news with some extended down afterward; might go up soon to finish rest of upwards... IMO
...
  • #1,067,448
  • May 18, 2016 1:47pm May 18, 2016 1:47pm
Quoting inRoozaan
{quote} Already might have priced FOMC news with some extended down afterward; might go up soon to finish rest of upwards... IMO
as much as you (retail traders) think so , I will see new low coming
why do not wait for some news and solid trend to support long term movement!
  • #1,067,449
  • May 18, 2016 1:52pm May 18, 2016 1:52pm
Quoting Don96
{quote} yeah it was - I was stopped out - 20 right before FOMC, I was looking to enter 1.4630 but didn't want to add before
entered long gu @ 1.4593
  • #1,067,450
  • May 18, 2016 1:53pm May 18, 2016 1:53pm
Thought I could catch this one in EU, only, I went in the wrong direction.
Shit happens, I've got a second buy to back it up.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,067,451
  • May 18, 2016 1:54pm May 18, 2016 1:54pm
Quoting arash66110
{quote} as much as you (retail traders) think so , I will see new low coming why do not wait for some news and solid trend to support long term movement!
Why trade the news and risk everything, when you can trade price action and have minimum risks and very good profits.
  • #1,067,452
  • May 18, 2016 2:02pm May 18, 2016 2:02pm
Quoting Techanalyst
{quote} Why trade the news and risk everything, when you can trade price action and have minimum risks and very good profits.
Can you give me an exact explanation of "price action"?
No one in the 11 years I've been trading now has been able to do that.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,067,453
  • May 18, 2016 2:06pm May 18, 2016 2:06pm
Quoting KillerWhale
{quote} Can you give me an exact explanation of "price action"? No one in the 11 years I've been trading now has been able to do that.

When price goes up, buy; when price goes down sell!!!
Do your homework, follow the footprints of smart money
  • #1,067,454
  • May 18, 2016 2:11pm May 18, 2016 2:11pm
Quoting KillerWhale
{quote} Can you give me an exact explanation of "price action"? No one in the 11 years I've been trading now has been able to do that.
I mean ... it sounds very interesting and professional to say..................... I TRADE PRICE ACTION .................. and then, how do you trade price action? What is it? Can you give examples?

To me, it's nothing but a fact that you like to show you're a professional, but the meaning of PRICE ACTION is totally beyond me.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,067,455
  • May 18, 2016 2:12pm May 18, 2016 2:12pm
Quoting KillerWhale
{quote} Can you give me an exact explanation of "price action"? No one in the 11 years I've been trading now has been able to do that.
Basic element for understanding price action is understanding the basic economics, which means how the market works. In economics there are two sides: debit & creditors
Which translates in Forex to: Buy & Sell
The Balance is always = 0.

If you understand that:
When you want to buy at price X, there must be someone who will sell to you at price X.
When you want to sell at price Y, there must be someone who will buy from you at price Y.
Then you begin to understand Price Action.
That is where you start to understand, that the market is always in a consolidation state.

When the price is going up, there are buyers and pending sell orders waiting at some level, which others call S/R levels, but they actually are consolidation levels.
Trend is the journey the price is making from one consolidation to another consolidation.
This is what we are aiming to catch and exploit. That is where our pips are.
  • #1,067,456
  • May 18, 2016 2:14pm May 18, 2016 2:14pm
Quoting KeenPips
{quote} When price goes up, buy; when price goes down sell!!!
Oh is that called price action now? Fantastic, I knew that 10 years ago, only then it was called using good common sense when you are trading.

But thank you, finally I have a new word for using my common sense.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,067,457
  • May 18, 2016 2:15pm May 18, 2016 2:15pm
Quoting KeenPips
{quote} When price goes up, buy; when price goes down sell!!!
It's ok, one day you will learn how to trade and be successful at it.
  • #1,067,458
  • May 18, 2016 2:15pm May 18, 2016 2:15pm
Quoting KillerWhale
{quote} Can you give me an exact explanation of "price action"? No one in the 11 years I've been trading now has been able to do that.
Odds of a US rate hike has gone up from FOMC minutes which contributes to USD strength across the board.
TE started 6/4/19
  • #1,067,459
  • May 18, 2016 2:16pm May 18, 2016 2:16pm
Quoting KillerWhale
{quote} Oh is that called price action now? Fantastic, I knew that 10 years ago, only then it was called using good common sense when you are trading. But thank you, finally I have a new word for using my common sense.
So actually it's nothing more than ............... Follow the trend!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,067,460
  • May 18, 2016 2:16pm May 18, 2016 2:16pm
Quoting Techanalyst
{quote} It's ok, one day you will learn how to trade and be successful at it.
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