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EURUSD

  • #1,069,461
  • Jun 7, 2016 10:43am Jun 7, 2016 10:43am
maybe it will be in a range for the rest of the week?
it rubs the lotion on its skin
  • #1,069,462
  • Jun 7, 2016 10:45am Jun 7, 2016 10:45am
Quoting OnlineAddict
1350 won't hold it for much longer, 1290 and less tomorrow...Waiting for a good short entry close to 1360.
Thats my setup also.

Do't think we will see new highs.

I sell every upmove as close to 1.1380 - 1.1360.

Time will tell.
  • #1,069,463
  • Jun 7, 2016 10:49am Jun 7, 2016 10:49am
what if it does go to 1.16 ? the dollar is not doing that good
it rubs the lotion on its skin
  • #1,069,464
  • Jun 7, 2016 10:50am Jun 7, 2016 10:50am
Very good trading day.

"Price action is not about any setups, it is about price action, that is all, price action which means the ability to read the charts, like reading a text on the internet, or reading this text. Price action does not work better on any time frame, it works the same on every time frame. The only difference is in the detailed information in the given time frame. The lower the time frame, the more detailed information".
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  • #1,069,465
  • Jun 7, 2016 10:52am Jun 7, 2016 10:52am
Quoting Techanalyst
Very good trading day. "Price action is not about any setups, it is about price action, that is all, price action which means the ability to read the charts, like reading a text on the internet, or reading this text. Price action does not work better on any time frame, it works the same on every time frame. The only difference is in the detailed information in the given time frame. The lower the time frame, the more detailed information". {image}
lower time frame is just noise and you can get a better indication of what goes on in the daily or weekly chart
it rubs the lotion on its skin
  • #1,069,466
  • Jun 7, 2016 10:56am Jun 7, 2016 10:56am
Quoting big-cheez
{quote} lower time frame is just noise and you can get a better indication of what goes on in the daily or weekly chart
If you are a daytrader you want to see the noise.

It works prety good. on MACD 12.26.9.
  • #1,069,467
  • Jun 7, 2016 11:02am Jun 7, 2016 11:02am
Quoting OnlineAddict
{quote} We can easily go below 1200 again...
IF THEY MAKE THAT STUPID MOVE I WILL BUY FULL MARGIN
but it is next to impossible .it is bought heavily .ecb said no action in near future and no hike this month by fed
so how it could go that much dip
we may see some correction Thursday but 1.17 is in place
good luck
  • #1,069,468
  • Jun 7, 2016 11:05am Jun 7, 2016 11:05am
Quoting 3Davy
{quote} If you are a daytrader you want to see the noise. It works prety good. on MACD 12.26.9.
sure, only if you like playing the roulette wheel at the casino or you are the owner of the casino and you want people to trade the noise to take their money lol

no professional trader is a "day trader", they are all long term trend followers who enter the market only when the conditions are correct
it rubs the lotion on its skin
  • #1,069,469
  • Jun 7, 2016 11:05am Jun 7, 2016 11:05am
Quoting big-cheez
{quote} lower time frame is just noise and you can get a better indication of what goes on in the daily or weekly chart
I'm a day trader. I do not predict the price and I do not want to know what is going to happen in the next few days or weeks or months which is impossible to know. I care what is happening and where the action is in the next few hours. Once I earn enough and I am satisfied with profit, I stop trading for that day. Like now I am done trading for today.
  • #1,069,470
  • Jun 7, 2016 11:07am Jun 7, 2016 11:07am
Quoting big-cheez
{quote} sure, only if you like playing the roulette wheel at the casino or you are the owner of the casino and you want people to trade the noise to take their money lol no professional trader is a "day trader", they are all long term trend followers who enter the market only when the conditions are correct
Wrong, All professional traders trade day trading. I do not know any traders that trade for institutions and banks and wall street, that trade long term. It is all into day trading.
  • #1,069,471
  • Jun 7, 2016 11:13am Jun 7, 2016 11:13am
Quoting Techanalyst
{quote} Wrong, All professional traders trade day trading. I do not know any traders that trade for institutions and banks and wall street, that trade long term. It is all into day trading.
it rubs the lotion on its skin
  • #1,069,472
  • Jun 7, 2016 11:23am Jun 7, 2016 11:23am
Quoting big-cheez
{quote}
I know, you are very funny. Stick to your demo trading until you learn how to trade. You have long way to learn how to trade forex for a living. I've been doing this for almost 7 years now. For the past three years I've been day trading. Wouldn't change it for any other strategy. I can tell you're a demo trader. You will learn to trade live one day. Here is a video for you to watch and see an example how wall street traders trade during the day. It will take you another 5 years to learn to trade day trading. Good luck you're going to need it.

Inserted Video
  • #1,069,473
  • Jun 7, 2016 11:28am Jun 7, 2016 11:28am
Quoting big-cheez
{quote}
I am laughing too btw
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,069,475
  • Jun 7, 2016 11:34am Jun 7, 2016 11:34am
Quoting Techanalyst
{quote} I know, you are very funny. Stick to your demo trading until you learn how to trade. You have long way to learn how to trade forex for a living. I've been doing this for almost 7 years now. For the past three years I've been day trading. Wouldn't change it for any other strategy. I can tell you're a demo trader. You will learn to trade live one day. Here is a video for you to watch and see an example how wall street traders trade during the day. It will take you another 5 years to learn to trade day trading. Good luck you're going to need...
With all due respect sir, day trading is just one type of trading! And there are also types of day trading too.. So.. Its good to know you are comfortable and profitable with your "strategy"..

Good luck
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,069,476
  • Jun 7, 2016 11:36am Jun 7, 2016 11:36am
Troll alert! Day-troll, a rare kind.
  • #1,069,477
  • Jun 7, 2016 11:45am Jun 7, 2016 11:45am
Quoting baherhosni
{quote} With all due respect sir, day trading is just one type of trading! And there are also types of day trading too.. So.. Its good to know you are comfortable and profitable with your "strategy".. Good luck
Institutional traders trade with 3 month time horizons, they take trades for 3 months and re-evaluate.
Market Makers scalp and Floor traders day trade. We are retail traders, there are ways to learn to read charts and to recognize market makers levels but it is very hard but it is possible and it takes time. Especially if you get mentored by a trader who use to trade for banks and other financial institutions. Trading forex long term, it is not recommended, because currencies they change a lot in price action during the day, so it is better to learn to trade day trading and take profit by scalping/day trading. There were a lot of "predictions" on this thread these past couple days that EURUSD is going to go up or down and so on but as you can see it only reached certain price level up and now it is back down. From 6am this morning until 7 am it went down about 25 pips. From 8am until 9 am it went up about 20 to 22 pips. From 9am until now the price is down 22 pips and looks like it is still going down. Predicting currencies is very hard and very risky especially if you leave your lots open for days. I can find a lot of setups and I do during the day on a lot of currencies and I take profit and I am done. No struggle nothing. IF it goes against you on the long term you take a lot of losses.
  • #1,069,478
  • Jun 7, 2016 11:46am Jun 7, 2016 11:46am
Quoting zazox
Troll alert! Day-troll, a rare kind.
Are you calling me a troll? Because I am not, I've been on here for a while and I am just sharing my opinion as everyone else?
  • #1,069,479
  • Jun 7, 2016 11:57am Jun 7, 2016 11:57am
Just a Trend view update:

based on supply-demand analysis- under evaluation.

So far the market was right!

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  • #1,069,480
  • Jun 7, 2016 12:04pm Jun 7, 2016 12:04pm
Quoting Techanalyst
{quote} Are you calling me a troll? Because I am not, I've been on here for a while and I am just sharing my opinion as everyone else?
Yes I am, judging from your reply to big-cheez in post 1,069,478. As only a troll goes personal in a discussion on the web.
Will be more than happy to be wrong though, but thats up to you now.
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