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EURUSD

  • #1,074,501
  • Aug 25, 2016 12:28pm Aug 25, 2016 12:28pm
Quoting investing101
For the next 24 hrs. it is kind of dumb to try to predict where price is heading.
Why? Because Yellen has a low impact speech tomorrow? You think market isn't adjusting to it already? Doesn't matter what she says...she won't change whats in the charts...and most important...when trading with a tight SL, you don't have to worry about anything. If I enter a short, SL won't be bigger than 5-10 pips...and I will target 70-150 pips...nothing to lose there.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,502
  • Aug 25, 2016 12:39pm Aug 25, 2016 12:39pm
ONLINEADDICT,
aggree with you . Market[makers] know what Yellen Girl will say tomorrow . They play like cats with us ...mices ...
  • #1,074,503
  • Aug 25, 2016 12:43pm Aug 25, 2016 12:43pm
Quoting F.g
ONLINEADDICT, aggree with you . Market[makers] know what Yellen Girl will say tomorrow . They play like cats with us ...mices ...
Well, the key to success is to join the cats...we can't battle them, but we can make money along with them.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,504
  • Aug 25, 2016 1:06pm Aug 25, 2016 1:06pm
14.05 1.1281

Yeap..... tell me now. Do you see HERE a reversal downwards or an upmove...???
  • #1,074,505
  • Aug 25, 2016 1:09pm Aug 25, 2016 1:09pm
Quoting F.g
14.05 1.1281 Yeap..... tell me now. Do you see HERE a reversal downwards or an upmove...???
My view didn't change, because price is somewhere at 14:05 or whatever time you have there...I said what I target and what numbers I expect. I will come back tomorrow, maybe I am right, maybe not...probably not.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,506
  • Aug 25, 2016 1:23pm Aug 25, 2016 1:23pm
Quoting OnlineAddict
{quote} Why? Because Yellen has a low impact speech tomorrow? You think market isn't adjusting to it already? Doesn't matter what she says...she won't change whats in the charts...and most important...when trading with a tight SL, you don't have to worry about anything. If I enter a short, SL won't be bigger than 5-10 pips...and I will target 70-150 pips...nothing to lose there.

sl and tp are pointless when you have whipsaws. One comment will take you down the next comment will take you up. Apparently you werent here last week
  • #1,074,507
  • Aug 25, 2016 1:29pm Aug 25, 2016 1:29pm
Quoting investing101
{quote} sl and tp are pointless when you have whipsaws. One comment will take you down the next comment will take you up. Apparently you werent here last week
How are SLs pointless? I have been here the last 6-7 years and never had a problem with speaches or news...when I am wrong, SL is hit and I am out, no big deal, there is no profit without accepting loss. And in 80-90% of all cases...market is adjusting ahead of news, so SL can be safely in profit before important stuff is happening.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,508
  • Aug 25, 2016 1:37pm Aug 25, 2016 1:37pm
It isnt all the time but a whipsaw will hit your sl and the go the other way.

Quoting OnlineAddict
{quote} How are SLs pointless? I have been here the last 6-7 years and never had a problem with speaches or news...when I am wrong, SL is hit and I am out, no big deal, there is no profit without accepting loss. And in 80-90% of all cases...market is adjusting ahead of news, so SL can be safely in profit before important stuff is happening.
  • #1,074,509
  • Aug 25, 2016 1:40pm Aug 25, 2016 1:40pm
Quoting OnlineAddict
{quote} Nah, my bullish pattern would work out if we broke 1311 today...we didn't, so bears are winning and I will short the next opportunity I get during asian session...into 1215. Ideally between 1283-95. Unless some craziness happens and we shoot high in the next 4 hours.
You are right since my patterns are time sensitive.. That analysis is negated now..

Friday is the day then.. !!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,074,510
  • Aug 25, 2016 1:45pm Aug 25, 2016 1:45pm
Quoting investing101
It isnt all the time but a whipsaw will hit your sl and the go the other way. {quote}
Yes, I know...many times my SL was hit and within few hours I could have made 50-100 pips profit, but thats the whole purpose of this game. Not having a SL is much more dangerous...waiting for a trade to turn...sleepless nights...worrying during each news event...I have been there, too. Never ever! I will rather give up 10 pips instantly and be done with the trade. In the long run its the only way to make money, everything else is a gamble.
Everyone can see the chart, but only a few can actually read it.
  • #1,074,511
  • Edited 2:01pm Aug 25, 2016 1:48pm | Edited 2:01pm
Still Keeping the sell trade running, stoploss at 1.3170.. Kept it open for a record breaking (for forex Factory) 24 hours.

bad data in Germany, good data in USA indifferent price action. Just stick with the trade plan.
  • #1,074,512
  • Aug 25, 2016 1:48pm Aug 25, 2016 1:48pm
Quoting OnlineAddict
{quote} Yes, I know...many times my SL was hit and within few hours I could have made 50-100 pips profit, but thats the whole purpose of this game. Not having a SL is much more dangerous...waiting for a trade to turn...sleepless nights...worrying during each news event...I have been there, too. Never ever! I will rather give up 10 pips instantly and be done with the trade. In the long run its the only way to make money, everything else is a gamble.

100%
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,074,513
  • Aug 25, 2016 1:55pm Aug 25, 2016 1:55pm
Can't wait for Yellen to start yellen!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,074,514
  • Aug 25, 2016 7:40pm Aug 25, 2016 7:40pm
well, it seems pretty bullish to me.... tp 1311 then 1380 ish...
  • #1,074,515
  • Aug 25, 2016 7:56pm Aug 25, 2016 7:56pm
Yeap. . . for the time being...
I think it will stall around 1.1310-15 around 3.00 ESTDT
  • #1,074,516
  • Aug 25, 2016 8:07pm Aug 25, 2016 8:07pm
How can you tell when tomorrows news has the power to determine the trend for the rest of the year

Quoting imnicetoyou
well, it seems pretty bullish to me.... tp 1311 then 1380 ish...
  • #1,074,517
  • Aug 25, 2016 9:01pm Aug 25, 2016 9:01pm
Quoting investing101
How can you tell when tomorrows news has the power to determine the trend for the rest of the year {quote}
before tomorrow's news, it's going up```
just had a feeling about the news on weaker USD.
maybe the feeling is wrong.... hard to tell right now.
  • #1,074,518
  • Aug 26, 2016 12:33am Aug 26, 2016 12:33am
Inserted Video
  • #1,074,519
  • Edited 12:57am Aug 26, 2016 12:44am | Edited 12:57am
Quoting HappyMe
{quote} Incredible....but the count still looks good.... to be honest....this afternoon I had doubt about the outcome... I only have to change the targets a little... {image} {image}
Hi HM,
Is this what you are seeing?
With a lower high, time to go Short.

EURUSD 1H Charts:
Cheers, U2

Edit: wave ii must remain below 1.12977
[currently at 90.02%]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD 160826 30M [1].png Size: 50 KB
Click to Enlarge Name: EURUSD 160826 1H [1].png Size: 47 KB
Wait, or you will be slaughtered!
  • #1,074,520
  • Aug 26, 2016 1:14am Aug 26, 2016 1:14am
Quoting Uturn2
{quote} Hi HM, Is this what you are seeing? With a lower high, time to go Short. EURUSD 1H Charts: Cheers, U2 Edit: wave ii must remain below 1.12977 [currently at 90.02%] {image} {image}
Its only speculation guys.

A spike already hit.

Stay out today if you want to keep your money.
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