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EURUSD

  • #1,109,981
  • May 12, 2017 8:49pm May 12, 2017 8:49pm
Quoting Jfrancis
He's the pip police
no . I am not.
  • #1,109,982
  • May 12, 2017 8:50pm May 12, 2017 8:50pm
Quoting denisius
{quote} Like I said i will explain later. If it plays out. And if you don't need anyone's analysis why you asking!
because you were addressing specific person....otherwise I wouldn't spend split second on your post.
  • #1,109,983
  • May 12, 2017 9:48pm May 12, 2017 9:48pm
Connors , great story !
From reading it , I understand that You are really on Your way to unbelievable success !
And Your family deserve Your success too !
  • #1,109,984
  • May 12, 2017 10:05pm May 12, 2017 10:05pm
Hello everyone ,
can any one tell me about the EURUSD .
what will be in the coming weak from 15-05-2017 to 19-05-2017
can anyone share me
  • #1,109,985
  • May 12, 2017 10:12pm May 12, 2017 10:12pm
Quoting abdulmosawer
Hello everyone , can any one tell me about the EURUSD . what will be in the coming weak from 15-05-2017 to 19-05-2017 can anyone share me
salam, better go and grow potatoes in fields...
Achiever
  • #1,109,986
  • May 12, 2017 10:15pm May 12, 2017 10:15pm
if I will write my forex story people will be amazed, but since my wife is already writing book on it I wont disclose it yet
Achiever
  • #1,109,987
  • May 12, 2017 10:33pm May 12, 2017 10:33pm
Quoting Connors
Here is my story in headlines, just posting it for new traders to read and maybe understand that this job isnt really as easy as it sounds: I already told you the case that hit me in Sep 2011. There is actually more pain. After I graduated and hold a math engineering degree and completing Ms.Sc in Empirical Macro Economics from Oxford - yes Oxford - I managed to get a job in London Wall - London City where all investment banks are -as a credit derivatives trader after years of failure. I actually started working for JPM in 2006 as a middle office...
Takes lot of honesty and guts to bare your soul...

"Then on a late friday afternoon, in a few hours lost it all, Lost it! I can never forget that weekend. Was staring at the screen, checking the statement from the broker and trying to understand what this was all about."

If it's alright, could you please tell What went wrong for your first big loss?

Thanks
  • #1,109,988
  • May 12, 2017 10:50pm May 12, 2017 10:50pm
Quoting Connors
Here is my story in headlines...
Thanks, man! This should be required reading for every newbie who comes here... and every NOT-so-newbie (like me) too!
  • #1,109,989
  • Edited May 13, 2017 3:56am May 12, 2017 10:51pm | Edited May 13, 2017 3:56am
Quoting Connors
Here is my story in headlines, just posting it for new traders to read and maybe understand that this job isnt really as easy as it sounds: I already told you the case that hit me in Sep 2011. There is actually more pain. After I graduated and hold a math engineering degree and completing Ms.Sc in Empirical Macro Economics from Oxford - yes Oxford - I managed to get a job in London Wall - London City where all investment banks are -as a credit derivatives trader after years of failure. I actually started working for JPM in 2006 as a middle office...
Hi connors! I remember both those days very well. I was there with currency loans and the crazy CHF. Remember when they put the peg the movements down almost (CHF)15% towards NOK in few Seconds in 2011
.
I have also a personal mail from SNB 1 month before they let the peg i 2015 og that SNB would keep the peg at any circustanses. We all know what happened. At the worst it was down 40%.( The euro towards CHF.)Stops didnt work. I was there both times. Many of the problem in the south of Europe after the financial crisis was due to the strong CHF. People was not able to pay the loans. I know in Cyprus 90% of the loans taken in the CHF was defaulted mostly towards the GPB and people were forced to sell. Cypruus was forced to take the bank accounts from the big customers from their customer by EU and many lost their savings in the bank-.

The problems With the atrong CHF is still a problem in many countries due to all the loans taken in CHF in 2007 before the financial crisis started.
  • #1,109,990
  • May 12, 2017 10:54pm May 12, 2017 10:54pm
Quoting abdulmosawer
Hello everyone , can any one tell me about the EURUSD . what will be in the coming weak from 15-05-2017 to 19-05-2017 can anyone share me
Anyone cn share with You his/here views .
But what is the point of that ?
1: It could be wrong , completely .
2. The person could change mind , if market persuades him .
3. It could be untradeable for You , from money management point of view
4. If You are looking for a trading idea from someone else , it might become a habbit and thats unhealthy in the long run .

That said I am expecting EUR to test the recent lows 1.0840-50 .
  • #1,109,991
  • May 12, 2017 10:58pm May 12, 2017 10:58pm
Wow, I'm shocked! Someone here at FF actually told the TRUTH! Connors - you are to be congratulated. It always amazes me that people who are under-capitalized
and wouldn't know an economics textbook from their arse actually think they're going to make money trading forex, the most sophisticated market on Earth. They don't have a snowball's chance in Hell, but brokers are more than happy to take their money of course. All your indicators are USELESS, you've probably blown two
or three accounts already. Yet here you are again, hoping , praying that somehow, this time will be different. Well, it won't - you'll lose money again. The definition of insanity, it's been said, is doing the same thing over and over and expecting different results. Frankly, the public would be better served if spot forex for small traders were banned. They have no chance of winning and their so-called trading is nothing more than online gambling. You might as well go to Las Vegas and play the slot machines - the resuts will be the same, but at least in Vegas you can get drinks and a show.

Read Connors post again - he has an economics degree from Oxford - yet still lost money. What makes you think that you with your stupid indicators and ridiculous EAs are going to do any better? You're only kidding yourself. Wake up and realize forex is a losing proposition.
  • #1,109,992
  • May 12, 2017 11:12pm May 12, 2017 11:12pm
EURUSD Trader's Guide (Weekly Levels)

Here are all the important levels I digged out based on weekly chart analysis. I did my best to keep the image as simple and as clear as it gets.

I hope it can help you in making healthier decisions during the week.

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-2017-05-15_to_19-Weekly.jpg Size: 128 KB
Focus only on what truly matters!
  • #1,109,993
  • Edited 11:32pm May 12, 2017 11:20pm | Edited 11:32pm
Quoting gravitist
Wow, I'm shocked! Someone here at FF actually told the TRUTH! Connors - you are to be congratulated. It always amazes me that people who are under-capitalized and wouldn't know an economics textbook from their arse actually think they're going to make money trading forex, the most sophisticated market on Earth. They don't have a snowball's chance in Hell, but brokers are more than happy to take their money of course. All your indicators are USELESS, you've probably blown two or three accounts already. Yet here you are again, hoping , praying that...
Why are you here? I think everyone can earn money in the forex market if one is willing to do the hard work with both tecnical and fudamental knowlegde- Patiience and trust of a direction and not too big positions.In addition to that have reserve money in the account if the trade goes againt you because it will turn.
  • #1,109,994
  • May 12, 2017 11:41pm May 12, 2017 11:41pm
Quoting gravitist
Wow, I'm shocked! Someone here at FF actually told the TRUTH! Connors - you are to be congratulated. It always amazes me that people who are under-capitalized and wouldn't know an economics textbook from their arse actually think they're going to make money trading forex, the most sophisticated market on Earth. They don't have a snowball's chance in Hell, but brokers are more than happy to take their money of course. All your indicators are USELESS, you've probably blown two or three accounts already. Yet here you are again, hoping , praying that...

wow someones had a bad trading week
  • #1,109,995
  • May 12, 2017 11:47pm May 12, 2017 11:47pm
Basically every one tries hard to crack forex market, only few gets success, rest all keep trying all their life, and few becomes sour and start blaming it on broker+market and some times on climate
Achiever
  • #1,109,996
  • May 12, 2017 11:48pm May 12, 2017 11:48pm
EU has some support @ 1.0830. but 1.1,the round number is another resistance. above 1.1, we may catch 1.16 in the next few months.
between 1.08 and 1.1,I can't get a clue to open fire at this moment.
am I right,what's you guys opinions?
anyway, bullish bias.
Attached Image
A chart helps those who can read it.
  • #1,109,997
  • May 13, 2017 12:14am May 13, 2017 12:14am
Quoting Connors
Here is my story in headlines, just posting it for new traders to read and maybe understand that this job isnt really as easy as it sounds: I already told you the case that hit me in Sep 2011. There is actually more pain. After I graduated and hold a math engineering degree and completing Ms.Sc in Empirical Macro Economics from Oxford - yes Oxford - I managed to get a job in London Wall - London City where all investment banks are -as a credit derivatives trader after years of failure. I actually started working for JPM in 2006 as a middle office...

Honesty at it's best.. I salute you Connors!
I am sure a lot of us can relate with your experience thus even tho the amounts might be different...
#MuchRespectToTheOG
  • #1,109,998
  • May 13, 2017 12:27am May 13, 2017 12:27am
This is my SWING plan so far...

I went short from 1.098 area and will be looking to short more this coming week. (My Trade idea)
my target will still be 1.065... (As per normal, I always give room for losses as it is part of the FX world.. No such thing as Holy Grail)

Big respect to Connors

Great Weekend Ahead
  • #1,109,999
  • May 13, 2017 12:58am May 13, 2017 12:58am
Bitter tears of the failed traders...

"I cannot do it, which means no one can do it."

That shit that you repeat to yourself holds you anchored down like a ship. You're never going to sail away until you cut that rope. But you aint gonna cut it until you become aware that there is a rope in the first place.
"Don't lose your cool, and you will fare well".
  • #1,110,000
  • May 13, 2017 1:08am May 13, 2017 1:08am
Quoting jusstin911
This is my SWING plan so far... I went short from 1.098 area and will be looking to short more this coming week. (My Trade idea) my target will still be 1.065... (As per normal, I always give room for losses as it is part of the FX world.. No such thing as Holy Grail) Big respect to Connors Great Weekend Ahead

I still have the long bias. The euro will rise. I am still expecting a slide down to abouth 1,0745 before furher up. This is due to rsi and overbought. From my banks charts there is a long signal from 1.09 though
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Killerswrath