professor_frink
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always good to see that, and it came about 30 seconds before my time stop was going to kick in and cut it loose. Hard stop above the high now, and I'm just going to let it go.
EURUSD....Euro
- Thread starter MARKETWAVES
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always good to see that, and it came about 30 seconds before my time stop was going to kick in and cut it loose. Hard stop above the high now, and I'm just going to let it go.
hangseng
Gong Xi Fa Cai
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Very unsettled.
Good to watch though, not playing I just use forex for T/A education. It seems to now want to go much higher and probably will now as the DJIA is looking a little crook.
Will the PPT save the day
>Apocalypto<
20.03.2012
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Hey Apocalypto.,
Seen a few of your posts on Forex Factory, I am trawling thru it trying to learn more about the way the FX market functions and works, attempting to learn more about the way people apply TA and the like.
Seems a good learning centre there.
EUR/USD at critical levels?
Seems too much on news wise this week to make anything but some scalping a risky affair.
I noticed from your screen shot you are using some charting software was it?
I am pretty unfamiliar with trading/charting software for currencies here in Australia as I have been detached from the market for a while. I am using IG for the moment (I noticed they got panned a bit in another thread I read) but for my simple trading at the moment they have been OK. I think a 2 pip spread is pretty competitive from what I can determine so cannot complain and the platform seems relatively stable, even if their charting software is what appears to be basic (but I am a novice at it).
Anyway, will be seeing you around no doubt.
Good trading.
VP
Seen a few of your posts on Forex Factory, I am trawling thru it trying to learn more about the way the FX market functions and works, attempting to learn more about the way people apply TA and the like.
Seems a good learning centre there.
EUR/USD at critical levels?
Seems too much on news wise this week to make anything but some scalping a risky affair.
I noticed from your screen shot you are using some charting software was it?
I am pretty unfamiliar with trading/charting software for currencies here in Australia as I have been detached from the market for a while. I am using IG for the moment (I noticed they got panned a bit in another thread I read) but for my simple trading at the moment they have been OK. I think a 2 pip spread is pretty competitive from what I can determine so cannot complain and the platform seems relatively stable, even if their charting software is what appears to be basic (but I am a novice at it).
Anyway, will be seeing you around no doubt.
Good trading.
VP
>Apocalypto<
20.03.2012
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Hi App,
Bouncing back strongly today the Euro. Will wait and see if it can break this 15820-30 area then might go long.
Equity markets getting smashed......again.
You wonder where all the pension fund money is going.....probably into shorting stocks
Bouncing back strongly today the Euro. Will wait and see if it can break this 15820-30 area then might go long.
Equity markets getting smashed......again.
You wonder where all the pension fund money is going.....probably into shorting stocks
>Apocalypto<
20.03.2012
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Hi VP,
I have made a couple posts on FF but most of my trades I post here. Like you I do a lot of reading on FF
Great FX site lots going on and to read.
I am not a euro predictor I trade off the now. not to concerned of the overall trend just follow my entry's I get of the two methods I use.
I use Meta trader 4 with a combo of indicators that make my system. I am very fussy about what I take only look for trades in a certain hours of the day from london open to 1 hour from US close.
I traded with IG for awhile never had any issuse with trade FX with them. But mate look at a MT4 demo! IT finance charts are sub par!
FX is a great place if that's your thing. I could never go back to stocks.
Post your trades and charts VP only way to learn!
cheers
Apocalypto
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I was using a simulation account last night and was trading the EUR/JPY. I saw when it started to get crazy and in just seconds the whole screen went NUTS. I couldn't believe it.
I thought...WOW...this is why FOREX is a tough game. I thought that there was going to be a retracement and so I went long before things went crazy, so I was ok. BUT, before I made my trade I saw a lot of bearish activity. I would have understood if people had said that they were going to go short.
Those who went short would have gotten killed during that spike. I'm starting to think it is a bad idea to trade during times when there could be news but I don't know why the Euro went crazy at that time? There was no news released at that time as far as I'm aware except the ISM Manufacturing Index?
I thought...WOW...this is why FOREX is a tough game. I thought that there was going to be a retracement and so I went long before things went crazy, so I was ok. BUT, before I made my trade I saw a lot of bearish activity. I would have understood if people had said that they were going to go short.
Those who went short would have gotten killed during that spike. I'm starting to think it is a bad idea to trade during times when there could be news but I don't know why the Euro went crazy at that time? There was no news released at that time as far as I'm aware except the ISM Manufacturing Index?
The ISM man index is good enough reason.....
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The EURO is desperately trying to bust this resistance area above 158 at the moment.
Methinks some US Data will give it big momentum to do just that......if Trichets comments in 45 mins don't.
Methinks some US Data will give it big momentum to do just that......if Trichets comments in 45 mins don't.
>Apocalypto<
20.03.2012
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>Apocalypto<
20.03.2012
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Euro dropping, up move angle under pressure. could see some selling tonight!
>Apocalypto<
20.03.2012
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Euro came back like a rocket
latish entry on 1 lot +12 fast move very fast!
cheers
Attachments
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Currently 15840 - really want to sell but just can't pull the trigger.
I think it will break above this resistance and could run. Mind you it has tested it a couple of times now.
Instead sold the AUD at 9615 looking for a 14 pip scalp back to 9601.
Also getting a little trigger happy to buy some oil at 14080 current levels. bought some earlier at 14113 but luckily trailed my stop loss to B/E, got stopped out but i think 140 is a decent floor.
Will see how it goes......
I think it will break above this resistance and could run. Mind you it has tested it a couple of times now.
Instead sold the AUD at 9615 looking for a 14 pip scalp back to 9601.
Also getting a little trigger happy to buy some oil at 14080 current levels. bought some earlier at 14113 but luckily trailed my stop loss to B/E, got stopped out but i think 140 is a decent floor.
Will see how it goes......
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15874 printed.....will we see 159 tonight???
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I see some big selling--what happened??
>Apocalypto<
20.03.2012
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here some reasons for the action tonight.
7:45am EUR High Impact Expected Minimum Bid Rate
8:30am EUR High Impact Expected ECB Press Conference
8:30am USD High Impact Expected Nonfarm Employment Change
8:30am USD High Impact Expected Unemployment Rate
8:30am USD Medium Impact Expected Average Hourly Earnings m/m
8:30am USD Medium Impact Expected Unemployment Claims
that's US time NY I am pretty sure
7:45am EUR High Impact Expected Minimum Bid Rate
8:30am EUR High Impact Expected ECB Press Conference
8:30am USD High Impact Expected Nonfarm Employment Change
8:30am USD High Impact Expected Unemployment Rate
8:30am USD Medium Impact Expected Average Hourly Earnings m/m
8:30am USD Medium Impact Expected Unemployment Claims
that's US time NY I am pretty sure
>Apocalypto<
20.03.2012
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Good thing I'm using a simulation account. Man, I thought I was top **** for making a 50 pip profit and then I stupidly went long again. I then lost 100 odd pips when the EUR/JPY died
I must look at the times on the calandar and NOT trade when news is released. Or rather I should trade just after the news is released and then go for a quick scalp.
