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Thread: EURUSD H1 2013

  1. #33196
    Gino's Avatar
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    Quote Originally Posted by FXTA View Post
    As long as bulls stay above this Trend Line, I still think we can rally hard next week but we'll see. Definitely still holding longs for now.
    Good to see you again my friend, been busy looking for a job. Well, it closed below your line, so?

  2. #33197
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    Lightbulb EUR/USD Weekly View

    Friends, any Ideas on how the next weeks might play out?
    รูป รูป  
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    Best regards,

    MAXJOY

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  3. #33198
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    Quote Originally Posted by MAXJOY View Post
    Friends, any Ideas on how the next weeks might play out?
    Dollar broke the 82.09 range. While it moved very quickly and may need to relax a bit, that is move down a bit, it is at this point resuming its rally. The dollar touched the 50% retrace line at 82.52 so a pulled back would be normal but it can move up regardless. It bounced exactly on the support line and the upper resistance line is now above 87.

    The Euro was never in an uptrend as stated in this forum often stated as it never accomplished the necessary characteristics to be considered a trend but rather a countertrend. This is confirmed by the dollar index that was in the exact same mode on an inverse move. Now that we have reset the downtrend we should see the Euro move below 1.30 and could challenge the recent lows just under 1.28.

    If you look at fundamentals it also makes sense. US economy was upgraded while EU was downgraded. Yields in US are increasing supporting the dollar. Greece is once again causing some issues. Overall, fundamentals, intermarket analysis and technicals seem to be lined up.

    This will not be a linear move, it will ebb and flow. It may take a few weeks or a few days, on that front no body knows. But it is my opinion we are heading downward for some time.

    Now that I've said it, history shows this may not happen because all the traders in the entire world watch my post and then have a meeting, that I don't know about, and decide how to make the market move agaisnt my trades and make me look bad. I know it, I just know. JK

    One guys humble opinion.
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  4. #33199
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    i like this guy - he always makes sense

    http://www.babypips.com/blogs/pipsyc...edicitons.html

    a little extract:

    As a trader, you must always process information with an open mind and remain flexible. You risk missing both intraday moves and long-term trends if you choose to only see the market signals that support your own predictions.

    "Trade what the market is doing, not what you'd like it to do in your nihilistic fantasies," advises reknowned trading psychologist Dr. Brett Steenbarger.

    Remember that the name of the business is trading, not predicting. At the end of the day, your trading results won't reflect your predictions but your ability to adapt to the markets and capitalize on price action.


    edit: i didnt know what nihilistic meant so a looked it up, apparently........

    May 23, 2007 – A nihilist is someone who knows too many stupid words.
    Last edited by biggari; 06-22-2013 at 11:21 AM.
    Remember: your stop is also your brokers take profit

  5. #33200
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    certainly thats one very bearish candle - i personally dont care which way it goes but i intend jumping on board for a few which ever way it may be


    image hosting tiny pic
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    Remember: your stop is also your brokers take profit

  6. #33201
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    Quote Originally Posted by stkelrey View Post
    ...traders in the entire world watch my post and then have a meeting, that I don't know about, and decide how to make the market move agaisnt my trades and make me look bad. I know it, I just know.
    x 27695799393
    Best regards,

    MAXJOY

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  7. #33202
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    some more of my mind clutter

    a simple trading plan.....

    Quote Originally Posted by biggari View Post
    imho an excellent chart analyst can lose money with bad MM and RR but an average chart analysis can still profit with good MM and RR (luckily for me)

    some simple maths;

    with consistent R/R of 1:3 and always having the same monetary risk for every trade (what ever the pips) you can lose 70% of your trades and still be profitable (ofcourse the profits are immense if you can achieve 50% win/lose)

    RR and MM are the key to success in this business, and not the success of any individual trade


    edit: to get a better RR i split my trade into two positions - i add the second position only when price has moved my way and created another swing high/low and preferably moved through a support to resistance / resistance to support level - in this way the initial position is moved to approx BE and the risk used for the second position

    once PA allows the stops can be moved to half way between the two entrys - if the price moves against me after this the trades will be stopped with no overall loss
    a simple trading philosophy.....

    Quote Originally Posted by biggari View Post
    i pinched this from CodyB:

    Probabilities are the name of the game and will require you to buy into the following

    1: Anything can happen
    2: You don't need to know what is going to happen next to make money
    3: There is a random distribution between wins and losses for any set of variables that define your edge
    4: An edge is nothing more than an indication of a higher probability of one thing happening over another
    5: Every moment in the market is unique
    sommer and MAXJOY like this.
    Remember: your stop is also your brokers take profit

  8. #33203
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    Quote Originally Posted by Gino View Post
    Good to see you again my friend, been busy looking for a job. Well, it closed below your line, so?
    Im looking at possibly 1.3020-40 area to attempt longs. Somewhere close to the monthly Pivot point.
    “There are no limitations to the mind except those we acknowledge.”

  9. #33204
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    i wonder who'l be proved right in time by reality

    http://www.youtube.com/watch?v=63FMs...FxYtFmWlbTGQRQ
    Remember: your stop is also your brokers take profit

  10. #33205
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    I think...only the Time will show...
    Quote Originally Posted by biggari View Post
    i wonder who'l be proved right in time by reality

    http://www.youtube.com/watch?v=63FMs...FxYtFmWlbTGQRQ
    Best regards,

    MAXJOY

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  11. #33206
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    Hello all. Looks like its gonna be a good one. I was heavy short as my charts at close pointed out and Ive decided to close half my positions at the gap open to secure profit. Now I have a running short at 1.3140 and a long Uchf at .9300. My targets are but not limited to EU 1.2960 and UCHF .9600 My charts are the same as they were when I posted Friday at close. Just a couple down if ya wanna take a look. Ill be adding to positions once these gaps close. Good luck
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    Brian Jimerson
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  12. #33207
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    Quote Originally Posted by lukes8 View Post
    someone had a sl @3120, no disrespect meant.
    In these uncertain markets 800 pip targets are crazy, thats why i scalp.

    FXTA if u had cashed some longs this morning you would've been in profit, thats what i did altough i'm a perma bear.

    got stuck with one long 3170 no sl for scalping but will close with loss as it is small.

    Told ya'll about Greece last night, it's haunting us again.

    GL.
    I was thinking about cashing in the profit that i had but i would of reloaded on a pullback back down anyway around 1.317x. I definitely thought E/U would hold on around 1.317x level and you can see on the daily TF it had a nice bounce from there but Bulls gave it up Friday. Im thinking of trying some longs by the Monthly Pivot but being careful as the bears are lookin pretty strong.
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  13. #33208
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    Here is a weekly chart since June 2010 where we have had very bearish engulfing candles and continued with the down move. I have highlighted each one for viewing ease. 1.2450 and 1.18 keeps coming up on my long term charts. I see no reason why history would take a different turn this round. The red is my number one the green my number 2. I would not count out a strong bullmove after the 1.2950 area into 1.42 Name:  eu6-23.jpg
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  14. #33209
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    Quote Originally Posted by Bignatx View Post
    Here is a weekly chart since June 2010 where we have had very bearish engulfing candles and continued with the down move. I have highlighted each one for viewing ease. 1.2450 and 1.18 keeps coming up on my long term charts. I see no reason why history would take a different turn this round. The red is my number one the green my number 2. I would not count out a strong bullmove after the 1.2950 area into 1.42 Name:  eu6-23.jpg
Views: 693
Size:  595.6 KB
    Nice outlook. Last week I was confident in 1.317x area holding support because you can see that a strong previous resistance was present. Euro bounced but fell through, so now im wondering if thats now going to be a strong resistance again and we come collapsing down. Very interesting times because my long term view for Euro is very bearish but i was looking for one more last rally to short this thing down below 1.2000.
    รูป รูป  
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  15. #33210
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    Quote Originally Posted by FXTA View Post
    Nice outlook. Last week I was confident in 1.317x area holding support because you can see that a strong previous resistance was present. Euro bounced but fell through, so now im wondering if thats now going to be a strong resistance again and we come collapsing down. Very interesting times because my long term view for Euro is very bearish but i was looking for one more last rally to short this thing down below 1.2000.
    I really thought it was gonna hold last week too man, I even posted that i was long but it created a 15 min rising wedge i was fortunate enough to see and got out with a light profit. The current line in the sand for me is the green trend line you see on my chart here then 1.2780ish. A break of that im looking for 1.2450 and then 1.18.
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    Brian Jimerson
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