filling the gap is the most welcome scenario , but i wouldnt be surprised if we fall back to 1.2870 before we fill the gap .
Good luck everyone
i would be very surprised if we fall back to 2870 before testing 1.3080-3115,
every body has his/her own view and if with big "if" we close today above that dotted line with i mentioned in my last post then its really very bullish, you may see a surge of 200-250 pips with out any retrace
i see a temporary res at 3045-48 after this quoted number prices may pull back to 2995 before taking out 3080-3100
i expected a resistance at 3145-48 and we are just seeing that now the question is are we going to take some strength from 2995 number or we just going to hit the 3080 number in single run
today i took a hit on aussie -35 pips my pending re entry wasn't filled at 101 i just saw the prices above 190 my bad luck, by this i realizes that i am a trader with emotions fear greed and hope too, due to fear i wasn't able to take the trade at 110-115 my system was saying to go long and my fear said mr turmaz wait just a little more you will get 101 lol but no 101 its 191 turmaz you scary little trader
today i took a hit on aussie -35 pips my pending re entry wasn't filled at 101 i just saw the prices above 190 my bad luck, by this i realizes that i am a trader with emotions fear greed and hope too, due to fear i wasn't able to take the trade at 110-115 my system was saying to go long and my fear said mr turmaz wait just a little more you will get 101 lol but no 101 its 191 turmaz you scary little trader
but a compensation from fibre, i am a bad trader!
Don't be so hard on yourself. One bad trade does not make a "bad trader"! Remember there is always another trade!
Last edited by Gregory McLeod; 05-07-2012 at 07:34 AM.
Reason: trade
Trader, Gregory McLeod moderates the DailyFX Forum.
If you are a new user to the DailyFX Forum, or not sure where to get started, please go to: How To use the DailyFX Forum and Introduce Yourself! Section. I’ll introduce you to the community and point you in the right direction.
Please use the “Ask the expert” section to ask me trading questions or reply to me in this thread.
Webinar: Watch me Trade Live Tuesday, Wednesday, and Thursday at 5:30 ET/9:30 GMT inPip & Run Trading Room.
you are not a bad trader...maybe just having a bad day. happens to all of us. The greed and fear you mention can hinder and hurt. If your system was saying long, you need to trust it. If it does not work out consistently, then change your system.
European Election Relief Rally Could Continue as Long as Morning Lows Hold
European Election Relief Rally Could Continue as Long as Morning Lows Hold
Hello Traders! Alejandro is taking a much needed break during this UK holiday.
Look for European election relief rally to continue as long as 1.2950 level holds as support. A break below this level opens up a retest of the January 16th lows near 1.2633.
With the UK off for the May Day holiday, lighter trading volumes could create increased volatility, so take care and always trade with stops.
Trader, Gregory McLeod moderates the DailyFX Forum.
If you are a new user to the DailyFX Forum, or not sure where to get started, please go to: How To use the DailyFX Forum and Introduce Yourself! Section. I’ll introduce you to the community and point you in the right direction.
Please use the “Ask the expert” section to ask me trading questions or reply to me in this thread.
Webinar: Watch me Trade Live Tuesday, Wednesday, and Thursday at 5:30 ET/9:30 GMT inPip & Run Trading Room.
'like'
(my computer won't let me 'like', keeps saying i'm not logged in when i am! useless old thing!)
I used to have that problem too. I think I 'accidentally' solved it by ticking the 'Remember me' box when I log in. This website seems to have undergone some tech changes from a couple of years ago when I last used it.
Dollar index at perfect levels for shorting, EUR needs to make a daily close below 1.3 to confirm breakdown out of range. It also needs to close above 3054 signal a key reversal. A real signal for bulls would be a close above 3100 today.
I used to have that problem too. I think I 'accidentally' solved it by ticking the 'Remember me' box when I log in. This website seems to have undergone some tech changes from a couple of years ago when I last used it.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.