Stryker regarding to your 8H chart on EU, I don't think that we'll see 1.2700 area unless Greece will be thrown out from eurozone (unlikely this month) so I'm betting on a move up from 1.2860 (and 1.2810 as ultimate extended - blue line) with 1.2950 as a first target
Also 1.2860 coincide with 10.047 DX which was the 5 april max
Here's a 8H chart
PS: Tnx chaudry for ur prompt answer and sorry for my late one
still in a range no break out either side, london session coming to an end but prices are still under 2960/62 number.
the question arises are we going to make a strong support here or strong resistance for future
for now the range is "2946-2913"
earlier was 2970-2936
and now we are trading in lower range
Keep it simple. Simple time-tested methods that are
well executed will beat fancy complicated methods every time.
trade safe!
hello trader happy new week!
bought 2886 tp 2940
sl 2869
TP is on the basis that i expect prices should come to the last trade range upper level that is 2946
hope you all have a great and profitable week ahead
trade safes mates!
I thought my demo account had expired over the weekend; couldn't log in, turned out it was just FXCM in a maintenance state while markets were down. I had meant to save the data. It is just doing so awesomely of late, hope I can keep it up.
One of the uk's most successful restaurateurs was on telly at the weekend. He reacons that to be successful in his business he should always try and look at it through the eyes of his customers and not get stuck in the rut of his own ego.
I suppose trading is similar. We should try and make money from what the market is doing rather than trying to make money from what we think it should be doing.
good analysis is easy
making money from your analysis is a whole new ball game
One of the uk's most successful restaurateurs was on telly at the weekend. He reacons that to be successful in his business he should always try and look at it through the eyes of his customers and not get stuck in the rut of his own ego.
I suppose trading is similar. We should try and make money from what the market is doing rather than trying to make money from what we think it should be doing.
Henry Ford is quoted as saying that if he had given his customers what they had originally wanted, they would have all had faster horses!! Making money is what we are trying to do - as long as you have a successful trading plan and trade it to your financial and emotional satisfaction, why knock the ego? What is left of mine at 43, I am trying to cherish!!
Good luck out there everyone and remember there are very few winners - let us at least be in that group.
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Henry Ford is quoted as saying that if he had given his customers what they had originally wanted, they would have all had faster horses!! Making money is what we are trying to do - as long as you have a successful trading plan and trade it to your financial and emotional satisfaction, why knock the ego? What is left of mine at 43, I am trying to cherish!!
Good luck out there everyone and remember there are very few winners - let us at least be in that group.
just goes to show successful people can be right while contradicting each other - no absolute 'right' then
good analysis is easy
making money from your analysis is a whole new ball game
bought 2886 tp 2940
sl 2869
TP is on the basis that i expect prices should come to the last trade range upper level that is 2946
hope you all have a great and profitable week ahead
trade safes mates!
i expect at least 63/65 pip move to the upside but before that 2909/10 is a barrier/resistance, i am very less likely to see prices go down below 2878 but nothing is guaranteed
trade safe
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Originally Posted by turmaz 
