in my opinion today's drop was expected as a correction. Last weeks thur and fri trichets and NFP respectively has caused eurusd to shoot-up to overbought levels.

Price action has hit my tgt at 56390. As for tmr up or down we'll will have to observe a breakout beyond 1.5600, today's closing and low seem to reside around 56212, no proper bounce back up. Thus I'm skeptical that USD is done with its correction.

Back to the basics, i need to see a higher high at least above 5706 to turn bullish on the eur once again. but thats just me.

You'd be better off listening to Styker or analyse fxaprendiz's harmonic patterns to gain more direction. Ultimately, decision lies with you =)

Hi there...
Pattern or no pattern doesn’t matter. What matter is how the price is gravitating and which way it is inclining or declining to.
what i mean is simple...... I have been asked on where do I see the trend or where would it go, I simply reply back with my entry orders waiting mainly with occasionally posting charts... you see I’m a day trader, to me it don’t matter euro is going up or down and I don’t care. By the way i get paid is USD.. What matter is when euro or any other pair for that matter is rising I’m on the long side and vice versa. Players who are into trends and focused on longer term haul have huger stops and limits, something like as little as 2-300 pips to maybe 6-1000 pips........ For them it matters what is the trend and accordingly they position their trades.. Not me, I’m not there yet to be able to place such lavish stops or i don’t have such patience to be able to wait a huge storm out, cuz i know i would be washed out......
no one can guarantee you a winning trade, otherwise we all would be billionaire by now.
im not trying to discourage you but answer me this, would rather learn how to fish than wait for someone to give you one everyday....
There are so many tools you can apply for your trade, practice them and whatever suite your style embrace and put it to use......
Take some courses, and get discipline. Start practicing a demo, as you need to know the brutal fact of this game that is 90% of the ppl will lose their money and only a very small minority actually makes it..... if you want to be in that minority you need to start believing in yourself and YES no one forgets an EXPENSIVE lesson, i know cuz i haven’t...

Now coming back to your sole ?, if not sure on a trade, keep your S/L tight.. And after you are hit on a trade start reasoning your trade, I’m sure you will find quite an answer out there...

as for the trend, as long as we cannot close twice above 5850-70 we could easily be stone throw away to testing 5230-50 enroute to bigger threshold of 51**...... JIMO.................. this is what i read from the charts...........

AND yes,,,,,,,,,,,,,, best results on a trades are where you allow the price to meet your entries rather you jumping in between a no man's land..... so you need to know where you should enter a trade (long or short) and stop should be a friendly buddy accompanying your pending orders.....

GL..............

__________________
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...

hi Bibi,
nothing new on the charts as we all know where all supp resides from where we are, we just vame from there few days back..
anyways, 5610 and all the way below till 5540 is supp..... funny thing about fundies is that when they pop TL's dont matter.

Attached Files

Fiber.doc (282.0 KB, 127 views)

__________________
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...

Hardeek

Metatrader has the tools.......

Nice post Stryker! You explained that very well. For the most part Im a scalper also not so much a day trader like Stryker. Ill keep my stops tight like 5-10 pips max! If my trade goes the way I like, ill let it go for for 10 or 20 pips. Ill watch and see if what i use for indicators are still in my favor. If so then I let it ride. I dont usually panice any more when price starts to head the wrong way from there. My stops are tight anyway. What i will do is move my stop up to take a 5 pip or more proffit though after im up 20 pips. If Im up 50 or say 100 pips ill move my stop to just above a suport line that my be 30 or 40 pips proffit. If the trade is still good and doesnt stop me out there ill let it continue for as long as price is still in my favor moveing my stops up as nessesary. If your on the wrong side of a trade the faster you close out the better. Some times though your on the right side and dont know it! If your on the right side you will know very shortly! The direction will be swift in your favor. When price stalls for to long pay close atention and look at other familure trends with that pair to decite to get out or stay in. I feel your pain with stops smart guy! The trouble is lots of others have the same stops and that provides liquitity. If there big enough in that area they will hit them. If your stop is just a few retail traders there not going to go out of there way to hit your stop. On suport with the EUR 155.68 and lower to 154.14 would be good targets for a short but alternitly if oil and gold go up from hear a long position may start from here. Look at the trend on a 60 min and 15 and 5 min and 1min and decide what you think the action is and trade with the flow not against it.

Hello everyone; I'm new to this forum and I just want to post some info here; I trade on mutiple Charts, and I may be wrong; but for What Im looking at;

if the EURO hit 1.5603 the trend will go to second "support" that shall be1.5467 for a second trip before goes to the 1.59 area again. BUT:

As I said I trade in different Markets, if you see the GBP/USD is down, also the GBP/JPY is UP, the USD/JPY is UP and the EUR/GBP is Down. signals are coming for long on the EUR/USD, GBP/USD and EUR/GBP and for sale on the GBP/JPY, USD/JPY if at ASIA MARKET Pulls back for a ride to the 207 on the GBP/JPY and 105ish the EUR will gain power and the GBP will rise!

This is what I seen on charts, and my experience its not that much, I just been reading a lot.

Please any comment are welcome to learn more and make some money

My Jackclown Style chart

I can only see one way: the blue one

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Hi whipper,
Great point! I have very poor judgement on the entry point. I always get into the highest/lowest point and then the market starts going into the different direction as mine. Any suggestions for me?? Thanks.

It is when they are talking intervention when the market likes to put them to the test. We might see a run up to 1.6 this week.

Well, I am about 6 weeks old trading Forex. I usually lose a small amount each week,except for last week when I gained a whole 68 pips. My charts are conflicting. The USD Index chart is neutral to bearish;gold is neutral and looks like it wants to turn bullish;euro/usd is short term bullish along with usd/jpy;oil is still bullish.? So,with that being said, I entered a buy order on euro/usd at 1.5635 looking for 1.5784. All I can do is rely on my charts.

I think we just saw the intervention. Now for the market attempt to push back.

The central banks are at least getting smarter since they lost to Soros. Now they do it like a thief in the night after US closes and pre Japan open. See, we did learn something from Pearl Harbor regarding pre-dawn attacks.

shorts from 5839 liquidated (last one) at 5570.. single long in from 5570 with tight s/l at 5558... time to hit the sack and off to sleep.... limit is open, incase the whole thing reverses....
had few more shorts from 5640 taken nefore the fed spoke also out at 5570..

GL AL ....

__________________
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...

Perhaps you are attempting to digest a lot of information....

Consider learning to trade one security, with one or two time frames, and using only one setup until you master it...

I have more than a couple years of experience and all of the information you are using is confusing to me...

Master your setup.... Master your self....!

There is no need for you to have so much information..... learn how to use an indicator or two. master the setup. and then you will make money.. If you are all over the place..... you may as well just give your account to the broker and play golf...

You can be very sure that Stryker and dennis and the others know exactly the setup they are looking for and that they use the same ones over and over and over

Was it that he said energy prices add to inflation risks?

EURUSD 15 minute

200 Trend Line Break

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