am a fresh new trader in forex, and am going crazy!!! i don't know what position to take, and no indicator is helping !!! grrrrr
Sit back relax and have fun......... When in doubt, be a benchwarmer rather becoming cattle fodder for the mkt to feed upon.. Making charity should be a Better option than been a fodder..
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...
EUR/USD is trading lower and lower and is now testing the 1.2975-1.30 area which is long term support. We are also trading close to S2 which tells us that price is fairly oversold over a 24 hour window. I therefore expect price to retrace to the 1.3075-1.3100 area before traders will consider going short if not short already. The 1.3075-1.3100 area is a 38.2% correction of the latest decline and where we find the next level of horizontal resistance.
Only if we trade under 1.2975 will I rule out this correction - because a breakout below 1.2975 would constitute a bearish breakout which would open for a further drop to 1.2930 and 1.2875 over the coming sessions.
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EUR/USD 60 min chart
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EJ setup..................... 103.80ish.. however if it comes to 2motro perhaps as low as 103.55-65
DX up north strike possibly ends at 10010 for today..
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...
Well i guess this is what am gonna do!! althought am not sure i can control my adrenaline, u know the start excitement and all :!!!
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Important Economic Announcements for the Week of April 16th
Hello Traders,
I hope you have had a great weekend. After a past week of Risk Aversion, could we see a rebound this week. Sometimes the US equity markets rebound after the US Tax day (April 15th). We will see if we see a repeat of history.
Here are a list of important global economic releases that you should be aware of.
Trader, Gregory McLeod moderates the DailyFX Forum.
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been scalping longs off bottom as 4 hr indies were in the sand.
chart showing 5 min breakout on wedge also trading for tgt 3030 and possibly 3050.
executed on entries via 1 min
need to see if i can reach 3030 tgt for now
been scalping longs off bottom as 4 hr indies were in the sand.
chart showing 5 min breakout on wedge also trading for tgt 3030 and possibly 3050.
executed on entries via 1 min
need to see if i can reach 3030 tgt for now
Master scalper at its best........... Wham Bam thank you maa'm....
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...
In long here with 50% (rest is for fading in case I am early,which I usually am).
I have a MyWave11, divergence on MACD and the daily and weekly pivot are 100 pips above. I'll take my chances here.
Have moved stop to breakeven here at 1.3015 - got all the technicals I wanted for a move up but so far, timid. Keeping fingers crossed for an early day!
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Originally Posted by monalisa 
