Trendline: ITS TIME TO SHORT EURNZD SELL STOP AT 1.5628 SL 1.5701 TP:1.5478 THIS IS JUST A TRADE RECOMMENDATION! CONSIDER YOUR MM FIRST.

I would hold of on that pair until 50MA on 1hr is convincily broken, the support that is formed is tested twice in addition to a retracement before any sell is considered. but this also depends on your pip targets. i go for 100 pips at a time. patience.

omaojo1:

Oga how mkt

market is fine oh my man, i had to hedge my trade i remove the stoploss and place a sell orde just as it move 10pips against me so i sold and i am taking profit now @1.2505 and am buying IMM from 1.2505

@Toks2008, I'm still taking it that the sudden fall in EU is all about SL hunting. Well let's see what tomorrow holds, may the green pips alwayz fill our accounts.

Ogboraph: market is fine oh my man, i had to hedge my trade i remove the stoploss and place a sell orde just as it move 10pips against me so i sold and i am taking profit now @1.2505 and am buying IMM from 1.2505

At least others will learn smthng from here. Never allow ur sl to be hit in an abnormal mkt situatn, remove it and hedge the trade, take the profit of the hedge and allow your initial trade to recover. That is if the mkt respect your xpctatn o.

Pip things

JAkpayen: @Toks2008, I'm still taking it that the sudden fall in EU is all about SL hunting. Well let's see what tomorrow holds, may the green pips alwayz fill our accounts.

The dollar is only doing gragra, Ben will announce the need for stimulus tmrw and it will finally die. It has to gather strgth today so that the loss of it will result in more pips tmrw.

Pip things

omaojo1:

At least others will learn smthng from here. Never allow ur sl to be hit in an abnormal mkt situatn, remove it and hedge the trade, take the profit of the hedge and allow your initial trade to recover. That is if the mkt respect your xpctatn o.

Pip things

you realy have good brain and expirence in trading, that is what i do if i place an order on the overall trend direction

omaojo1:

The dollar is only doing gragra, Ben will announce the need for stimulus tmrw and it will finally die. It has to gather strgth today so that the loss of it will result in more pips tmrw.

Pip things

well, between now and 3pm, a lot of things may happen. especially during tokyo session. if you notice, that session has been bearish. i read on FF that the QE may not be announced tomorrow and market is expecting that.
http://www.reuters.com/article/2012/08/30/us-funds-asset-fed-idUSBRE87T0ZR20120830

JAkpayen: @Toks2008, I'm still taking it that the sudden fall in EU is all about SL hunting. Well let's see what tomorrow holds, may the green pips alwayz fill our accounts.

I remember writing this before the break out happened[b] "In Forex trading, its not just about knowing where a trend is heading and placing crazy lot. Random motion is every traders nightmare and this usually happens 90% of the time. So please use good mm at all times because smooth price movement is never guaranteed."[/b]

if selling euro please relax,this pullback is necessary for a lower low to form and euro still looks good to test 12430 so relac your nerves as we may see res 12518/12525 putting the bears back in dominance

chart pattern analysis for EUR/CAD on the daily.
just went short at 1.2407 sl.2460 see chart attached for my exit point

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

Just readjusted my tp for this trade to .2280

Good Morning FX Lords, today is Friday and lets take a little look at what we have today, not much high impact news except for Bernake's speech which is known worldwide giving traders worldwide one of two things, 1) double accounts 2) margin call , Been on fundamental overnight, so i have done my homework have you done yours

Next week is even going to have enought catalyst
the USDCAD GDP M/M will only have meaning if the normal forecast is changed aside that the largest it can move is 10 ppips

just went short on EUR/AUD
this pair has been on a free fall since 2009.there seems to be no end to its downfall.
price has been experiencing a pullback for 3wks now. 1.2160 resistance seems to be standing as a road block
The overall trend is south so i'm not trading against it. i see price heading south from this level.
macd divergence on the 1hr and 4hr at a critical level says it all.
my entry 1.2146 sl .2180. No TP for now. I see it retesting 1.1600 support
i'll open more positions as price breaks trendlines on the lower time frame.

There is no guarantee price will just do according to my analysis. let's see how it goes

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

some trendlines i drew this morning and spotted some cool trades i would have entered yesterday

frenchman2: Just readjusted my tp for this trade to .2280

Frenchman what do you understand about that picture below there, did my homework while doing my Night Research , just wanted you to take a look at it and see if you can understand it too

rozayx5:

Frenchman what do you understand about that picture below there, did my homework while doing my Night Research , just wanted you to take a look at it and see if you can understand it too

my own drawing too on GU

rozayx5:

Frenchman what do you understand about that picture below there, did my homework while doing my Night Research , just wanted you to take a look at it and see if you can understand it too

below is more from the author

rozayx5:

my own drawing too on GU

yesterdays trade was a long trade 40 pips total and 20 from the first resistance

rozayx5: some trendlines i drew this morning and spotted some cool trades i would have entered yesterday

Read more on trendline here n i think you can draw it better than that, trendlinebook.com

and finally a short trade on EU today already in pips for the author
just will be applying in partnership with my system to make it even stronger, thats what i research for these days AMMUNITION

i tried getting some pix from my no indicator chart with only tl and fibs but not working out, i would v love to attach one but i will keep trying

infofirst:

Read more on trendline here n i think you can draw it better than that, trendlinebook.com

thanks

My 2 cents. i think it is dangerous to draw a trendline without it's history. meaning what happened with price, like yesterday, was there divergence?

Uhmmmm i am looking for where to enter EU and GU short, also waiting to see if EJ and UJ is going to bounce up so that i can enter my trades for today.

Toks2008:
if selling euro please relax,this pullback is necessary for a lower low to form and euro still looks good to test 12430 so relax your nerves as we may see res 12518/12525 putting the bears back in dominance

We saw how res 12518 pushed the bears back in motion. Nevertheless traders are still expected to wait and sell euro as we are still likely to see a bearish voyage to supp 12465/12430. Trade with care and use good money management which remains the only way to making consistent and sustainable profits in this risky business.

Happy pipping

erniok:
bros toks, i'll still wait make i see wetin fed chairman go talk tomorrow. im talk fit resurrect EU.

Today is Bernake speech Lol!

Berbnake or no bernake, i see euro crashing down more to supp 12460/12340 so the best thing bernake speeach can do is to move price down swiftly in that direction. News release is a catalyst for established trend movement.

ARE YOU IN NEED OF TRADING WEAPONS YOU CAN VISIT MY ARMOURY

http://www.forexstrategiesresources.com/metatrader-indicator-mt4/

Some extracts below
Was just researching as usual and came acroos this
funny but food for thought

@Rosco, wow!!!! Thats an amazing collection of indicators you've got in ur arsenal! Thanks for sharing!! Thats d spirit we're talking about!

case study: @Rosco, wow!!!! Thats an amazing collection of indicators you've got in ur arsenal! Thanks for sharing!! Thats d spirit we're talking about!

been noticing that my username is giving people typographical errors here, think i will change it soon
New Username more New Pips in a new quarter

Well just got to the Armoury today to bring out another weapon and it is passing all the simulator tests and now an experimental live trade, hmmmmmmmmmmmmmmm
hope piplocker does not stop me out
Research pays

Get the full version of EA BOSS ROBOT for Forex trading and maximize your profit. It is very affordable for loadites. Contact me if you are interested.

rozayx5:

my own drawing too on GU

trend lines are powerful...but more effective on higher time frames (4hr,daily...)

dungar4: Get the full version of EA BOSS ROBOT for Forex trading and maximize your profit. It is very affordable for loadites. Contact me if you are interested.

Wrong thread please
Check the Foot ball betting thread, they love such things there, you can even suggest a football betting robot for them