ok so it’s time to head off up to bed. I’ve left a BUY order going to buy EU @ 1-3871. Stop @ 1-3803 and Target 1-4032.
We’ll see if it gets triggered over night
Not entirely sure Niki, aren’t we supposed to follow prior trend and be selling ? Not sure to be honest, I think my mind went off on a tangent !!
Just cancelled that order. Decided to get a good night’s sleep for a change !!
We seem to be playing in a 75 pip range for the last ay of EU. Raised account 6% through this but lack of belief in it had me down 3% at one point.
Still not very confident in it, looking for a firm long term decision but I doubt we’ll get that ahhead of summit ending tomorrow
It’s funny to me how I have a habit of making statements like the one above, and then as soon as I hit the “Reply” button, everything changes. EU just dipped to approx 1-3850 just after NY open. Price up and down like a yo-yo just now
Pre-summit jitters and a very twitchy market I suppose. I’ve just scalped the ranges today looking for 20-30 pips wherever I can grab them.
Scalping the 35 pip range just now. 2% increase in balance just now but getting close to the point to stand back and wait to see what happens elsewhere
I was just trying to watch out for what the video talked about. But to be honest I dont know what was that pattern suppose to do, reverse or continue.
Just watching and trying to add more to what I know. Direction at the Support and Resistance level is my next area of improvement.
The guy who writes the Professional Mentor thread on this forum uses this technique and has video links to how he works it and explains it quite well. I quite enjoy watching them but would need to test it out before I employed it.
By the way when is the European economic bureaucratic tea party coming to an end? The markets are ranging badly and we need to make some pips for the week!.
They might itself just give Greece the money they spending over the week, salary and all.
GMT+1 19:15 is the beginning, and it can end arround the midnight.
HoG: What size do you open? And how you choose your LOT size, when you open a position?
Nikitafx: i did a new thread here, with a couple of my technical analysis.can i copy the link here? you can check it, they’re only a few trading ideas. Do it only on your own risk!
If it ends, the next is quick around the corner. Endless meetings about how to beat the market. They don’t know yet that the market can’t be beaten.
Well, my bot made 60 pips today with a long. Just recovery of my other bots losses though, lol. Plus I had some losses by hand. So, no “BiBaBo” today. Albeit glad my bots are doing well. Much better than I do, lol.
If I look at my indis, it could go way higher, though. It seems the bulls are back. I got my losses because I thought it were a true range, but it’s a range with a strong bullish background. Pullbacks will be there, but it broke out often to the top this week.
Well, as my bot made a profit today I will just relax now and watch.
You and all others have fun!
WHHoooaaaaaaa ForexclubUSA, I am a patron of the Traders Arms just like you buddy. You got to ask Hog for permission, which I believe he did give to you a couple of posts back.
Other than that you are welcome at my spot under the bridge also. Anything for a few pips!
All right!
this is the link: http://forums.babypips.com/newbie-island/41236-daily-technical-analysis.html
They’re only a few trading ideas.
huge reversal… 150 pips in the bag… 
patience pays…
First of all I’ll cut a brief trading career even shorter to get you up to speed just in case you haven’t read the thread>
I opened a micro account around May with $400. Tanked it down to $43 in olympic record breaking time. Got it back up to a high of $151 then back down to sub $100. Currently back up to around $105 due to a bit of scalping, which I hate, but seem to be better at than intra-day, or long term trading…
So, lot size. Standard price for 1 lot in micro is 10 cents. Due to the size of my account, I only trade 1 lot. Trading bigger lots was part of the reason I blew so much at the start. Well, that and the fact I didn’t have a clue what I was doing !!
As for posting links, feel absolutely free. No territorial issues here. As long as everybody is fully clothed, I don’t mind what the links are LOL !!
Just came back in from getting kids from school to find the reversal. Thought the Europeans had announced they where just pissing about in Brussels and didn’t have a clue how to really solve the problem. But I guess that announcement is still a couple of hours away !!
I reckon they’ll say they’re going to strengthen EFSF, recapitalize banks, paint the Eifel Tower pink and erect a massive statue of Mickey Mouse in the centre of Berlin. But they won’t have the EXACT details of how they’re going to do this for another month or two. Q’uel Surprise !!
:D:D that is why I just closed all my shorts… they are clueless… so any piece of rumor can drive the price up … we are approaching the point of no return for Euro’s debt problem…:33:
Congrats for that one. Well done!
Oh my, I knew it would break down, did I, lol?
Seriously, it’s way overbought on the daily and at a beta 2. But who knows … Actually its bouncing off Weekly Pivot.
HoG, those news are sometimes just triggers. They can ignite a move what is already due via a technical view of the market. A news itself does not change anything what smart money doesn’t know already.
However. The ecb increased the interest rate a while ago and that means it still has a bullish long term bias against the usd as long as their interest rate is that low. Imho the reason that it stood that long in the overbought section while it was due for a correction.
Just wondering what the press babblers will come up with to explain that move down, lol.
I guess the rest of today will be all about watching the news and drinking coffee then ? And just in case anyone is unsure, that’s US I’m talking about, not the European leaders. Though that may be debatable !!