guys im getting screwed on the euro/usd its going different ways than what the analysis is saying, and now all of a sudden im hearing it might reach 1.48 or something like that, what do u guys think im very close to losing my account, with pretty much alot of my money in there, btw please no useless advice like u should have been more careful or etc. just give me some technical advice on what moves in the future this pair will make. If it goes above 1.54 without going under 1.5 than i can make it other than that im in trouble, thanks in advance for the advice guys
The USD has broken resistance so hard that technical analysis is useless at this point until things settle back down again. Every pair with USD is doing this, not just the EURUSD. I imagine pretty much anyone who uses purely technical analysis really got smacked around this week… I know I sure did.
In every pair there are certain important levels that are important, when reveiwing the chart you will be able to pick these levels out, keep those level in mind when ever going into a trade.
good luck
Sorry to hear it. 
It just bounced off 1st fib extension on daily, if it goes below 5100 it could go to 4800 area which is next level. That’s my newbie viewpoint (disclaimer;))
Ouch. You know what they say “Cut your losses let your winners run”. At least it doesn’t have to go much further for you to decide.
Yarco hit the nail on the head.
It may have already bottomed at 1.5048 but who knows? Expect support at 1.5000 (imp psychological level), and at 1.4968 ish (previous resistance).
But if 1.5 is when your account margins out, you’ll find out quite shortly one way or the other (market’s at 1.5060) - good luck.
close your order and place a new buy order at that level this way if the eur goes further down you dnt get margin called then if the eur climbs back you get in right where you left off hopefully to recoup your losses.
It’s punched through all the support levels and the trend looks to keep going down. I don’t think you’ll get it back to 1.54 before you lose your account.
Also, curious as to what analysis you were looking at that told you to go long. Everything I’m seeing says that baby was sinking. Bunch of us in the chatroom yesterday were getting our pockets filled with pips on the dollar movement.
im sry to ask that, but why did you risk whole account with just one trade?
I think it was Mr. Trichet’s speech last night that eventually did it. (before that, it had all kinds of bad news already)
However, If you look at the daily chart and use RSI, seems it is in the oversold area. So wait until you hear more bad things coming out for Euro, maybe it is time to buy 
? I really don’t know as I am just a brand new starter.
RSI, stochastics, MACD, etc are all lagging. While they are usefull indicators, they can also be useless at times, like in a huge slide like this IMO.
First you listend to analyist and not your own information. I think your screwed because I only see the dollar going down if oil prices go up. I think it will get to 1/$1.40. I suggest getting a system that indicates momentum and look out for noise break outs come after that. I suggest short the Gbp/Eur. The Euro doent have a chance on the pound
I disagree technical indicators tell you a get in get out. If you dont follow that you will get slammed. Fundamental trading is out on the floor Wishing to break even. In my system any stop is a sign of a reversal and the entry into the oppisite way. I scalp get in get out. Tue/Wed/Thur was very profitable to me I leveraged out to 30:1 on Wed/Thur and doubled and a halfed my account. The momentum for short was strong I couldnt but help to short it. I was in the trade for almost a day. Which is really long for me. When I technical trade I dont look at support/resistance levels Fib levels those are all market psych tools. I look at momentum, averages and events that affect immediate change.To me scalping in forex its about moving with the crowd and pickpocketing them. Scalping cant get any more technical thatn any other trading style.
I too did ok (as per my sig) it brought me out of my ‘attack of the stupids’ from last week – although just like the poor fellow here I’m trading very high leverage hence the very large swings on my account. Wensday I was a stones throw away from $100 – got exited and dropped myself back down to $75’ish… saw one decent trade took it and was just waiting for the momentum to die down – which is when I basically watch a smaller timeframe to see when it starts to get slugish…
Is there an indicator of some kind that can give me a number of momentum? somthing like RSI with one side being very good momentum and one being very bad? I think there is but don’t know if Oanda has it… Will use metatrader demo to see how it works if needed. If not, I’ll just eye ball it – been doing fairly good at judging how active the market is… I like a consistant and excited market to trade 
Good luck on the Euro/Dollar… It whooped me pretty good just got over licking my wounds and didnt want to risk it quite yet…
I use 2/SMA to guage momentum. the further its is away from my 5/EMA the more momentum. when the 2SMA bends or starts to go flat(not in the direction of your trade) the trend is starting to lose momentum. Its not a cut and dry indicator. From my experience it works the best and is great for a break out indicator. When i scalp I use only 5,10/EMA and 2SMA. Wait for a clear cross and enter a trade. As soon as it loses momentum I scrap it. Back test it and you will see how well it works. Works on most time frames doesnt work well on day charts. Well at least for me it does.
one advice…stay out of the market. why u want to keep trading if you are so close to blow your account?..wait for the neex week, hopefully there will be many opportunities to make good trades…