Technical and fundamental analysis

Yesterday Euro/Usd

1.3858 High
1.3517 low

50% Fibonacci retrace is around recent support 1.3680

Tokyo Ends just now

Unemployment Claims and Trade Balance is major economical reports today


Got 20 pips in short when retrace from 23.6%, CB Leading Index m/m GBP news was the reason


Next is Asset Purchase Facility and Official Bank Rate for GBP, i hope 38.2% will work out

Buy 20 pips TP at 1.3590


My TP was declined from few pips away


But before GBP news spike hit my TP


Next report is CAD and USD Trade Balance and Unemployment Claims USD

Ny opened, next is CAD and USD news after 20 min, waiting for 50% retrace

Natural Gas Storage USD today last report then FOMC Member Evans Speaks and Fed Chairman Bernanke Speaks

Still EU around 38.2% waiting to reach at 50% to 61.8%


Hey lean what happened to your last thread? I’m assuming that…well I hate to twist the knife in but it’s a vindictive crowd out here…

I TOLD YOU SO!:59:

ahem

that account wiped out after 3rd time doubled, reason was Italy’s bond news (200 EMA), EU down 350 pips without retrace that changed my mind to take more time to Analise economy and technical in bigger time frame

now i deposited enough money but not 100% daily its limited safe with this “fundamental and technical” analysis.

Today Friday declined from 38.2% then return back to 23.6% staying here. i think we have to wait for London as usual market’s move to any side. London is owning more than 35% of currency market.


Sydney closed Frankfurt opened

French Bank Holiday, CANADA Bank Holiday, US Bank Holiday

Accounts don’t get wiped out because of Italy bonds, Greece, the NFP, or any other news.

Accounts get wiped out because they are overleveraged, or not using stops, or a combo of both.

well said :slight_smile:

Italy bond news time (200 EMA ) my account wiped out because i used “over leverage” and also didn’t use “SL”

So next time i will take care in type of news like Italy bond but still i use over leverage and don’t using SL

This is not revenge against currency but there is way cause there is will,

I didnt watch that 200 ema and 365 ema also i was not ready to close all trades after 30 min in Tokyo close, that was intraday price movement time. in my trading style i must use fundamental and technical analysis that doesn’t require SL or no matter with over leverage.

my personal opinion is SL in BE

Use SL and dont use over leverage if you are not 100%

Tokyo closed, waiting for GBP report PPI Input m/m within 30 min

again stuck in 38.2%, what will happen after GBP report?



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EUR/USD Pullback Continues; 1.3715 is Key Resistance � FXTimes – Forex News, Commentaries, Technical Analysis, Education, Live Events, and more!

I think today is the day for 61.8% in 1h chart, no big economical reports in this Monday but i expect some political news.


Back to 78.6% from 61.8% ? its 200EMA


London opened

New zigzag in 1h new Fibonacci Tokyo will close within 5 min


The EUR-USD Rollercoaster Goes Down As The Goldman Stop Losses Are Triggered | ZeroHedge

It was more than the Goldman stops.

They just happened to be in the way…

someone suggest me 10 to 40 pips range currency or stock pair to create EA based 1 min scalping

this is test in demo used RSI with SL