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MidasFX replied Feb 24, 2012If anyone was wondering what this little drop was in A/U ... News blip ~ 0611 GMT [Dow Jones] The AUD/USD and EUR/USD fall slightly after Fitch Ratings downgrades three major Australian banks --Commonwealth Bank of Australia (CBA.AU), National ...
EURUSD
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MidasFX replied Feb 23, 2012anyone playing the range break out ? Favoring longs as its trend following. Long above 1.3380 target 10/15/X pips ( roughly height of the box ) Short below 1.3360 target 10/20/X pips Stops would be the opposite order, caution of the light euro news ...
EURUSD
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MidasFX replied Feb 20, 2012Traders have been filing gaps for almost a century, to say that it is hogwash is nonsense. Every gap will get filled eventually.
EURUSD
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MidasFX replied Feb 19, 2012On Sunday eur/usd tends to get exhausted once it gets close to a 100 pip move. Or so I recall.
EURUSD
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MidasFX replied Feb 14, 2012Rumors? — if anyone cares to know, i just read a report that says many sellers are lurking up in the 1.3200-3240 area with targets below 1.3050. Heavy news today in Europe, best to trade carefully, this could turn out to be a total shit show ...
EURUSD
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MidasFX replied Feb 14, 2012scalping doesnt mean you only go for 2-5 pips. scalping means to take a chunk out of the overall move. so if your scalping on a 5 min chart , yes your TP might be 5-10 pips, but if you trade a 1hr/4hr chart setup your TP might be +100 pips. it is ...
EURUSD
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MidasFX replied Feb 14, 2012i tried an EA once, back in 2006, It was called " Firebird" it was the precursor to the famous " Phoenix " EA system that won the MT4 championship. Did great for about 1 month then the cycles changes in the market place and blew up my account. Never ...
EURUSD
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MidasFX replied Feb 14, 2012i think i read somewhere that it takes $100 million to move this market a few pips ( x < 5 ) , but that was also a few years ago
EURUSD
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MidasFX replied Feb 14, 2012i sent you a private message , hopefully that can help you. if you ever have any questions feel free to ask me. trading break outs during the European market work great because most of the time you can catch the start of a trend here.
EURUSD
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MidasFX replied Feb 14, 2012it was excellent, i set a entry order at the initial break out entry for a 2nd attempt at the shorts with a small tp of 10 pips, and i already entered and exited again. to me, this was a text book break out setup for the frankie open initial break ...
EURUSD
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MidasFX replied Feb 14, 2012everyone should watch out for the ol' frankie fake out, this push down might go back up to hit all your stops, and then continue back down. best to not take any trades right before open.
EURUSD
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MidasFX replied Feb 14, 2012well, i got triggered in short on the pair. already hit my TP , was in and out in less then 5 mins image
EURUSD
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MidasFX replied Feb 14, 2012if this was during the NY session or even the middle of asian session, i would be patiently waiting for my short signal as prices are under the MA's and we got downward pressure on the pair. But, we have euro markets opening soon, and eur/jpy on the ...
EURUSD
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MidasFX replied Feb 14, 2012Took short earlier today — image +60 pips right now, close partial position and moved stop perhaps we may get 5500 area?

Cable Update (GBPUSD)
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MidasFX replied Feb 13, 2012atm im only looking for shorts 1hr chart - price is under the 50period sma
EURUSD
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MidasFX replied Feb 10, 2012I guess I should find some relief that I'm not the only one who scoped out the H&S pattern. ~~ FXstreet.com (Barcelona) - Investors should be aware of the Head and Should pattern completed in the EUR/JPY, signaling further strength in the single ...
EURUSD
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MidasFX replied Feb 9, 2012We are above my MA's, so I'm only looking for longs unless we take a significant drop and close below. I always judge whether I will go long or short by checking if price is above or below my MA's. the more time frames that coincide with price ...
EURUSD
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MidasFX replied Feb 9, 2012Textbook break out trade, just booked a quick 13 pips ^_^ * as usual I always let a tiny lot, linger around to hit my next target level image
EURUSD
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MidasFX replied Feb 8, 2012I am weary of taking any trades on euro or jpy pairs, damn fundies!
EURUSD