of course this is just an observation, subject to change

EurAnalysis

for the past 3 yrs approx we have been trading from 1.60 to 1.20 with lower highs and lower lows, last three peaks at 1.6037, 1.5143, and 1.4939 last two low's 1.2328, 1.1876, looks like we are on our way down to hit below 1.20 by december 2012 or ...

EurAnalysis

you want to hear a good probability scenario today is the first day of December, open price of the month 1.34414 august low was 1.3145 novermbers low was 1.3211 if we are in a bear market most likely we break below 1.3211, and trade below 1.30's ...

EurAnalysis

dont fight the bull trend if you are a day trader, just keep buying. keep in mind we are in a bear market and when this thing loses momentum position to sell. you could lose money by holding the right belief at the wrong time.

EurAnalysis

equities rallied, and the euro seems to be heading up on "good" news that Central banks have found ways to kick the can down the road further Last time i checked it, cheap money has not solved the world's problems so far, so lets keep trying to find ...

EurAnalysis

yeah, he suffered from severe depression which made him self destructive, he himself admitted to that. "if i could only stick to my methods" he would have been the greatest of all time, he had the need to blow himself to pieces for some reason. at ...

Technical Analysis Fallacy

well "he went broke" seems like trying to discredit the guy, is like saying Joe louis lost to marciano i find his ideas on trading incredibly full of knowledge. i admire the guy, and you got to admit he was one of the greats, kinda like buffet. not ...

Technical Analysis Fallacy

he was suffering from depression as far as i know but mental issues aside, he was a greater trader than ANYONE here on this forum (i mean the entire Forex Factory) could ever aspire to be. one of the greatest of all time

Technical Analysis Fallacy

not at all, just running some mathematical risk assessment, and by no means am i saying that one MUST ALWAYS put a stop loss, i think it all depends on market conditions, commitment of capital to such position and how far in loss we have allowed our ...

Technical Analysis Fallacy

looks like the cocoa guy was trying to rescue, and got killed, that is why i normally try not to do stupid things like that anymore, if i find it better to make less money than lose more money. so i use the livermore strategy better, add to a ...

Technical Analysis Fallacy

26

How old are you, trader?

i dont think this is a Euro related move, i held my long due to devaluation of the USD across the board, whats going on with the FED?

EurAnalysis

wow i'm really surprised by this move, i'm deep in profit and seems like i will let it run till it stops protected it with a stop loss just below 1.3380, im long since 1.3328, i predicted an appreciation of the Euro but i got to admit God is ...

EurAnalysis

probably right move, im a day trader so i attempt to catch the daily move in relation to the current wave, by using tick,5 min, and hourly charts with reference points

EurAnalysis

NY and Asian equities are up and yields are up, we can expect risk on. all this news are already priced in, doesnt mean we should ignore FA, trading ignoring FA, is like putting a blind fold on, we will go smash our heads in a wall. but i believe ...

EurAnalysis

well i took 50pip profit already, but around this time i usually close positions and stay out of the way till this correction is done. near future i see 1.3330sh offering some support, i dont like the forming double top on the hourly but i mostly ...

EurAnalysis

and you are probably right lol i trade the way it fits my brain

Illusion of Time(frames)

back to trading lol ....i was enjoying the post of aronward and ddd and others who posted a lot of interesting stuff here price does not travel in a straight line, and we could be right and lose money. as livermore said, sometimes our impatience can ...

EurAnalysis

you cannot trade ANY so call Time frames, independently, st=bt one is the result of the other, it's best to identify overall, and be aware of which phase of impulse or correction one is trading in relation to the overall picture, and the now will ...

Illusion of Time(frames)

this is how i see price, T = trend, via SMA of 20 (monthly) check via Monthly open reference point c= cycles through ABC, price pattern movement (acceleration, loss of momentum, correction) I= unpredictable variables SD= standard deviations AR= ...

Illusion of Time(frames)