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- BFSGcapital replied May 30, 2012
This is why I use talking forex. I would have otherwise had no idea why this happened. They have so many announcements that come out that aren't on the FF calendar. Not to mention the random announcements or speakers.
EurAnalysis
- BFSGcapital replied May 30, 2012
Hmm, I don't know if I have traded any of those so I don't know. When is the next one? I'll watch. But when big money and dealers are panicking and placing their large orders, you can be sure you don't get filled for a while.
EurAnalysis
- BFSGcapital replied May 30, 2012
Ouch. Well at least lesson learned, huh? I learned a while ago too. Trading NFP kills accounts, unless you are not using any leverage.
EurAnalysis
- BFSGcapital replied May 30, 2012
I would love to know a broker that offers 0.2 pip spread + $4 commission on a 1 lot (0.6 effective spread) and doesn't hold your orders for 10 seconds every time you try and scalp. Seriously, I'm very interested to know, as I'm in the process of ...
EurAnalysis
- BFSGcapital replied May 30, 2012
wow, nice spreads... unless your commission is like $10-$15 per 1 lot.
EurAnalysis
- BFSGcapital replied May 30, 2012
yes trendlines are a lovely place to short. looks like down trend from 2570 was hit within 5 pips or so before continuing down, just like it was at 1.2620 (although this is the default trendline from 1.328, the blue line is newly adjusted channel ...
EurAnalysis
- BFSGcapital replied May 29, 2012
Well you already missed todays move. So wait for a retrace and try again. You just cannot sell when the market is near support 1.25 and has already moved down 70 pips for the day. I was cautious even shorting at 2570 because it's not exactly a very ...
EurAnalysis
- BFSGcapital replied May 29, 2012
don't like to call bottoms but seems like a clear thud being made around 1.25 yet again (i mean it could be todays bottom yet again as it has been the past few days). We also seem oversold, but perhaps europe is too weak for any sort of retracement ...
EurAnalysis
- BFSGcapital replied May 29, 2012
Very true. I just learned this recently. If I take 25-50% profit even, it helps me feel okay letting the rest ride
EurAnalysis
- BFSGcapital replied May 29, 2012
european dollar vs united states dollar exchange rate, 4hr time frame
EurAnalysis
- BFSGcapital replied May 29, 2012
a) its the euro b) was forming head and shoulders before germany cpi was released c) bad germany cpi edit: forgot d d) it's london beatdown hours (2-4 hours after London open is typical)
EURUSD
- BFSGcapital replied May 29, 2012
i only would trade the ends of the ranges with tight stops (like 20 pip), no clear direction because we are near crucial support (1.25) AND crucial news is coming out over the couple weeks-month. so it seems likely we don't do much until mid June ...
EURUSD
- BFSGcapital replied May 29, 2012
62 is tough, i love when you watch PA so often that you can get a "feel" for the price magnets. i'm seeing a break of 45 as much more likely now that 62 keeps failing plus, looking head and shoulders ish
EURUSD
- BFSGcapital replied May 29, 2012
thank u i'm not so sure about that (at least today) which is why i closed. hovering around daily pivot now, so we'll see soon enough i'm thinking the bear is too strong for any real retracement (we already got it from 1.26 to 1.282), instead it ...
EURUSD