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- PhorPhunn replied Mar 20, 2008
I was short from 5450 and just closed... going to sleep, but wouldn't be surprised if it continued downward. However, it is temporarily supported at the same resistance levels of 03/07 - 11. Who knows if it will bounce back or push thru...
EURUSD
- PhorPhunn replied Mar 20, 2008
I have noticed the same thing with FXclub in the last couple of days. It's almost as if they are trying to predict direction, and it is crippling my ability to find those "perfect trades" where MetaTrader takes off and Rumus (FXclub) lags by 1-2 ...
EURUSD
- PhorPhunn replied Mar 19, 2008
My secret is to use all available resources to get a more rounded idea of the market's direction, as well as good old intuition telling me "GO!"..... This forum, and this thread in particular, have been highly beneficial to my viewpoints on EU. ...
The secret for trading
- PhorPhunn replied Mar 19, 2008
I agree with earlier statements that we will most likely be range trading for the rest of the week. We just have to establish the ranges first, which may go from 5620 - 5900. Just one more prediction for this unpredictable EU...
EURUSD
- PhorPhunn replied Mar 18, 2008
I know I plan on a refi now that Interest Rates are lower... I've been waiting for this latest drop before my rates start adjusting in June. At any rate, I've got 20% extra in my account today, so I'm done for now. Have fun, and happy trading.
EURUSD
- PhorPhunn replied Mar 17, 2008
Evidently, my expectations for volatility were a little skewed. This 200 pip up/down movement has been extremely common for the last several weeks, at least the up movements. With the US news today, I was hoping for a little retrace of EU, but no ...
EURUSD
- PhorPhunn replied Mar 17, 2008
lol... My thoughts exactly. Seems rather dead for the TIC news release.
EURUSD
- PhorPhunn replied Mar 12, 2008
Looks like there is some decent resistance at that level, but if we push through I could see it heading towards 56 - 565...
EURUSD
- PhorPhunn replied Mar 12, 2008
I am concerned that the markets have mostly factored in a 50-75bps cut for next week's USD Interest Rate Announcement, and yesterday it looked like they were taking heed to the Fed's latest move. So perhaps that was just an indicator that EU has ...
EURUSD
- PhorPhunn replied Mar 7, 2008
This may be a logical resistance now, but who said anything about EU being logical??? lol I am looking for the same thing, though. Hopefully will not get caught in a trap.
EURUSD
- PhorPhunn replied Mar 5, 2008
MetaTrader??? — Does anyone here use MetaTrader from MetaQuotes? I have had connection issues since last night and was wondering if anyone else had the same issue? I primarily use this app for advanced charting via a demo account. Any input ...
EURUSD
- PhorPhunn replied Mar 5, 2008
Still feeling some resistance at 5237 level. I wonder how far up we'll go if this is penetrated? Especially with the news out today...
EURUSD
- PhorPhunn replied Mar 4, 2008
I'm just worried that if 5187 is reached, then it may continue dipping down to 5150 area and I would lose pips on s/l.
EURUSD
- PhorPhunn replied Mar 4, 2008
we've been bouncing off of these levels for 8 or 9 hours now... which is good for your case. But look at how small the bounces have gotten. I am actually hoping to see at least a small break thru this level, possibly to the 5175 area. Just my one ...
EURUSD
- PhorPhunn replied Mar 4, 2008
Not bad... I've found in my own trials that conservative scalping can be far more profitable than attempting to predict a triangle, wave pattern, diamond, trend, etc. I like to call it quits after 3-5 pips everyday (usually takes 2-4 hours depending ...
EURUSD
- PhorPhunn replied Mar 4, 2008
Very Nice... I know the expectation for thursday's Interest Rate Announcement is steady at 4%, but could you imagine what would happen if it was dropped 25 or 50 bps? Not that it will happen, but with all of the vocal warnings from ECB members this ...
EURUSD
- PhorPhunn replied Mar 4, 2008
SS #2 !!! mmmmmmmmm I know my HG has caused a few missteps, as well. At least it was still a profitable position, even though you may have missed some. I read somewhere (not sure where) that, "Not taking a profit is better than losing." In this ...
EURUSD
- PhorPhunn replied Mar 4, 2008
So let's get... to the point... let's roll... another jooooiiiiint...
That USD is far too weak to sustain any type of retrace in EU... Thanks Bernanke!EURUSD