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Realities of Forex Investment
fxtech
#611 Posted : Thursday, January 13, 2011 9:29:06 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@hisah oooh sori,

EURUSD watching 1.3400 for possible reversals, hopefully,

NZDUSD Trade on track



Discipline & sticking to your strategy even when you loosing defines great traders.
qw25041985
#612 Posted : Thursday, January 13, 2011 9:39:00 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
Hahah. who want to short the euro.....please listen to Mr.Market and let him tel you where he's goin.....bagged 150 or so pips on that eur/usd bull ran....i am of the opinion the price needs to take a break and that i'll be during asian sesion...
cable did me proud also today...
@ fxtech . i hope you bagged all those pips . Damn those Chinesse and Japanesse mean business
Your future depends on your dreams so go to sleep !
fxtech
#613 Posted : Friday, January 14, 2011 8:20:38 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
EURUSD & GBPUSD is the BULLISH momentum wearing out? Only the market prices will tell

@qw gud to hear u ans ur qxn of ' whn did the EUR make 120 pips, n asked me to stop lies'
Discipline & sticking to your strategy even when you loosing defines great traders.
qw25041985
#614 Posted : Friday, January 14, 2011 8:27:23 AM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@ fxtech . at time you do lie ...by finding trends in ranging markets....Asian markets closed low so did U.S markets ( as a matter of fact all indices)....i believe we will see a correction soon....
Momentum will be put to check today....if s&p 500 reverses coz it over due we shld see a huge fall in risk appetite....
Your future depends on your dreams so go to sleep !
The Merchant
#615 Posted : Friday, January 14, 2011 9:49:51 AM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
My Ichimoku clouds did a good job predicting the bull run. However I stayed out to avoid event risk. I now eagerly await a signal as the prices are trading way above the cloud. We are trading wave 3 of the Elliot wave and I expect wave 4 correction, then a wave 5 bull run and only then would I consider shorting the Euro (if my other indicators allow it). I trade evenings so I will let you know what I do in the mornings or in the evening. Keep tuned. Thank you.
Ceinz
#616 Posted : Friday, January 14, 2011 10:53:59 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Bagged 20 pips on the euro (Minus the spread). Entered @1.3373 and TP hit at a 1.3393. I love trading the news. Next opportunity @ 12.30 on the cable, PPI Report.

In the same note I would like to invite a friendly debate on Technical Vs Funamental trading. My belief is that a good trading style should be biased on fundamentals.
“small step for man”
Ceinz
#617 Posted : Friday, January 14, 2011 11:26:43 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Shud have let the profits run. So far euro 50 pips up from my TP.
“small step for man”
kasheshe
#618 Posted : Friday, January 14, 2011 11:29:12 AM
Rank: New-farer

Joined: 8/6/2010
Posts: 26
Ceinz wrote:
Bagged 20 pips on the euro (Minus the spread). Entered @1.3373 and TP hit at a 1.3393. I love trading the news. Next opportunity @ 12.30 on the cable, PPI Report.

In the same note I would like to invite a friendly debate on Technical Vs Funamental trading. My belief is that a good trading style should be biased on fundamentals.



A good trader should be able to use both technical and fundamental. A good mix of both should yield more successful trades than use of either. I think there are signals you may never see in fundamental news that you will always see in technical and vice versa.
Ceinz
#619 Posted : Friday, January 14, 2011 11:33:01 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
kasheshe wrote:
Ceinz wrote:
Bagged 20 pips on the euro (Minus the spread). Entered @1.3373 and TP hit at a 1.3393. I love trading the news. Next opportunity @ 12.30 on the cable, PPI Report.

In the same note I would like to invite a friendly debate on Technical Vs Funamental trading. My belief is that a good trading style should be biased on fundamentals.



A good trader should be able to use both technical and fundamental. A good mix of both should yield more successful trades than use of either. I think there are signals you may never see in fundamental news that you will always see in technical and vice versa.


Good observation, Kasheshe.
“small step for man”
Ceinz
#620 Posted : Friday, January 14, 2011 1:02:39 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Just lost 50 pips on the cable. Price 1.5851 SL hit 1.5810. Truly the market gives n takes away.
“small step for man”
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