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- ptyforex replied Mar 24, 2015
My point is if I take a position based on a title given "over-bought, over sold, stop hunt, etc" then I will be moving away from the core of this market. The core of this market is to shift the price against the masses. If most of the people are ...
EURUSD
- ptyforex replied Mar 24, 2015
It would appear that people are taking positions on "patterns, randomness, indicators etc". Fundamentals in reality don't weigh in as heavily as many people would believe. The evidence is in the chart itself. Why do you see the same patterns, while ...
EURUSD
- ptyforex replied Mar 24, 2015
Very mature to put someone on ignore who is simply questioning you. As for you trading a "live family fund", how is one to tell that from the demo account which you have posted below? Why should I have to read through all of your post to find ...
EURUSD
- ptyforex replied Mar 24, 2015
It's all semantics. A bias seller who is sitting in red will call this move on EU "retracement/correction". A bias buyer calls it "Potential trend reversal". The reality is we are giving titles to things which all in all doesn't exists.
EURUSD
- ptyforex replied Mar 24, 2015
I would have to disagree with you my friend. Fundamentals doesn't create supply and demand. Reason being is because for one in forex the supply is artificial. What would be 100% of the lots which can one person can own of EUR/USD? If the supply is ...
EURUSD
- ptyforex replied Mar 24, 2015
To answer your question, he will hold that EU short for ever as he believes that EU HAS to fall due to fundamentals. Fxtyrant does trade in a live account but not for all of us to see.
EURUSD
- ptyforex replied Mar 24, 2015
It would appear that you are longing the "breakouts to the upside"which of course doesn't last more then 24 hours in EU. However, people are shorting EU because of the fact that the trend has been down for 10+ months (as EU started it's drop since ...
EURUSD
- ptyforex replied Mar 24, 2015
Imagine how many pips you would of earned if you would of been longing, instead of waiting to simply short.
EURUSD
- ptyforex replied Mar 23, 2015
AUD.USD and EUR/USD are rading tick for tick. Being that AUD.USD has just touched its r2 pivot, we should see a slowing down of the price action on EU now. Their positive correlation really makes the market easy to scalp on days like this.
EURUSD
- ptyforex replied Mar 23, 2015
A wise man once told me. " Do as the other's do, and you too shall meet the same faith as them". So if you are shorting get ready to feel the burn.
EURUSD
- ptyforex replied Mar 23, 2015
On lower tf (5m) this is as tight as EU can get. From the current price 1.09821 or a retrace to 1.09133 is in the cards. Being that EU is uptrending on the lower tf, I would say EU will touch 1.09821 before dropping to 1.09133
EURUSD
- ptyforex replied Mar 23, 2015
Atihun, please post those pictures else where. Maybe on facebook or on some 10 yearold chat room.
EURUSD
- ptyforex replied Mar 23, 2015
I would agree with you. The market was built (once it was made for the public to trade in it), to go against the "herd". Although we have seen a very one sided market the last 12 months, the reality is the FOMC statement did a lot of damage to the ...
EURUSD
- ptyforex replied Mar 23, 2015
Even if MOST times it breaks down after a wedge, maybe identifying the reason "why" is much more important.
EURUSD
- ptyforex replied Mar 23, 2015
EU is trading sideways at the daily R1 and people are shorting without an engulf of the candle which has printed the new intraday high. That seems to go against the rule of extension/reversal doesn't it?
EURUSD
- ptyforex replied Mar 23, 2015
Thank you for sharing. So what fundy would have to be released for you to use a sl on your open position?
EURUSD
- ptyforex replied Mar 23, 2015
I am long EU, and will trail stop at +8 pips once this open candle on 5m closes. image
EURUSD
- ptyforex replied Mar 23, 2015
It appears that MOST of the retail traders are wagering against EUR/USD.... Please recall the same thing occured prior to FOMC statement. Some people went as far as saying "Buy the rumor, sell the news" which is a stock term used to describe price ...
EURUSD
- ptyforex replied Mar 23, 2015
Very well put. The market boils down to "supply and demand", and since in forex their is an unlimited amount of lots, the market can and will shift the price quickly in order to make the most profit it can as quickly as possible. It was evident ...
EURUSD