Everyone Trading Euro Long?

[forex1]

Currencia

We've all had the following experiences before-
1. You haven't seen or heard or thought about a certain person for years - then all of a sudden you dream or think of that person the next day you see or hear him/her - sheer coincidence!
2. Or the phone rings you just know who the caller is when you answer the phone - volia! - you were correct - sheer coincidence!
3. many other experiences when we say afterwards (in amazement) - this is unbelieveable - what coincidence!

The people into metaphysics tell us that these are glimpses into the future - like a curtain that is openend for one second so that we actually "see" into the future - at the soul level. they also tell us that this kind of soul awareness intuition can be developed to the point where I can connect to you at the soul level without having to know you at the physical level. So not even knowing your real name I can connect to your soul feel what it feels. But even more important - at the soul level all of us know the TRUTH.....we just have to eliminate the noise....

Now - if at the soul level we KNOW the TRUTH - trading should be a piece of cake! your posts I can see you've tested many things before - what do you think about soul awareness intuition in trading?

Can I be the DREAM the DREAMER?

[jphpll]

I am sidelined will stay that way for now. I attempted my short only for a short-term price retracement was stopped out. It is amazing that I saw a bunch of good reasons to go short (Hourlies Overbought 1.1750 resistance) now I can see all the sound reasons I should of never entered the trade.

#1 The resistance was really in the 1.1800's not the 1.1750 area.

#2 Instead of getting a confirmation on the daily charts I just said here looks like where I need to short.

I still believe the Eur/Usd will retrace a-bit but I will wait for a confirmation. I was wanting to catch a 100 or so pips instead of waiting for a signal to go for 300 or so pips that I may never even get for a south trade. I will still trade south for 100pips but will not just jump in say ok here it is going south.

I still believe set & forget trades work but their wasn't the right kind of things happening to be more than 60% sure that the 1.1750 was indeed the the area to short at.

James Payton

[currencia]

Forex1

Even the best of traders go thru periods in trading where they cannot trade themselves out of a wet paper bag; at other times they can do no wrong no matter how wild crazy they trade at the time.

The price chart is nothing more than a psychometer of the total market players.

If one could design a personal psychometer put it in an oscillator window on the charts it would be very helpful I think.
For most the ingredients of the oscillator would be poo foo powder. But I think it has merit.

Then we could be alerted ahead of time as to when that unexpected tele call is more likely to start ringing when the tele line is down!

On such a note I think it a valuable tool to create an oscillator of trading results that can be displayed on the price chart. This way one can readily track trade activity/results in relation to wave structure on the chart. It would be instructive.

[currencia]

Retail market sentiment is obviously still long euro with some participants going long at present levels around 1800 some waiting for pullback to 1700 area to go long again.

Current price is about 1800. I beleive market is going to push large in one direction or the other with easier sledding downhill rather than north.

I maintain small shorts the 1800 level have added to them. Minimum target is 1660 area if not 1600 1550.

Below 1550 area the north jig is up.

On a drop below 1750 I move stops to break even. At 1700 area I move stops to lock in some profit.

As an aside I beleive the US equities market sucker rally has topped out am looking at targets way South of here. Short term this may drive EuroUSD beyond these tough resistance tops into the 124 levels. But beyond that economic turmoil bleeding into EuroZone will ultimately portell of stronger USD not weaker.

Happy hunting.

[currencia]

Market price has met my goal of below 1750 has found resistance at the 1750/1760. Ergo stops to break even.

On a tag of 1710 I consider taking partial profit.

Current price 1740/44

[novice]

Originally posted by novice
Short term trading is not my thing by if it was I may be looking to go short N.Y. opening monday.

Prices started to fall when the N.Y. market opened on Monday. Prices only fell about 100 points. I was expecting a fall to a greater degree say 150 points or greater.

How much more do you expect this short term decline to go. 1.1650 is where a 13-day EMA is. Will prices fall to these support levels to find support? Or will prices mark time at about 1.1700-1.1750 wait for the 13-day EMA to catch up?

[currencia]

Where common fib retraces common mva's co-incide targets may be found with greater certainty.

[novice]

I have never really understood fib retraces so I don't use them much.

I mean which one to you use 38.2% 50% or 61.8%?

But in general I like to look at retracements particular of time.

I had this idea to look at retracements of price time.

e.g.

Say a market rallies (or declines) for 100%. But in general prices retrace 50%.

Also the same market rallies (or declines) for 4 day. But in general time retraces for 2 day.

Could you work out a total retracement figure?

Say

Total retracement= (price retracement/average price move) * (time retracement/average time move)

You could work out the average total retracement move of the past. Once the current current retacement hit about 100% of the past total retracement the current retracement would be about over.

Thus if a retracement was either mostly price or mostly time or almost equal parts of both you would know it was about over.

What do you think? Am I talking Malarchy?