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- 274 Results (254 Replies, 20 Comments)
- Beacon replied Jul 1, 2009
Closed EUR at 1.40778. Spotted the up move rather late. Only got 15 pips. UK PMI in 40 mins time. Need to watch that.
EURUSD
- Beacon replied Jun 30, 2009
The CB Consumer Confidence index is the one that I am cautious on. I plan to close some of my trades before this piece of news is released. It seems the analysts are expecting a better number but you never know.
EURUSD
- Beacon replied Jun 29, 2009
If you are looking at support/resistance for trading opportunity, look at the weekly chart for AUD/JPY and GBP/JPY, especially GBP/JPY. The next major resistance is so far away.
EURUSD
- Beacon replied Jun 29, 2009
Okay thats one of the reason but I there are alot of reasons for the strength of a currency. You can compare alot of things: 1. Interest Rate: Eur higher than USD. 2. Trade Balance: Eur better than US. 3. Unemployment: US (9.4) has a higher ...
EURUSD
- Beacon replied Jun 29, 2009
If it hits 1.43, would it be a double top or a double bottom on the weekly chart? Careful.
EURUSD
- Beacon replied Jun 29, 2009
Sometime the market don't move the way we think it should move... there are a lot of reasons why EUR is strengthen just like there are lot of reasons why it shouldn't. If EUR can drop from 1.60 to 1.25, why can't it goes from 1.25 back to 1.60? Its ...
EURUSD
- Beacon replied Jun 29, 2009
Its a good thing I was focusing on longing crosses today. Getting quite a hefty profits.
EURUSD
- Beacon replied Jun 29, 2009
Okay I am going to try to decode this: I believe he is assuming that Price movement is going to and fro across this price range, 1.4011-1.4025-1.4043, today. Now assume that a pendulum is in motion and that price range is the center of the pendulum. ...
EURUSD
- Beacon replied Jun 29, 2009
Well you could sell at 1.4025 if it fell from 1.4042, and you also can buy at 1.4025 if it goes from 1.4011. Thats how I interprete it. Could be wrong though.

EURUSD
- Beacon replied Jun 29, 2009
Not too sure if I get what avi is trying to say but here goes: 1. If the price fall from 1.4025 to 1.4011, you sell at 1.4011. 2. If the price goes up from 1.4011 to 1.4025, you buy at 1.4025. SL is 12 pips.
EURUSD
- Beacon replied Jun 28, 2009
Maybe you mean if you see PA going against you for 2 mins, it seems like 2 hours.
EURUSD
- Beacon replied Jun 26, 2009
Yeah I rather do the right thing and lost rather than do the wrong thing and win.
EURUSD
- Beacon replied Jun 26, 2009
But Imarich1, its not about having confidence in them. Its about having confidence in you. You are the one enter the trade... They can tell you what the entry and exit but because you got no confidence now, you will most likely do a late entry or ...
EURUSD