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Davit replied Dec 3, 2012Technicals are part of fundemetals. When BOJ depreciates the currency no technicals will change the fact that it will go down.Same with every major Q/E No butterflies, no trend lines, no fibs will change that fact. Savvy trader should incorporate ...
Another simple system - Time-Frame 15
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Davit replied Dec 3, 2012Just a reminder Today's markets move much more on news then anything else. Please go over every important news relating to currency before even deciding to trade. Its the foundation which everything relies.You don't want to be in wrong side when ...
Another simple system - Time-Frame 15
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Davit replied Dec 3, 2012Spanish/Italian PMI out tonight.Most probably will be negative both economies have been stagnate unless they manipulate the data. In greater scheme of things Euro is poised for reversal back to 2880 zone.It could happen tonight or later but ...
Another simple system - Time-Frame 15
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Davit replied Dec 3, 2012Even though it may look right I would not take that trade. h4 in range mode. Daily same. You are selling at the bottom of the range plus 50EMA close by (black line)
Another simple system - Time-Frame 15
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Davit replied Dec 2, 2012Short 3030 Break of 10EMA possible TP 2990 200EMA (purple)
Another simple system - Time-Frame 15
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Davit replied Dec 2, 2012If Euro drops buying will make sense otherwise this pairs" ADR is mediocre.Not worth trading and being stuck in small pips range.
USDCAD trend reversal?
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Davit replied Dec 2, 2012Lot of Euro relating News tonight. We could see reversal to 2880 area. Manufacturing PMIs: Monday, 8:15 in Spain, 8:45 in Italy and a final figure for the euro-zone at 9:00. These are important forward-looking figures. Manufacturing sectors in ...
EURUSD
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Davit replied Dec 2, 2012Congrats on your son's birthday.I bet it was lot of fun. If I take a trade I will post the Entry and Exit.I agree we have to demonstrate system validity. Regards
Another simple system - Time-Frame 15
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Davit replied Dec 2, 2012Wow 3hrs no post.Record! Cable PMI release Monday 4:30 EST We could see study up move until then.Possible short area 6045 if broken ADR high 6070
Another simple system - Time-Frame 15
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Davit replied Dec 2, 2012Today I did a meditation to empty my head from all biases.Forming a bias can be dangerous prior of markets.Example 65% retail trader were short on EJ and Euro and got taken to cleaners.Last week was all bull.Fact is Euro is highly manipulated ...
Another simple system - Time-Frame 15
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Davit replied Nov 30, 2012could be massive stop hunt before real intent move which could be down. Just amazing even with German bad data
EURUSD
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Davit replied Nov 30, 2012Based on your chart looks like 1st we go down 102 area before 108.85? I'll be happy with plain 106 but not even sure we will have a pullback.Euro is on steroids.I just hope it turns south. 65% retail is short on Euro and EJ but no effect.
EURUSD
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Davit replied Nov 29, 2012short as well and not feeling good about it. It looks like Euro is unstoppable.Who knew currency supported by 2 countries France and Germany with massive problems is doing better then US dollar. I just don't know how high this impulse buying is ...
EURUSD
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Davit replied Nov 29, 2012I am bear all over. Main reason is price tried twice to break 1.30 and was rejected thus we go back 2800 zone to regroup. Another factor which is more important US budget crises will be resolved and will strengthen the dollar. We could (one can ...
EURUSD
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Davit replied Nov 29, 2012You are underestimating your projection.How about 1.58!! Lets forget about Euro crises,Greece,Portugal,Spanish 30% unemployment,World overall economical stagnation but traders like you post one liners without any substance and freak themselves out. ...
EURUSD
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Davit replied Nov 28, 2012EJ short 105.94 TP 105.40 Previous low Euro Short 2937 TP 2885 Previous Low Taking advantage of typical pullback. EU 50% retrace EJ Fib 38.2
Another simple system - Time-Frame 15
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Davit replied Nov 27, 2012Renata you nail it. Important EMA levels tend to act as "pivots" even though I don't use pivots at all.Its more of confluence other factors like you mentioned. What is important tonight once volume returns starting from Frankfurt open what direction ...
Another simple system - Time-Frame 15