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100PipsADay replied May 31, 2012I think I'll have to stay up a little longer. I can't tell where we are headed...
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100PipsADay replied May 31, 2012Same island, but I'm on the North Shore
You ever come to Hawaii before?EurAnalysis
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100PipsADay replied May 31, 2012That makes sense. I don't think I'll be able to make it till then... LOL
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100PipsADay replied May 31, 2012There was basically no effect from this bad US economic data... I think I'll wait to see what happens with the Unemployment Claims then I am off to sleep! It's almost 2:30am out here in Hawaii and I need to catch me some zzzzzz's...

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100PipsADay replied May 31, 2012Smart man! You are obviously a wise and experienced trader. Hats off to you my friend for being so disciplined with your trading.
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100PipsADay replied May 31, 2012FXSwissTrader, By the way, thanks for the heads up with the large EJ sell orders. I owe you some pips!
I expect the trade to hit TP by the end of next week at the very latest!EurAnalysis
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100PipsADay replied May 31, 2012Yea I decided to go ahead and add one more EJ trade. Couldn't resist!

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100PipsADay replied May 31, 2012Yep! I think we are headed down. Glad my EJ order was hit, so far up almost 20 pips. Your expectations are too high for the Euro when it comes to your new entry points! LOL

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100PipsADay replied May 31, 2012I put in a sell order at 97.95 on the E/J. Williams % on the H1 was good, and obviously we are still in a down trend with the MACD on the D1. I will add one more position at 99.00 if it gets that high, however, I doubt it will. SL: 166 TP: 277
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100PipsADay replied May 31, 2012I completely agree! Fundamental always comes first and then the Technicals.
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100PipsADay replied May 31, 2012That is true, these past 2 weeks or so have been a perfect example of what you are referring to.

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100PipsADay replied May 31, 2012My thinking is that most technical indicators such as Fib, Support, Resistance, etc... (which the majority of traders follow) are basically self-fulfilling prophecies due to the fact that everybody is using them.
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