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Everything posted by Mysticforex
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Wednesday is a busy day for the British pound with the UK Budget, BoE Minutes and employment report scheduled for release. Whil the labor market numbers will be strong, the UK government could downgrade its GDP forecast putting pressure on GBP/USD. There's no clear entry level for a sustainable long trade, but a break of today's low provides a clean short trade. Place Order to Sell GBP/USD at 1.6527 Stop 1.6587 Close half at 1.6497 move stop to b/e Close rest at 1.6415
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Looks like a lot of "open positions" to sell below 13900. I imagine we weill see a bit of the long positions covering after that.
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EUR/USD - Euro Reverses Direction on Ukraine Fears, Draghi Comments - http://t.co/ZJ3cAE6wVq
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Since NZD/CAD is trading at a record high so there is no obvious resistance level for the pair. 95 cents is a psychologically significant level that could stall gains and above that price point, the rally could meet resistance at every big figure. If NZD/CAD starts to turn lower, 94 cents will be the first level of support followed by the January high of 0.9285.
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The Most Interesting Women In The World ?
Mysticforex replied to Mysticforex's topic in General Discussion
hmmm.. . . . yeah, I like Cate too! -
Bollinger Band Squeeze
Mysticforex replied to SpearPointTrader's topic in Introduction to Technical Analysis
So, do you know if price will break to the upside or downside. S&R? or, which side of the middle line price is on ? -
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Two women are on a transcontinental balloon voyage. Their craft is engulfed in fog, their compass gone awry. Afraid of landing in the ocean, they drift for days. Suddenly, the clouds part to show a sunlit meadow below. As they descend, they see a man walking his dog. One of the flyers yells to the figure far below, "Where are we?" The man yells back, "About a half mile from town." Once again, the balloonists are engulfed in the mist. One flyer says to the other, "He must have been a lawyer." The other says, "A lawyer! How do you know that?" The first says, "That’s easy. The information he gave us was accurate, concise, and entirely irrelevant."
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Who do you think is the most interesting women in the world. If you choice is not here you can write it in.
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- 318 replies
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Bollinger Band Squeeze
Mysticforex replied to SpearPointTrader's topic in Introduction to Technical Analysis
Could you give us a chart. I myself have never been a big user of BB. Would help me understand. Maybe I call a "squeeze" something else. -
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Events for the week, so far, have been dominated by Russia's intrusion into the Ukraine, followed by the hand wringing and threats from the West. The markets recovered Tuesday from Monday's panic selling, after soothing words from Putin, and the absence of further military confrontation. There were nasty charges flying between US and Russian officials. However, the intensity was short of that when Khrushchev pounded his shoe, in protest on US policies, on a table at the United Nations.
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--------------------------------------------------------------------------------------------------------------------------------------- georgemiddeton, and Mr_Black have exceeded the 10% Draw Down Rule. They are disqualified.
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--------------------------------------------------------------------------------------------------------------------------------------- And we're Off ! Looks like Mr Black and perfxstrnger changed their acct balances after the contest began, That's why one shows a loss and one a gain, both with no trades.
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Is It True That 90% of Traders Never Make a Dime!
Mysticforex replied to blindfingers's topic in Beginners Forum
It's about sticking to your rules. Let's say out of 10 trades, with a 1:1 R/R you average out at 5.5 winners and 4.5 losers. At the end of the year you have made money. -
She is a Beauty. A Ketch or a Yawl? I could never remember, something to do with the position of the aft mast in relation to the helm. My ticket simply reads, Endorsements: Radar, Towing, Sail.
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Welcome Albiecki,, I too love boating. Statrted out in the Merchant Marine, and have ownwd boats all my life. Currently have a 100 Ton Masters License. I love Trading as well. Only Forex. If you have questions don't be afraid to ask.