Obsidian

eyes are back to eur/aud

apparently not beneficial for Mediterranean countries

Summary of open orders and positions:

You are totally right, this thread is totally about price patterns which occurs from time to time. I somehow just try to show-share what I see often.

daily chart says gold is heading to 1566 but of course day is not over yet...a weekly close below 1597 means free fall until 1464-1430..imvho...

I thought my examples in post #1 were clear enough. Last position was good for 30pips if you check next price bar but I closed for 22 (on the chart you can see that short position was opened at 1.6157) and remember that I am not a signaling service. I can't get on the forum to post every trade I make :doh: still I try to post whenever I am free..as I did in post #22... which was:

Summary of open orders and positions:

Market moving news: Greek left coalition leader Tsipras says Greece's bailout pledges are null and void after vote Greece's Tsipras says wants coalition government of leftist parties Greece's Tsipras says wants banks under state control Greece's Tsipras says wants international commission to investigate if Greece's debt is legal ------- Greece's debt is illegal??

another ema34...it was good for 22 pips... gbp/usd 30m chart:

I will be looking for a short opportunity...very long term trade.. targets: 0.7820, 0.7680, 0.7370 and 0.7000 nzd/usd weekly chart:

You can try this page: Currency Strength Heatmap | OANDA fxTrade

here is a chart to summarize some common patterns:

trades less than 10 secs? why such a rush? just out of curiosity, what is r/r for such trades?

Australia posted a seasonally adjusted trade deficit in March of 1.59 billion Australian dollars full report: http://www.ausstats.abs.gov.au/ausstats/meisubs.nsf/0/CEE9A8A3F30A7B02CA2579F700120172/$File/53680_mar%202012.pdf

from a source that I read earlier today: "Germany also saw a key state election in Schleswig-Holstein that had the Merkel coalition lose control of that state."

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Summary of open orders and positions:

ups and downs..............

eur/usd trading at 1.3016...looks like journey to 1.29 is about to begin

I did stupid things during the first few years of my trading even though I developed my own methods. Reading and learning part is of course a must but living in it changes many things..At least it did for me... Trading is like many profession...what you learn at school is just a beginning...

The latest news regarding the elections: Exit polls suggest that Socialist candidate Hollande has defeated President Sarkozy by a margin of about 53% to 47%. The Greek vote outcome appears to have been highly splintered. The New Democratic Party came in first with 21% of the vote. The anti-austerity Styniza Party garnered second with 45% and the Socialists (Pasok) came in third with 15%

Speculative Investors Doubled Their Bets On More Pound Gains -CFTC Speculative traders on the Chicago Mercantile Exchange doubled their bets on the continuation of the bullish trend of the UK pound, data from the Commodity Futures Trading Commission showed on Friday. Traders increased their open long GBP position by 123% from a weak earlier to reach a net of $1.7 billion as of Tuesday, according to the CFTC's weekly commitment of traders report. That bullish GBP sentiment is largely the outcome of the market's expectation of the BoE policy stance in May. The market consensus sees no further QE in May from the MPC especially after the last MPC minutes showed that BoE policy maker Adam Posen dropped his call to extend QE. "It would be a bit odd to reverse that one month later,"says Simon Hyes, Chief UK Economist at Barclays. Another major factor behind the recent GBP resilience was the report that the SNB had boosted its FX reserve dominated in GBP, from £7.4b to £14.5bn; that increased the GBP share of the bank's gross FX reserve from 4.2% to 8.5%. Traders also added heavily to their open long USD position as they increased their bets on the dollar rise by 33% from a week earlier to reach a net of $12.7 billion, according to the report. CFTC's data also showed that traders slightly decreased their open short euro position by 5 % from a week earlier to reach a net of $17.7 billion. They also decreased their short yen position by 9% to reach a net of $7.8 billion, the data showed.

that is right...if you are not a disciplined-strong willed person, your iq can't save you

Examine the charts over the weekend. Draw-adjust fibos-trend lines. Check if there are new patterns and formations. Find possible trades on long-short time frames. Take notes about entry-exit points. Check eco calendar...

2 year & 10 year treasury notes: