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Obsidian
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Everything posted by Obsidian
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Introduce Yourself Here - Don't Be Shy!!
Obsidian replied to trading4life's topic in Beginners Forum
Hi and welcome to TL ! -
EUR/USD update: remaining closed @ 1.3111
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gbp/usd closed @1.5670 done for today;)
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gbp/usd climbed to 1.5770 and turned to south...I was able to get in @ 1.5756...closing 1/2 and moving sl to 1.5730
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Thanks for the info, I had missed that.
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something is happening with jpy today:roll eyes: meanwhile I think I may get a chance to add eur/chf longs today...
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GBP/USD may go higher (to 1.5740/70 zone) before it slips to 1.5665/55. Watch 4h chart and ema34, gives nice clue
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I think today is the day to test 1.3100...Yesterday opened a short position @1.3245 and still holding it (1/2 closed and stop moved to 1.3225) for 1.3100 or 1.3020. I am currently bearish until eur/usd closes above 1.3220.
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Leverage is an optional tool so you don't have to use it. You can change leverage setting to 1:1 and trade. You can check Oanda UK division
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they say if you owe the bank $10000 then you have a problem...however, if you owe the bank $10000000 then the bank has a problem...
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I totally agree I wonder what would be the percentage of traders who use daily charts (ie trade long term)
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Even on a demo, don't lose your discipline;)
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Thanks for the tip, I will ask that to myself 10 times and I will do opposite of what I said Well, the Greek austerity budget was approved by the parliament yesterday, as expected...This was a prerequisite for more aid...I think approving the austerity plan is the easy part, implementing the plans will definately be more difficult...We will see...Greece’s debt will balloon to almost twice the size of its economy in a couple of years and they will need economic growth and sucessful privatization to generate sufficient revenue to pay back... Anyway, the news doesn't make the market, rather the market makes the news, so I will be following the numbers only as usual...The levels which I told in my previous post are still valid...
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setting stop levels is as important as picking entry and exit points for the beginners...the tool supposed to prevent you from big losses, may stop you from having profitable trades...
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we love puppet shows...
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Absolutely right... People are trying to choose the easiest way to make money but at the end they are losing what they have...this will not change until they understand that trading is a concept that requires knowledge and experience... Big sharks are sharing their profit with EA programmers (web scammers) now :rofl:
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I don't trade gold but I think gold is a good long term investment. For this month, if it can pass 1742, buying pressure will increase. If it breaks 1700, it will head back to 1646.
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that is so unbelievable...
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What is German's benefit? Obviously, they are not paying Greece because they love Greek people. 2 things come to my mind... -As a result of crisis, man power moves to better countries, So Germany can get the qualified labor force easily. -During privatization process, Greeks will be selling their properties (to the biggest German and French companies) cheap as hell. These can be very profitable in the long run.
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EUR/USD: The pair failed to break 1.3320 resistance and also failed to close above 1.32 level. This makes me think that the pair may test 1.31 support. If it does not hold, probably it will also test 1.3020...These zones can give opportunity to go long. If we see these levels I may attempt small longs, I will not say any stop for these. However, I may reverse at 1.2970 and go short instead with 1.2630 as my target...Of course there is a slight possibility that EUR/USD will try to climb higher on Monday. If that happens, I will waiting for a breakout. If we break 1.3320, buying pressure will increase and 1.3534 will be next stop. GBP/USD: The pair was able to reach 1.5927 and 1.5941 is not broken yet. It does not look so good to drop below 1.5770. 1.5725 support is holding for now but If we can't close above 1.5800/35, we will test 1.5655 level. I was telling that ema34 on 4h charts acting like s/r, so I always keep an eye on that. If 1.5655 support is not broken I expect the pair another rise to 1.58/59 level. After that the pair will head south again and go below 1.5560. A daily close above 1.5940 negates this scenario. USD/CHF: As long as 0.9100 holds, the pair is heading to 0.9200/50 zone. USD/CAD: If the pair can close above 1.0070, that means the bulls are taking the control again to push the pair higher. the next resistance is at 1.0150.
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I think this "a bit" overpriced for many traders...
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Legendary pop singer Whitney Houston was found dead Saturday at a Beverly Hills, California, hotel, officials said. She was 48.... http://edition.cnn.com/2012/02/11/showbiz/whitney-houston-dead/?hpt=hp_t1
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I think this (95%) was correct before 2005. Now people can reach more resources. You can read, discuss and learn from others. Trading platforms are more sophisticated, brokers offer better trading conditions...And many people learned from their mistakes, I guess...
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CHF Chart (Weekly CFTC Commitments of Traders Report)
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I never beleive these "deadline", "almost done", "too close" stuff...newspapers need headlines :rofl: