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Blown Forex Account Recovery Managment (blownaccount)
Mar 13 2015 at 11:52
104 posts
got a short trade signal on the usd.jpy seem like a short scalp!

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ScalpingRus
Mar 13 2015 at 11:57
116 posts
Many people sell EUR/USD and making money doing so. The question is once the trend changes, imagine how much money sellers will lose, as they will keep chasing the sell position.

CrazyTraderfx (CrazyTrader)
Mar 13 2015 at 12:05
1718 posts
ScalpingRus posted:
Many people sell EUR/USD and making money doing so. The question is once the trend changes, imagine how much money sellers will lose, as they will keep chasing the sell position.


Imagine it's sunny for 6 monhs... and sundenly it's getting cold & raining... How long will it take you to understand you need to wear other way?

ScalpingRus
Mar 13 2015 at 19:54
116 posts
CrazyTrader posted:
ScalpingRus posted:
Many people sell EUR/USD and making money doing so. The question is once the trend changes, imagine how much money sellers will lose, as they will keep chasing the sell position.


Imagine it's sunny for 6 monhs... and sundenly it's getting cold & raining... How long will it take you to understand you need to wear other way?


 One should ALWAYS be prepared for a change in weather. EUR/USD has been in a nose dive since March of 2014. Yes it has been exactly 1 year now. By the time the 'trend' changes, eur/usd will be 500-800 pips higher then it's low, at which point most of the shorters would of lost their profits, as we know people lack money management once they begin to see red.

bewayopa
Mar 13 2015 at 20:16
372 posts
The support of $ 1.05 was reached very quickly.
In a long term chart on a logarithmic scale where is best seen as the minimum of the Thursday session (1.0493) coincides, to 'tick', with the base of the descending channel in recent years (by definition support).
Therefore recommends the greatest caution as the bass positions in the euro, it is advisable to take any capital gains and eventually prepare long positions for trading, with a stop loss (in closing values) below $ 1.0493. Aim rise to a potential recovery have resistance zone before medium of 1.1090 to 1.11 dollars.

Abdul2012
Mar 13 2015 at 20:30
413 posts
The EUR/USD broke under the 1.05 level in the end of the day and seems to be that it will close under the 1.0490.

sherifFares
Mar 13 2015 at 20:56
454 posts
price actually succeeded to close under 1.050. but still in the range of the support line. I will have to wait for the open price of next week.

peeterwoolf
Mar 13 2015 at 23:14
230 posts
The eur/usd hit fresh low almost everyday this week, Today's disappointing US data was not enough to stop the bearish trend. The bearish trend has extended for 9 months in a row now, the question here is how far can it go?

csc2009
Mar 14 2015 at 00:18
834 posts
peeterwoolf posted:
The eur/usd hit fresh low almost everyday this week, Today's disappointing US data was not enough to stop the bearish trend. The bearish trend has extended for 9 months in a row now, the question here is how far can it go?


At this point, particularly with FOMC meeting next week, parity may happen sooner than we expected.

victoriajensen
Mar 14 2015 at 10:38
1117 posts
I too am almost certain that EUR/USD will reach parity sometime soon, but with the way things are going I think it might drop even below 1.000.


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