Comments on: Forex Signal – EUR/USD Mixed Signals http://piphut.com/2009/09/forex-analysis-eurusd-mixed-signals/ Free Forex Signals and Analysis Tue, 22 May 2012 20:16:16 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: piphut http://piphut.com/2009/09/forex-analysis-eurusd-mixed-signals/comment-page-1/#comment-3703 piphut Wed, 16 Sep 2009 00:05:44 +0000 http://piphut.com/?p=1260#comment-3703 Steve, that was support on 4/11. Steve, that was support on 4/11.

]]> By: Steve http://piphut.com/2009/09/forex-analysis-eurusd-mixed-signals/comment-page-1/#comment-3699 Steve Tue, 15 Sep 2009 18:55:38 +0000 http://piphut.com/?p=1260#comment-3699 Hi How did you arrive at 1.4565 as a support point? I notice that the market did indeed go down to 1.4560 today, very close indeed. Hi
How did you arrive at 1.4565 as a support point? I notice that the market did indeed go down to 1.4560 today, very close indeed.

]]> By: Ash http://piphut.com/2009/09/forex-analysis-eurusd-mixed-signals/comment-page-1/#comment-3695 Ash Tue, 15 Sep 2009 14:03:46 +0000 http://piphut.com/?p=1260#comment-3695 The thing is that I was using a demo account trying out a strategy of waiting until the RSI line goes above 70 or below 30, forming a peak and making a buy or sell order, depending on which way its going. That worked pretty fine on a demo and if I had to close an order, I did so. But now that I am trading with real money, nothing seems to be working. In desperation, I'm thinking of leaving the computer on all day and night, to let an EA called FAP turbo trade for me. Well, any way. I'm down too much so I want to wait for your upcoming entry and exit points next month. The best thing I can do is wait, as I wont be losing money by doing that. The thing is that I was using a demo account trying out a strategy of waiting until the RSI line goes above 70 or below 30, forming a peak and making a buy or sell order, depending on which way its going.

That worked pretty fine on a demo and if I had to close an order, I did so. But now that I am trading with real money, nothing seems to be working. In desperation, I’m thinking of leaving the computer on all day and night, to let an EA called FAP turbo trade for me.

Well, any way. I’m down too much so I want to wait for your upcoming entry and exit points next month. The best thing I can do is wait, as I wont be losing money by doing that.

]]> By: piphut http://piphut.com/2009/09/forex-analysis-eurusd-mixed-signals/comment-page-1/#comment-3694 piphut Tue, 15 Sep 2009 13:39:51 +0000 http://piphut.com/?p=1260#comment-3694 Ash, any good trader has lost money, most have lost lots of money. My best advice to you would be to trade a demo account for a few months until you are consistently making a profit. The problem with most early traders is that they are jumpy with live money (it is easy to be!), monitoring every single piece of news that comes out trying to predict and interpret every price tick. You just can't do that. You have to look at the forest, not the trees. Ash, any good trader has lost money, most have lost lots of money. My best advice to you would be to trade a demo account for a few months until you are consistently making a profit. The problem with most early traders is that they are jumpy with live money (it is easy to be!), monitoring every single piece of news that comes out trying to predict and interpret every price tick. You just can’t do that. You have to look at the forest, not the trees.

]]> By: Ash http://piphut.com/2009/09/forex-analysis-eurusd-mixed-signals/comment-page-1/#comment-3693 Ash Tue, 15 Sep 2009 13:35:35 +0000 http://piphut.com/?p=1260#comment-3693 I've made a lot mistakes. I have closed my order after the news came out as it just seemed as if it was just gonna fall down lower. But, now it's only now that it's heading back up. Quite often I feel like it's been done on purpose, because as soon as I close my order, it springs back and goes the opposite direction. I'm about to give this whole trading thing up. I can't afford to lose any more money. I’ve made a lot mistakes. I have closed my order after the news came out as it just seemed as if it was just gonna fall down lower. But, now it’s only now that it’s heading back up.

Quite often I feel like it’s been done on purpose, because as soon as I close my order, it springs back and goes the opposite direction.

I’m about to give this whole trading thing up. I can’t afford to lose any more money.

]]> By: piphut http://piphut.com/2009/09/forex-analysis-eurusd-mixed-signals/comment-page-1/#comment-3692 piphut Tue, 15 Sep 2009 13:26:19 +0000 http://piphut.com/?p=1260#comment-3692 Anto - nobody is ever "sure" of anything when trading the currency markets :). You make educated guesses and use solid money managment/risk management to stay profitable. Anto – nobody is ever “sure” of anything when trading the currency markets :). You make educated guesses and use solid money managment/risk management to stay profitable.

]]> By: piphut http://piphut.com/2009/09/forex-analysis-eurusd-mixed-signals/comment-page-1/#comment-3691 piphut Tue, 15 Sep 2009 13:23:16 +0000 http://piphut.com/?p=1260#comment-3691 Hi Priya, I've got some things in the works that will help you out... specifically more currency pairs, more technical analysis and more trading ideas with specific entry/exit points... Probably about a month away from releasing it! Hi Priya, I’ve got some things in the works that will help you out… specifically more currency pairs, more technical analysis and more trading ideas with specific entry/exit points… Probably about a month away from releasing it!

]]> By: piphut http://piphut.com/2009/09/forex-analysis-eurusd-mixed-signals/comment-page-1/#comment-3690 piphut Tue, 15 Sep 2009 13:21:45 +0000 http://piphut.com/?p=1260#comment-3690 I share your concerns Ash (it is why I called the signal "Mixed signals"). However if there is one thing I've learned over the years it is that it is a lot easier to trade with the trend than it is to call a top/bottom. I've been in a lot of markets where I think "there is no way this can go higher/lower" only to wake up the next morning with my stops busted and a fresh high on the chart. Plus as of yet we haven't seen any major bearish technical pattern on the charts indicating a solid top has formed, so even if we see a drop it will most likely find its way back up eventually. I share your concerns Ash (it is why I called the signal “Mixed signals”). However if there is one thing I’ve learned over the years it is that it is a lot easier to trade with the trend than it is to call a top/bottom. I’ve been in a lot of markets where I think “there is no way this can go higher/lower” only to wake up the next morning with my stops busted and a fresh high on the chart. Plus as of yet we haven’t seen any major bearish technical pattern on the charts indicating a solid top has formed, so even if we see a drop it will most likely find its way back up eventually.

]]> By: Ash http://piphut.com/2009/09/forex-analysis-eurusd-mixed-signals/comment-page-1/#comment-3688 Ash Tue, 15 Sep 2009 10:03:15 +0000 http://piphut.com/?p=1260#comment-3688 Theres no way its gonna go up to 1.4695. The whole thing is just sinking to the bottom, so the only way it could get even anywhere near 1.4695 is if some news came out and changed the direction of the market. Thats how I see it. Theres no way its gonna go up to 1.4695. The whole thing is just sinking to the bottom, so the only way it could get even anywhere near 1.4695 is if some news came out and changed the direction of the market. Thats how I see it.

]]> By: Anto http://piphut.com/2009/09/forex-analysis-eurusd-mixed-signals/comment-page-1/#comment-3686 Anto Tue, 15 Sep 2009 08:25:41 +0000 http://piphut.com/?p=1260#comment-3686 Are you sure today can up to 1.4695 ? Are you sure today can up to 1.4695 ?

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