Comments on: Forex Signals – EUR/USD Big Day Ahead

By: piphut

piphut — Wed, 28 Oct 2009 20:33:32 +0000

on 1h chart it looks like pair found some suport and on daily chart it just hit 60% retracment …. if it goes as it did for the last two days it should retrace back a bit again .

That 61.8% retracement of the 10/2-10/26 low/high could offer some good opportunities for scalpers. Good catch.

By: Jevgenij

Jevgenij — Wed, 28 Oct 2009 20:12:19 +0000

Yes i saw …. i just wanted to say to never minde for that last post :/

on 1h chart it looks like pair found some suport and on daily chart it just hit 60% retracment …. if it goes as it did for the last two days it should retrace back a bit again .

By: piphut

piphut — Wed, 28 Oct 2009 19:25:18 +0000

Mark any coments on that invereted hammer on 1h chart ? i asoume it should bounce back a bit after …

It’s not a very good looking hammer. Body is too big. The 4h chart has been producing some pretty reliable candlesticks during the past few days. We could see a nice doji their if the price remains the same for the next 1.5 hours.

By: Jevgenij

Jevgenij — Wed, 28 Oct 2009 18:40:58 +0000

Mark any coments on that invereted hammer on 1h chart ?

i asoume it should bounce back a bit after souch a big drop lol

By: HENDRIK

HENDRIK — Wed, 28 Oct 2009 16:52:21 +0000

I’m just one trader sharing his analysis and setting up a community where traders across the world can help each other :).
———————————————-
That’s what I call global community service. May you live till the cows come home!!!!

By: Nuno

Nuno — Wed, 28 Oct 2009 15:41:09 +0000

Hendrick: you’re rigth, I’am missing the point of one having availability to trade. Apart from that, for me is hard to believe that someone get’s consistenly 80% profit for month, every month that is. When I read such cases always remind me of Madoff and Ponzi Inc. ;)

Hi Lisa,
you should start by reading a lot, to learn the basics about technical analysis and candlesticks. There are lots of material in the web for free, choose one that looks simple for a start. Another thing is to read carefully Mark’s posts, look at the chart and try to spot what is the situation, not just read the “trading Idea”.

By: Lisa

Lisa — Wed, 28 Oct 2009 15:28:19 +0000

Hello Mark. I am hoping that someone will give me some help.

I would like to know some rules for setting stop loss and taking profits. For example, I have a $5,000 demo account and I bought 1 lot of a buy of EUR/USD @ 1.4810 for $725. I need to know what is a good rule to follow as to taking my profits. Also, where do I set my stop loss. As of now EUR/USD @ 1.4773 therefore I have loss approx. $370 (37 pips). I usually just keep holding on to the losing order hoping that the trend will turn back around and I will make my money back but it gets worse and I end up losing all of the money and starting a new demo account. I now know that I should not have even got in a buy on yesterday since the trend was down. I’m still trying to learn to read the charts. Please, anybody, I need help because I really want to learn to trade.

By: HENDRIK

HENDRIK — Wed, 28 Oct 2009 15:08:00 +0000

Nuno you’re missing the point. There are lots of people who have no time of day for trading as we do, but who would like to invest money in forex. I know of a chap who claims 80% profit per month and he takes 30%. That 600% per annum in your pocket. The only snag is you have to invest a lot

By: ZAR

ZAR — Wed, 28 Oct 2009 14:57:31 +0000

Do you think Eur is a good BUY at 1.4700??
Do you think it is a good idea?
I know the signal today is bearish…
:)
Please advice

By: piphut

piphut — Wed, 28 Oct 2009 14:56:41 +0000

Is teaching us how to fish instead of giving us the fish.

I’m just one trader sharing his analysis and setting up a community where traders across the world can help each other :).