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Looking to sell GBPUSD as I posted earlier, but I will see before europe session what's going to be the close on 240min charts. If its below 16020, most probably I will sell it...maybe at market price, but meanwhile I have hour close below that level... I will post before europe session opens...

stop@ 7095 ( - 51 pips or - 3,26%) tgt@ 6875 ( + 173 pips or +11.07%) stop to b/e after 7015

sold EURGBP @7044

And the last, but not the least is EURJPY - I posted last week that in my opinion we are having a major breakthrough downside, and thats where we are standing at the moment. Not much more needed to short this one. Will try to explain a bit later, but one thing Ineed to explain - thats not a...

I wanted to share two more posts with pictures, but I have no time at the moment to write much, so I will post in brief. First is USDCHF, and situation here is same as on euro, except for here we have a definate descending triangle, and a break of price will bring same consequences as a break...

here's a pic:

So you ment 1.1 was a tgt for that trend begining back then? I get it. Yes, thank you. But anyways, what I said about it is what I think - just a barrier on way down... Now one more post regarding coming trades. Next most traded currency pair is USDYEN. Out of overall trades, its traded 15%...

izeickl, I think you're wrong in something here, as in mid april 2002 euro was traded at 0.8800. I dont see what re you referring to. If we go as far as 1999, we get mid 1.09, 1.1010, and mid 1.12s as supports back then. Since then and till this year, such a high levels on euro werenot seen...

For me, as for positional trader those dont mean much in case triangle will be broken downside. In that case bearish sentiment will be proven and it will mean we have new down trend, for which 1.1 level will be just something to overcome on its way down. So yes, we may get support there, and for...

Hello everyone, hope you all are enjoying your weekend. Euro is not the only currency to be traded on forex, but no doubt it’s most traded after us dollar, and that makes EURUSD pair most traded one. Acc to stats of 2001, ~35% of trades on forex is eurusd. This fact turns eurousd pair to be...

Ok, no trades. Good Weekend to all, Rezo.

Exactly. Cos this price is for their use only :D

izeickl - I dont know why are you backing up so much market makers. They can do whatever they want. Sure, they wont do it 50 pips and not even 20 pips. I doubt. And if you read more carefully my posts, I said that this fact should not be something to prevent good trader to be profitoble. But...

I'm not talking based on limited xp or observation. Its no secret also. Just take a look at saxo and refco today... saxo: euro high 1.1382, low 1.1310 refco: euro high 1.1386, low 1.1304 Same on other pairs. Thats what I ment.

I dont see any diff between fxcm and saxo if talking forex. And they are no different in any service (talking forex). Personally, if I was asked, for forex trading I would prefer fxcm/refco to saxo. Saxo has very "carefull" retes. I.e. lows are not as low as fxcm/refco and highs are not as high...

I dont get it - are we advertizing here or discussing? Why such an adver? saxo is saxo...so what? yes, saxo is respectable and serious institution. izeickl - are you representing saxo or just quoting their site? if so - why?

Most probably the entry will occure lower. The order is removed, and I will use market price. Probably the entry will be after mid europe trading. Not sure. will post. GT.

Hi, Natalie. Just to stress it once more - I trade forex, and only forex. Its just that there were times I had so many questions and no answers. So I want it to be open for others now. I mean, when I started FX (1997), there was . this little info (just as that dot) avaliable on fx, and...

BTW, just replied to one thread about volumes, and wanted to note here for you as well one thing as long as we are getting familiar with forex and fx brokers: You all see the banner up there claiming a while ago 1.5 trill, right? Well, funny thing is that its not 1.5 trill since 2001 -...

Yes, indeed. I wanted to ask him couple of questions, but I guess its useless now. My question would be: According to his style he discribed, he would go long targeting the 30.50. I wanted to know where exactly would he buy? current? wait for 30$? Thats what I wanted to aks. He posted " I...