EUR

Quingu
yes that is my approach.... the handful of very big boyz control fx and the only way to trade succesfully in the long range is to follow the money.... but not to follow the herd ...the latter
is swing trading and scalping one can do both with tight sl and tp management

"Trying to nail the exact timing with fundamentals is far more difficult (and unlikely) than using chart technicals and above all, price action. To play fundamentals only you need to be able to withstand very large drawdowns for extended periods of time and then --- what if the fundamentals suddenly change ? and price never returns to your entry levels which were derived from your opinions a few days/weeks/months ago ?"

daveo, yes i agree.


but, i guess catnip use same methodology like me. imo, this world run by some "group" or "person" (not real group or person). all i need to do is determine what they want to do, what they can do, or something like this. it also refer to "the invisible hand" which can be determined.

if anyone can build a full function model (which hard/cant be done), they also know the timing (not possible to have a mistake. that is also why it hard/cant be done).

this time ashraf and catnip only had one mistake which are they miss understand china effect to usdx and eurusd. (from mid dec 2010)

this is not normal. there must be something going on but we dont know. and maybe just self-reflection we couldnt understand at this moment.

subway90, thanks for your reply.

@daveo, ya u right i shouldn;t just be offering the workshop but ur kind&helpful to me so i just thought i would offer but ur right only if ashraf oks it..gl this week:)

fastpips...

thank you for your kind words... :)

my favorite currency would be the Euro but i do trade gbp, Aud, chf and Yen... i concentrate mostly on these pairs...

i wish i could post my charts but honestly i'm not that good with my computer...
still have to learn to do that... :)
for the meantime... I will try to post my view on a daily basis...

i expect 3650(3700 max) level to provide good resistance initally for pullback towards 3500/20 level... as long as we don't see clear close above 3650 level on 8 hour candle(negative closing on 8 hour candle would be a good signal to short)...
clear break below 3500 level would already signal bigger correction down to 3350 then 3200 level...

expected range for the week : 3350-3650(3700 max) ... daily close above 3700 level would be a warning signal for a much stronger upmove towards 3800 and possibly 4000 level...