GJ tends to move rapidly whenever S/R level is broken. Make sure you put your stop loss accordingly, especially when you are betting on trend reversal.

i agree with Lord1700. i think we have enough dedicated and interested people in forex trading here in lowyat to warrant us a dedicated subforum

any chance it is caused by broker's bid/ask price or spread difference between you and them? if not then definitely they are not being honest and people should be very cautious in following their signals.

For me, the tendency is still towards SHORT i.e following the trend. However, I'm a bit cautious of correction move since E/U is pretty much oversold already. To sum up, SHORT with caution

BTW I noticed in the charts that you attached, there is an indicator that mentions 'X hours Y minutes Z seconds to close bar'. May I know how to get that, please? TQ

How long do you think we'll get to 1.33?

Wow, that's very specific. Thanks, man

@AdamG1981

Thanks to your tip I've made hundreds of pips already buying E/U . I just want to check with you, do you still think it could reach 1.33? Any particular reason you pick that TP? The reason I'm asking is because I see that the 61.8 fibonacci is around 1.32 and based on H4 it's in overbought region already. It looks to me retracement is coming soon. Hope you could share your wisdom.

I agree with you on that. That's why I want to learn from him. If it's up to my level of knowledge, I might have missed the extra 100 pips

We don't look at the charts all the time. Just from time to time . For me, if i have my money riding on that charts, i won't be bored. It's fun!

I'm trading one long term position and multiple intraday positions. Have made 500+ pips on E/U so far. The long term position is set to 1.33 same as you but contemplating hard whether to close or not

May I know which pair do you normally trade?

Adam, do you mind sharing your personal outlook for E/U as we are near the ECB rate decision this Thursday?

Why Yen pair all dropping? Do you guys think it's a correction move? U/J bouncing at 38.2, G/J still at 23.6 currently. don't know if it's a new trend or just correction before shoot up again. Any thoughts guys?

This post has been edited by z2forex: May 6 2009, 09:52 AM

That means investors think that the numbers are not going to be good and dollar will fall further right? I am still learning FA and confused all the time lol