Recent content by SavanteFX

Hi guys, haven't been around for a while! Been busy playing poker for a living :clap: Anyway, any thoughts on buying EUR/USD very shortly. The trend looks to be against USD IMO and with the FOMC likely to maintain the Interest rate, i'm thinking it will continue. Good idea?

Example? :)

You don't have to be smart to be rich Interesting thread. Here's something that I saw a fair while ago. Scientific evidence that IQ does not neccessarily equal financial success. http://www.sciencedaily.com/releases/2007/04/070424204519.htm

Given the very poor news posted about the US existing home sales being as low as they have ever been since being recorded, and Cables inactivity at 2.0500, Eur/Usd's spike and subsequent return to 1.4200-1.4250 range it was exhibiting prior to the news, can we assume that the news may have...

Why would you assume that forecasting a relative consolidation of price action at 2.0500 was a "guesstimate". That level has long been a psychological barrier to many an upward move as can be noted throughout the history of GBP/USD. I feel that it may well stay at around that point for some...

Is that new trading related acronym i havent heard of? :) Yeah too much "Pub" results in an Elliott Wave like occurence...5 steps forward and 3 steps back!

So it seems as if the move is to prepare for a sell trade if the momentum of the price moves towards the downside, staying below 2.0500 and perhaps target a speculative price of 2.0325, news, trends, and indicators permitting.

I'm out. Stop was hit @ 2.0480 giving me +64 pip profit incl. spread. Cheers for the responses. Where to now is the question?

I took a trade at 11:46am. [email protected], things are going well at the moment but i'm not greedy, i'll see if the momentum continues up now the price is close to 2.0500 and if it stagnates i'll take profits at the 2.0480 mark. Wise?

At the moment it has broken throught he 2.0415 and is at around 2.0430. My initial thoughts are to see if it will pull back to the 2.0400 mark and find support there. From my point of view, if the price can be held there it will make another prolonged move up to the 2.0500 mark. Is this a viable...

Hey guys, i'm a new member to these forums and can appreciate that most on you on this thread have what I would see as substantial experience. Although being new to this game I have shorted both GBP/USD and EUR/USD as of 13:30 GMT. It's breaking alot of support levels and i'd just like to hear...