Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

+3000 pips in 15 minutes was crazy stuff on Friday. we're near a monthly support, major one. 1.040 and i think it may take an hold here.


I got some support at 1,065 from the monthly. But I think we are going south.


Share this post

Link to post
Share on other sites

JP Morgan cheif strategist Jan Loeys just released their quarterly outlook report, (counterparty circulation material, not for public)

Hes still maintaining their sights on 100 for USDX in Q2 2015

Highlights the fact usdx bullishness in 2014 was primarily weakness in the dollar basket economy fueling the dollar index's rise

This time, the approach to 100 will be fueled by sheer restriction in supply of dollar as reflected by interest rate hike

Share this post

Link to post
Share on other sites

I expect nothing too significant this week as there is not a lot of normal economic news. I shorted at the open and am currently sitting on a nice few pips. Currently looking at cashing it at around 1.077ish before a bounce. I will be looking for a price to sell upward movement.

Share this post

Link to post
Share on other sites

Hind sight is always great. Looking back only seven weeks ago when the EURUSD was trading about 600 pips lower, the chatter in the trade was when the euro was going to trade at parity. There was even one very large investment house projecting the euro would be trading in the low nineties versus the USD when we welcomed in 2016. How things have changed.

After nine months when the USD continually gained on the euro, the trend reversed as we have rallied close to the 1.14 handle. One expert claims if we trade to the top side of 1.14 we are headed for 1.20. Since this expert was bullish on the euro at 1.40 and remain so for months after the euro had topped I am wary following his trades, though sometimes it is helpful to remember those pundits who are usually wrong.

Share this post

Link to post
Share on other sites

Forex Forecast: GBP/USD outlook negative, EUR/USD to re-test Black Monday highs, USD/CAD to 1.55?


EUR/USD: 1.16-1.17 retest ahead


Woodcock maintains his bullish view for EUR/USD, expecting a retest of the ‘Black Monday’ highs around 1.16-1.17 area, noting that the pair sees a good support around 1.1220 levels.


See more at: Fx Forecast: GBP/USD outlook negative, EUR/USD to re-test Black Monday highs, USD/CAD to 1.55? | TipTV.co.uk

Share this post

Link to post
Share on other sites

Wednesday March 30


We study the losing trade of today session. (Each candle represents a M5 period).


We had a buying opportunity testing the 1.1346 support (previous daily resistance). We had formed a neutral pin bar closing just above support ( red line), I bought.


The session unfolded like this:


1. Price closing inside previous neutral pin bar range at 1.1347

2. Price retesting the upside of the Daily red support and resistance and closing below at


3. Price continued going down showing some sign of buying at 1.1339 but closing bearish

and below the previous candle low.

4. I did not react to it and price hit the SL located below the ìn bar low at 1.13369


Entry is marked with the Green arrow and Exit is marked with the Red Arrow.


Hope is it helpful. God bless, a hug in Jesus and Mary!


Share this post

Link to post
Share on other sites

Thursday, March 31 2016 (EurUsd M5)


As today we had basically an all day up session. As the start of the session at 10:30 am NY time we see price trying to go to the upside and testing the 1.1402 level (H4 green resistance), after that price decides to go down back again an test the 1.1383 level as support (M5 yellow support) and formed a green bullish closing candle what showed some continuation and went up again to test the 1.1402 level (H4 green resistance). Price forms another bearish closing candle that took price down to the 1.1383 level again (M5 yellow support), then we see 5 sessions of consolidation and a big bearish candle, we enter in the next one after that marked with the red arrow which closed below the 1.1383 level, got stopped out just 3 candles after because we did not react to the bullish candle formed after the 3 bearish candles and that was bouncing just in the 1.1380 level (H4 Green Support).


That was the mistake of the day. God Bless




John 18:37 And so Pilate said to him, “You are a king, then?” Jesus answered, “You are saying that I am a king. For this I was born, and for this I came into the world: so that I may offer testimony to the truth. Everyone who is of the truth hears my voice.”


Share this post

Link to post
Share on other sites

EUR will yield this week gains against Dollar in next week. I would call next week a "Dollar rally" as the odds of rate hike reached almost 50% in December what is bullish signals. Going to bid on Dollar next week.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Similar Content

    • By edakad
      Firebird is an indicator to identify the price spikes in the market. Firebird indicator first calculates a 10-period moving average, then shifts this moving average a certain percentage above and below the 10-period moving average. The shifted averages are drawn on chart as the red and green line. When price touches these lines, price spike is identified. Usually after a price spike, the trend reverses for some time. The indicator can be used to take advantage of this price behaviors. In daily chart usually the 10 period MA is shifted by 2 percent to form the price bands. On lower time frames like Hourly, Four Hour a smaller percentage price shift is used like 0.5% . The important consideration here is most of the price bars must be contained within the upper and lower bands.
      When price reaches above the upper red band, a sell position is opened. When price reaches the lower green band, buy position is opened. Trades can be managed with proper stop loss and take profit. In the picture, Firebird indicator is attached to daily chart of EUR/USD with 2% shift on MA. Note that almost all price bars are within the price bands. And when price extends beyond these bands, price trend reverses and comes back into the bands.

    • By jason.lee
      How to reduce eroding Forex slippages? Slippage is more likely to occur in times of higher volatility (perhaps due to market events) and it makes a market order at a specific price impossible to execute. Such times are when large orders are executed, when market orders are used and when there is not enough interest at the desired price level to keep the expected trade price. 

      Slippage is neither negative or positive movements, it is simply the difference between the expected purchase price and actual executed price. Since the corresponding securities are bought and sold at the most favorable price available, an order can result differently. In this situation, most forex dealers will execute the trade at the next best price.  In forex world, the market prices changes fast and the slippage happens in times of delay between the order placed and its completion. 

      Slippage is the difference between the expected filled price of a trade and the actual price filled. In other words, when your trade is executed at a worse price than requested, so it is “slipping” from the original order price. It happens between the time that a trader enters the trade and the time the trade is made. It can happen to everyone in any given trading market; stock, currency, or commodity.

      This may be caused by an ineffective broker, increased liquidity and fast market. The forex market is very liquid and there are limited amounts of slippage.

      Share your Idea Please
    • By jason.lee
      Does it mean that you are an expert just because you make a lot of profit? The amount of profit cannot be used to measure the value of a trader. Yes, you must be doing something right if you are making a frequent profit. However, that does not determine if you are an expert or not just by your profit. This is quite a common misunderstanding in the forex industry.
      Making a large profit is only one side of the forex market. Majority of forex traders tend to lose most of the time after they have experienced profit. But why?
      So many traders fall into a fantasy land where they make an endless amount of money at the beginning. Many beginner traders tend to gain profit at the start not knowing the importance of technical analysis of the market.
      The experts on the other hand who stayed became wealthy and stayed that way, continue gaining profit, are all knowledgeable when it comes to the basics. Experts have dialed many ways to control their minds to be set right to be a trader.
      Understanding of the market is a must know anyway. Expert traders wait patiently until the right opportunity comes. Opportunity comes to everyone.
      What differentiates the experts and the beginners is that experts know when the opportunity has come and knows to take advantage of it. Making profit by luck is possible, and yes luck is also very important. But can you profit with luck every time?
      How an expert trader is determined is not by how much the person gained, it’s about the precision and the frequency of results. Profit can’t be maintained by luck. It is maintained and is a result of precision and strategical execution. You shouldn’t worry because you’re not gaining any profit right now.
      You should be building your skill sets to be a better trader by experiencing many trading situations of losses and wins. If you invest in your time to improve, your results are guaranteed to increase more frequently and will become more stable.
    • By glimm
      Now - "Long"
      SL/TP - Fibo values

    • By stefan066vr
      I'm looking for a reliable forex signal service (better with pending orders), with real and transparent results, I would be happy if someone answered me ... thanks
  • Topics

  • Posts

    • EURUSD expects more weakness on bear pressure as we enter a new week. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.1000. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD expects more weakness on bear pressure as we enter a new week.      
    • The best VPS will have all the features listed below:   The best cloud VPS services are not for everyone. They’re for very important people only.   Every VPS Includes: 1.         Gigabit Transfer 2.         Unlimited Sites 3.         Dedicated IP Addresses (multiples IPs) 4.         CloudFlare CDN 5.         Server Secure Advanced Security 6.  Integrated Firewall 7.  Local Backups 8. DDos Attack Protection 9.  Panel/WHM or Plesk Onyx Available 10. Root Access 11. Easy Scalability (upgrade or downgrade) 12. 100% Network and Power Uptime SLAs   All VPS hosting isn’t created equal. ItuGlobal's managed virtual private servers (VPS) provide you with the power of a dedicated server and the flexibility of cloud hosting – and they all include support from the best customer support available to assist 24/7/365 via phone, email, and chat.   More info here: https://www.instantforex.com.ng/vps.php      
    • “There’s nothing we love more than helping traders make more money.”   Rule-based discretionary traders are among the best traders on this planet. Our CEO (with 12 years of experience) is the one behind the system. The system used for ItuGlobal Forex PainKiller is derived from many years of experience in the Forex markets. It’s a swing cum position trading strategy, which seeks to take advantage of important areas where prices may go out of balance. We use stops, but no take profit targets. A minimum of 5 positions are held at a time, for a minimum of 2 weeks. Some trades are left for one month or more.   Over 95% of traders frequently or eventually experience pains of losses. Forex Painkiller is designed to relieve the pains you experience in the markets, using safe position sizing and optimal entry criteria. Be aware that many great trading systems are counter-intuitive —which is why they work. The system completely goes against how many people tend to view and approach the markets.   More info here: https://www.instantforex.com.ng/forex_signals.php    PROFITABLE TRADING SIGNALS SERVICES – INSANE ACCUARCY  
    • Please don't move close to binary options. They are not regulated anywhere! They are the easiest way to be scammed. Focus on forex, indexes, etc and forget them.
    • A mini option is for 10 shares of the underlying stock or ETF, rather than 100 shares as is the case with “regular” options. So far, there are mini-options only on five stocks: Amazon (AMZN), Apple (AAPL), Google (GOOG), Gold ETF (GLD), and S&P 500 SPRDs (SPY).
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.