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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

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Attachments: EURUSD
Exit Attachments

EURUSD

Quoting MoneyMa$ter
I was in at 9:25 am est, and my TP was triggered at 9:35 am (before the news). Most folks know I'm a newstrader; but it was TA that indicated this move would happen. TA was based on prices bouncing off the daily TL and the emas in the one hour chart (sidus-bagovino). We saw it; we discussed it; we traded it; we got paid. Simple.
MoneyMa$ter, agreed,
but maybe we misandertood.
I was not talking about the long direction, which I also took, but i thought you justified the big quick move with the technical analysis.

anyway, good was a good day for some, hope many, of us
I take a short on pound now at 1.8864, for a 30 or more pips
Quoting hidethereal
I wouldn't worry about "why" the market moved the way it did and start taking advantage of the move itself.
Well, you'd like to know the "why" because that which you understand, you can repeat at will.

In addition to the TA there's a fundamental announcement due out on Thursday. ECB will increase interest rates. Thus cable and euro will probably rise this week (between now and Thursday) against the dollar. By the time Thursday arrives, analysts will say the increase was already "priced in" so announcement's impact will be reduced somewhat.

Recognition of technical signals allows you to get in on the move in advance. Understanding the context provided by FA gives you additional reason for expecting a particular market move.
Quoting trucco
I take a short on pound now at 1.8864, for a 30 or more pips
Why?
Quoting MoneyMa$ter
Well, you'd like to know the "why" because that which you understand, you can repeat at will.

In addition to the TA there's a fundamental announcement due out on Thursday. ECB will increase interest rates. Thus cable and euro will probably rise this week (between now and Thursday) against the dollar. By the time Thursday arrives, analysts will say the increase was already "priced in" so announcement's impact will be reduced somewhat.

Recognition of technical signals allows you to get in on the move in advance. Understanding the context provided by FA gives you additional reason for expecting a particular market move.
I find my method much simpler. I don't have to do any of the thinking that you put into your trade reasoning and I still profit. I never look at news. I actually rarely ever watch tv. I looked at the charts, noted important S&R, looked at what price was telling me and made some trades. Simple, stress free, and I don't have to be glued to CNN all day.

I didn't look at any fundamentals and I can "repeat at will" minus the "noise" the news provides.
Quoting MoneyMa$ter
Why?
my indicators, but i guess is false signal.
Im still in but think about if to exit

just scalping now, not expecting a big down move
hey moneymaster, what is TA and TP?
I went at 1.8711 at 4:30am

I was planning to go long before close last weekend but I think changed my mind.

I took the entire fall of GBP/USD last week, 1.9100 area had strong resistance and I expected a retrace to 1.8650 area.

When it got to the 1.8650 area it was pretty evident that there would be a rise. Even the most basic of technical analysis would support this.

-Strong support as seen September 11
-Candle stick formations Dojii and hammer orrrrr well close enough. (4hr chart)

It was pretty evident to me that this would happen, I didn't expect it to happen this soon but I believe it was sparked by fundamentals. There were rumors circulating that the ISM data was going to be USD negative. This is what sparked up trend but it was imminent anyway.

<o> </o>
It will probably meet heavy resistance at 1.8880 but if it breaks this we should see a clear ride up to 1.9050 by Friday.

<o> </o>
So IMO wait for a break above 1.8900 and go long.

P.S. Currently +161 pips
Quoting vder
hey moneymaster, what is TA and TP?
TA is "technical analysis", based on the theory that there are definable, recognizable repetitive patterns in the market place.

TP is "take profit", based on the theory that you correctly bought low and sold high or vice versa.
I'm calling this one and going LONG with money master. I'm calling it "trend continuation breakout".

Long 1.2740
Stop 1.2695
Attached Image
EUR USD really jumped to 1.2755.
During Japan session it can correct down and on European morning it seems reasonable to buy again.
Quoting Warren Forex
ScottH

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Good Trading Next Week !!!

BWM
thanx for d info sir...


happy trading...
Hello,friends!
Let's discuss next trade week.
It's clean for me that we are at first part of great euro-bear campaign.
But it's difficult for me to say about the nearest plans of EUR USD - correction up or next fall down.

I'll be glad if you share your opinion.
Does anybody have something to say?
Everybody is sleeping I guess.
Regarding your question, yes it could be. What makes you think so?
Well for what it's worth I agree and this week have started shorting the Euro for the first time this year, the dollar has a lot more strength when it makes a move at the moment, hopefully the minutes tonight will not go against me
: I think will up for couple days :
{ commercial link removed by mod, please read the forum rules }
looks like it is getting into a big support zone, lets hope some news can help it get bullish
Daily RSI in Eur/USD is completely oversold. Were still in trading ranges. It is dangerous to short at the lower part of the range. Would you long at 1.2950? We're at the same levels on the bottom. Trade the ranges untill proven wrong.
I'll throw my 2 cents in the ring here....I personally am going to buy eur/usd at 1.2448 (if it gets that low) and hold. I think we're due for a pretty good run up. I'm expecting it to hit at the end of this week, or early next....
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