EURUSD only | Page 3824 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading EURUSD only 43,756 replies

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: EURUSD only
Exit Attachments

EURUSD only

  • #76,461
  • Feb 1, 2019 8:25am Feb 1, 2019 8:25am
Quoting Techanalyst
{quote} I would say news is just in the moment thing. I try to stay out of news as much as possible especially NFP. I stick to the charts and they are almost always correct. If I have to stretch my SL a bit more that is fine. How many times i would pick levels and zones on a daily chart, and there is news where it goes for example up and i have sell position, as soon as news is done in a day the price turns and goes back to TP level or near it. For us retail traders it's all about charts and levels/zones. It works for sure.
Wise words. I'd liken the spikes and 'breakouts' as a 'reaction' more than actual trading patterns. It's really a hit or miss because we all interpret news and data differently and one's views would have to align with the big boys' interpretation of the same set of data. If someone else can trade these, well, green pips to him. But as far as I'm concerned, you took the words right out of my mouth. IMO fundys are important in giving an overarching idea of sentiment and direction, but as far as intraday trades go it's all in the charts. There will be bullish days in a weekly/monthly downtrend and vice versa.
You hesitate, you masturbate.
  • #76,462
  • Feb 1, 2019 8:34am Feb 1, 2019 8:34am
Quoting engweijie
{quote} Wise words. I'd liken the spikes and 'breakouts' as a 'reaction' more than actual trading patterns. It's really a hit or miss because we all interpret news and data differently and one's views would have to align with the big boys' interpretation of the same set of data. If someone else can trade these, well, green pips to him. But as far as I'm concerned, you took the words right out of my mouth. IMO fundys are important in giving an overarching idea of sentiment and direction, but as far as intraday trades go it's all in the charts. There...
I agree my friend, Fundy or techi trading both are same to me.... one need years of experinece and skills to beocme succesfull in any of those ... you cant just become a techi or fundy trader in years one or two...but some how if u can master both then I guess you will become an awesome trader IMO


Happy Trading
Trades technical moves enforced by fundamentals
  • #76,463
  • Feb 1, 2019 8:37am Feb 1, 2019 8:37am
M5 LL-HH range formation

Kay: this is one we talked about this week....
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #76,464
  • Feb 1, 2019 8:38am Feb 1, 2019 8:38am
Quoting post
{quote} I agree my friend, Fundy or techi trading both are same to me.... one need years of experinece and skills to beocme succesfull in any of those ... you cant just become a techi or fundy trader in years one or two...but some how if u can master both then I guess you will become a awesome trader IMO Happy Trading
Yeah. Its usually either or. I rarely see guys like you who combine the two and do it so well. You're an outlier lol
You hesitate, you masturbate.
  • #76,465
  • Feb 1, 2019 8:42am Feb 1, 2019 8:42am
Quoting engweijie
{quote} Yeah. Its usually either or. I rarely see guys like you who combine the two and do it so well. You're an outlier lol
I am just trying.... like you guys said... you need to pick the levels.... then add fundy to it as spice

Trade Safe my friend.... NB: considering the Friday trade ..I will watch my positions carefully..dont wana spoil my weekend

Have a nice weekend pal
Happy Trading
Trades technical moves enforced by fundamentals
  • #76,466
  • Feb 1, 2019 8:45am Feb 1, 2019 8:45am
Quoting knkie
M5 LL-HH range formation Kay: this is one we talked about this week.... {image}
yep spotted it ..thank you!!
  • #76,467
  • Feb 1, 2019 8:53am Feb 1, 2019 8:53am
I have been randomly collecting some of the thecnical analysis screenshot posted lately.

If Technical analysis was a science or anything close to that, everyone should agree on the direction.
It seems to me more like an horoscope where you can decide which sign you want to be for the day.

No matter what you believe, you will find a chart, a trendline, a support, an oscillator, a magic number to confirm it.

yet another 2 Cents.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd h1.png Size: 31 KB
Attached Images
  • #76,468
  • Feb 1, 2019 8:54am Feb 1, 2019 8:54am
Monthly, weekly and 2 week all scream for up
  • #76,469
  • Feb 1, 2019 8:57am Feb 1, 2019 8:57am
Quoting frankjibe
I have been randomly collecting some of the thecnical analysis screenshot posted lately. If Technical analysis was a science or anything close to that, everyone should agree on the direction. It seems to me more like an horoscope where you can decide which sign you want to be for the day. No matter what you believe, you will find a chart, a trendline, a support, an oscillator, a magic number to confirm it. yet another 2 Cents. {image} {image} {image} {image} {image} {image}
I think at the end of the day, it boils down to how you interpret what you see on the charts. We could both be presented with the same chart, same indicators and whatnot, but you and I could very well see two different things. Same as fundemental analysis - how you interpret the data presented to you.
You hesitate, you masturbate.
  • #76,470
  • Feb 1, 2019 8:58am Feb 1, 2019 8:58am
Took a short at 1.1479. Willing to gamble a little bit with this resistance zone.

Would be nice to see a strong ISM report. Not sure how this mixed bag of reports will play out.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_1H.png Size: 39 KB
  • #76,471
  • Feb 1, 2019 9:01am Feb 1, 2019 9:01am
Quoting frankjibe
I have been randomly collecting some of the thecnical analysis screenshot posted lately. If Technical analysis was a science or anything close to that, everyone should agree on the direction. It seems to me more like an horoscope where you can decide which sign you want to be for the day. No matter what you believe, you will find a chart, a trendline, a support, an oscillator, a magic number to confirm it. yet another 2 Cents. {image} {image} {image} {image} {image} {image}

my approach works relatively well. I look at the day's trading patterns. how many pip movements over what time period are "repeatable" and treat the price as a combination of trends and ranges.

So usually the trades tend to be short term, taking in fewer pips but generally in line with the current week's trend. That does not make you a millionaire. but it also avoids massive drawdowns. (been doing this for a decade on and off).
  • #76,472
  • Feb 1, 2019 9:02am Feb 1, 2019 9:02am
US PMI positive. USD positive for the next couple of minutes.
  • #76,473
  • Feb 1, 2019 9:03am Feb 1, 2019 9:03am
CLOSED ALL long PMI good
Attached Image (click to enlarge)
Click to Enlarge Name: CLOSED ALL.PNG Size: 29 KB
Self discipline It is a practice
  • #76,474
  • Feb 1, 2019 9:04am Feb 1, 2019 9:04am
Quoting frankjibe
I have been randomly collecting some of the thecnical analysis screenshot posted lately. If Technical analysis was a science or anything close to that, everyone should agree on the direction. It seems to me more like an horoscope where you can decide which sign you want to be for the day. No matter what you believe, you will find a chart, a trendline, a support, an oscillator, a magic number to confirm it. yet another 2 Cents. {image} {image} {image} {image} {image} {image}
Take the number/level not their sentiment.compare it to yours.then look closely how price behave in those level and you decide where it's going to go.close above long - close below short with position management.is the projected reward worth the risk.in the end it always you who take charge.
Don't mind me.. i'm crazy
  • #76,475
  • Feb 1, 2019 9:04am Feb 1, 2019 9:04am
Quoting engweijie
{quote} I think at the end of the day, it boils down to how you interpret what you see on the charts. We could both be presented with the same chart, same indicators and whatnot, but you and I could very well see two different things. Same as fundemental analysis - how you interpret the data presented to you.
Thank you engweijie, it is a good point, and I've spent quite some time back in the days to understand exactly that: how to interpret.

In my years of research I've find no agreement (through several books and forum) on how to interpret a chart or indicator and everything boils down at the end to "personal beliefs". I wonder then why someone needs to draw lines and build indicators when all he could do is to bet on his personal belief on a naked chart.

I think is mostly because we are engaged in a risky operation and we want some psicological comfort that many traders apparently get from constructing artificial "science facts" on a chart.

I'm open for constructive debate.
  • #76,476
  • Feb 1, 2019 9:06am Feb 1, 2019 9:06am
Quoting post
{quote} TP Open and added second lot at 1.1485, SL the same Happy Trading
Second one closed at 1.1455! .....will let the first one to run... Less stress lesss risk...


Happy Weekend to all

Happy Trading
Trades technical moves enforced by fundamentals
  • #76,477
  • Feb 1, 2019 9:09am Feb 1, 2019 9:09am
Quoting Techanalyst
Bulls are done for today. Going down to 1.144x area. {image}
NFP close below 1.147x and usdx candle is kinda scary..pmi clear it up i guess
Don't mind me.. i'm crazy
  • #76,478
  • Feb 1, 2019 9:09am Feb 1, 2019 9:09am
Quoting mej504
Took a short at 1.1479. Willing to gamble a little bit with this resistance zone. Would be nice to see a strong ISM report. Not sure how this mixed bag of reports will play out. {image}
SL now at BE. Just letting this run stress-free for now. No real target in mind right now.

Would be nice if DXY breaks through this resistance zone.
Attached Image (click to enlarge)
Click to Enlarge Name: USD.png Size: 69 KB
  • #76,479
  • Feb 1, 2019 9:10am Feb 1, 2019 9:10am
need 1.1452 to complete 1st fakeout for next leg down ..
  • #76,480
  • Feb 1, 2019 9:11am Feb 1, 2019 9:11am
Quoting frankjibe
I have been randomly collecting some of the thecnical analysis screenshot posted lately. If Technical analysis was a science or anything close to that, everyone should agree on the direction. It seems to me more like an horoscope where you can decide which sign you want to be for the day. No matter what you believe, you will find a chart, a trendline, a support, an oscillator, a magic number to confirm it. yet another 2 Cents. {image} {image} {image} {image} {image} {image}
get rid of the indicators and the information is all there.
If a trader decides to ignore new information then the outcome will be different.
in wondering about yourself, you forgot what you came here to be part of
137 traders viewing now, 2 are registered:
123tripble
,
Traderlibre