EURUSD only | Page 4796 | 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

  • #95,901
  • Oct 4, 2019 10:26am Oct 4, 2019 10:26am
Quoting Adam.k
Today my broker ICMARKETS executed a pending order much way (20 pips) after my initial price and the order price was a price that market didn't reach at all!!!! WTF do you know better broker? I'm gonna change it asap
Fbs
Risk comes from not knowing what to do
  • #95,902
  • Oct 4, 2019 10:31am Oct 4, 2019 10:31am
Quoting Adam.k
Today my broker ICMARKETS executed a pending order much way (20 pips) after my initial price and the order price was a price that market didn't reach at all!!!! WTF do you know better broker? I'm gonna change it asap
This is not the place for that.but why you didn't just call them and ask?.did this happen during nfp minute?a lot of broker do the same thing..widen the spread during nfp.tha's why i don't do pending during news
Don't mind me.. i'm crazy
  • #95,903
  • Oct 4, 2019 10:47am Oct 4, 2019 10:47am
Quoting Austyno
{quote} The way i see it we might see 1.10105 today. Tp adjusted to 1.10105 My buy limit is still pending
1.1xxx today
This will surprise me
  • #95,904
  • Oct 4, 2019 10:50am Oct 4, 2019 10:50am
Quoting Austyno
{quote} The way i see it we might see 1.10105 today. Tp adjusted to 1.10105 My buy limit is still pending
I would have removed such a long awaited limit
Good wishes
  • #95,905
  • Edited 11:16am Oct 4, 2019 10:57am | Edited 11:16am
Quoting Chicago-Greg
{quote} 1.1xxx today This will surprise me
Yeah two unsuccessful stabs at the 1.1000 level in the last 24 hours. Very likely we will have to wait until next week to see it taken out. But you never know....
Attached Image (click to enlarge)
Click to Enlarge Name: 201910041055AM EURUSD.jpg Size: 104 KB
  • #95,906
  • Oct 4, 2019 11:08am Oct 4, 2019 11:08am
Quoting purevenom
{quote} This is not the place for that.but why you didn't just call them and ask?.did this happen during nfp minute?a lot of broker do the same thing..widen the spread during nfp.tha's why i don't do pending during news
It's the place for that as long as happened when I was trading EURUSD I already raised a ticket to the broker but I want to switch for a better one mainly for trading EURUSD... Better from spreads and commission point of views... For that I'm asking EURUSD guys
We are only learners in this life
  • #95,907
  • Oct 4, 2019 11:41am Oct 4, 2019 11:41am
Quoting Adam.k
{quote} It's the place for that as long as happened when I was trading EURUSD I already raised a ticket to the broker but I want to switch for a better one mainly for trading EURUSD... Better from spreads and commission point of views... For that I'm asking EURUSD guys
I understand that many choose to trade EURUSD precisely because the spread is smaller and more reliable compared to other pairs. But this is not to say that the spread NEVER goes above some particular level. Before you look at a chart and say: "What?!?!? the price never hit my fill level!!!!!" Be certain you are looking at the right chart. Was this a buy or a sell? If it was a buy, are you looking at a bid chart? If it was a sell, are you looking at an ask chart?

Take a look:

Attached Image (click to enlarge)
Click to Enlarge Name: 20191004 1129 AM BID ASK COMPAR.jpg Size: 360 KB


On the 15Min chart with my dealer (Oanda) you can see that during the 12:30 UT candle the bid chart peaked at 1.09953 but the ask chart peaked at 1.10029. This means that for at least a flash of time the spread expanded to 7.6 pips. And if a lot of EURUSD traders using various platforms and dealers look at that same time period they are all likely to see an increase in the spread there to varying degrees.

So what happened today about four hours ago to cause this spike in the spread? We can only speculate and I am sure someone will likely hang doggedly to some theory.

But the long and the short of it is that if your implementation will blow up merely because of a temporary spike in the spread you may need to reorient your approach to prevent such troubles.

Good luck.
  • #95,908
  • Oct 4, 2019 12:59pm Oct 4, 2019 12:59pm
Quoting ArbitragAcid
{quote} I understand that many choose to trade EURUSD precisely because the spread is smaller and more reliable compared to other pairs. But this is not to say that the spread NEVER goes above some particular level. Before you look at a chart and say: "What?!?!? the price never hit my fill level!!!!!" Be certain you are looking at the right chart. Was this a buy or a sell? If it was a buy, are you looking at a bid chart? If it was a sell, are you looking at an ask chart? Take a look: {image} On the 15Min chart with my dealer (Oanda) you can see...
8:30 EST was the NFP news release (one of the most important news) so liquidity will certainly vanish. This is true for any news event. Around the news time, you can expected spreads of 10times usual spread or even more.
Think : Trade : Live Life
  • #95,909
  • Oct 4, 2019 1:21pm Oct 4, 2019 1:21pm
Quoting stt
{quote} 8:30 EST was the NFP news release (one of the most important news) so liquidity will certainly vanish. This is true for any news event. Around the news time, you can expected spreads of 10times usual spread or even more.
And that may very well be true. As I said, "someone will likely hang on doggedly to some theory". And if that helps you, more power to you. My point is that one cannot anticipate every spike in the spread. News or no news, bad dealer or good dealer, flash-crash or simply the close of a candle:

"Spread Happens"

And "spread happens" in every pair and with every dealer including EURUSD and your dealer even if he makes "guarantees".
  • #95,910
  • Oct 4, 2019 2:31pm Oct 4, 2019 2:31pm
To end the week!

Lets work with that possible small triangle. So we could test 1.0971 then higher to test 1.0997 and break it. Or in the worst cause a rejection from 1.0997 to continue ranging to the pivot 1.0958 and then a bounce. If see 1.0960/5 I will buy.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 220 KB
Don't believe me just watch!
  • #95,911
  • Oct 4, 2019 6:10pm Oct 4, 2019 6:10pm
Hope everyone had a productive first October. I have a few negative shorts still but that's ok, weekend swaps. I did manage to get in at the tip top of that test around 1.09945. Have a good weekend.
  • #95,912
  • Oct 5, 2019 2:26am Oct 5, 2019 2:26am
Attached Image (click to enlarge)
Click to Enlarge Name: EUR1658.png Size: 77 KB
  • #95,913
  • Oct 5, 2019 3:17am Oct 5, 2019 3:17am
Vol Whips
  • #95,914
  • Oct 5, 2019 4:29am Oct 5, 2019 4:29am
Quoting ArbitragAcid
{quote} {image} I use a 4HR chart with a 48 period MA which is roughly an 8dayMA. When shorting, I place orders to sell short at intervals of 20 pips above the MA. If the price goes all the way up to 100 pips above the MA I will have 5 shorts going. Then, when it goes back below the MA I take profit at levels of 20 pips below the MA. I take off parts of the total position as the price goes down and I get completely out flat when the price goes back up through the MA. On that last trade I took profit at five levels before closing out completely when...
Looks like you are a person who enjoys the process of living rather than worry about the outcome.
Your simple setup reflects your personality.
Why have you chosen 20 pips and not 25?
Have you determined that 48 4 hr moving averages frequency delivers maximum 20 pips very frequently?
Just curious to know your process of analysis.
Practice makes a person perfect
  • #95,915
  • Oct 5, 2019 4:33am Oct 5, 2019 4:33am
Hello All,

Thought I share my Idea on EU...

Stay Well
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 23 KB
  • #95,916
  • Edited 8:56am Oct 5, 2019 6:48am | Edited 8:56am
Quoting ArbitragAcid
{quote} {image} I use a 4HR chart with a 48 period MA which is roughly an 8dayMA. When shorting, I place orders to sell short at intervals of 20 pips above the MA. If the price goes all the way up to 100 pips above the MA I will have 5 shorts going. Then, when it goes back below the MA I take profit at levels of 20 pips below the MA. I take off parts of the total position as the price goes down and I get completely out flat when the price goes back up through the MA. On that last trade I took profit at five levels before closing out completely when...
now I have to try this as my 256th approach , as u have made it look so easy.

Kidding aside, thanks for sharing. how would u set your sl? In a spike, your MA will pitch sharply up, so even the price drops across, the total basket could still be a loss.
  • #95,917
  • Oct 5, 2019 6:16pm Oct 5, 2019 6:16pm
Quoting baldmonk
{quote} now I have to try this as my 256th approach , as u have made it look so easy. Kidding aside, thanks for sharing. how would u set your sl? In a spike, your MA will pitch sharply up, so even the price drops across, the total basket could still be a loss.

Hey all we can do is keep polishing until we have an approach that fits us as individuals.

Like any approach, mine will take losses from time to time. And in rare cases (less than once year, but that could change) it will take a complete loss all the way to the initial 350 pip SL. There are components to my position sizing plan to deal with that reality.

As I take on a series of wins I decrease my total risk per trade with each new trade so that when the next loss hits my size will not be as big as my wins. After a loss I take full position sizes again and decrease slightly with each win until the next loss...etc.

Also, I consider the most recent break of the 100 day price channel to filter for direction. If that channel is broken in a new direction in the process of handing me a loss I will enter in the new direction with certain other criteria for such a "reversal". But if that is not broken we have likely had a big counter-trend swing and a large re-entry at the next break of the MA in the direction of trade will be taken. (Historically the majority of losses are thus recouped on that next trade, but I realize the future could do anything).

I realize that this among other aspects of my implementation flies in the face of many words of common wisdom.

To take this all back to EURUSD:

Take a look at June 24th, 2019: EURUSD came within 40ish pips of breaking the 100 day price channel to the north. Being that close to doing so I began anticipating a reversal and tried to get in front of it, breaking my own rules, and I paid the price with a loss. I walked away with a stronger resolve to stick to my plan.

Until we break a fresh 100 day high, I am just taking shorts.
  • #95,918
  • Oct 5, 2019 7:08pm Oct 5, 2019 7:08pm
Quoting simnz
{quote} Looks like you are a person who enjoys the process of living rather than worry about the outcome. Your simple setup reflects your personality. Why have you chosen 20 pips and not 25? Have you determined that 48 4 hr moving averages frequency delivers maximum 20 pips very frequently? Just curious to know your process of analysis.
There is nothing really special about 20 pips. I simply wanted to divide the move away from the MA into six pieces because I feel like keeping up with six entries and exits is work enough (one could manage 25 entries at 5 pip intervals if they had the energy).

The basic idea is that we have very likely odds that EURUSD will move to a distance of 150 pips or less from the 8dayMA and swing back across the average. Maybe it will be 25 pips, maybe 62, maybe 112, whatever it is my setup will fade that move because I have entries at many levels.

I admit that my selection of a 48p4hrMA is a straight up case of curve-fitting. EURUSD has historically swung across that MA roughly a little more often than once a week over the last two years. (Albeit sometimes it can go a whole week without crossing the MA and as recently as Sept 12th it crossed below by over 90 pips to return to 40 pips above in hours).
  • #95,919
  • Oct 6, 2019 2:17am Oct 6, 2019 2:17am
Daily S/R Levels for Monday

  1. The MOFU-Low area is my most crucial support: I will keep buying dips as close as it gets to 1.0927
  2. The classic red trendline on the chart might resist or support, not clear to me yet but the last candle has definitely closed above my WMA 17 line, meaning price actually stepped into bullish territory!
  3. 1.10155 area is most crucial resistance and might become a bouncing spot for sellers.
  4. My bullish bias (currently my priority): As long as price keeps bouncing up from double bottom area: 1.0870 to 1.0917 I would only look to buy dips.
  5. My bearish bias (this comes later): Once/if bulls start to hesitate inside the 1.1015/60 zone I would also wait to see some signs of rejection to be able to make use of sell opportunities.

I hope it helps.. enjoy your Sunday folks Peace..

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EU-Daily-SR-Levels.png Size: 29 KB
Focus only on what truly matters!
  • #95,920
  • Oct 6, 2019 11:34am Oct 6, 2019 11:34am
Quoting HiddenGap
Looks like the Market may be primed for a run-up to HB.
Update:

The Market didn't get there yet.

Although we may be seeing the beginning of acceptance above the most recent L2 Strong Buying Aggression Bar, the trend remains DOWN.

HalfBack (HB) is the line in the sand: Longs above and Shorts below.

Supply entered the Market on Thursday, however, it was not confirmed on Friday as the bar on Friday closed UP. But Friday was an EvR bar. It has almost equal volume with about 2/3 the range. This bespeaks of weakness. Bears want to see a DOWN bar next or an UP bar on volume less than the previous two bars (No Demand). They also wouldn't mind a wide spread UP bar that kisses HB and closes near its low (Up Thrust). Bulls want to see price cross HB. Price crossing and closing above HB itself does not change the trend, but it lets the Bulls know the market is at least 2-sided rather than controlled by sellers.

Attached Image (click to enlarge)
Click to Enlarge Name: VSA 6.png Size: 121 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
48 traders viewing now, 2 are registered:
,
thexperience