EURUSD | Page 59161 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

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

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #1,183,201
  • Sep 8, 2020 4:30pm Sep 8, 2020 4:30pm
Quoting here2there
{quote} His Stochastic settings are excellent! I can see how useful this could be with the Supply and Demand indicator I am using. Even on higher time frames. {image}
Maybe a bounce up from here?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.xH4.png Size: 98 KB
  • #1,183,202
  • Sep 8, 2020 4:38pm Sep 8, 2020 4:38pm
Quoting MrBullBear
{quote} That is why they trade gold, you can use insane lots. And he need it because he gets in and out in a blink. Few seconds is enough with a big lots.
Check this out!

Upload the following indicator to your chart. Set the period to 8, the 1st band to 0.5, and the 2nd and 3rd bands to 0.0 (zero). And set the button to true.

Attached File(s)
File Type: mq4 vwap-bands-indicator_wBtn.mq4   20 KB | 319 downloads

Then add the Stochastic indicator to your chart using his settings of 30, 15, 1. Overbought at 75 and oversold at 25.

After you have done that, go to EURUSD and look at the 4HR chart. Examine how it all flows and see the potential! Digger1's Stochastic settings appear to work very well with the VWAP bands indicator on the 4HR chart (using the settings I have given you).
Learn from your mistakes and march on.
  • #1,183,203
  • Sep 8, 2020 4:43pm Sep 8, 2020 4:43pm
Quoting here2there
{quote} His Stochastic settings are excellent! I can see how useful this could be with the Supply and Demand indicator I am using. Even on higher time frames. {image}
He uses different settings depending on time frame. He gave me his settings that I use in m30. But I barely use it coz I trade differently. But I still want to continue to learn from him. Also from Dingoman2. My mind is just stubborn coz what I am doing now is giving me consistent results and I don't want to mix it with other method. It may cloud my judgment. But when I become mechanical with my own, I will surely try to learn their method.
Only an idiot knows with certainty to where the market is going.
  • #1,183,204
  • Sep 8, 2020 4:46pm Sep 8, 2020 4:46pm
Quoting MrBullBear
{quote} He uses different settings depending on time frame. He gave me his settings that I use in m30. But I barely use it coz I trade differently. But I still want to continue to learn from him. Also from Dingoman2. My mind is just stubborn coz what I am doing now is giving me consistent results and I don't want to mix it with other method. It may cloud my judgment. But when I become mechanical with my own, I will surely try to learn their method.
If you've got something working for you, then it's wise to stick with it. But that 4HR chart with the info I shared with you in my previous comment might come in handy for higher time frame trading.
Learn from your mistakes and march on.
  • #1,183,205
  • Sep 8, 2020 4:47pm Sep 8, 2020 4:47pm
Quoting mistaouting
{quote} thanks for taking to time to explain. what do you mean by skew? current futures bid and ask are trading higher than current price on euro....could you see logic in assuming market paying a slight premium on Euro futures if they didn’t think they were buying it cheap come sept 20th or selling cheap also cant you look at puts and calls to gauge sentiment
Skew as in the shape of the implied volatility curve. It's usually referred to as a smile because the at the money options have cheaper volatility built into them, while farther out of the money options have higher volatility in their price. For example, in crude oil, CL, the out of the money puts are valued way higher than the calls, people are afraid of oil falling apart, but not afraid of a spike up. In the old days, it was always the opposite, people weren't afraid of oil going down, but afraid of a big spike up. Futures prices on currencies are just simple math, nothing to learn from it. It is just the cost of carry via the current interest rates of the currency pair. It used to be much higher before zero and negative rates. 24 pip premium of December contract will go to zero, but it will take 97 days until it expires, so 24 divided by 97 is about one quarter of a pip per day.
  • #1,183,206
  • Sep 8, 2020 4:58pm Sep 8, 2020 4:58pm
Quoting here2there
{quote} Check this out! Upload the following indicator to your chart. Set the period to 8, the 1st band to 0.5, and the 2nd and 3rd bands to 0.0 (zero). And set the button to true. {file} Then add the Stochastic indicator to your chart using his settings of 30, 15, 1. Overbought at 75 and oversold at 25. After you have done that, go to EURUSD and look at the 4HR chart. Examine how it all flows and see the potential! Digger1's Stochastic settings appear to work very well with the VWAP bands indicator on the 4HR chart (using the settings I have given...
Focus on how he strikes. Where he put his entry, the timing, the bias and exit. He usually gives his insights, ask what are those he look for or check to decide which direction he will take, what level he is looking to set his mark and strikes, etc.. Those indicators, he clearly said, are just a guide, not a signal. But it is good to play with those tool to get the feel and used to it.
Only an idiot knows with certainty to where the market is going.
  • #1,183,207
  • Sep 8, 2020 5:00pm Sep 8, 2020 5:00pm
Quoting here2there
{quote} If you've got something working for you, then it's wise to stick with it. But that 4HR chart with the info I shared with you in my previous comment might come in handy for higher time frame trading.
I will try that in my swing trading. Damn, i got too much to try now. I got OhComeOn method lined up too. Haha but it is good to have assorted weapons in my arsenal. Lol
Only an idiot knows with certainty to where the market is going.
  • #1,183,208
  • Sep 8, 2020 5:02pm Sep 8, 2020 5:02pm
Quoting Techanalyst
{quote} Maybe a bounce up from here? {image}
I think EURUSD will continue to go down further. It's funny how it started to go down shortly after news came out expressing concerns about the Euro growing too fast and strong against USD. Can't ignore fundamentals. I need to spend more time looking into fundamentals.

And Bitcoin is taking a beating—a sign that USD is getting stronger.
Learn from your mistakes and march on.
  • #1,183,209
  • Sep 8, 2020 5:05pm Sep 8, 2020 5:05pm
Quoting MrBullBear
{quote} I will try that in my swing trading. Damn, i got too much to try now. I got OhComeOn method lined up too. Haha but it is good to have assorted weapons in my arsenal. Lol
OhComeOn has an excellent strategy. I also use that one, but you have to be patient waiting for the setups.
Learn from your mistakes and march on.
  • #1,183,210
  • Sep 8, 2020 5:09pm Sep 8, 2020 5:09pm
USDJPY bounce up from here?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.xM5.png Size: 93 KB
  • #1,183,211
  • Sep 8, 2020 5:14pm Sep 8, 2020 5:14pm
Quoting here2there
{quote} OhComeOn has an excellent strategy. I also use that one, but you have to be patient waiting for the setups.
He is very patient because he has very limited time screen due to his wifey. *under de saya*. Lol so, he adopted a system that will work with his very limited time. If he exceeds time will result to wifey crashing her car to his bbq pit. (Again)
Only an idiot knows with certainty to where the market is going.
  • #1,183,212
  • Sep 8, 2020 5:15pm Sep 8, 2020 5:15pm
Quoting MrBullBear
{quote} He is very patient because he has very limited time screen due to his wifey. *under de saya*. Lol so, he adopted a system that will work with his very limited time. If he exceeds time will result to wifey crashing her car to his bbq pit. (Again)
Lol
Learn from your mistakes and march on.
  • #1,183,213
  • Sep 8, 2020 5:15pm Sep 8, 2020 5:15pm
Quoting dollarlord
1750 on the sight
Don't Think Too Much, It's Easy...
  • #1,183,214
  • Sep 8, 2020 5:15pm Sep 8, 2020 5:15pm
Quoting 6EforMe
{quote} Skew as in the shape of the implied volatility curve. It's usually referred to as a smile because the at the money options have cheaper volatility built into them, while farther out of the money options have higher volatility in their price. For example, in crude oil, CL, the out of the money puts are valued way higher than the calls, people are afraid of oil falling apart, but not afraid of a spike up. In the old days, it was always the opposite, people weren't afraid of oil going down, but afraid of a big spike up. Futures prices on currencies...
I would like to message you, I have further more questions on hoping you can help. I understand if you dont write back or take a while but I will message you at some point soon
LOCK IN RE-ENTER
  • #1,183,215
  • Sep 8, 2020 5:25pm Sep 8, 2020 5:25pm
Im going crazy... omg market dropping like there is no tomorrow... Im up everywhere.. forex and stocks. I cant handle this emotion man .
tesla is now at 310...

and up on 70pip eu and 150 on uc...
uc will retrace tmr and jump up on the news. Will confirm that trade tmr.
Attached Image (click to enlarge)
Click to Enlarge Name: FFDFFCD2-015F-459A-9831-0CF3DE506F76.jpeg Size: 124 KB
Attached Image
Trade what you see, take what the market gives you.
  • #1,183,216
  • Sep 8, 2020 5:28pm Sep 8, 2020 5:28pm
It was a strong resistance that turned to support. I seriously doubt it will fold without a fight. It will bounce back and forth before one will give up. So I will scalp some bull for just 10pips each.
Attached Image (click to enlarge)
Click to Enlarge Name: 20200908_152220.jpg Size: 407 KB
Only an idiot knows with certainty to where the market is going.
  • #1,183,217
  • Sep 8, 2020 5:35pm Sep 8, 2020 5:35pm
It hasn't violated prior lows or the main uptrend line from May. Has to do something pretty soon, can't stay under the recent downtrend line and avoid violating the uptrend. Looks to me like the lines cross in about 24 hours.
  • #1,183,218
  • Edited 6:07pm Sep 8, 2020 5:47pm | Edited 6:07pm
So far, EUR is leading the way up. Is this it for the tops? Not sure yet.

The longer the trend, the longer the correction/consolidation. Most fundamentals driven trends do not simply make u-turns. Before taking the next leg higher/lower, the market needs time to digest the initial move and draw in more buyers/sellers or remove the fundamental reason (yield difference), in order to reverse the direction.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 141 KB
  • #1,183,219
  • Sep 8, 2020 5:59pm Sep 8, 2020 5:59pm
IMO that drop was someone or something getting out the way....
LOCK IN RE-ENTER
  • #1,183,220
  • Sep 8, 2020 6:08pm Sep 8, 2020 6:08pm
Closed all trades..
3240 uc (138pips)
1765 eu (69pips)

will look to re enter short and rebuy uc (hopefully)
Trade what you see, take what the market gives you.
233 traders viewing now