Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

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

Are we going to 1.25?

I am a newbie intraday trader. I have a couple of buys that I am holding for days now which I entered with the 7-pip SL and thus I have a lot of x's by now, which is such a great thing

The question is what the price is expected to do next... When I look at any chart other than monthlies, I am seeing the completely uncharted territory which is very unusual because there are always other historic extemums showing up at those TFs. The only TF that has any point of reference is the monthlies which is 1.25.

1) What do you think about the long-term potential? As an inraday traders I exit the 50% of the entry at the TPx2 hit, and I leave the other 50% portion to keep on doing its thng with the SL at BE which is a risk-free trade, right?
2) Why is EUR/USD growing so much? It is greatlly growing a lot, but I am not sure that I understand the underlying causes of this.
Quoting Js3mwtRc
Good morning. EU is still bullish and I expect it to advance above 2175 and head to 2200. Support comes at 2125 and 2091. Today is Friday NFP end of the week and the price is not moving smooth like, other days, so I watch out and stay out. Have a great trading ahead.
I don't get why exactly you are staying out. The intraday action is really smooth, as you've said yourself, and I made around 12% this weeks thanks to it (with the risk exposure of 1%). So I am not sure why you are not taking deals. Are you an intraday trader?
Attached Image (click to enlarge)
Click to Enlarge Name: 4e0f37dc26633f03b9856086b3ce446a.png Size: 29 KB
Quoting forex-lurve
{quote} I don't get why exactly you are staying out. The intraday action is really smooth, as you've said yourself, and I made around 12% this weeks thanks to it (with the risk exposure of 1%). So I am not sure why you are not taking deals. Are you an intraday trader?
Because today is Friday NFP, I write it on this post:

https://www.forexfactory.com/thread/...9#post13296289
Looking for profitable short term trades ...|
Eur has sign to go down H4 now.But i should say if eur stay here H4 sideways 4-5 candles,it change all, eur goes up again.And it can repeat many many times.If eur goes down now its ok.
Quoting NrSLionHeart
{quote} Yep, and if you see anything bearish on this, please let me know...
Attached Image
Quoting PatienceFx
{quote} {image}

LOL, that was yesterday!!! Today indeed it *may* get bearish... in fact we should see some drop during the day...

Now I am on the sidelines because this choppiness is not something I want to trade on. Today the pair may drop at any moment (in a bullish trend) and I am not willing to risk money on some gambling...
Quoting mallee
{image}
Out for 47. Like watching paint dry.
For me border of channel up conservative 1.20440,if eur stays here and better 1.21,can be another rise,this is H4.but i dont buy eur.
Quoting forex-lurve
Are we going to 1.25? I am a newbie intraday trader. I have a couple of buys that I am holding for days now which I entered with the 7-pip SL and thus I have a lot of x's by now, which is such a great thing The question is what the price is expected to do next... When I look at any chart other than monthlies, I am seeing the completely uncharted territory which is very unusual because there are always other historic extemums showing up at those TFs. The only TF that has any point of reference is the monthlies which is 1.25. 1) What do you...
Hi man, .....Re. your second question....You don't understand why is going up and the underlying causes... and WHO do you think they understand...???? Believe me not even the market makers do...... Who understood why E. reached 1.68 in 2008 ...???? Who predicted this meteoric rise at that time...??? and the merciless drop ever since??? You are fed all fundamentals very late to make any guess of what is coming... You ONLY need to follow the wave. NOT to predict...to FOLLOW. Regards.
I cannot agree more mate. We don't need to understand why the market moves the way it does. More importantly is that we understand what we need do to take advantage of the market.

Stay safe, trade safe.

KP

Quoting F.g
{quote} ...Believe me not even the market makers do...... Who understood why E. reached 1.68 in 2008 ...???? Who predicted this meteoric rise at that time...??? and the merciless drop ever since??? You are fed all fundamentals very late to make any guess of what is coming..
Do your homework, follow the footprints of smart money
When NFP news will release how to know whether the impact of usd based on that news.
Machine learning can predict the forex with 80% accuracy.
Quoting forex-lurve
Are we going to 1.25? I am a newbie intraday trader. I have a couple of buys that I am holding for days now which I entered with the 7-pip SL and thus I have a lot of x's by now, which is such a great thing The question is what the price is expected to do next... When I look at any chart other than monthlies, I am seeing the completely uncharted territory which is very unusual because there are always other...
The only reason why EURUSD is advancing so hard is that investors like EUR so much

When I pick up a trade I note, or hold back on my head the reason why I picked it and if, after the reason doesn't agree with price action, I exit the trade.
Looking for profitable short term trades ...|
Create a fall,trap the bears, and all on a sudden pull the trigger upside.. Objective is forced trapping and forced short covering game before NFP... Better be on sideline is the best trade..
in my H4 chart, its time to SELL


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 75 KB
Quoting mistaouting
{quote} both numbers could be better than expected but doubt its truly indicative and market will probably move on it and ill possibly short it then take a nice longon it EdIT: thought is the jobs that have been lost a lower paying jobs causing avg to possibly increase and with time employment numbers could be affected by those not looking of fallen out and possible seasonal jobs ...only time will tell of course just things to think about and consider
Thanks
LOCK IN RE-ENTER
ECB might have to tame this beast at some point
LOCK IN RE-ENTER
Quoting azidane
in my H4 chart, its time to SELL {image}
On H4 chart , sure.

BUT look at 5' . There is a brave reversal after 31.6 low.........

Quoting mistaouting
ECB might have to tame this beast at some point
What do you expect when leadership is so poor in our country and people only seem to care about the damn stock market! Millions of people could lose their jobs as more and more businesses close, and the damn stock market will likely still go up! In the meantime, the dollar continues to lose value, making our purchasing power less and less. Why else do you think prices keep going up on goods and services? Is it because every business owner is greedy and out to get the consumer? No. It's because the dollar is losing value and the cost for doing business is increasing. There is a major disconnect in the U.S.!
You don't know because you don't ask.
SL on longs at 1.21 31 ....... and reversal to short
415 traders viewing now, 3 are members:
Boudain
,
,
Mahee