EURUSD | Page 60720 | 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

  • #1,214,381
  • May 5, 2022 2:34am May 5, 2022 2:34am
Quoting tiborf71
{quote} They have seen many times at serious S / R levels that the price goes through them as if they weren't even there we'll see. peace.
Yes, this happens on news and then we see the price back again on these broken levels. Price and volatility are mean reverting. One goes up and then down again. I monitor the bigger trend developement to find opportunities.
Looking for profitable short term trades ...|
  • #1,214,382
  • May 5, 2022 2:55am May 5, 2022 2:55am
Quoting Js3mwtRc
{quote} Yes, this happens on news and then we see the price back again on these broken levels. Price and volatility are mean reverting. One goes up and then down again. I monitor the bigger trend developement to find opportunities.
I understand you.
if you can keep DD low, this strategy can be profitable.
peace.
  • #1,214,383
  • May 5, 2022 3:35am May 5, 2022 3:35am
Quoting tiborf71
{quote} I understand you. if you can keep DD low, this strategy can be profitable. peace.
This is a part of my strategy not "the strategy". If, I wanted to be in a short position, I would try to be always above that level and after the long move happened - to 0635 where the previous Monthly low is located, but I din't made an entry yesterday.

I write again that the price is mean reverting and also there was some volatility at the news yesterday - also volatility first goes up sudenly and then slowly is reversing lower.

The trend is down and I would prefer to sell and if, I was buying it would be good to do it when the volatility would start to slow down.

You can also sell, or buy on the move (at momentum) when volatility is still up and wait for it to get less. Watch if, you don't know, it needs skills to achieve that!
Looking for profitable short term trades ...|
  • #1,214,384
  • May 5, 2022 3:50am May 5, 2022 3:50am
Quoting Js3mwtRc
{quote} This is a part of my strategy not "the strategy". If, I wanted to be in a short position, I would try to be always above that level and after the long move happened - to 0635 where the previous Monthly low is located, but I din't made an entry yesterday. I write again that the price is mean reverting and also there was some volatility at the news yesterday - also volatility first goes up sudenly and then slowly is reversing lower. The trend is down and I would prefer to sell and if, I was buying it would be good to do it when the...
I UNDERSTAND YOU.
OK.
  • #1,214,385
  • May 5, 2022 5:04am May 5, 2022 5:04am
EU just had a small correction, not a big deal.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB


Source: fxblue.com
Looking for profitable short term trades ...|
  • #1,214,386
  • May 5, 2022 6:21am May 5, 2022 6:21am
Small profit-taking/relief rally before EUR/USD heads lower again - to parity and below!
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD_20220505_12.20.png Size: 49 KB
  • #1,214,387
  • May 5, 2022 6:56am May 5, 2022 6:56am
Quoting JauntyLoon
Small profit-taking/relief rally before EUR/USD heads lower again - to parity and below! {image}
We may have seen the last high below todays high, but below 0471! Good month ahead!
Looking for profitable short term trades ...|
  • #1,214,388
  • May 5, 2022 7:03am May 5, 2022 7:03am
BOE Gov Bailey destroyed the bulls within the last hour.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,214,389
  • May 5, 2022 7:35am May 5, 2022 7:35am
I opened a basket position. which is based on correlation,and other contexts.
if the DD crosses a certain level. then I close the positions.
20% DD is still acceptable to me.
we'll see.
  • #1,214,390
  • May 5, 2022 7:40am May 5, 2022 7:40am
could indicate that inflation is peaking in the U.S. already and dollar bulls could be taking profits soon maybe
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 38 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,214,391
  • May 5, 2022 8:06am May 5, 2022 8:06am
The Forex market is full of shenanigans.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 19 KB
Learn from your mistakes and march on.
  • #1,214,392
  • May 5, 2022 8:13am May 5, 2022 8:13am
Quoting here2there
The Forex market is full of shenanigans. {image}
Please provide PROOF

It's mostly newbies or gamblers setting buy stops and sell limits during a news event when the spreads go from 1.5 to 5.5 pips.
...because you never know - until you do!
  • #1,214,393
  • May 5, 2022 8:14am May 5, 2022 8:14am
Quoting here2there
The Forex market is full of shenanigans. {image}
mate.
do you trade based on candle patterns?
  • #1,214,394
  • May 5, 2022 8:17am May 5, 2022 8:17am
Quoting fxsport
{quote} Please provide PROOF It's mostly newbies or gamblers setting buy stops and sell limits during a news event when the spreads go from 1.5 to 5.5 pips.
newbies gamble if they make trading decisions based on small time frame charts and not on fundamental analysis

gamblers also use market orders, not limit or stop orders since they expect instant gratification

spreads also don't matter much to professional traders as they are not short term scalpers
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,214,395
  • May 5, 2022 8:26am May 5, 2022 8:26am
m1 long
Attached Image (click to enlarge)
Click to Enlarge Name: eum1.PNG Size: 6 KB
Uncertainty of the market must be embraced and accepted.
  • #1,214,396
  • May 5, 2022 8:32am May 5, 2022 8:32am
Quoting ForexGoose
{quote} newbies gamble if they make trading decisions based on small time frame charts and not on fundamental analysis gamblers also use market orders, not limit or stop orders since they expect instant gratification spreads also don't matter much to professional traders as they are not short term scalpers
I absolutely agree with you on all the above accounts - I know because over my years of trading I've made all the above mistakes.

If a huge hedge fund is waiting to short/buy at a certain price and newbie's have their stops concentrated there why is that shanigans? I would call that good trading and the little guy's screwed up. Life isn't fair and when you realize that it makes it easier to stop the stinking thinking....just saying
...because you never know - until you do!
  • #1,214,397
  • May 5, 2022 8:36am May 5, 2022 8:36am
Quoting ForexGoose
{quote} newbies gamble if they make trading decisions based on small time frame charts and not on fundamental analysis gamblers also use market orders, not limit or stop orders since they expect instant gratification spreads also don't matter much to professional traders as they are not short term scalpers
mate.
i don't agree with the part of your writing that you can't make money in a short time frame H1.
I have my doubts about the reliability of fundamental analysis.
for example, the USD raised interest rates, the EUR / USD should have fallen.
but my technical analysis showed that there must be a bull correction. and so it became.
just look at the chart.
peace.
  • #1,214,398
  • May 5, 2022 8:38am May 5, 2022 8:38am
Quoting fxsport
{quote} Please provide PROOF It's mostly newbies or gamblers setting buy stops and sell limits during a news event when the spreads go from 1.5 to 5.5 pips.
You of all people should know better than to ask me to provide proof. I thought you understood how supply and demand works in the Forex market?
Learn from your mistakes and march on.
  • #1,214,399
  • May 5, 2022 8:39am May 5, 2022 8:39am
Quoting ForexGoose
{quote} newbies gamble if they make trading decisions based on small time frame charts and not on fundamental analysis gamblers also use market orders, not limit or stop orders since they expect instant gratification spreads also don't matter much to professional traders as they are not short term scalpers
You are clueless how the market works. And you are also a noob.
Learn from your mistakes and march on.
  • #1,214,400
  • May 5, 2022 8:42am May 5, 2022 8:42am
Quoting tiborf71
{quote} mate. do you trade based on candle patterns?
I do pay attention to certain candlestick patterns. But I mostly focus on supply and demand trading.
Learn from your mistakes and march on.
201 traders viewing now