How many got ripped off in EUR/USD today? | Forex Factory

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How many got ripped off in EUR/USD today?

  • #1
  • First Post: Jul 2, 2007 11:43am Jul 2, 2007 11:43am
I am one soul got ripped off today
  • #2
  • Jul 2, 2007 11:45am Jul 2, 2007 11:45am
Quoting FF001
I am one soul got ripped off today
I hate this pair. Really an idiot pair. It can sleep there for few days and suddenly move. Same like pig.
  • #3
  • Jul 2, 2007 11:47am Jul 2, 2007 11:47am
Quoting zamans98
I hate this pair. Really an idiot pair. It can sleep there for few days and suddenly move. Same like pig.
I believe many still bleeding.

I heard this year forex is going to be worst!
  • #4
  • Jul 2, 2007 11:50am Jul 2, 2007 11:50am
Quoting FF001
I believe many still bleeding.

I heard this year forex is going to be worst!
Tell me more... I got hit few month back by GJ. Amazing pips lost.
  • #5
  • Jul 2, 2007 11:54am Jul 2, 2007 11:54am
Try trading on larger time frames. All the way down to 30min charts the move has been quite clear. If you were on lower than 30min I can see how you may have been caught trying to short.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #6
  • Jul 2, 2007 11:56am Jul 2, 2007 11:56am
Quoting StockKJay
Try trading on larger time frames. All the way down to 30min charts the move has been quite clear. If you were on lower than 30min I can see how you may have been caught trying to short.
Are you in profit?
  • #7
  • Jul 2, 2007 12:00pm Jul 2, 2007 12:00pm
Quoting StockKJay
Try trading on larger time frames. All the way down to 30min charts the move has been quite clear. If you were on lower than 30min I can see how you may have been caught trying to short.
I would agree w/ stockjay on this I was able to lock in +30pips and my trades are setup since 10pm last night and Steviet EUR/USD are locking in pips nicely and he was thinking about closing them on Friday
  • #8
  • Jul 2, 2007 12:14pm Jul 2, 2007 12:14pm
It looked like a op to me last friday when I bought. I am still in the trade.. We shall see what happens.

The reason I thought it was an oportunity right at that time, was because of the compression in price that had taken place. The more price tends to compress like this, the bigger the breakout... I was just not sure on direction, so I placed a stop entry buy, because I did not want to be fighting the longer term trend.
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  • #9
  • Jul 2, 2007 12:16pm Jul 2, 2007 12:16pm
I suggest you read this.

http://www.forexfactory.com/showthread.php?t=27286
  • #10
  • Jul 2, 2007 12:30pm Jul 2, 2007 12:30pm
up 91 pips today so far.....
Same Whore .... Different Dress
  • #11
  • Jul 2, 2007 12:35pm Jul 2, 2007 12:35pm
friday this pair made a tipical triangle breakout (4h, 1d) and continued the trend.
don't panic to much, it's natural to loose, and since the pair went up probably more people won then loose(at leat i know for sure there were more longs then short)
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #12
  • Jul 2, 2007 12:39pm Jul 2, 2007 12:39pm
lol i am sorry but the title of this thread is golden. Makes it sound like the euro is a store, that didn't give you the right change back after your purchase.
  • #13
  • Jul 2, 2007 12:46pm Jul 2, 2007 12:46pm
Like smjones I was set up to for it to go eaither way but like I told Steve I thought w/ holiday and nfp this week we could see a push to 1.3700
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  • #14
  • Jul 2, 2007 12:50pm Jul 2, 2007 12:50pm
Quoting mbqb11
lol i am sorry but the title of this thread is golden. Makes it sound like the euro is a store, that didn't give you the right change back after your purchase.
LOL! I thought the same thing.
That damn 7/11 jipped me on my Big Gulp change again!
  • #15
  • Jul 2, 2007 12:56pm Jul 2, 2007 12:56pm
Quoting StockKJay
Try trading on larger time frames. All the way down to 30min charts the move has been quite clear. If you were on lower than 30min I can see how you may have been caught trying to short.
Exactly. Look at a typical NFP action on a 5 min chart and compare that same action on a daily chart. Which chart does the action go way beyond several ATRs and Standard Deviations? Which chart is it barely even noticeable? Since forever, over 99% of financial analysis and indicators work on the assumption that prices fall into a nice, easy to work with, Gaussian distribution. The fact is that the smaller the timeframe you use, the further away from this distribution you go, and you get something harder to work with like a Cauchy distribution.

I have something called the "25 rule": If your chart's timeframe is such that it produces more than appx. 25 bars (plus/minus 2) per trading day, the timeframe is too small. On FX, 1H is the smallest chart I use, and in US stocks, 15M chart is the smallest I use.
  • #16
  • Jul 2, 2007 3:46pm Jul 2, 2007 3:46pm
Quoting FF001
I am one soul got ripped off today
well i got a clear buy signal on june 14th at 1.3305....eversince i am long...well over 300pips profit
  • #17
  • Jul 2, 2007 4:06pm Jul 2, 2007 4:06pm
Quoting FF001
I am one soul got ripped off today

I don't understand this tread, normally would just pass by....Yet could you please explain to me what you mean by being '' ripped off " ??

This pair was slightly, only slightly negative, til it went positive on 6.28.07 when it made a break of 3480, than fundies where negative usd., which has sealed the deal for now.

Hopefull to get a concise answer
Thanks
Proper Prior Planning Prevents Piss Poor Performance
  • #18
  • Jul 2, 2007 5:15pm Jul 2, 2007 5:15pm
4 hour Fozzy traders have been long since Friday.............
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  • #19
  • Jul 2, 2007 10:35pm Jul 2, 2007 10:35pm
Quoting iandekoker
well i got a clear buy signal on june 14th at 1.3305....eversince i am long...well over 300pips profit
1.3319 for me on the 14th. Although I placed my stoploss a little too close and got stopped out on the 28th.
  • #20
  • Jul 2, 2007 10:51pm Jul 2, 2007 10:51pm
Quoting zamans98
Tell me more... I got hit few month back by GJ. Amazing pips lost.
Hi,

If you refer to the daily chart, it is obvious that the trend is forming a double top trying to test a very strong resistance at 1.3682. That is why I had position my trade since last friday with 2 lots and exit yesterday.

The market move for today is a bit difficult for me to determine now because the resistance has almost hit and the daily RSI at period 14 is overbought. I suggest you wait and see before you carry on with EUR.

Regards
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