EURUSD | Page 152 | 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

  • #3,021
  • Nov 20, 2007 1:56pm Nov 20, 2007 1:56pm
Quoting Tiki Trader
When there is not a pull back or if price on daily does not get back to the first fib line, that is always a sign to me that price may continue in the same direction soon....

I know, but i hesitate to buy in that situation coz then you're buying a top and hoping for more people to buy ahead if you and make your position profitable.
  • #3,022
  • Nov 20, 2007 1:58pm Nov 20, 2007 1:58pm
Quoting bobblong
...

What time frame is that? and you bought it at the close of a candle that closed out of the tirangle? Doesn't this give you false breakouts at times?
  • #3,023
  • Nov 20, 2007 1:59pm Nov 20, 2007 1:59pm
Quoting acidguy
i am long since 1.43 and verry happy.

the thing i think is stay long eu forever.
many presidents in the world are starting to see usd as a piece of trash.

iranian and venezuelan comments are very dangerous but very good fundamented, "we give them oil and they pay us with a piece of paper".

but anyway, i expect the dollar to rebound the next century as usa pay its debt, so feel positive.

I have long position on this pair since 1.4259 but thats not the point, I do a combinition of position and intraday trading. And I'm curious to know how one trades a day as volatile as today intraday.
  • #3,024
  • Nov 20, 2007 2:00pm Nov 20, 2007 2:00pm
Quoting Tiki Trader
Traded break of the triangle...
Whats are you considering a breakout, 4 pips out of the upper line or a close above the upper line?
  • #3,025
  • Nov 20, 2007 2:17pm Nov 20, 2007 2:17pm
Quoting Warper
I did, but i trade the pairs with an airplane. I analyse how bullish the pair is, looking for raw sentiment details at the daily chart, backed up with certain conditions at the weekly.

That details might be different from setup to setup but in this case, my trigger was the last two days having a steady rise after support found, and the last day making a higher high and higher low considering the previous one.

The close above the last four days closes was another element to lit the fire.

If you want a lower TF reason, you can notice that the triangle formed, completed the E wave from a ABCDE triangle, which means that it was ready to take off, but to where? Trend is your friend...! It might had went down but, probability is the name of the game right?

I entered at 1.4665
http://img510.imageshack.us/img510/4568/euxy3.jpg


Many ppl might think that trading with Daily Charts will imply that i have huge stops, but i disagree. I don't have to waste a 300 pip stop to know that i'm wrong and re think everything again.

With a stop rounding 100 or less pips is more than enough to cover a previous steady day range and if i get stopped out, that SL is enough to show me an engulfing candle at the daily chart which is the ticket to get out.

I don't need to waste more 500 pips like many do, to know that. Not only for that reason but remembering that we already enter in little retracements, a SL hit will imply a fall in the pair of the SL + retracement that is enough to make us and the market doubt about something, getting dangerously undecided, until a random new makes direction.

Since i am with the trend.. once the price resumes the "good" direction i enter again carefully, without having risked that big SL useless and wasted pips, but erasing my low losses. If the price never gets back... i was right anyway..

I agree with you, but again, that would be swing/position trading. I'm talking about intra-day trading. I prefer not to put my stops more then 35 pips max away for this pair when trading intraday and yes 120+ when trading the daily/H4 charts.
  • #3,026
  • Nov 20, 2007 5:21pm Nov 20, 2007 5:21pm
Crazy euro probably has disgusted many away! Yup, it made me so sick! --No, not ROFL but ROFC.
  • #3,027
  • Nov 20, 2007 6:31pm Nov 20, 2007 6:31pm
I've never lost a trade with this pair so far...

I am long right now and believe it will hit 1.5 sometime in the future...
  • #3,028
  • Nov 20, 2007 6:37pm Nov 20, 2007 6:37pm
parabolic SAR showing a buy today. i bought early and its shaping up nicely already
  • #3,029
  • Nov 20, 2007 6:41pm Nov 20, 2007 6:41pm
Quoting Bigvick991
I've never lost a trade with this pair so far...

I am long right now and believe it will hit 1.5 sometime in the future...
Possibly as early as by the end of this week ...
  • #3,030
  • Nov 21, 2007 5:02am Nov 21, 2007 5:02am
Quoting saaedb
What time frame is that? and you bought it at the close of a candle that closed out of the tirangle? Doesn't this give you false breakouts at times?

It's a 4h chart. I bought on the break of the previous candle (Bullish outside bar), which is a single bar pattern, also confirmed by CCI and hailed by the long term trend :>
  • #3,031
  • Nov 21, 2007 5:48am Nov 21, 2007 5:48am
Quoting saaedb
Could you give the price that you got filled at?
In @ 1.4652
out @ 1.4832
Same Whore .... Different Dress
  • #3,032
  • Nov 23, 2007 1:00am Nov 23, 2007 1:00am
Quoting Schminner
Possibly as early as by the end of this week ...
it was very close, 1.4965
now lets see what direction eu and us session will choose
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #3,033
  • Nov 23, 2007 1:11am Nov 23, 2007 1:11am
Sorry guys, but this is way overbought. Look at the stoctastics on the daily and weekly charts. I believe we will come down a little bit before we actually really reach the 1.50 mark. The dollar of course is very weak. But the trade at this time is short EUR/USD.
  • #3,034
  • Nov 23, 2007 1:15am Nov 23, 2007 1:15am
I don't think overbought indicators have any merit in a strongly trending market. It was way overbought 1.40!

There is much talk about ECB/FED intervention but it is just talk at the moment.

Plan to tighten stops but let profits run, sitting on over 2000 pips right now.
TRADE FOR SWAP
  • #3,035
  • Nov 23, 2007 1:19am Nov 23, 2007 1:19am
Quoting cgldsmth
I don't think overbought indicators have any merit in a strongly trending market. It was way overbought 1.40!

There is much talk about ECB/FED intervention but it is just talk at the moment.

Plan to tighten stops but let profits run, sitting on over 2000 pips right now.
A good way to hedge long eurodollar right now would be an aussie short, which has a long drop potential looking at S/R.
TRADE FOR SWAP
  • #3,036
  • Nov 23, 2007 1:51am Nov 23, 2007 1:51am
Quoting semar
it was very close, 1.4965
now lets see what direction eu and us session will choose
The way things are going right now, your guess is just as good as mine ...
  • #3,037
  • Nov 23, 2007 2:59am Nov 23, 2007 2:59am
Rejected at the top of the channel. First attempt.
Attached Image
  • #3,038
  • Nov 23, 2007 3:04am Nov 23, 2007 3:04am
Nice 1st attempt. I actually made some quick pips during that sharp downtrend (42 pips).
  • #3,039
  • Nov 23, 2007 3:14am Nov 23, 2007 3:14am
anyway at 1.51 ECB will do something...!1.4832 atm still 832 pip too high!
  • #3,040
  • Nov 23, 2007 4:10am Nov 23, 2007 4:10am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
Rejected at the top of the channel. First attempt.
profit taking will finish the day lower, we also ran into the weekly pivot R3, EU as far as i can see hasn't broken that, so i expect us to sit around 1.4750 -1.4850 until next week when we will see 1.5000 broken and then we can all sit around screeming 1.9000 easy now.LOL

most likely we will fight it all the way 1.5100 and then see xmas bring us a good size retracment as the us won't be so interested in the high numbers once they have sold all the xmas gifts to other countries and made a fortune in the process.

just my view, and as usual i will be wrong.
1,133 traders viewing now