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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

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Attachments: EURUSD
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EURUSD

Price is now at weekly pivot.

I tried to tell every one yesterday what was going to happen, and gave very good reason for it to happen.

And when it happens, never fails, there are people who read my posts and still ask "what happened"
  •  Hammad
  • | Joined Aug 2007 | Status: Plan your Trade & Trade your Plan | 116 Posts
Quoting de123
now im gona let it all out,..i was listening to euro bears evrywhere,...from monthly pinbars,....weekly pivots,...1,51 a must reach, reloading at 1.500, etc, etc,...but the thing bounced up instead,...,...

i heard even 1.49,...a bearish week,..etc etc,..
that's why i never listen anyone, just listen my mind and i listen charts and indicators only.. i never trade against the major trend.. Yesterday i did long and made money.. today i longed and got 50 pips ..
if you read so much like technical analysis reports etc etc more randomness comes...
I see the pos. Cad news didn't send the $cad falling. Signs of $ strength.



About not trading against the major trend.
How much retrece is needed befor its considered a trend change?

Currently there has been an over all up trend on euro$ since 2001. Thats 7 years over all trend.

So when some one says they "never" trade against the over all, or major trend is not as experienced as he thinks he is. And is not looking at the entire picture.

If there is a 1000 pip up trend and the price falls 50% wheres the trend? Because a 61.8 retrace could be a correction and trend continue. Or not.
But to keep buying as the price retraces a 1000 pip up trend, can have you trading against the new trend.

Thats just an example.

Thats why I really don't care about the over all trend. Just short term/ mid term trends.
Quoting xxDavidxSxx
I see the pos. Cad news didn't send the $cad falling. Signs of $ strength.



About not trading against the major trend.
How much retrece is needed befor its considered a trend change?

Currently there has been an over all up trend on euro$ since 2001. Thats 7 years over all trend.

So when some one says they "never" trade against the over all, or major trend is not as experienced as he thinks he is. And is not looking at the entire picture.

If there is a 1000 pip up trend and the price falls 50% wheres the trend? Because a 61.8 retrace could be a correction and trend continue. Or not.
But to keep buying as the price retraces a 1000 pip up trend, can have you trading against the new trend.

Thats just an example.


Thats why I really don't care about the over all trend. Just short term/ mid term trends.
Thats an excellent post. Thank you.
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
very well done David
David you are one of the best on FF. keep it up bro, i just love reading your annalysis. thanks buddy.
regards
Quoting xxDavidxSxx
Price is now at weekly pivot.

I tried to tell every one yesterday what was going to happen, and gave very good reason for it to happen.

And when it happens, never fails, there are people who read my posts and still ask "what happened"
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
maybe another reason for dollar dropping against euro is this latest news on bloomberg.. you know... buy the rumor... sell the news...

"Dollar Falls on Bets Fed Will Make Deeper Interest Rate Cuts "
  •  Hammad
  • | Joined Aug 2007 | Status: Plan your Trade & Trade your Plan | 116 Posts
Quoting xxDavidxSxx
I see the pos. Cad news didn't send the $cad falling. Signs of $ strength.



About not trading against the major trend.
How much retrece is needed befor its considered a trend change?

Currently there has been an over all up trend on euro$ since 2001. Thats 7 years over all trend.

So when some one says they "never" trade against the over all, or major trend is not as experienced as he thinks he is. And is not looking at the entire picture.

If there is a 1000 pip up trend and the price falls 50% wheres the trend? Because a 61.8 retrace could be a correction and trend continue. Or not.
But to keep buying as the price retraces a 1000 pip up trend, can have you trading against the new trend.

Thats just an example.

Thats why I really don't care about the over all trend. Just short term/ mid term trends.
Good Post Indeed,
Well Explained.
I know price always retrace 23%,38%,50% or 61%..i do read from Monthly to 5Min TF charts, I know where is major,Medium term and near term trend.. I don't short, i wait patiencly when it wil complete retracment, i wait for Dip to do long again.. If you are against the major trend If price go up and re-join the major trend then what will you do?..
Always look what big boys looking for..If you remmber heaps of People's disagree with me that Merrill report isn't correct.. but i keep mentioning it that 1.57 was according to Merrill is possible. Why! Big charts tells you the story..
Different people have different trading styles.. i don't know what majore trend is for you,
I know which TF is Major trend,Which TF is medium term and which TF is shorterm according to my system..and you know very well and we all know very well which points can turn the major trends.. One example is Interest rate. as you can see USD is decreasing interest rate. USD had broke 12 years low against yen also. So when we can expect 1st rate cut in Euro, Maybe in June or jully!! These kinda fundamentals change the major trends.. Their economical over view gives the big picture.
anyways Thanks for explanation for newbies.
Quoting xxDavidxSxx
Here is a possible scenario. This is pulled based on whats formed so far. It is projected to happen over the course of 4 days.
Unless the price reaches further down and the pitchfork will change a little, but still needs a second top.


http://img355.imageshack.us/img355/8...tchforkbj5.gif
Still looking like this is accurate. The stall in the rally happened at the weekly pivot and also the pitch fork median line. Price is now continuing up.

Whats moving the market is technical. All my trades are technical. If I point out fundies, its because they line up with my technical. Just FYI
That rate cut was right in line with a trend line break. Most moves start before the news actually comes out too. The market goes in a direction on que with the news but don't always follow the news.
If aud/jpy breaks above 92.05 great long signal
Hi to all,

Does anyone else think that the EURUSD will depreciate in the coming days/ weeks until at least 1.50?

My bias is for a downtrend following the price action that started last week but I guess today was an uptrend with the EURUSD rising about 200 pips.

Looking forward to your replies!

All the best,

Bogdan
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4h chart.gif Size: 23 KB
i personally think it will reach 1.59 again, at very least 1.58, as they say, buy on rumors, sell on news, and they just started saying that theres a big chance fed will cut rates again on april....
Well, techincally EUR/USD has to visit 1.4850 area before breaking through 1.60... Just by looking at the weekly chart I would say we'll be above 1.60 in mid-summer.
"Luxury is one of the basic needs", (c), Don Corleone
Quoting Firstboss
Well, techincally EUR/USD has to visit 1.4850 area before breaking through 1.60... Just by looking at the weekly chart I would say we'll be above 1.60 in mid-summer.
why do you say it has to visit 1.4850?
Quoting pamelomarcos
why do you say it has to visit 1.4850?
1.4750 - 1.49 region provided very congested resistance. When all the emotions cool down the price just has to test it after such a rapid breakthrough. Just like with previous surges. Keep in mind we are talking weekly time scale here, I am not suggesting going short right this moment. However, when the price bounces of 1.4850, by all means, sell your house and by euros :-)
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD Weekly.jpg Size: 56 KB
"Luxury is one of the basic needs", (c), Don Corleone
Good post, and in the above chart notice how all the tops are double tops. Be on the look out for that prime short entry when it reaches its 2nd top.
I'd stay long for the short term.
Watch your pivots
Here is the pitch fork chart continued.

Previous support is now providing current resistance.

http://img359.imageshack.us/img359/9...tchforkkx0.gif
Hmm.. as I recall, and btw on that chart you can see the line in between 1.5 and 1.45 actually if I'm not mistaken, 1.475 was more significant.. Also, if you look at the last drop - it was about 600 pips which is also half the distance to 1.475 - if it makes a double top and breaks the neck...

Anyway I mostly don't trade such large time frames so just an observation.
On the path to Enrichment.
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
be careful tomorrow with the german news at 9 gmt.
recently EURUSD has been very explosive to germany news.
Just waiting it to be below 1.5600 to short.Everything shows bearish action.
http://img296.imageshack.us/img296/3875/eurusdrj4.gif
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