EURUSD | Page 1040 | 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

  • #20,781
  • Aug 15, 2008 9:14am Aug 15, 2008 9:14am
Quoting Clouds
Fridays are DEMO days, IMO
So you are long on your demo account, experimenting with your ideas?
Expected the unexpected
  • #20,782
  • Aug 15, 2008 9:17am Aug 15, 2008 9:17am
A bit of a general explanation on what I'd consider often a good trading opportunity which also explains why I shorted cable and not euro for example (besides the fact that I believe it's dead ). Anyway, if you have a major trend, the stronger the better of course as in this case, and price makes a new on-trend top/bottom and then retreats a good distance - like 100+ pips, chances are VERY good that it will at least come close to that peak/bottom again. The risk could be that it will want to retrace even further, which is why it's important to have a feel for how strong the trend is and wait for the retrace to show signs of reversing back on-trend.
On the path to Enrichment.
  • #20,783
  • Aug 15, 2008 9:18am Aug 15, 2008 9:18am
Quoting acumen
I have S1 at .4735 and for now it's holding.
Acumen, your fxpivot indy says that the S1 is .4707. What timeframe are you using for the .4735? Thanks.
Up or down, gimme a ticket
  • #20,784
  • Aug 15, 2008 9:31am Aug 15, 2008 9:31am
My pivot from IBFX, S1 is at 4708 doesn't matter what time frame, on mine anyway.

Quoting SpecialEd
Acumen, your fxpivot indy says that the S1 is .4707. What timeframe are you using for the .4735? Thanks.
  • #20,785
  • Aug 15, 2008 9:32am Aug 15, 2008 9:32am
Quoting SpecialEd
Acumen, your fxpivot indy says that the S1 is .4707. What timeframe are you using for the .4735? Thanks.
I'm watching the 15 min chart and the 1 min.

I have S1 at .4735.

I'm using Alpari.

Mike
  • #20,786
  • Aug 15, 2008 9:34am Aug 15, 2008 9:34am
Quoting greywolf238
My pivot from IBFX, S1 is at 4708 doesn't matter what time frame, on mine anyway.
That's quite a distance off.

Could be I'm outta whack.

m
  • #20,787
  • Aug 15, 2008 9:34am Aug 15, 2008 9:34am
Quoting Clouds
its in down channel, but right now may not be best price to sell, and it 'can' break out of this.
Attachment
Quick question Clouds: I've seen you post charts before with channels in them.

I was wondering--How often has the channel proven itself to you personally as a good indication that the trend would continue in that direction?--in other words, how reliable has 'channel' analysis been for you in your trading?

I've recently started using the channel in my strategy and so far it's gone pretty well but I only started using it today
  • #20,788
  • Aug 15, 2008 9:36am Aug 15, 2008 9:36am
Enjoy !!!

TheLFB Alerts

Aug 14 08Hello Traders!

Overnight the global markets revealed just how much technology has changed the way that trends are formed, and how much more reactive the markets have become to changing sentiment. It may be that a trend will soon be defined as a period of trade that lasts no more than three days, rather than the accepted norm of three weeks being a good trend for a trader, or three months as a good trend for an investor. There can be no doubting that the reactive nature of automated trading that accounts for over 90% of all order tickets is also creating a very volatile day-to-day environment to set trends from. Add to that the sound-bite world that we live in that has to account for every tick, pip and point that crosses the wires and we suddenly have a volatile, noisy, and paranoid workplace in times of a quick trend change.

The forex moves in August have set many records including; the speed of price destruction each day, the accumulative amount of dollar appreciation against the basket of currencies that make up the dollar index, the technical depths that price action has moved indicators to, and the speed of reversal in sentiment. The dollar has gone from being the whipping boy of the majors for the last twelve months to now being the dominant global currency this month. However strong this month's moves have been they will now be tested for a few reasons: the weekly trends are not supporting too much more dollar appreciation, and that these moves have come on nothing more than average volume. Once the markets get out of "Vacation volume" mode these recent dollar price points may come under major strains.

The recent moves to buy the dollar at all costs have re-balanced the moves on the euro that now has the pair at the same value that it started the year at. The pound has no commodity link and as such has taken the brunt of the dollar buying by dropping to 2006 valuations, but still (in the old fashion way of looking at a trend) is in a long trend on the weekly and monthly charts. The aussie weekly chart is still maintaining an incredible long trend that runs from 2001, and the swissy looks to have done nothing more than re-traced a very small amount of the price decimation that has been inflicted on the pair in the last five years. The cad is doing nothing more than retrace a tiny fraction of a huge move lower that started at 1.6000 over five thousand pips away. The dollar is actually going nowhere fast when a weekly chart of Usd/Jpy is reviewed.

Dollar buying looks to be made up recently of the automatic reaction to the speculative interest being warned out of long oil positions at $150, as well as panic short covering of twelve month old short-dollar positions being liquidated. The key may be that although the liquidation of short dollar positions has increased the dollar values, the volume reads may reveal the fact that new long-dollar positions are not as numerous. This may be an automatic switch from short-dollars to neutral. All will be revealed in September when the institutional volume historically arrives.


TheLFB Trade Team



{Promotion Removed}
  • #20,789
  • Aug 15, 2008 9:43am Aug 15, 2008 9:43am
further breakout variant up to 1.4620/40, 1.4540/60, 1.4480/1.4500
{Promotion Removed}
  • #20,790
  • Aug 15, 2008 9:50am Aug 15, 2008 9:50am
who knows, where is next support for EU???thanks
  • #20,791
  • Aug 15, 2008 9:52am Aug 15, 2008 9:52am
I would like to see a retest of the Low @1.4677 http://forexfactory.com/images/icons/icon10.gif
  • #20,792
  • Aug 15, 2008 9:52am Aug 15, 2008 9:52am
Quoting scyang
So you are long on your demo account, experimenting with your ideas?
Yes, Im long on my Demo. No trades on live. I use my demo everyday. Live 3-4 days a week. Baseball players practice too, u know.
  • #20,793
  • Aug 15, 2008 9:55am Aug 15, 2008 9:55am
Quoting Clouds
Yes, Im long on my Demo. No trades on live. I use my demo everyday. Live 3-4 days a week. Baseball players practice too, u know.
That's a great strategy!
  • #20,794
  • Aug 15, 2008 9:57am Aug 15, 2008 9:57am
Quoting AMFfx
who knows, where is next support for EU???thanks
Nobody. 1.46 should be a very strong support in my personal opinion.
On the path to Enrichment.
  • #20,795
  • Aug 15, 2008 10:06am Aug 15, 2008 10:06am
Quoting Jurrasic
Nobody. 1.46 should be a very strong support in my personal opinion.

Nobody is spot on - we are seeing congestion at our current levels and that's the best we can do for now.

Round numbers are like magnets during these times and price may continue to hover around .4700.
  • #20,796
  • Aug 15, 2008 10:10am Aug 15, 2008 10:10am
Quoting acumen
Nobody is spot on - we are seeing congestion at our current levels and that's the best we can do for now.

Round numbers are like magnets during these times and price may continue to hover around .4700.
Maybe I should have said... as long as today's low holds.
  • #20,797
  • Aug 15, 2008 10:11am Aug 15, 2008 10:11am
on that last sell out of the minor range i thought here we go again.

does any one else see the selling congesting and beginning to run out of puff on the 30min 1 hour and 15 min charts.

could be a start of a base setting in for a decent counter rally.

Cheers.

shit take that back it's trying for a new low!!!!!!!!!!!
  • #20,798
  • Aug 15, 2008 10:14am Aug 15, 2008 10:14am
Quoting >Apocalypto<
on that last sell out of the minor range i thought here we go again.

does any one else see the selling congesting and beginning to run out of puff on the 30min 1 hour and 15 min charts.

could be a start of a base setting in for a decent counter rally.

Cheers.

shit take that back it's trying for a new low!!!!!!!!!!!
lol
  • #20,799
  • Aug 15, 2008 10:15am Aug 15, 2008 10:15am
Quoting >Apocalypto<
on that last sell out of the minor range i thought here we go again.

does any one else see the selling congesting and beginning to run out of puff on the 30min 1 hour and 15 min charts.

could be a start of a base setting in for a decent counter rally.

Cheers.

shit take that back it's trying for a new low!!!!!!!!!!!
  • #20,800
  • Aug 15, 2008 10:19am Aug 15, 2008 10:19am
Guys chart is Swissy weekly.

I am dollar Bull so I am a tad biased.......


My question for u all is is this just another counter rally in the bear or some thing different?.....................

You know my answer.. what about yours?

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: swissy.gif Size: 36 KB
566 traders viewing now