EURUSD | Page 1041 | 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

  • #20,801
  • Aug 15, 2008 10:19am Aug 15, 2008 10:19am
Quoting Warren Forex
Forget about thinking 1.4700 or 1.4500 BECAUSE then you develop a BIAS ...................
Coming from someone who searches high and low for any news* how terrible the situation is for the US$ is truly laughable.

*Blogs/opinion rants/UKGuardian rags and other assorted oddities.
  • #20,802
  • Aug 15, 2008 10:20am Aug 15, 2008 10:20am
Folks, oil has formed a descening triangle and could likely push lower to $110 and then $100.

From what I see...
  • #20,803
  • Aug 15, 2008 10:23am Aug 15, 2008 10:23am
If we really retrace to the weekly trend line there is a hell of a long way to go. I tried to "go with the trend" with longs but have decided to take small shorts with tight stops which is working out much better. I don't think it will truly reverse till it bounces off that weekly trend line.

It seems like the opposite of what was happening over the past few months where any good news got a slight bump up in the US stock market and if "some oil tanker truck in Nigeria got a flat tire" the market tanked downward. Now any not horrific news drives the US market and dollar up. Sentiment has changed dramatically. The real bottom? Anyone? 1.4350-1.4450?
Isolate yourself from the herd
  • #20,804
  • Aug 15, 2008 10:24am Aug 15, 2008 10:24am
Quoting SunTrader
Coming from someone who searches high and low for any news* how terrible the situation is for the US$ is truly laughable.

*Blogs/opinion rants/UKGuardian rags and other assorted oddities.
Great point......

Having the opinion of "the terrible situation for the USD" is biased as well.

calls like that normally mean bear market over!
  • #20,805
  • Aug 15, 2008 10:30am Aug 15, 2008 10:30am
Quoting seesaw
That's a great strategy!
To try on demo and live are totally different and you will have very different results. You hold completely different emotions when you are trading live, while when you are trading on demo, you can be totally detached and simply sit around and wait for the thing to turn around to your way. I give very little weight on demo. It's only good for getting familiar with a platform.
Expected the unexpected
  • #20,806
  • Aug 15, 2008 10:30am Aug 15, 2008 10:30am
Quoting forexweasel
If we really retrace to the weekly trend line there is a hell of a long way to go. I tried to "go with the trend" with longs but have decided to take small shorts with tight stops which is working out much better. I don't think it will truly reverse till it bounces off that weekly trend line.

It seems like the opposite of what was happening over the past few months where any good news got a slight bump up in the US stock market and if "some oil tanker truck in Nigeria got a flat tire" the market tanked downward. Now any not horrific news drives the US market and dollar up. Sentiment has changed dramatically. The real bottom? Anyone? 1.4350-1.4450?
Congrats on first post and Welcome to FF!
  • #20,807
  • Aug 15, 2008 10:32am Aug 15, 2008 10:32am
Quoting >Apocalypto<
Congrats on first post and Welcome to FF!

My hedge fund manager says he sees mid 30s.

Who knows!
  • #20,808
  • Aug 15, 2008 10:35am Aug 15, 2008 10:35am
Quoting seesaw
My hedge fund manager says he sees mid 30s.

Who knows!
Off topic,

If the forces play out,

I am calling AUD/USD in the .60's 2-3 years from now.

I have to work on the euro........

IMO but I am normally wrong!
  • #20,809
  • Aug 15, 2008 10:38am Aug 15, 2008 10:38am
Quoting >Apocalypto<
Congrats on first post and Welcome to FF!

Yep its my first post. I've still got my training wheels on.
Isolate yourself from the herd
  • #20,810
  • Aug 15, 2008 10:41am Aug 15, 2008 10:41am
Quoting forexweasel
Yep its my first post. I've still got my training wheels on.
The minute you think you've got this game figured out you know you're in for some heavy losses.
  • #20,811
  • Aug 15, 2008 10:44am Aug 15, 2008 10:44am
Actually, I'm already quite skilled at heavy losses and I'm just a beginner!
Isolate yourself from the herd
  • #20,812
  • Aug 15, 2008 10:45am Aug 15, 2008 10:45am
Quoting scyang
To try on demo and live are totally different and you will have very different results. You hold completely different emotions when you are trading live, while when you are trading on demo, you can be totally detached and simply sit around and wait for the thing to turn around to your way. I give very little weight on demo. It's only good for getting familiar with a platform.
I know someone that has been trading full-time for 5 years and still trades on a demo everyday. I think you are wrong. You may not make money on a practice account, but you get more practice, and the more practice you get, the better off you are going to be long-term.
  • #20,813
  • Aug 15, 2008 10:49am Aug 15, 2008 10:49am
Quoting scyang
To try on demo and live are totally different and you will have very different results. You hold completely different emotions when you are trading live, while when you are trading on demo, you can be totally detached and simply sit around and wait for the thing to turn around to your way. I give very little weight on demo. It's only good for getting familiar with a platform.
Disagree,

all depends on what level of trader you are.

I personally think it's a great idea I always use a demo account to try a new idea before i run it in a live market.

each to their own i suppose!
  • #20,814
  • Aug 15, 2008 10:50am Aug 15, 2008 10:50am
Quoting acumen
The minute you think you've got this game figured out you know you're in for some heavy losses.
this made me grin...

Quote
Actually, I'm already quite skilled at heavy losses and I'm just a beginner!
as did this... aaaah, gotta love Friday humor
  • #20,815
  • Aug 15, 2008 10:50am Aug 15, 2008 10:50am
Quoting >Apocalypto<
Off topic,

If the forces play out,

I am calling AUD/USD in the .60's 2-3 years from now.

I have to work on the euro........

IMO but I am normally wrong!
You are not alone....AUD/ USD will see low 80s in a month, IMHO
  • #20,816
  • Aug 15, 2008 10:53am Aug 15, 2008 10:53am
Quoting forexweasel
Actually, I'm already quite skilled at heavy losses and I'm just a beginner!
Again - you're in good company here.
  • #20,817
  • Aug 15, 2008 11:07am Aug 15, 2008 11:07am
I would just like to say that I have taken in a lot of opinons this week, and being a newbie, I have not posted to many questions,and I am in no position to give my opinion as of yet. I would like to say that the post that I have read,have greatly sunk into my brain and taught me to be more patient and research a lot more before trading. I have started today, and made a few trades to build my confidence and have done pretty good, I know there are good days and bad days but I was able to recoupe my loses form yesterday.


Thank you all for passing on opinions and experiences.
  • #20,818
  • Aug 15, 2008 11:09am Aug 15, 2008 11:09am
I've developed this skill over the past month: stalk the market for about an hour, try to determine the next big move, place an order and watch the market (within seconds) move briskly against me several dozen pips or more.

I was thinking of selling a timing service letting people know when to short (ie: when I go long) or when to buy (ie: I'm putting in a short order). You could make awesome pips through my suffering that way!

Seriously - Its not gonna turn around until it at least hits the weekly trend line, if then. Does anyone see a strong area of support/turning point before then?????
Isolate yourself from the herd
  • #20,819
  • Aug 15, 2008 11:22am Aug 15, 2008 11:22am
Quoting altrader
It's the best way to go to stay out if you're unsure. You always have your demo account to play with to try new things out or gain a better perspective
Quoting acumen
You've learned that not trading is often the best decision during uncertainty.

No one knows where the market is going - if they did - Warren Buffet would be mowing their lawn.

This game is about probabilities never sure things.
Thanks guys. Appreciate it!

Maarten

By the way: Does anyone know how roll-over works in weekends? Do I still get rollover? I never had a position during the weekend. Thanks!
  • #20,820
  • Aug 15, 2008 11:23am Aug 15, 2008 11:23am
Quoting forexweasel
Actually, I'm already quite skilled at heavy losses and I'm just a beginner!
Yeah, and the longer you survive, the more skilled you will get at losses... while at the same time figuring out how to evade or minimize them. It's one of the big things that determines who's still here down the road.

I personally categorically and vehemently reject with exteme bias that too oft repeated baloney about (this needs to be said in a high, whiny, pinch your nose while looking down it tone of voice at some poor soul who just had a calamitous trading experience...) "95% of all traders fail (whatever that means..) and only 5% make it".

So? That's somewhere near the dropout rate for most of the elite special forces training schools in the world. It's a tuff business. Doesn't mean the "dropouts" are a buncha wussies. What if it's also true that 95% of all succesful traders failed at some point, maybe more than once? Any stats for that one?

If you're already skilled at heavy losses my friend, and coming back for more, like Acumen said, "you're in good company here..." Now you get to work on the wins.

Who pushed my rant button anyway?

must be friday.
FUBAR...
422 traders viewing now