EURUSD | Page 1289 | 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

  • #25,761
  • Aug 30, 2008 8:14am Aug 30, 2008 8:14am
Quoting trading801
sorry off topic..


anyone uses free EA here?

am thinking of using phoneix.. anyone using? is it good? thinking of trying it with smalll lots.. prob just 10 cent per pip to try out

pls advise bros
I agree 100% with belekas. Used 100s of EA free & paid ones . Simply loss of money & time .Simple trade the trend or counter trend is the best way we are doing at present or those have trained both can do both.
But never recommend trading the naked women, very dangerous!!
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #25,762
  • Aug 30, 2008 8:17am Aug 30, 2008 8:17am
Quoting fontu
I agree 100% with belekas. Used 100s of EA free & paid ones . Simply loss of money & time .Simple trade the trend or counter trend is the best way we are doing at present or those have trained both can do both.
But never recomment trade the naked women, very dangerous!!
fontu
Why enter risky countertrend trade when you can go with the flow and the trend. Sometimes i go against the trend if my setup looks really really strong. But i wont go long on cable untill i see price outside the descending 4hr channel.
  • #25,763
  • Aug 30, 2008 8:20am Aug 30, 2008 8:20am
Quoting belekas
Why enter risky countertrend trade when you can go with the flow and the trend. Sometimes i go against the trend if my setup looks really really strong. But i wont go long on cable untill i see price outside the descending 4hr channel.
Thats true but those are trained or habituated in doing so they can though I am not one of them at pesent but movements equally benefit all .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #25,764
  • Aug 30, 2008 8:22am Aug 30, 2008 8:22am
Quoting fontu
Thats true but those are trained or habituated in doing so they can though I am not one of them at pesent but movements equally benefit all .
fontu
Really i dont care fontu. Market offers enough pips for everyone. I just go with the flow, if you know what i mean.If one is constantly making profit, month in month out, then its all good.
  • #25,765
  • Aug 30, 2008 8:36am Aug 30, 2008 8:36am
Quoting belekas
Really i dont care fontu. Market offers enough pips for everyone. I just go with the flow, if you know what i mean.If one is constantly making profit, month in month out, then its all good.
Yes , using any of most simple way one can earn consistently be the most desireable . I am with you go with trend & never have consistent success counter trends before or tried alone or mixed. made 10 times by 7 days & lost all in few minutes .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #25,766
  • Aug 30, 2008 11:57am Aug 30, 2008 11:57am
Quoting acumen
Short term trend.

There is a trend and it's down.
Sorry but I wrote I trade on 4h with help of 1h and 15mn. So when I sya there is no trend, it means there is no trend on 4h UT. Of course you can always get a "trend" according to the TF you trade. If you trade with 30mn max or month it could be different. All depends on TF. o on my 4h chart eur/usd is flat.
  • #25,767
  • Aug 30, 2008 12:01pm Aug 30, 2008 12:01pm
Target 1,4224 or up next week? Take a look at weekly chart!
Attached Image
  • #25,768
  • Aug 30, 2008 12:01pm Aug 30, 2008 12:01pm
Quoting fx_open
NEW YORK, Aug 29 - The U.S. dollar rallied against a currency basket on Friday, on track for its best monthly gain in nearly 16 years, boosted by a batch of data showing a far more stable growth path for the United States than the rest of the world.

In late New York trading, the dollar index <.DXY> on the ICE Futures Exchange was up 0.3 percent on the day at 77.327. Friday's gains have put the index on pace for its best monthly performance since October 1992, according to Reuters data.

Investors expect sentiment on the U.S. dollar to remain bullish in the coming week.
THIS is fundamental analysis and I don't use it to trade. I only use technical analysis as most of people here. I don't trade news too. So I don't trade with reuters. Economists have predicted 9 of the last 5 crisis....so be very careful with news and fundamental analysis.
  • #25,769
  • Aug 30, 2008 12:52pm Aug 30, 2008 12:52pm
Hurricane Gustav is now a category 4 hurricane with 145 MPH winds. This thing could get extremely dangerous and might be the catalyst for 125/barrel oil.

Let's see how this plays out tomorrow! EU could possibly reach 1.4950 this week and potentially hunt major stops about 1.5000.

Talk to you all tomorrow!
Pippin ain't easy, but it sho is fun!
  • #25,770
  • Aug 30, 2008 1:55pm Aug 30, 2008 1:55pm
Quoting trading801
sorry off topic..


anyone uses free EA here?

am thinking of using phoneix.. anyone using? is it good? thinking of trying it with smalll lots.. prob just 10 cent per pip to try out

pls advise bros
sonic signal with sonic EA....

Bro. I notice that u trade too often...mkt may swing u and wipe u out,if u do not know what u r doing...it happened to me before....

sonic
  • #25,771
  • Aug 30, 2008 2:08pm Aug 30, 2008 2:08pm
Quoting kodie2006
Hurricane Gustav is now a category 4 hurricane with 145 MPH winds. This thing could get extremely dangerous and might be the catalyst for 125/barrel oil.

Let's see how this plays out tomorrow! EU could possibly reach 1.4950 this week and potentially hunt major stops about 1.5000.

Talk to you all tomorrow!
Pretty much looks like it. Halt in production and destruction of oil platforms gets expensive.
They think they are smarter than I am.
  • #25,772
  • Aug 30, 2008 3:10pm Aug 30, 2008 3:10pm
What do you think about going long on Sunday?

Hurricane is getting stronger so oil should go up, Germany and Russia trying to blame Georgia about the war, so war currency - Dollar, should getting weaker.
  • #25,773
  • Aug 30, 2008 3:33pm Aug 30, 2008 3:33pm
magictrader, I will definetly look in that direction. But, big problem for trading in that direction is that there will most likely be market gap if it gets more likely for hurricane to hurt oil than it was on friday. There is strong corelation between dollar and oil these days, stronger than it was case recently.

My strategy is to get "swing term long" this week and do it pretty early, maybe already on asia opening on monday.

Acumen said some pretty good reasons and coming more closely to those events will make us some pips on usd bear expectations. But I will not risk having open position on news as US economy has showing some signs of life last weeks.
  • #25,774
  • Aug 30, 2008 4:18pm Aug 30, 2008 4:18pm
Quoting fontu
You are most well come to this community. Thanks toy very much taking the decision joining here with us. I am no expert but lots many you will find here & feel free to ask any question & hope will find reply from experts . No question is stupid ,there must some content to learn . No worry we all came from stages we knew nothing about forex that it deals currencies untill actually joined.I had to ask many question how to open or close trades even after I opened live accounts .I know the pain of ignorance for such silly so called stupid matters. learning through forum is the most convenient way when most are engaged in tradings with hard earn money .
Please try read posts from experts & for it you can search the forum with subjects of interest in the site search at the top to know fast .

Demo accounts also good for starters or professional at different times to learn & test the skill & hence inevitable in forex. Never ashamed using a demo .

best of your luck in forex & please posts more about your level of experience & questions so that others will try help you .

Thanks
fontu

speaking of which, is there any source that can learn me about indicators and about what indicators should give you the same sell/buy signal to enter a trade?
I recommend you read something else as this sentence is now concluded.
  • #25,775
  • Aug 30, 2008 4:18pm Aug 30, 2008 4:18pm
Forecast is for Gustav to drop back down to Cat 3 then lower as it approaches mainland.
  • #25,776
  • Aug 30, 2008 5:07pm Aug 30, 2008 5:07pm
HURRICANE GUSTAV TROPICAL CYCLONE UPDATE
NWS TPC/NATIONAL HURRICANE CENTER MIAMI FL AL072008
120 PM EDT SAT AUG 30 2008


DATA FROM AN AIR FORCE RECONNAISSANCE AIRCRAFT INDICATE THAT
GUSTAV HAS CONTINUED TO STRENGTHEN AND NOW HAS MAXIMUM WINDS
NEAR 145 MPH...230 KM/HR WITH HIGHER GUSTS. THIS MAKES GUSTAV AN
EXTREMELY DANGEROUS CATEGORY FOUR HURRICANE ON THE SAFFIR-SIMPSON
HURRICANE SCALE. A SPECIAL ADVISORY WILL BE ISSUED AT ABOUT 200 PM
EDT TO MODIFY THE INITIAL AND FORECAST INTENSITIES. THE SPECIAL
PUBLIC ADVISORY WILL TAKE THE PLACE OF THE INTERMEDIATE PUBLIC
ADVISORY PREVIOUSLY SCHEDULED FOR THAT TIME.
The Only Constant Is Change!
  • #25,777
  • Aug 30, 2008 6:44pm Aug 30, 2008 6:44pm
busy weekend

AFP: "US President George W. Bush on Friday declared a state of emergency in Louisiana, freeing up federal aid.
Several oil companies have evacuated workers from their installations in the Gulf of Mexico, where a quarter of US crude oil is produced."
________________________________________________________________
More than 75% of Gulf oil cut off as energy companies evacuate because of Gustav
http://wxvt.images.worldnow.com/imag.../pxl_trans.gif
"NEW ORLEANS (AP) - More than three-quarters of the Gulf of Mexico's offshore oil production had been cut off.
Energy companies have evacuated petroleum platforms in the face of Hurricane Gustav.
The federal Minerals Management Service says the platform shutdowns also cut off 37% of the Gulf's daily production of natural gas. The agency says 717 staffed production platforms and 121 drilling rigs are currently operating in the Gulf.
About 35,000 people work in the Gulf, staffing offshore rigs and production facilities.
Forecasters say Hurricane Gustav could reach the Gulf Coast early Tuesday."
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

the way I see it gustav will affect sunday 2pm(us hour) the oil and gas pumps( a quarter from american petrolium ) and the results will be that monday morning everywhere will have an expensive gasoline that means the price of oil goes up and that means eur/usd goes up to , in US monday morning is holiday so we will have low volatility so traders take long on eur/usd in Sydney Tokio and London . Close watch on gustav 2pm(us hour)Sunday if strikes oil and gus pumps and if it is buy it .( My opinion)
Attached Images
  • #25,778
  • Aug 30, 2008 6:56pm Aug 30, 2008 6:56pm
a better view for oil platforms
Attached Image (click to enlarge)
Click to Enlarge Name: oil.jpg Size: 103 KB
  • #25,779
  • Aug 30, 2008 7:33pm Aug 30, 2008 7:33pm
The NY desks are on vacation... and will be the rest of the week.

A hurricane of this scale creates panic... markets don't do well with uncertainty especially when it comes to oil.

A massive hurricane, a bottoming EURUSD with solid institutional support, hawkish comments from ECB members (most likely wrong... but that doesn't matter), a NFP report that most likely disappoint and Asian banks might have been playing their hand too early providing us insight into a move north.

If this were a football game I'd be long New England and short NY. That game didn't turn out like I anticipated but that's ok... I had NY and 17... easy money.

Or was it?

There's no such thing as easy money... it's an oxymoron like military intelligence or jumbo shrimp.

The best move is one that involves patience.

Let the London desks tip their hat... then jump on for the ride.

If there is no ride during the London session I'd recommend the sidelines.

Mike
  • #25,780
  • Aug 30, 2008 8:07pm Aug 30, 2008 8:07pm
Here is but one technical reason for why there might be a change in trend in a couple of US$ denominated currency pairs. Hitting a couple of fib targets on weekly chart just under resistance of a previous swing high. Although this past week's candle is bullish:
Attached Image (click to enlarge)
Click to Enlarge Name: DXY.PNG Size: 26 KB
610 traders viewing now, 1 is registered:
iamdecybel