EURUSD | Page 1638 | 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

  • #32,741
  • Sep 22, 2008 9:25am Sep 22, 2008 9:25am
Quoting emmyi29
i believe we'lll get to 1.47 today.hammer on 1h chat followed by a bullish candle.lets see maybe we'll get there

yeah dude, watchout for the weekly Resistance at 1.4649 and we are kind of overbought on the stoch.... i got a short at 1.4645 with a tight sl above 1.4650.

but if we break above it it might go up to 1.4730 or so.
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #32,742
  • Sep 22, 2008 9:29am Sep 22, 2008 9:29am
Quoting kstorm88
i always miss th good entry point hile im in class... story of my life lol... must b time to quit school.
you could be like me and trade while ur in lecture though i wouldnt suggest it =P
  • #32,743
  • Sep 22, 2008 9:34am Sep 22, 2008 9:34am
guys this is how things stand. today is a very choppy day...even though you may be long you may get frustrated at how this pair moves. regardless...this is an uptrend within a channel with clearly defined walls and should be played off those walls until the uptrend breaks up or down. patience is key

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 36 KB
Different opinions highly valued, ignorant to slander.
  • #32,744
  • Sep 22, 2008 9:43am Sep 22, 2008 9:43am
also note within the uptrend there is an ascending triangle with break out potential in both directions
Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 33 KB
Different opinions highly valued, ignorant to slander.
  • #32,745
  • Sep 22, 2008 9:46am Sep 22, 2008 9:46am
and up we go....at least for awhile...
  • #32,746
  • Sep 22, 2008 9:55am Sep 22, 2008 9:55am
Quoting ballblazer_!
you could be like me and trade while ur in lecture though i wouldnt suggest it =P
i also trade in class although i always get into trouble with my lecturers.i am almost done with school anywayz so i would just keep managing for now
  • #32,747
  • Sep 22, 2008 10:02am Sep 22, 2008 10:02am
Quoting altrader
Hey guys, hope you're all doing well

I just set up a new bank account and I'm hoping to finally get myself a 'Live' trading account set up.

I'm pretty excited to start trading with a Live account. heh..I won't be risking much for quite some time though. Probably I'll put in about one or two thousand dollars but make it so that each pip is equal to about 10cents. It'll still be fun. Heck demo trading is still fun but yeah it'll be great to truly be in the game

Whilst I haven't doubled my demo account yet, I can't pass up trading this historical period without a live account. It's pretty obvious that the USD is going to weaken BIG time over the next few months. It's just a question of when and how quickly.
Cool, I wasn't as lucky as you though. Had to learn the hard way. Enjoy
All the best things in life are free.
  • #32,748
  • Sep 22, 2008 10:04am Sep 22, 2008 10:04am
Quoting psiholog
also note within the uptrend there is an ascending triangle with break out potential in both directions
Attachment
Perfectly called. Its rather fascinating to watch how consistently these patterns work out, even on small timeframes.

Greatly appreciate your (and many others!) posts.
  • #32,749
  • Sep 22, 2008 10:09am Sep 22, 2008 10:09am
Quoting Nankurunaisa
Perfectly called. Its rather fascinating to watch how consistently these patterns work out, even on small timeframes.

Greatly appreciate your (and many others!) posts.

My question is--there's no way to know which way it will break out, is there? Are we just assuming it will break out with the trend?
  • #32,750
  • Sep 22, 2008 10:09am Sep 22, 2008 10:09am
Quoting Nankurunaisa
Perfectly called. Its rather fascinating to watch how consistently these patterns work out, even on small timeframes.

Greatly appreciate your (and many others!) posts.
np...notice how choppy it is though...the clear intent is up but so many false breakouts in all directions one after the other...its frustrating me haha...anyways...now that the false breaks changed nothing...the new boundaries of that ascending triangle are from the new higher and lower shadows
Different opinions highly valued, ignorant to slander.
  • #32,751
  • Sep 22, 2008 10:11am Sep 22, 2008 10:11am
Quoting Algirdas
In this Market Condition
Buying EUR/USD, GBP/USD,AUD/USD and NZD/USD in Market fallowStochastic Slow 15 min (5,5,5) ,(Condition , that 1h Stochastic Slow is in same trend)
Same for Intraday Selling, just reverse
Move Stops to ENTRY,,,,,,,,,,Selling it means, USD/CAD and USD/CHF
{Promotion Removed}
  • #32,752
  • Sep 22, 2008 10:13am Sep 22, 2008 10:13am
Quoting seesaw
My question is--there's no way to know which way it will break out, is there? Are we just assuming it will break out with the trend?
sometimes its easier then others...right now its clear to me...stay out...we just broke the upper wall of the longer term uptrend channel and will be looking to go short when and if the channel is reentered...this is wayy overbought to me right
Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 32 KB
Different opinions highly valued, ignorant to slander.
  • #32,753
  • Sep 22, 2008 10:15am Sep 22, 2008 10:15am
Quoting seesaw
My question is--there's no way to know which way it will break out, is there? Are we just assuming it will break out with the trend?
Triangles work because there are stops under/over every peak that form the triangle. When price reaches one peak, there is a chain reaction that moves the price lower/higher because all the stops are triggered. If the price wants to go to some direction, ie. there is a clear trend (as is today), the breakout means really nothing more than triggered stops - the price will not continue after the stops are eaten.

Remember that banks want to trigger those stops, ie. move price to a direction where the stops are triggered because they want commissions and they get commission for every stop triggered.
  • #32,754
  • Sep 22, 2008 10:15am Sep 22, 2008 10:15am
Quoting psiholog
sometimes its easier then others...right now its clear to me...stay out...we just broke the upper wall of the longer term uptrend channel and will be looking to go short when and if the channel is reentered...this is wayy overbought to me right
Attachment

That's what I thought when we were at 4650, lol!

I agree, Stochastics show overbought.
  • #32,755
  • Sep 22, 2008 10:20am Sep 22, 2008 10:20am
Just curious.. where will the EU head if the bailout is approved? Or Rejected? A little confuse.. I see a doomed scenario for the USD in both cases.
  • #32,756
  • Sep 22, 2008 10:22am Sep 22, 2008 10:22am
Quoting seesaw
That's what I thought when we were at 4650, lol!

I agree, Stochastics show overbought.
Stochastics is nothing more than a price position in donchian channel (channel of X last days high/low). What high stochastics mean is that a price is at upper percentage of last X bars (which is usually a good sign of uptrend).

I prefer donchian channels over stochastics, they show the direction of the channel too, not just position of a price inside channel. In fact the middle line of donchian channel, in other words a simplified median of high/low of last X days is IMHO the most reliable trend indicator there is.

Quote
Just curious.. where will the EU head if the bailout is approved? Or Rejected? A little confuse.. I see a doomed scenario for the USD in both cases.
That's the exact reason why this market is so dead simple to trade at the moment.

Another instrument worth watching is gold because if eurozone gets in trouble then the gold will soar.
  • #32,757
  • Sep 22, 2008 10:27am Sep 22, 2008 10:27am
We are going to see a fast move soon, up or down, let's see!
H4 has trendline resistance about to be broken.
  • #32,758
  • Sep 22, 2008 10:27am Sep 22, 2008 10:27am
Quoting mikkom
Stochastics is nothing more than a price position in donchian channel (channel of X last days high/low). What high stochastics mean is that a price is at upper percentage of last X bars (which is usually a good sign of uptrend).

I prefer donchian channels over stochastics, they show the direction of the channel too, not just position of a price inside channel. In fact the middle line of donchian channel, in other words a simplified median of high/low of last X days is IMHO the most reliable trend indicator there is.

That's the exact reason why this market is so dead simple to trade at the moment.

Another instrument worth watching is gold because if eurozone gets in trouble then the gold will soar.
i still dont get it,can u explain how the price of gold affect this pair?
  • #32,759
  • Sep 22, 2008 10:28am Sep 22, 2008 10:28am
Quoting mikkom
Stochastics is nothing more than a price position in donchian channel (channel of X last days high/low). What high stochastics mean is that a price is at upper percentage of last X bars (which is usually a good sign of uptrend).

I prefer donchian channels over stochastics, they show the direction of the channel too, not just position of a price inside channel. In fact the middle line of donchian channel, in other words a simplified median of high/low of last X days is IMHO the most reliable trend indicator there is.

That's the exact reason why this market is so dead simple to trade at the moment.

Another instrument worth watching is gold because if eurozone gets in trouble then the gold will soar.
What is the dochian channel and were can you get it. Thanks
  • #32,760
  • Sep 22, 2008 10:31am Sep 22, 2008 10:31am
the price going 2 hit the fibo 38.2
I think we r going 2 c little resistance there b4 it goes up.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 33 KB
421 traders viewing now