EURUSD | Page 1671 | 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

  • #33,401
  • Sep 23, 2008 4:23pm Sep 23, 2008 4:23pm
Quoting hard1head1
OK, fine. I will say no more except for the fact that if the news went the other way, so would have you. You just happened to be in the direction of the news, I have been there.
I dont care about any news really
I see sentiments of the market (big guys) before retailers will decide which way they go.

Beside only oil does matter these days.
below 110$/b u wont see 150 level never ever.
Thats my opinion.
  • #33,402
  • Sep 23, 2008 4:27pm Sep 23, 2008 4:27pm
Quoting 5ysfx
below 110$/b u wont see 150 level never ever.
Thats my opinion.
Oil is a limited resource. Need for it is almost unlimited. There is no other alternative at the moment. Oil fields are diminishing.

The rest is just usual supply and demand.

I'm myself really surprised if the price of oil will not be over $200 per barrel in five years.
  • #33,403
  • Sep 23, 2008 4:32pm Sep 23, 2008 4:32pm
I am waiting to see this Month close at around 1.44, then there is a big possibility to see again price to the upside, but 1.4860 may well be a very tough number to beat.
Nice Target for Long Term Shorts are 1.4947/1.5286. Here is where I will open shorts with no SL.
I keep my view that we will go to 1.35 area for the end of the year.
Next month we could see the bottom trendline as resistance and a descending top for the month.

For now I have a short at line break at @1.4669. Did not close trade, because 1.4717 hold the up move, if 1.4717 was broken we had a serious continuation of bull move, now we must see 1.4630 break to go to 1.4580 area.
TP 1.4580 for open shorts!
For brave traders who do not want to close shorts soon, may be awarded with 1.4355 target.
  • #33,404
  • Edited 5:28pm Sep 23, 2008 4:36pm | Edited 5:28pm
Created this chart earlier today and then lost it on my hard drive..

Anyway, I first posted the Weekly Pitchfork chart several weeks ago when it was first being broken to the downside. It's now being tested to the upside (and failed so far, but it's early yet). The bottom of that thing goes back to Nov 05, when price was 1.16xx something.

The zoomed in weekly detail inset shows the levels up close, and especially how price played with that lower fork as it broke thru. The Grey 4840 line is more of a S/R zone than actual figure. It's a line that ballparks at or near several weekly closes, no big deal. More importantly it happens to converge with the lower fork where price stalled out earlier this week. Mostly I'm just watching it for now.

The daily inset shows a bit of that red bear TL that I stumbled on Sunday night and already posted the full chart for. I'll be watching that one very closely, should it get retested. The open red candle shown on daily has since closed nearly 40 pips lower at 1.4650 from when chart was created.

Those two Resistance levels (weekly and daily) basically converge, are long term, and carry a lot of weight imo.

Short TFN with 4 in the green and one floater that's not.
Attached Image (click to enlarge)
Click to Enlarge Name: eu weekly map.png Size: 69 KB
FUBAR...
  • #33,405
  • Sep 23, 2008 5:02pm Sep 23, 2008 5:02pm
here is my play, still waiting if ever that trend line breaks.....seems to be a support atm...waiting for a breakdown of that for a short......i hope sometime within this week...

goodluck guys...

Attached Image
  • #33,406
  • Edited 6:31pm Sep 23, 2008 6:07pm | Edited 6:31pm
Quoting cobraforex
You could see it as a bull flag as well or not?
Glad you brought that up (I meant to respond to this sooner but...)

That's true, and I've been going back and forth on that myself as well. Here's where I'm currently at tho. Look at the zoomed out daily... going back to a'rd early August for the top of the pole.

I'm leaning towards a sloppy bear flag, and that's consistent with my current inclinations. You go 4hr bull, I'll go daily bear, and we'll see what happens.

I'm not ruling out a retest of the recent high, which would fill out that right shoulder some before it breaks down. In that case we'd both be right eventually.
Attached Image
FUBAR...
  • #33,407
  • Sep 23, 2008 6:07pm Sep 23, 2008 6:07pm
Quoting GJ_Trader
Hello all

in my opinion, EUR traders must consider the following levels in the coming hours:

first one 1.4760 which is very improtant support in the 4H frame, however we are close to it right now LAST 1.4784!

2nd level 1.4626 which is the nearest target for short traders if the price fail below the first level.

as i said yestarday, the pair tested 1.4626 as first level after kicked the last support on 1.4760 level.

Now its trending on 1H time frame, we could see a nice travel to north side if the pair break above 1.4725 which is act as long trader gate for approx. 120 Pips.
Trade at your own Risk
  • #33,408
  • Sep 23, 2008 6:44pm Sep 23, 2008 6:44pm
Quoting txfx
At $1 per pip... making $600 today - very very makable.
At $10 per pip... making $6000 today - you are a fine trader and should not be wasting your time on an open and public forum.

Either way, what's the point of stating such without any pre-trade analysis? I just don't see the point.
during scalping the charts change every 5 to 15 minutes giving me new levels, so even if i do post an analysis here, it would be valid for just 15 minutes, so whats the use of posting here.

my indicator gives new levels on every reversal point, so i keep pipping
  • #33,409
  • Sep 23, 2008 7:05pm Sep 23, 2008 7:05pm
new to trading i notice on some charts they have a daily open, average etc top corner im using mt4 can i get that for this system or is in the settings thanks
  • #33,410
  • Sep 23, 2008 7:10pm Sep 23, 2008 7:10pm
did you see the tradeviewforex widget and gadget? It’s funny, I really enjoyed the Robot, it goes accordingly to the forex system
  • #33,411
  • Sep 23, 2008 7:20pm Sep 23, 2008 7:20pm
Quoting ak4x
Becuz Acumen, Suntrader, and me are short. But mostly becuz soreass jr said it would go up.
Was out this afternoon.

  • #33,412
  • Edited 7:36pm Sep 23, 2008 7:27pm | Edited 7:36pm
Pivots for today if you don't have your own, claculated from 5pm EST

Just tapped the DP and Upper BB on 20m. Going to see if I can get one cycle out of this tonite down to M2. If it looks good, then I'll add it to the open short pile and stretch it out for more.

On 2nd thought... This 4620 to4720 area is turning into a real S/R jungle. I'm not liking it, just not worth the effort for me. I've got +3 pips locked in and a 15 pip trailer. I'm done for the evening until something blows this mess up.
Attached Images
FUBAR...
  • #33,413
  • Sep 23, 2008 7:43pm Sep 23, 2008 7:43pm
I have read Sooo... many posts 10 Min apart asking "WHERE IS IT GOING NOW? I WANT IN"

Scalping is one of The Hardest Techniques to Learn.
It takes more than just A Descision on Market Direction...
It takes Confidence.
Not Confidence that You Will Be Right.
Confidence that When You Are Wrong 3-4 Times in a Row, You Still Have Confidence in Your System.

The Scalp Trade Technique is only employed by 2 Trader Styles.

1) Those who know {not only} How to Trade {but also} have an Understanding of Their Market!

2) Those who cannot bare to see 5 pips go to waste from a 10 pip Profit and, therefore, exit with a 5p Profit.

Profit is not a 4 letter word! It is nice & neccessary to advance.

It is understood that a New Trader, without experience, cannot wait a week or two to see if he is on the right track. He Has to Trade Fast to aquire some data on his Skill Level.
Hence; He Scalps.

Ask any {most} Old Codger {Trader/s} If they Scalp & they will tell you something like;

"It's like Going To The Park! I get to Play on The Swings & The Roundabouts & The Slides & The Springy Thingies & The Jungle Wood....
But I probably won't be back for a Month or so."


Scalp Demo to test your core and find your center. I know it's cliche but, that's how cliches were born.
  • #33,414
  • Sep 23, 2008 8:06pm Sep 23, 2008 8:06pm
Quoting mikkom
Oil is a limited resource. Need for it is almost unlimited. There is no other alternative at the moment. Oil fields are diminishing.

The rest is just usual supply and demand.

I'm myself really surprised if the price of oil will not be over $200 per barrel in five years.
There's enough Oil on the Alaskan North Slope to supply the US for the next 200 years.

You won't see Oil at 200/bbl this year or next.

Here's what a top geologist that studies oil deposits has to say.

"The most common question I get is, 'When are we going to run out of oil.' The correct response is, 'Never,'" said Eric Cheney.

"Changing economics, technological advances and efforts such as recycling and substitution make the world's mineral resources virtually infinite, said Cheney, a UW professor emeritus of Earth and space sciences."

"For instance, oil deposits unreachable 40 years ago can be tapped today using improved technology and oil once too costly to extract from tar sands, organic matter or coal is now worth manufacturing."
  • #33,415
  • Sep 23, 2008 8:07pm Sep 23, 2008 8:07pm
Quoting ak4x
Pivots for today if you don't have your own, claculated from 5pm EST

Just tapped the DP and Upper BB on 20m. Going to see if I can get one cycle out of this tonite down to M2. If it looks good, then I'll add it to the open short pile and stretch it out for more.

On 2nd thought... This 4620 to4720 area is turning into a real S/R jungle. I'm not liking it, just not worth the effort for me. I've got +3 pips locked in and a 15 pip trailer. I'm done for the evening until something blows this mess up.
I have a quick question and sorry if it's stupid. What does the M1, M2 etc stand for? I know about support and resistance and the pivot point but I'm not sure about the M levels.
  • #33,416
  • Sep 23, 2008 8:09pm Sep 23, 2008 8:09pm
trend looks down but MACD is telling me a reversal is coming soon >.<

*sits on hands*
  • #33,417
  • Sep 23, 2008 8:15pm Sep 23, 2008 8:15pm
30 pips off this bounce so far. Zzz, is this the normal volatility for this time of day? I usually start around 3AM EST.
  • #33,418
  • Sep 23, 2008 8:19pm Sep 23, 2008 8:19pm
I got short on eurusd at 4866 right where it turned down

I am going on it level by level.

if i had gone by traditional indicators then i would have been holding a long here and loosing
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 9 KB
  • #33,419
  • Sep 23, 2008 8:20pm Sep 23, 2008 8:20pm
during Paulson and Bernanke intervention @ Congress... and after having the eurusd the BIGGEST intraday -yesterday- move -bullish- ever since created...

they pointed out that...

this ban to naked-short-selling was only TEMPORAL thing...

the price of the eurusd just dropped...

so...

i am a BIG bear for today on this eurusd thingy... at least for this whole session.
  • #33,420
  • Sep 23, 2008 8:26pm Sep 23, 2008 8:26pm
Quoting Dl1982
I have a quick question and sorry if it's stupid. What does the M1, M2 etc stand for? I know about support and resistance and the pivot point but I'm not sure about the M levels.
I am not a MT user but I believe M1, M2 etc are mid levels between S1 and S2 etc.
681 traders viewing now, 1 is registered:
wojt3k