EURUSD | Page 1929 | 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

  • #38,561
  • Oct 9, 2008 4:26pm Oct 9, 2008 4:26pm
Quoting Sole
before opening a long position take a look on the daily chart too....

Read post #38563.
  • #38,562
  • Oct 9, 2008 4:28pm Oct 9, 2008 4:28pm
Quoting FXoffshore
I see the larger EUR trend as down, and just in a short counter-trend rally up into the 1.39 - 1.42 range, before continuing down in the next move. Personally, I do not like trading counter-trend, especially complex corrective side-ways movements. I would rather wait and trade with the slope advantage. At 1.3656 now, the risk is too great.

Sentiment seems to be waiting for the G-8 meeting on Friday to deal with the credit crisis, and another meeting Tuesday to try to avert a deflationary depression. I expect a coordinated effort to prop up the dying equities, but the market is past jawboning and wants to see performance before believing any intervention will work.

USD is gaining from the deleveraging of credit contraction and carry trade margin calls. It has a long way to go, as the bottom is at least a year away.
This post is right on the money.

Mike
  • #38,563
  • Oct 9, 2008 4:29pm Oct 9, 2008 4:29pm
Quoting FXoffshore
Be patient. The move down from 1.4869 was wave 1, and wave 2 rally has a ways to go in this correction. Look for a retreat back to the previous 4th wave, or at least into the fibo zone. I am looking to count a flat pattern 3-3-5 complete before shorting. Most likely Monday or later.

Gee, that was a lot of ......? Gibberish????? If you want to say something, professor, why not say it in laymans language so your audience will actually understand and appreciate your expertise. Providing some price points would help for starters.....
  • #38,564
  • Oct 9, 2008 4:33pm Oct 9, 2008 4:33pm
until it remains below 3601 now is short

very little sl for an entry


edit :
the hog defends himself ... please stab him
The best thing that can happen to you is to find out where you're wrong.
  • #38,565
  • Oct 9, 2008 4:34pm Oct 9, 2008 4:34pm
Quoting Epipany
daily chart shows a good flux to go long, 100+pip
if this is the signal the last 3 candles gives you.... good luck... for me.... it looks risky
  • #38,566
  • Oct 9, 2008 4:38pm Oct 9, 2008 4:38pm
Quoting Driver55
until it remains below 3601 now is short

very little sl for an entry

It continues to range between 1.3582 and 1.3599, so considering a long at 1.3600 with a SL at 1.3580 risks little (20 pips) and if it runs then the reward is open ended......1.3700? ....1.3800?.......1.3900?......1.4000?.......

On the other hand, a short entry at 1.3579 with a SL at 1.3600 is also a consideration, if you feel the next leg will be down, rather than up.
  • #38,567
  • Oct 9, 2008 4:38pm Oct 9, 2008 4:38pm
Quoting StefanoProdi
What about Elliot Wave pattern forming from october 6 untill 10am today(GMT+2)? I am shorting small position from 1,3632, SL 1,3655. TP eyeing 1,355 to show during London tommorow.

I don't quite know what Elliot pattern you mean? As for the rest I've sucked so bad this week, all I can say is good luck
  • #38,568
  • Oct 9, 2008 4:39pm Oct 9, 2008 4:39pm
I don't know in this situation where price will go.

It just doesn't move to any direction.

I had a sell stop below 1.3572

and also buy stop above 1.3600

I mean Does it will be a good fine breakout price point?

Anyone have idea help me
  • #38,569
  • Oct 9, 2008 4:43pm Oct 9, 2008 4:43pm
Quoting acumen
This post is right on the money.

Mike
I always told here exactly what he wrote, the only difference is that I have no Economic knowledge as He have!!
I have told here few days ago for all shorts below 1.43 to take Partial TP, because there is a big change for we to go to 1.4150/1.4250 level before further down move. for all trades above 1.4300 it is important to take Partial TP if we can go to that levels again.
But after today close I am not so sure that we can go further 1.3783 level we just hit today, let's see.
  • #38,570
  • Oct 9, 2008 4:44pm Oct 9, 2008 4:44pm
Quoting traderathome
It continues to range between 1.3582 and 1.3599, so considering a long at 1.3600 with a SL at 1.3580 risks little (20 pips) and if it runs then the reward is open ended......1.3700? ....1.3800?.......1.3900?......1.4000?.......

On the other hand, a short entry at 1.3579 with a SL at 1.3600 is also a consideration, if you feel the next leg will be down, rather than up.

from a couple of days the market is difficult ...
as I said today .. I try to trade what I see and not what I think

edit:
to clarify: for today I see following levels
lowerband : 3605
upperband : 3717

we have open below 3605 and as long the maket remains below the lowerband is (for me) short
The best thing that can happen to you is to find out where you're wrong.
  • #38,571
  • Oct 9, 2008 4:45pm Oct 9, 2008 4:45pm
Quoting traderathome
It continues to range between 1.3582 and 1.3599, so considering a long at 1.3600 with a SL at 1.3580 risks little (20 pips) and if it runs then the reward is open ended......1.3700? ....1.3800?.......1.3900?......1.4000?.......

On the other hand, a short entry at 1.3579 with a SL at 1.3600 is also a consideration, if you feel the next leg will be down, rather than up.
nice plan... I did the same, but Mbtnavigator put me in the trade at market.. hopefully we don t hit .3580that made my stoploss only about 10pip
my target is 1.3640, with such a small SL i wont be greedy
  • #38,572
  • Oct 9, 2008 4:50pm Oct 9, 2008 4:50pm
Quoting Epipany
nice plan... I did the same, but Mbtnavigator put me in the trade at market.. hopefully we don t hit .3580that made my stoploss only about 10pip

I do not like to automate my entries, nor my SLs. I do it "hands on". Your broker is your enemy. Your enemy is looking for any way to take your money and put it in HIS pocket. To automate entries and SLs is like dressing in all red and then stepping into the ring with a raging bull! You emphasize yourself as a target!
  • #38,573
  • Oct 9, 2008 4:54pm Oct 9, 2008 4:54pm
Quoting traderathome
I do not like to automate my entries, nor my SLs. I do it "hands on". Your broker is your enemy. Your enemy is looking for any way to take your money and put it in HIS pocket. To automate entries and SLs is like dressing in all red and then stepping into the ring with a raging bull! You emphasize yourself as a target!
so you dont trade SL?
  • #38,574
  • Oct 9, 2008 4:54pm Oct 9, 2008 4:54pm
Quoting Epipany
so you dont trade SL?

NOPE!
  • #38,575
  • Edited 5:29pm Oct 9, 2008 4:56pm | Edited 5:29pm
I trade according some channels, and some are more important than others, I use a very complex line system from several directions and several TF.

My next moves:
A Long at 1.3545 TP 1.3658, Then Short at this price 1.3658 SL 1.3713 TP 1.3493.
Now time to bed I will leave my orders open.

Bye all and Tomorrow I am out of FF.
Doctor visit!!
I already do not walk for about a month, you know ACCIDENTS HAPPEN!
MY DEAR FOOT!

Editing: After new study, it is better to favour shorts first then longs. Short at 1.3621 TP 1.3440. Long only around new low, must see how price will act around some lines.
  • #38,576
  • Oct 9, 2008 4:56pm Oct 9, 2008 4:56pm
Quoting Algirdas
Now it's good to do Reentry:

EUR/USD Short near 1.3707
GBP/USD Short near 1.7297
AUD/USD Short near 0.7127
NZD/USD Short near 0.6231

USD/CAD Long near 1.1347
USD/CHF Long near 1.1297

GBP/JPY Long near 172.21
EUR/JPY Long near 136.37
EUR/CHF Short near 1.5541
EUR/GBP Short near 0.7957
All JPY pairs went wrong way,,,,
And if you are still in Trade I have Plan 50/50, I would try to "Break Even"
Looking for retrecmant:
GBP/JPY retrecmant near 172.50
EUR/JPY retrecmant near 137.67
USD/JPY retrecmant near 101.00
{Promotion Removed}
  • #38,577
  • Oct 9, 2008 4:57pm Oct 9, 2008 4:57pm
Quoting traderathome
NOPE!
this market is too volitle! especially now. no stoploss means no money management, which means sooner or later profits will
how many lots do u trade?
  • #38,578
  • Oct 9, 2008 5:00pm Oct 9, 2008 5:00pm
Quoting traderathome
NOPE!

You must hear a loud clanking sound from below your belt when you walk
  • #38,579
  • Oct 9, 2008 5:04pm Oct 9, 2008 5:04pm
Quoting Epipany

this market is too volitle! especially now. no stoploss means no money management, which means sooner or later profits will
how many lots do u trade?
One does not need to advertise their SL to their broker to have good money management. Personally, I believe anyone who DOES advertise their SL to their broker is increasing the odds AGAINST themselves.

As for how many lots do I trade......sometimes I trade just in mini-lots and add along the way.
  • #38,580
  • Oct 9, 2008 5:04pm Oct 9, 2008 5:04pm
Quoting knuckledrag
You must hear a loud clanking sound from below your belt when you walk
http://img.alibaba.com/photo/5067733...teel_Balls.jpg
643 traders viewing now, 1 is registered:
Novarec