EURUSD | Page 2096 | 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

  • #41,901
  • Oct 27, 2008 8:53am Oct 27, 2008 8:53am
Just waiting for the home sales news before I re-engage on the trade.
  • #41,902
  • Oct 27, 2008 8:56am Oct 27, 2008 8:56am
Quoting andys0506
Whats going on? Why so much volatility??
These are common when there is upcoming news take profit then trade in the direction of the news
  • #41,903
  • Oct 27, 2008 8:58am Oct 27, 2008 8:58am
i can see divergence on the stochastic on 4H chart...
could it possibly move north? :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: eur4H.JPG Size: 96 KB
Money management is good for your health...
  • #41,904
  • Oct 27, 2008 9:01am Oct 27, 2008 9:01am
The problem with the news right now is that if it's good, would you believe it enough to trade it? If it was bad, would you believe it couldn't get even worse?

I don't even remember when I worried about the news releases last being a factor for more than a few minutes... Have to wait for the revisions anyway for the REAL numbers...
FUBAR...
  • #41,905
  • Oct 27, 2008 9:04am Oct 27, 2008 9:04am
http://news.yahoo.com/s/ap/20081027/...asury_meltdown

could this be the reason for the sudden movt we saw earlier
  • #41,906
  • Oct 27, 2008 9:06am Oct 27, 2008 9:06am
waiting..
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
  • #41,907
  • Oct 27, 2008 9:07am Oct 27, 2008 9:07am
wow, i woke up this morning to find two of my shorts from last thursday both had 400+ pip profit and hit my TP at 1.2350. i'm still a bear on this pair and have re-entered with a stop just above 1.25. good luck everyone!
  • #41,908
  • Oct 27, 2008 9:10am Oct 27, 2008 9:10am
short from 62 for 30
FUBAR...
  • #41,909
  • Oct 27, 2008 9:11am Oct 27, 2008 9:11am
ak4x can you let me know where you trade - Like that layout
  • #41,910
  • Oct 27, 2008 9:23am Oct 27, 2008 9:23am
Three times it has hit around 1.2470 and tumbled immediately.


All three times I have had my finger on the sell button, but havent pushed it.

Yes, I am a newbie.

yes, I am an idiot.

Over the last 3 hours I have left around 150-200 pips on the table.

Oh well.

I have at least now understood the importance, and the power, of Fibonacci and support and resistance.
  • #41,911
  • Oct 27, 2008 9:24am Oct 27, 2008 9:24am
Quoting ak4x
short from 62 for 30
TP changed to 22 on strong momentum on the GY/EJ pair and closed for 40 easy ones... just lucky I guess.

Done for the day. Careful trades all.
Attached Image
FUBAR...
  • #41,912
  • Oct 27, 2008 9:26am Oct 27, 2008 9:26am
Failed to break 1.2475...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 21 KB
  • #41,913
  • Oct 27, 2008 9:27am Oct 27, 2008 9:27am
Quoting Niandra_lade
Three times it has hit around 1.2470 and tumbled immediately.


All three times I have had my finger on the sell button, but havent pushed it.

Yes, I am a newbie.

yes, I am an idiot.

Over the last 3 hours I have left around 150-200 pips on the table.

Oh well.
Don't worry about it. There are plenty of opportunities to trade.

By the way, 90% of traders don't survive. Since you make or lose money if the market goes up or down, there are only two choices to make. That means you have roughly 50% odds. If it is all luck, shouldn't 50% of traders survive?

Patience and discipline is the trader's mantra.
  • #41,914
  • Oct 27, 2008 9:29am Oct 27, 2008 9:29am
Quoting Mr.Sabah
Failed to break 1.2475...
Amazing isnt it.


I am glad I stayed up trasding tonight.


Truth is, I am around $400 down.


But I dont even care about the losses, cos I have just learnt more than I can imagine watching the charts and how the Fib levels work.

Best $400 I ever spent.
  • #41,915
  • Oct 27, 2008 9:35am Oct 27, 2008 9:35am
Quoting TradeWell
Don't worry about it. There are plenty of opportunities to trade.

By the way, 90% of traders don't survive. Since you make or lose money if the market goes up or down, there are only two choices to make. That means you have roughly 50% odds. If it is all luck, shouldn't 50% of traders survive?

Patience and discipline is the trader's mantra.

I mentioned earlier in the thread that it was all luck, and I got in trouble for it.

I was only kidding when I said it!

If it was just luck, I would not partake as I am not a gambler.
  • #41,916
  • Oct 27, 2008 9:36am Oct 27, 2008 9:36am
Quoting Niandra_lade
The only people who do well in Forex are the lucky ones.

And luck never lasts forever


Edit - I do wish everyone great luck of course
It's quite obvious you are
  • #41,917
  • Oct 27, 2008 9:39am Oct 27, 2008 9:39am
the market is run 24 hours. If you lose today maybe tomorow your wining day. Remember its not just about luck but how to trade the market..

Quoting Niandra_lade
Amazing isnt it.


I am glad I stayed up trasding tonight.


Truth is, I am around $400 down.


But I dont even care about the losses, cos I have just learnt more than I can imagine watching the charts and how the Fib levels work.

Best $400 I ever spent.
  • #41,918
  • Oct 27, 2008 9:39am Oct 27, 2008 9:39am
Quoting acumen
It's quite obvious you are

Great forex traders are born like pheonixes and live like eagles!
  • #41,919
  • Oct 27, 2008 9:43am Oct 27, 2008 9:43am
I have a quick question.

Can someone tell me which FIB % levels are used for each FIB pivot point?


Example - is the PP the 50% fib level?

And which % are used for R1, R2, S1, S2 etc..

Thanks.
  • #41,920
  • Oct 27, 2008 9:46am Oct 27, 2008 9:46am
There's a potential turn in progress on 30m to 2hr, but soonest confirmation on my system is at least an hour or two away. Everything is getting out of synch, so that's "no trades for me" except scalping, and not in the mood for that today.

GY/EJ either about to break above 1hr Gann, stay sideways, or get slapped down and that will affect EU as well.

Be very careful short term, there are some powerful forces at work, and while they may not be effective over the long run, they could trigger a whopper of a drawdown for the shorts right now... Been there, done that, no fun.

I promised myself some time away while the sharks circle. Hang on to what you got...
FUBAR...
455 traders viewing now