EURUSD | Page 2386 | 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

  • #47,701
  • Dec 1, 2008 10:32am Dec 1, 2008 10:32am
Dow about to collapse??

400+ down is not enough.

I see support at 8300 or about 100 points lower.
  • #47,702
  • Dec 1, 2008 10:37am Dec 1, 2008 10:37am
Quoting SunTrader
Dow about to collapse??

400+ down is not enough.

I see support at 8300 or about 100 points lower.
Agreed..but that was the opening drop...if 8300 breaks..we can go down rapidly towards 7600 range (before city bailout breakout)

As always..just my 2 cents..
  • #47,703
  • Dec 1, 2008 10:49am Dec 1, 2008 10:49am
Quoting Shadowfx
Agreed..but that was the opening drop...if 8300 breaks..we can go down rapidly towards 7600 range (before city bailout breakout)

As always..just my 2 cents..
Agreed it could happen. But opening drop was actually 8560 and low of the day (so far!!) is 155 points lower at 8405.

My feeling looking at market internals is not much lower today. Tomorrow, the next day is another story.
  • #47,704
  • Dec 1, 2008 10:59am Dec 1, 2008 10:59am
Quoting psiholog
the real question to your question is why did the dollar get so strong against most other currencies (except cad with a possible h&s implying more dollar weakness and jpy) and do nothing against the euro?...you find the answer to that...youll know how far down we go..as for me...im baffled.

Any opinions on this out there?
How do you prevent taking profit too early? I always blame myself for taking profit too early causing me to lose out more pips then I put on the table. How to know? Issit spinning top or 123 top/bottom or resistance pivot?
Forex Price Action Hacked - Price Action Rockstar
  • #47,705
  • Dec 1, 2008 11:02am Dec 1, 2008 11:02am
GBP/USD Free fall 550 pip!!
Strange unbelievable !
Thought cot report show some big player buyers, And gold above 750,AND STATEMENT FROM SAUID ARABIA AND QATAR about oil must not less than 70$ make possible reverse but now no way
  • #47,706
  • Dec 1, 2008 11:03am Dec 1, 2008 11:03am
Quoting david_akc
How do you prevent taking profit too early? I always blame myself for taking profit too early causing me to lose out more pips then I put on the table. How to know? Issit spinning top or 123 top/bottom or resistance pivot?
Take some profits early, where you feel comfortable. But then leave some of your position in, move SL to entry, then there's nothing left to be afraid of.
  • #47,707
  • Dec 1, 2008 11:04am Dec 1, 2008 11:04am
Quoting david_akc
How do you prevent taking profit too early? I always blame myself for taking profit too early causing me to lose out more pips then I put on the table. How to know? Issit spinning top or 123 top/bottom or resistance pivot?
I tell you honestly...do NOT worry about taking profit to early..set your target and don't worry about "I could have made"..that's where a lot of traders lose money in my experience..
If you confident after taking first profit there is more to gain..find a re-entry which will make up for your "lost" profit pips..

I have one main rule in forex..better safe then sorry...

Just my 2 cents...
  • #47,708
  • Dec 1, 2008 11:06am Dec 1, 2008 11:06am
What do people think the outcome to the Bernankespeach will be? What will happen to the USD against the majors?
Probability Professor
  • #47,709
  • Dec 1, 2008 11:06am Dec 1, 2008 11:06am
Quoting psiholog
the real question to your question is why did the dollar get so strong against most other currencies (except cad with a possible h&s implying more dollar weakness and jpy) and do nothing against the euro?...you find the answer to that...youll know how far down we go..as for me...im baffled.

Any opinions on this out there?
8:30am CAD http://www.forexfactory.com/images/m...mpact_high.gif GDP m/m http://www.forexfactory.com/images/m...etail_star.gif 0.1% 0.2% -0.5%http://www.forexfactory.com/images/m...us_revised.gif
  • #47,710
  • Dec 1, 2008 11:15am Dec 1, 2008 11:15am
Hey guys.

Since i am not doing much today i thought about checking my s/r lines.

Do a little maintenance.

But i am not that good.

I know it is not of the thread ,but i would like to ask you guys ,how do you determine weaker than stronger lines looking at monthly ,weekly ,daily timeframes?

Any sites:nerd: recomendations?

Thanks.
  • #47,711
  • Edited 11:28am Dec 1, 2008 11:17am | Edited 11:28am
Quoting david_akc
How do you prevent taking profit too early? Issit spinning top or 123 top/bottom or resistance pivot?
None of the above.

It was never really rocket science to start with, and there have to be several dozen posts at minimum in the last few weeks by multiple authors on this specific topic alone.

I at least have no intention of going back over all that. Try a search on "scale out" with my username and quite a few show up. There are many others as well that you should find useful.

For starters... http://www.forexfactory.com/showpost...ostcount=40059
FUBAR...
  • #47,712
  • Dec 1, 2008 11:22am Dec 1, 2008 11:22am
Quoting P.i.P
how do you determine weaker than stronger lines looking at monthly ,weekly ,daily timeframes?
weak = broken
strong = not broken.

Seriously. I usually have very few weak TL's on high TF charts, cuz once they get broken, I delete/modify them unless there's a specific reason to keep them.

Flexible = succesful
Rigid = broke
FUBAR...
  • #47,713
  • Dec 1, 2008 11:27am Dec 1, 2008 11:27am
Just taking a break from raking in the (many) short pips (EJ/GY)... EU gave me big knot on my head hitting it on the screen so I've gone slumming.

Back to work.
Attached Image
FUBAR...
  • #47,714
  • Dec 1, 2008 11:31am Dec 1, 2008 11:31am
Quoting ak4x
weak = broken
strong = not broken.

Seriously. I usually have very few weak TL's on high TF charts, cuz once they get broken, I delete/modify them unless there's a specific reason to keep them.

Flexible = succesful
Rigid = broke

Thanks ak.

What i do is keep the past lines and adjust them to the new highs/lows.
I try to consider weaker lines the lines that the last time price got to them broke or consolidated around the line making it obsolete. I do not delete the line. I just change the color to show its weakness until next time price gets there.

What do you thing?


Attached Image (click to enlarge)
Click to Enlarge Name: wert.gif Size: 15 KB
  • #47,715
  • Dec 1, 2008 11:32am Dec 1, 2008 11:32am
Dec. 1 (Bloomberg) -- The U.S. economy entered a recession in December 2007, the panel that dates American business cycles said today.

http://www.bloomberg.com/apps/news?p...Wmk&refer=home


Will this affect?????
  • #47,716
  • Dec 1, 2008 11:50am Dec 1, 2008 11:50am
psiholog you were right with today's dow sell

what happened today with the euro.... I hope to have more action tomorrow...
  • #47,717
  • Dec 1, 2008 12:01pm Dec 1, 2008 12:01pm
Quoting P.i.P
Thanks ak. I just change the color to show its weakness until next time price gets there.

What do you thing?
On my mid level tf charts (20m thru 2hr), i do exactly the same thing as I'll often run tl's thru the middle of a consolidation or ranging period to give me a quick idea of relative strength of the line vs the momentum for that period. i am very quick to delete them tho as the session unfolds and things change, especially if they begin to affect my decisions. my (horizontal) fibs and pivots are always my main static indi's at that point. you have to determine ahead of time what works and doesn't work or you'll go nuts.

I have a green/yellow/red system that i use for angled s/r lines and they may stay up for as long as price is in that range. green = likely to be broken so no big deal, yellow is a little firmer, and red gets my attention if broken or bounced off. but angled tl's are also what i pay the least attention to...

for instance, right now in this whippy market, i'm not even reading this thread and trading at the same time or i'd go bust listening to all the racket and missing my signals. i'm just drinking coffee and adding to the noise pollution atm while some already scaled out GY/EJ shorts are running on autopilot at +150 pips...

all this is somewhat fluid, hard to explain, and subject to how I feel atm... simply put, do it if it works for you, but i don't usually post all that crap on my thread charts (unless i forget) or it seems to be helpful. I think i've done it on purpose maybe 2 times total. be too confusing and who cares anyway??

Scuse me while I go figure out if it's safe to pick a GY bottom. ...right.
FUBAR...
  • #47,718
  • Dec 1, 2008 12:04pm Dec 1, 2008 12:04pm
Quoting GuateForex
Dec. 1 (Bloomberg) -- The U.S. economy entered a recession in December 2007, the panel that dates American business cycles said today.

http://www.bloomberg.com/apps/news?p...Wmk&refer=home


Will this affect?????
That is an arbitrary decision by a small group of people that don't even use the classic definition of a recession. Spitting in the wind...

What's more important is knowing that the economy is suffering and policies need to be implemented that deal with it. Deciding when it started will not change what is happening now.
  • #47,719
  • Dec 1, 2008 12:13pm Dec 1, 2008 12:13pm
Thanks AK.


You are scused. Go pinch a bottom.

  • #47,720
  • Dec 1, 2008 12:16pm Dec 1, 2008 12:16pm
hmmm

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 30 KB


neither
Different opinions highly valued, ignorant to slander.
509 traders viewing now, 1 is registered:
swannjie