EURUSD | Page 2434 | 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

  • #48,661
  • Dec 6, 2008 9:27am Dec 6, 2008 9:27am
Quoting TIckerShuffl
Long or short???
Well, i assume the bailout has turned positive with pelosi. And the fed doing many things that are trying to bring the market to shape yet again. 2009 will be different, hopefully... Heard that traders are fleeing to EUR as it seems like ECB has the upper hand... Waiting for the open!.
  • #48,662
  • Dec 6, 2008 9:41am Dec 6, 2008 9:41am
Quoting psiholog
I have taken into great consideration all that has happened this past week.
Glad that you're back, take the past as an experience to do things better in the future, you can have a great one, it only depends on you.
  • #48,663
  • Dec 6, 2008 10:07am Dec 6, 2008 10:07am
Quoting Trader4ever
see.
ABC are corrections. What you have labeled is impulsive, non-overlapping waves.

Here is the EW count I have. I am not 100% sure of ABC 4th wave. The correction may not have ended yet. Next week should tell whether downtrend will resume or if upward correction has further to go.
Attached Image (click to enlarge)
Click to Enlarge Name: EU4H.PNG Size: 40 KB
  • #48,664
  • Dec 6, 2008 10:41am Dec 6, 2008 10:41am
In my humble opinion I think were analysing friday too much.

It was a typical "freaky friday". And as usual, NFP was the perfect excuse for brokers to manipulate the market.
If it's too good to be true, it probably is.
  • #48,665
  • Dec 6, 2008 10:58am Dec 6, 2008 10:58am
Quoting SimonK
In my humble opinion I think were analysing friday too much.

It was a typical "freaky friday". And as usual, NFP was the perfect excuse for brokers to manipulate the market.
I was agreeing with that until you had to add broker manipulation. Friday's with news such as NFP are always volatile. Brokers don't have to play games. Thin trading volume and uncertainty are all that are required.

But even if I agree that they manipulate that is part of trading.

If I was a hunter could I complain that the animals don't play fair by standing still for me to shoot them?
  • #48,666
  • Dec 6, 2008 12:47pm Dec 6, 2008 12:47pm
Quoting SunTrader
I was agreeing with that until you had to add broker manipulation. Friday's with news such as NFP are always volatile. Brokers don't have to play games. Thin trading volume and uncertainty are all that are required.

But even if I agree that they manipulate that is part of trading.

If I was a hunter could I complain that the animals don't play fair by standing still for me to shoot them?
Never complained about it SunTrader. I just know that the big boys going on stop hunts is a fact of life.

That's why sometimes, on big news days, intraday highs and lows are taken out before price reverts to exactly the point that it started.
If it's too good to be true, it probably is.
  • #48,667
  • Dec 6, 2008 12:54pm Dec 6, 2008 12:54pm
Here an excellent article from Darkstar on the Broker Discussion, which I believe will help to have a clearer idea on what goes on in regard to prices, spikes, and so on. For those of you who haven't read it yet.

The Structure of Forex Brokers

http://www.forexfactory.com/showthread.php?t=7484
  • #48,668
  • Dec 6, 2008 1:38pm Dec 6, 2008 1:38pm
Quoting doblece
Here an excellent article from Darkstar on the Broker Discussion, which I believe will help to have a clearer idea on what goes on in regard to prices, spikes, and so on. For those of you who haven't read it yet.

The Structure of Forex Brokers

http://www.forexfactory.com/showthread.php?t=7484
Thanks Doblece

There is also an excellent book I have just read:

Beat The Forex Dealer - Agustin Silvani
http://eu.wiley.com/WileyCDA/WileyTi...470722088.html

He explains how you can trade with the dealers and use price manipulation to your advantage.
If it's too good to be true, it probably is.
  • #48,669
  • Dec 6, 2008 2:00pm Dec 6, 2008 2:00pm
Quoting SimonK
Never complained about it SunTrader. I just know that the big boys going on stop hunts is a fact of life.

That's why sometimes, on big news days, intraday highs and lows are taken out before price reverts to exactly the point that it started.
Yes but liquidity dries up prior to news announcements so if the bid drops by no one willing to step up and buy then whoever wants to sell, especially with a market order, will get lower and lower price fills. Until the panic few get out. Same in reverse if there is a dramatic move higher prior to news.

It isn't always the brokers that are at fault. It is many times the inexperienced who are determined to try to make money right before, during or right after the announcement. Which is almost always financial suicide.
  • #48,670
  • Dec 6, 2008 2:47pm Dec 6, 2008 2:47pm
Quoting SunTrader
Yes but liquidity dries up prior to news announcements so if the bid drops by no one willing to step up and buy then whoever wants to sell, especially with a market order, will get lower and lower price fills. Until the panic few get out. Same in reverse if there is a dramatic move higher prior to news.

It isn't always the brokers that are at fault. It is many times the inexperienced who are determined to try to make money right before, during or right after the announcement. Which is almost always financial suicide.
I agree. I learnt 2 years ago that news trading does not work.
If it's too good to be true, it probably is.
  • #48,671
  • Dec 6, 2008 3:04pm Dec 6, 2008 3:04pm
Quoting SimonK
In my humble opinion I think were analysing friday too much.

It was a typical "freaky friday". And as usual, NFP was the perfect excuse for brokers to manipulate the market.

brokers do not manipulate markets, they do not have that power
Don't chase the market, Let the market come to you
  • #48,672
  • Dec 6, 2008 4:04pm Dec 6, 2008 4:04pm
I don't want to take over this thread.Those are just legs of the elliot waves which run the market.If you want to see my thread,just ask
  • #48,673
  • Dec 6, 2008 4:16pm Dec 6, 2008 4:16pm
Send me a private message.
  • #48,674
  • Dec 6, 2008 4:29pm Dec 6, 2008 4:29pm
No thanks.
  • #48,675
  • Dec 6, 2008 6:12pm Dec 6, 2008 6:12pm
Quoting ak4x
...... It was pure dumb luck I caught it with my "instant on" screen capture program.....
Got somebody asking elswhere for just such a thing, if you could recommend it that would be appreciated.
  • #48,676
  • Dec 6, 2008 8:00pm Dec 6, 2008 8:00pm
Quoting psiholog
..Technically we are in one of the most uncertain times I have encountered in my short forex career. Since the end of October we have entered a consolidation period that may not end any time soon. This is represented through a wedge(triangle on daily charts) which is slowly reaching the end....
Take a look at this weekly chart that I threw some lines onto. It is showing what you have told us about channels: price hugs one wall, then moves to middle and consolidates, moves back to a wall, back to middle for a consolidation, moves quickly to the other wall, and is now in consolidation, and seems to be a long one. If it moves to the other wall, that could take 6 weeks if it continues to consolidate.

Blue line is center of channel, yellow arrow points to a rising trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly channel.gif Size: 12 KB
  • #48,677
  • Dec 6, 2008 10:55pm Dec 6, 2008 10:55pm
Quoting SunTrader
Got somebody asking elswhere for just such a thing, if you could recommend it that would be appreciated.
Snagit from techsmith. Literally one of the most useful programs i've ever seen or owned. They offer a full featured 30 day trial as well. The "instant on" option is called "One Click" and needs to be activated in the Tools tab, with several options for customization. Camtasia from the same company is right up there as well for creating web video.

I have both v8 and v9. The interface for v9 is somewhat different as it has many more features and I've not gotten a'rd to using it much yet. May need to take the time to watch the tutorials as it's quite a bit different from v8.

http://www.techsmith.com/

note: check into the various discount options they have to see if one fits you... educators, non profit etc. ((Wait, that would be me after last week!! ))
FUBAR...
  • #48,678
  • Dec 6, 2008 11:15pm Dec 6, 2008 11:15pm
Quoting ak4x
Snagit from techsmith. Literally...
Sorry to butt in, but I have a suggestion. Just hit the PrintScrn key on your keyboard. Instantly capture any screen with one key. If you want to capture just the active window, do ALT-PrintScrn.

It's built into XP/Vista and it's free. To save, open mspaint and do ctrl-v. Not as cool as SnagIT but it's free and I like free.

Btw, Jing Project is pretty cool as well and that's free.
  • #48,679
  • Dec 6, 2008 11:32pm Dec 6, 2008 11:32pm
Quoting TradeWell
Take a look at this weekly chart that I threw some lines onto. It is showing what you have told us about channels: price hugs one wall, then moves to middle and consolidates, moves back to a wall, back to middle for a consolidation, moves quickly to the other wall, and is now in consolidation, and seems to be a long one. If it moves to the other wall, that could take 6 weeks if it continues to consolidate.

Blue line is center of channel, yellow arrow points to a rising trendline.
thank you for showing me first hand how people incorporate my observations into their own.

i am inclined to believe that consolidation will continue as well for some time to come but given the sharp intraday changes (the geppy beast and us stock market are the best examples) which seem to be related to news mainly...id be prepared at any time for that one violent move to happen. the topic this week will be the car manufacturer bailout plan which if approved may create a short bull rally. 500k jobs lost for november is a perfect example of just how bad a state the us economy is in. the plan not getting approved would imply that 500k number will be "multiplied" (yes i did say multiply by at least a factor of 2) so its almost a given that the government will prevent that from happening with approval of the bailout plan which in turn may lead to a bull rally to that upper wall of the whole downtrend channel. still..scalping is king.
Different opinions highly valued, ignorant to slander.
  • #48,680
  • Dec 7, 2008 2:26am Dec 7, 2008 2:26am
VERY!! Sweet *FREE* Capture Program - Grab Desktop/Window - Save to Clipboard/File - Configure any HotKey - I have NO IDEA why its Free!! Puts a tiny camera icon on the system tray - just click it to capture.

http://www.analogx.com/contents/down...em/capture.htm
1,166 traders viewing now