EURUSD | Page 2822 | 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

  • #56,421
  • Jan 14, 2009 12:01pm Jan 14, 2009 12:01pm
Quoting gregam1128
yes I do believe that you can. Everyone expects certain news events to come out negative. Most of the news is priced in. In regards to long term movements.
See my weekly chart. See the downtrend, met with support at 2405.

See the 2 bull candles. Notice the wick on the top bull candle. That signifies significant selling into a buy rally. Most likely smart money selling into the buy rally. It's called positioning. followed by high volume short selling. Which I expect to continue until the 2430 area.

Just my opinion. I'm out!

That is some great VSA for you!

/H
  • #56,422
  • Jan 14, 2009 12:09pm Jan 14, 2009 12:09pm
Quoting SunTrader
Many keep spotting bullish H&S's ................ as we head lower ....... and lower.

Dazzer - my post is coincindental to yours. I was meaning the multiple times lately. Not good to look for a bottom.

Yeah I know. I'm looking at the bearish version and if doesn't whip back down soon, I'll bail on this one for small loss.
  • #56,423
  • Jan 14, 2009 12:14pm Jan 14, 2009 12:14pm
I'm thinking this is the start of the move down. Just a whisper from my SL that time
  • #56,424
  • Edited 12:28pm Jan 14, 2009 12:17pm | Edited 12:28pm
The tip of the head to the neckline is about 51 pips. I will take the obvious TP and not try to be clever. Stops amended.

Edit: That support is a 21SMA on the M15. A real pain when your short. The next visit down (should it do so) will take my SL to BE.
  • #56,425
  • Jan 14, 2009 12:29pm Jan 14, 2009 12:29pm
i like to keep things simple

in case ecb doesn't cut 75 bps, i see a run up to 1,38
help me here, in case i am wrong
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_ff_2.gif Size: 13 KB
  • #56,426
  • Jan 14, 2009 12:30pm Jan 14, 2009 12:30pm
Quoting zoheir
... www.babypips.com

Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by john murphy

practice, practice, practice , and then practice some more!!
Naked:

zoheir is giving you great recommendations . I have done the above and that gave me a great start. You can practice even more by using a trading simulator. Practice is really a big key. You can read all the books you want but until you glue yourself to the screen you really won't have a feel for it.
  • #56,427
  • Jan 14, 2009 12:34pm Jan 14, 2009 12:34pm
some say the cut willl be at 25 or even postponed, others say 50, and some more say 75, and a few says 100 or 125.
  • #56,428
  • Jan 14, 2009 12:36pm Jan 14, 2009 12:36pm
Quoting PipPipPip
some say the cut willl be at 25 or even postponed, others say 50, and some more say 75, and a few says 100 or 125.
in a 25 or less rate cut
or more than 75,
nothing stops it from reaching 1,44
  • #56,429
  • Jan 14, 2009 12:39pm Jan 14, 2009 12:39pm
Quoting TradeWell
Naked:

zoheir is giving you great recommendations . I have done the above and that gave me a great start. You can practice even more by using a trading simulator. Practice is really a big key. You can read all the books you want but until you glue yourself to the screen you really won't have a feel for it.
Thank you TW ..... Absolutely true, also , never treat a demo account as a game, feel the pip loss and enjoy the pip gain, create a discipline that a pip has got value on its own regardless if its a dollar or a penny.
  • #56,430
  • Jan 14, 2009 12:45pm Jan 14, 2009 12:45pm
Like your rather clean chart . Are the red/blue diamonds a s/r indi ? If its available would you direct me to where I can download ? How do you use
it , for instance does it work as well on multiple t/f . Thanks

Quoting SpecialEd
EUR/USD has been in this big downward channel for a week. No real surprise that it headed north for as much as it did, but the timing is kind of surprising. But then again, what a nice gift for someone who planned on only a scalp or two in the Aussie session. See chart.
  • #56,431
  • Jan 14, 2009 12:46pm Jan 14, 2009 12:46pm
Quoting zoheir
Thank you TW ..... Absolutely true, also , never treat a demo account as a game, feel the pip loss and enjoy the pip gain, create a discipline that a pip has got value on its own regardless if its a dollar or a penny.
Has very limited value.
Nothing like banking a ton of pips on a demo, getting hyped up and going live, and blowing your account, over leveraging, and making risky trades.
It takes the loss of real money on a real account to knock the reality into a trader with false hopes and impressions gained from a demo account.
  • #56,432
  • Jan 14, 2009 12:47pm Jan 14, 2009 12:47pm
Quoting TradeWell
Naked:

zoheir is giving you great recommendations . I have done the above and that gave me a great start. You can practice even more by using a trading simulator. Practice is really a big key. You can read all the books you want but until you glue yourself to the screen you really won't have a feel for it.
May I ask. Demo vs. Mini. What do you think? Someone said Demo makes bad habits. Is it really so?
Live to ride. Ride to live.
  • #56,433
  • Jan 14, 2009 12:47pm Jan 14, 2009 12:47pm
Quoting zoheir
Thank you TW ..... Absolutely true, also , never treat a demo account as a game, feel the pip loss and enjoy the pip gain, create a discipline that a pip has got value on its own regardless if its a dollar or a penny.

Very true, use the demo as a real learning experience. Practice is essential. Missed that point.
  • #56,434
  • Jan 14, 2009 12:49pm Jan 14, 2009 12:49pm
Quoting ak4x
Sounds like you didn't spend the time to get to really know any of them...

The so-called "naked" approach still must of necessity rely on some kind of information input, even it's just candles or a line chart on a screen. A truly naked technique would mean looking at a blank screen.

The chart below is about as Naked as you can get on the right side and still trade, but unfortunately, the chart is a weekly and therefore the data lags by that amount at least...

My point is that now after all the past investment in time and resources into "indicators"...
How many is enough not to get into clutter, confusing signals, etc.?
Live to ride. Ride to live.
  • #56,435
  • Jan 14, 2009 12:52pm Jan 14, 2009 12:52pm
Quoting steel777
Like your rather clean chart . Are the red/blue diamonds a s/r indi ? If its available would you direct me to where I can download ? How do you use
it , for instance does it work as well on multiple t/f . Thanks
Thanks. I will attach the Support and Resistance indicator to this post. I use them, in conjunction with my primary method (THV; there is a thread for that) to help decide points of entry and exit.

Basically, these diamonds are points at which price found either resistance or support in the recent past. Like any other resistance or psych, I try to enter after these points (to avoid such resistance) and I try to exit before. They work with any timeframe and with any method.

Good luck.
Ed
Attached File(s)
File Type: ex4 Support and Resistance.ex4   2 KB | 327 downloads
Up or down, gimme a ticket
  • #56,436
  • Jan 14, 2009 12:53pm Jan 14, 2009 12:53pm
Quoting gregam1128
Has very limited value.
Nothing like banking a ton of pips on a demo, getting hyped up and going live, and blowing your account, over leveraging, and making risky trades.
It takes the loss of real money on a real account to knock the reality into a trader with false hopes and impressions gained from a demo account.
Compare IBFX demo with IBFX live and you will see 2 different data feed scenario's. Sometime even the bars are different.
  • #56,437
  • Jan 14, 2009 12:53pm Jan 14, 2009 12:53pm
Quoting Naked
May I ask. Demo vs. Mini. What do you think? Someone said Demo makes bad habits. Is it really so?
Demo is a mixed bag. You do need to practice but when you know it's not real money you tend to not take it seriously enough. I've heard people say take a demo account and double it before you trade live, but you can get lucky and double it anyway. Hard to say, but if you don't demo, go with the smallest possible contract size (fraction of a contract in mini, or a micro account).
  • #56,438
  • Jan 14, 2009 12:54pm Jan 14, 2009 12:54pm
Quoting gregam1128
Has very limited value.
Nothing like banking a ton of pips on a demo, getting hyped up and going live, and blowing your account, over leveraging, and making risky trades.
It takes the loss of real money on a real account to knock the reality into a trader with false hopes and impressions gained from a demo account.
Isn't that down to how the individual uses the demo account though? If your MM is right and your system stands the test of time on a demo, then why change that when it comes to real money? Demos added value for me at least.

Dazzer
  • #56,439
  • Jan 14, 2009 12:55pm Jan 14, 2009 12:55pm
Quoting gregam1128
Compare IBFX demo with IBFX live and you will see 2 different data feed scenario's. Sometime even the bars are different.
That is also true. Demos are more lenient
  • #56,440
  • Jan 14, 2009 12:59pm Jan 14, 2009 12:59pm
Quoting Dazzer
Isn't that down to how the individual uses the demo account though? If your MM is right and your system stands the test of time on a demo, then why change that when it comes to real money? Demos added value for me at least.

Dazzer
If you loose all of the money in your demo account will you be emotionally affected? No matter how hard you try, you will not be as connected to the loss, as if it were your own hard earned moolah. Demo's don't train you for emotion. An emotion is one of the biggest things that you must conquer in trading. PERIOD!
My opinion, Demo is good to teach you the mechanics of trading. Micro or mini will teach you the reality of trading!http://www.forexfactory.com/images/icons/icon6.gif
2,003 traders viewing now, 1 is registered: