EURUSD | Page 2950 | 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

  • #58,981
  • Jan 26, 2009 7:14am Jan 26, 2009 7:14am
Last level for my shorts!!
  • #58,982
  • Jan 26, 2009 7:14am Jan 26, 2009 7:14am
Does anyone see the signals in trend change? RSI 15 minutes shows overbought market.
  • #58,983
  • Jan 26, 2009 7:19am Jan 26, 2009 7:19am
hi dude, whats your stops? you confident it will drop?
Quoting BoredToLoose
Last level for my shorts!!
  • #58,984
  • Jan 26, 2009 7:19am Jan 26, 2009 7:19am
Quoting pinchapip
Fundamentals are, as the word suggests, the "fundaments" of everything...BUT....trading fundamentals is, IMHO more for long term trades, very long term trades....
I agree with you!
But Isn't that the reason for backtesting?
I mean if you can create a good model which shows you what would happen the next time the fundamental is release you won't need to be in front of your tv or pc to see what happen.
I think the point is not to trade fundamentals but using them as a starting point to check direction.
Life is a party!!! will you seat or will you dance?
  • #58,985
  • Jan 26, 2009 7:21am Jan 26, 2009 7:21am
I like reentering longs around 1.3060 in EUR and .6570 in AUD, backing out of short term action and looking at hourly perhaps due for a little retrace.

EDIT gold still climbing
  • #58,986
  • Jan 26, 2009 7:28am Jan 26, 2009 7:28am
Quoting sincronic
Well I think it'll stay for a while at 1.31 level but I agree with you.

Thank you kind sir,

Hope the reasoning pans out.

We'll know soon enough.
  • #58,987
  • Jan 26, 2009 7:30am Jan 26, 2009 7:30am
Market News Intl. reports that currency strategists at UBS recommended to sell euro/usd at 1.3180 target at 1.2500. stop at 1.3450
  • #58,988
  • Jan 26, 2009 7:31am Jan 26, 2009 7:31am
Quoting c-note
Market News Intl. reports that currency strategists at UBS recommended to sell euro/usd at 1.3180 target at 1.2500. stop at 1.3450
Link?
  • #58,989
  • Jan 26, 2009 7:34am Jan 26, 2009 7:34am
Quoting aaronlee1979
hi dude, whats your stops? you confident it will drop?
I have added this 1.3177 to my 1.3740 short.

My average price is above my SL.
I will see today where I will close my shorts, but 1.3333 seems to be a nice one, but need to see better!!

Editing - 1.3177 it is a strong resistance for today!!
  • #58,990
  • Jan 26, 2009 7:35am Jan 26, 2009 7:35am
Quoting TIckerShuffl
Link?
cain"t link to it --came across my trading system news service
  • #58,991
  • Jan 26, 2009 7:37am Jan 26, 2009 7:37am
I need some favor from the expert. how do you all know that the eurusd is buy day today? How long you can understand the trending today. I learn and understand buy analyse the day before or year before to target the resistant and support for a day. but how about the present movement? i use more then 6 indicator to give a estimations. And how far the backtesting in demo different with live trading?

thanks
  • #58,992
  • Jan 26, 2009 7:40am Jan 26, 2009 7:40am
2nd short at 1.3170 TP 1.3084
  • #58,993
  • Jan 26, 2009 7:41am Jan 26, 2009 7:41am
Quoting toshi
Thank you kind sir,

Hope the reasoning pans out.

We'll know soon enough.
Sure we do!!
We're in the middle testing 1.315
The price will go to 1.30 if it breaks lower than 1.3060 otherwise will stay around 1.31 for a few hours which would means I couldn't trade today.
I think I'll scalp a bit today.
What you think?
Life is a party!!! will you seat or will you dance?
  • #58,994
  • Jan 26, 2009 7:43am Jan 26, 2009 7:43am
Quoting rody8808
2nd short at 1.3170 TP 1.3084
hi rody8808, whats ur SL?
  • #58,995
  • Jan 26, 2009 7:44am Jan 26, 2009 7:44am
are you sure? are just guessing?
  • #58,996
  • Jan 26, 2009 7:46am Jan 26, 2009 7:46am
sl - 1.3200
  • #58,997
  • Jan 26, 2009 7:47am Jan 26, 2009 7:47am
what indicator you used? MACD and SMA? what the setting?
  • #58,998
  • Jan 26, 2009 7:48am Jan 26, 2009 7:48am
Quoting rody8808
sl - 1.3200
hi rody8808, your SL is same as mine.. cheers!
  • #58,999
  • Jan 26, 2009 7:49am Jan 26, 2009 7:49am
Macd and Stochs. I also use EMA's for longer trades.
  • #59,000
  • Jan 26, 2009 7:50am Jan 26, 2009 7:50am
Quoting sincronic
I agree with you!
But Isn't that the reason for backtesting?
I mean if you can create a good model which shows you what would happen the next time the fundamental is release you won't need to be in front of your tv or pc to see what happen.
I think the point is not to trade fundamentals but using them as a starting point to check direction.
Back testing is intrinsically technical. Correct me if I'm wrong but, never heard about "fundamental backtesting" You are probably referring to how technicals behave to fundamentals. And if indeed that is what you mean, you can discard the fundameltals alltogether because technicals will stand by itself.

A "fundamental model" will never work because fundamentals are based on 2 variables, (a) which fundamental and (b)how the fundamental will be interpreted. Good luck trying to design an algorytm with this kind of uncertainty, it's easier to become a millionaire in Vegas. Most of the times one can find a lot of wisdom in popular sayings...like ...when traders call fundamentals "funnymentals" thats because popular wisdom already came to the conclusion that they are not reliable. At least for short and medium term trades.
For he that would be deceived, let him.
200 traders viewing now