EURUSD | Page 3375 | 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

  • #67,481
  • Feb 21, 2009 10:26pm Feb 21, 2009 10:26pm
NOT SURE WHY PEOPLE CONTINUE TO TRADE USING OUTDATED METHODOLOGY AND TA'S. I'VE READ ALOT OF POST OF PEOPLE WHO ARE VERY HEAVY USERS OF TA'S ON HERE...TRUTH IS THEY DON'T WORK..VSA IS TRUE TRIED METHOD OF TRADING...CHECK OUT ARTICLES IN SFO FOR MORE INFO

http://www.sfomag.com/homefeaturedet...ne&YearID=2006
  • #67,482
  • Feb 21, 2009 10:41pm Feb 21, 2009 10:41pm
Quoting nyse1982
NOT SURE WHY PEOPLE CONTINUE TO TRADE USING OUTDATED METHODOLOGY AND TA'S. I'VE READ ALOT OF POST OF PEOPLE WHO ARE VERY HEAVY USERS OF TA'S ON HERE...TRUTH IS THEY DON'T WORK..VSA IS TRUE TRIED METHOD OF TRADING...CHECK OUT ARTICLES IN SFO FOR MORE INFO

http://www.sfomag.com/homefeaturedet...ne&YearID=2006


(Clearing ears)

Without going into details, because after you get burnt seriously you'll understand what i'm talking about...

The basics (volume) are per broker. I suggest forward testing(demo acct with reliable feeds) that a few weeks and then come again, because...:

- You're Waaaaaaaaaaaaaaaaaaaaaaayyyy over your head, honestly. I'm no one, but remember these posts (mine and yours) in a few months at most.

Now i'm off to find a "new system" since the ones I use over the past 5 years profitably and proven over different market conditions are "outdated"... sheeesshh!
Traders are smartasses
  • #67,483
  • Feb 21, 2009 10:48pm Feb 21, 2009 10:48pm
Quoting KillerWhale
Long or short? And why? Indicators?

Fundamentals also look bearish
I understand it looks bearish! but does the euro fundamentals looks bullish? if the usd dollars fundies are bearish the questions is.. it's going to weaken against what? .We are trading a pair. Just a discussion dont get me wrong. I trade both ways up or down
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #67,484
  • Feb 21, 2009 10:50pm Feb 21, 2009 10:50pm
Quoting Spsantos


(Clearing ears)

Without going into details, because after you get burnt seriously you'll understand what i'm talking about...

The basics (volume) are per broker. I suggest forward testing(demo acct with reliable feeds) that a few weeks and then come again, because...:

- You're Waaaaaaaaaaaaaaaaaaaaaaayyyy over your head, honestly. I'm no one, but remember these posts (mine and yours) in a few months at most.

Now i'm off to find a "new system" since the ones I use over the past 5 years profitably and proven over different market...
Isn't amazing how someone can just pop in, tell us all we are wrong and they are right and we should forget what we are doing and do what they are doing yada freakin' yada.

Yeah Madoff and Stanford probably used VSA too!!!

  • #67,485
  • Feb 21, 2009 10:51pm Feb 21, 2009 10:51pm
Quoting nyse1982

how do you determine your entry or setup?
You toast me about a piece of trivia (which the Japanese have been using for over 60 years) and then want to know my setup.

Well, I went to Sigihor (have to look that one up) and found an ugmo (have to look that one up too). Then I put a laptop in front of them and ask what color is the next line and where will it start. They then break an itlog and mix it with manok feet. The patterns they get tell me if the next line is green or red.

Hell buddy, my method is like everyone else's. The only difference is I listen to people Like Driver, JW, AK, Psi, and others to see if what I see is what they see. I ask questions such as, "why do you think that?" and not "do I buy or sell?"

You probably need to stay with VSA. My method requires listening to others.
  • #67,486
  • Feb 21, 2009 10:53pm Feb 21, 2009 10:53pm
Quoting nyse1982
NOT SURE WHY PEOPLE CONTINUE TO TRADE USING OUTDATED METHODOLOGY AND TA'S. I'VE READ ALOT OF POST OF PEOPLE WHO ARE VERY HEAVY USERS OF TA'S ON HERE...TRUTH IS THEY DON'T WORK..VSA IS TRUE TRIED METHOD OF TRADING...CHECK OUT ARTICLES IN SFO FOR MORE INFO

http://www.sfomag.com/homefeaturedet...ne&YearID=2006
Problem is that volume is hard to measure in forex. I hear esignal provides a good chunk, but it's not all of it.
  • #67,487
  • Feb 21, 2009 10:55pm Feb 21, 2009 10:55pm
Quoting nyse1982
NOT SURE WHY PEOPLE CONTINUE TO TRADE USING OUTDATED METHODOLOGY AND TA'S. I'VE READ ALOT OF POST OF PEOPLE WHO ARE VERY HEAVY USERS OF TA'S ON HERE...TRUTH IS THEY DON'T WORK..VSA IS TRUE TRIED METHOD OF TRADING...CHECK OUT ARTICLES IN SFO FOR MORE INFO

http://www.sfomag.com/homefeaturedet...ne&YearID=2006

you know you are sooo right......why dont you start your own thread on this very subject
Don't chase the market, Let the market come to you
  • #67,488
  • Feb 21, 2009 10:56pm Feb 21, 2009 10:56pm
Quoting vulture
I understand it looks bearish! but does the euro fundamentals looks bullish? if the usd dollars fundies are bearish the questions is.. it's going to weaken against what? .We are trading a pair. Just a discussion dont get me wrong. I trade both ways up or down
Actually Euro fundies might look very bad in the near future, especially eastern Europe countries.
Usa fundies: we're getting used to it that they look bad
New voice message: Why are you calling me? If I need you, I'll call you!
  • #67,489
  • Feb 21, 2009 10:57pm Feb 21, 2009 10:57pm
Quoting vulture
I understand it looks bearish! but does the euro fundamentals looks bullish? if the usd dollars fundies are bearish the questions is.. it's going to weaken against what? .We are trading a pair. Just a discussion dont get me wrong. I trade both ways up or down
Fundies are bearish for US, UK and Euro zone, they're all swimming in shit.

Question is, who's going to get out first?

Your guess is as good as mine, a coin toss may be more accurate.
  • #67,490
  • Feb 21, 2009 10:58pm Feb 21, 2009 10:58pm
Quoting vulture
I understand it looks bearish! but does the euro fundamentals looks bullish? if the usd dollars fundies are bearish the questions is.. it's going to weaken against what? .We are trading a pair. Just a discussion dont get me wrong. I trade both ways up or down
There are part of the broken record crowd - "the fundamentals say so". Ignoring the fundamentals say the euro is hurting and the pound is heading for zimbob territory.
  • #67,491
  • Feb 21, 2009 10:58pm Feb 21, 2009 10:58pm
To All The Trading Wizards/ Gurus/ Distinguished Senior Members et al :

Hi, I have just recently signed up with FF and I am wondering if anybody above can help me to find a Trading System which can generate the following Signals:-

a)Topping signal during rally?
b)Basing signal during decline?
c)Prevailing PA Mode - Whether correction or reversal?
d)Entry/Exit/SL levels?
e)resistance/support levels?
f)APPT Ratio in relation to SL/TP level?

I am sure all the other traders will be able to benefit from your learned revelations and generous insight/foresight.........Is this not the purpose of the forum or perhaps I am wrong?
  • #67,492
  • Feb 21, 2009 11:02pm Feb 21, 2009 11:02pm
Oh that is all you need.
  • #67,493
  • Feb 21, 2009 11:07pm Feb 21, 2009 11:07pm
Eastern europe problems seem to be far worse than already announced, plus Western European (EU) banks that lent money to them are way over-leveraged... Eastern Europe may drag the EU into more trouble.

I spent this Saturday digging about this here(I live in the EU..), there are many European banks that use 50% more leverage than US banks...

PLUS, for example,(there are more, yes) the Austrian banks have lent around $290 billion that is 70% of Austrian GDP...

Banks like these can't be saved, they are too "BIG", (thanks to over-leveraging)...

And I feel (for whatever its worth) there's still more to be known...

March (specially the 3rd Friday) can be decisive.
Traders are smartasses
  • #67,494
  • Feb 21, 2009 11:12pm Feb 21, 2009 11:12pm
Quoting SunTrader
Isn't amazing how someone can just pop in, tell us all we are wrong and they are right and we should forget what we are doing and do what they are doing yada freakin' yada.

Yeah Madoff and Stanford probably used VSA too!!!



Very good
New voice message: Why are you calling me? If I need you, I'll call you!
  • #67,495
  • Feb 21, 2009 11:15pm Feb 21, 2009 11:15pm
Quoting 99vt66
To All The Trading Wizards/ Gurus/ Distinguished Senior Members et al :

Hi, I have just recently signed up with FF and I am wondering if anybody above can help me to find a Trading System which can generate the following Signals:-

a)Topping signal during rally?
b)Basing signal during decline?
c)Prevailing PA Mode - Whether correction or reversal?
d)Entry/Exit/SL levels?
e)resistance/support levels?
f)APPT Ratio in relation to SL/TP level?

I am sure all the other traders will be able to benefit from your learned revelations and generous insight/foresight.........Is...
That is correct - you are wrong. Post that here -

http://www.forexfactory.com/forumdisplay.php?f=71

The trading system section.

GL
  • #67,496
  • Edited Feb 22, 2009 12:17am Feb 21, 2009 11:54pm | Edited Feb 22, 2009 12:17am
Quoting nyse1982
NOT SURE WHY PEOPLE CONTINUE TO TRADE USING OUTDATED METHODOLOGY AND TA'S. I'VE READ ALOT OF POST OF PEOPLE WHO ARE VERY HEAVY USERS OF TA'S ON HERE...TRUTH IS THEY DON'T WORK..VSA IS TRUE TRIED METHOD OF TRADING...CHECK OUT ARTICLES IN SFO FOR MORE INFO

http://www.sfomag.com/homefeaturedet...ne&YearID=2006
Ok, and thanks for the system. When there is a volume spike on an upwards move and then one candle is tall but closes around middle and the next candle is tall and closes nearer top......SELL. When there is a volume spike on a downwards move and then one candle is tall and closes around middle and the next candle is tall and closes nearer bottom.....BUY. Again, thanks for the system.
  • #67,497
  • Feb 22, 2009 12:07am Feb 22, 2009 12:07am
Quoting SunTrader
There are part of the broken record crowd - "the fundamentals say so". Ignoring the fundamentals say the euro is hurting and the pound is heading for zimbob territory.
Amazing ain't it? time will tell the usd is not a small or young currency to collapse easelly without worst global consequenses. one must be carefull! when it come to call for it.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #67,498
  • Feb 22, 2009 12:14am Feb 22, 2009 12:14am
Quoting traderathome
However, instead of a system that lets me know when the Professionals are dumping what they bought, or buying to cover what they sold, I'd prefer a system that lets me know when they are buying and when they are shorting! They don't always immediately begin accumulating the instant they finish buying to cover. Nor do they always immediately begin distributing the instant they finish selling what they previously bought. No, the real accumulation and distribution may be done over time BEFORE we see the manipulation that causes the volume and PA spikes...
Now i am confused... why do a Pro needs to know what the other Pro is doing ?? AND even if you know, it may be a INACCURATE becos they mabbe just scaling down or up ? Am I wrong again ?
  • #67,499
  • Feb 22, 2009 12:19am Feb 22, 2009 12:19am
Quoting traderathome
Ok, and thanks for the system. When there is a volume spike on an upwards move and then one candle is tall but closes around middle and the next candle is tall and closes nearer top......SELL. When there is a volume spike on a downwards move and then one candle is tall and closes around middle and the next candle is tall and closes nearer bottom.....BUY. Again, thanks for the system.
However, instead of a system that lets me know when the Professionals are dumping what they bought, or buying to cover what they sold, I'd prefer a system that lets me know when they are buying and when they are shorting! They don't always immediately begin accumulating the instant they finish buying to cover. Nor do they always immediately begin distributing the instant they finish selling what they previously bought. No, the real accumulation and distribution may be done over time BEFORE we see the manipulation that causes the volume and PA spikes necessary for the professionals to close their positions. Get me a system that tells me when they are doing THAT!
  • #67,500
  • Feb 22, 2009 12:22am Feb 22, 2009 12:22am
Quoting NuckingFuts
Fundies are bearish for US, UK and Euro zone, they're all swimming in shit.

Question is, who's going to get out first?

Your guess is as good as mine, a coin toss may be more accurate.


uncertainity at it best well we time will tell
"Simplicity is the ultimate sophistication" leonardo da vinci
423 traders viewing now, 2 are registered:
macd12
,