EURUSD | Page 3413 | 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

  • #68,241
  • Feb 23, 2009 8:24pm Feb 23, 2009 8:24pm
Quoting traderathome
Many thanks for the links. PPZ is very well presented there.
i didnt know what the hell ppz was.. that was something i observed and figured out myself... if theres more to learn i want to know it.. in case theres something i have not noticed.. if you see something else let me know..
those who can, do. those who cant, talk about those who can
  • #68,242
  • Feb 23, 2009 8:25pm Feb 23, 2009 8:25pm
Quoting gatorinla
oh... comming around to my way of thinking? i aint so nuts anymore huh? *LMFAO*
You're still as nuts. It's me who's increasing his level of "nuttyness"
Not all sins are created equal
  • #68,243
  • Feb 23, 2009 8:26pm Feb 23, 2009 8:26pm
gotta play with the grandkid bbl
those who can, do. those who cant, talk about those who can
  • #68,244
  • Feb 23, 2009 8:31pm Feb 23, 2009 8:31pm
market is slow.. these days slow

unlike stocks, sinking like an anchor
  • #68,245
  • Feb 23, 2009 8:36pm Feb 23, 2009 8:36pm
Hi. I m back again to share a couple of note on what I m seeing in the price dynamics on my e/u technical chart. 12755 will trigger a basing/bottoming/stalling signal which means we shall start looking for pullback to enter a long trade with ISL@ 12620 and PT @12950+. Asset looks like its shaping up with a possible major bounce of up to 13550 level. Bearish continuation if level holds.

A good Sensei does not teach but he imparts what he knows and learns whilst he imparts.....
  • #68,246
  • Feb 23, 2009 8:38pm Feb 23, 2009 8:38pm
Quoting gatorinla
i do something simuliar at times.. i use lines from bigger charts on down ect..and catch the bounce... draw horizon on the cricks peeks valleys ect.. anway what smallest time frame do you find the best for this?
For me bud, it's daily and above. Suited to my preferred trading style.

Trading the lower timeframes though would mean I'd consider those too.

I'd say the timeframe you're trading and everything above. While monthly PPZ may not be a factor for a 5/15 min chart (i.e. miles away etc..), I am still aware of it all.
  • #68,247
  • Edited 10:59pm Feb 23, 2009 8:42pm | Edited 10:59pm
Crap. Internet still sketchy here. couldn't upload this chart a couple hours ago in reply to Practical Pips post on the 4hr TL bounce when price was still down there, so this is a bit after the fact... maybe.

Anyway, I'll look at it as a bounce if and when it busts the aqua line at 2720/30ish... with 2750 as the 50% fib of the HI/LO for the week so far.

As i post this now, price has just hit the 2720 level and dropped back to 2710. So here we are and watching... Still have 30% of a short running from last night from 2950... took off 70% at 2720 this morning and still looking for what was S1 at the time, call it 2620 for now.
Attached Image
FUBAR...
  • #68,248
  • Feb 23, 2009 8:43pm Feb 23, 2009 8:43pm
Quoting 99vt66
Hi. I m back again to share a couple of note on what I m seeing in the price dynamics on my e/u technical chart. 12755 will trigger a basing/bottoming/stalling signal which means we shall start looking for pullback to enter a long trade with ISL@ 12620 and PT @12950+. Asset looks like its shaping up with a possible major bounce of up to 13550 level. Bearish continuation if level holds.

A good Sensei does not teach but he imparts what he knows and learns whilst he imparts.....
If that is going to happen, it will take at least a few days to set up. We are currently and soundly entrenched in a downtrend. I would expect at least a second attempt at a bottom (= Double Bottom) before any real move to the upside. Just an opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 02.gif Size: 47 KB
  • #68,249
  • Feb 23, 2009 8:49pm Feb 23, 2009 8:49pm
Quoting traderathome
If that is going to happen, it will take at least a few days to set up. We are currently and soundly entrenched in a downtrend. I would expect at least a second attempt at a bottom (= Double Bottom) before any real move to the upside. Just an opinion.
Very good..perhaps you miss to see the word "bounce"...??
  • #68,250
  • Feb 23, 2009 8:53pm Feb 23, 2009 8:53pm
Still bearish sentiment on the ichimoku, target 1.2636 weekly S1.
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 38 KB
  • #68,251
  • Feb 23, 2009 8:54pm Feb 23, 2009 8:54pm
Quoting traderathome
If that is going to happen, it will take at least a few days to set up. We are currently and soundly entrenched in a downtrend. I would expect at least a second attempt at a bottom (= Double Bottom) before any real move to the upside. Just an opinion.
Yes sir, My opinion is closely aligned with yours.

We'll see 2400 - 2300 before we can think about longs. What I truly think will happen is we'll get down to 2150 (50% Fib on the monthly's) before we see any real move up back to our 2008 highs and above.

I am shorting every peak I see (as long as my RM will allow) and riding this thing down. On the 4H I thought we could see a pinbar if we closed above 2710 but looks like it's going to close below 2700 and then slide further.
  • #68,252
  • Feb 23, 2009 8:57pm Feb 23, 2009 8:57pm
Quoting NuckingFuts
For me bud, it's daily and above. Suited to my preferred trading style.

Trading the lower timeframes though would mean I'd consider those too.

I'd say the timeframe you're trading and everything above. While monthly PPZ may not be a factor for a 5/15 min chart (i.e. miles away etc..), I am still aware of it all.
i still look at fibs but using this i dont see a lot of need.. i do incrporate fibs for an off the wall enty with these lines.. i do about 6 pairs shot gun affect. on the bigger time frames.. going with the trend.. i call it santa trade ... i rarely get a hunk of coal as long as i give a genorous sl. but usaully dont need it.. 20% of tp is pleanty enough...set it and forget it.. less stress..i usaully hit 3 or 4 of these a week.. sometimes almost the whole basket..

btw we get r snapper here also..
those who can, do. those who cant, talk about those who can
  • #68,253
  • Feb 23, 2009 8:59pm Feb 23, 2009 8:59pm
Snapper?
  • #68,254
  • Feb 23, 2009 9:00pm Feb 23, 2009 9:00pm
4 hour just closed. I know its not a perfect hammer candle formation, but pretty darn close...
  • #68,255
  • Feb 23, 2009 9:02pm Feb 23, 2009 9:02pm
Our 4h charts look so different. I don't see any hammers anywhere :-)
  • #68,256
  • Feb 23, 2009 9:03pm Feb 23, 2009 9:03pm
off the wall santa trade gu entry 4900 sl 5015 4100/tbd
mardis grass tomorrow i will not be around as much... gotta drink some of jays rotgut..
those who can, do. those who cant, talk about those who can
  • #68,257
  • Feb 23, 2009 9:07pm Feb 23, 2009 9:07pm
Quoting 99vt66
Very good..perhaps you miss to see the word "bounce"...??
No, I did not miss the word "bounce...". Nor did I miss "...pullback to enter a long trade with ISL@ 12620..." which suggests the bounce taking place much, much higher than what would qualify for a Double Bottom.
  • #68,258
  • Feb 23, 2009 9:11pm Feb 23, 2009 9:11pm
Quoting gatorinla
i still look at fibs but using this i dont see a lot of need.. i do incrporate fibs for an off the wall enty with these lines.. i do about 6 pairs shot gun affect. on the bigger time frames.. going with the trend.. i call it santa trade ... i rarely get a hunk of coal as long as i give a genorous sl. but usaully dont need it.. 20% of tp is pleanty enough...set it and forget it.. less stress..i usaully hit 3 or 4 of these a week.. sometimes almost the whole basket..

btw we get r snapper here also..
No you're right mate, PPZ on lower TF's are like paper anyway. They get shredded very easily.

When I'm scalping, I still use the PA on lower timeframe PPZ for entires and exits/tp levels.

Snapper is a fish UWouldLose. 8-10kg average size up here on the outer reefs, great fighters too.

Time to get moving, happy pipin' all.
  • #68,259
  • Feb 23, 2009 9:13pm Feb 23, 2009 9:13pm
Quoting NuckingFuts
Snapper is a fish UWouldLose. 8-10kg average size up here on the outer reefs, great fighters too.
Snappers great fighters??? Not in our waters they're not....nice to eat though
Doing what you like is Freedom. Liking what you do is Happiness.
  • #68,260
  • Feb 23, 2009 9:15pm Feb 23, 2009 9:15pm
Quoting gatorinla
off the wall santa trade gu entry 4900 sl 5015 4100/tbd
mardis grass tomorrow i will not be around as much... gotta drink some of jays rotgut..
Hey Gator,

Something doesn't seem right with your figures there. Do you mean you're waiting until (if) it hits 1.4900?

Thanks
452 traders viewing now