Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

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

  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
very very cool animation explaining the things....
http://vimeo.com/3261363
Quoting F.x.
Anybody keeping positions open over the weekend? I've got a short and a long in play. The short is twice the size of the long since I think we still have some dipping to do even if we start moving north at some point in the near future.
I took a short position about an hour before market closed on Friday ... but decided to close it out and pocket the profit. I wasn't confident in leaving that position open over the weekend. I sort of have a feeling, price will turn upwards come Sunday.
Playing the Gap is for the Strong of heart.
Before the event I forsee...

Open @ 1.2677
Close {on the Hourley}
1.2693.

I've never seen the Bears so Mad...
If they keep this up, they are about to Lose it...
I think USDJPY will have a say next week. If it goes the way it is supposed to (down from 50% retrace), EUR could start ignoring the US stock markets.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 13 KB
Quoting nvcK
I think USDJPY will have a say next week. If it goes the way it is supposed to (down from 50% retrace), EUR could start ignoring the US stock markets.
The question(s) in my mind is why is it supposed to go down after hitting a 50% retracement and even if it does why should USDJPY materially effect EURUSD.
Not usual to be here at Saturdays, but here I am to play some words.

In private I said to one Trader that we would see Month close around 1.2672 and it was what happened.

It will be a very interesting week the next one and all this Month!

I have done my forecasts in January, did not do that publicly, but I have some charts studies and I have marked March as a Month that something relevant could happen about pointing a important direction for Euro and USD.

Reading all about actual moment we are living with all this Finance Turmoil, USD is fluently mentioned to be a safe currency and I agree with that, and we start to see some important investors seeing a USD Bottom around actual levels and most agree too that a bottom is near, here is where I have some caution about all these opinions.

So if something relevant could happen this month, only means one thing, we will not see a range this month, like November or this last one and if we will not see a range this month what can we get so.

For Bears this means only one thing 1.1200 and below, for all bulls out there means 1.4000 and above. If this will happen in only one Month or several, Hard answer!

The most important decision that a Medium or Long Term Trader must do now and I say now it is to chose a direction and start to build their position inside MM rules, set for Bears a top and for Bulls a Bottom with a high probability range of pips, this is the most difficult job for a Long Term Trader, and in those times almost suicidal!

I know that almos of traders in this Forum to have a position with a 600 pips SL it is insane, I have done that few times, not always worked, last December!

The last Months were a very volatile ones, will we see the continuation of it or a resuming of what EurUsd was custom to do in last years.

Could we get a mirror talking about volatility of what 1991/1993 was? For 2009/2011!!

Something to digest!!

I have already done all my choices, but will not public them, call me Chicken, but my forecasts for long term in this Forum are over!!

Continuation of good weekend to all!!
Quoting Jhig
I took a short position about an hour before market closed on Friday ... but decided to close it out and pocket the profit. I wasn't confident in leaving that position open over the weekend. I sort of have a feeling, price will turn upwards come Sunday.
Please, if you have a "feeling indicator", could you share this with us?
Thanks in advance.
I also have a "feeling" were it is going, but I'm not going to post that, because "feelings" most of the time are plain wrong. That's why the majority of people trading forex lose money.
In my opinion "feelings" are the worst indicator that you can ever implement, its almost a guarantee that you will lose money.
That's also the reason that I don't have trades outstanding over the weekend anymore. It's just to risky unless you wanna ride out whatever loss you can get.

Try to leave the "feelings" outside your trading and trade what you see on the charts, not what you see in your mind, because your mind is most probably wrong.
When I finally accepted these facts (that took a long time), I started to make profits on a consistent basis.
Believe me, I have fought against the trend (BECAUSE OF MY "FEELINGS") and it took me more than 2 years to learn that there is no way you can win. Adjust to the market and gains will come your way.

Most important: ANALYSIS, PATIENCE, MONEY MANAGEMENT AND MORE PATIENCE, THEN COMMON SENSE AND MORE PATIENCE.

THAT'S THE HOLY GRAIL, BUT IT'S HARD WORK.
Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
Quoting BoredToLoose
Not usual to be here at Saturdays, but here I am to play some words.

In private I said to one Trader that we would see Month close around 1.2672 and it was what happened.

It will be a very interesting week the next one and all this Month!

I have done my forecasts in January, did not do that publicly, but I have some charts studies and I have marked March as a Month that something relevant could happen about pointing a important direction for Euro and USD.

Reading all about actual moment we are living with all this Finance Turmoil, USD is fluently...
Parity by the end of this year... sooner I'm guessing.

Mike
Quoting acumen
Parity by the end of this year... sooner I'm guessing.

Mike

based on ?

No disrespect at all sir... I am just to skeptical towards such naked statements. Thank you in advance
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
Quoting acumen
Parity by the end of this year... sooner I'm guessing.

Mike
Not this Year!!

You must be patient!!
I know you are looking for 1.80 aren't you?
Quoting acumen
Parity by the end of this year... sooner I'm guessing.

Mike
Parity?
Lol, based on what? US has to print a few Trillion dollars in the next 2 years because there is no way China is going to absorb all the Treasury bonds that will be issued, and who else is going to finance the US?
Of course, a little bit here and there but the majority of the money just has to be "created".
And believe me, I sure hope Obama will reach his goals but a devaluation of the dollar seems very likely.

BUT AGAIN, I TRY NOT TO PUT MY FEELINGS INTO TRADING, I'LL JUST TRY TO READ THE CHARTS TOMORROW AND MAKE DECISIONS BASED ON THAT.

SHAMU
New voice message: Why are you calling me? If I need you, I'll call you!
For now the trend is down, but for how long?
My "feelings" tell me that we will see a triple top @ 1.6035 some time this year. I have no clue when that is going to happen but it will happen some time this year, and it might break through to where? 1.80? 1.90? Time will tell.

But of course, "feelings" are always wrong.

In the meantime, I just play what I see on the charts. Up or down, doesn't matter.

Shamu.
New voice message: Why are you calling me? If I need you, I'll call you!
Quoting KillerWhale
Please, if you have a "feeling indicator", could you share this with us?
Thanks in advance.
I also have a "feeling" were it is going, but I'm not going to post that, because "feelings" most of the time are plain wrong. That's why the majority of people trading forex lose money.
In my opinion "feelings" are the worst indicator that you can ever implement, its almost a guarantee that you will lose money.
[color=navy]That's also the reason that I don't have...
This post and Bored To Loose #69995.

I will put my head on the BLOCK, & say that charts point to a further short, more than likely from where price was at the end of Friday (1.2685).

Trade What You See & Not What You Feel.

Good Trading.
Good Trading. (keep it simple).
I think everyone uses their own feeling indicator. That's why you trade what you do even if you say it is based on other things. If your "other things" really worked then they would be for sale and we would all be rich. Nobody knows where the market is going...feelings or anything else won't tell you.

About the feeling of parity by the end of the year. I think (another indicator that not all have) it will happen based on economic events but I would not put a time limit on it. Over the course of recession history in the US, when there was economic problems, the Euro got weaker and the Dollar stronger. Just a matter of fact with no feelings involved. Will it happen again? Only time will tell.

I don't care where the market goes as long as I am going in the same direction.
Quoting dysan4x
I think everyone uses their own feeling indicator. That's why you trade what you do even if you say it is based on other things. If your "other things" really worked then they would be for sale and we would all be rich. Nobody knows where the market is going...feelings or anything else won't tell you.

About the feeling of parity by the end of the year. I think (another indicator that not all have) it will happen based on economic events but I would not put a time limit on it. Over the course of recession history in the US, when there was economic...

Your last sentence: "I don't care where the market goes as long as I am going in the same direction".

I TOTALLY AGREE



But there is a difference this time. We all know that usually when the US stock market goes down, the dollar goes up. And when the US stock market goes up, the dollar goes down.
This time there is a difference. The stock market will most likely go down more, but if there is severe dollar printing going on because US cannot sell enough bonds, a whole different scenario is coming into place.
Stock market will go down a little more, and dollar will also go down.

But I'm not an expert.

So, just trading what I see tomorrow.

I really hope we'll be soon on the way to recovery.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
Quoting KillerWhale
Your last sentence: "I don't care where the market goes as long as I am going in the same direction".
Thats the exact quote I trade by! I opened and closed out my position Friday afternoon because "I feel" I will not be on the right side by Sunday. Looking a head, towards next week, I decided to protect my equity for the unknown. Many traders, including myself, can "guage" the market Friday afternoon and place a solid bet for weekend trading by leting a position "run" til Sunday. Looking through my analytics, I personally didn't feel I would be on the right side of the trade ... so I decided to protect myself, close any/all positions Friday. I'll look at where/and what the market is up to on Sunday and go from there.
wov, guy

Too many indicators

{Promotion Removed}
I'm speechless
Traders are smartasses
Hey guys, back from vacation. Só i want to get a real account now, and i'd really like some advice on what dealers i should look for, US or UK, what are the best dealers. Any way, i would really appreciate it and thanks very much in advance. =)
"Forex = Money Tree"
52 traders viewing now