EURUSD | Page 3567 | 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

  • #71,321
  • Mar 4, 2009 8:44pm Mar 4, 2009 8:44pm
Quoting Doniboy
Acumen, How many time frames do you consult during the day? what time frame do you look at most often?

P.S did you used to post on Allstocks.com ?
Question 1: Daily Pivots on a 15 MIN Chart (Screen 1)
Question 2: 1 min chart (Screen 2)
Question 3: Nope. Never heard of that site. This is the only site where I post.

Mike
  • #71,322
  • Mar 4, 2009 8:45pm Mar 4, 2009 8:45pm
acumen, I see that you scale into your positions. Do you have a specific approach to that in terms of units/lots?

Do you decrease or increase your lot size as the position goes "against" you?

I use a very similar approach and I thought that I could learn something from you.
  • #71,323
  • Mar 4, 2009 8:57pm Mar 4, 2009 8:57pm
Anyone see the Inverse H and S pattern on the 30 min
  • #71,324
  • Mar 4, 2009 8:57pm Mar 4, 2009 8:57pm
Quoting Passholder

Is everyhing back to normal now?

Is 1.2600 going to cause any troubles or will I wake up and se it at 1.2550 where it should be in the first place.
There was bearish divergence on the 1H around the 1.2650 level which is the main reason for my entry. We are at the top of a bearish channel and the asians love to sell the $.


It's a little late to get in at any direction at the moment, but if you are sold already I'd hold on to it and watch PA as the chances of it getting to the 1.2550 are better IMO then going the other direction.

Hope this helps
  • #71,325
  • Mar 4, 2009 9:01pm Mar 4, 2009 9:01pm
Quoting Tonest3r
Anyone see the Inverse H and S pattern on the 30 min
nope

share a chart
Don't chase the market, Let the market come to you
  • #71,326
  • Mar 4, 2009 9:07pm Mar 4, 2009 9:07pm
Quoting Byrd
There was bearish divergence on the 1H around the 1.2650 level which is the main reason for my entry. We are at the top of a bearish channel and the asians love to sell the $.


It's a little late to get in at any direction at the moment, but if you are sold already I'd hold on to it and watch PA as the chances of it getting to the 1.2550 are better IMO then going the other direction.

Hope this helps
You wrote the asians love to sell the $$ do you mean they love to sell the E/$ ??
+ Charts Happen
  • #71,327
  • Mar 4, 2009 9:12pm Mar 4, 2009 9:12pm
Quoting Passholder
You wrote the asians love to sell the $$ do you mean they love to sell the E/$ ??
In my opinion, yes. They did buy at the beginning of last week to hit the 1.2990 with a sharp sell off after that but I've been noticing the majority of Asian sessions have been sell offs.

Don't hold me to it but I think this was a dead cat rally (with the DOW losing 100 points in last 30 min is more confirmation). Tomorrow will be the teller but I'm still bearish biased.
  • #71,328
  • Mar 4, 2009 9:16pm Mar 4, 2009 9:16pm
Quoting Tonest3r
Anyone see the Inverse H and S pattern on the 30 min
Not really
New voice message: Why are you calling me? If I need you, I'll call you!
  • #71,329
  • Mar 4, 2009 9:17pm Mar 4, 2009 9:17pm
Quoting Byrd
We are at the top of a bearish channel and the asians love to sell the $.

From what I've observed since i started trading the asians dont love to either buy or sell the dollar on any particular day. What I have noticed instead is if we have a bull day...the asian will bring a relative small bear run...if we had a bear run..they will bring a relative small bull run. Consolidations in the pre us session close determined ranging areas. Just my 2cents...acumen did a study on this last year if hes willing to talk....he saw pretty much the same thing
Different opinions highly valued, ignorant to slander.
  • #71,330
  • Mar 4, 2009 9:23pm Mar 4, 2009 9:23pm
Quoting psiholog
From what I've observed since i started trading the asians dont love to either buy or sell the dollar on any particular day. What I have noticed instead is if we have a bull day...the asian will bring a relative small bear run...if we had a bear run..they will bring a relative small bull run. Consolidations in the pre us session close determined ranging areas. Just my 2cents...acumen did a study on this last year if hes willing to talk....he saw pretty much the same thing
I really appreciate the insight and thanks for the graphs throughout the day. I'm relatively new, and learning everyday.
  • #71,331
  • Mar 4, 2009 9:24pm Mar 4, 2009 9:24pm
Quoting psiholog
From what I've observed since i started trading the asians dont love to either buy or sell the dollar on any particular day. What I have noticed instead is if we have a bull day...the asian will bring a relative small bear run...if we had a bear run..they will bring a relative small bull run. Consolidations in the pre us session close determined ranging areas. Just my 2cents...acumen did a study on this last year if hes willing to talk....he saw pretty much the same thing
Its exactly my perception as well!
I've actually posted something like this a while back, and it never failed to amaze me how there's something else we're missing that those economists/traders know . It seems their driving price in the oposite direction just to have a better position for the real trend.
Nice observation.
KT
  • #71,332
  • Mar 4, 2009 9:25pm Mar 4, 2009 9:25pm
Quoting psiholog
From what I've observed since i started trading the asians dont love to either buy or sell the dollar on any particular day. What I have noticed instead is if we have a bull day...the asian will bring a relative small bear run...if we had a bear run..they will bring a relative small bull run. Consolidations in the pre us session close determined ranging areas. Just my 2cents...acumen did a study on this last year if hes willing to talk....he saw pretty much the same thing
so you say down according to your words
ROBOT FOREX
  • #71,333
  • Mar 4, 2009 9:30pm Mar 4, 2009 9:30pm
Quoting Forbes55
so you say down according to your words
for today until euro/london session the range was determined to be in between 1.2665 (the high) and 1.2565. To be more technically correct though 1.2625 is the much stronger resistance historically (past month and a half or so) so the range as i have posted quite bit is really 1.2625-1.2565. I would be surprised if we break this range any time soon. Now there are exceptions of course like yesterday when right after us session close we dropped a whopping 120 pips or so (uncommon for that time of day) but in general...the last hour of the us stock market will determine what the range will be until euro session. Alot of my trades are based on this....consolidation areas..given the range is over 50pips
Different opinions highly valued, ignorant to slander.
  • #71,334
  • Mar 4, 2009 9:34pm Mar 4, 2009 9:34pm
Quoting marcopq
Sorry the language
No problemo. Ignore list solves that.
  • #71,335
  • Mar 4, 2009 9:41pm Mar 4, 2009 9:41pm
Quoting psiholog
for today until euro/london session the range was determined to be in between 1.2665 (the high) and 1.2565. To be more technically correct though 1.2625 is the much stronger resistance historically (past month and a half or so) so the range as i have posted quite bit is really 1.2625-1.2565. I would be surprised if we break this range any time soon. Now there are exceptions of course like yesterday when right after us session close we dropped a whopping 120 pips or so (uncommon for that time of day) but in general...the last hour of the us stock...
I dont trade off 5 minute charts nor do I put much weight in 5 min fibo lines however. Just for observation purposes. Drawing these lines based on the 1.2662 high to the recent asian session low of 1.2586 brings the 38.2 line in at 1.2616 which is right where this little rebound stopped.

I would love to see that 1.2616 hold with a continued move down. Would validate a return to lower prices IMO
Attached Image (click to enlarge)
Click to Enlarge Name: 5 min euro 030409 night.jpg Size: 192 KB
+ Charts Happen
  • #71,336
  • Mar 4, 2009 9:59pm Mar 4, 2009 9:59pm
I have to go to bed soon and would really love to see it trade below 1.2586, could someone get on that for me ?
+ Charts Happen
  • #71,337
  • Mar 4, 2009 10:09pm Mar 4, 2009 10:09pm
Quoting SunTrader
No problemo. Ignore list solves that.
good idea did the same
Trade on your own risk Plan your trade&trade your plan dont be a
  • #71,338
  • Mar 4, 2009 10:38pm Mar 4, 2009 10:38pm
hmmm future u.s. equitys in all 3 lower..... but europes markets all green acording to bloomberg..
those who can, do. those who cant, talk about those who can
  • #71,339
  • Mar 4, 2009 10:42pm Mar 4, 2009 10:42pm
I see a H&S pattern with the neckline @ daily pivot.. clearly visible on a 15min chart.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #71,340
  • Mar 4, 2009 10:50pm Mar 4, 2009 10:50pm
Quoting vulture
I see a H&S pattern with the neckline @ daily pivot.. clearly visible on a 15min chart.
Once it comes back down to the neckline, maybe.
2,151 traders viewing now, 3 are registered:
Joshuamaulid
,
DastanMagomi
,
Bentot