EURUSD | Page 4295 | 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

  • #85,881
  • Apr 15, 2009 7:44am Apr 15, 2009 7:44am
bottom 5min candle for the day
Attached Image
  • #85,882
  • Apr 15, 2009 7:45am Apr 15, 2009 7:45am
Quoting Turveyd
Likewise, break through my lines and head up or reverse off them, find out soon.
Dollar-Swiss has continued to rise during the day and now trades above 1.1450. As such there are good chances of a further rise towards 1.1526 (projected Max High for the Day), which may later extend towards 1.1580.

It is imporant to remember that the 200-day MA (1.1294 currently) has been providing good Support over the last month or so. If this Support continues to hold over the coming days, and the market manages to rise past 1.1580, then stronger gains towards 1.19 might unfold.
Don't chase the market, Let the market come to you
  • #85,883
  • Apr 15, 2009 7:48am Apr 15, 2009 7:48am
Quoting F.x.
I already have my own expectations, I'm asking if you think the trend is up or down?

I'll give you the answer... it's both. It depends which trend you're looking at, as there are always up and down trends at play.

Incidentally, a consequence of this is that while you are saying that someone is "chasing the market", they could quite possibly just be playing the trend that you are not playing. In which case they are not "chasing the market" but in fact following it, and you would be the one chasing the market.

So you see, this is why it...
Many way of looking at the trend, I base mine on different SMA's based on real world time basically, 20mins, 1hour, 2hour 4 hour, 12hour.

Currently Euro and EJ and GU or sitting right under the 1hour, odds are they'll move lower, but not always a break should run to the 2hour which is 30-40pips up COME ON!!

Due to recent ERRORS, I've changed my FXCM platform to a Double Click to get in and out main reason being it auto puts in a 20SL, got to learn to take my lumps and keep them small.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #85,884
  • Apr 15, 2009 7:52am Apr 15, 2009 7:52am
Quoting Tmac
Dollar-Swiss has continued to rise during the day and now trades above 1.1450. As such there are good chances of a further rise towards 1.1526 (projected Max High for the Day), which may later extend towards 1.1580.

It is imporant to remember that the 200-day MA (1.1294 currently) has been providing good Support over the last month or so. If this Support continues to hold over the coming days, and the market manages to rise past 1.1580, then stronger gains towards 1.19 might unfold.

It's just popping it's head over my M1 60sma here, buyers are obviously scared to take a position after that sell off, abit of confidence and 1.3230 should be a easy peasy target!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #85,885
  • Apr 15, 2009 7:52am Apr 15, 2009 7:52am
EU is in a Flag type formation in the 4H Charts. It's recent action also creates a Triangle formation as marked on the chart. In case of a downward breakout we can expect the Price to move to 1.2600 levels.
However I would prefer the pair to break above the upper trendline of the Flag pattern which could yield very good returns.
Attached Image (click to enlarge)
Click to Enlarge Name: eu150409.gif Size: 14 KB
  • #85,886
  • Apr 15, 2009 7:54am Apr 15, 2009 7:54am
Dears

To all whom asking down or up....It is a Monthly down trend,,,,cleared,,,and to change this view we have to close above 1.47 Area,,,ok

Now on Daily basis,,we have the 1.3090 area,,which is the major support now,,I believe it will be broken tommrow,,,and we will visit next target ( 1.2750 )

For long forcasting I see Euro Monthly on 1.17XX area,,,,may be on September or October

This is just me
  • #85,887
  • Apr 15, 2009 7:54am Apr 15, 2009 7:54am
Quoting F.x.
I already have my own expectations, I'm asking if you think the trend is up or down?

I'll give you the answer... it's both. It depends which trend you're looking at, as there are always up and down trends at play.

Incidentally, a consequence of this is that while you are saying that someone is "chasing the market", they could quite possibly just be playing the trend that you are not playing. In which case they are not "chasing the market" but in fact following it, and you would be the one chasing the market.

So you see, this is why it...
you may trade at 50/50 but those odds are way to small for me and if I had that attitude then I would get a day job and stop trading all together.

I dont chase the market and my % sits above 83% avarage over the last 6 yrs live so you continue to believe all that nonesense you posted. this is my living not my hobby and I too once thought just like you to justify my trading the wrong direction and having no idea where it was really going and "averaging" in as you call it.

the market tells you its direction and yes if you have to average in then you are chasing the market, it really is simple as that.

forex is all about MM

its all in the charts and candles DO light the way
Don't chase the market, Let the market come to you
  • #85,888
  • Apr 15, 2009 7:54am Apr 15, 2009 7:54am
Quoting Tmac


damn man stop the begging and learn to read CHARTS and candlesticks

the all in long was not meant to be a trade to take, it was meant to be sarcastic for this person that begs all the time
Don't want to be an a-hole, but it's a complete waste of time. Not only is the same asking over and over again but it's also complete lack of response to any suggestions about learning by himself, it's like talking to a cactus.
  • #85,889
  • Apr 15, 2009 7:59am Apr 15, 2009 7:59am
Quoting Tenshi28
Don't want to be an a-hole, but it's a complete waste of time. Not only is the same asking over and over again but it's also complete lack of response to any suggestions about learning by himself, it's like talking to a cactus.

Thats humans for you, and once they've got a belief of how the market works and how they should trade, even if that belief is costing them money time and time again the odd time they get lucky and make a little is enough to justify that belief and you'll never learn anything.

Keep a open mind, be prepared to learn and if your not earning and not learning then it's time to find another hobby!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #85,890
  • Apr 15, 2009 8:00am Apr 15, 2009 8:00am
Quoting Tenshi28
Don't want to be an a-hole, but it's a complete waste of time. Not only is the same asking over and over again but it's also complete lack of response to any suggestions about learning by himself, it's like talking to a cactus.
well at least he now has some tools to use if he will look and learn them
Don't chase the market, Let the market come to you
  • #85,891
  • Apr 15, 2009 8:01am Apr 15, 2009 8:01am
some profit locked nap time
those who can, do. those who cant, talk about those who can
  • #85,892
  • Apr 15, 2009 8:07am Apr 15, 2009 8:07am
Quoting Tmac
you may trade at 50/50 but those odds are way to small for me and if I had that attitude then I would get a day job and stop trading all together.

I dont chase the market and my % sits above 83% avarage over the last 6 yrs live so you continue to believe all that nonesense you posted. this is my living not my hobby and I too once thought just like you to justify my trading the wrong direction and having no idea where it was really going and "averaging" in as you call it.

the market tells you its direction and yes if you have to average in...
I'm sorry but if you think you can call the direction of the price and have it be anything other than a 50/50 chance of being right then you have some learning to do. That is just a natural fact, at any given time the price will either go up or down, and the odds are ALWAYS 50/50 of which way it will go, there's nothing mystical about that.

Your results are great and I'm happy for you. I have my own results which I may post at a later time but I can assure you they are nothing to scoff at. And I also do this fulltime as my only source of income.

I can assure you that while you can gather some of my trading methods by my posts, those methods only apply to certain times and don't represent my overall trading plan but just a fraction of it as it applies to specific market conditions. I think anyone would be crazy to trade one method/system or style at all times.

So we are in agreement that forex is all about MM. Great. It's so true, any time someone loses money you can ALWAYS show them how it really didn't matter whether they went long or short, or where their SL was set, it only matters the position size. That's also why I think it's nonsense to bicker about going long or short, anyone that does that is leaving the most important thing out of the equation.

I'll have to disagree about candles though.. they determine what most people will do... and when MOST people do something it can certainly drive a market to follow the mentality created by the candles. But in the end candles ALWAYS tell you what happened in the past, as do all indicators, so there's ALWAYS the chance that something will happen in the future that is opposite of what those candles told you SHOULD happen. Then you have to go back and say "ok yea, well, now because that happened we have this new pattern so that is why it happened..." No, it didn't happen because of the pattern, the pattern was created because of what happened. That's completely different.

So again, MM is what makes money. And making money is all that's important. And I don't ever believe when someone says "see I was right and you were wrong." That person was simply made right because of what happened, by simple luck, they won the 50/50 bet, it wasn't because of anything they did.
  • #85,893
  • Apr 15, 2009 8:07am Apr 15, 2009 8:07am
It's dead in the water and slightly turning back down again, Zero Strength / Buyers out there.


Careful fellow longs
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #85,894
  • Apr 15, 2009 8:07am Apr 15, 2009 8:07am
Quoting Tmac
well at least he now has some tools to use if he will look and learn them
You clearly are the better person.
  • #85,895
  • Apr 15, 2009 8:12am Apr 15, 2009 8:12am
Quoting F.x.
I'm sorry but if you think you can call the direction of the price and have it be anything other than a 50/50 chance of being right then you have some learning to do. That is just a natural fact, at any given time the price will either go up or down, and the odds are ALWAYS 50/50 of which way it will go, there's nothing mystical about that.

This thankfully is wrong, or we'd all be chasing our tales and going no where, well slightly down due to the spread.

The market has momentum, people selling will create more people selling until something changes.

Just pull up a Euro M1 chart, slap a 20SMA on it, real basic thats all you need to see the current direction you coulda gotten all of that down side, with the nuts to jump in to a existing trend without worrying about it reversing on you ( This is what I'm building upto )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #85,896
  • Apr 15, 2009 8:16am Apr 15, 2009 8:16am
Quoting Turveyd
This thankfully is wrong, or we'd all be chasing our tales and going no where, well slightly down due to the spread.

The market has momentum, people selling will create more people selling until something changes.

Just pull up a Euro M1 chart, slap a 20SMA on it, real basic thats all you need to see the current direction you coulda gotten all of that down side, with the nuts to jump in to a existing trend without worrying about it reversing on you ( This is what I'm building upto )
The fact that price will either go up or down and there is a 50/50 chance of that happening at any given time - that is purely a factual/mathematical statement and is not arguable.

You are adding in that you can increase your chances of being right more than being wrong which I agree is quite possible and yes you are also right that you can use certain things to create that edge. And here you have what trading is all about.
  • #85,897
  • Apr 15, 2009 8:22am Apr 15, 2009 8:22am
Quoting F.x.
The fact that price will either go up or down and there is a 50/50 chance of that happening at any given time - that is purely a factual/mathematical statement and is not arguable.

You are adding in that you can increase your chances of being right more than being wrong which I agree is quite possible and yes you are also right that you can use certain things to create that edge. And here you have what trading is all about.
Thats only if you pick a random point to enter without consulting the chart.

I've got a 90% win rate on my account this year, that simply would not be possibly without directions having momentum, without averaging down errrmmm too often

But I have a issue with losses becoming HUGE Losses and even with a 90% win rate I'm not making much money currently, which sadly is a works in progress.

Trades based on HOPE = LOSSES!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #85,898
  • Apr 15, 2009 8:25am Apr 15, 2009 8:25am
Well Turveyd When you find out how to stop the big loss....let me know...I have the same problem you have! I am in the eur/usd now at 1.3350 area long...trying to buy dips and sell out when it starts back down to make the loss less painfull!!!!
  • #85,899
  • Apr 15, 2009 8:26am Apr 15, 2009 8:26am
5mins to US Opening, place your bets people place your bets!!!

Maybe Just Maybe we'll see some action.


The direction is DOWN currently
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #85,900
  • Apr 15, 2009 8:28am Apr 15, 2009 8:28am
Quoting acumen
I hate to say things like...

I told you so...

After reading this thread again this morning it bewilders me the lack of knowledge many of you have before putting good money to work.

m
Ouch! Double ouch!!
1,212 traders viewing now