EURUSD | Page 4818 | 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

  • #96,341
  • May 14, 2009 4:00pm May 14, 2009 4:00pm
Quoting ak4x
Here's the thing...

Learning and getting into a mess is one thing... that can usually be fixed.

Failure to learn = Liquidity.

Interesting. At the end of the day...IMHO...everyone has to find their own way. You could hand some people the holy grail (if it exists) and they would still find a way to screw it up.

My ambition is not to be a super trader as I don't think I could ever achieve that grade but I do believe that I will ( and most other could) continue to profit from the markets month in month out. Basically, because I don't swing for the fences, I take my losses quickly and I'm flexible; this works for me. At the same time I really don't think many multi-millionaire traders (super traders) spend time on these forums - but I might be wrong.

Trade what you see on YOUR charts, read plenty of trading books and test your ideas on a paper account before committing real funds. Feel free to post your setups and just remember that this is a virtual forum so if somebody breaks your balls then brush it off as insignificant...because that's what it is...right?
  • #96,342
  • May 14, 2009 4:01pm May 14, 2009 4:01pm
Quoting TheFisherman
One more thing. I use to take a look on all T
Take a good look on the daily chart... Do you see an M? Would be hillarious if tomorrow EU dunks What would the M stand for? Maybe it's the M from econoMy...
LOL

This rhymes:

M and W are favoured by EU

On a serious note, I find it very strange that EU trades at 1.36 and Cable at 1.50 in the middle of the recession. Are the big boys under pressure to churn out a quick profit or else (be nationalised)?...Why is EUR supported so much from going down the drain? What are the economic reasons for this?
  • #96,343
  • May 14, 2009 4:08pm May 14, 2009 4:08pm
I will be waiting for topping/rev signal to showhand b4 shorting this pair and closing my m/t longtrade with a ISL @13727 and tp@13480 . PA suggests top@13722 is already in place unless 13756 is being taken out which is unlikely by looking at the current mom. But one cannot be too sure in forex.

I think we may have to wait out another 6-10hrs b4 short trade can be played out and I will post again if any significant PA develop.

In the meantime, happy pipping to all....
  • #96,344
  • May 14, 2009 4:08pm May 14, 2009 4:08pm
Quoting cammomile
LOL

This rhymes:

M and W are the favoured EU

On a serious note, I find it very strange that EU trades at 1.36 and Cable at 1.50 in the middle of the recession. Are the big boys under pressure to churn out a quick profit or else (be nationalised)?...Why is EUR supported so much from going down the drain? What are the economic reasons for this?
My (limited) understanding of this is that sales at US retailers slipped 0.4 percent last month, which must have dimmed optimism about hopes for a rapid recovery in the US economy. Perhaps that's at least part of the reason
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,345
  • May 14, 2009 4:14pm May 14, 2009 4:14pm
Quoting cammomile
LOL

This rhymes:

M and W are the favoured EU

On a serious note, I find it very strange that EU trades at 1.36 and Cable at 1.50 in the middle of the recession. Are the big boys under pressure to churn out a quick profit or else (be nationalised)?...Why is EUR supported so much from going down the drain? What are the economic reasons for this?

Maybe because the Fed' has been abusing their ability to print money to the detriment of other international stakeholders. Maybe this has led to a situation of other large central banks increasing their holding of the EURUSD relative to the dollar due to the erosion of the Fed's credibilty. Perhaps the EURUSD is in the transitional stages of being the international reserve currency; something that the US dollar has been for 60 years (I think). Maybe because the European Central Bank is held more to account by it's members states leads to a situation where it is seen as vastly more credible than the Fed. Maybe...
  • #96,346
  • May 14, 2009 4:15pm May 14, 2009 4:15pm
Quoting notch
Interesting...

My ambition is not to be a super trader... but I do believe that I will ( and most other could) continue to profit from the markets month in month out...

Basically, because I don't swing for the fences, I take my losses quickly and I'm flexible; this works for me.
Excellent points, and your "month to month" thing could very well qualify as a "super something"... I wouldn't be too quick to downplay that...
FUBAR...
  • #96,347
  • May 14, 2009 4:21pm May 14, 2009 4:21pm
Quoting nvcK
I know this is a bit off topic but do you guys know of a _respectable_ broker with web-based interface? I recently got the googlePhone with unlimited online connectivity, but Metatrader4 or the usual Java based platforms from FXCM and Oanda do not work on it yet.
Try Saxo BANK
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #96,348
  • May 14, 2009 4:24pm May 14, 2009 4:24pm
Quoting 99vt66
I think we may have to wait out another 6-10hrs b4 short trade can be played out and I will post again if any significant PA develop...
I agree. So far this has gone just about as I suspected... and I still feel it'll be next week before we see confirmation. The Big Dogs hang that fat juicy shampoo out there and sweeten the pot right up to the Friday close and keep everybody on edge regarding timing of entries and so on... Everybody gets one session left to play with.

Even a dump before the weekly close opens up a "what if" it's a fakeout and it gaps back up on the Open. Aaaarrrrggghhh!!!


If I was one, that's what I'd do.
Attached Image
FUBAR...
  • #96,349
  • May 14, 2009 4:31pm May 14, 2009 4:31pm
I may have drawn this wrong, and this is only 1 of many charts that I study, but, just looking at this one, it doesn't seem out of this world to expect this to go north of 1.3700 does it?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 15.png Size: 32 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,350
  • May 14, 2009 4:36pm May 14, 2009 4:36pm
My notes tell me 1.40
Si vis pacem, para bellum.
  • #96,351
  • May 14, 2009 4:39pm May 14, 2009 4:39pm
Quoting WedWed
i am short @ 3662

SL to BE and TP (...) iam out now hope every body get green pips

i put my TP1 1.3540
Never sell @ lower upward channel unless breacked and vise versa .
  • #96,352
  • May 14, 2009 4:45pm May 14, 2009 4:45pm
Quoting ak4x
Fibs constantly astonish me...

I just came across one on my 4hr MT4 chart that I don't use much. The current high topped out 7 pips above an old swing fib I had on the chart from mid april... I love these things.

Also on this chart I want to point two things out I noticed..

Look at the white and red color circles, those are previous shampoos that didn't really work out very well as they got invalidated.

Even on a 4h TF, [b]there were several attempts over time that built the shoulders up, so an imminent collapse is not necessarily in the...
good job! great minds think alike
http://www.forexfactory.com/showpost...ostcount=96265
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #96,353
  • May 14, 2009 4:47pm May 14, 2009 4:47pm
Of course that open shorts below safe areas can be very nasty.

I have told to set a Low TF symmetric channel and I did, my ultimate line was at 1.3662, I have opened some pips below at 1.3654 my last short, now if this line broke I will get out of most of my shorts.

The hard it is to find the line angle and I have some rules about that, but I will not share that, sorry.

Image is M15 chart and see that channel, I see now a bottom touched at one line I have, and then we will see if symmetric line will hold or not.
Attached Image (click to enlarge)
Click to Enlarge Name: m1514052009.gif Size: 11 KB
  • #96,354
  • May 14, 2009 4:51pm May 14, 2009 4:51pm
Quoting notch
Maybe because the Fed' has been abusing their ability to print money to the detriment of other international stakeholders. Maybe this has led to a situation of other large central banks increasing their holding of the EURUSD relative to the dollar due to the erosion of the Fed's credibilty. Perhaps the EURUSD is in the transitional stages of being the international reserve currency; something that the US dollar has been for 60 years (I think). Maybe because the European Central Bank is held more to account by it's members states leads to a situation...
May be all of these and more... Possibly, the bottom line somewhere in the region of 2330 will hold for the next 10-15 years or even longer. I have a feeling that the happy trending days for EU are over and, we are looking at a lot more volatility from the beginning of this year until at least the end of the current recession.

If i was a historian of economics i would place that monthly TF right on the first page of my book and work backwards. LOL

http://www.ft.com/cms/s/0/4321b37e-3...44feabdc0.html

This is a very good article.
  • #96,355
  • May 14, 2009 4:56pm May 14, 2009 4:56pm
who remembers that 1.3400 ticks at the beginning of the Sunday... when as always the discussion is about the gap? Well... I see 1.3400 as the target of that shampoo ...
  • #96,356
  • May 14, 2009 5:14pm May 14, 2009 5:14pm
holla!

we all may be going bankrupt in a few months

1) biden has been heard saying "free education" for all

2) pelosy says free health for all

so should we all stock up on euros now
Its all in the mind.
  • #96,357
  • May 14, 2009 5:27pm May 14, 2009 5:27pm
This is where we are on the daily chart and the reason why the area is critical. With all the news out this week, look where we are and the tight range where most of the trading took place. Where we close today will show the way. Long term traders are probably watching these levels very concerned.
Note: we are approaching a pivot which is still in play. Multimillion traders trade off these levels
Good nite see you manana
Attached Image
  • #96,358
  • May 14, 2009 5:29pm May 14, 2009 5:29pm
Pivots for today from 5pm est
Attached Image
FUBAR...
  • #96,359
  • May 14, 2009 5:29pm May 14, 2009 5:29pm
Quoting 5abi
holla!

we all may be going bankrupt in a few months

1) biden has been heard saying "free education" for all

2) pelosy says free health for all

so should we all stock up on euros now
free health... ive been paying for it for 27 years. in that 27 years i have not seen anyone with or without it turned down at hospital.. the way i figure it is im already paying for everyone. more then likely you are also. just nobody told you.
those who can, do. those who cant, talk about those who can
  • #96,360
  • May 14, 2009 5:33pm May 14, 2009 5:33pm
Quoting gatorinla
free health... ive been paying for it for 27 years. in that 27 years i have not seen anyone with or without it turned down at hospital.. the way i figure it is im already paying for everyone. more then likely you are also. just nobody told you.
I take it, you don't live in the US.
418 traders viewing now