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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
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EURUSD

Quoting Chicky
Drizzt, my friend.

I am no expert in making profits, however, posses much experience how to incurr loss. That experience helped me overcome this issue. I am now overall consistently profitable for last several months. These are my suggestions based on my experience:

1. Never ever ( I repeat, never ever) try to recover your losses. Start from your current account balance.
2. The only way to learn this game is to be in this game. You do not want to multiply your account balance. You want to make consistent profits regardless of its amount. Therefore...

Excellent post, Chicky!
There's a perfect pennant forming on all timeframes from 1m - 1h.

Just nudging the upper line...
Quoting jhig
i only trade when volume is up.
As soon as the volume is up, i usually place a trade in the direction of the trend. Just as it happens, i've been able to get in on those huge jumps in price just before they occur ... Using volume as a entry indicator.

which volume inicator?
Quoting 4xRaider
There's a perfect pennant forming on all timeframes from 1m - 1h.

Just nudging the upper line...

Sorry for the quantity of post but can you paste a few charts?
Quoting notch
which volume inicator?
My system is the: ADX Volume System
It uses: SMA(21) & ADX Indicator

(Im typing this on my phone so I won't be able to post screen shots and give detail explainations)
Quoting notch
Now that the dust has settled, why did the euro surge upwards anyway? Any idea?
Thomson Reuters said "Pimco's Gross has said that the USD is falling because of fear that the US will lose its AAA status. This should not be a shocker. So what would it cost the US government to be downgraded? 3-year Berkshire AA notes were priced at 158bp over Trsys. Lloyds AAA 3-year was priced at 100bp over. So, all-in, let"s call it a 100-150bp for a downgrade. This may be the "right" price of US govt credit (ie 10-year Trsy at 4.5%) but US ratings agencies are not exactly good barometers of anything."

"Tim Geithner's comments re the government crowding out the private sector was not the smartest thing the US Treasury Secretary could have opined on. The old adage "if you"ve got nothing good to say, say nothing" would have helped him in this matter, but these are the teething problems with new Treasury Secretaries; that is of course unless you are in the camp that says the present Administration wants a weak dollar to keep squeezing the trade and current account deficits down and gain advantage in the fight for a slice of the diminishing global merchandise trade pie. If it were the latter it would be a very dangerous game to play, as confirmed this afternoon by the markets" attitude toward US assets, nope, don't want those bonds; nope, don't want those stocks, and nooooo, don't want those dollars".
Nothing worth having is easy.
Quoting notch
Hi,
Can anyone see:

Wave 0-1 * 1.618 = end of wave 5
Wave 0-3 * 0.618 = end of wave 5

?
Not quite shore what you mean? Post a chart with a time frame. A few lines and even a fib may help get your question across
Here's one - all the other TFs look the same... just a little narrower
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Quoting knuckledrag
Not quite shore what you mean? Post a chart with a time frame. A few lines and even a fib may help get your question across
I was hoping that somebody else had the charts but according to my knowledge the perfect reversal takes place at the end of wave 5 but only when wave 5 occurs at the location where (wave 0 to wave 1) * 1.618 and where (wave 0 to wave 3) * 0.618 are at identical locations. I hope that makes sense.


'Notch cycle' has just crossed above zero. I've closed my short for a modest profit. I'll prepare the forecasts for tomorrow then I'm off to bed. Happy trading all.
For those asking about what Divergence, my post #99005 shows it on indicator on both 4H and 1H basis.
Quoting notch
How can you tell if it will seek a higher track?

Now that the dust has settled, why did the euro surge upwards anyway? Any idea?
When it takes out the upper lines as it did on 2 occassions and doesn't fall back to the median line in a neat pattern, that is a sign that the market moves will be contained within a new track (too early to draw).

Once it broke out above 1.3820 or so it was clean air, no recent supply areas to hold it back. I like to say no-one waiting in pockets to buy/sell tickets, so no reason for the move to be stalled. The surprise for me was that it didn't make a lower base as I had my resting orders in place. The higher pushes more likely stop loss hunting above round numbers. Big surprise was divergence in bourses. Fundamentally, not sure the reasons.
EUR-USD moved up to achieve its 1.3919 objective. We are now at the top of the up-Channel on the DAILY chart. On 4 H chart we have made a doji. And on the HOURLY Chart we have reached the top Bollinger Band as well as the Stochastics is in the Over-Bought territory.

IF the high of 1.3923 remains unbroken we can see a nice pull back forming an 'Evening-Star' candle formation on the 4 H chart.

For FRIDAY the calender is rather light. the big movers should be limited to
GBP "revised GDP q/q" fiqures, CAD 'retail sales' and USD 'Fed Chairman Bernanke' speaking event. So we should pretty much be in a technical trading mode.

Historically on FRIDAYS market can TREND!
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Quoting notch
I was hoping that somebody else had the charts but according to my knowledge the perfect reversal takes place at the end of wave 5 but only when wave 5 occurs at the location where (wave 0 to wave 1) * 1.618 and where (wave 0 to wave 3) * 0.618 are at identical locations. I hope that makes sense.


'Notch cycle' has just crossed above zero. I've closed my short for a modest profit. I'll prepare the forecasts for tomorrow then I'm off to bed. Happy trading all.
Sorry: No time frame+ no chart= No Idea
go $$$$$$$
Attached Image
Successful people will do what unsuccessful people won’t or can’t do!
Atlast, I meant that for the first time in weeks SPX went down seriously while EUR went up hard. This is the stuff I've been thinking about. Something it's going to happen - the kind the world will after say: wow, how could I not notice that. For the moment EUR looks like a rabbit on crack, but equities look already stoned. If the coupling is lost that means for sure something bad happened for USD (and I wouldn't be surprised at all given the fact a clown is in charge of FED) or something even worse is cooking on Wall Street.
I was hoping for one more run up to 1.3920 to place a nice second short but I don't think it is going to happen.
Who has an idea how far we could drop in Asia session?
I have my target @ 1.3802 (61.8% fib of last up-move)

Any idea's?
New voice message: Why are you calling me? If I need you, I'll call you!
Quoting moh.ezzat
go $$$$$$$
Do you happen to have a picture of a bear licking his wounds at 1.3900 but planning to get some help and attack back from around 1.4000?
The Thief of Wall Street
Quoting knuckledrag
Just got back and saw your charts. I have a couple questions if that's ok?

First- Do you think that two of the waves must be similar in size and the third wave must not be the shortest?

Second- How many pips apart can two waves be in your opinion before they are no longer similar in size?

The reason I ask is because I often have trouble deciding when to expect the fifth wave to exceed the first. Case in point our latest wave
The easy way to answer this is that I consider (as somebody wise has taught me) that for us there are EW guidelines and for others EW rules.

Look out - I think a lightning bolt just hit here!!

I guess some would say heresy about this.

I count new high closes and low closes and watch fib retracements and projections as well as divergence on 5-35-5 indicator.

So in my world, () the 3rd wave can be shortest - although rarely, wave 4 can trade into but not close into the range of wave 1 and I never ever bother with x, y, and z wave counting.

But most times, in forex, the 3rd will be longest and either the 1st or 5th will be the shortest. There is no requirement any be equal or close to another though.
Damn, this is a bad thing to be on eastern hemisphere lots of big move happen when we're sleeping
Quoting Chicky
Do you happen to have a picture of a bear licking his wounds at 1.3900 but planning to get some help and attack back from around 1.4000?
Chicky, you don't believe in a retrace from here?
New voice message: Why are you calling me? If I need you, I'll call you!
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