EURUSD | Page 4986 | 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

  • #99,701
  • May 22, 2009 4:41pm May 22, 2009 4:41pm
Quoting smjones
I spent some time looking at several COT sites and decided I could figure out the math of the calculations they used, so I did. If No one minds, I thought I would post every Friday three chart describing EURO FX commitments.

This is all information available to the public from the CTFC and I have written the algorithms I am using.

The first chart is a normalized net of longs - shorts to a scale of...
Ok, please do. If you could speak tard in your explanations that would be cool too.
  • #99,702
  • May 22, 2009 5:40pm May 22, 2009 5:40pm
you will see it, sooner, or, later.

Quoting emda
What a wonderful week! I have sold half at 1.4020 expecting a retrace... for almost +600 pips. I wonder where are now those bears in the thread calling 1.19 or less all the time...
Have a nice weekend everybody. and don't go against the FED... if they don't want dollars we don't want dollars... as simple as that.
Its all in the mind.
  • #99,703
  • May 22, 2009 6:46pm May 22, 2009 6:46pm
Do u believe I lost more than the pips I have been raking since morning after 7 GMT.

Does that means I am not discipline?
  • #99,704
  • May 22, 2009 6:48pm May 22, 2009 6:48pm
If EU have correlation with usdchf, I think EU will be bearish
  • #99,705
  • May 22, 2009 6:50pm May 22, 2009 6:50pm
Quoting adexhina
Do u believe I lost more than the pips I have been raking since morning after 7 GMT.

Does that means I am not discipline?
Discipline is a part of your trade system
  • #99,706
  • May 22, 2009 7:19pm May 22, 2009 7:19pm
Gold looks ready to go 1k for good. a) inflation, b) USD
  • #99,707
  • May 22, 2009 7:22pm May 22, 2009 7:22pm
Quoting nvcK
Gold looks ready to go 1k for good. a) inflation, b) USD
Is this your first day trading?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #99,708
  • May 22, 2009 7:45pm May 22, 2009 7:45pm
Quoting KillerWhale
Is this your first day trading?
your mean
  • #99,709
  • May 22, 2009 8:17pm May 22, 2009 8:17pm
Quoting Chicky


Will it ever retrace to allow me close my shorts and go long? Just moved my sls to above 1.4300 and added another short.
Dont mean to be disrespectful, your Monte Carlo trading system which you try to incorporate into forex is admirable but flawed due to the fact that you have underrated the importance of TA and try to replace that shortfall by systemic trading which is high risks both to your finance and health.

Next week will give you the chance to redeem and unload your deficit as PA had breached the dynamic retracement level and price will be in a retracement mode bearing in mind there may be some upspike in price volatility but ISL@14100 will protect you from being stop out of trade until market conditions/sentiments change again.

You will need to work very hard on the TA aspects and you should be able to make it once you have a good grasp of it.

GL on your new journey and will be glad to help.
  • #99,710
  • May 22, 2009 8:38pm May 22, 2009 8:38pm
Quoting 99vt66
Dont mean to be disrespectful, your Monte Carlo trading system which you try to incorporate into forex is admirable but flawed due to the fact that you have underrated the importance of TA and try to replace that shortfall by systemic trading which is high risks both to your finance and health.

Next week will give you the chance to redeem and unload your deficit as PA had breached the dynamic retracement level and price will be in a retracement mode bearing in mind there may be some upspike in price volatility but ISL@14100...
99vt66,

Thanks buddy. This is exactly what I realized two days ago. I had to put a lot of money at risk for a very small profit. That deal worked out as expected, but gave me some food for thought. I wouldn't have been here anymore if that deal had went otherwise. I even had to change my account leverage to open those positions. That is chilling. I am right now studying material forwarded by other friends like you, who are trying to help me out with this on a call soon after I realized what I was doing.

So far I compared Jacko's method with what I am doing right now. They are like day and night. I recalculated my previous trades to check how they would have worked had I followed this method. Results are encouraging as far as risk management is concerned, however they would not give me rainfall returns which I sometimes get from my present method. I am now trying to find a way to minimize the risk and focussing on constant returns instead of surprize payouts. More I study, more I recognize importance of some simple technicals like trend lines and fibs.

Another lesson which I learned in this week was not to rely too much on my economic analysis. You miss or misjudge a factor and everything turns against you. Like what happened in this week.

Third lesson is, never ever take an eye off from your primary chart. I took my eyes off from daily chart and it is the only reason entered too soon against this major trend. I normally let trend go to a reasonable height or round number before START entering my counter trend trades. I should have waited for it to cross 1.4000 at least.

Thanks for your help. I am learning and trying to improve. I highly appreciate your feedback.
The Thief of Wall Street
  • #99,711
  • May 22, 2009 9:12pm May 22, 2009 9:12pm
=.=

have tons of floating point.... cant sleep well for saturday and sunday...
lets rest till monday
  • #99,712
  • May 22, 2009 9:21pm May 22, 2009 9:21pm
Hello everyone, posting my results from April where my good old system had a 50% draw down...

Would you have given up this strategy??

Considering bringing it back....

Running 4 systems but I normally have 5...
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 42 KB
  • #99,713
  • May 22, 2009 9:24pm May 22, 2009 9:24pm
Quoting Larseg
Hello everyone, posting my results from April where my good old system had a 50% draw down...

Would you have given up this strategy??

Considering bringing it back....

Running 4 systems but I normally have 5...
It says GBP USD.
  • #99,714
  • May 22, 2009 9:27pm May 22, 2009 9:27pm
Quoting KillerWhale
Is this your first day trading?
This might explain it:

Trading Style(s) Chartist, Fundies, News, Quant

A pinch of this, and a dash of that. Stir it up.
  • #99,715
  • May 22, 2009 10:46pm May 22, 2009 10:46pm
Quoting SunTrader
This might explain it:

Trading Style(s) Chartist, Fundies, News, Quant

A pinch of this, and a dash of that. Stir it up.
Shaken, not stirred please.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #99,716
  • May 22, 2009 11:13pm May 22, 2009 11:13pm
Well its those time again where we try to take stock of what have transpired and hopefully from it we can track what the PA have in store for us in the next coming week.

Last week my take of a deeper corrections(or s/t trend change as some would have call it) did not work out as PA seemed to be in a hurry and headed up after a continuation retracement@13420. Thats the intensity of a classic market fickleness in driving the PA precipitated by unseen/unreadable external factor/s in forex business which are quite rampant the last couple of months due to general markets uncertainty.

Last day close showed us that price have breached the retracement threshold and PA is poised to retrace. Notwithstanding, we should be aware of price volatility swing in thin market conditions(due to Holidays in US). Price could very well test the last high+5-10 pips before it settles into a retrace mode.

Fibo shows retracement lvl @13915-40. And if this levels are breached, then we may be heading for a deeper corrections which is at 13600lvl based on fibo and 4hr TL. Lets take it one level at a time and see what our signposts tell us.

Price is presently very oversold and lying at the upper TL and thats why we have to anticipate a deeper corrections move even though its not necessary the case if PA decides to push higher without giving an iota of considerations/respects for whatever TLs/whatever there may have. For all we know, PA is forming a new TL dimensions/levels. Thats the crude reality of forex business as I had experienced it.
.
So thats all my trading thoughts for the coming week and as usual GL and happy pippings to all and have a nice weekend with all your loved ones......cheers

  • #99,717
  • May 22, 2009 11:38pm May 22, 2009 11:38pm
I think OIL too, the price will up to 70 soon.
Quoting nvcK
Gold looks ready to go 1k for good. a) inflation, b) USD
{Promotion Removed}
  • #99,718
  • May 23, 2009 1:19am May 23, 2009 1:19am
Quoting knuckledrag
your mean
I know
New voice message: Why are you calling me? If I need you, I'll call you!
  • #99,719
  • Edited 2:40am May 23, 2009 1:39am | Edited 2:40am
Quoting 99vt66
Well its those time again where we try to take stock of what have transpired and hopefully from it we can track what the PA have in store for us in the next coming week.

Last week my take of a deeper corrections(or s/t trend change as some would have call it) did not work out as PA seemed to be in a hurry and headed up after a continuation retracement@13420. Thats the intensity of a classic market fickleness in driving the PA precipitated by unseen/unreadable external factor/s in forex business which are quite...
Thanks for the analysis . Just doing my own for the next week or so.

Ist looking at the daily/weekly chart , very big bearish pattern ,mini ab=cd ( 1.4738 100% fib retracement of previous high ) but can be other forms of gartley ,bat or even butterfly as shown in pic from the chart I worked out few weeks back.

Next more practically possible from H4/daily chart , there is already big gartley bearish again having yet to reach the max point up D at 1.4323, again can be a bat or butterfly to 100% fib retracement at 1.4719.any of this level can easily be reached next week for a big bear to initiate to as low as 50% fib retracement at 1.3466 , 61.8% 1.3329 & even 100% 1.2883 to even 1.2455, very low indeed for now !

Again in M15 chart there is a bearish gartley active now ,price can retrace 100% to 1.3966 readily.After finishing it bull may run to push it further up over 141 to 143 . too & froth movement should occur & ultimately pushing price to the top at 1.4323 ot most probaly 1.4719/38 as is common in daily & h4 chart.
price retracemnt can be as low as 61.8%/38.2/fibs at 1.3839 /1.3711.

So buying at the bottom for target more pips up & selling any possible top for much lesser pips down.

fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu71.gif Size: 14 KB
Click to Enlarge Name: eu2.gif Size: 11 KB
Click to Enlarge Name: eu72.gif Size: 14 KB
Click to Enlarge Name: eu1.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #99,720
  • May 23, 2009 1:59am May 23, 2009 1:59am
Quoting fontu
Thanks for the analysis . Just doing my own for the next week or so.

Ist looking at the daily/weekly chart , very big bearish pattern ,mini ab=cd ( 1.4738 100% fib retracement of previous high ) but can be other forms of gartley ,bat or even butterfly as shown in pic from the chart I worked out few weeks back.

Next more practically possible from H4/daily chart , there is already big gartley bearish again having yet to reach the max point up D at 1.4323, again can be a bat or butterfly to 100% fib retracement at 1.4719.any of this level can easily...
Excellent Art Work.
I love the colors.
New voice message: Why are you calling me? If I need you, I'll call you!
326 traders viewing now