EURUSD | Page 6935 | 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

  • #138,681
  • Sep 3, 2009 8:52pm Sep 3, 2009 8:52pm
Quoting The Fool
I need a few pips. Up 2.2% on the day and I might do a little better. I caught 5 on the little breakout south. Now I might check for some scalpable PA, a sideways oscillating range with a +10 pip spread is all I need. About this time of the week I am starting to get tired of looking at this shit, though, so I'm not gonna cry if it doesn't come. Last two nights in a row I have bagged good numbers on reversals at the FO/LO - I will check that tobesure. Then tomorrow the big news (woo) - I like to sleep through & maybe throw on a small bet for fun....
Given the size of your account why don't you just lever yourself and target 5 pips instead of 10 and trade a bigger size, surely the +5 will come before your +10...that is if the -5...-10 doesn't get you first. But then again this might be well beyond your risk appetite, to each his own so trade what you feel comfortable. You know you traded something right when it performs for you sooner than you expect and no later, anything more than that I'm out. GL trading.
"Diversification is an excuse for a lack of talent" ~FXC
  • #138,682
  • Sep 3, 2009 8:58pm Sep 3, 2009 8:58pm
I'm seeing some reversal patterning on the RSI. 5 min just got put into the basement on third touch, and is forming rounded bottom for support. 1hr lingering at 40%, which can be reversal number in descending h1 cycle. So, trying for a small long with 4244 entry.
  • #138,683
  • Sep 3, 2009 9:13pm Sep 3, 2009 9:13pm
Whats going on people i was doing some analyzing came up on this sweet price pattern check it out let me know if you have any questions or feed back. thanks. Feel free to E-mail me with questions or charts at
[email protected]

POTENTIAL STRATEGY: H4 BULLISH GARTLY
Buy: EUR/USD at 1.4121 (.786 Fib)
Stop: Is at 1.4071 (50pips)
Target 1 : 1.4219 (95pips)
Target 2 : 1.4249 (125pips)
Attached Image (click to enlarge)
Click to Enlarge Name: Chart1.JPG Size: 105 KB
  • #138,684
  • Sep 3, 2009 9:14pm Sep 3, 2009 9:14pm
Gulf, I see you are back, I don't know if you saw my post earlier today but I am a NOOb and been reading this forum for a while and I like the way you operate, I would like to know more about what sort of system you use, any direction you can point me to? Can't quite figure out what you are doing (maybe you want it that way)
  • #138,685
  • Sep 3, 2009 9:16pm Sep 3, 2009 9:16pm
We're hitting the bid at 1.4235 soon. like I said earlier.
"Diversification is an excuse for a lack of talent" ~FXC
  • #138,686
  • Sep 3, 2009 9:19pm Sep 3, 2009 9:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: 9309bidguns.JPG Size: 137 KB

Look out below if anything.
If it fails to even take out 1.4266 I'm aggressively short any candle after that. Can't lose today I played the ECB and Jobless claims well. See you euro and us session later.
"Diversification is an excuse for a lack of talent" ~FXC
  • #138,687
  • Sep 3, 2009 9:21pm Sep 3, 2009 9:21pm
Quoting FXCapitalist
Given the size of your account why don't you just lever yourself and target 5 pips instead of 10 and trade a bigger size, surely the +5 will come before your +10...that is if the -5...-10 doesn't get you first. But then again this might be well beyond your risk appetite, to each his own so trade what you feel comfortable. You know you traded something right when it performs for you sooner than you expect and no later, anything more than that I'm out. GL trading.
Thanks, FxCap - you have touched on an issue that I am wrestling with right now. I have cultivated a trading style built around hitting small targets and I did that with the knowledge that my odds would be increased that way and so I would be able to trade small targets/large size. OK so I'm there pretty much & have settled into that style with a few variations and I just need to grow the cojones to trade larger. Was burned bad trading too large before so that's the issue. I'll get there in time. Meanwhile the account is growing steadily at 2+% per day on average so, in that sense, time is on my side.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,688
  • Sep 3, 2009 9:24pm Sep 3, 2009 9:24pm
Quoting FXCapitalist
I think we test 1.4190 prior to NFP
I'd like to see the pivot so I could sell it again.

m
  • #138,689
  • Sep 3, 2009 9:26pm Sep 3, 2009 9:26pm
If it's a bad surprise you'll never see the pivot and might just blow through s2
"Diversification is an excuse for a lack of talent" ~FXC
  • #138,690
  • Sep 3, 2009 9:28pm Sep 3, 2009 9:28pm
Quoting acumen
I'd like to see the pivot so I could sell it again.

m
With the downward pressure on the EUR I'm looking for another test through 1.42XX and a collapse through 1.4170 to completely destroy the 1.42 support level.
"Diversification is an excuse for a lack of talent" ~FXC
  • #138,691
  • Sep 3, 2009 9:28pm Sep 3, 2009 9:28pm
But I dont expect it to go that far, but you never know. I am thinking 4220-4210 area bounce of the 4 hr triangle. Look at the long wicks at the bottom hits.

Jim

Quoting FXCapitalist
Given the size of your account why don't you just lever yourself and target 5 pips instead of 10 and trade a bigger size, surely the +5 will come before your +10...that is if the -5...-10 doesn't get you first. But then again this might be well beyond your risk appetite, to each his own so trade what you feel comfortable. You know you traded something right when it performs for you sooner than you expect and no later, anything more than that I'm out. GL trading.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 49 KB
  • #138,692
  • Sep 3, 2009 9:29pm Sep 3, 2009 9:29pm
Quoting The Fool
Thanks, FxCap - you have touched on an issue that I am wrestling with right now. I have cultivated a trading style built around hitting small targets and I did that with the knowledge that my odds would be increased that way and so I would be able to trade small targets/large size. OK so I'm there pretty much & have settled into that style with a few variations and I just need to grow the cojones to trade larger. Was burned bad trading too large before so that's the issue. I'll get there in time. Meanwhile the account is growing steadily at 2+%...
If you are going to scalp leverage is the enemy.

Stick with small trade sizes.

Don't wrestle with anything... you are winning.

If you can beat the market for 6 months in a row... ignore everything and everyone else.

m
  • #138,693
  • Sep 3, 2009 9:31pm Sep 3, 2009 9:31pm
Quoting The Fool
Thanks, FxCap - you have touched on an issue that I am wrestling with right now. I have cultivated a trading style built around hitting small targets and I did that with the knowledge that my odds would be increased that way and so I would be able to trade small targets/large size. OK so I'm there pretty much & have settled into that style with a few variations and I just need to grow the cojones to trade larger. Was burned bad trading too large before so that's the issue. I'll get there in time. Meanwhile the account is growing steadily at 2+%...
Ahh yes. The one true theory in finance is that if there's anything for sure it's that nothing is for sure... but then again one given that can be true is that the markets always move forward in time and in 3 directions, up down and sideways, now which direction and how long it takes to get to certain levels...is the suspense factor that keeps all us speculators hooked to the markets. So yeah time can be on your side..sometimes. Cheers.
"Diversification is an excuse for a lack of talent" ~FXC
  • #138,694
  • Sep 3, 2009 9:31pm Sep 3, 2009 9:31pm
Quoting FXCapitalist
If it's a bad surprise you'll never see the pivot and might just blow through s2
that's possible but not likely.

price hits the pivot on any given day 85% of the time.

m
  • #138,695
  • Sep 3, 2009 9:36pm Sep 3, 2009 9:36pm
Quoting acumen
If you are going to scalp leverage is the enemy.

Stick with small trade sizes.

Don't wrestle with anything... you are winning.

If you can beat the market for 6 months in a row... ignore everything and everyone else.

m
It depends on your psychological make up and risk aversion. Risk is the uncertainty, your downside. Me I fully accept risk, I know my limits and I am willing to take on the risks that others will not. Ergo yourself. Thus in taking this risk I expect to be rewarded if I'm right.<--(Theory application learned in behavioral finance and derivatives intro...helps alot.) I agree with your statement of ignoring everyone else but you cant be blind to some things, so I don't agree with you on ignoring everything. Beating the market... Is different in everyone's eyes because not everyone uses the same benchmark. Best Regards.
"Diversification is an excuse for a lack of talent" ~FXC
  • #138,696
  • Sep 3, 2009 9:36pm Sep 3, 2009 9:36pm
Quoting acumen
If you are going to scalp leverage is the enemy.

Stick with small trade sizes.

Don't wrestle with anything... you are winning.

If you can beat the market for 6 months in a row... ignore everything and everyone else.

m
Thanks. I am seeing more and more that this is a long term game & I am trying to learn to think that way. I would like to be able to show a nice, smoothly increasing equity curve & that is my goal for the next months.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,697
  • Sep 3, 2009 9:37pm Sep 3, 2009 9:37pm
Quoting FXCapitalist
... see the pivot...
Just curious what time your accucharts pivot tool is set to calculate from... I'm assuming it's something other than 5pm EST.

Here's mine from 5pm.

Attached Image
FUBAR...
  • #138,698
  • Sep 3, 2009 9:38pm Sep 3, 2009 9:38pm
Quoting FXCapitalist
It depends on your psychological make up and risk aversion. Risk is the uncertainty, your downside. Me I fully accept risk, I know my limits and I am willing to take on the risks that others will not. Ergo yourself. Thus in taking this risk I expect to be rewarded if I'm right.<--(Theory application learned in behavioral finance and derivatives intro...helps alot.) I agree with your statement of ignoring everyone else but you cant be blind to some things, so I don't agree with you on ignoring everything. Beating the market... Is different in everyone's...
true.

m
  • #138,699
  • Sep 3, 2009 9:38pm Sep 3, 2009 9:38pm
Closed a bunch at 4249. All I was looking for. Nice and fast.
  • #138,700
  • Sep 3, 2009 9:41pm Sep 3, 2009 9:41pm
Quoting acumen
that's possible but not likely.

price hits the pivot on any given day 85% of the time.

m
we'll see. If its a good number Euro/Dollar rallies with equities tomorrow.
"Diversification is an excuse for a lack of talent" ~FXC
544 traders viewing now