EURUSD | Page 7619 | 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

  • #152,361
  • Oct 14, 2009 3:16pm Oct 14, 2009 3:16pm
in short cut ur losses and let ur winner run
  • #152,362
  • Oct 14, 2009 3:19pm Oct 14, 2009 3:19pm
Quoting viljam
thank you! I haven't caught up on posts yet although I think you like to fade moves (which is an art form!) but I hope you did well also with the pips and the craziness of this extended move this week so far.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #152,363
  • Oct 14, 2009 3:20pm Oct 14, 2009 3:20pm
Quoting Alihuzaifa
in short cut ur losses and let ur winner run
Generally speaking. But I think alot of people have trouble figuring out when a profit run is over....it's too easy for them from a psychological perspective to talk themselves in to thinking that the market is going to turn back their way. Alot of people overreach when it comes to looking for profit...when they would have been better served by paying attention to the price action, sticking their profit in their pockets, and then compounding their results the next day.
  • #152,364
  • Oct 14, 2009 3:23pm Oct 14, 2009 3:23pm
Quoting PriceVolume
I think where alot of people are stumbling is trying to obtain long-term type results out of what should be short-term shorts....
That's your strategy, and that's good. There isn't a 'one size fit's all' strategy though. It depends on the size of the account and the length of time the trade is calculated over.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #152,365
  • Oct 14, 2009 3:26pm Oct 14, 2009 3:26pm
Quoting realjumper
That's your strategy, and that's good. There isn't a 'one size fit's all' strategy though. It depends on the size of the account and the length of time the trade is calculated over.
Indeed - fair enough. Good trades, all..
  • #152,366
  • Oct 14, 2009 3:26pm Oct 14, 2009 3:26pm
Quoting PriceVolume
I think where alot of people are stumbling is trying to obtain long-term type results out of what should be short-term shorts....
]]]]]
Ummm... i almost agreed with everything you said but ....NAH...long term trading all the way. Traders need to learn how to identify two things
1) Trading your plan
2) Trend reversal

Really simple actually. LOL
  • #152,367
  • Oct 14, 2009 3:41pm Oct 14, 2009 3:41pm
long at 1.4921 from this morning. The resistance is too obvious to work and the uptrend is also obviously strong. Stop about 50 pips away, target for a pop above 1.5.
  • #152,368
  • Oct 14, 2009 3:43pm Oct 14, 2009 3:43pm
Quoting Dasfx
]]]]]
Ummm
2) Trend reversal

Really simple actually. LOL
I'm looking at the E/U daily chart and it has been trending up since a 1.24xx low on March 2, 2009. On the 3-hr chart, there has been a clear uptrend since the 10/02 low of 1.4481. On the H1 chart, clear uptrend is evident from 10/12 low of 1.4682.

How will you know when a clear trend reversal has occurred & how will you trade that?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #152,369
  • Oct 14, 2009 3:48pm Oct 14, 2009 3:48pm
closed my positions have no strength to wait more....

will see tomorrow
  • #152,370
  • Oct 14, 2009 3:53pm Oct 14, 2009 3:53pm
Quoting The Fool
Its going down. Like a marble in the toilet - "bloop". Or maybe it will go up. It has been going up. Why should it stop going up? The trend is your friend. In this case its your bff. First 1.5, then 2.0, then 5.0...well you get the idea. I can find no fundamental reason to dissuade me from accepting the latter eventuality. Unless it just goes sideways. Forever. A perfect and perpetual balance between the bulls & the bears. But seriously, its probably going up. I mean down.
Had to dig this up - funny rant!
----- Dragonfly out in the sun you know what I mean, don't you know
  • #152,371
  • Oct 14, 2009 3:57pm Oct 14, 2009 3:57pm
Quoting Dasfx
]]]]]
Ummm... i almost agreed with everything you said but ....NAH...long term trading all the way. Traders need to learn how to identify two things
1) Trading your plan
2) Trend reversal

Really simple actually. LOL
I have nothing to indicate a reversal {short} until 1.59xx is tested. 1.53xx will offer resistance.

Long Live the Long.
  • #152,372
  • Oct 14, 2009 4:12pm Oct 14, 2009 4:12pm
look at the currency pairs before the global recession, that is a good indicator where things are going.
  • #152,373
  • Oct 14, 2009 4:15pm Oct 14, 2009 4:15pm
eur/gbp worth a look.. long till 9800..do you own analysis..i see a trend line that 150 pip sl should protect. but 9317 may protect it also just 30 pips below daily pp.. ive been long since posted last week..its a boring pair and 2X the risk/gain pip size. if your looking for 400 plus pips
those who can, do. those who cant, talk about those who can
  • #152,374
  • Oct 14, 2009 4:15pm Oct 14, 2009 4:15pm
Quoting sed34
look at the currency pairs before the global recession, that is a good indicator where things are going.
So you are perporting "Short"?

Sorry if I missread you.
BMc
  • #152,375
  • Oct 14, 2009 4:15pm Oct 14, 2009 4:15pm
Quoting Alihuzaifa
in short cut ur losses and let ur winner run
But maybe not:

cut ur losses = before they turn to profits
let ur winner run = until they turn into losers

Welcome to the world of Paradox.

It all depends how one defines a profitable and a losing trade. A profitable trade is the one that gives predetermined profit on hitting TP, and a losing trade is the one that gives you predetermined loss on hitting SL. The only thing in between is Paradox, fear, greed, indecision, lack of confidence, confusion, .................etc.

I am sure Realjumber as a skydiver will tell you to thoroughly check your equipment before jumping out and then enjoy a fearless dive.
The Thief of Wall Street
  • #152,376
  • Oct 14, 2009 4:21pm Oct 14, 2009 4:21pm
Quoting sed34
look at the currency pairs before the global recession, that is a good indicator where things are going.
not with 4$ per gallon gasoline.
those who can, do. those who cant, talk about those who can
  • #152,377
  • Oct 14, 2009 4:21pm Oct 14, 2009 4:21pm
this thing won't die.
  • #152,378
  • Oct 14, 2009 4:25pm Oct 14, 2009 4:25pm
Quoting gatorinla
eur/gbp worth a look.. long till 9800..do you own analysis..i see a trend line that 150 pip sl should protect. but 9317 may protect it also just 30 pips below daily pp.. ive been long since posted last week..its a boring pair and 2X the risk/gain pip size. if your looking for 400 plus pips
Used to be alot more boring, rangetrader's friend. Now, with the Pound in the dustbin with the Dollar, sky's the limit.

At the rate we're going you'll be able to buy a house or a beamer with the same roll pretty soon....I'll take the double-wide.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #152,379
  • Oct 14, 2009 4:27pm Oct 14, 2009 4:27pm
Quoting TIckerShuffl
this thing won't die.
It's the Jason of Forex. "You can't kill the BoogieMan!"

Let's see if the Bank o' Korea has a smack-down waiting at xx50.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #152,380
  • Oct 14, 2009 4:28pm Oct 14, 2009 4:28pm
Quoting Bemac
So you are perporting "Short"?

Sorry if I missread you.
BMc
i mean euro 1.60. dollar at 72-73, etc. Now I'm not saying this for every pair.

Quoting gatorinla
not with 4$ per gallon gasoline.
not every pair will follow the past trend. the aussie moves strongly with gold. So I expect that to be different since gold is up. New Japan administration so I don't expect usd/jpy 120. etc...
414 traders viewing now