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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

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EURUSD

  • #159,301
  • Nov 5, 2009 3:25pm Nov 5, 2009 3:25pm
Quoting FX-Petra
Yes, there will be interventions to stop the dollar decline... but it will not matter from a long term perspecitve. If the US wants a weaker dollar, it is going to happen. There may be some give and take and heart attacks along the way.... but on this they cannot be opposed. In the end, China's only threat is to stop buying US debt... and this would crash the paper they are already holding. At some point in the future, the US economy will boom again, the US will impose some physcal discipline, and the dollar will roar back. But not today, next week,...
amen....
"Timing Is Everything. Really I Swear It Is"
  • #159,302
  • Nov 5, 2009 3:25pm Nov 5, 2009 3:25pm
Quoting M.A.C.Doug
Oanda are the best live broker ive tried so far. You can take any size position which is great for regular compounding. You can create a sub account if you need to hedge. Lightning fast execution, no requotes and small spreads. You can trade directly of the chart and move your stops and tp's from there but I still use MT4 for mtf chart watching. there can be a little slippage but it works both ways - ive gotten better fills than I ordered! what broker does that!!...

I can't wait to start with them I won't trade the weekends but I might have some positions open... Hopefully my SL won't be taken out...

Quoting toshi
Okay,

Oanda story...here goes...

I always thought that it was an advantage to having an account
with a few bucks that could be used 24/7 to hedge forex exposure,
even on the weekends. That's what originally drew me to oanda.

The said they'll take the other side of a trade, day or nite, any day of the week.
Sure, spreads are wide but they stay fixed on friday nite, Saturday, and thru to Sunday afternoon.

Well, one Saturday (This was atleast a couple years back) I'm looking at XE and TenFore
and see the Euro/Yen is out of whack with Friday's...

Nice one Toshi, but is this SL hunting from their site? Good that you were on the other side of the trade


I still think it's strange that the pips are fixed over the week-end, have they had it like that for a long time?

Eat the snow, it might be beer...
  • #159,303
  • Nov 5, 2009 3:32pm Nov 5, 2009 3:32pm
Quoting vinesh2
Sophia I think we have tentatavely seen the top on EU.

I just can not see how you can say that three days after we bounced squarely off of the daily trendline.

BTW I am leaning towards NFP triggering a huge dollar rally, but EURO VERSION 2.0 WILL STILL BE IN THE CARDS
"Timing Is Everything. Really I Swear It Is"
  • #159,304
  • Nov 5, 2009 3:50pm Nov 5, 2009 3:50pm
What’s Expected
Time of release: 11/06/2009 13:30 GMT, 08:30 EST
Primary Pair Impact : EURUSD
Expected: -175K
Previous: -263K

Impact the US NFP report had on EURUSD through the last 2 months
http://www.dailyfx.com/export/story-...11_05_TTN5.jpg
  • #159,305
  • Nov 5, 2009 3:55pm Nov 5, 2009 3:55pm
Quoting vinesh2
Sophia I think we have tentatavely seen the top on EU.
Be careful, if NFP surprise upside, EU will go up
  • #159,306
  • Nov 5, 2009 3:59pm Nov 5, 2009 3:59pm
Quoting TexasforEX
I just can not see how you can say that three days after we bounced squarely off of the daily trendline.

BTW I am leaning towards NFP triggering a huge dollar rally, but EURO VERSION 2.0 WILL STILL BE IN THE CARDS
I'd like to think that this has topped out here, but I see no evidence to support that thinking. As far as NFP goes......I'll just wait and see!!
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #159,307
  • Nov 5, 2009 4:08pm Nov 5, 2009 4:08pm
Texas I used the word "Tentative" but from what I am seeing with DOW up 200 points EU most likely closing as a DOJI. NFP number are priced in
  • #159,308
  • Nov 5, 2009 4:15pm Nov 5, 2009 4:15pm
Quoting Mike_Douglas
I just dont know how and why they where all yelling Short since the last 3 days.

Some even said, that they're charts said Long, but they are going to short.

Even the the vouched ones
It was me.
The Thief of Wall Street
  • #159,309
  • Nov 5, 2009 4:23pm Nov 5, 2009 4:23pm
Quoting Chicky
It was me.
Was it an emotional trade?
  • #159,310
  • Edited 4:55pm Nov 5, 2009 4:34pm | Edited 4:55pm
RealJumper, are you there?

I just can't believe It happened again. This time lost 3% of my account. PA did not go even one single pip below my stop on a Cable long. It hit my sl at 1.6492 and next second was 108 pips away at 1.6600. My tp for this heavy long trade was 1.6587 and trade was aimed at 6% profit.

I don't think it was my broker, Accidently put the sl a couple of pips within tail of a previous spike. Forgot to change the chart display for bid/ask.

The good thing is managed to snatch 2% back from the running away pa. Additional 1% from an earlier trade. End of story.
The Thief of Wall Street
  • #159,311
  • Nov 5, 2009 4:44pm Nov 5, 2009 4:44pm
Quoting Mike_Douglas
Was it an emotional trade?
Bad judgement.

I started to take medium term short positions a bit too early. Lost on short, recovered on long and then re-entered short - twice. Brought my shorts from 1.46xxish to better location at 1.4828, but lost long opportunities.
The Thief of Wall Street
  • #159,312
  • Nov 5, 2009 4:47pm Nov 5, 2009 4:47pm
Quoting vinesh2
I dont trade the news but from what I can tell we may have some volatile moves but charts will tell the story. We got rejected at 1.49 area and thats pretty important. If manage to close the week out below that I am seeing more down move. We may see unemployment rate of close to 10% tomorrow and this may trigger the moves but again as I said technicals will show the way. We have a lower high and lower low on weekley that tells me we are heading down but definitly need a daily close below 1.483 region weekley close would be even better
I think i see the light now - just sideways price action - now after a big squeeze and 2% US markets up today we see reaction tonight by Europe/Asia/Aus markets and see reaction hop over 1.49...it is a waiting game (lightbulb goes on). Sorry all my views may be quite narrow on this pair because they are based on when I trade turning points in US markets and DXY, but it's been working for me so far : )
----- Dragonfly out in the sun you know what I mean, don't you know
  • #159,313
  • Nov 5, 2009 4:50pm Nov 5, 2009 4:50pm
Quoting Chicky
RealJumper, are you there?

I just can't believe It happened again. This time lost 3% of my account. PA did not go even one single pip below my stop on a Cable long. It hit my sl at 1.6492 and next second was 108 pips away at 1.6600. My tp for this heavy long trade was 1.6587 and trade was aimed at 6% profit.

I don't think it was my broker, I accidently put the sl a couple of pips within tail of a previous spike. Forgot to change the chart display for bid/ask.

The good thing is managed to snatch 2% back from the running away pa. Additional...
Yep Chicky, I'm here. Doesn't that just suck big time? Although SL's are a necessary evil, it is so irritating when this happens. It has happened to me more than once and for that reason I am reluctant to use SL's unless I am going to be away from the computer. Over the past couple of weeks I have seen some of my trades that would have been stopped out, actually turn into very good trades. Where they would have stopped me out was exceeded by 5-15 pips before they came good. So, either my SL's were poorly placed, or the lot size was too big for the size of my account......and/or shit happens!

SL's are very difficult for me because I can't afford, nor do I want to have SL's set for 100+ pips, such as you see with various 'signal services'. The other side of the coin though is that if we are going to use tight SL's and expect them to not get hit frequently, then we must be guilty of trying to pick tops and bottoms of the wave.

It's not easy!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #159,314
  • Nov 5, 2009 4:51pm Nov 5, 2009 4:51pm
hope triangle breaks upward
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Pation is the Holy Grail
  • #159,315
  • Nov 5, 2009 5:08pm Nov 5, 2009 5:08pm
Quoting realjumper
Yep Chicky, I'm here. Doesn't that just suck big time? Although SL's are a necessary evil, it is so irritating when this happens. It has happened to me more than once and for that reason I am reluctant to use SL's unless I am going to be away from the computer. Over the past couple of weeks I have seen some of my trades that would have been stopped out, actually turn into very good trades. Where they would have stopped me out was exceeded by 5-15 pips before they came good. So, either my SL's were poorly placed, or the lot size was too big for the...
Same issue with me. Tried several techniques but not satisfied with any of them. The best is to initially set wider sls, and then keep on narrowing it down as pa progresses. If I plan a trade with only one lot and market offers 20% -25% of my intended profit without providing a support/resistance to secure my stop behind them, I just click the close button and bank the money.
The Thief of Wall Street
  • #159,316
  • Nov 5, 2009 5:18pm Nov 5, 2009 5:18pm
hey all,

newbie question probably but how come the EURUSD didnt go up today as the DOW increased by more than 2%. Recently it was: us stocks go up, dollar goes down, and other way around. Could it mean that the downtrend is gaining power ?
  • #159,317
  • Nov 5, 2009 5:22pm Nov 5, 2009 5:22pm
Quoting Chicky
Same issue with me. Tried several techniques but not satisfied with any of them. The best is to initially set wider sls, and then keep on narrowing it down as pa progresses. If I plan a trade with only one lot and market offers 20% -25% of my intended profit without providing a support/resistance to secure my stop behind them, I just click the close button and bank the money.
great signature Chicky
  • #159,318
  • Nov 5, 2009 5:46pm Nov 5, 2009 5:46pm
ok, I'm going to rest. it was long day and +155 pips in the net good luck everyone
  • #159,319
  • Nov 5, 2009 6:23pm Nov 5, 2009 6:23pm
daily is showing up ...
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  • #159,320
  • Nov 5, 2009 6:42pm Nov 5, 2009 6:42pm
Ok, here is what I see for this biggest day of the month!
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