EURUSD | Page 8136 | 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

  • #162,701
  • Nov 17, 2009 8:22pm Nov 17, 2009 8:22pm
Quoting Artcritique
We are the current participants. The ultra short term market. Anyone with leverage is not the market. This is where the difficulty comes with picking tops and bottoms. The ultimate deciding factor is at what price 'the HSBC trader' can sell it, ounce by ounce to Mom and Pop and what price the hedge fund trader can justify for his units.

I don't know very much, but this I'm reasonably sure of????
i dont know for you , some facts that apply to me and people i know.
a)i dont use leverage in fact many times i use negative leverage
b) i am not short term trader nor long i can be both at the same time
c) do you think the hsbc trader knows the future ? can he risk his job trying to manipulate the market with his "limited" funds in comparision with a trilion dollars per day volume ?
d) if you ever work for a fund or a big broker you will understand you will have the very same feelings as you have now trading your own account..

and yes feelings drive the markets and not a single entity we and our feelings
  • #162,702
  • Nov 17, 2009 9:12pm Nov 17, 2009 9:12pm
Quoting plan-b
Long at 1.4830 , sticking with the up trend but watching support

out at +50

will be on the look out for a small short above 1.49 with a stop in the 1.495 area..
Some drink at the fountain of knowledge. Others just gargle !
  • #162,703
  • Nov 17, 2009 9:17pm Nov 17, 2009 9:17pm
Quoting realjumper
Yes, quite so. However, it is foolhardy to continue to say "the trend is up" when it's not. It leads people to go long where they shouldn't, in the belief that if the trade goes against them, it will come back because "everyone says that the trend is up".......which is of course, pure bullshit.
I know what you're getting at, but on the weekly for example, the trend is still up (under every definition), so someone looking at it from that perspective is correct when they say that. If someone wants to take that statement and apply without regard to timeframe, isn't it their fault and not the fault of whoever said the trend was up? Trading is an activity for people who can think for themselves.
  • #162,704
  • Edited 9:32pm Nov 17, 2009 9:32pm | Edited 9:32pm
Quoting Mr J
I know what you're getting at, but on the weekly for example, the trend is still up (under every definition), so someone looking at it from that perspective is correct when they say that. If someone wants to take that statement and apply without regard to timeframe, isn't it their fault and not the fault of whoever said the trend was up? Trading is an activity for people who can think for themselves.
Oh come on!!! The Weekly chart has been sideways for the past 4 weeks (including this week at the moment). You'll need to look at the Monthly chart to see an uptrend under every definition

Do you trade from a monthly chart? You don't do you, so it is little importance.....still *some* importance, but not much.

Yes it's true that people should trade according to their own thoughts and analysis, but the reality is that many people like to see others doing a similar thing, as this gives them confidence in their thoughts. This is true for all of life, not just trading.

I see a poster just got out of a long.....one that he entered because "the trend is up"......well if the trend is truely up, why exit??????

No, that fact is that the current trend is sideways, and ALL timeframes with the possible exception of the Monthly show this.

Once again, it is true that people must be responsible for their own trades....and it is also true, that people should post the truth, if they are going to post analysis.....otherwise, people WILL follow....that is a fact of life.

It is so simple to say, and it's true, that the current trend is sideways. The recent uptrend may or may not resume. To say that the trend is "still up" is just plain bullshit
Doing what you like is Freedom. Liking what you do is Happiness.
  • #162,705
  • Nov 17, 2009 9:45pm Nov 17, 2009 9:45pm
Heck, if I compress my chart enough, I can make the last 12 months looks sideways. Long term trend is up, bro. Only under 1.4450 would worry me.
Si vis pacem, para bellum.
  • #162,706
  • Nov 17, 2009 9:51pm Nov 17, 2009 9:51pm
Quoting Duce
Heck, if I compress my chart enough, I can make the last 12 months looks sideways. Long term trend is up, bro. Only under 1.4450 would worry me.
No.....the long term trend is NOT UP, bro. It is, and has been for nearly a month, Sideways
Attached Image (click to enlarge)
Click to Enlarge Name: sideways.jpg Size: 65 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #162,707
  • Nov 17, 2009 9:52pm Nov 17, 2009 9:52pm
Quoting realjumper
Oh come on!!! The Weekly chart has been sideways for the past 4 weeks (including this week at the moment). You'll need to look at the Monthly chart to see an uptrend under every definition

Do you trade from a monthly chart? You don't do you, so it is little importance.....still *some* importance, but not much.

Yes it's true that people should trade according to their own thoughts and analysis, but the reality is that many people like to see others doing a similar thing, as this gives them confidence in their thoughts. This is true for...
Why do you want to impose your subjective interpration on everyone? I am beginning to think that you have no confidence in your short position.
  • #162,708
  • Nov 17, 2009 9:54pm Nov 17, 2009 9:54pm
Quoting realjumper
No.....the long term trend is NOT UP, bro. It is, and has been for nearly a month, Sideways
Is that the best you can do? On that chart you yourself chose, the trend is up, it starts at 1.4650 and now it is 1.4872.
  • #162,709
  • Nov 17, 2009 9:56pm Nov 17, 2009 9:56pm
Quoting realjumper
No.....the long term trend is NOT UP, bro. It is, and has been for nearly a month, Sideways
So 1000 pips ranges are considered sideways? Ahh..okay. Sideways it is.
Si vis pacem, para bellum.
  • #162,710
  • Edited 10:00pm Nov 17, 2009 9:58pm | Edited 10:00pm
There is a trend within a trend, known as the current. Intraday traders should be able to find the current relevant to the time frame they trade and never trade against the current.

Dow theory
  • #162,711
  • Nov 17, 2009 9:58pm Nov 17, 2009 9:58pm
Quoting wwwin
Why do you want to impose your subjective interpration on everyone? I am beginning to think that you have no confidence in your short position.
FFS......I don't wish to "impose" anything upon anyone. If people want to argue the point I am making, then that's fine with me. I will defend my point of view. Sorry if that causes you a problem.

And, for what it's worth, I NO position at the moment.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #162,712
  • Nov 17, 2009 10:00pm Nov 17, 2009 10:00pm
Quoting Duce
So 1000 pips ranges are considered sideways? Ahh..okay. Sideways it is.
400 pips range since the uptrend went sideways acually
Doing what you like is Freedom. Liking what you do is Happiness.
  • #162,713
  • Nov 17, 2009 10:02pm Nov 17, 2009 10:02pm
damn... who would of thunk it..

On the final day of Pres Obama's trip to [CHINA]; Fan Gang, a prominent economist and advisor to China's central bank, raises some attention by seeing the risk of a double dip in the [US] economy but not in China. Whilst it is not obvious to Fan what will sustain the US economy after its stimulus measures are faded in the 2nd half of 2010, Fan still sees 8% to 9% growth in China next year, but warns of asset bubbles.
those who can, do. those who cant, talk about those who can
  • #162,714
  • Nov 17, 2009 10:03pm Nov 17, 2009 10:03pm
it depends.. where you start. 1.6035 could be a start..or .8xxx
those who can, do. those who cant, talk about those who can
  • #162,715
  • Nov 17, 2009 10:06pm Nov 17, 2009 10:06pm
Quoting realjumper
400 pips range since the uptrend went sideways acually
This is my last post on the subject...it's just that the chart you post does not support your position. Look at the chart with a line connecting the beginning price and the price now. Is that line not going up?
Attached Image
  • #162,716
  • Nov 17, 2009 10:07pm Nov 17, 2009 10:07pm
Quoting realjumper
400 pips range since the uptrend went sideways acually
You are correct. I was exaggerating to make my point look better.
Si vis pacem, para bellum.
  • #162,717
  • Nov 17, 2009 10:08pm Nov 17, 2009 10:08pm
Gator, that link of yours is a good laugh. Looks like he got him in the end - don't mess with a randy ass!
  • #162,718
  • Nov 17, 2009 10:10pm Nov 17, 2009 10:10pm
Quoting Mr J
Gator, that link of yours is a good laugh. Looks like he got him in the end - don't mess with a randy ass!
with friends like that who needs enemies. someone never stopped rolling the camera.
those who can, do. those who cant, talk about those who can
  • #162,719
  • Nov 17, 2009 10:16pm Nov 17, 2009 10:16pm
Quoting gatorinla
damn... who would of thunk it..

On the final day of Pres Obama's trip to [CHINA]; Fan Gang, a prominent economist and advisor to China's central bank, raises some attention by seeing the risk of a double dip in the [US] economy but not in China. Whilst it is not obvious to Fan what will sustain the US economy after its stimulus measures are faded in the 2nd half of 2010, Fan still sees 8% to 9% growth in China next year, but warns of asset bubbles.
listening to Chinese talking heads is about as usefull as listening to any of the others. There is a third possibility; This gentleman may be the second cousin of the finance minister and the end product of generations of inbreeding..
Ah Luv the smell of a good prediction in the mornin!
  • #162,720
  • Nov 17, 2009 10:16pm Nov 17, 2009 10:16pm
Quoting wwwin
This is my last post on the subject...it's just that the chart you post does not support your position. Look at the chart with a line connecting the beginning price and the price now. Is that line not going up?

Look, for the VERY LAST TIME.......since the high of 5062, which is a month ago, the trend has been sideways......ANY WHICH WAY you look at it.

The uptrend may or may not resume

How long are you going to let this pa fail to get above 5062 before you will consider the uptrend finished?? Another month?.....2 months.....5 months......just what IS the line in the sand for you???

Oh yeah, and excuse me all over the place for having a fucking opinion
Doing what you like is Freedom. Liking what you do is Happiness.
414 traders viewing now