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EURUSD

  • #195,321
  • Feb 13, 2010 1:33am Feb 13, 2010 1:33am
Quoting mfoste1
had a pretty uneventful friday night, hope all had a good trading week....

ne ways ive defined some near term levels which ive derived from a weekly chart that i believe will be very significant in the month of feb. I think were very likely to see some sort of bounce nearing 1.35. im still bearish and i held all my shorts over the weekend
What is your thoughts on the terrybusiness? Him sleeping around has nothing to do with soccer ,still he was kicked as captain. Ridiculous!
  • #195,322
  • Feb 13, 2010 1:47am Feb 13, 2010 1:47am
Quoting Matt99
What is your thoughts on the terrybusiness? Him sleeping around has nothing to do with soccer ,still he was kicked as captain. Ridiculous!

everyone and their brother knows that star players and captains get girls....whats new?! i guess affairs are bad images for the club
  • #195,323
  • Feb 13, 2010 1:57am Feb 13, 2010 1:57am
http://cdn.forexfactory.com/images/attach/png.gif 2010-02-12_23h15_Screenshot AM-FPP-B-00_EUR-USD TA (Preliminary).PNG (122.0 KB)





Preliminary estimation / results and scenario for EUR-USD ...

Start of Week No. 07 ( Daily + Weekly Survey ) for Sunday and Monday ...

More precise calculation when market opening rates can be calculated as well ...

(O + H + L + C) / 4 etc.



Scenario + Text as it appears in SCREENSHOT view ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-02-12_23h15_Screenshot AM-FPP-B-00_EUR-USD TA (Preliminary).PNG Size: 122 KB
  • #195,324
  • Feb 13, 2010 2:03am Feb 13, 2010 2:03am
Quoting mfoste1
everyone and their brother knows that star players and captains get girls....whats new?! i guess affairs are bad images for the club
Yeah ,I guess so...but they probably win the premier legue anyway ,despite the affair...
  • #195,325
  • Feb 13, 2010 2:30am Feb 13, 2010 2:30am
hey guys,


I know all the bad news that has been coming regarding greece and slow gdp growth etc.

One would have expected the euro to be slightly bullish because of the EU meeting about greece this week. The meeting shed no details on how they were going to help so the EUR dropped further.

I want to know from you guys. I use stochastics and daily price range as a indicator of entering a trade. I just find that going short when stochs are showing oversold levels to be a bit nerve wrecking even though the PA is suggesting a lower low.

How do you guys overcome that mindset? ie: All indicators showing oversold and yet add shorts to your trade.

I find that stochs works worse on this pair especially this type of market.

Any of the experienced guys assist?

One more thing. I prefer to be a counter-trend trader ie: Fade the trade as i feel that whenever the market is going into levels that it hasnt come from yet to receive big support/resistance.

Hope im making sense.
  • #195,326
  • Feb 13, 2010 3:11am Feb 13, 2010 3:11am
Quoting 4exJunki
hey guys,


I know all the bad news that has been coming regarding greece and slow gdp growth etc.

One would have expected the euro to be slightly bullish because of the EU meeting about greece this week. The meeting shed no details on how they were going to help so the EUR dropped further.

I want to know from you guys. I use stochastics and daily price range as a indicator of entering a trade. I just find that going short when stochs are showing oversold levels to be a bit nerve wrecking even though the PA is suggesting a lower low.

How...
Not that much idea as to market oversold or bought any time , it can in one time frame not in immediate or other higher tf & so continues . To me there can't be any such condition in realtime , you want to buy or sell some but market refuses because overbought or sold , seems it never happened . When there a sell there always a buyer & viseversa.

In counter-trend trades one must see a good sr price may reacts at & accumulate orders as approaches nearby through less strong srs & be ready to close all at a level expected or even before it with all trades or max positive , i do place trades with bigger lots nearer the strong sr . Anyway it may be dangerous if not close timely & lust for more pips at atime. As practice in consolidation periods smaller tf One important thing, how do you diagnose extremities ? take nearby srs , see price stalls in m1 & decide .only.example see pic.
Thanks ,'
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #195,327
  • Feb 13, 2010 9:23am Feb 13, 2010 9:23am
Thanks for all your assistance guys.

I would like to suggest a trading plan. It works for me every single time.

Wait for the price to go long or short for 75-80pips and at that level (usually lands close to a S/R level) enter a fade trade for min 10pips SL 15-20 pips.

I have been stopped out once in the last 6months on 4th January 2010.
  • #195,328
  • Feb 13, 2010 9:24am Feb 13, 2010 9:24am
I have something similar, the falling wall is a 15M TL
Attached Image (click to enlarge)
Click to Enlarge Name: 15.gif Size: 18 KB
  • #195,329
  • Feb 13, 2010 9:41am Feb 13, 2010 9:41am
Quoting TheLastCoke
I have something similar, the falling wall is a 15M TL

What TP and SL do you usually use with your strategy. Its amazing how accurate it is hey?

Look at the charts on Thurs. It worked perfectly and if you look at the 80pip price movement after the days low was reached it works again.

My biggest fear has always been not wanting to lose a trade.

I decided to reduce my risk per trade and set a reasonable SL of 15.

So if I can trade 10 trades like that with one loss its still 75pips gain.

Anyone on here trade the GBPJPY. Same strategy will apply only look for a movement of 180-200 pips with a SL of 50 pips. Market usually corrects in excess of 50-100 pips. I normally just take TP20.

So between these two currencies on a week such as the past you should have seen in excess of 100pips for the week.

China just messed up my earnings on Friday. Murphys Law - I dont ever trade on Friday and the 1 day that i do that happens!
  • #195,330
  • Edited 10:53am Feb 13, 2010 10:03am | Edited 10:53am
[quote=TheLastCoke;3461155]
Quoting Racer
Agree with that too, though 4H channel up line together with 50MA was tested and now it is time for lower line test, if we follow this way..?

Racer take a look at the bigger picture, I am trading out of the Daily yours is at 4H.
The basic rule of TL analysis is to start at the Dailys for swing trades and work inward to pinpoint entrys.

Of all the charts, you'd be lucky to have a small percentage line up and all agree, so you always start out and work in.

With proper TL analysis, a common swing can turn into a trend trade and be held for longer term.

But ya gotta start somewhere....
Capital Preservation is key to long term wealth accumulation
  • #195,331
  • Feb 13, 2010 11:31am Feb 13, 2010 11:31am
Quoting 4exJunki
Thanks for all your assistance guys.

I would like to suggest a trading plan. It works for me every single time.

Wait for the price to go long or short for 75-80pips and at that level (usually lands close to a S/R level) enter a fade trade for min 10pips SL 15-20 pips.

I have been stopped out once in the last 6months on 4th January 2010.
Hello, Forgive my question please, but what is a Fade Trade?
Thanks!
  • #195,332
  • Edited 12:44pm Feb 13, 2010 12:31pm | Edited 12:44pm
Learning new things TD sequencinal counts by demark for more accurate buy,sell set ups I used to roughly as abcd patterns ,seems very interesting . Daily tf alerting sell setup perfection but near end count 10 bar running but all other tfs lower showing buy setup perfection that is next counts down can be up.
Anybody knows it or using can help understanding .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #195,333
  • Feb 13, 2010 1:02pm Feb 13, 2010 1:02pm
Fontu,

I don't know much about the abcd patterns or I would chime in. I am interested though so hopefully someone else will give their opinion. Thanks for the charts by the way.

Take care,

Donnie
  • #195,334
  • Feb 13, 2010 1:12pm Feb 13, 2010 1:12pm
Quoting uraceulose
Fontu,

I don't know much about the abcd patterns or I would chime in. I am interested though so hopefully someone else will give their opinion. Thanks for the charts by the way.

Take care,

Donnie
Thanks , hope someone may knows about & by this time I am searching net for more informations free as most sites I checked it showing as costly product.Perhaps will use /test in intraday trading with as with other indicators to see how accurate it signals.
When a buy setup perfection occurs with at 9 bars complete signals but countdown of 13 bars next but an Intersection also needed to determine whether the setup process has been perfected and countdown can begin. will give more information as collected if somebody interested too.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #195,335
  • Feb 13, 2010 1:30pm Feb 13, 2010 1:30pm
Interesting can you elaborate on how your using this method to trade the gpb/jpy. I trade that pair and sometimes you may be waiting all day for a pip move of that size so I am more than curious how you trade that pair.

I only trade it when I see it's oversold and will come down 100 pips of so and visa versa.
It's a great pair to make money on if you know what your doing.
I also use it for scalping as it's one of the best pairs for that.

Thanks
Randy


Quoting 4exJunki
What TP and SL do you usually use with your strategy. Its amazing how accurate it is hey?

Look at the charts on Thurs. It worked perfectly and if you look at the 80pip price movement after the days low was reached it works again.

My biggest fear has always been not wanting to lose a trade.

I decided to reduce my risk per trade and set a reasonable SL of 15.

So if I can trade 10 trades like that with one loss its still 75pips gain.

Anyone on here trade the GBPJPY. Same strategy will apply only look for a movement of 180-200 pips with a SL of...
One good turn gets most of the blankets.
  • #195,336
  • Feb 13, 2010 2:09pm Feb 13, 2010 2:09pm
http://www.bloomberg.com/apps/news?p...d=ahfCXweJYfR0


sounds strikingly similar to what paulson said right before the crash in 08.....
  • #195,337
  • Feb 13, 2010 2:09pm Feb 13, 2010 2:09pm
Quoting TheLastCoke
I have something similar, the falling wall is a 15M TL
Yeah, looks pretty much temporary bottom here, we are at 50% retrace from last drop 1hr tf.
World needs breakout upside and i checked Andrews pitchfork which targets aroundbouts 1.38....profit taking there.

I think big green candle from Feb 12 at 14.00 GMT+1 (high 1.3628, low 1.3551) is a good sign for robust support.

Eurusd could not even drop through the UML from 1.3839...
They think they are smarter than I am.
  • #195,338
  • Feb 13, 2010 2:13pm Feb 13, 2010 2:13pm
Hi Randy
Do you have this

http://www.chartsecret.com/content/t...rets-unleashed

Regards

Quoting randy1953
Hello all, since I had a great week last week and part of the reason was this great group of traders I decided to give a gift. It's my way of a thank you.
I enjoy sharing what I have with other traders. For sometime now when I read something that I feel is excellent and will help others I make a e-book of it and put it in my Forex Library. I have ton's of systems and books on Forex if your looking for something special pm me.
Below is the RapidShare link just a note this server will almost always fail you the first time just try back in a couple...
  • #195,339
  • Feb 13, 2010 2:44pm Feb 13, 2010 2:44pm
Sorry do not have that one. Actually charts is the one thing lacking from my library.
I have lots of great stuff on Fibonacci,waves,ranging and trends. candlesticks basic, advanced and Japanese etc..
Randy
One good turn gets most of the blankets.
  • #195,340
  • Feb 13, 2010 2:44pm Feb 13, 2010 2:44pm
lol...chartsecrets...everuthing is in plain sight on the charts ,just have to know how to read the signs.
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