EURUSD | Page 10101 | 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

  • #202,001
  • Feb 24, 2010 11:54am Feb 24, 2010 11:54am
Quoting arezab
This is bears stepping in ... unless 1.3620 breaks to the upside.
Can i have the indicator for the colorful price action at your stoch window?
  • #202,002
  • Feb 24, 2010 11:56am Feb 24, 2010 11:56am
Possible hs in m30 , shorts targeting now 1.3538,
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #202,003
  • Feb 24, 2010 11:58am Feb 24, 2010 11:58am
if we break these levels. here. it will put big pressure on EUR.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #202,004
  • Feb 24, 2010 12:02pm Feb 24, 2010 12:02pm
jobama speaking.....look for the down move
hang on to your bread......unless you want toast
  • #202,005
  • Feb 24, 2010 12:03pm Feb 24, 2010 12:03pm
Quoting Zsx
The anti-hedging is really simple. I had a small position from earlier that was at 1.3660, sl at 1.3680. For me, 20 pip clearance is needed. When your stop loss is hit and the market moves away from that level(20 pips for my trading), you put a pending order at the stop. That way, when the market reverses, you re-enter at your stop with the short-term trend on your side. I had 3 different positions stopped out, re-entered all of them, and now I'm in the same position as if that big spike hadn't happened. For long-term trading, Jacko recommends a...
Thanks for the explanation. I'm gonna try it out next trade that hits my stop. I also like the 20 pip spread. So just to make sure... when your stop is hit, let it run another 20 pips in the direction it moved to take out your stop before placing a pending order at the spot of the stop, correct? And if it never clears the 20 pips then you just move on and look for a whole new set up I suppose?
  • #202,006
  • Feb 24, 2010 12:05pm Feb 24, 2010 12:05pm
Took profits @ 1.3540....we might go higher now

and please answer to my first PS anyone
COT: The precious data ignored
  • #202,007
  • Feb 24, 2010 12:07pm Feb 24, 2010 12:07pm
Gator,

Ok...I have been so patient waiting for a comment and Ijust can't take it....LOL.....

So what's you take on this?....I see the 3622 held good...but do we see a re-test or will 3538 give way?.....

AND KAMBOOJ....I love your tech analysis! Good stuff....hope it works out that way....I got stopped out on my good SHORT ENTRY at 3690!
  • #202,008
  • Feb 24, 2010 12:10pm Feb 24, 2010 12:10pm
Quoting 2+2=4ex
Thanks for the explanation. I'm gonna try it out next trade that hits my stop. I also like the 20 pip spread. So just to make sure... when your stop is hit, let it run another 20 pips in the direction it moved to take out your stop before placing a pending order at the spot of the stop, correct? And if it never clears the 20 pips then you just move on and look for a whole new set up I suppose?
That's right. You don't want it to go 5 pips past, hit your new order, and then reverse again. I should mention, you put the same stop loss on the new order as the first, so 20 pips again. The only way you would get into trouble is if price went 20 pips past your stop, reversed 20 pips to hit your entry, reversed 40 pips, reversed 20 to hit new entry, etc... and if you end up chasing the market up like that you might need to take a look at your TA

I will put in an order if my stop is hit, and if that stops out, I won't put in another. I will mark the area though, and re-enter if price moves 100-200 pips away and comes back within a week. You can adjust this strategy to your style of trading.

In the last two weeks, I think I've had 6 trades that were saved by this strategy. So instead of -120 pips, I ended up with +240(more actually, but my minimum profit is 40 pips). As long as you have the trend correct, you will eventually get your trade back as a winner.
  • #202,009
  • Feb 24, 2010 12:12pm Feb 24, 2010 12:12pm
there ll be a bounce at iii to form iv but its a sell all the way
Attached Image (click to enlarge)
Click to Enlarge Name: eur2.gif Size: 20 KB
  • #202,010
  • Feb 24, 2010 12:13pm Feb 24, 2010 12:13pm
or no connection problem?
  • #202,011
  • Feb 24, 2010 12:15pm Feb 24, 2010 12:15pm
I will also mention this about the anti-hedging. It's not necessarily something you should do every single trade. You should still feel good about your initial analysis once your stop has been hit. It's just a way to essentially keep your trade open without suffering any draw-down past your SL.
  • #202,012
  • Feb 24, 2010 12:16pm Feb 24, 2010 12:16pm
Time to go back to 1.3650... take care guys
COT: The precious data ignored
  • #202,013
  • Feb 24, 2010 12:19pm Feb 24, 2010 12:19pm
Quoting kuroro001
Time to go back to 1.3650... take care guys
I disagree, but that's what makes forex work

Good luck
  • #202,014
  • Feb 24, 2010 12:19pm Feb 24, 2010 12:19pm
very intresting PA.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #202,015
  • Feb 24, 2010 12:20pm Feb 24, 2010 12:20pm
Quoting kuroro001
Time to go back to 1.3650... take care guys
funniest thing i have heard all week, make sure to use max size lot and come over here and share your experience.
  • #202,016
  • Feb 24, 2010 12:20pm Feb 24, 2010 12:20pm
Quoting kuroro001
Time to go back to 1.3650... take care guys
AGREE
  • #202,017
  • Feb 24, 2010 12:20pm Feb 24, 2010 12:20pm
Quoting Gld
jobama speaking.....look for the down move
he's done.....stopped out at BE.....a first....strong support at 38
hang on to your bread......unless you want toast
  • #202,018
  • Feb 24, 2010 12:23pm Feb 24, 2010 12:23pm
Quoting kuroro001
Time to go back to 1.3650... take care guys
imho 650 is way far , bulls got their chance if they wanted to take this up they should have done so in the last thrust what i see , is shorts taking profits and soon others loaded , reconsider that kuroro i would have attached a chart but already too many to state we are going down , mine isn't that different
  • #202,019
  • Feb 24, 2010 12:25pm Feb 24, 2010 12:25pm
Quoting mikegonzalez
funniest thing i have heard all week, make sure to use max size lot and come over here and share your experience.
That's not because you are short that you have to be so sarcastic...
Bye
COT: The precious data ignored
  • #202,020
  • Feb 24, 2010 12:25pm Feb 24, 2010 12:25pm
Quoting Gld
he's done.....stopped out at BE.....a first....strong support at 38

Interesting to see EU this weak while Dow/S&P is strongly up
1,535 traders viewing now