EURUSD | Page 10625 | 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

  • #212,481
  • Mar 17, 2010 7:55pm Mar 17, 2010 7:55pm
Quoting JasonGuillen
If you ever have to ask someone else..... you should get out.
I ask Gator and Driver because I've been following this forum for a while now and they seem to have coherent answers
  • #212,482
  • Mar 17, 2010 7:56pm Mar 17, 2010 7:56pm
Quoting gatorinla
we may...lets c what happens after bounce.
okay I'll wait now, i'm gonna wait to re-enter if my stops get hit on the two I have now. I will also wait for dp @ 3750 area. One just got hit as I wrote this @ +14...one more is only 3 pips away from being stopped out @ +10..edit:flat now, stopped out on trade #2 @ +10
  • #212,483
  • Mar 17, 2010 7:56pm Mar 17, 2010 7:56pm
Quoting petehnm
excuse me Gator for being such a newbie..what is dp?
daily pivot point=DP
  • #212,484
  • Mar 17, 2010 7:57pm Mar 17, 2010 7:57pm
Quoting petehnm
excuse me Gator for being such a newbie..what is dp?
To answer your question dp is the daily pivot point.

Some other common terms you will see here are:

TL = trend line
S = Support
R = Resistance

So long as your grasp what those mean you should be able to follow along fairly well. Grasping their use and importance however is another matter entirely.
  • #212,485
  • Mar 17, 2010 7:57pm Mar 17, 2010 7:57pm
pivot. daily.

Quoting petehnm
excuse me Gator for being such a newbie..what is dp?
Its all in the mind.
  • #212,486
  • Mar 17, 2010 7:58pm Mar 17, 2010 7:58pm
Thanks guys I appreciate it...
  • #212,487
  • Mar 17, 2010 7:58pm Mar 17, 2010 7:58pm
As I've written before, the price went lower than previous min level, 3 waves are formed at the moment.
Both variants for up- and downtrend are actual.

check the signature link for details.
  • #212,488
  • Mar 17, 2010 8:03pm Mar 17, 2010 8:03pm
Quoting petehnm
excuse me Gator for being such a newbie..what is dp?
daily pivot point

http://www.actionforex.com/technical...-200603205733/
those who can, do. those who cant, talk about those who can
  • #212,489
  • Mar 17, 2010 8:07pm Mar 17, 2010 8:07pm
Quoting uraceulose
okay I'll wait now, i'm gonna wait to re-enter if my stops get hit on the two I have now. I will also wait for dp @ 3750 area. One just got hit as I wrote this @ +14...one more is only 3 pips away from being stopped out @ +10..edit:flat now, stopped out on trade #2 @ +10
without a new low now math says 3775.. 85 was a tuff s/r... as said the dp and 3737 are bumps.. you can play the bounce at 85 if we get there. i may reload short there...
those who can, do. those who cant, talk about those who can
  • #212,490
  • Mar 17, 2010 8:07pm Mar 17, 2010 8:07pm
Quoting petehnm
Hello Driver
I was thinking of going long here as well..I have a standing long from 1.3740..I'm just a bit gun shy right now wondering if it will go lower..
we have a daily pin bar it may go much lower before going up
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #212,491
  • Mar 17, 2010 8:07pm Mar 17, 2010 8:07pm
Quoting gatorinla
daily pivot point

http://www.actionforex.com/technical...-200603205733/
you guys are a great help...I'll be looking for 1.3760 as dp..correct?
  • #212,492
  • Mar 17, 2010 8:09pm Mar 17, 2010 8:09pm
there could be N number of daily pivots. I count mine at 5 PM Texas time. And it is says 13757 .

Quoting petehnm
you guys are a great help...I'll be looking for 1.3760 as dp..correct?
Its all in the mind.
  • #212,493
  • Mar 17, 2010 8:10pm Mar 17, 2010 8:10pm
Quoting gatorinla
we may...lets c what happens after bounce.
If kiwi can break 7130 we might have some good drop on that pair......fwiw
Doing what you like is Freedom. Liking what you do is Happiness.
  • #212,494
  • Mar 17, 2010 8:13pm Mar 17, 2010 8:13pm
Quoting petehnm
you guys are a great help...I'll be looking for 1.3760 as dp..correct?
I could be wrong here but it seems that most use DP's that are figured within an hour one way or another of GMT. As with anything market related, you could be looking at the right data but if the rest of the herd is not looking at the same data you are, it is hard to estimate what they might do. For me my Daily candle starts at 5 PM as well as I am just north of Texas time.
  • #212,495
  • Mar 17, 2010 8:18pm Mar 17, 2010 8:18pm
Quoting SkyzerFX
We are staying in the range and I like it.. Probably no good for those,

who are trading on Weekly/Daily charts.. Nothing to do... I'm piling

up from 30 sec TF chart Looking good so far..
Weekly chart is great for making real returns & also keeps one from over trading that leads to 'death by a thousand cuts' in lots of cases & strength of trends is so much stronger on weekly in comparison to intraday that suffer from reversion to the mean on so many occasions & the best part is that I can trade on my iPhone whilst doing something else than eye balling the charts all day long & the best part is that one can quite easily afford the luxury of being able to enjoy a proper nice shit whilst reading a paper for a long period of time, most of the above is daytraders' dream
Prices oscillate, trends persist. Trend is your friend.
  • #212,496
  • Mar 17, 2010 8:21pm Mar 17, 2010 8:21pm
Quoting realjumper
If kiwi can break 7130 we might have some good drop on that pair......fwiw
i may have toped out as well as aud last night. i got a chart posted hours ago.
those who can, do. those who cant, talk about those who can
  • #212,497
  • Mar 17, 2010 8:23pm Mar 17, 2010 8:23pm
Quoting petehnm
you guys are a great help...I'll be looking for 1.3760 as dp..correct?
notice where the weekly and monthly are.
those who can, do. those who cant, talk about those who can
  • #212,498
  • Mar 17, 2010 8:24pm Mar 17, 2010 8:24pm
Quoting gatorinla
i may have toped out as well as aud last night. i got a chart posted hours ago.
Yep, I was fast asleep at the time so no chance for me to enter! Currently I'm short on EU, GU and NZU.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #212,499
  • Mar 17, 2010 8:26pm Mar 17, 2010 8:26pm
nice doki on that. but I am short EJ

Quoting realjumper
If kiwi can break 7130 we might have some good drop on that pair......fwiw
Its all in the mind.
  • #212,500
  • Mar 17, 2010 8:27pm Mar 17, 2010 8:27pm
EURUSD broke the previous minimum level, that you can check in my previous entry. but the question is open: how long the downside move is going to continue?

An idea came to me right now, that EU may correlate with GU (where we're awaiting one more bullish wave) and it'll form as an expanded wave 5. If this scenario is to be proved, price shouldn't come lower 1.3635.

You can check all my previous entries and the updated charts through the signature link.
772 traders viewing now