EURUSD | Page 11252 | 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

  • #225,021
  • Apr 13, 2010 12:52pm Apr 13, 2010 12:52pm
Quoting ak4x
Old site I bookmarked ages ago, still valid, ful of good stuff and updates each year...

http://www.greencompany.com/Educatio...esources.shtml

You guys are great. Thanks a lot.
  • #225,022
  • Apr 13, 2010 12:52pm Apr 13, 2010 12:52pm
Hello



Filling the gap needs perhaps an extented (III) wave.



http://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3E
Attached Image
  • #225,023
  • Apr 13, 2010 12:52pm Apr 13, 2010 12:52pm
resistance becomes support
Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 85 KB
  • #225,024
  • Apr 13, 2010 12:55pm Apr 13, 2010 12:55pm
Quoting ma_cowburn
resistance becomes support
Not likely to hold. Riddle me this: How many times have you seen a "gap" hold on a weekly chart? How about a daily chart? Not saying that there could not be more upside before, but I don't expect your level to hold as the market will come back to it....
  • #225,025
  • Apr 13, 2010 1:00pm Apr 13, 2010 1:00pm
Quoting PriceVolume
It's boring, but I love this kind of PA. Allows me to accumulate zero risk trades in preparation for the larger movement.
to which direction? i am completely lost right now. my charts - atm - tell me, we're going up. trend, bias, fundis et al are way, way down... but, much more important are the reasons, why you are building towards a particular direction.
  • #225,026
  • Apr 13, 2010 1:01pm Apr 13, 2010 1:01pm
Quoting TheLastCoke
Open a Corporation in the Bahamas.

(Problem Solved)

Or open a Swiss bank account with UBS so the gov't won't know about your money... Or mabye not.
  • #225,027
  • Apr 13, 2010 1:01pm Apr 13, 2010 1:01pm
Quoting mmccormac
My account never told me that... I've just made a P&L summary for end of year.
Yeah, I pulled that straight from Schedule D instructions, but it probably doesn't matter unless you're audited. In reality though it is their only way to track forex traders since our 1099s only contain interest income.
  • #225,028
  • Apr 13, 2010 1:02pm Apr 13, 2010 1:02pm
Quoting Mr J
The only thing that would worry me are taxes and being excluded from the market. There will surely be change, but I think I exploit human behaviour which seems relatively consistent over time.
Thank you! I just worry that they could fix the currencies all to a fixed rate. Not very likely soon hopefully.

Anyways, I guess they will make it harder for small accounts, so I will try to get more experience. If I know I can make steady roi over years then I could even invest more bucks. Not needed anymore then, probably. Right now I am rather careful and try to develop my account from my deposit plus this around 50% what I have now. Gives also good confidence to me right now. Because I can not lose anymore as my trades have small risk and if I would run below 1400 around I would stop trading manual.

We'll see how it goes. I also try now to learn more to trade profitably in ranging markets. Not easy.
Sometimes I lose. Sometimes the others win.
  • #225,029
  • Apr 13, 2010 1:03pm Apr 13, 2010 1:03pm
Preparing to short EU. GU still waiting 1.5400
P.S. waiting EU 1.3580
  • #225,030
  • Apr 13, 2010 1:11pm Apr 13, 2010 1:11pm
Quoting Buckscoder

We'll see how it goes. I also try now to learn more to trade profitably in ranging markets. Not easy.
Man, I'm just the opposite. I usually kill it in ranging markets and when the trend kicks in I'm left with a "runner" that will wipe out a week or two of profit. Luckily for me markets range more than they trend...
  • #225,031
  • Apr 13, 2010 1:12pm Apr 13, 2010 1:12pm
Has anyone heard anything regarding the CFTC proposal to limit leverage to 10-to-1? I know comments closed March 22, but was wondering when or if a decision had been made.
  • #225,032
  • Apr 13, 2010 1:14pm Apr 13, 2010 1:14pm
It's not about 1.36 IMO, but about USD's 80.5, check out your charts. Once we clear that area in USD, it will be much easier to trade EUR.
Prices oscillate, trends persist. Trend is your friend.
  • #225,033
  • Apr 13, 2010 1:33pm Apr 13, 2010 1:33pm
Quoting Mr Hatch
to which direction? i am completely lost right now. my charts - atm - tell me, we're going up. trend, bias, fundis et al are way, way down... but, much more important are the reasons, why you are building towards a particular direction.
You have a PM, Hatch.
  • #225,034
  • Edited 2:05pm Apr 13, 2010 1:46pm | Edited 2:05pm
Reaction to fibs. 2009 was stopped at 38.2%, this time we got stop+congestion at 23.6%. 80.5 providing support for time being, yet intentions for another phase are not known at present. I sense if 80.5 folds, then USD will shave off ~5% to 76.5 TL (EUR/USD ~1.425). 1.425 represents 50% fibs of current EUR down trend's Hi-Lo. Confluence? I think so.
Attached Image (click to enlarge)
Click to Enlarge Name: fibs.jpg Size: 154 KB
Prices oscillate, trends persist. Trend is your friend.
  • #225,035
  • Apr 13, 2010 1:46pm Apr 13, 2010 1:46pm
I know some do not believe in volumes in fx .. but somnething is going on

This 60 min volume was as high on that little shake out down move earlier in us than the one before the gap.

Somehow that all seems buyers to me. This shows well on a pin bar on 2 hour charts.

Just throwing this out as a caution to sellers. Something does not seem right. It almost seems that eu may rip in next 12 to 24 hours. Why all that volume otherwise on a little dip ?

Just manage the risk and the stops as you feel fit.

I am mostly playing with gu as she is in a lovely range. Just throwing this out there to flag something odd is goiing on behind the scenes that we do not know about yet .

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.jpg Size: 192 KB
Blogging daily now at www.volume.zone
  • #225,036
  • Apr 13, 2010 1:49pm Apr 13, 2010 1:49pm
Quoting Protogenos
Man, I'm just the opposite. I usually kill it in ranging markets and when the trend kicks in I'm left with a "runner" that will wipe out a week or two of profit. Luckily for me markets range more than they trend...
LOl, then we should join and then we can be profitable 100% of time.
Sometimes I lose. Sometimes the others win.
  • #225,037
  • Apr 13, 2010 1:57pm Apr 13, 2010 1:57pm
Possible movements next 2 M15 candles & next 2 m30 candles can be move to 1.3604 or 1.3580/75 which come earlier , possible first ,back to 2nd & back again to the first to break down below.

As Td count in M30,15 there devloping set ups , count now both 7 & only 2 consequest candles need . for m15 to end first & so go up to the first & it then drive price down where next 30 min candle start up for the setup perfection & next bigger down to initiate.
M5 also already sell set up perfection & so can take the 2nd level first also . Anyway those levels can take one after the other before the down.
hope it work.Anyway , I am short for now again.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #225,038
  • Apr 13, 2010 2:00pm Apr 13, 2010 2:00pm
Quoting Buckscoder
Thank you! I just worry that they could fix the currencies all to a fixed rate. Not very likely soon hopefully.
I have no idea of what the future has in store, and the best I can do is make the most of the opportunities I have now. I will say that it is important to me that my strategy can be applied to markets in general. I wouldn't mind making a bundle as soon as possible though, as it could come in handy for a boat, life extension procedure, or stocked bunker for the next war/virus/aliens/judgement/gaga costume .
  • #225,039
  • Apr 13, 2010 2:02pm Apr 13, 2010 2:02pm
Quoting malcolmb14
Why all that volume otherwise on a little dip ?
Attachment
IMHO it wasn't just a little dip Malc, lot of support found there + lots of fibos in the same area. I guess some big orders waiting there as well. #507

Attached Image (click to enlarge)
Click to Enlarge Name: fibos+.gif Size: 18 KB
  • #225,040
  • Apr 13, 2010 2:02pm Apr 13, 2010 2:02pm
Quoting malcolmb14
I know some do not believe in volumes in fx .. but somnething is going on

This 60 min volume was as high on that little shake out down move earlier in us than the one before the gap.

Somehow that all seems buyers to me. This shows well on a pin bar on 2 hour charts.

Just throwing this out as a caution to sellers. Something does not seem right. It almost seems that eu may rip in next 12 to 24 hours. Why all that volume otherwise on a little dip ?


Attachment
That is telling me there's more selling to come, look at the lower interest in the upmove that followed.
498 traders viewing now