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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

EURUSD

Quoting kuroro001
What's Wyckoff ?
wyckoff spring, look it up. It happened today on 5 minute chart when I posted. Basically price has to form either a wedge or be going down continuously then make 2-3 bottoms andthen followed by a headfake move to the lows again, which normally is quite sharp, just like today. When you see that the probability is in bulls favour & price shoots up on short squeezing. A very powerful counter trend formation.


But it was counter trend so I didn't commit full size and stop was also rather narrow. I am still looking for some sort of failure near 1.37-1.38 to initiate a full short position.
Prices oscillate, trends persist. Trend is your friend.
Quoting Mr J
If you want to feel a sense of brothership, I think the markets are not the place for you. Laws of nature apply.
no problem brother, i mean friend, ooops...you keep explaining the laws of nature and I'll keep collecting pips while always maintaining my civility towards others....

good luck brother, sorry did it again, I mean friend...http://cdn.forexfactory.com/images/icons/icon10.gif


mm
He who hesitates is hesitant....which always leads to bad entries.
I am out of EU. It hasn't shown sufficient strength for me today. Waiting for better levels.
Quoting jsspmk
wyckoff spring, look it up. It happened today on 5 minute chart when I posted. Basically price has to form either a wedge or be going down continuously then make 2-3 bottoms andthen followed by a headfake move to the lows again, which normally is quite sharp, just like today. When you see that the probability is in bulls favour & price shoots up on short squeezing. A very powerful counter trend formation.


But it was counter trend so I didn't commit full size and stop was also rather narrow. I am still looking for some sort of failure near 1.37-1.38...
Ok thanks for the explanation
COT : the precious data ignored & FX investing: mid/long term ideas
Quoting Forexfsa
EU trade chief De Gucht: Ash cloud will have serious economic impact in EU if it continues

the boldness of it all http://cdn.forexfactory.com/images/icons/icon10.gif.......I predict it will all be over tomorrow....please insert next story/dilemma/crisis etc...


mm
He who hesitates is hesitant....which always leads to bad entries.
Quoting kuroro001
What's Wyckoff ?
Here you go #399 #490 (#493 )
Quoting SkyzerFX
Yeah, thanks guys, I found http://www.atcbrokers.com

Us Based Hedging allowed ECN/MT4 No dealing desk, Low spreads,
great

reviews:

http://www.forexpeacearmy.com/public...atcbrokers.com

Just request a Demo and will go from there.
Sky, you may want to keep in mind that if the CFTC decides to go ahead and reduce leverage to 10:1, having a US based broker will be put you out of business, or make it very difficult to do business in the best case scenario. For that reason I decided to go with 2 european based brokers.

Keep your eyes open, it is not just about knowing how to trade well, there are other factors that can influence your sucess. Good luck.
Alex
If only I knew then what I know now...
gj apprently fill the gap but gu not , so a temporary shorts in all with eu , scalping positions , they should up again. alittle .last will short, accumulate & keep as per my td analysis .
fontu
Quoting Forexfsa
EU trade chief De Gucht: Ash cloud will have serious economic impact in EU if it continues

what kind of impact is that?
Quoting fontu
gj apprently fill the gap but gu not , so a temporary shorts in all with eu , scalping positions , they should up again. alittle .last will short, accumulate & keep as per my td analysis .
fontu
It did on your plateform? the gap to be filled is around 141.75 on mine
COT : the precious data ignored & FX investing: mid/long term ideas
Quoting Trading Cat
ok I understand ur point if I lock my 100-150pip loss as a hedge I just keep on trading normal as if this position wouldnt be there. So if it is clear we go further up lets say 300 pips I'll be long with another trade and keep on taking them in until we come back down again. Honestly I dont believe we get a 300pip move up, Greece is in no way done with it nor is portugal and the rest of the piigs we will see new lows on a daily. Still the hedge is just a protection of further loss no more then that.

Also look at where I am starting to hedge its...
There is no gain by hedging with same currency, the only reason it is allowed is so broker gets more spread paid. The logical thing to do would be to close the trade and reenter at the same point you would have closed the hedge trade you were making. You might end up paying more interest, you're tying up margin that could be better spent making money, and if a person uses subaccounts one could end up getting a margin call unless money is transferred between.

Real hedging is done using options and/or correlated pairs. I think people primarily hedge within same currency so they don't get that psychologically damaging realized loss
next target for a short around 13500 where the next blue descending TL is
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Quoting Protogenos
There is no gain by hedging with same currency, the only reason it is allowed is so broker gets more spread paid. The logical thing to do would be to close the trade and reenter at the same point you would have closed the hedge trade you were making. You might end up paying more interest, you're tying up margin that could be better spent making money, and if a person uses subaccounts one could end up getting a margin call unless money is transferred between.

Real hedging is done using options and/or correlated pairs. I think people primarily hedge...
The last sentence is exactly my reason for it, nothing else.
Trade on your own risk Plan your trade&trade your plan dont be a :chicken:
stocks negative now time to take another short
Quoting kuroro001
It did on your plateform? the gap to be filled is around 141.75 on mine
It varies in different brokers but price is still up & may continue more uo again.
fontu
Attached Images
Quoting Forexfsa
stocks negative now time to take another short
I think equity market and EU not in sync like before...aha..I am hoping EU goes up
It didn't take out the london's high at 1.3473 yet....once it takes it out..i'll wait for a 1.3500 then a restest of 1.3473 to go long...

Biais is still downside oriented though
COT : the precious data ignored & FX investing: mid/long term ideas
Quoting T.E.Lawrence
usdchf [email protected]

Attachment 460417

cable is approaching 5179 support line on my chart, so maybe it will start climbing soon in order to close that gap:

Attachment 460420
Trade closed +24 pips.
Quoting PipMaxzz
I think equity market and EU not in sync like before...aha..I am hoping EU goes up
That would surprise me. Good luck and green pips!
OK I think this is the big move down to .3355 and settling in at 3295 before next treck up.
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