EURUSD | Page 14243 | 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

  • #284,841
  • Aug 23, 2010 10:31am Aug 23, 2010 10:31am
Quoting Arkhos
I agree but I decided to put in long for this one and to be modest, I decided to take profit and .270.

Am I too scared? hhehe

Thanks.
Ok...here's my version of helping....

1) Why go long here? Can you articulate precisely why you should go long? Do you see a reason on your charts? And, is the reason actually there....or are you merely seeing what you wish to see?

2) Why take full profit at 2700? How did you pick that target? Can you explain why? If you have a winning trade that runs from here to 2700, under what circumstances would you take a partial profit and let the rest run? Under what circumstances would you take full profit? Can you articulate as such?

3) Do you have a stoploss? Is it large enough to let the market "breath" but in line with your money management? Are you positive you're not overleveraged?
  • #284,842
  • Aug 23, 2010 10:32am Aug 23, 2010 10:32am
No to beat now is 2645. I hope this 4h closes below it or we will see some bounce, I think
  • #284,843
  • Aug 23, 2010 10:32am Aug 23, 2010 10:32am
i trade PA behavior and volume. so i can only tell you when it's happening (or could happen, to get ready) and when it happened (confirmation).

right now we are going up on lower vol. while i see up with lower vol and down with stronger vol, i am short biased.

so now we wait. 70-80ish could be a level to watch. but we have to wait for the bears to come and jump in as soon as we can and not "guess" where they will come.

but this is just me...



Quoting DrLobo
So what is everyones oppinion on where pull back is going and where is a good position to short from ?

I really cant see 60% retractment, and my indicators are allready in the red and wanting to short.
dreams do come true.
  • #284,844
  • Aug 23, 2010 10:35am Aug 23, 2010 10:35am
my buy limit hit at 2658..stop loss is 2634 and take profit half at 2715 and another half at 2762...
  • #284,845
  • Aug 23, 2010 10:39am Aug 23, 2010 10:39am
brilliant.....

this is called sensible forex trading


Quoting PriceVolume
Ok...here's my version of helping....

1) Why go long here? Can you articulate precisely why you should go long? Do you see a reason on your charts? And, is the reason actually there....or are you merely seeing what you wish to see?

2) Why take full profit at 2700? How did you pick that target? Can you explain why? If you have a winning trade that runs from here to 2700, under what circumstances would you take a partial profit and let the rest run? Under what circumstances would you take full profit? Can you articulate as such?

3) Do you have...
  • #284,846
  • Aug 23, 2010 10:40am Aug 23, 2010 10:40am
Quoting PriceVolume
Ok...here's my version of helping....

1)...

Thanks! for the speedy reply. I close my position right away and luckily got the 6 pips in green.

I think I blew it. I saw that the it hovered in .2653 and decided that it would not go further being the usual resistance for the entire week. I pick .2700 as to limit my position.

Sorry. I think I made it wrong. Just starting.
  • #284,847
  • Aug 23, 2010 10:40am Aug 23, 2010 10:40am
Robert de Niro, where i plays a mafia boss and says frequently

"you're good, Doc, your good"


PS Don't remember the name of the film although it's not that old LOL

it's that old German guy that pursues me... called Alzheimer LOL





Quoting PriceVolume
Ok...here's my version of helping....

1)...
dreams do come true.
  • #284,848
  • Aug 23, 2010 10:43am Aug 23, 2010 10:43am
another short is taken to take down to 1.2640 area again
Attached Image (click to enlarge)
Click to Enlarge Name: eur03.gif Size: 23 KB
  • #284,849
  • Aug 23, 2010 10:44am Aug 23, 2010 10:44am
Quoting Arkhos
Thanks! for the speedy reply. I close my position right away and luckily got the 6 pips in green.

I think I blew it. I saw that the it hovered in .2653 and decided that it would not go further being the usual resistance for the entire week. I pick .2700 as to limit my position.

Sorry. I think I made it wrong. Just starting.
Seriously...I'm not trying to discourage you. Just pointing out some of the points you have to consider to trade and be consistently profitable. If you can't articulate when to get in, when to get out, the whys, and the extents.....BEFORE you place the trade.....you're playing with fire. Also....nip the "would not go further" thinking as soon as possible. Many say that when a trade goes against them without a stoploss. And they watch the loss grow exponentially, saying to themselves that it can't possibly go any further. And more often than not they are wrong. Dead wrong.
  • #284,850
  • Aug 23, 2010 10:45am Aug 23, 2010 10:45am
Quoting PriceVolume
Ok...here's my version of helping....

1)...

Your username probably puts us on the same page... no fib, no math, no bolly, no wave... price action, volume, momentum for me...

are we bullish or are we bearish, 2 simple questions that I have always asked myself. Buy strength, sell weakness.

Monthly is still bullish and in my plan we will see a resumption of the long sooner rather than later.

the currency pair is at an absolutely critical phase in its relationship and I see us resuming long again, I will be watching to see where we stop on this retracement but happy with my long at the moment off 1.1880 and looking to add if I can see the right signals to get long.

and whilst i trust my analysis I am never married to a position, if the market is telling me I'm wrong I go back and see what it is telling me... always deal in facts not opinions
  • #284,851
  • Aug 23, 2010 10:46am Aug 23, 2010 10:46am
Quoting wannaberich
...so now we wait. 70-80ish could be a level to watch. but we have to wait for the bears to come and jump in as soon as we can and not "guess" where they will come....
this.. and watch US stocks if possible.
  • #284,852
  • Aug 23, 2010 10:47am Aug 23, 2010 10:47am
Quoting PriceVolume
Seriously...I'm not trying to discourage you. Just pointing out some of the points you have to consider to trade and be consistently profitable. If you can't articulate when to get in, when to get out, the whys, and the extents.....BEFORE you place the trade.....you're playing with fire. Also....nip the "would not go further" thinking as soon as possible. Many say that when a trade goes against them without a stoploss. And they watch the loss grow exponentially, saying to themselves that it can't possibly go any further.
I agree. I should plan my trades deeply the next time around. Thanks alot.

  • #284,853
  • Aug 23, 2010 10:47am Aug 23, 2010 10:47am
Quoting wannaberich
Robert de Niro, where i plays a mafia boss and says frequently

"you're good, Doc, your good"


PS Don't remember the name of the film although it's not that old LOL

it's that old German guy that pursues me... called Alzheimer LOL
Analyze This..
Look Sharp/Trade Tight
  • #284,854
  • Aug 23, 2010 10:51am Aug 23, 2010 10:51am
Quoting Goonerboy
Your username probably puts us on the same page... no fib, no math, no bolly, no wave... price action, volume, momentum for me...

are we bullish or are we bearish, 2 simple questions that I have always asked myself. Buy strength, sell weakness.

Monthly is still bullish and in my plan we will see a resumption of the long sooner rather than later.

the currency pair is at an absolutely critical phase in its relationship and I see us resuming long again, I will be watching to see where we stop on this retracement but happy with my long at the...
Well, I'm guilty of using fibs and math, but I do look at raw price action and volume, mainly. "I am never married to a position..."....very very wise.
  • #284,855
  • Aug 23, 2010 10:52am Aug 23, 2010 10:52am
thanks!



Quoting PayTheLimit
Analyze This..
dreams do come true.
  • #284,856
  • Aug 23, 2010 10:55am Aug 23, 2010 10:55am
  • #284,857
  • Aug 23, 2010 11:01am Aug 23, 2010 11:01am
Quoting PriceVolume
Well, I'm guilty of using fibs and math, but I do look at raw price action and volume, mainly. "I am never married to a position..."....very very wise.
if the indicators work for you and you're good with them then fine but most people just add them to the chart and take a punt because the fib line says so, or the bolly band says so, or its the 5th wave says so...

others just draw lines at support and resistance and take a shot at a trade only to see support fail and resistance not be so resistant...

i like a nice clean chart and to know where my bull and bear points are, where are we likely to go, what is the highest probability, what are the key fundamentals saying about the pair and then take it from there.

also never go chasing a trade, if you missed it look for the next trade. plan ahead.

the guy who mentors me is planning his trades into next year already!
  • #284,858
  • Aug 23, 2010 11:02am Aug 23, 2010 11:02am
I really would like to get short, after having watched pain dry all day in that 12680/12720 range, but where to go with them. I mean 12640 was the right off objective, but then what. Just not sure...I'll wait for a clearer picture I guess..
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 21 KB
Look Sharp/Trade Tight
  • #284,859
  • Aug 23, 2010 11:03am Aug 23, 2010 11:03am
Possible long signal?
  • #284,860
  • Aug 23, 2010 11:08am Aug 23, 2010 11:08am
Quoting Goonerboy
...

i like a nice clean chart and to know where my bull and bear points are, where are we likely to go, what is the highest probability, what are the key fundamentals saying about the pair and then take it from there.

also never go chasing a trade, if you missed it look for the next trade. plan ahead.

the guy who mentors me is planning his trades into next year already!
ditto
362 traders viewing now