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EURUSD

  • #315,141
  • Oct 27, 2010 9:03pm Oct 27, 2010 9:03pm
Quote
Taking countertrend trades just because a stoch or a RSI is in overbought/sold area is something really stupid, I agree.

completely agree with this
  • #315,142
  • Oct 27, 2010 9:12pm Oct 27, 2010 9:12pm
Quoting Venice
Hey mate... while this is your opinion, I have successfully implemented the use of stochastic.

Perhaps used in a way that is different then what you are thinking though? Stochastic is a representation of price action. If you are reading price action, it is directly correlated to how the stochastic is drawn. If I blind trade stochastic, it gives me, on average a 92% chance of at least being in profit within the next 3 bars. That statistic is enough for me to trade, and have been doing it successfully in the equities market for over 2 years now....

Hi Venice,

Really appreciate it if you could tell us more about how you use stochs. With as much info as possible.

Thanks

TF
  • #315,143
  • Oct 27, 2010 9:24pm Oct 27, 2010 9:24pm
Quoting cagriguler
long @1.3795 SL: 1.3760 TP:1.3840

Good night/day
go go go
  • #315,144
  • Oct 27, 2010 9:39pm Oct 27, 2010 9:39pm
Quoting To Be
it sounds interesting, i like it

what do you think is the target for the fifth wave?

i am asking because as i can see in your thought the first wave is almost equal to the third wave, which means the fifth wave will be the longest one, am i right?
the third wave is the longest with 212 pips wave 1 170 pips and wave 5 is almost the same as wave 1 with 165 pips thats if it will start from 1.3856 it could be a bit higer than that but i m looking for the end of wave 5 at 1,3695 which will be first leg of wave c wave a
  • #315,145
  • Oct 27, 2010 9:41pm Oct 27, 2010 9:41pm
Quoting pejoe
I use a car 12 v battery attached to a regular UPS unit with a simple charger. gives me up to seven hours of electricity during those annoying interruptions.
GREAT SOLUTION, HOERAY for the electrical wizards here !!
  • #315,146
  • Oct 27, 2010 9:53pm Oct 27, 2010 9:53pm
Quoting mercy seat
Sehr gut ... das bringt die Sache auf den Punkt!

Eins druff mit Mappe...

Well ... I do trade levels and limits ... and I never act before a certain specific calculated level has been reached ... master key is the daily range for me and a specific three day trend by trend potential calculation ...

I start with various limits at predefined levels and different leverage ... in order to adjust BE (fine tuning) mostly ...

Only sometimes ... I need to have some fun ... and try out funny crazy countertrend trades with various levelation modells...

Jaja ... but it is so easy to provide some grafical views ...

http://cdn.forexfactory.com/images/attach/png.gif

2010-10-28_04h19_ChartStation_EURUSD 060min _ 000.PNG (120.0 KB)


Strategy EUR/USD : long entry since 1.3765 ...

Potential : neutralized trend potential (+2) ...

Elliott : points down from 1.4080 area ... Projection 1.3731/ 21 or 1.3698 ... or extention wave 1.3669 ...

A rally should procede towards 1.3849/ 53 or even above 1.3889 in case of an extention ... while supports near 1.3751 or 1.3719 - 1.3709 (DPS-1) should provide prop up at first ...

Stop and reverse (tripple amount) below 1.3668; 1.3658; 1.3650/ 49 ...


das ist es jetzt erst mal ... mehr gibt es hier nicht


;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-28_04h19_ChartStation_EURUSD 060min _ 000.PNG Size: 120 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #315,147
  • Oct 27, 2010 9:53pm Oct 27, 2010 9:53pm
an example of using rsi at support and resistance pivots to confirm divergence
Attached Image (click to enlarge)
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  • #315,148
  • Oct 27, 2010 10:02pm Oct 27, 2010 10:02pm
Quoting mercy seat
Sehr gut ... das bringt die Sache auf den Punkt!

Eins druff mit Mappe...

Well ... I do trade levels and limits ... and I never act before a certain specific calculated level has been reached ... master key is the daily range for me and a specific three day trend by trend potential calculation ...

I start with various limits at predefined levels and different leverage ... in order to adjust BE (fine tuning) mostly ...

Only sometimes ... I need to have some fun ... and try out funny crazy countertrend trades with various levelation modells...



http://cdn.forexfactory.com/images/attach/pdf.gif

2010-10-28_01h30_ASIA DAILY FOREX OUTLOOK - Majors.pdf (14.9 KB)


ASIA DAILY FOREX OUTLOOK - Majors
28 Oct 2010, 01:30


SINGAPORE (Dow Jones)


EUR/USD - to trade with bearish bias. Undermined by prospects of smaller-than-forecast bond-buying program from U.S. Federal Reserve next week; higher investor risk aversion; renewed concerns over sovereign debt of several euro-zone nations after main Portugal's opposition party Social Democrats broke off talks on 2011 austerity budget, while Nov. 7 Greek elections loom. EUR/USD also weighed by EUR sales on weak EUR/GBP cross; but losses tempered by EUR demand from sovereign central banks. Data focus: 0800 GMT German October labor market statistics, 0810 GMT euro-zone October retail PMI, 0900 GMT euro-zone October business climate & economic sentiment indicators. EUR/USD daily chart negative-biased as MACD & stochastics bearish; 5-day moving average below 15-day and falling. Support at 1.3732 (yesterday's low); breach would expose downside to 1.3696 (Oct. 20 low), then 1.3635 (Oct. 5 low), 1.3558 (Sept. 30 low, matching 38.2% Fibonacci correction of 1.2584-1.4161 Aug. 24-Oct. 15 advance) and 1.3380 (Sept. 28 low, just above 50% correction). Resistance at 1.3852 (hourly chart), then at 1.3877 (yesterday's high); breach would temper near-term negative outlook, exposing upside to 1.3982 (Tuesday's high), then 1.4080 (Monday's high), 1.4161 (9-month high set Oct. 15) and 1.4197 (Jan. 25 high).


;-)
Attached File(s)
File Type: pdf 2010-10-28_01h30_ASIA DAILY FOREX OUTLOOK - Majors.pdf   15 KB | 335 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #315,149
  • Oct 27, 2010 10:03pm Oct 27, 2010 10:03pm
you got to know when to hold em. and know when to poke em.
those who can, do. those who cant, talk about those who can
  • #315,150
  • Oct 27, 2010 10:13pm Oct 27, 2010 10:13pm
Quoting Warwick


Mid-term exam at 4:00 ...... why o why do I have this innate feeling that I'm about to plunged without lubrication.

It's as if we pay money to get pillaged by these profs.

And plunged I was....
  • #315,151
  • Oct 27, 2010 10:16pm Oct 27, 2010 10:16pm
Quoting gatorinla
you got to know when to hold em. and know when to poke em.
the yellow circle at 1.37446 was my target. clean of anything, waiting.

how is the sentiment concerning the upcoming elections?
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  • #315,152
  • Oct 27, 2010 11:01pm Oct 27, 2010 11:01pm
Possible bearish butterfly forming.
Point D: 1.43
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  • #315,153
  • Oct 27, 2010 11:02pm Oct 27, 2010 11:02pm
G'day folks!

How's everything in this madhouse?
Not all sins are created equal
  • #315,154
  • Oct 27, 2010 11:13pm Oct 27, 2010 11:13pm
This area was difficult yesterday.....
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 21 KB
Look Sharp/Trade Tight
  • #315,155
  • Oct 27, 2010 11:16pm Oct 27, 2010 11:16pm
Quoting Jay Walker
G'day folks!

How's everything in this madhouse?

Howdy Jay - a little slow right now. I think we need to post up the milf from yesterday - seemed to help liven things up.
  • #315,156
  • Oct 27, 2010 11:17pm Oct 27, 2010 11:17pm
Quoting gatorinla
you got to know when to hold em. and know when to poke em.
Did you close all your shorts?
  • #315,157
  • Oct 27, 2010 11:25pm Oct 27, 2010 11:25pm
Quoting cagriguler
go go go

It appears it is holding @ 1.3827
  • #315,158
  • Oct 27, 2010 11:28pm Oct 27, 2010 11:28pm
Quoting Jay Walker
G'day folks!

How's everything in this madhouse?

hehehe......all is well in the world of FF. Now the spot FX market?......that's a different story.
  • #315,159
  • Oct 27, 2010 11:32pm Oct 27, 2010 11:32pm
i missed the gravy train..the yurrow... asia is buying hard.. lets wait for another opportunity
  • #315,160
  • Oct 27, 2010 11:36pm Oct 27, 2010 11:36pm
Quoting Pipwanderer
i missed the gravy train..the yurrow... asia is buying hard.. lets wait for another opportunity
the rise is based much more on short coverage than on buying. there are just 3 smaller impulses. the rest was on low vol.
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