EURUSD | Page 15896 | 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

  • #317,901
  • Nov 2, 2010 7:59am Nov 2, 2010 7:59am
Quoting nebuman213
Moving Averages
30 50 100 but sometimes TLs are enough. Moving Averages show a trend direction and serve as a good dynamic s/r levels.
  • #317,902
  • Nov 2, 2010 8:00am Nov 2, 2010 8:00am
Seems like 4026/29 trying to turn into some resistance...support below 4008/10, which we blew thru like cheese...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 17 KB
Look Sharp/Trade Tight
  • #317,903
  • Nov 2, 2010 8:01am Nov 2, 2010 8:01am
Quoting FibbinArchie
Moving Averages... for some reason I thought you used them for trend identification...
Aw yes, I have used it, and I still use it for some crosses. 30 50 100 they are simple MA.

On Black Widow AMA is used.
  • #317,904
  • Nov 2, 2010 8:01am Nov 2, 2010 8:01am
Quoting FibbinArchie
Moving Averages... for some reason I thought you used them for trend identification...
The easiest way to identify a trend is pull up a chart. If price started on the bottom left, and currently is on the top right, the trend is up. And vice versa. MAs tend to handicap IMHO ;-)
  • #317,905
  • Nov 2, 2010 8:03am Nov 2, 2010 8:03am
Quoting T@rantula
Aw yes, I have used it, and I still use it for some crosses. 30 50 100 they are simple MA.

On Black Widow AMA is used.
Thanks... I've been using 15 exponential 50, 100, and 200 simple, but 200 is pretty redundant for short-term...
  • #317,906
  • Nov 2, 2010 8:04am Nov 2, 2010 8:04am
When watching 1 day and 4H charts, should I remind traders, that in a bullish market one is supposed to be long, and in a bearish market one is supposed to be short.
I know it's obvious, BUT, how many of you are just doing the opposite and ending with an account that is bleeding money fast ?


With some 60% of Oanda's traders positions being shorts, no wonder why we'll continue to go higher. People are fighting the trend, fuelling it when they cover or are margin called...

Just some food for reflection...
Attached Image (click to enlarge)
Click to Enlarge Name: pr_lsr_merged.png Size: 5 KB
Getting it right is NOT as important as not getting it wrong.
  • #317,907
  • Nov 2, 2010 8:04am Nov 2, 2010 8:04am
Quoting FibbinArchie
Thanks... I've been using 15 exponential 50, 100, and 200 simple, but 200 is pretty redundant for short-term...
yes. 100 is enough as if the PA gets near sma 100, i will consider it a possible trend change and I will stop out the trade.
  • #317,908
  • Nov 2, 2010 8:05am Nov 2, 2010 8:05am
Here is your range, the rest is noise.

50 pips wide.

Attached Image (click to enlarge)
Click to Enlarge Name: 10.gif Size: 17 KB


Support (1.3086)

Resistance (1.4044)

Its not right to the pip, but close. Good luck and give your trade some chance to breathe.

This move is just being led by NZD strength it looks like . The /DX is not convincing enough. (Watch 76.97)
  • #317,909
  • Nov 2, 2010 8:05am Nov 2, 2010 8:05am
Quoting nebuman213
The easiest way to identify a trend is pull up a chart. If price started on the bottom left, and currently is on the top right, the trend is up. And vice versa. MAs tend to handicap IMHO ;-)
Ha ha, yeah I think I saw that on J16, the common sense approach to trend Identification... MA's can work fantastically as dynamic S&R tho'
  • #317,910
  • Nov 2, 2010 8:05am Nov 2, 2010 8:05am
Watching price action closely since GMT2400 today ... it has been moving in hiccups ... 70% of the time market is sulking and then bam ... shoots up all of a sudden. Since price is moving against conflicting set ups constantly ... nothing is support or resistance atm. If it stays up until 1.4067 ... that might make some sense ... but above that ... it is a totally different ball game.
  • #317,911
  • Nov 2, 2010 8:06am Nov 2, 2010 8:06am
Quoting cloggie
Heck no, loving it over here all yobs included.
Congrats on your successful trades.

Were do you post the losers or dont you have losers buddy lol.

I think posting every successful trade and gloating is a sign of weakness .
It says to me "great a winner quick let me post it i cant wait to show the newbs how great i am"

As long as it bring you happiness rubbing peoples nose in it ( poor conchy)

Just saying what i see and being direct like you embrace buddy.

If we were all as direct and insulting as you are this would be a crappy place to be .

Every post includes a negative comment .why? what do you gain from this? beats me .
making green pips large and red pips small this is my goal.
  • #317,912
  • Nov 2, 2010 8:06am Nov 2, 2010 8:06am
Triangle and RSI broke through which I think it is needed for a decent bear setup. Let's see how far but if I get a decent divergence and price spikes up to the upper red line at 4105/10, I'll short there. We might see some bigger shorts at that level.


Attached Image (click to enlarge)
Click to Enlarge Name: eunov2b.gif Size: 28 KB
  • #317,913
  • Nov 2, 2010 8:06am Nov 2, 2010 8:06am
Quoting nebuman213
The easiest way to identify a trend is pull up a chart. If price started on the bottom left, and currently is on the top right, the trend is up. And vice versa. MAs tend to handicap IMHO ;-)
Swings have always and will always be the best way to identify trends. 30 50 100 sma is also pretty convenient for some crosses.

If u use a system, i would recommend AMA.
  • #317,914
  • Nov 2, 2010 8:07am Nov 2, 2010 8:07am
Quoting T@rantula
yes. 100 is enough as if the PA gets near sma 100, i will consider it a possible trend change and I will stop out the trade.
Will try it out, cheers T...
  • #317,915
  • Nov 2, 2010 8:08am Nov 2, 2010 8:08am
Quoting FibbinArchie
Will try it out, cheers T...
  • #317,916
  • Nov 2, 2010 8:13am Nov 2, 2010 8:13am
Quoting T@rantula
Swings have always and will always be the best way to identify trends. 30 50 100 sma is also pretty convenient for some crosses.

If u use a system, i would recommend AMA.
I trade 100% price action and don't use any indicators or grid lines on my chart. A nude candlestick chart is all I need =) ...of course a simple trend line or horizontal line at psych levels is helpful in some cases.
  • #317,917
  • Nov 2, 2010 8:14am Nov 2, 2010 8:14am
Quoting fxswing

Just some food for reflection...
When I started trading futures an old timer once told me to never go home short a market on contract highs. When I asked him why, he pointed out to me that almost all the open shorts were loosers. Once I thought about it I have to say it made enourmous sense to me....
Look Sharp/Trade Tight
  • #317,918
  • Nov 2, 2010 8:17am Nov 2, 2010 8:17am
This is what I see.... Test ot channel's UTL along with R1.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 303 KB
  • #317,919
  • Nov 2, 2010 8:17am Nov 2, 2010 8:17am
Point of interest, we appear to have stalled at 161.8% FE of the up swing initiated at London open...

PS. may be a temporary stall...
  • #317,920
  • Nov 2, 2010 8:20am Nov 2, 2010 8:20am
Quoting nebuman213
I trade 100% price action and don't use any indicators or grid lines on my chart. A nude candlestick chart is all I need =) ...of course a simple trend line or horizontal line at psych levels is helpful in some cases.
How do u spot confluence? What is the basic aspect of PA trading?
1,466 traders viewing now