EURUSD | Page 17403 | 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

  • #348,041
  • Dec 17, 2010 5:55am Dec 17, 2010 5:55am
Thus, my lords, that was it for me this week. The week was very small profit OK. This day was a great crap.
I'll read it again next week. Now I'm going to buy a Christmas tree. I can afford on gains of the week.
Until later ...
If you now the Way out -- please tell me
  • #348,042
  • Dec 17, 2010 5:55am Dec 17, 2010 5:55am
Quoting infinitus
Hi Jonnyrei,

out of Elliott wave sight I am inclined to say, that this recent move down is only a bounce. The move up this morning went very high, so that immediate bearish scenarios were invalidated.

Judging from the structure of the recent down move I can count 2x 7 waves down. 7 waves are corrective. Now we have round about 62% of the upmove retraced. It may go up now.

The whole sideways movement of the last days is lacking clearly impulsive moves. It is easier to count threes. Therefore I have labeled the moves wxy.
That means, I do...

Great! Thank you!
  • #348,043
  • Dec 17, 2010 5:55am Dec 17, 2010 5:55am
Quoting PipChick
Good morning goods. Congrats on your trade

Hi pips how are you... Good morning to you my friend. Thanks I closed the ones from yesterday morning for nice profit, Just opened a long at 3250 earlier we will see where it goes.

Whats going on with you.
Know when to hold em, Know when to fold em!
  • #348,044
  • Dec 17, 2010 5:57am Dec 17, 2010 5:57am
oh 1.3336 hold it on eur -- im anyway flat -
  • #348,045
  • Dec 17, 2010 5:58am Dec 17, 2010 5:58am
Quoting goods
Hi pips how are you... Good morning to you my friend. Thanks I closed the ones from yesterday morning for nice profit, Just opened a long at 3250 earlier we will see where it goes.

Whats going on with you.
Just got here today. Late start I will need to see an h1 close before I enter.
  • #348,046
  • Dec 17, 2010 5:59am Dec 17, 2010 5:59am
Quoting infinitus
Hi Jonnyrei,

out of Elliott wave sight I am inclined to say, that this recent move down is only a bounce. The move up this morning went very high, so that immediate bearish scenarios were invalidated.

Judging from the structure of the recent down move I can count 2x 7 waves down. 7 waves are corrective. Now we have round about 62% of the upmove retraced. It may go up now.

The whole sideways movement of the last days is lacking clearly impulsive moves. It is easier to count threes. Therefore I have labeled the moves wxy.
That means, I do not...
You understand about Elliot waves and trend lines and candles and all of the technical indicators.

How do these indicators know what will happen in the World in the next 6 hours ?

They don't therefore how can the events be factored into the charts ?

The charts are about patterns and human nature not about future events.

Do you know why EUR/USD just moved to 1.3265 ?

The Dow Futures are PLUS 4 now. If they go to Plus 50 before the open and I have NO IDEA what they will do BUT if they do EUR/USD will most likely move to 1.3280 or higher.

Watch what happens a few minutes before 9:00 AM

Watch what happens 10 minutes after the markets open.

What happens at 10:00 AM if the is a Ten Billion Option Expiry at 1.3300 ?

These items affect the markets instantly.

Just watch the money flow with an open mind. If you are winning in Forex using your method stick with it. We all need the method suited to our personality.

Thanks for your post. I also have a open mind and always want to keep learning about technicals which form part of my trading fundamentals since I want to see what the PRESENT market perception is so that when a NEW important FUNDAMENTAL fact comes out I can see if they change the market PERCEPTIONS.

IFO was strong and EUR/USD sold off however how EUR/USD reacts to the news is also a fundamental fact. There were also other factors lile Resistance at 1.3360 My high shows as 1.33598

Have a good trading day. Your comments and thoughts would be appreciated.
  • #348,047
  • Dec 17, 2010 6:02am Dec 17, 2010 6:02am
Quoting Forexpro30
... One asset class changing affects another.

If the Dow were to go down over 100 today the chances are good that EUR/USD will test 1.3200.

Why ? The money flow however there sometimes are cross currents all occuring at the same time. When the 2 Year US Bonds and 10 Year US Bonds sell off then the money has to flow somewhere. They usually flow into Gold and Oil and other currencies HOWEVER what happens if Moody just downgraded Spain so now the Euro is out of favor.
Thx for the response.

The key of course is "should" or "usually" ... EURUSD did 200 pips down on Wednesday I believe, while equities were up or flat; similar performance happened on Monday as well, so as you said correlation isn't a given, and, it's not always "during" that one can tie a specific bond or news issue as what's driving PA.

Nonetheless, I think I better understand your mode of operation, and will say that I have evolved to that mode of operation as well, with perhaps more of an accent on chart PA, with VSA.

Kudos for undertaking this here - as you said, it is not easy, and few people make the effort. You're brave undertaking it in this thread ... !

Ashraf's book is great for understanding this stuff - I plan to read it many more times. Not sure if you've read the commentaries by the LFB folks here - they espouse the view and perspective that you discuss - I find them a great way to get a view into sentiment & what's driving moves. Their intermittent videos they post there are fantastic too.
  • #348,048
  • Dec 17, 2010 6:03am Dec 17, 2010 6:03am
Quoting goods
Hi pips how are you... Good morning to you my friend. Thanks I closed the ones from yesterday morning for nice profit, Just opened a long at 3250 earlier we will see where it goes.

Whats going on with you.
The cci 31 broke below the 0 line so I will wait and see what the next 5-15 min presents.
  • #348,049
  • Dec 17, 2010 6:06am Dec 17, 2010 6:06am
Quoting PipChick
Just got here today. Late start I will need to see an h1 close before I enter.

SOunds good here is an M15 chart for you.
Attached Image (click to enlarge)
Click to Enlarge Name: eum15.gif Size: 29 KB
Know when to hold em, Know when to fold em!
  • #348,050
  • Dec 17, 2010 6:06am Dec 17, 2010 6:06am
Quoting goods
Did anyone else here buy euros' with me at 3250?


Target 3330 tp

Yep, but only up to 3275, then I have to see.....
  • #348,051
  • Dec 17, 2010 6:06am Dec 17, 2010 6:06am
Quoting Forexpro30
You understand about Elliot waves and trend lines and candles and all of the technical indicators.

How do these indicators know what will happen in the World in the next 6 hours ?

They don't therefore how can the events be factored into the charts ?

The charts are about patterns and human nature not about future events.

Do you know why EUR/USD just moved to 1.3265 ?

The Dow Futures are PLUS 4 now. If they go to Plus 50 before the open and I have NO IDEA what they will do BUT if they do EUR/USD will most likely move to 1.3280...
The first guy on here that makes sense. Fundamentals move the market, enter the market from a technical stand point of view if you'd like.

This is the main reason why I scalp, I wait for the movement to happen then I go along with the flow of things. Position traders are always in position to lose. The percentages are just not in their favor.
  • #348,052
  • Dec 17, 2010 6:07am Dec 17, 2010 6:07am
Quoting moneytrain
The first guy on here that makes sense. Fundamentals move the market, enter the market from a technical stand point of view if you'd like.

This is the main reason why I scalp, I wait for the movement to happen then I go along with the flow of things. Position traders are always in position to lose. The percentages are just not in their favor.

I use technicals to get into a fundamental move.
Know when to hold em, Know when to fold em!
  • #348,053
  • Dec 17, 2010 6:08am Dec 17, 2010 6:08am
Quoting goods
SOunds good here is an M15 chart for you.
See if that TL holds but I am looking at the DX and it is strong so I may have to go short for a few pips if the m15 closes below 3242
  • #348,054
  • Dec 17, 2010 6:08am Dec 17, 2010 6:08am
Quoting Forexpro30
Thank you for your post also. I would like to explain that for me fundamentals is more than just the news. It is price action, technicals and most important of all, THE FLOW OF FUNDS in and out of Asset Classes.
Quoting iflyjetzzz
Yeah, I understand all of that. Based on what you're seeing, how do you expect US equities to act today? Up or down? I can currently make a case for both but I haven't been watching where max pain is for OpEx.
Based on that, I'll anticipate an opposite move in the EURUSD but not trade it yet.
Forexpro30, it appears that you're long on questions and short on answers. Please answer my question - based on your opinion, where do you see US equities going today? Up or down? That's a binary question; no need for pontificating.
  • #348,055
  • Dec 17, 2010 6:08am Dec 17, 2010 6:08am
Quoting infinitus
Yep, but only up to 3275, then I have to see.....
down she goes.......
  • #348,056
  • Dec 17, 2010 6:09am Dec 17, 2010 6:09am
Quoting PipChick
See if that TL holds but I am looking at the DX and it is strong so I may have to go short for a few pips if the m15 closes below 3242

Thant didnt work out.

I got stopped out. OH well I am done for the day I know my limits,
Know when to hold em, Know when to fold em!
  • #348,057
  • Dec 17, 2010 6:12am Dec 17, 2010 6:12am
Quoting goods
Thant didnt work out.

I got stopped out. OH well I am done for the day I know my limits,
Yes, I went short because of that CCI and trhe strong DX. Even tho an abc set up was there, the DX is extremely strong. Support at 3223 then 3203.
  • #348,058
  • Dec 17, 2010 6:12am Dec 17, 2010 6:12am
Quoting goods
Did anyone else here buy euros' with me at 3250?


Target 3330 tp
Letting the shorts ride towards 32100, then out till New Year (probably hahaha)
  • #348,059
  • Dec 17, 2010 6:14am Dec 17, 2010 6:14am
Quoting Beljevina
Thx for the response.

The key of course is "should" or "usually" ... EURUSD did 200 pips down on Wednesday I believe, while equities were up or flat; similar performance happened on Monday as well, so as you said correlation isn't a given, and, it's not always "during" that one can tie a specific bond or news issue as what's driving PA.

Nonetheless, I think I better understand your mode of operation, and will say that I have evolved to that mode of operation as well, with perhaps more of an accent on chart PA, with VSA.

Kudos for undertaking...
Your comment about brave makes me laugh since I know exactly what you mean. I very much like your attitude and approach. Thanks for the links and I look forward to your future posts and comments. I follow very good information sources and each day I get hundred's of email with information which I read and get my own consensus. I am a contrarian and I decide for myself what each bit of data means. The talking heads on CNBC guess 50% of the time. Most were knocking Gold from $250 to $1400

Look at EUR/USD now at 1.3235

The Futures are still up however look at Yields now ?

I see USD/JPY over 84.06 and EUR/JPY is now at 111.20

Do you know that usually as EUR/JPY goes down it brings EUR/USD down.

This because of USD/JPY as there is correlation there.

Look at the US Dollar Index as well. The markets open soon. The cash Yielda are going up meaning the US Bonds are being bought and money leaves to go into US cash to buy the US Bonds and US Dollar Index goes up.
  • #348,060
  • Dec 17, 2010 6:14am Dec 17, 2010 6:14am
Quoting goods
I use technicals to get into a fundamental move.
Definitely! I don't see it any other way.
550 traders viewing now, 1 is registered:
tehboy