EURUSD | Page 17486 | 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

  • #349,701
  • Dec 21, 2010 8:15am Dec 21, 2010 8:15am
Ok, time for me to leave the forum, I see waaaaaaaaaaay too much analysis going on.

Be back sometime next year fellas.
  • #349,702
  • Dec 21, 2010 8:16am Dec 21, 2010 8:16am
come on, break down the 50 already and continue. i got business to do.
  • #349,703
  • Dec 21, 2010 8:17am Dec 21, 2010 8:17am
Quoting Linus78
Volume Profile EURUSD M15

Have Fun!
Hi could you share this Volume profile indicator ? Thx.
  • #349,704
  • Dec 21, 2010 8:17am Dec 21, 2010 8:17am
Quoting Bluesman80
Hopefully, it will come back to the "normal" level... Anyway, it was an unexpected surprise...
EXACTLY WHAT I SAID...!

Let's hope the USD gets stronger, and TP at 1.3133
  • #349,705
  • Dec 21, 2010 8:20am Dec 21, 2010 8:20am
Quoting moneytrain
I was always told by savvy traders that news trading, well trading the initial spike, isn't the way to go. :
Let me explain some news trading stuff.

Well I usually trade NFP solely and I tend to completely ignore and remove s/l when there is an important news except NFP, ADP....

The price moves in the direction of the spike then tends to reverse. If I have any intraday position opened I remove S/L for that particular pair as spike surge my hit it.

Why would I do that. Usually when news effect settles, price tends to get back to technicals.

As for NFP, i trade it only in the direction of main trend by placing stop orders.

If the price spikes in opposite direction I cancel the trade.
  • #349,706
  • Dec 21, 2010 8:21am Dec 21, 2010 8:21am
Quoting Mr Hatch
come on, break down the 50 already and continue. i got business to do.
yes, im waiting @ 3230.. so boring...
  • #349,707
  • Dec 21, 2010 8:23am Dec 21, 2010 8:23am
Quoting T@rantula
Let me explain some news trading stuff.

Well I usually trade NFP solely and I tend to completely ignore and remove s/l when there is an important news except NFP, ADP....

The price moves in the direction of the spike then tends to reverse. If I have any intraday position opened I remove S/L for that particular pair as spike surge my hit it.

Why would I do that. Usually when news effect settles, price tends to get back to technicals.

As for NFP, i trade it only in the direction of main trend by placing stop orders.

If the price...
Correct Tarantula! I trade news retracements, but only news that's worth trading such as Bank Rates, NFP and the likes.
  • #349,708
  • Dec 21, 2010 8:26am Dec 21, 2010 8:26am
Quoting T@rantula
lol mate..so many TLs. Even Tarantula could get lost there
lol ! updated , some new more added.at least ranges little higher now .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #349,709
  • Dec 21, 2010 8:35am Dec 21, 2010 8:35am
Quoting fontu
lol ! updated , some new more added.at least ranges little higher now .
fontu
yea. a range within a range with possible targets

hehe nice
  • #349,710
  • Dec 21, 2010 8:37am Dec 21, 2010 8:37am
Quoting moneytrain
Correct Tarantula! I trade news retracements, but only news that's worth trading such as Bank Rates, NFP and the likes.
  • #349,711
  • Dec 21, 2010 8:40am Dec 21, 2010 8:40am
Quoting fontu
lol ! updated , some new more added.at least ranges little higher now .
fontu
Nice chart Fontu, as usual!! I seeprice rejected many times from 3170-90area. What's tehere? Yesterday's high, R1, low from last week, 61.8 blue fibo and the beautiful grey supply zone.
I think bulls have a complicated task going thriugh this level.
I have a bear bias, but I think the key this week is timing... check weekly chart...two candle in a row as doji. I don't expect a big move without a fast retracement going on this week.
Just my two cents, green pips to all!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 297 KB
  • #349,712
  • Dec 21, 2010 8:41am Dec 21, 2010 8:41am
Quoting Forexpro30
EUR/USD was at 1.3150 at 8:10 AM and then in one minute there was a spike to 1.3190

I just got back from breakfast and I checked my live news source and at 8:11 AM Moody's announced that "The Euro zone can contain increasing financial pressures and Policy makers in the region will restore Stability."

That is what moved the market. Do I see the trend changing now from down to up ?

That will depend on what the Dow and the US Bonds do.

I do not know what they will do but I now see Dow Futures are UP at 54 and EUR/JPY is at 110.07 with USD/JPY...
Thanx for posting such informative posts Forexpro30
What is your source for live news?
  • #349,713
  • Edited 8:50am Dec 21, 2010 8:45am | Edited 8:50am
Quoting moneytrain
I was always told by savvy traders that news trading, well trading the initial spike, isn't the way to go. Whatever news comes out, if it's trend changing news, we'll find out watching the charts. It's good to know fundamentals so that one can create a bias towards the currency then trade using technical information.

You don't have to be the most savvy fundamental trader in the world, there are a few trend changing events that occur quarterly. They don't occur daily, my advise to just keep up with the trend changing events and be aware of the...
I have nothing to sell to anyone here. I enjoy teaching and I find it helpful to keep a trading journal. I am a veteran of Forex forums and I know how to push buttons. If you saw my last post then you will see where I said please do not follow my trades for yourself since my news sources are instant as I have Audio as well as Text.

I get my information the same time as the Banks and other Big players.

I can see the Price Action then knowing where the technical points are.

Technical traders only figure it out after the charts move.

Let Me Try Once More To Explain it with my NOT speaking DOWN to you.

My Method works 100%

My RESULTS prove it 100%

I trade real funds. Now this post is NOT about ME.

What I now tell you with 100% certainty is that the MONEY FLOW ALWAYS will determine the direction of the charts.

Therefore by understanding and following the money flow I have an EDGE over 90% to 95% of the FX traders I am in competition with.

Of course when there is INTERVENTION there is NO NEWS source to report it.

That is WHY without Risk Management in Place you and others will eventually lose your money.

I once lost over $100,000 US Dollars during September and October 2008 when I did not use Proper Risk Management.

I had on too many positions of EUR/USD long at over 1.5000 and I watched it test 1.2500 having it touch it's all time high over 1.6000 earlier before the meltdown.

Once you lose $100,000 you either leave the business or you learn from your mistakes and become a better trader.

I have a maximum Stop Loss of 100 PIPS no matter what.

I win over 50% of all my trades. I never trade more than 20% of the funds that I trade with.

I always use Stop Loss. I only enter if there is a Good Trade Plan.

GUESS WHAT ?

EUR/USD below 1.3150 and EUR/JPY brole 110.00 and just like yesterday EUR/USD is heading down with Dow up about 30

Have a good day
  • #349,714
  • Dec 21, 2010 8:48am Dec 21, 2010 8:48am
Quoting Forexbiz
For longer trend traders I still have the same analysis from this previous post
currently up 550 pips...stay tuned and lets see what happens
price trying to break lower, an open and close below 3123 may push pair lower
Attached Image (click to enlarge)
Click to Enlarge Name: 12_21_10.gif Size: 19 KB
"Your Best trade is a loss with minimum risk"
  • #349,715
  • Dec 21, 2010 8:48am Dec 21, 2010 8:48am
Scalping long @ 1.3144

M5:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0109.png Size: 32 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #349,716
  • Dec 21, 2010 8:49am Dec 21, 2010 8:49am
is it old-fashioned to write a text with passages?
  • #349,717
  • Dec 21, 2010 8:52am Dec 21, 2010 8:52am
Quoting T@rantula
Let me explain some news trading stuff.

Well I usually trade NFP solely and I tend to completely ignore and remove s/l when there is an important news except NFP, ADP....

The price moves in the direction of the spike then tends to reverse. If I have any intraday position opened I remove S/L for that particular pair as spike surge my hit it.

Why would I do that. Usually when news effect settles, price tends to get back to technicals.

As for NFP, i trade it only in the direction of main trend by placing stop orders.

If the price...

Hi T@rantula,

same here. Everytime I set a stop I was kicked out (even with abnormal far away SL) only to watch seconds later price to come back and go with the prevailing trend.

I use to a great part Elliott Wave, and according to Prechter and other Elliotticans news does not matter. He has a lot of nice examples, where one and the same news was used to justify falling and next time rising prices. Maybe I can dig his examples out........

Best to you,

Markus
  • #349,718
  • Dec 21, 2010 8:53am Dec 21, 2010 8:53am
Quoting USD-Bear
Scalping long @ 1.3144

M5:
Attachment
well done :-)
  • #349,719
  • Dec 21, 2010 8:55am Dec 21, 2010 8:55am
This may be all we get for the day
  • #349,720
  • Dec 21, 2010 8:56am Dec 21, 2010 8:56am
Quoting T@rantula
Well guys, im a little bit late. I was monitoring PA during late Asia and just before London open I shorted 3190.

My targets are 3160-3150 ( already hit)

3120

3090.

Now.... If we close this H4 candle below 3190 .... we could easily see 3030 level tested.

My intraday bias is bearish...thats why Im short. Although we might see 3190 levels tested. London noon is the key ( watch H4 chart)
Quoting Forexpro30
EUR/USD below 1.3150 and EUR/JPY brole 110.00 and just like yesterday EUR/USD is heading down with Dow up about 30

Have a good day
we are on a same boat
3,018 traders viewing now