EURUSD | Page 18139 | 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

  • #362,761
  • Jan 11, 2011 8:11pm Jan 11, 2011 8:11pm
Quoting Robert99
Hello everyone. I have a question concerning technicals and the opening and closing of candlesticks. On a 15 minute or 30 minute or 1 hour candlestick can someone explain the opening and closing process?

Thank you for you assistance.
Thanks I guess because my posts are delayed it is harder to get a reply. I will try again.


Thanks...
  • #362,762
  • Jan 11, 2011 8:12pm Jan 11, 2011 8:12pm
Quoting vlady1974
Hmmm... uncharted territory for me.

I've scalped my way to 1.3000 and was flat. And now that my account balance is allowing me 2 lots to play with (@ £0.50 per pip)... I am going to do something risky... mainly cos I've not had such a long string of wins that I'm kinda skeptical of what I've learned and even what I've achieved. Oh well, here goes.

LONG @ 1.3008, Target 1: 1.30615. possibly Thu or Friday.
Overall Objective: 1.31836 (1HOUR) estimated time 4-5 trading days
whistling... where's your sl? why don't you wait for the retracement into euro-sessions and so on?
  • #362,763
  • Jan 11, 2011 8:13pm Jan 11, 2011 8:13pm
"UBS has enetred short at 1.2900 with stop at 1.3150 and take profit at 1.2450"

I continue to be dumbfounded by some of the content of these news feeds. Unless that was a public filing, or a managed fund, and the source was an investor, reports like this have to really suspect.

The terms and conditions of positions in a bank's prop books fall under the trade secrets clauses in everyone's employment contracts. If an operational risk officer finds his real book being shown in the press, they're going to ferret out where its coming from and the result will be quick and certain.

So there is no motivation for the insiders to tell the truth to anyone outside, and a strong motivation to lie about it if a reporter asks and they don't want appear to be a hard-ass.
  • #362,764
  • Jan 11, 2011 8:14pm Jan 11, 2011 8:14pm
Quoting vlady1974
Hmmm... uncharted territory for me.

I've scalped my way to 1.3000 and was flat. And now that my account balance is allowing me 2 lots to play with (@ £0.50 per pip)... I am going to do something risky... mainly cos I've not had such a long string of wins that I'm kinda skeptical of what I've learned and even what I've achieved. Oh well, here goes.

LONG @ 1.3008, Target 1: 1.30615. possibly Thu or Friday.
Overall Objective: 1.31836 (1HOUR) estimated time 4-5 trading days
reminds me of my first loss... i had a silly number of straisht wins without even one loss, than i went risky and lost everything i gained ...

but you might be right and you might hit target 1 sooner than you think... good luck

i have had enough for tonight. good night everyone
  • #362,765
  • Jan 11, 2011 8:15pm Jan 11, 2011 8:15pm
Quoting vlady1974
Hmmm... uncharted territory for me.

I've scalped my way to 1.3000 and was flat. And now that my account balance is allowing me 2 lots to play with (@ £0.50 per pip)... I am going to do something risky... mainly cos I've not had such a long string of wins that I'm kinda skeptical of what I've learned and even what I've achieved. Oh well, here goes.

LONG @ 1.3008, Target 1: 1.30615. possibly Thu or Friday.
Overall Objective: 1.31836 (1HOUR) estimated time 4-5 trading days

Do not rush your trade. See if it breaks 1.3022 FIRST.

Just my opinion. It is your call.
  • #362,766
  • Jan 11, 2011 8:16pm Jan 11, 2011 8:16pm
Quoting vlady1974
Hmmm... uncharted territory for me.

I've scalped my way to 1.3000 and was flat. And now that my account balance is allowing me 2 lots to play with (@ £0.50 per pip)... I am going to do something risky... mainly cos I've not had such a long string of wins that I'm kinda skeptical of what I've learned and even what I've achieved. Oh well, here goes.

LONG @ 1.3008, Target 1: 1.30615. possibly Thu or Friday.
Overall Objective: 1.31836 (1HOUR) estimated time 4-5 trading days
going down like a king I suppose ...

Inserted Video
  • #362,767
  • Jan 11, 2011 8:16pm Jan 11, 2011 8:16pm
Quoting vlady1974
Hmmm... uncharted territory for me.

I've scalped my way to 1.3000 and was flat. And now that my account balance is allowing me 2 lots to play with (@ £0.50 per pip)... I am going to do something risky... mainly cos I've not had such a long string of wins that I'm kinda skeptical of what I've learned and even what I've achieved. Oh well, here goes.

LONG @ 1.3008, Target 1: 1.30615. possibly Thu or Friday.
Overall Objective: 1.31836 (1HOUR) estimated time 4-5 trading days
Money management is key my friend.

You could also close it now for a nice scalp.
Don't Panic. Stay With You're Group.
  • #362,768
  • Jan 11, 2011 8:17pm Jan 11, 2011 8:17pm
"China Ambassador to the U.S. says Yuan gains won't solve U.S. trade deficit"


I suppose those are fight'n words ...
  • #362,769
  • Jan 11, 2011 8:21pm Jan 11, 2011 8:21pm
Quoting OldQuant
"UBS has enetred short at 1.2900 with stop at 1.3150 and take profit at 1.2450"

I continue to be dumbfounded by some of the content of these news feeds. s.
I know, right? As if.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #362,770
  • Jan 11, 2011 8:23pm Jan 11, 2011 8:23pm
Quoting vlady1974
Hmmm... uncharted territory for me.

I've scalped my way to 1.3000 and was flat. And now that my account balance is allowing me 2 lots to play with (@ £0.50 per pip)... I am going to do something risky... mainly cos I've not had such a long string of wins that I'm kinda skeptical of what I've learned and even what I've achieved. Oh well, here goes.

LONG @ 1.3008, Target 1: 1.30615. possibly Thu or Friday.
Overall Objective: 1.31836 (1HOUR) estimated time 4-5 trading days
im long since 1.2900 with trailing stop as mentioned yesterday, still pretty sceptical about tomorrow price action as data coming out, here targeting 1.3065 as is a big resistance zone, tomorrow data could set a trend for this pair.

Still technically looking pretty good for targeting mid 1.31 if we pass out 1.3065 without disturbance.
  • #362,771
  • Jan 11, 2011 8:25pm Jan 11, 2011 8:25pm
http://finance.yahoo.com/news/Portug...89623.html?x=0


"The government is doing its job and is doing it well," Socrates told a news conference. "I'd like to stress again that ... Portugal won't request any financial help for the simple reason that it doesn't need it."

I am secure enough in my masculinity to say, damn, this Joe Socrates is a hella good-lookin dude.

And why don't Germany and France just get offa Portugal's tits already? If they don't want a bailout they don't have to take one.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #362,772
  • Jan 11, 2011 8:31pm Jan 11, 2011 8:31pm
Quoting mikej2010
"China Ambassador to the U.S. says Yuan gains won't solve U.S. trade deficit"


I suppose those are fight'n words ...
last i heard they were talking about putting the yuan on a exchange to be traded. maybe coming soon to a broker near you.
those who can, do. those who cant, talk about those who can
  • #362,773
  • Jan 11, 2011 8:32pm Jan 11, 2011 8:32pm
Quoting MindfulOne
Money management is key my friend.

You could also close it now for a nice scalp.
Thanks Mindful... always good advice.

I know the post looked ridiculous. It was designed to. Mainly for me... to get me out of my comfort zone. I've learned from some of the better (but nonetheless controversial) traders here that EURUSD moves in 20 pips. This alone was priceless to me. It took me a good month of losses and wins before I got some consistency. But with one problem.... I was always just scalping 20pips. I could never do these +40, +60 +80 moves.... heck, I'd have a heart attack to get +100.

Where's my stop loss? Right here. Me.
Thankfully I now have a job where the terminal is right there. I've only been caught out once. So that's not the issue. I can manage that. My tolerance is +/- 10 pips. The key as I've observed is to the placement of the orders, which in many respects is what I can only describe as timing of your observations. In this case, Price Action against Murrey Math Levels... and as has been pointed out to me in the last 2 months good knowledge of major fundamentals. I still throw in the other indies just to give myself confidence, but these are my main tools.

So. My post, is to kick me out of my comfort zone. Could I take profit just before I go to bed? Perhaps... but writing this post and putting my prediction publicly has shaken the shit out of me which makes me want to study harder etc etc. That's why I did it...... in Asian session with hardly anyone on!

BTW I plan to close half the position at 3023.4 (not +20 pips but good enough). Thanks for listening.
A pip is only worth it if you know how much you risked to earn it
  • #362,774
  • Jan 11, 2011 8:33pm Jan 11, 2011 8:33pm
forexlive gives many false trades from banks. if banks and institutions running forex market, why they use a stop loss?
totutu
  • #362,775
  • Edited 9:08pm Jan 11, 2011 8:36pm | Edited 9:08pm
Quoting gatorinla
last i heard they were talking about putting the yuan on a exchange to be traded. maybe coming soon to a broker near you.
yes because the yuan on the market equates to all disputes being resolved in regards to the value of the yuan.

Especially the dispute of China undervaluing their currency and replying to the U.S. accusations of that by saying "your trade deficient problems aren't caused by our yuan being 'undervalued'"

I guess if it isn't a 10v+ public opinionated thought, it can't be true!

/win
  • #362,776
  • Jan 11, 2011 8:40pm Jan 11, 2011 8:40pm
Quoting vlady1974
Thanks Mindful... always good advice.

I know the post looked ridiculous. It was designed to. Mainly for me... to get me out of my comfort zone. I've learned from some of the better (but nonetheless controversial) traders here that EURUSD moves in 20 pips. This alone was priceless to me. It took me a good month of losses and wins before I got some consistency. But with one problem.... I was always just scalping 20pips. I could never do these +40, +60 +80 moves.... heck, I'd have a heart attack to get +100.

Where's my stop loss? Right here. Me.
Thankfully...
That's cool man, well thought out and humble too. For me one of the biggest assets of this board is to be able to type a post knowing people will at least understand wtf I'm talking about and get some feedback in return.
Don't Panic. Stay With You're Group.
  • #362,777
  • Jan 11, 2011 8:43pm Jan 11, 2011 8:43pm
i think i will pass on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 22 KB
  • #362,778
  • Jan 11, 2011 8:45pm Jan 11, 2011 8:45pm
Quoting mikej2010
yes because the yuan on the market equates to all disputes being resolved in regards to the value of the yuan.

Especially the dispute of China undervaluing their currency and replying to the U.S. accusations of that by saying "your trade deficient problems aren't caused by our yuan being 'undervalued'"

I guess if it isn't a 10v+ public opinionated thought, it can't be true!

/win
IMO the Yuan will quickly become a bubble and overvalued because so many nations and individuals will want to own some. That will be very bad for China, at least right now.

If USDYUA shows up in my market watch window I'd trade it.
Don't Panic. Stay With You're Group.
  • #362,779
  • Jan 11, 2011 8:45pm Jan 11, 2011 8:45pm
Thanks for all the feedback guys.

I've set a stop loss at 1.2995 :-D
Going to bed with an open order... i'm pumped and wonder if i'll sleep.
If I'm wrong, I'll just long a retrace, but that 318X is still on for me at this stage

Have a good asian session.

See you all for London.... gonna be an interesting day.
A pip is only worth it if you know how much you risked to earn it
  • #362,780
  • Jan 11, 2011 8:55pm Jan 11, 2011 8:55pm
my inverse h&s posted earlier could be working out... here's an area of interest above i'm watching
Attached Image (click to enlarge)
Click to Enlarge Name: 11jan11euro.jpg Size: 198 KB
Don't have an ego. Always question yourself and your ability.
3,025 traders viewing now