EURUSD | Page 18968 | 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

  • #379,341
  • Feb 3, 2011 3:53pm Feb 3, 2011 3:53pm
Quoting SirMcPip
The problem is not that you traded against this noise, the problem is you overleveraged and the daily would have shown you that a little correction is due..see chart attached. There is no way, that we have a bearish trend in 2011...NO WAY! What you see now is pure noise, its that simple.
?

how do u wanna know what will happen this year ? next month? next week? even tomorrow ?
Hero calls followed by margin calls...
  • #379,342
  • Feb 3, 2011 3:53pm Feb 3, 2011 3:53pm
Nothing gets past ak4x. Fact.
Look Sharp/Trade Tight
  • #379,343
  • Feb 3, 2011 3:54pm Feb 3, 2011 3:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: euf.jpg Size: 57 KB
  • #379,344
  • Feb 3, 2011 3:55pm Feb 3, 2011 3:55pm
Quoting PhAnTi'
?

how do u wanna know what will happen this year ? next month? next week? even tomorrow ?
i dont look for my info on fxstreet, that simple .
  • #379,345
  • Feb 3, 2011 3:56pm Feb 3, 2011 3:56pm
Quoting SirMcPip
i dont look for my info on fxstreet, that simple .
No.
Thing is you CANT know.

Nobody can.

over and out.
please dont reply to this.

u lost.
Hero calls followed by margin calls...
  • #379,346
  • Feb 3, 2011 3:57pm Feb 3, 2011 3:57pm
good night.
Hero calls followed by margin calls...
  • #379,347
  • Feb 3, 2011 3:58pm Feb 3, 2011 3:58pm
Quoting PhAnTi'
No.
Thing is you CANT know.

Nobody can.

over and out.
please dont reply to this.

u lost.
you won...good trades my friend.
  • #379,348
  • Feb 3, 2011 4:00pm Feb 3, 2011 4:00pm
Quoting Mr Hatch
thanks a lot, markus. that helps.

the range more or less is in the course of formation atm... tomorrow is nfp, so price may get pumped, if the bear let's them do it.
Ideal scenario would be:

pre NFP price goes down for wave 5, then at NFP up for a big wave two. We see the usual games with spike up and down and up, which would lead to the necessary ABC zigzag. Then down for a mighty wave three LOL

No, I think the following wave 2 will last a few days. At least 1 or 2 days. We will see.

Since we are now in a big wave 3 down I do not expect corrections to be extensively deep. The power of a three should keep the corrections more flat. In theory.

We will see......
  • #379,349
  • Feb 3, 2011 4:04pm Feb 3, 2011 4:04pm
Quoting johnnyarnold
The real issue is NFP. If not we could sell retraces blindly. But not today.
sorry for late reply, was doing some other stuff.
i just trade what i see.

maybe more likely scenario...
Attached Image (click to enlarge)
Click to Enlarge Name: forex621_2.gif Size: 27 KB
  • #379,350
  • Feb 3, 2011 4:09pm Feb 3, 2011 4:09pm
Quoting infinitus
Ideal scenario would be:

pre NFP price goes down for wave 5, then at NFP up for a big wave two. We see the usual games with spike up and down and up, which would lead to the necessary ABC zigzag. Then down for a mighty wave three LOL

No, I think the following wave 2 will last a few days. At least 1 or 2 days. We will see.

Since we are now in a big wave 3 down I do not expect corrections to be extensively deep. The power of a three should keep the corrections more flat. In theory.

We will see......
wave "big 1" started at 386x?
  • #379,351
  • Feb 3, 2011 4:14pm Feb 3, 2011 4:14pm
Since NY has apparently dozed off, CHI is off trying to leave early, the analytics don't see anything to do, and I've got 20 minutes on my hands, here's a precautionary tale about trading strategy formed by belief in the Sure Thing.

In the early days of options, the Pacific Stock Exchange had an options floor in SFO. Small one, mostly with dual listing with CBOE, but a few of their own. Seats were like 30M, vs 150M+ for CBOE. Nobody really knew how to price options, but one thing everybody did understand was put-call parity: if you owned the stock, sold a call, and bought a put, you had an arb, so that set a high put price when the call price was high, even for a "sure thing" high-flyer stock.

A guy we'll call DT hung out in the Teledyne crowd; TDY was a PSE-only listing (IIRC), and a high-flyer. He stood there all day, every day, selling out of the money TDY puts for 1/8 and 1/16's, every expiration banking the premiums. With 15-1 leverage, and good order flow, life was good, and his Porsche 911's plate was "TNX TDY."

Then, out of nowhere, something really good happened for TDY. The price shot up, but so the vol of TDY and -> the price of TDY calls -> the price of TDY puts by the parity. Months of 5-figure gravy, of skiing in Chile in July, the high life, blew away in less than a week. An event that should have "made" put writers punched his ticket.

There is no sure thing, and the slam dunks are usually actually martingales of some flavor, and the house limit can just suddenly rise up and shut you down. Waiting for the market to "come around" to your opinion is another flavor of the same thing. If most of the time it comes around to you, that means that it can also go around through the basement and bite you in the butt before you can click the mouse.

PS: Didn't get this finished by top o' hour; now it's written, so why not.
  • #379,352
  • Feb 3, 2011 4:14pm Feb 3, 2011 4:14pm
Quoting Traderji
I have 1.3659, 1.3677 & 1.3694 as the next resistance levels. Will be looking for a short signal.
Hi Traderji,

have the same levels, only 3697 is different to yours.


Best to you,

Markus
  • #379,353
  • Feb 3, 2011 4:15pm Feb 3, 2011 4:15pm
knuckledrag,

Your last post is outstanding advice & I agree having a brew is much better than sweating the small petty things in life. Trade on brother.

_______________
  • #379,354
  • Feb 3, 2011 4:17pm Feb 3, 2011 4:17pm
Quoting T@rantula
I have one trade opened. Long cable @ 1.6195. Stops around 6150. TP 6230+

As for EU. Still havent opened any positions but Im considering it. Its a little bit flat on lower TFs, although h1 1 and h4 point upward.
Not sure about big movements today as NFP is tommorow, and we still have big news later today.

If we get a pullback to 3765 I might consider taking a long position. Pullback should be in play.
Took +35 pips on this trade

Quoting T@rantula
long @ 3795

TP 3850

S/L 3750
S/L moved to 3755 and it was HIT for -40 pips


Quoting T@rantula
Made profit on cable. Afterwards s/l hit on EU.

This is my final entry for today.

I have shorted EU 3749

TP 3710

S/L 3780

Camarilla setup with PA
+39 pips


Total for today( LIVE trading):

34 pips

Scalps not included as I didnt post it live.


Done with 0.5 lots.

This is how I do. Overall for last month ( including this day) 640 pips app.
  • #379,355
  • Feb 3, 2011 4:24pm Feb 3, 2011 4:24pm
Quoting acetrader
knuckledrag,

Your last post is outstanding advice & I agree having a brew is much better than sweating the small petty things in life. Trade on brother.

_______________

just letting it ride (EUR,AUD) time
  • #379,356
  • Feb 3, 2011 4:26pm Feb 3, 2011 4:26pm
Quoting longshot_nl
update..
Good work :-)
  • #379,357
  • Feb 3, 2011 4:34pm Feb 3, 2011 4:34pm
Quoting OldQuant
Since NY has apparently dozed off, CHI is off trying to leave early, the analytics don't see anything to do, and I've got 20 minutes on my hands, here's a precautionary tale about trading strategy formed by belief in the Sure Thing.

In the early days of options, the Pacific Stock Exchange had an options floor in SFO. Small one, mostly with dual listing with CBOE, but a few of their own. Seats were like 30M, vs 150M+ for CBOE. Nobody really knew how to price options, but one thing everybody did understand was put-call parity: if you owned the stock,...
Dam nice story. Reminds me of lots of short S&P put writers during the nice big bull runs that sold puts month after month, racking in the cheese. Then one day, poof, markets get hit for a loop and vol goes through the roof, and the clerk by the spoo options needs about 50 rings to answer the phone, and you ask for a market on an option that was 20/30 previous, and now its 800/1200 small, even though Fischer and Myron say its only worth 850, and bam its all gone in an afternoon.

Thanks for the story, brings back quite a few memories. Good Nite..PTL
Look Sharp/Trade Tight
  • #379,358
  • Feb 3, 2011 4:35pm Feb 3, 2011 4:35pm
Im expecting some pull back from A to B then open other short upon the continuation toward C which is further below... pull back could be brief in which case we may see a the Continuation to C as early as tomorrow.... cant really say if NFP will do it but we'll see

Note that the pair is still bullish overall that being said i expect a strong up wave after wave C, thereby completing the Elliotwave...
A strong up wave from here, retracing 100% of wave A(above 3800), invalidates wave C
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ff3.GIF Size: 105 KB
Click to Enlarge Name: ff3.1.GIF Size: 120 KB
  • #379,359
  • Feb 3, 2011 4:39pm Feb 3, 2011 4:39pm
Quoting kill56
hey wise man how do feel today hope all great and green
Still not feeling the best these days killer, but not letting that stop me from taking the easy ones...

Racked around 70 during Asian session, scalped around 50ish into London and woke to a buck forty se7en more this morning...all in all...I can't bitch...

Keeping things a little more simple and focusing on working with a few others over at the MTF thread...less to keep up with...less to get lost in...

You make out like a bandit on the Shorties too?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #379,360
  • Feb 3, 2011 4:40pm Feb 3, 2011 4:40pm
Quoting egkid
Have daily candle close above 1.3625 so my view the same "more up no sell yet"
Will review the situation again when we reach 1.38
Quoting egkid
If my Sunday close above 1.3625 No Sell and we going more up 1.38
That how i read my chart
1.3625 strong R on daily but weekly suggest and attract PA to 1.3830
History always a good reference and feeling the Rhythm of market.
666 traders viewing now