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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

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  • #380,341
  • Feb 5, 2011 11:06pm Feb 5, 2011 11:06pm
Quoting Raza
Last weekly candle was a DEFECTIVE gravestone Doji...This one may become an inverted Hammer... week is not over yet(SUNDAY)

Higher price can be expected.. and low can go as far as 1.3494-84max.(BUYING OPP)IMO..

SHOOTING STAR or evening stars are formed usually on the very TOP.
Yes, you're quite correct. I wasn't sure, hence the 'I don't know' smiley. However, whatever the name, to me it is a bearish candle that is worth bearing in mind for next week.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #380,342
  • Feb 5, 2011 11:09pm Feb 5, 2011 11:09pm
Quoting Raza
So we can see a fast 1000 pip rally..

may be some interest rate increase ..

Pandora also suggested a 1000 pip for G/J
yes, i'm with pb on geppy, but more than 1000.
  • #380,343
  • Feb 5, 2011 11:16pm Feb 5, 2011 11:16pm
Quoting Bruce Flea
Not at all.

I am implying the deep pockets are the small percentage buying recently when 92% of the market was still selling.

They are few with many dollars, while the many with few dollars constantly get in too late.

Herd mentality.



Maybe we talk about different things here or I do not get your logic.

Now it is even more twisted:

On Thursday 92% of investors were selling USD. Maybe it is better to be said:

They had already sold USD and have now a very high conviction, that the USD will further decline against the other currencies. Meaning: they think EURUSD will go further UP // USD down.

8% did the right thing and were bullish USD, meaning they thought USD will go up, EURUSD will go down.

You imply now, that the big money are this 8% and they drive the price. That is than even more bad for your theory, since this 8% managed to get USD up and EUR down.

Maybe you got it twisted:

I talked the whole time about USD bulls, whereas you understand EURUSD bulls. Is that right?
  • #380,344
  • Feb 5, 2011 11:17pm Feb 5, 2011 11:17pm
Quoting Raza
Last weekly candle was a DEFECTIVE gravestone Doji...This one may become an inverted Hammer... week is not over yet(SUNDAY)

Higher price can be expected.. and low can go as far as 1.3494-84max.(BUYING OPP)IMO..

SHOOTING STAR or evening stars are formed usually on the very TOP.
Thanks Raza ,you are one candlestick master and so trying with shaky hands me too here .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #380,345
  • Feb 5, 2011 11:36pm Feb 5, 2011 11:36pm
Quoting infinitus
Maybe we talk about different things here or I do not get your logic.

Now it is even more twisted:

On Thursday 92% of investors were selling USD. Maybe it is better to be said:

They had already sold USD and have now a very high conviction, that the USD will further decline against the other currencies. Meaning: they think EURUSD will go further UP // USD down.

8% did the right thing and were bullish USD, meaning they thought USD will go up, EURUSD will go down.

You imply now, that the big money are this 8% and they drive the price....
spot on. yes it was very true those 8% have the power actually to overturn the rest . yes retracement was expected by all , to atleast 3688 levels & pending placed , got hit sl for risky long against my rule as was only short above 3650 & saw cot to presume people ready to take those pullback before failure but actually 8% did the job > catch all the monies when lined up in one line , set panic to buyers . actually cot is unreliable & very old data to trade . our chart is best of all best available .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #380,346
  • Feb 6, 2011 12:18am Feb 6, 2011 12:18am
Currently open positions @ Oanda

EUR/USD Long 42.88% Short 57.12%
GBP/USD Long 28.69% Short 71.31%
USD/YEN Long 81.22% Short 18.78%
USD/CAD Long 76.42% Short 23.57%

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #380,347
  • Feb 6, 2011 12:41am Feb 6, 2011 12:41am
Quoting KillerWhale
Currently open positions @ Oanda

EUR/USD Long 42.88% Short 57.12%
GBP/USD Long 28.69% Short 71.31%
USD/YEN Long 81.22% Short 18.78%
USD/CAD Long 76.42% Short 23.57%

Shamu
Thanks for the information , overall usd long. If we can get all datas for overall all forex pool at the currect time with lots & future contracts !! not know if any tool as such anywhere .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #380,348
  • Feb 6, 2011 12:50am Feb 6, 2011 12:50am
An entertaining video:
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  • #380,349
  • Feb 6, 2011 12:54am Feb 6, 2011 12:54am
Quoting fontu
Thanks for the information , overall usd long. If we can get all datas for overall all forex pool at the currect time with lots & future contracts !! not know if any tool as such anywhere .
fontu
And:

USD/CHF Long 76.22% Short 23.78%
XAU/USD Long 75.75% Short 24.25%
AUD/USD Long 37.53% Short 62.47%
New voice message: Why are you calling me? If I need you, I'll call you!
  • #380,350
  • Edited 2:31am Feb 6, 2011 2:06am | Edited 2:31am
Quoting pkimnyc
yes, i'm with pb on geppy, but more than 1000.
Sorry guys..I know this is e/u thread..but the question was asked here so replying here.

HERE IS HOW IT MAY HAPPEN ..

2 POSSIBILITIES. Direction seems to be up.

unless 1.5644 gets taken out.

Red labels if wave#4 OVERLAPS wave#1.. THEN WAVE#5 can be shorter.AT THIS POINT 1.6308 IT MAY LOOK LIKE A Double Top.

The other funky one is if it is not even wave#4 BUT AN abc OF HIGHER WAVE#3 .. and wave#5 OF THAT SHOULD GO TO 1.69XX AND this whole move should be considered as wave#1 OR WAVE A OF BIGGER ABC..

Ok I wont go any further cause it complicates things..

I dont know what they wanna do with the $... TAKE IT TO. O.
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Markets are not Random, they are designed!
  • #380,351
  • Feb 6, 2011 2:29am Feb 6, 2011 2:29am
What will be the impact of Eygpt crisis on EUR/USD.
  • #380,352
  • Feb 6, 2011 2:30am Feb 6, 2011 2:30am
We have seen a significant drop in eurusd on Friday after consolidation before the NFP and unemplyoment data, that followed an even bigger drop during and after Jean-Claude Trichet's speech.

The price has stoped at 1.3543-1.3537 support.

If it breaks, next support is at 1.3480-1.3500.

In the uptrend 1.3630 level is our first stronger resistance.
  • #380,353
  • Feb 6, 2011 3:26am Feb 6, 2011 3:26am
bleib dem wellen-zählen treu.

flush out of longs, ein begriff? immer diese bashing clowns.

Quoting infinitus
Hi Pinkiaiii,

well said, well said. Maybe we remove the Dr. from Mr. Geppynius

Have a nice weekend,

Markus
  • #380,354
  • Feb 6, 2011 3:28am Feb 6, 2011 3:28am
Quoting Larseg
Seen lots of weird predictions in here the last couple of weeks so I thought I could help with an old article which helped me a bit...

Just showing how good the market trends and which timeframe is the best one too observe (journal).

Its from 2004 but still valid if you ask me, maybe even more valid now since the average day pip is bigger...

Rock on,
Interesting article.

When I calculate entries and TPs, I usually combine it with swing projections, S/R levels/camarilla and round numbers.

U have probalbly noticed that my TPs are usually round/whole numbers. And yes, if I make an INTRADAY projection the average is 50-80 pips per trade on majors including scaling out on stronger s/r levels
Cable has a greater potential so 100+ profit targets are not uncommon.

JPY crosses are harder for me to calculate as for example G/J. E/J is ok.
  • #380,355
  • Feb 6, 2011 3:31am Feb 6, 2011 3:31am
Quoting Magix


More like...VSA says long...I am kewl holding my shorts!

Get a real chart Mal...
awesome beginnning of the day

says he who uses mt4 with a broker defined daily bar close and...now wait for it...MACD
  • #380,356
  • Feb 6, 2011 4:00am Feb 6, 2011 4:00am
Quoting Dr.Geppynius
bleib dem wellen-zählen treu.

flush out of longs, ein begriff? immer diese bashing clowns.
So maybe you care to comment, since "flush out of longs" is no common term. Google for it and you can find in the whole net only 8 targets, one of that is your comment above :-)

I know what you could have would have mean. But what I see in the COT Data oer the last weeks is a flush-in into long positions of the large specs.

Sentiment extremes are not made in the middle of a trend. They are made at the beginning or at the end of a trend.

But we will see. Obviously I will be more in pain to explain my stance, when we will see a new top above 1.42

No bashing at all.........
  • #380,357
  • Feb 6, 2011 4:07am Feb 6, 2011 4:07am
same as shakeout manoeuvre. or here often referred to as pinbar. it is a fact, that week holders are flushed out before market continues into the desired direction. mislead as many as possible. =) we will see, all i still say is i do not yet jump on the sellside, expect for shortterm trades if london gives indications for intraday downside action. bashing bezog sich auf einen kommentar wie das entfernen vom nicht existenten dr. titel.

QUOTE=infinitus;4375031]So maybe you care to comment, since "flush out of longs" is no common term. Google for it and you can find in the whole net only 8 targets, one of that is your comment above :-)

I know what you could have would have mean. But what I see in the COT Data oer the last weeks is a flush-in into long positions of the large specs.

Sentiment extremes are not made in the middle of a trend. They are made at the beginning or at the end of a trend.

But we will see. Obviously I will be more in pain to explain my stance, when we will see a new top above 1.42

No bashing at all.........[/quote]
  • #380,358
  • Feb 6, 2011 4:11am Feb 6, 2011 4:11am
Quoting OldQuant
Thanks for posting that link....
Absolutely and to discuss it further, the events in the FX market are of course different from time to time but this is a 24 hour market and the news doesn't last very long.

Yes, news might change the direction and so forth but it will continue in a similar fashion trending wise after the change.

I found it interesting that there was a very big difference from 5M to 4H chart. For those who didn't read it, it was 100% more trending on a 4H timeframe...
  • #380,359
  • Feb 6, 2011 4:24am Feb 6, 2011 4:24am
Quoting T@rantula
Interesting article.

When I calculate entries and TPs, I usually combine it with swing projections, S/R levels/camarilla and round numbers.

U have probalbly noticed that my TPs are usually round/whole numbers. And yes, if I make an INTRADAY projection the average is 50-80 pips per trade on majors including scaling out on stronger s/r levels
Cable has a greater potential so 100+ profit targets are not uncommon.

JPY crosses are harder for me to calculate as for example G/J. E/J is ok.
Hi T,

I like to call it magnet trading (forgot the name of the guy in mrkt wizards) works like a charm though...

I sort of do the same thing in my short timeframe trading, been doing it since August, I put on bigger lots and trade 2-5 times a week. the interesting part is that I only take around 10-20 pips and SL around 20-40. So risk/reward is crap but the win % is excellent.

Got the idea after cruising over some results from the pros and automated trading championships results. The best thing is that it is mentally easy to do.

However, that article is just showing that I am doing the right thing, cause putting on maximum 1 trade a day on a 4H chart I have 90% chance of getting 20 pips if it moves 10 pips in my favor... Love it, just love it...


Still going strong for Heiken Ashi the daily trend and adding on the first week... But it is soooo booooring

Love Lars
  • #380,360
  • Feb 6, 2011 4:51am Feb 6, 2011 4:51am
Quoting infinitus
On Thursday 92% of investors were selling USD. Maybe it is better to be said:

8% did the right thing and were bullish USD, meaning they thought USD will go up, EURUSD will go down.

You imply now, that the big money are this 8% and they drive the price. That is than even more bad for your theory, since this 8% managed to get USD up and EUR down.
I think $ 1 Trillion per day must be traded in EUR/USD since forex transaction are $4 Trillion per day.

Does this mean 8% traders traded $920 billion and bought USD worth $920 billion on thursday?
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