EURUSD | Page 19681 | 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

  • #393,601
  • Feb 22, 2011 3:26pm Feb 22, 2011 3:26pm
Quoting Venice
I find that interesting with Old's comments on the 15m.

I find the 15m to slow... 5m for me.

I guess it's a trade off... better entry sometimes for more whipsawing other times.

Man, is it ever beautiful when the 5m oscillates perfectly though.
5 vs 15 is a quandry for me from time to time, but for some reason I feel alot better once I have a good 15min bar going my way...
Look Sharp/Trade Tight
  • #393,602
  • Feb 22, 2011 3:28pm Feb 22, 2011 3:28pm
Quoting Venice
is it ever beautiful when the 5m oscillates perfectly though.
For me, it's about persistence. The 1M has good persistence, but only relative to that short time frame. Five M has a lot of noise in them, and, in my experience, "the 5m oscillates perfectly" not enough of the time.

If I were going to scalp, though, it'd be in the 5 to 300 sec range, would have to be automated, and would have to be so much volume that the commission was down well below 2 deci's. For me, that ain't gonna happen, so I'm not going to scalp.
  • #393,603
  • Feb 22, 2011 3:28pm Feb 22, 2011 3:28pm
Quoting Magix
Seriously, a hundredish pips, I would take em for sure, but for the amount of racket and that's it?

I congratulate anybody who closes the week green by anything more then a pip, and I don't care if they are trading demos or dimes...but really, his ticker tape parade is a little fizzled if ya ask me....
hiii my freind i wont ur opinion in usdche she is in a very low ??
  • #393,604
  • Feb 22, 2011 3:29pm Feb 22, 2011 3:29pm
where is that dam kid, I thought he would have had like 1000 posts today telling us what a genious he is....
Look Sharp/Trade Tight
  • #393,605
  • Feb 22, 2011 3:34pm Feb 22, 2011 3:34pm
Quoting OldQuant
For me, it's about persistence. The 1M has good persistence, but only relative to that short time frame. Five M has a lot of noise in them, and, in my experience, "the 5m oscillates perfectly" not enough of the time.

If I were going to scalp, though, it'd be in the 5 to 300 sec range, would have to be automated, and would have to be so much volume that the commission was down well below 2 deci's. For me, that ain't gonna happen, so I'm not going to scalp.
Right on. I generally aim for 5-30 pips per scalp. I do give up a bit in comission... but that's why I only do it on e/u since it has the lowest spread.

I have tried and tried to do the bigger charts, and did OK at best (4h/daily). After I gave up 10% of my account I decided enough was enough. I just can't seem to get in rhythm with price at that speed.

I think the most important part of trading, regardless of time frame, is the levels we are watching though. 5m or 30m, the levels are still the same. It just depends on how many candles you want to see at that level to gauge reaction.
  • #393,606
  • Feb 22, 2011 3:36pm Feb 22, 2011 3:36pm
Quoting OldQuant

If I were going to scalp, though, it'd be in the 5 to 300 sec range, would have to be automated, and would have to be so much volume that the commission was down well below 2 deci's. For me, that ain't gonna happen, so I'm not going to scalp.
I found that out quickly also, my scalping days were over the minute I stopped trading on Globex. The chance to buy the bid and sell the offer, and paying almost zero commission is an enourmous edge. Plus there are too many other people out there that are much faster than me.
Look Sharp/Trade Tight
  • #393,607
  • Feb 22, 2011 3:42pm Feb 22, 2011 3:42pm
Quoting PayTheLimit
The chance to buy the bid and sell the offer, and paying almost zero commission is an enourmous edge.
Yep. When you own the green zeros on the wheel, rather than having to fight their effect, the wheel becomes a cash cow, and the more plays the better.

Other way around, if you can't spot the sucker...
  • #393,608
  • Feb 22, 2011 3:44pm Feb 22, 2011 3:44pm
Quoting OldQuant
Price patterns are viewed off 15M candles, because lower than that has too much noise and higher than that has too much delay.

It's complicated, and I'm increasingly thinking too complicated. Just using the longer binding triggers could still bring in a good slab of the bacon, and the rest is good for maybe only 10 to 20 or so ticks better in trade level overall.

But I'm liking micro structure more and more, and may try just that in some other pair if I can find a trustworthy woodchuck to do some work on it.
Try this OQ...

I caught shit for posting my regular Magina Charts over at the VSA thread, so I created their charts using triggers instead of just relying on volume and hulls. I call it my mallory charts and use them for confirmation, or reaffirmation of my position when I go visit my VSA friends..

The 15m is a nice chart to play...Hulls goes Aqua, Trigger lights green, buy...Hulls goes Magenta, Trigger lights red, sell...

Daily roll you gotta set to your broker, the colors you can reset if ya want, and remove the zigzags if they bother ya...the rest, is just triggers on trend. Keeping inside the active sessions should keep ya in the good.

If you are not using Meta4 charts, go over to Windsor run their demo charts, this way you can Mallory the USDX and watch the relations on EU under the same set of criteria...

Chart with samples...
Attached Image (click to enlarge)
Click to Enlarge Name: mallory.jpg Size: 98 KB
Attached File(s)
File Type: zip Mallory.zip   17 KB | 345 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,609
  • Feb 22, 2011 3:47pm Feb 22, 2011 3:47pm
Quoting infinitus
Maybe this:
Very interesting. Just reading through the guidelines and it all seems to fit except that in an expanding diagonal wave 5 usually terminates short of the 1-3 trendline.

If you change your count to make your current wave 5 into wave 3, then it takes care of that guideline and allows for wave 5 to reach right down to the 1.3428 area which would be a good place for the larger degree wave 1 to target.
  • #393,610
  • Feb 22, 2011 3:55pm Feb 22, 2011 3:55pm
Quoting egymedo
hiii my freind i wont ur opinion in usdche she is in a very low ??
I like the looks of it egymedo...

Partially because I am USD bull Biased...this seems a reasonable look and watch for reversal...

I wouldn't be betting the farm on it just yet, but even with a loss of tl support there are 2 lower price reaction points....

I have never traded this one, or if I have, certainly not enough for it to have left a lasting impression on my....

I would dissect the lower TFs. Watch for a positive day and wait for a surge to the sky...if ya like to gamble, hammer on a trade and set your stops just below chart bottom...
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 70 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,611
  • Feb 22, 2011 3:55pm Feb 22, 2011 3:55pm
Quoting Magix
Hulls goes Aqua, Trigger lights green, buy...Hulls goes Magenta, Trigger lights red, sell...
These are, in effect, strict, just-in-time, metrics of the slope sign, right?

Quoting Magix
go over to Windsor run their demo charts, this way you can Mallory the USDX and watch the relations on EU under the same set of criteria...
It has to talk to the API, but I don't think that's any real issue.

I'm too old and know me to be too lousy a trader to trust myself to pull these triggers on my own.

By the way, did you notice one of the young'uns used the capit-word earlier today (and correctly )? Who says us old f@rts can't tell 'em anything?
  • #393,612
  • Feb 22, 2011 3:55pm Feb 22, 2011 3:55pm
well I just cooked up some new numbers, going to catch some zzzz's, talkatcha boys in the morning....good luck PTL
Attached Image
Look Sharp/Trade Tight
  • #393,613
  • Feb 22, 2011 3:58pm Feb 22, 2011 3:58pm
Yikes, and speaking of daily roll...look at the pesky watch. Some stuff that needs doing in a minute or so.
  • #393,614
  • Feb 22, 2011 3:59pm Feb 22, 2011 3:59pm
I think most people here are paying too much attention at technical levels disregarding fundamentals. By fundamentals I mean "indirect" news, like comments, or politics, or events not directly related at the forex market etc.

The EU is the most "sensitive" pair at this type of news and also it is the main target of "big players" for "heavy" correction. More, think that EURO, being the currency of different countries, is traded by all these National Banks...

Every week it happens "sudden" changes of at least several hundreds pips in less than 15 min. Fast. This is a killer for short timeframes scalping.
  • #393,615
  • Feb 22, 2011 4:03pm Feb 22, 2011 4:03pm
Quoting OldQuant
These are, in effect, strict, just-in-time, metrics of the slope sign, right?

By the way, did you notice one of the young'uns used the capit-word earlier today (and correctly )? Who says us old f@rts can't tell 'em anything?
The arrows are created by moving average crosses...in times of lull or accumulation, you will see several false triggers. The triggers that are working with the hulls line are the ones worthy of a take. These too don't provide the Market Nut tops and bottoms, but will provide a few safety range trades for ya...

A blinky box and chime will alert you to the trade, and all ya gotta do is push the button.

Watching price in relation to above of below daily roll, and of course cross referencing the movement of the USDX will show confirmation, but solely and on its own, will find you that 10-30 pip range on a 15m chart.

Still no money is easy, and with the crazy sets that EU has been playing, the safest money is the no trade...but hit a few, miss a few..all part of the game.

Yeah, the kid has the ability to use big people speak, I think that talking the fool is a part of his shtick...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,616
  • Feb 22, 2011 4:05pm Feb 22, 2011 4:05pm
Quoting Magix


Seriously?

All that chest thumping and you haven't made a hundred bucks yet?

I am sitting at a 120ish on the day, and I havent even been around for the last 5hrs...3 positions, 2 shorties on EU 1 long on UC...

My Long USD/CHF are going nowhere!!!!!!!

keep ranging from - 5 PIPS to - 1 PIPS
  • #393,617
  • Feb 22, 2011 4:09pm Feb 22, 2011 4:09pm
Quoting aarontdang
My Long USD/CHF are going nowhere!!!!!!!

keep ranging from - 5 PIPS to - 1 PIPS
OH MY GOD
Don't have an ego. Always question yourself and your ability.
  • #393,618
  • Feb 22, 2011 4:10pm Feb 22, 2011 4:10pm
Quoting RamsesII
OH MY GOD
  • #393,619
  • Feb 22, 2011 4:11pm Feb 22, 2011 4:11pm
Quoting OldQuant
Yikes, and speaking of daily roll...look at the pesky watch. Some stuff that needs doing in a minute or so.
Speaking of Rolls...

So far, in the last few trade days, price has been rejected at the Monthly open, this week we have been sold off from and had price rejected at the weekly roll, and today, could not keep above the daily roll...

New day, new price opens below yesterday, new daily low yesterdays candle, no new weekly high...

Hrmmmm

By description alone, sounds like we still in bear country.
Attached Image (click to enlarge)
Click to Enlarge Name: rolls.jpg Size: 151 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,620
  • Feb 22, 2011 4:14pm Feb 22, 2011 4:14pm
Quoting aarontdang
My Long USD/CHF are going nowhere!!!!!!!

keep ranging from - 5 PIPS to - 1 PIPS
That's almost like trading...but in really fekkin slomo....

Look at it this way aaron...you haven't had to ask for a chart on it yet this week...so, yer good man...

Sit back, relax, eat some chips, have a cold beer and wait for the cash register to ring...

CHA CHING!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
311 traders viewing now, 1 is registered:
macd12