EURUSD | Page 19742 | 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

  • #394,821
  • Feb 23, 2011 6:35pm Feb 23, 2011 6:35pm
Quoting SunTrader
Interesting but I'd think a rolling 12 month average would probably be more useful.
Are you getting all complicated on me? I don't need to work out daily, weekly or monthly. MT4 has that indicator that gives me those and the indicator can be customised to however many periods you want. Am I making sense because I know I usually don't.
Nothing worth having is easy.
  • #394,822
  • Feb 23, 2011 6:37pm Feb 23, 2011 6:37pm
Quoting Patience
I find it helpful to keep track of the yearly range especially when it comes to Sep-Dec period because "they" - ha ha - also generally like to do at least a 1,000 pip rally. So once you work out what direction they are going to take it (usually after September NFP), you can count on a damn good rally of at least 1,000 pips (in one direction).

But I also like to look at other weird things like sentiment readings and COT (which I noticed an esteemed member recently rubbished). Lot of rubbishing of trading methods going on in this thread...

Annyoying when I agree with everything a trader says, not sure cause it rarely happens or if I just like to annoy people. However,

I find the COT charts very insightful, as I said before its quite close to my way of trading stocks only missing the actual name of the buyer/seller...
  • #394,823
  • Feb 23, 2011 6:38pm Feb 23, 2011 6:38pm
Quoting Patience
Are you getting all complicated on me? I don't need to work out daily, weekly or monthly. MT4 has that indicator that gives me those and the indicator can be customised to however many periods you want. Am I making sense because I know I usually don't.
I see what he means, but that wouldn't factor in seasonal variations, particularly relevant to participation in the market from commercials..

edit: hmm, or maybe it would, since you are still calculating 12 months worth of data...
  • #394,824
  • Feb 23, 2011 6:47pm Feb 23, 2011 6:47pm
Interesting results on my EU "scalping" system...

This is demo traded this week, competing with Xaron.
Attached Image
  • #394,825
  • Feb 23, 2011 6:51pm Feb 23, 2011 6:51pm
Quoting FibbinArchie
I see what he means, but that wouldn't factor in seasonal variations, particularly relevant to participation in the market from commercials..

edit: hmm, or maybe it would, since you are still calculating 12 months worth of data...
I've got 12 month rolling average currently at 789 pips. Average 26 week rolling average @ 365 pips but these can be customised anyway (depending on how much you want). We have done 54% of average monthly range so far or 433 pips. Last month's range was 885 pips. It's a very handy indicator. I used to work it out manually on Excel.
Nothing worth having is easy.
  • #394,826
  • Feb 23, 2011 6:52pm Feb 23, 2011 6:52pm
short 1.3779
  • #394,827
  • Feb 23, 2011 6:53pm Feb 23, 2011 6:53pm
Quoting buonvangvn
short 1.3779
add short 1.3783
  • #394,828
  • Feb 23, 2011 6:54pm Feb 23, 2011 6:54pm
Quoting Patience
I've got 12 month rolling average currently at 789 pips. Average 26 week rolling average @ 365 pips but these can be customised anyway (depending on how much you want). We have done 54% of average monthly range so far or 433 pips. Last month's range was 885 pips. It's a very handy indicator. I used to work it out manually on Excel.
sounds like a good guide, will look into it...
  • #394,829
  • Feb 23, 2011 6:55pm Feb 23, 2011 6:55pm
Quoting buonvangvn
add short 1.3783
Attached Image (click to enlarge)
Click to Enlarge Name: buonvangvn_____yahoo____com.gif Size: 23 KB
  • #394,830
  • Feb 23, 2011 6:58pm Feb 23, 2011 6:58pm
This Eur/usd move will easy go to 1.39 in no time. LONG
  • #394,831
  • Feb 23, 2011 6:59pm Feb 23, 2011 6:59pm
Quoting FibbinArchie
sounds like a good guide, will look into it...
Do you want me to post the indicator? There may be a newer version around somewhere. I think I've even seen someone post a chart that had the yearly range on it as well as the day/week/month. It's funny because it's something I wouldn't like to trade without but I know we all trade differently.
Nothing worth having is easy.
  • #394,832
  • Feb 23, 2011 7:00pm Feb 23, 2011 7:00pm
Quoting buonvangvn
add short 1.3783
counter trend scalps I take it, what kind of stop distance are you using?

Actually you have some decent follow through as I type...
  • #394,833
  • Feb 23, 2011 7:01pm Feb 23, 2011 7:01pm
Quoting Patience
Are you getting all complicated on me?


Hey what's a little extra work. I might make an attempt at it. I'll post back at some point.
  • #394,834
  • Feb 23, 2011 7:02pm Feb 23, 2011 7:02pm
Quoting FibbinArchie
counter trend scalps I take it, what kind of stop distance are you using?

Actually you have some decent follow through as I type...
double top
  • #394,835
  • Feb 23, 2011 7:03pm Feb 23, 2011 7:03pm
Quoting Patience
Do you want me to post the indicator? There may be a newer version around somewhere. I think I've even seen someone post a chart that had the yearly range on it as well as the day/week/month. It's funny because it's something I wouldn't like to trade without but I know we all trade differently.
I have some mt4 range calculators, but I don't think it would do any harm to look at yours...

To be honest, I currently use a very short term turn around, but want to develop a longer term position trading strategy, so yes that would be cool, thanks...
  • #394,836
  • Feb 23, 2011 7:03pm Feb 23, 2011 7:03pm
Quoting Traderji
Still interested in this area. If I buy, it'll have a TP of 3770.

Good morning all. Target hit. Sold for +40.5 pips
We're all stories in the end. Just try to make it a good one.
  • #394,837
  • Feb 23, 2011 7:06pm Feb 23, 2011 7:06pm
Quoting buonvangvn
double top
ah OK, I must say that I've often seen Tokyo post a new high or low, they like to go about 20 pips or so further, however over the past couple of months, it has been more of the double top/bottom type PA..

GL with your trade...
  • #394,838
  • Feb 23, 2011 7:11pm Feb 23, 2011 7:11pm
Quoting FibbinArchie
I have some mt4 range calculators, but I don't think it would do any harm to look at yours...

To be honest, I currently use a very short term turn around, but want to develop a longer term position trading strategy, so yes that would be cool, thanks...
It's not my indicator. I grabbed it from FF somewhere and, as I said, I'm sure there are newer ones out there but this is more than sufficient for my needs.

Hoping this is going to work. Been a long time since I posted an indicator.
.
Attached File(s)
File Type: mq4 # RANGE_TRADER_9.03 Labais53.mq4   10 KB | 399 downloads
Nothing worth having is easy.
  • #394,839
  • Feb 23, 2011 7:11pm Feb 23, 2011 7:11pm
Quoting FibbinArchie
ah OK, I must say that I've often seen Tokyo post a new high or low, they like to go about 20 pips or so further, however over the past couple of months, it has been more of the double top/bottom type PA..

GL with your trade...
thanks, and you? long or short
  • #394,840
  • Feb 23, 2011 7:14pm Feb 23, 2011 7:14pm
Quoting buonvangvn
thanks, and you? long or short
Thinking short, but want a higher entry, if I don't get it then I'll stay on the sidelines, maybe a few quick scalps, but it's gone 1am where I am so I won't force it, may even just call it a night and get some sleep, fresh for London...
396 traders viewing now