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EURUSD

  • #412,701
  • Mar 24, 2011 7:09am Mar 24, 2011 7:09am
Everyone is on long side?
  • #412,702
  • Mar 24, 2011 7:10am Mar 24, 2011 7:10am
Quoting T@rantula
I hope u bought this. Positive reversal is on the run .
Sat on my fingers and let it fake people all the way to 1.405x before i caught it long at 4075

.
Mind over matter..I don't mind and you don't matter.
  • #412,703
  • Mar 24, 2011 7:10am Mar 24, 2011 7:10am
Quoting Beacon
Everyone is on long side?
not me, but i have stops above 1.4150. im short at xx40 and xx45
  • #412,704
  • Mar 24, 2011 7:10am Mar 24, 2011 7:10am
ny morning briefing:

http://community.nasdaq.com/News/201...?storyid=66557
  • #412,705
  • Mar 24, 2011 7:10am Mar 24, 2011 7:10am
Quoting darimik
when you said linear regression with standard deviation, I thought it had a statistical meaning. what I meant was, it is a way to describe something very simple.

Does it provide you with any output at all? do you know how valid it is ? you can linear fit anything you want to, but do you know how certain cases are better than the next ones? can you test it for a statistical significance?

you might as well draw a line and trade around.

let me start one by one:

they are both statistical in nature, the regression line and the std. deviation.
you are right in describing something simple but not "nothing" imo
output? not sure what you mean. it's constantly reevaluated and redrawn. i know what people say about redrawing overlays. however, i'm not using them for entries alone, but i do use them for exits. the fact that they move around is a blessing in this case because they keep you in the trade.
how valid? they are pretty valid. their values are long tested by me and i understand their strengths and weaknesses very well, as you could see.
test for statistical significance? again not sure i know what you mean. I trade with them and with some other overlays (not showing on the charts i posted) to double check when they lie and when they don't.
  • #412,706
  • Mar 24, 2011 7:10am Mar 24, 2011 7:10am
Quoting Beacon
Everyone is on long side?
we are 50% fibo from last down ... i could try here

little short.
gold is gold.
  • #412,707
  • Mar 24, 2011 7:11am Mar 24, 2011 7:11am
I see endless ranting is as always at its best in the famous EURUSD thread, ready for another wave up guys?

or have we reversed?
  • #412,708
  • Mar 24, 2011 7:11am Mar 24, 2011 7:11am
Quoting JuliusCeasar
Sat on my fingers and let it fake people all the way to 1.405x before i caught it long at 4075

.
  • #412,709
  • Mar 24, 2011 7:13am Mar 24, 2011 7:13am
Bit of news due out soonish so that may fuel a push of some sort
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #412,710
  • Edited 7:16am Mar 24, 2011 7:15am | Edited 7:16am
in fact i wait for 61% of last down move. which is the R1 today AND the trend line of top (descending). I wiould watch there.

for me its about 1.4170 - 80

I still think it could go down from there.. just a feeling though.
gold is gold.
  • #412,711
  • Mar 24, 2011 7:16am Mar 24, 2011 7:16am
Quoting sisse
Let see what bears are made off. Bull trap in play in H1 and below. 1.404x will satisfy me. A clean up above 1.414x will kill all bear momentum.

sisse
Very boring action the last 2 hours. 15 up /15 down on the failure to complete the bull trap in small timeframes .... Lets see if US reports do something about it, 1.414x in play as clear as ever...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #412,712
  • Mar 24, 2011 7:17am Mar 24, 2011 7:17am
Quoting fldash
not me, but i have stops above 1.4150. im short at xx40 and xx45
I was short at 1.4160 yesterday with TP at 1.405 and SL at 1.425. It was so close...
  • #412,713
  • Mar 24, 2011 7:22am Mar 24, 2011 7:22am
Quoting Beacon
I was short at 1.4160 yesterday with TP at 1.405 and SL at 1.425. It was so close...
I've always been experiencing this since i have decided to set tp point at 6 to 7 pips in range of what i may decide..and it has somewhat saved me many times
  • #412,714
  • Mar 24, 2011 7:23am Mar 24, 2011 7:23am
Quoting Maan Ch.
I've always been experiencing this since i have decided to set tp point at 6 to 7 pips in range of what i may decide..and it has somewhat saved me many times
i made that 11 pips and it ALWAYS WORKS for me
  • #412,715
  • Mar 24, 2011 7:26am Mar 24, 2011 7:26am
Quoting Beacon
I was short at 1.4160 yesterday with TP at 1.405 and SL at 1.425. It was so close...
If you are trading S/R in that range. Round up your target to the above level add 3 ticks on top of that round number that will safe you a lot of headaches. Target 1.4050 = 1.406x + 3 ticks = 1.4063 your target .... in simple words don't be a dick for a tick... just my 2 cents.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #412,716
  • Mar 24, 2011 7:27am Mar 24, 2011 7:27am
Quoting Maan Ch.
I've always been experiencing this since i have decided to set tp point at 6 to 7 pips in range of what i may decide..and it has somewhat saved me many times
I will try 5 pips and see how. Meanwhile I have to face the Unemployment claims news now.
  • #412,717
  • Mar 24, 2011 7:29am Mar 24, 2011 7:29am
Quoting stormtrader
i made that 11 pips and it ALWAYS WORKS for me
  • #412,718
  • Mar 24, 2011 7:30am Mar 24, 2011 7:30am
Quoting Beacon
I will try 5 pips and see how. Meanwhile I have to face the Unemployment claims news now.

Good luck on that bro...

data 382 k which is less than the forecast
  • #412,719
  • Mar 24, 2011 7:30am Mar 24, 2011 7:30am
As expected and noted, EURUSD faced a lot of headwinds into the 1.4250 figure.

Expect multi-day congestion similar to 3/14-3/17 but a bit more choppy. With all of the sentiment being thrown around, a lot of people are likely to get jumpy with their trigger fingers. Let them do their thing while we wait for a significant move to set up from here. I'm expecting consolidation and then a setup above recent highs sometime next week.
  • #412,720
  • Mar 24, 2011 7:30am Mar 24, 2011 7:30am
This is how I bag my pips!
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