EURUSD | Page 20706 | 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

  • #414,101
  • Mar 27, 2011 6:33pm Mar 27, 2011 6:33pm
Quoting infinitus
Hi Larseg,

"Buy -1, 0, 1 Sell +1, 8, 7" refers not to Elliott Wave but Murrey Math trading lines.

For a buy you best wait till price is at the -1, 0 or 1 line, for a high probability sell you choose the +1, 8 or 7 line.

I prefere the -1 for a buy or the +1 for a sell when price reaches this area for the first time. At first time chances are over 95% that price will reverse here for at least 2-4 trading lines.
I see why I got confused
I have heard about murrey math but I dont use it, thanks for explaining it infinitus.
  • #414,102
  • Mar 27, 2011 6:38pm Mar 27, 2011 6:38pm
Quoting gatorinla
then 4009 and r 4003.3
what came first? the chicken or the egg? (s1)
Attached Image (click to enlarge)
Click to Enlarge Name: quote 2.PNG Size: 7 KB
those who can, do. those who cant, talk about those who can
  • #414,103
  • Mar 27, 2011 6:42pm Mar 27, 2011 6:42pm
Quoting gatorinla
what came first? the chicken or the egg? (s1)
If 4021 fails 4001 is next. Until I see a nice rev. candle I wont buy it. 3978 could be the key, if 4001 fails.
  • #414,104
  • Mar 27, 2011 6:42pm Mar 27, 2011 6:42pm
Quoting gatorinla
s 4089.4
may close at 09 or 12....area.. ride for bounce.. then short after. i had a green light.. but waiting still..
bbl..
those who can, do. those who cant, talk about those who can
  • #414,105
  • Mar 27, 2011 6:43pm Mar 27, 2011 6:43pm
Quoting Venice
Hmm. Red aside, I'm not really understanding this. Yen was still reacting to levels, earthquake or not.
Bullshit...

No matter, not worth an argument at this point V...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #414,106
  • Mar 27, 2011 6:52pm Mar 27, 2011 6:52pm
I think it might hit 1400.. its a nice pivot zone. will see if it will go that low..then I'll look for a reversal
  • #414,107
  • Mar 27, 2011 7:04pm Mar 27, 2011 7:04pm
Quoting Magix
Bullshit...

No matter, not worth an argument at this point V...
The only part I would agree with this statement is where there were no levels. That's when I stay away until they build.

Calm thyself though mate... you a little grumpy tonight? Grab a beer or some bourbon to ease the mind.
  • #414,108
  • Mar 27, 2011 7:06pm Mar 27, 2011 7:06pm
Quoting gatorinla
may close at 09 or 12....area.. ride for bounce.. then short after. i had a green light.. but waiting still..
bbl..
st atm bulls want 4047 and r 49.5 upper mid for 4047 already touched and respected. no bull w/o 49.5
those who can, do. those who cant, talk about those who can
  • #414,109
  • Mar 27, 2011 7:06pm Mar 27, 2011 7:06pm
Quoting Venice
The only part I would agree with this statement is where there were no levels. That's when I stay away until they build.

Calm thyself though mate... you a little grumpy tonight? Grab a beer or some bourbon to ease the mind.
no more bar fights though.
  • #414,110
  • Mar 27, 2011 7:09pm Mar 27, 2011 7:09pm
Quoting pkimnyc
no more bar fights though.
Or both. I've really been enjoying this Kentucky Bourbon Ale beer lately. Infact, I think I'm going to go grab one.
  • #414,111
  • Mar 27, 2011 7:09pm Mar 27, 2011 7:09pm
Quoting T@rantula
If 4021 fails 4001 is next. Until I see a nice rev. candle I wont buy it. 3978 could be the key, if 4001 fails.
i was just showing 09 meant something before the weekly grabbed it.
those who can, do. those who cant, talk about those who can
  • #414,112
  • Mar 27, 2011 7:09pm Mar 27, 2011 7:09pm
Hi all,

Some interesting reading across the thread since I left on Friday night

4 hourly chart, are we going to finally see it break low after failing to hold the break of the upper line, or will the lower line hold again.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 90 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #414,113
  • Mar 27, 2011 7:10pm Mar 27, 2011 7:10pm
Quoting Venice
The only part I would agree with this statement is where there were no new levels. That's when I stay away

Calm thyself though mate... you a little grumpy tonight? Grab a beer or some bourbon to ease the mind.
Already into a couple cold beers brother...

All good...

Exactly what I meant...where are the historical levels and how relevant were they on the dragon and USDJPY...

Sure, one could argue on the EJ bottom, but really...the weekly range defied typical levels and anybody that nailed that from top to bottom was either driving the bus, or completely full of shit.

I know 3 traders who are job hunting now on their trades on that alone...

FWIW...I am not one of them...lol...

Red's performance was top notch this weekend, and ended up just leaking the truth...he is a gambler...picking tops and bottoms until shit gets real...

Of course, that really doesn't stop his bullshit, so maybe right now, as he sits in his bath, waiting to drop his hair dryer in with him on his next margin, will maybe teach some others just like him...

Not to drink and drive....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #414,114
  • Mar 27, 2011 7:11pm Mar 27, 2011 7:11pm
Quoting gatorinla
st atm bulls want 4047 and r 49.5 upper mid for 4047 already touched and respected. no bull w/o 49.5

gator.. what do you mean by 'st' ?
  • #414,115
  • Mar 27, 2011 7:13pm Mar 27, 2011 7:13pm
Quoting jaylovin
gator.. what do you mean by 'st' ?
short term
  • #414,116
  • Mar 27, 2011 7:14pm Mar 27, 2011 7:14pm
Quoting Venice
short term

aha thanks
  • #414,117
  • Mar 27, 2011 7:16pm Mar 27, 2011 7:16pm
Quoting Magix
Already into a couple cold beers brother...

All good...

Exactly what I meant...where are the historical levels and how relevant were they on the dragon and USDJPY...

Sure, one could argue on the EJ bottom, but really...the weekly range defied typical levels and anybody that nailed that from top to bottom was either driving the bus, or completely full of shit.

I know 3 traders who are job hunting now on their trades on that alone...

FWIW...I am not one of them...lol...

Red's performance was top notch this weekend, and ended up just leaking...
Yeah no way on that for me. I only trade the blue skies breakouts on the actual break. Nothing to trade against beyond that, but even still on the 5m once levels are rebuilt they are golden.

Sorry to hear about those trades of the people you know. Over leverage will always sneak up on us. That's why a maximum of 5% for me is risked on any one trade. And that's when i'm feeling frisky.
  • #414,118
  • Mar 27, 2011 7:18pm Mar 27, 2011 7:18pm
Quoting gatorinla
st atm bulls want 4047 and r 49.5 upper mid for 4047 already touched and respected. no bull w/o 49.5
chart to go with it.
Attached Image
those who can, do. those who cant, talk about those who can
  • #414,119
  • Mar 27, 2011 7:23pm Mar 27, 2011 7:23pm
out at 37... green light usually good for 40.. so it puts us at 63.. i may have fu.. because 39 was a predictive bear target. they usually become soft s/r. but after hitting it we slipped lower then normal..% wise. so this may be the bounce for 39..
those who can, do. those who cant, talk about those who can
  • #414,120
  • Edited 7:50pm Mar 27, 2011 7:33pm | Edited 7:50pm
Quoting jaylovin
checking mail in 10... in the meantime long from 1.4030.. TP 1.4185.. SL at BE
This is one way of making a Channel.

4HR Chart.. Attached present and previous chart

If the lower trendline breaks ..next support is sitting st 1.3801...and then finally 1.3680.

As For the above 1.4366 makes the resistence...10 pips above that ..donot short this...as Market will get very Bullish with resistence at 1.4441 (Gator also mentioned that level if I remember it correct)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 HR EU.jpg Size: 210 KB
Click to Enlarge Name: 4 hr channel.jpg Size: 167 KB
Click to Enlarge Name: EU2.jpg Size: 99 KB
Markets are not Random, they are designed!
1,401 traders viewing now