EURUSD | Page 23656 | 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

  • #473,101
  • Jun 27, 2011 10:17am Jun 27, 2011 10:17am
Quoting PayTheLimit
it the first real atempt to put a finger in the damn, market when home looking to break 4000 today, I was so bearish this morning, I couldnt stand it, glad I faded myself...
From a strictly technical (economics) point of view what is happening is default mate. The current move is first a short squeeze...after and above.... not yet...

Disagree that is an attempt to stop the problem but actually the opposite they are recognizing that private debt holders (i.e EZ banks) are going to suffer heavy losses and that move is just politics and public intervention (like usual since the recession, public money bailing out bad investments) aiming to minimize (spread across 2 or 3 yearly balances) the impact in the banks balance sheets.

In any case, key 1.428x in play. Let see.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #473,102
  • Jun 27, 2011 10:17am Jun 27, 2011 10:17am
Quoting gatorinla
s4285 not a scalp
hehe.
  • #473,103
  • Jun 27, 2011 10:21am Jun 27, 2011 10:21am
Quoting T@rantula
hehe.
lol, got to love it. The amazing part... risking only 3 pips for these moves.
  • #473,104
  • Jun 27, 2011 10:21am Jun 27, 2011 10:21am
Quoting Venice
lol, got to love it.
Exactly especially when posted Live pre fact
  • #473,105
  • Jun 27, 2011 10:22am Jun 27, 2011 10:22am
Quoting gatorinla
s4285 not a scalp
out at 4266.. pending shorts at 4303 and 4305.
those who can, do. those who cant, talk about those who can
  • #473,106
  • Jun 27, 2011 10:23am Jun 27, 2011 10:23am
Quoting Dr.Zain
Hi
Magix this is Dr Zain. 10 hrs ago " I long @ 1.4228" I asked an advise if i retain this or quit, you asked me if i am in live Trading Plateform , you advised me to Close the Trade, Close the Plate from and not lose the money, Sir i quit the position almost at BE, Euro bouncd at about 1.4300 now and i need your honest opinion about todays advise.
You probably don't understand why we here in this thread ,we here to help each other,and just talk ,because trading is a lonely business,but some of us spend a lots of years to get where we are ,and you know opinions just like a nose everybody has one ),so if you are looking for a signal service ,it is a lots of them around and you have to pay for it .Good luck learning
  • #473,107
  • Jun 27, 2011 10:23am Jun 27, 2011 10:23am
Quoting Magix
Oh...

Yeah, I get it...

Like HA, but a little different, ya know me, I am the MA guy...

They are kinda like the ribbons I used to use, these are just a little easier to see and play threw....
what frame do you use this indicator ?

too false signals ?
  • #473,108
  • Jun 27, 2011 10:24am Jun 27, 2011 10:24am
Hi Magix

For your info I think that NFP is now on 8th July


Quoting Magix
Aight...

It is like this....

We have found support on the daily EMA, as well as busted threw daily roll...but have come pretty far pretty fast.

I am still bearish on EURO as a whole, but refuse to let pips walk on by...

I took a short based on hourly resistance and will see where this gets me, but in all honesty, right now, unless we cruise back on threw daily roll, we are long game on the weekly open...

M5 chart on support and daily EMA test and hold...

Now because we are in an NFP week, but the H4 and daily are still to the downside...
  • #473,109
  • Jun 27, 2011 10:24am Jun 27, 2011 10:24am
Quoting Magix


Whu?
Heineken Ashi
  • #473,110
  • Jun 27, 2011 10:24am Jun 27, 2011 10:24am
Quoting T@rantula
Exactly especially when posted Live pre fact
Yep, I don't dare do that. Since I'm on the dailies a whoopsie move could end up causing me a 50 pip or more draw down without actually being wrong. It's still just scaling in at that point. heh
  • #473,111
  • Jun 27, 2011 10:24am Jun 27, 2011 10:24am
Quoting sisse
From a strictly technical (economics) point of view what is happening is default mate. The current move is first a short squeeze...after and above.... not yet...

Disagree that is an attempt to stop the problem but actually the opposite they are recognizing that private debt holders (i.e EZ banks) are going to suffer heavy losses and that move is just politics and public intervention (like usual since the recession, public money bailing out bad investments) aiming to minimize (spread across 2 or 3 yearly balances) the impact in the banks balance...
ok, I agree, first atempt at a default, lol., and sure its could still be a shitty deal for many, but they are manking a better effort to put it to bed so to speak, at any rate it caught the market off guard...
Look Sharp/Trade Tight
  • #473,112
  • Jun 27, 2011 10:25am Jun 27, 2011 10:25am
Though qqe H1 tf remain sharply broken 50 still waiting with short for 4244,12 or 00 before up 4347.Need breaks at 4259 & mofu play at top before that
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 13 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,113
  • Jun 27, 2011 10:25am Jun 27, 2011 10:25am
Quoting T@rantula
Its not my system. Andrew Cardwell explained it. I can show u 100 +examples of a common misconception for OB OS...

100? hmm better to say 500+ on each single currency pair. RSI trading is advanced trading not for beginners.
well i cant say i m well experienced ..not getting into arguments here but still i m experienced enough to catch or predict a move more clearly and much better than a beginner trader does...

i m not asking/suggesting anyone to trade only rsi at 30/70 levels that is ofcourse well known fact as you stated...levels are just and indication only that a possible top may be forming soon when rsi above 70 and prices is touching or near resistance ....
or vice-versa
heres what i mean.. look here for example ...
Attached Image
  • #473,114
  • Jun 27, 2011 10:25am Jun 27, 2011 10:25am
Quoting Venice
Yep, I don't dare do that. Since I'm on the dailies a whoopsie move could end up causing me a 50 pip or more draw down without actually being wrong.
EU was driven by some news..bah.

Shorting the rally ofc.
  • #473,115
  • Jun 27, 2011 10:25am Jun 27, 2011 10:25am
Quoting sisse
From a strictly technical (economics) point of view what is happening is default mate.

... they are recognizing that private debt holders (i.e EZ banks) are going to suffer heavy losses and that move is just politics and public intervention aiming to minimize (spread across 2 or 3 yearly balances) the impact in the banks balance sheets.
sisse
Agree with that. That is why PTL's analogy to Brady bonds is apt. If the capital and liquidity are simply not there, there is no alternative other than replacing it, as you say, by some sort of public intervention, from an entity which by fiat and by definition has unlimited supply of both.

But because it moves the fate of the system out into the future again, it takes a lot of the pressure off the currency.
  • #473,116
  • Jun 27, 2011 10:28am Jun 27, 2011 10:28am
Quoting PayTheLimit
ok, I agree, first atempt at a default, lol., and sure its could still be a shitty deal for many, but they are manking a better effort to put it to bed so to speak, at any rate it caught the market off guard...
not out of the blue, tbh. we stalled and bounced off of a big tl and retraced 50% on one and 61.2% on another swing, when the burst happened based on class-a news.
Attached Images
  • #473,117
  • Jun 27, 2011 10:28am Jun 27, 2011 10:28am
For Greece, a loan/bailout/default or what ever terms they are, is not making you richer. Whatever they want to twist it, it's still a loan you have to pay.
  • #473,118
  • Jun 27, 2011 10:28am Jun 27, 2011 10:28am
Quoting Dr.Zain
Hi
Magix this is Dr Zain. 10 hrs ago " I long @ 1.4228" I asked an advise if i retain this or quit, you asked me if i am in live Trading Plateform , you advised me to Close the Trade, Close the Plate from and not lose the money, Sir i quit the position almost at BE, Euro bouncd at about 1.4300 now and i need your honest opinion about todays advise.
My advice, consult the great zoltan in future..
Inserted Video
  • #473,119
  • Jun 27, 2011 10:30am Jun 27, 2011 10:30am
OK this is my farewell, wanted to thank all you Guys who've helped me recently.

After 8 months I still can't make a decent profit so sadly it's back to the day job....if only...

Took my last trade today on the break of the pinbar this morning (London) on the H4 and guess what stuffed again.

I'm telling you if you weren't paranoid already Forex is enough to turn you that way, seems every time I entered a trade following every signal/price action confirmation it turns against me and everyone I pass turns a winner!!!!!!

I know you've heard it all before but it's the end of the dream for me, good luck to everyone and thanks again.
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 22 KB
  • #473,120
  • Jun 27, 2011 10:30am Jun 27, 2011 10:30am
[quote=Venice;4729696]So, you got lucky. You were able to exit because of the release of news changed the sentiment of the market.

Also, stop looking at other people on how to trade. Open up a demo account, and start trading, making your mistakes, and learning from them. What do you expect, us to hand you trades on a platinum tray?[/quote
Venice
Sorry Long was @ 1.4128 is stead 1.4228
Thanks for the Polite advise
370 traders viewing now, 1 is registered: