EURUSD | Page 25273 | 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

  • #505,441
  • Aug 1, 2011 11:58am Aug 1, 2011 11:58am
Quoting AllyB
in your dreams
Wow....now Gator is my hero
  • #505,442
  • Aug 1, 2011 11:59am Aug 1, 2011 11:59am
My h1 chart:

Attached Image (click to enlarge)
Click to Enlarge Name: h1.png Size: 49 KB
  • #505,443
  • Aug 1, 2011 11:59am Aug 1, 2011 11:59am
Quoting Nighttrader
It was up during the 10 days before that so I would say thursday and friday was the retrace for more bull. Should be if taking the last months as a sideway then and not caring about that the last two weeks was up.
But what do the last 10 days have to do with the price of tea in china?

Point being, try and focus on the most recent waves; As far as I was concerned, the up move 'trend' was done on the 27th and has been ever since. Only when the next bear cluster is cleared do I consider us long again.
  • #505,444
  • Aug 1, 2011 11:59am Aug 1, 2011 11:59am
Quoting PayTheLimit
bastards......yesterdays low mofu, on the retest...
yes... yes .bastards
  • #505,445
  • Aug 1, 2011 12:00pm Aug 1, 2011 12:00pm
Quoting Nighttrader
Amaze me a little bit how many seems to catch the short today. Are you all countertrend traders? To me it looks like a trade against the trend if not looking at only 5 minute bars. Hourly pointing upwards all day at least until the close below 4350 and then it was still above daily pivot and would have been just a lottery to take a chance at ISM. Even the past daily bars had tails to the downside warning for a coming up bar confirmation.

Looking only on that 5 minute bar trend goes so wrong many times but that might be just me.
74.28 may put the brakes on the eu bounce. other levels on the chart
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.PNG Size: 19 KB
those who can, do. those who cant, talk about those who can
  • #505,446
  • Aug 1, 2011 12:00pm Aug 1, 2011 12:00pm
Quoting gatorinla
i hope in a gargling sound.. in a nice, kinda smoke a cigarete way.

and i dont even smoke.
nice stop on the pink again up top...
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 18 KB
Look Sharp/Trade Tight
  • #505,447
  • Aug 1, 2011 12:02pm Aug 1, 2011 12:02pm
Quoting PayTheLimit
what are the countertrend police...
Well if the traders are only looking on 5 minute bars today then it's not countertrend. But any sell on hourly or daily is countertrend for me as ema20 on them is up.
  • #505,448
  • Aug 1, 2011 12:02pm Aug 1, 2011 12:02pm
Quoting AllyB
in your dreams
those who can, do. those who cant, talk about those who can
  • #505,449
  • Aug 1, 2011 12:02pm Aug 1, 2011 12:02pm
Quoting gatorinla
74.28 may put the brakes on the eu bounce. other levels on the chart
I have 4243. Let's see.
  • #505,450
  • Aug 1, 2011 12:04pm Aug 1, 2011 12:04pm
Quoting chess king
yes... yes .bastards
right...
Look Sharp/Trade Tight
  • #505,451
  • Aug 1, 2011 12:05pm Aug 1, 2011 12:05pm
Quoting PayTheLimit
right...
  • #505,452
  • Aug 1, 2011 12:06pm Aug 1, 2011 12:06pm
It looks like that red line is of some importance:

Attached Image (click to enlarge)
Click to Enlarge Name: h1a.png Size: 53 KB
  • #505,453
  • Aug 1, 2011 12:07pm Aug 1, 2011 12:07pm
Quoting Nighttrader
Well if the traders are only looking on 5 minute bars today then it's not countertrend. But any sell on hourly or daily is countertrend for me as ema20 on them is up.
well I guess I was trading countertrend today, thanks for pointing it out...
Look Sharp/Trade Tight
  • #505,454
  • Aug 1, 2011 12:08pm Aug 1, 2011 12:08pm
Gator, can u show me on a chart with regards to this .. "..broken candles.. a good head fake clue " .. and earlier u said "cross on broken candles don't last." .. issit the same thing ? Thanks in advance.
You gotta know when to hold 'em, know when to fold 'em ...
  • #505,455
  • Aug 1, 2011 12:08pm Aug 1, 2011 12:08pm
Quoting Venice
I have 4243. Let's see.
74.27 is the low... between the 2, both hit your resistance and my support. at the same time
those who can, do. those who cant, talk about those who can
  • #505,456
  • Aug 1, 2011 12:08pm Aug 1, 2011 12:08pm
Quoting Nighttrader
Amaze me a little bit how many seems to catch the short today. Are you all countertrend traders? To me it looks like a trade against the trend if not looking at only 5 minute bars. Hourly pointing upwards all day at least until the close below 4350 and then it was still above daily pivot and would have been just a lottery to take a chance at ISM. Even the past daily bars had tails to the downside warning for a coming up bar confirmation.

Looking only on that 5 minute bar trend goes so wrong many times but that might be just me.

I'm glad I'm not the only one that saw this. The 5 min was breaking down, but all longer time frames were pointing up.

I think anyone that was in this short from the highs got lucky on a news gamble, but congrats on the big pay off nonetheless.
  • #505,457
  • Aug 1, 2011 12:09pm Aug 1, 2011 12:09pm
Quoting Venice
But what do the last 10 days have to do with the price of tea in china?

Point being, try and focus on the most recent waves; As far as I was concerned, the up move 'trend' was done on the 27th and has been ever since. Only when the next bear cluster is cleared do I consider us long again.
+1

@Nighttrader
ema20 is a pretty poor way of defining a trend. not that it can't help, but relying strictly on it will put you in a position like today - you're just gonna miss things.
big numbers are our friends...
  • #505,458
  • Aug 1, 2011 12:10pm Aug 1, 2011 12:10pm
NIKKEI reports Japanese intervention!? http://www.forexfactory.com/news.php?do=news&id=307191

All aboard the train north?
  • #505,459
  • Aug 1, 2011 12:13pm Aug 1, 2011 12:13pm
Quoting darimik
big candles depending on what the politicians say, I would say a bounce most likely.. but who knows. I am still holding, and will be holding.. going to get some foods

Attachment
question is how big... 38 is one. where as 78 is another.

Attached Image
  • #505,460
  • Aug 1, 2011 12:13pm Aug 1, 2011 12:13pm
Quoting Venice
But what do the last 10 days have to do with the price of tea in china?

Point being, try and focus on the most recent waves; As far as I was concerned, the up move 'trend' was done on the 27th and has been ever since. Only when the next bear cluster is cleared do I consider us long again.
Yea I agree the recent waves in hourly could be taken as a trend down at around 27th but for me after fridays big shots up it realy does not feels bear anymore.
726 traders viewing now, 2 are registered:
wojt3k
,
F.g