EURUSD | Page 26798 | 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

  • #535,941
  • Sep 8, 2011 9:21am Sep 8, 2011 9:21am
Quoting thelws
that is called use a stop loss. you got served by snb.

long xplanation:
price patterns happen because smart money anticipates. it makes the patterns you see on the charts in a usual environment.

if smart money can't anticipate, they can't form a price pattern.

news moves markets. not technicals. people anticipate the outcome of news and that forms the technicals. that's how it works.

for us, we have it easy. we just follow the technicals and don't have to care about fundamentals. from time to time we are wrong. but that's fine. also use a stop...
so you want me to chose between keeping my profits flat all the time or getting my profits back to flat once and every while?? umm tuff choice...
When life gives you lemons, make lemonade
  • #535,942
  • Sep 8, 2011 9:21am Sep 8, 2011 9:21am
Quoting micho
anybody explains this technically to me. (technically and not the bullshit fundamental view) i believe in science and i am a pure technical trader who can nail 10 trades in a row but one trade like this every 10 trades ruins all the profits. if science cannot explain what happened in this chart then trading means losing money. (please don't tell me about some economical prospects or whatever, i am not a magician who can guess what is SNB thinking about doing in this second or the other...)
SNB has been warning the markets for weeks now, this intervention was expected, we knew this is coming 2 weeks in advance

technically 1 hour chart HAD given the hint before it happened.
Attached Image
  • #535,943
  • Sep 8, 2011 9:22am Sep 8, 2011 9:22am
Quoting micho
anybody explains this technically to me. (technically and not the bullshit fundamental view) i believe in science and i am a pure technical trader who can nail 10 trades in a row but one trade like this every 10 trades ruins all the profits. if science cannot explain what happened in this chart then trading means losing money. (please don't tell me about some economical prospects or whatever, i am not a magician who can guess what is SNB thinking about doing in this second or the other...)
I'm sorry for your loss, mate. I long the pair yesterday along with gbpchf & eurchf and already closed the position and personally, I expect it will retrace back about 38 - 50% of the uptrend but I won't be shorting it, I'm just not comfortable to short swissy atm.

The explaination is at the monthly, weekly and also daily.. You can see long tailed hammer in all the timeframe which indicates a change of direction.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 29 KB
Click to Enlarge Name: chart 2.gif Size: 25 KB
Click to Enlarge Name: chart 3.gif Size: 25 KB
  • #535,944
  • Sep 8, 2011 9:22am Sep 8, 2011 9:22am
if forex cannot be explained by science or natural laws of maths then why the fuck are we here?

news should be priced in when all the mother fucking trade institutions are equal in asset but with such a fucking market where few are the masters and the majority are the slaves, why do we bother?
When life gives you lemons, make lemonade
  • #535,945
  • Sep 8, 2011 9:23am Sep 8, 2011 9:23am
We will see 1.36 soon, but for braves to open trades here, my advise it is to wide your SL, PA can see a fast up move to 1.4077 area again.
  • #535,946
  • Sep 8, 2011 9:24am Sep 8, 2011 9:24am
Quoting Motion
Let's assume you have a broadband connection and therefore your connection is fast, your broker would be???
i use my broadband with my pda..same thing happend.."off quotes"..it might be infected too..
I'm learning to trust my own charts..
  • #535,947
  • Sep 8, 2011 9:25am Sep 8, 2011 9:25am
Quoting Anis
"off quotes" again..
any suggestion?

try to restart the platform but you should change your broker
  • #535,948
  • Sep 8, 2011 9:25am Sep 8, 2011 9:25am
Quoting birnbaum
[IMG]file:///C:/DOKUME%7E1/roberto/LOKALE%7E1/Temp/moz-screenshot-95.png[/IMG]
no divergenz? see this! they just wait for the right moment.
fine but i am trading a small daily trend... why would i bother about the divergence only on the monthly chart?!?!?!? in this case you end up not trading at all because you will find some reason not to in every situation
When life gives you lemons, make lemonade
  • #535,949
  • Sep 8, 2011 9:27am Sep 8, 2011 9:27am
Quoting Anis
hmm..i forgot about that too..the last time it happened, i formatted my laptop and reinstalled everything again and it worked out fine..but it's time consuming..might do it over the weekend..
the broker might have send some bugs w/o our knowledge..what do u think..?
may be bugs bunny lol, does your broker allow you to scalp as some dont like it when traders scalp or hedge ,it might be a good idea to just change the broker if the problems not solved in near future ,I also heard from someone in here tht his broker once did not let him log-in as he wanted to close his trade making the profit of $4000 plus all they said was the system was down and for tht reason he only got $1800 as not able to close it in right time ,and customer service dont help at all ,bloody scamming brokers
  • #535,950
  • Sep 8, 2011 9:31am Sep 8, 2011 9:31am
Quoting hindustani
SNB has been warning the markets for weeks now, this intervention was expected, we knew this is coming 2 weeks in advance

technically 1 hour chart HAD given the hint before it happened.
To bad you indicators all repaint and the chart didn't look like that prior to it happening.
  • #535,951
  • Sep 8, 2011 9:32am Sep 8, 2011 9:32am
Quoting micho
if forex cannot be explained by science or natural laws of maths then why the fuck are we here?

news should be priced in when all the mother fucking trade institutions are equal in asset but with such a fucking market where few are the masters and the majority are the slaves, why do we bother?
What maths and science attempts to do is to quantify human logic and emotions. At usual times it does this well. In irrational times, it cannot.

SNB intervention was an irrational one. It was unexpected. A black swan. A random event. It will happen and it will happen again in your trading career. There is no way you or even soros can predict.

Again, fundamentals ultimately moves markets. Not technicals. Without news reporting anything, no smart money will know what to do. In that case, they won't put any money in unison and you will get random movements.

Price patterns happen because of something or in anticipation of something. It is a byproduct of expecting or reacting to news.

Price patterns do not cause news to turn out the way they do. Is this logical to you? And to that end, unexpected news will always happen. There is no way you can factor those kinda things in. Which is why we need stop losses.
  • #535,952
  • Sep 8, 2011 9:32am Sep 8, 2011 9:32am
Quoting micho
what about this? the first chart is the monthly and the second is the weekly... again huge pin bar on the monthly.... nothing happened and trend continued.... any other explaination?
To tell you the truth don't see any huge pinbar on your monthly chart.
This is my chart, and this pinbar in yellow is really huge, don't have on my chart nothing similar 'cause it's really huge , and when that happened SCB already started interven.
I saw your sell entry, in my opinion, you entered into the compression, you didn't wait for a break on either way.

Attached Image (click to enlarge)
Click to Enlarge Name: 44.png Size: 32 KB
  • #535,953
  • Sep 8, 2011 9:33am Sep 8, 2011 9:33am
Quoting micho
fine but i am trading a small daily trend... why would i bother about the divergence only on the monthly chart?!?!?!? in this case you end up not trading at all because you will find some reason not to in every situation
ok you do, they dont.

if you look on the last 3 week cndles you will see a 1candle hit on the trend linie 2canlde confirmation on the monthly pivot an a break.

and on daily charts is seems not do be a down trend
Attached Image
  • #535,954
  • Sep 8, 2011 9:33am Sep 8, 2011 9:33am
Quoting BoredToLoose
We will see 1.36 soon, but for braves to open trades here, my advise it is to wide your SL, PA can see a fast up move to 1.4077 area again.
Hope not that case , a 5th failure still go low again to have correction to that level for the shortest cut bear . otherwise down to continue before the same . support below & scalping also ok limit up 4029 intact to stop . so with breaks support & low will target conservative 3870.
thanks .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #535,955
  • Sep 8, 2011 9:35am Sep 8, 2011 9:35am
Quoting BlueCirrus
Here's a chart that I originally posted on August 21, 2011.

The squiggle (small time frame) count at the top of the "B" wave was off by a few pips, but the bigger picture seems to be playing out as presented here.

I'm currently watching the 1.4185 area for another shorting opportunity to the 1.3920 to 1.3940 area.

After that, we may be heading up.....Remember, people tend to be most bearish at market bottoms and most bullish at market tops.

Note: If the low at the far left side of this chart labeled "E" is taken out, then this scenario...

Did not get the last shorting opportunity, but this roadmap has worked pretty well for the last 2 1/2 weeks.....Let's see if it continues to work!
Attached Image (click to enlarge)
Click to Enlarge Name: ew8212011.gif Size: 23 KB
  • #535,956
  • Sep 8, 2011 9:36am Sep 8, 2011 9:36am
Quoting Ali Euro
Hi Buddies,

I am new in this. I am loosing (floating around -1900) at the moment as did the below; buy open at 1.4376, 1.4343, 1.4267, 1.4281).

Any one help me to get rid of this situation. Really disturbing.

Thanks in advance.
Take the losses and see your new balance as 100% again.
Don't just beat the markets, leave bruises.
  • #535,957
  • Sep 8, 2011 9:39am Sep 8, 2011 9:39am
Quoting BlueCirrus
Did not get the last shorting opportunity, but this roadmap has worked pretty well for the last 2 1/2 weeks.....Let's see if it continues to work!
nice plan....
above 4500 probably some more rooms for up...
Patience, Emotion Control and Discipline.
  • #535,958
  • Sep 8, 2011 9:40am Sep 8, 2011 9:40am
Quoting thelws
What maths and science attempts to do is to quantify human logic and emotions. At usual times it does this well. In irrational times, it cannot.

SNB intervention was an irrational one. It was unexpected. A black swan. A random event. It will happen and it will happen again in your trading career. There is no way you or even soros can predict.

Again, fundamentals ultimately moves markets. Not technicals. Without news reporting anything, no smart money will know what to do. In that case, they won't put any money in unison and you will get random...
well this is your view. my view is that news is already priced in and unexpected disasters/news will move the market in the news direction YES but it should not be able to do so against math which means you should hit the technical targets against the logic of the news first and then start reversing because of the news... because the money is accumulation of the past not only the present...

the only explaination of such shit reversals to me is that: few players are much much bigger than most of the other players, they can simply move the market the way they want because they have the biggest share of the market... and if that is correct then there is no fucking point in trading

another thing i want to point out, i was able to do 25% of my live account every month before 2008, tested since 1999... while i was sleeping and letting my EA run ... after the recession in 2008, the fucking forex market CHANGED!!! i dont know what they did to make it change but it did
When life gives you lemons, make lemonade
  • #535,959
  • Sep 8, 2011 9:41am Sep 8, 2011 9:41am
Quoting fontu
Hope not that case , a 5th failure still go low again to have correction to that level for the shortest cut bear . otherwise down to continue before the same . support below & scalping also ok limit up 4029 intact to stop . so with breaks support & low will target conservative 3870.
thanks .
fontu
I'm with you on the 1.3870 target........and by the way thanks for hanging out with us....
  • #535,960
  • Sep 8, 2011 9:43am Sep 8, 2011 9:43am
Quoting hindustani
SNB has been warning the markets for weeks now, this intervention was expected, we knew this is coming 2 weeks in advance

technically 1 hour chart HAD given the hint before it happened.

oh come on dont tell me because of the cross of moving averages this happened... haha moving averages are crap...
When life gives you lemons, make lemonade
385 traders viewing now