EURUSD | Page 27536 | 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

  • #550,701
  • Oct 15, 2011 5:02pm Oct 15, 2011 5:02pm
Quoting Chicky
a currency trader is exposed to general factors determining it's parity with other currencies. These factors are highly uncertain and can be influenced by the central banks. Therefore, currency market is a highly volatile market and no one on earth can speculate a currency's future direction based on factors moving them. Therefore, trading based on price behavior becomes more important than trading based on speculation.
Since we cannot speculate currency prices with any reasonable amount of accuracy, MARKET IS ALWAYS RIGHT.
  • #550,702
  • Oct 15, 2011 6:36pm Oct 15, 2011 6:36pm
Quoting Link
if the politican give what these protester what they want, the whole us economy system might collapse. maybe banks have realize this, and this why they start shorting the Dollar
people will never get what they want from politicians . because politicians can't give what they don't have !

we are in a very big Casino and politicians are the card dealers .

and no matter how loud you scream at the card dealer he won't give you your money back , in fact the casino security will kick your ass !.
I SEE YOU !!
  • #550,703
  • Oct 15, 2011 7:17pm Oct 15, 2011 7:17pm
Interesting read

Euro rise over the past few weeks;

"which in turn leads all algos to treat a rise in the EURUSD as a buying signal."

To me this is the real headfake, as the signal is generated off of specific parameters, if no human intervention, walla big head fake, buy, buy, buy when it should be hold what you got (ok for day trading I guess)

"Which means that the ever so gullible equity market has just experienced one of the biggest headfakes in history, and has misinterpreted a pervasive European, though mostly French, scramble to procure liquidity at any cost by dumping various USD-denominated assets, as a risk on signal!"


http://www.zerohedge.com/news/bigges...o-and-sp-surge
Never been vouched
  • #550,704
  • Oct 15, 2011 8:22pm Oct 15, 2011 8:22pm
Quoting Wavetimes
Hello Fellow Traders, I thought those of you who are interested in Elliott Wave Analysis would find the attached charts interesting. Enjoy.
Wavetimes, I like your chart. I would like to point out that standard wisdom says that if wave 2 is mild, then wave 4 is severe. Wave 2 one your chart is mild, so wave 4 is more likely than not to be severe. How severe? Well, 1.35 looks good at .382, as does 1.34 at .236.
Kill the ego, or it will kill the mission.
  • #550,705
  • Oct 15, 2011 8:32pm Oct 15, 2011 8:32pm
Quoting infinitus
Hi Aaron,

lately the risk on/risk off argumentation is very popular. But this is only true as it lasts.

Watch at Gold over the last weeks. It experienced its biggest drop right at the time when the USD gained strongly against the EUR and other currencies.

Food for thought.........
lol. Things only work until they stop working. Gold is pretty flat on the dollar, maybe slighting bullish. So since the dollar is falling, gold is also going down. Compare gold to the Euro and you will see that the price of gold is collapsing.

Gold is interesting. It is not a true currency. Most of the time it behaves like a risk off currency though. But when things are really bad, it reverts to commodity like behavior.
Kill the ego, or it will kill the mission.
  • #550,706
  • Oct 15, 2011 9:46pm Oct 15, 2011 9:46pm
[quote=Chicky;5043573]
Once said that, since currencies offer no individual trading units, a currency trader is exposed to general factors determining it's parity with other currencies. These factors are highly uncertain and can be influenced by the central banks. Therefore, currency market is a highly volatile market and no one on earth can speculate a currency's future direction based on factors moving them. Therefore, trading based on price behavior becomes more important than trading based on speculation.

  • #550,707
  • Oct 15, 2011 10:02pm Oct 15, 2011 10:02pm
Quoting Link
I had a margin call this week ( i short 100 pip from the bottom think that the price would fall at that moment with a high amount of leverage, we all make mistakes I guess ) because of the rising. I continu to short, but now I realise that might be a bad Idea. On Canada, more and more people start talking about rally on wall street. Now, we also have rally on montreal. This movement is increasing day after day. How big could it reach.... no one know, but if the politican give what these protester what they want, the whole us economy system might...
Sorry bout yer loss dude, but I think that when I speak, I speak for all of the rest of the Canadians in saying, don't be an idiot.

Seriously, stop listening to the chatter and start paying attention to the charts. Even if ya don't get every last pip that market has to offer, hopefully ya surely firgure out the general trend and where to drop a duece...ever wonder why just as soon as you are ready to go short, market goes long and vice versa? Think this might be one of them times?

Ima give ya a couple of charts to look at, and recommend that before market opens you have a look through you everything you have time for HERE.

From there dude...shake it off, fuckem..ya took a beat down, time to stand up and show what ya learned from market. Taking only winning trades makes ya a cherry picker, taking a loss don't make you a loser, having a margin call is what you should use to decide your next market steps.

Take another one forward, or just walk away...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: d1.jpg Size: 106 KB
Click to Enlarge Name: d2.jpg Size: 103 KB
Click to Enlarge Name: d3.jpg Size: 103 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #550,708
  • Oct 15, 2011 10:03pm Oct 15, 2011 10:03pm
Quoting Chicky
Since we cannot speculate currency prices with any reasonable amount of accuracy, MARKET IS ALWAYS RIGHT.
Hmmm Chicky, not so sure about that.

If I multiply the color of my right middle toe nail at 6 AM Eastern Time by the number of pretty legged young ladies I see between 10 and 11 AM, and divide that by the exchange rate from an hour earlier and the outcome is positive, I know I have to go short.
This works about 50% of the time, guaranteed.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #550,709
  • Oct 15, 2011 10:09pm Oct 15, 2011 10:09pm
Quoting KillerWhale
Hmmm Chicky, not so sure about that.

If I multiply the color of my right middle toe nail at 6 AM Eastern Time by the number of pretty legged young ladies I see between 10 and 11 AM, and divide that by the exchange rate from an hour earlier and the outcome is positive, I know I have to go short.
This works about 50% of the time, guaranteed.
And this is why, a 14 year old who has only been a member since August has hit +10v before you..

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #550,710
  • Oct 15, 2011 10:13pm Oct 15, 2011 10:13pm
Quoting AaronWard
Wavetimes, I like your chart. I would like to point out that standard wisdom says that if wave 2 is mild, then wave 4 is severe. Wave 2 one your chart is mild, so wave 4 is more likely than not to be severe. How severe? Well, 1.35 looks good at .382, as does 1.34 at .236.
AaronWard, wave 2 was a complex correction ( where the "b"wave had an irregular top). As per the wave principle, corrections tend to alternate in complexity. As wave 2 was complex, wave 4 was anticipated to be simple, which indeed has happened by dip to 13685 lvls. Now we are in the fifth wave.
  • #550,711
  • Edited 10:53pm Oct 15, 2011 10:22pm | Edited 10:53pm
Quoting Magix
And this is why, a 14 year old who has only been a member since August has hit +10v before you..

Lol, if I was here to gain V's, then I would work on them and would have had them years ago.

And Magix, why didn't you vouch for him?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #550,712
  • Oct 15, 2011 10:40pm Oct 15, 2011 10:40pm
Quoting KillerWhale
Lol, if I was here to gain V's, then I would work on them and would have had them years ago.
What can we do with FF's vouchers in real life?
  • #550,713
  • Oct 15, 2011 10:40pm Oct 15, 2011 10:40pm
Quoting Wavetimes
AaronWard, wave 2 was a complex correction ( where the "b"wave had an irregular top). As per the wave principle, corrections tend to alternate in complexity. As wave 2 was complex, wave 4 was anticipated to be simple, which indeed has happened by dip to 13685 lvls. Now we are in the fifth wave.
Correct me if I am wrong, but according to your charts we are on wave 5 of a larger wave 3. The larger wave 4 should be played out over the next 2-3 days.
Kill the ego, or it will kill the mission.
  • #550,714
  • Oct 15, 2011 11:11pm Oct 15, 2011 11:11pm
Quoting Magix
Sorry bout yer loss dude, but I think that when I speak, I speak for all of the rest of the Canadians in saying, don't be an idiot.

Seriously, stop listening to the chatter and start paying attention to the charts. Even if ya don't get every last pip that market has to offer, hopefully ya surely firgure out the general trend and where to drop a duece...ever wonder why just as soon as you are ready to go short, market goes long and vice versa? Think this might be one of them times?

Ima give ya a couple of charts to look at, and recommend...
Thank you for your advice

I see you often use the USDX chart. My broker doesnt have this chart. Who s your broker ?
  • #550,715
  • Oct 15, 2011 11:53pm Oct 15, 2011 11:53pm
Quoting Link
Thank you for your advice

I see you often use the USDX chart. My broker doesnt have this chart. Who s your broker ?
USDX - Windsor Direct.

I don't trade with em, but love their charts. They are one of the few remaining brokers that only use 4 digits, (easy math and clears away the chop in tight ranges) and have the USDX...

Never a bad idea to have a second set of eyes.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #550,716
  • Oct 15, 2011 11:54pm Oct 15, 2011 11:54pm
Quoting clc4x
What can we do with FF's vouchers in real life?
With my FF vouch count and 8 bucks, I can get a coffee almost anyplace!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #550,717
  • Oct 15, 2011 11:57pm Oct 15, 2011 11:57pm
Quoting clc4x
What can we do with FF's vouchers in real life?
Same that you can with paper...

Make sure you trust the source. Trust who your passing it to.

So...not a lot, really.
  • #550,718
  • Oct 15, 2011 11:59pm Oct 15, 2011 11:59pm
Quoting Magix
With my FF vouch count and 8 bucks, I can get a coffee almost anyplace!
Gawd dammit!

Stop cutting in, mofo!


2 fakking, mother fawking minutes!!
  • #550,719
  • Oct 16, 2011 1:57am Oct 16, 2011 1:57am
Quoting clc4x
What can we do with FF's vouchers in real life?
You don’t understand because your only 4V,if your 10+V you can get any girl or any job you like, just show your FF profile, amazing sh!t, I think I will write a book about it.
  • #550,720
  • Oct 16, 2011 2:33am Oct 16, 2011 2:33am
Quoting GoldMan.
You don’t understand because your only 4V,if your 10+V you can get any girl or any job you like, just show your FF profile, amazing sh!t, I think I will write a book about it.
^Trust this man^

He's either ugly, bad, or a whore...

I forget which order...

big whoop.
1,104 traders viewing now