EURUSD | Page 27752 | 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

  • #555,021
  • Oct 27, 2011 2:43am Oct 27, 2011 2:43am
Quoting Forexgain
Opened 2 Lot short position in E/U at 1.4032

My whole money is on the stake...Now my total short in E/U comes to 4 Lot..
2 Lot = 1.3992 (High Risk)
2 Lot = 1.4032 (High Risk) ...

SL = 1.4103 (4 lots)
TP = 1.3842 (4 lots)

Today i will either be in or out from Forex market...
This is the level max i feel for bulls...... above there is vacuum..

Bears will get aggressive here
  • #555,022
  • Oct 27, 2011 2:44am Oct 27, 2011 2:44am
Quoting taxe91
how come so many traders going short when the euro's been rallying so hard?

equity future's pointing north in both europe and ny and the eu summit didnt provide any blatantly negative news either

genuine question im here to learn

It creates so that there is no correlation between the number of shorters. Because currency price is that at which banks are willing to change money... They compares the countries we will not.
I also sure thet shorting 80 % small traders.
Once scalper always scalper
  • #555,023
  • Oct 27, 2011 2:44am Oct 27, 2011 2:44am
Quoting Forexgain
I generally don't trade like this but current momentum in E/U made me put my whole money on the stake and this is the first time in my forex carrier i acted like this.....

Hoping for the best..

Let's see what happens next...

you should never trade like this. Go back and read the chapter on risk management in your trading textbook.
  • #555,024
  • Oct 27, 2011 2:45am Oct 27, 2011 2:45am
Quoting Forexgain
Opened 2 Lot short position in E/U at 1.4032

My whole money is on the stake...Now my total short in E/U comes to 4 Lot..
2 Lot = 1.3992 (High Risk)
2 Lot = 1.4032 (High Risk) ...

SL = 1.4103 (4 lots)
TP = 1.3842 (4 lots)

Today i will either be in or out from Forex market...
I am rather new to this trading.... but I think the market not showing clear signs for going short. I mean - signs clear enough to risk the whole money....

Just plot EMA60 and EMA12 and your daily chart and you will see that the pair "would like" to move up, as EMA12 is about to penetrate EMA60 upwards. This cross (about to happen) is not 100% to guarantee an uptrend, but at least it definitely doesn't suggest a move down.
Its just my opinion.......
  • #555,025
  • Oct 27, 2011 2:47am Oct 27, 2011 2:47am
Quoting FXvenom
I am rather new to this trading.... but I think the market not showing clear signs for going short. I mean - signs clear enough to risk the whole money....

Just plot EMA60 and EMA12 and your daily chart and you will see that the pair "would like" to move up, as EMA12 is about to penetrate EMA60 upwards. This cross (about to happen) is not 100% to guarantee an uptrend, but at least it definitely doesn't suggest a move down.
Its just my opinion.......
Intraday trading is different....and EMA are lagging (like any indicators)....the move is done before it turns
COT: The precious data ignored
  • #555,026
  • Oct 27, 2011 2:47am Oct 27, 2011 2:47am
Quoting MelbTrader
Probably for the same reason why people went long down at 1.38 yesterday when everyone was declaring it was the prelude to a tumble down to 1.35.

There's no harm trading against a trend, but you have to have a reason for it, and those reasons can and should include things like patterns, important support and resistance levels, or adherence to a longer term trend than a shorter term one contradicting it.

Blindly trading against a trend thinking 'shes' bound to turn back the other way any moment' is a sure way to ruin though.
Always have in mind markets are poised for sellers so it maybe logical to go north and trap sellers now, and when traders turn bullish then trap them too before the real move takes place, equity traders have been bullish since friday with expectation but have they got what they wanted, thats the question.
  • #555,027
  • Oct 27, 2011 2:48am Oct 27, 2011 2:48am
Quoting FXvenom
I am rather new to this trading.... but I think the market not showing clear signs for going short. I mean - signs clear enough to risk the whole money....

Just plot EMA60 and EMA12 and your daily chart and you will see that the pair "would like" to move up, as EMA12 is about to penetrate EMA60 upwards. This cross (about to happen) is not 100% to guarantee an uptrend, but at least it definitely doesn't suggest a move down.
Its just my opinion.......
If the market does not throw he will be lucky
Once scalper always scalper
  • #555,028
  • Oct 27, 2011 2:50am Oct 27, 2011 2:50am
stopped out
Trade responsiblypatience is the key/Swing trader
  • #555,029
  • Oct 27, 2011 2:50am Oct 27, 2011 2:50am
I sat out of the frenzy, neither short nor long. Originally I wanted to bet the farm on short but that's just plain gambling so I refrained. Always go with the trend, not against it. If your acc is big enough or lots small enough you may be able to wait for the retracement. For the time being, I don't see the bulls running out of steam soon.
  • #555,030
  • Oct 27, 2011 2:51am Oct 27, 2011 2:51am
Quoting FXvenom
I am rather new to this trading.... but I think the market not showing clear signs for going short. I mean - signs clear enough to risk the whole money....

Just plot EMA60 and EMA12 and your daily chart and you will see that the pair "would like" to move up, as EMA12 is about to penetrate EMA60 upwards. This cross (about to happen) is not 100% to guarantee an uptrend, but at least it definitely doesn't suggest a move down.
Its just my opinion.......
EMA is a lag indicator :-)

Remember this quote:
Markets can only be understood backwards, but it must be traded forwards !!
  • #555,031
  • Oct 27, 2011 2:54am Oct 27, 2011 2:54am
My SL is margin call, but I have rich DAD
Once scalper always scalper
  • #555,032
  • Oct 27, 2011 3:00am Oct 27, 2011 3:00am
Quoting taxe91
how come so many traders going short when the euro's been rallying so hard?

equity future's pointing north in both europe and ny and the eu summit didnt provide any blatantly negative news either

genuine question im here to learn
market is meeting point of seller and buyer, FF is community of seller , we hardly buy anything. as long as you know what your doing both sell and buy can make money key is money management and stick to your strategy. most smart people sold few pip above MR2 (1.40285). then newbies following smarties at risk entry area.
Mohan
  • #555,033
  • Oct 27, 2011 3:01am Oct 27, 2011 3:01am
Tokyo had a decent run, not choppy at all. But then again, they didnt have to deal with 1.4+ level. Let's see if London will show its color or we might have to wait for NY to join them to move this further up(down).
In other news: A ranger was trapped between a bull and a bear
  • #555,034
  • Oct 27, 2011 3:02am Oct 27, 2011 3:02am
you can't get rich overnight, but you can definitely blow your account. if this is your trading style, it's a question of "when" not "if".
anyway, good luck. i think it should dip soon, but remember to always allow some room just in case big guys start running stops.

Quoting Forexgain
Opened 2 Lot short position in E/U at 1.4032

My whole money is on the stake...Now my total short in E/U comes to 4 Lot..
2 Lot = 1.3992 (High Risk)
2 Lot = 1.4032 (High Risk) ...

SL = 1.4103 (4 lots)
TP = 1.3842 (4 lots)

Today i will either be in or out from Forex market...
Nihil Sine Deo.
  • #555,035
  • Oct 27, 2011 3:02am Oct 27, 2011 3:02am
Lots of traders will get phuked tonight
  • #555,036
  • Oct 27, 2011 3:05am Oct 27, 2011 3:05am
Quoting hed
Lots of traders will get ****ed tonight
fairly sure that applies to every night
  • #555,037
  • Oct 27, 2011 3:09am Oct 27, 2011 3:09am
RR favours shorting, if you dont want to take risk then better don't trade at all
  • #555,038
  • Oct 27, 2011 3:12am Oct 27, 2011 3:12am
Quoting Scrat
you can't get rich overnight, but you can definitely blow your account. if this is your trading style, it's a question of "when" not "if".
anyway, good luck. i think it should dip soon, but remember to always allow some room just in case big guys start running stops.
Well he/she didnt answer the question if the trades are standard lots or not. Maybe he has a $100 or less account, so maxing it that out and losing it, is probably what most of us afford, ie.. if one really wanted to gamble.
In other news: A ranger was trapped between a bull and a bear
  • #555,039
  • Oct 27, 2011 3:13am Oct 27, 2011 3:13am
is thrre more up point
i know we eventually will be together
  • #555,040
  • Oct 27, 2011 3:14am Oct 27, 2011 3:14am
Quoting josef
Sell at 1.4020.

Regards,

Josef
1st defend 1.4030 pb 1/2 1.4000 1/2 lot runner left sl 1.4035
Added
2nd defend 1.4023 sl 4035

If you are new to Forex? Say Goodbye to your account!!
280 traders viewing now