EURUSD | Page 28021 | 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

  • #560,401
  • Nov 10, 2011 2:05am Nov 10, 2011 2:05am
Quoting 21vs7
Spain on a move. 5,91%.
Italy 7,41%

We should get some news shortly. To get this baby going.

This teaser was pretty helpfull here.

Nothing special still...

Have everything on BE now. If 1,3490 was decided now my only task now is to find a place to short the hell out of her!
Attached Image (click to enlarge)
Click to Enlarge Name: 11.gif Size: 26 KB
  • #560,402
  • Nov 10, 2011 2:05am Nov 10, 2011 2:05am
Quoting cloggie
I was going to explain why we are dropping here, but it is news related and you wouldn't understand...

Trading without understanding news and fundamentals is like trading stuck in a dark room with no light coming in, shutting out the outside.

The price you see on the chart is the result of the collective behaviour of 1,000's of traders and machines at any given time, that behaviour is based on the entrie environment, it is how they all see the current state of play and guess what, they take news and fundamentals into account to arrive at the...

bla bla bla if all work so nice. Then profesors was rich but we all loosers
nothing personal
Once scalper always scalper
  • #560,403
  • Nov 10, 2011 2:06am Nov 10, 2011 2:06am
Quoting 21vs7
This teaser was pretty helpfull here.

Nothing special still...

Have everything on BE now. If 1,3490 was decided now my only task now is to find a place to short the hell out of her!
dude 1 min chart is not worth here to post...
  • #560,404
  • Nov 10, 2011 2:06am Nov 10, 2011 2:06am
Quoting freemen
You think TP to small or SL to BIG???
Well, I think your risk/reward ratio promotes one thing. A high probability that your TP will be hit before your stop-loss is hit, especially given the state of the EZ. But it also seems risky to employ a trading strategy that involves risk/reward of .1. I mean, if you enter a trade with probability not on your side you risk wiping out 10 full trades with a single loss.

In essence, you need to have 10/11 trades run in your favor to break even. Obviously, this means your entries have to be right 91% of the time JUST TO BREAK EVEN. To maintain profitability, you need to have an even higher level of accuracy. This of course is all assuming your stops and profits are along the same level, which is very restrictive, but such a scenario is the best way to gauge the possibility of taking profits with a particular r/r and mm scheme.
  • #560,405
  • Nov 10, 2011 2:06am Nov 10, 2011 2:06am
Seems today is gonna be an awful day for trading. But maybe its too early to be sure of that.
  • #560,406
  • Nov 10, 2011 2:09am Nov 10, 2011 2:09am
Just remembered that 4 hr levels are different for different people. depending on what gmt your broker uses.
In other news: A ranger was trapped between a bull and a bear
  • #560,407
  • Nov 10, 2011 2:12am Nov 10, 2011 2:12am
seems like it is turning out to be a personal affair between some people instead of helping newbies.
  • #560,408
  • Nov 10, 2011 2:12am Nov 10, 2011 2:12am
Quoting mercy seat
TABLE with survey for the EUR/USD pair:

2011-11-08_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-44 (V1).

Elliott:

Turning point at 1.3682 zone. Projection up 1.3869 or 1.3913 in case of an extention ...

Pivots:

To trade higher towards 1.3859 up to 1.3879 or 1.3904 while above 1.3813 - 1.3802 zone. Pullback to 1.3792 or 1.3780 is possible. Cross of below 1.3756 will re-open the downside ...



Immediate range...
Good Morning !

TABLE survey EUR/USD after phone calls ... but prior to Tokyo Session opening :

2011-11-09_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-45 (V1)

Elliott :

Turning point at 1.3859 zone. Projection down 1.3405 or 1.3311 in case of an extention ...

Pivots :

To trade lower towards 1.3484 or below to 1.3424 or 1.3369 while below 1.3618 - 1.3642 zone. Pullback to 1.3575 - 1.3642 or 1.3708 is possible. But only a cross of above 1.3760 will re-open the upside ...

Immediate range with various keys between 1.3595 and 1.3484 ...




Faites vos jeux!




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #560,409
  • Nov 10, 2011 2:12am Nov 10, 2011 2:12am
Quoting cloggie
I was going to explain why we are dropping here, but it is news related and you wouldn't understand...

Trading without understanding news and fundamentals is like trading stuck in a dark room with no light coming in, shutting out the outside.

The price you see on the chart is the result of the collective behaviour of 1,000's of traders and machines at any given time, that behaviour is based on the entrie environment, it is how they all see the current state of play and guess what, they take news and fundamentals into account to arrive at the current...
  • #560,410
  • Nov 10, 2011 2:12am Nov 10, 2011 2:12am
Quoting cloggie
Of course the market doesn't like this massive drop, but all the traders are looking at each other and the news to see who is going to blink first to drive this back up so that some of the big boys can cover and the speculators can make a few bucks on the covering rally. That rally is not going to happen without some strong fundamental backing behind it, that is going to be the trigger.

Trying to predict a reversal without any obvious signs is just gambling, you may as well have a monkey toss a coin for you, you may actually get a beter outcome...
Classic!

That is why I sit and I listen!
  • #560,411
  • Nov 10, 2011 2:13am Nov 10, 2011 2:13am
Quoting Nachiket
seems like it is turning out to be a personal affair between some people instead of helping newbies.

This is not the noobie section, that one is three doors down the hall.
  • #560,412
  • Nov 10, 2011 2:13am Nov 10, 2011 2:13am
lol whos selling now
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #560,413
  • Nov 10, 2011 2:13am Nov 10, 2011 2:13am
Quoting Nachiket
seems like it is turning out to be a personal affair between some people instead of helping newbies.
It may seem that way sometimes, and this isn't exactly a 'help-the-newbies' thread but there's plenty of great information posted by great traders in this thread. You'll have to sift through lots of posts that aren't nearly as useful (like mine ) to find it all but it's there.
  • #560,414
  • Nov 10, 2011 2:13am Nov 10, 2011 2:13am
Quoting factorof2
Well, I think your risk/reward ratio promotes one thing. A high probability that your TP will be hit before your stop-loss is hit, especially given the state of the EZ. But it also seems risky to employ a trading strategy that involves risk/reward of .1. I mean, if you enter a trade with probability not on your side you risk wiping out 10 full trades with a single loss.

In essence, you need to have 10/11 trades run in your favor to break even. Obviously, this means your entries have to be right 91% of the time JUST TO BREAK EVEN. To maintain profitability,...
You're right. But I am 100 % right because play in both directions. Ask cloggie he know.
Once scalper always scalper
  • #560,415
  • Nov 10, 2011 2:14am Nov 10, 2011 2:14am
chf has been heavily beaten for 2 months now and its about time traders start understanding that its a safe currency still. Just that f**king SNB comes out from nowhere and screws the trade.
  • #560,416
  • Nov 10, 2011 2:14am Nov 10, 2011 2:14am
Quoting 21vs7
Classic!

That is why I sit and I listen!

ECB is out buying the 10yr. Bunds are down, spread is thinning, Italian 10yr is coming off the high.

We got the news that is giving us a temp bottom here. Of course the muppets can't trade this as it is news related....


For the fundie/news traders, just keep an eye on the FI boys, they are in charge here, we just follow them.
  • #560,417
  • Nov 10, 2011 2:15am Nov 10, 2011 2:15am
Quoting Jawadnimri
for me yes it does, sometimes i feel that the market is just working against me, emagine this 300 pips rally i could not obtain 10 pips, when ever i enter it directly goes against me immediately.

ive deposited $50,000 and my account now is only 5000, i lost a lot of money in this shit that my head is daizy and feel like fooled with the whole amount i deposited. fuck such brokers, why they just cant put it directly in the market i am very sure they make counter trades but still can not understand how they do it.

sometimes i close trades winning...
Hi Jawadnimri,

donīt take me wrong, but this is a well meant advice from someone who can actually earn profit from forex business for some time now...I am not here to lecture anyone, but in this case, given the amount of money you lost, I couldnīt stand aside for your own sake.

First of all, we all know that brokers are mostly bastards playing against us. However, not all of them are THAT bad as you describe (and I dare to say - NONE of them, I will explain later) and frankly, itīs your fault, your failure that you didnīt spend enough time and energy looking for the right one - selecting your broker is one of the most important decisions of your trading career and especially if you are ready to give them such a substantial amount of money as USD 50.000 for starters.

BUT - this isnīt really about your broker, is it? Itīs about the simple fact that you are not a good trader. NO broker can manage to rip you off 90% of your account. Reading your lines, it mostly looks like that noob whinning I read like million times - forex markets are manipulated, itīs not a fair place to trade, my trading system stopped working/didnīt work, my broker is a bad guy, Sun and Jupiter were in the incorrect position when I entered the trade and so on...

The world of forex offers plenty of excuses for those, who would rather lose plenty of money than admit they suck in this business.

If you go on like this, you can simply send me those remaining 5k, it would be a much wiser decision than to continue trading. However, now to the more constructive part of this post, if you are ready to pull your head out of your butthole:

Advice no. 1: STOP trading immediately, cancel your account, take the rest of your money and buy yourself something nice.

Advice no. 2: If you really, REALLY want to trade fx and therefore no.1 is unacceptable, at least STOP trading now, get back to books, training, demo accounts and unless your equity goes up by 20% in 6 consecutive months, DONīT trade real money.

Advice no.3: If you canīt stop now and therefore no.1 and no.2 doesnīt work, you have like 99% probability you are doomed. But at least:

- give some time to analyze your trading system - does it really give you signals to enter the market at the moment you do it? If so, is the right system if the market immediately turns against you? Have you tested it properly (back-tested, paper-tested, demo-tested?)
- VERY IMPORTANT - you obviously lack any money managment, otherwise you couldnīt loose 90% of your account that easily. NEVER risk more than 3% of your account (= calculate how much you can loose in a single trade, with 5k account it would logically be 150 bucks, 15 pips if you trade 1 lot)
- how do you place your SLs? Arenīt they too "tight", too close to your entry, without respect to market volatility? If your broker is that bad, better use a fixed SL in a proper distance for emergency and mental SL for a true exit if everything goes wrong, but with your "discipline" this might not work I am afraid.
- donīt overtrade, wait for the right setup and take only perfect ones, usually you find them in overlapping NY/London session.
- VERY IMPORTANT - find yourself a proper broker if everything written above is true.

In case you needed further help, you might PM me and I might respond if I find a spare minute. However - I would still recommend no.1 or max. no.2

Forex is not a place for everyone - there is also inner strength in ability to admit it.

Best of luck!
Quant Hedge Fund CEO
  • #560,418
  • Nov 10, 2011 2:16am Nov 10, 2011 2:16am
A bit of IMF news on the wires. It is all helping the little rally here. Just keep those stops tight, it can turn on a dime.
  • #560,419
  • Nov 10, 2011 2:16am Nov 10, 2011 2:16am
Quoting cloggie
ECB is out buying the 10yr. Bunds are down, spread is thinning, Italian 10yr is coming off the high.

We got the news that is giving us a temp bottom here. Of course the muppets can't trade this as it is news related....


For the fundie/news traders, just keep an eye on the FI boys, they are in charge here, we just follow them.

whateva, i think you have been stopped out.... hahahaha
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #560,420
  • Nov 10, 2011 2:17am Nov 10, 2011 2:17am
we are getting a little momentum on equities, not much though.
was able to buy at very low prices in some forwards, all stops break even.

I wonder if S&P500 will manage to get above 200MA again this week.

Happy pipping guys, and just be aware that this market can turn
very fast on a dime. Good and sound risk management is key.


gl tp
500 traders viewing now, 1 is registered:
loricca