EurAnalysis | Page 532 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #10,621
  • Nov 18, 2011 11:09am Nov 18, 2011 11:09am
I wouldn't look to last Friday as an example as it was a bank holiday in the US and retail traders ran wild, but even with last friday it peaked around noon EST and then started coming down.

Quoting MTsnowrider
After a big run down this week I was expecting to see more of a short covering rally like last Friday before downtrend continues next week. Of course the bears are strong right now, so you may be right about longs continuing to close positions. Also, if Dow turns down this afternoon then we could see more shorting into close. I covered my short position for the week just in case any big news over weekend.
  • #10,622
  • Nov 18, 2011 11:10am Nov 18, 2011 11:10am
Quoting PipKiller
OK, I lied. I can't help myself. Long E$ again. Might burn my fingers on this one but nothing ventured nothing gained (nothing lost either LOL)

London close. Price looks like it wants to pull up a bit. Some divergence earlier on 5 minute, fast TRIX back green and price closed above cloud. 15 minute Fast trix closed up.

Attachment

Attachment
If you slap enough lots on that trade, you might even drive it up far enough to get me back to my missed shorting opportunity. Go Killer
Those who say it cannot be done should not interrupt those who are doing it
  • #10,623
  • Nov 18, 2011 11:15am Nov 18, 2011 11:15am
This week definitely started off real bad for me, but was able to finish off the week decently. Closed out my trade at 1.3504 for 98 pips profit. It felt like downward price movement was stalling around this noon hour EST so I decided to just take the money off the table and call it a week. It may continue going down but its ok if I miss any additional move, rather make some money and miss some extra profits than lose money the way I have been doing these last few months. Hope most of you did well this week also.
  • #10,624
  • Nov 18, 2011 11:16am Nov 18, 2011 11:16am
Quoting PipKiller
OK, I lied. I can't help myself. Long E$ again. Might burn my fingers on this one but nothing ventured nothing gained (nothing lost either LOL)

London close. Price looks like it wants to pull up a bit. Some divergence earlier on 5 minute, fast TRIX back green and price closed above cloud. 15 minute Fast trix closed up.

Attachment

Attachment
THV is a fairly sound system. One thing you might want to consider on the 5 min with the fast trix at the position it was is wait for it to cross the zero line. Yes you might sacrifice some pips if it's going up, but it gives better confirmation IMO.
Mark ... Everything you have been told is a LIE
  • #10,625
  • Nov 18, 2011 11:19am Nov 18, 2011 11:19am
Quoting PipTrapper
Oh well. We live and learn. I had my sell limit at 1.3640 just to keep it a bit out of the way so I can manually enter upon PA confirmation at around 1.3605 (which is where I wanted to short), and then if it kept going I would automatically trigger just before the 1.3650 resistance (10 pips lower in case it pulled back early).

Anyway, maybe we will get a bounce to 1.3550 before NY close. Not looking that way right now though. Regardless, I still have 4 floating shorts so I'm all good. I was just hoping to get one in the 1.36xx region so I can...
I forgot I had placed a SL in case of shortcovering as I slept last night and my 1.3742 and 1.3775 shorts got stopped out at 1.3570, so now base lower at 1.3605. I was getting attached to those shorts eventhough they were costing me swap everyday.
  • #10,626
  • Nov 18, 2011 11:23am Nov 18, 2011 11:23am
Quoting spzd
THV is a fairly sound system. One thing you might want to consider on the 5 min with the fast trix at the position it was is wait for it to cross the zero line. Yes you might sacrifice some pips if it's going up, but it gives better confirmation IMO.
Yes after trix cross and cross of ZERO line confirmation, PA above cloud.
I look for divergence development, and then based on other factors I use such as how close to a pivot or S&R, I will enter before PA crosses cloud, but as you said , higher risk.

edit: Ooops, forgot. Also verify trend on higher timeframes for entry of long or short
  • #10,627
  • Nov 18, 2011 11:25am Nov 18, 2011 11:25am
Quoting Gofer Pips
I forgot I had placed a SL in case of shortcovering as I slept last night and my 1.3742 and 1.3775 shorts got stopped out at 1.3570, so now base lower at 1.3605. I was getting attached to those shorts eventhough they were costing me swap everyday.
Based on where the Euro has a high probability of going, I think the swaps are no more than a cup of coffee.
Those who say it cannot be done should not interrupt those who are doing it
  • #10,628
  • Nov 18, 2011 11:26am Nov 18, 2011 11:26am
Price approaching 3495, behaving well. On the way down 35378 proved ressistance again. 3495 is next level of my profit. I guess we are going for a daily doji and very nice bearish weekly candle. SL set, TP set.

Nice weekend all,

T.
Attached Image (click to enlarge)
Click to Enlarge Name: m5.gif Size: 22 KB
"I know one thing, that I know nothing." Sokrates
  • #10,629
  • Nov 18, 2011 11:26am Nov 18, 2011 11:26am
Turning more risk off?
Attached Image (click to enlarge)
Click to Enlarge Name: Futures PerformanceA.jpg Size: 67 KB
The spoken word is your master, the unspoken word your slave.
  • #10,630
  • Nov 18, 2011 11:29am Nov 18, 2011 11:29am
Quoting PipTrapper
Based on where the Euro has a high probability of going, I think the swaps are no more than a cup of coffee.
Depends on lot size

PAGE TOP AGAIN!!!!!
  • #10,631
  • Nov 18, 2011 11:31am Nov 18, 2011 11:31am
Quoting Tom_D_Trader
Price approaching 3495, behaving well. On the way down 35378 proved ressistance again. 3495 is next level of my profit. I guess we are going for a daily doji and very nice bearish weekly candle. SL set, TP set.

Nice weekend all,

T.
Cheers Tom. Enjoy your weekend.
Those who say it cannot be done should not interrupt those who are doing it
  • #10,632
  • Nov 18, 2011 11:33am Nov 18, 2011 11:33am
Heading Risk off?

I see she's since just bounced up bit though ..we'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: Futures Charts 5 minute.jpg Size: 43 KB
The spoken word is your master, the unspoken word your slave.
  • #10,633
  • Nov 18, 2011 11:37am Nov 18, 2011 11:37am
Quoting spzd
THV is a fairly sound system. One thing you might want to consider on the 5 min with the fast trix at the position it was is wait for it to cross the zero line. Yes you might sacrifice some pips if it's going up, but it gives better confirmation IMO.

Thank you. Yes I jumped the gun. Have a lot to learn about this system. I was also eyeballing this demand zone on the 60 that has been rejecting price too. THV is working well with supply and demand. Keeping me out of some bad trades

Attached Image (click to enlarge)
Click to Enlarge Name: 60 update2.jpg Size: 114 KB
I don't care which way the market is going as long as it's going my way
  • #10,634
  • Nov 18, 2011 11:40am Nov 18, 2011 11:40am
Quoting rekon67
Attaching an EURUSD H1 and EURUSD M15 with Regression Channel and Pivotpoints just placed a SELL Order on EURUSD @ 1.3550 although it seems hard breaking 1.3510 SL above 1.3600 TP is same @ 1.3450 .. waiting breaking 1.34xx.
Well ... just returned from office saw EUR spiked up during UK session executed the sell order and further hit the SL @ 1.3600 ..then we have 100 pips down ... lost 10$ there :S never mind next time may be try putting a decent SL or keep in mind the weekly trade and Friday thing

Additional Note: PT did a great job today for this thread and for the regular visitors. Thank you PT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdm15.gif Size: 30 KB
Click to Enlarge Name: eurusdh1.gif Size: 27 KB
  • #10,635
  • Nov 18, 2011 11:42am Nov 18, 2011 11:42am
Here is divergence developing on 5 minute that may squelch the long on 5 min without big picture view.
Attached Image (click to enlarge)
Click to Enlarge Name: 11-18-3.png Size: 68 KB
  • #10,636
  • Nov 18, 2011 11:48am Nov 18, 2011 11:48am
Quoting PipKiller
Thank you. Yes I jumped the gun. Have a lot to learn about this system. I was also eyeballing this demand zone on the 60 that has been rejecting price too. THV is working well with supply and demand. Keeping me out of some bad trades

Attachment
Your welcome.

Another area to look at for potential entrys is when the fast trix bounces off the slow. In this case it would have given about 20 quick pips.

I use a cleaned up version of THV to get a more precise entrys once I get a signal on my system.
Mark ... Everything you have been told is a LIE
  • #10,637
  • Nov 18, 2011 11:54am Nov 18, 2011 11:54am
Quoting rekon67
Well ... just returned from office saw EUR spiked up during UK session executed the sell order and further hit the SL @ 1.3600 ..then we have 100 pips down ... lost 10$ there :S never mind next time may be try putting a decent SL or keep in mind the weekly trade and Friday thing

Additional Note: PT did a great job today for this thread and for the regular visitors. Thank you PT
Thanks.

Sorry you had to take a loss there. It was quite spikey there. The curse of the stoploss
Those who say it cannot be done should not interrupt those who are doing it
  • #10,638
  • Nov 18, 2011 12:00pm Nov 18, 2011 12:00pm
Quoting Gofer Pips
Here is divergence developing on 5 minute that may squelch the long on 5 min without big picture view.
TY for heads up.

Quick scalp +15 pips. I squashed it like a bug near MR2 which is also a supply area on the 5. I'm flat.

Not a good bounce out of the 60 minute demand area like I wanted to see. US stocks are fading. This thing looks like it has no follow through to the upside left to it.
I don't care which way the market is going as long as it's going my way
  • #10,639
  • Nov 18, 2011 12:02pm Nov 18, 2011 12:02pm
Quoting PipKiller
TY for heads up.

Quick scalp +15 pips. I squashed it like a bug near MR2 which is also a supply area on the 5. I'm flat.

Not a good bounce out of the 60 minute demand area like I wanted to see. US stocks are fading. This thing looks like it has no follow through to the upside left to it.
That's too bad for me then. I made it a bit easier for you by moving my sell limit down to 1.3565.
Those who say it cannot be done should not interrupt those who are doing it
  • #10,640
  • Nov 18, 2011 12:04pm Nov 18, 2011 12:04pm
Quoting PipTrapper
That's too bad for me then. I made it a bit easier for you by moving my sell limit down to 1.3565.

You're getting punchy on Friday afternoon!
74 traders viewing now