EURUSD | Page 28331 | 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

  • #566,601
  • Nov 27, 2011 7:53pm Nov 27, 2011 7:53pm
thnx Mario for link to Reuters. jack
  • #566,602
  • Nov 27, 2011 7:58pm Nov 27, 2011 7:58pm
We're under a major level (Wkly pivot: 1.3337)

Daily resistance has been rejected many times.

Gap needs to be filled before anyone steps in.

There's a pin stop hunt low to 1.32116 that needs to be filled first, pin high at 1.1.32956 has already been filled (via 15 min TF).

Ur right there's no telling as of yet where it's going to go; we can only speculate for the time being... however orders need to be filled back down towards the demand area of the previous level I mentioned earlier... for a shot back up under the ADR High 1.34406 area; just past the 61.8% fibo... then another attempt back down...

pull out the weekly TF, draw a trend line from may 2nd 2010 low to dec 2010 low, already broken and closed below...

so anything from now til these levels are seen lower, are just fluff moves to build up orders to trick the retail traders to go long when the ultimate goal is to go much lower.

1.26486 is a key level for a major retracement back into the 1.32's...

Til then, we'll just have to see and use ones own strategies to see what they can get out of the market before these moves take place.

Quoting A-speculator
if I may ask, what theory are you basing your assumption on? we might be going there, but we still haven't break the 1.3 level, why assume 1.18, unless you're a position trader.

My expectation is, there will be a reversal at about 1.3 area (which is at current level) due to last leg down.

I know it's still too soon to talk about change of trend, but i think the pair is due for a major correction. Unless you're expecting the pair will break without any retracement..
  • #566,603
  • Nov 27, 2011 8:08pm Nov 27, 2011 8:08pm
Quoting e_piz
Hi,

My first interpretion is ur using small timeframe to enter, try go larger timeframe say 1H and above, and dont panic, you cant catch every candle and dont try to catch every candle.
yea but if we trade with 1h candle, then our sl will have to be huge....
  • #566,604
  • Nov 27, 2011 8:08pm Nov 27, 2011 8:08pm
short 1.33000 highpercentage trade
  • #566,605
  • Nov 27, 2011 8:10pm Nov 27, 2011 8:10pm
obviously... what comes higher time frames, comes higher SL's, unless you time ur entry just right at major highs or lows...

if higher SL's are too much for you, then you're trading too high of a lot size, just reduce your lot sizes

Quoting happytrader
yea but if we trade with 1h candle, then our sl will have to be huge....
  • #566,606
  • Nov 27, 2011 8:13pm Nov 27, 2011 8:13pm
Quoting SystemFX2011
We're under a major level (Wkly pivot: 1.3337)

Daily resistance has been rejected many times.

Gap needs to be filled before anyone steps in.

There's a pin stop hunt low to 1.32116 that needs to be filled first, pin high at 1.1.32956 has already been filled (via 15 min TF).

Ur right there's no telling as of yet where it's going to go; we can only speculate for the time being... however orders need to be filled back down towards the demand area of the previous level I mentioned earlier... for a shot back up under the ADR High 1.34406 area;...
What kind of gap?? I don't have any.Where is your S Z?
  • #566,607
  • Nov 27, 2011 8:13pm Nov 27, 2011 8:13pm
I'm closing the GAP
New voice message: Why are you calling me? If I need you, I'll call you!
  • #566,608
  • Nov 27, 2011 8:16pm Nov 27, 2011 8:16pm
Quoting tankokjian
short 1.33000 highpercentage trade
LOL nice call, after the 60 pip move!
  • #566,609
  • Nov 27, 2011 8:17pm Nov 27, 2011 8:17pm
lol... the open gap, the gap appears due to retail brokers open up later, so the disparity between the prices creates the gap...

Quoting pip1hunter
What kind of gap?? I don't have any.Where is your S Z?
my SZ = Sell Zone?

I've been short 1.34; 30 min TF double pin high. and scalping in between.
  • #566,610
  • Nov 27, 2011 8:22pm Nov 27, 2011 8:22pm
Quoting SystemFX2011
lol... the open gap, the gap appears due to retail brokers open up later, so the disparity between the prices creates the gap...



my SZ = Sell Zone?

I've been short 1.34; 30 min TF double pin high. and scalping in between.
only thing that causes the gap to close is retail traders on the wrong side thinking it will keep gonig after open. Most times they get it wrong, thinking once it gaps it will go because sr got broke. Sometimes it doesnt close just because retailers try to close it, like right now, the more ppl try the less chance, the more try to go long the higher chance it will close.
  • #566,611
  • Nov 27, 2011 8:26pm Nov 27, 2011 8:26pm
Quoting SystemFX2011
lol... the open gap, the gap appears due to retail brokers open up later, so the disparity between the prices creates the gap...



my SZ = Sell Zone?

I've been short 1.34; 30 min TF double pin high. and scalping in between.
I don't have any gap, maybe your broker opened after all. sell zone is not supply zone1.31842 is huge D Z. WTM. Maybe I'm wrong.
  • #566,612
  • Nov 27, 2011 8:28pm Nov 27, 2011 8:28pm
Quoting sidhujag
only thing that causes the gap to close is retail traders on the wrong side thinking it will keep gonig after open.
you could not be further from the truth.

Most retail brokers use netdania as their currency feed... netadania open their feed stream about 1 1/2 hours before the retail brokers do on a Sunday...

Data is being feed and prices are being formed, none of this is recorded in the MT4 because they don't open until 9pm GMT/4pm EST.

So since the data was not caught, the gap is formed as its missing the previous price data.

It has absolutely nothing to do with brokers going the wrong way... brokers do not trade against you IF they are not trading via some validated currency feed... ur thinking back in the day when brokers used to create more broker networks and trade via what volume they have coming in and hedge accordingly against your positions. you'll seldom find brokers doing this these days.


Quoting sidhujag
Most times they get it wrong, thinking once it gaps it will go because sr got broke. Sometimes it doesnt close just because retailers try to close it, like right now, the more ppl try the less chance, the more try to go long the higher chance it will close.
Like i said, it has absolutely nothing to do with what you are thinking, who feed you this pile of cack?

Seriously; with due respect, you don't have a clue what you're saying and basing things on assumptions.
  • #566,613
  • Nov 27, 2011 8:33pm Nov 27, 2011 8:33pm
Quoting KiwiTrada
We still prepared to defend WPP 3333 small tf, if can get close enough to wpp, place sl above 2/1 or 3/1 rr 1st pending was 3323
Daily Weekly is 2nd attempt to break ltl of descending channel, last week it pierce, but this "gap" has pushed back into channel, so is at critical levels, we waiting, and will sell if pa can get back throught ltl of daily channel, will short
Scalping for now until higher tf show dominance swissy is our trigger again today
EU 2nd Scalp sell
Fill 3328 SL BE PB 1/2 3280 48+
EU 3rd Scalp sell
Fill 3325 SL BE PB 1/2 3280 45+

Day just keeps getting better

Kiwi
If you are new to Forex? Say Goodbye to your account!!
  • #566,614
  • Nov 27, 2011 8:34pm Nov 27, 2011 8:34pm
Quoting SystemFX2011
you could not be further from the truth.

Most retail brokers use netdania as their currency feed... netadania open their feed stream about 1 1/2 hours before the retail brokers do on a Sunday...

Data is being feed and prices are being formed, none of this is recorded in the MT4 because they don't open until 9pm GMT/4pm EST.

So since the data was not caught, the gap is formed as its missing the previous price data.

It has absolutely nothing to do with brokers going the wrong way... brokers do not trade against you IF they are not trading...
Sorry, but my -not broker opened 2 p.m U.S EST
  • #566,615
  • Nov 27, 2011 8:34pm Nov 27, 2011 8:34pm
what you talking about? it's too early in the day to be talking cryptic

SZ sell/supply, what ever... some shite, different smell.

Quoting pip1hunter
I don't have any gap, maybe your broker opened after all. sell zone is not supply zone1.31842 is huge D Z. WTM. Maybe I'm wrong.
Dude, i know what demand and supply levels are, go read my other post i mentioned that 1.3150 area could be a nice area for a reversal...

lets use your aberrations "DZ" area.
  • #566,616
  • Nov 27, 2011 8:35pm Nov 27, 2011 8:35pm
pat yourself on the back then...

Quoting pip1hunter
Sorry, but my -not broker opened 2 p.m U.S EST
  • #566,617
  • Nov 27, 2011 8:35pm Nov 27, 2011 8:35pm
Quoting KiwiTrada
EU 2nd Scalp sell
Fill 3328 SL BE PB 1/2 3280 48+
EU 3rd Scalp sell
Fill 3325 SL BE PB 1/2 3280 45+

Day just keeps getting better

Kiwi
good trade mate, catching the retracement. I think swissy is testing the resistance atm at about 9290-9300 area. if that hold, i think fiber will move further up.. just my 2 cents
  • #566,618
  • Nov 27, 2011 8:35pm Nov 27, 2011 8:35pm
Quoting SystemFX2011
you could not be further from the truth.

Most retail brokers use netdania as their currency feed... netadania open their feed stream about 1 1/2 hours before the retail brokers do on a Sunday...

Data is being feed and prices are being formed, none of this is recorded in the MT4 because they don't open until 9pm GMT/4pm EST.

So since the data was not caught, the gap is formed as its missing the previous price data.

It has absolutely nothing to do with brokers going the wrong way... brokers do not trade against you IF they are not trading via...
Give me a source of stats telling me netdania is the most common feed. Brokers must hedge your position. Banks will trade against u, they are the liquidity in the end. Any time you go long, price will be inclined to go short.

You do not have enough money to move the market via a direct interbank exchange.

Contrarian play is what has been making the intraday moves for 10 years now, what cave have u been living in buddy?


Big dogs have it in their best interest to create illusion for retailers to go a certain way, it will fill their orders, get it? Maybe not, go back to school!! We are on different wave lengths me thinks
  • #566,619
  • Nov 27, 2011 8:39pm Nov 27, 2011 8:39pm
Quoting bdsilvano
for those people whom waiting for the gaps be filled. well as far as I know, it wont... today is the reversal trend for euro until next month.. EURO long. the euro is way oversold already. please follow price action. this level is great great to buy it.
i just hope you didnt go long in asia session !
  • #566,620
  • Nov 27, 2011 8:40pm Nov 27, 2011 8:40pm
Quoting Pip and Run
i just hope you didnt go long in asia session !
3333 is a TL and its bearish now but above 3333 and we can see some bear fireworks
146 traders viewing now, 1 is registered:
Fayyazxs