EURUSD | Page 28694 | 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

  • #573,861
  • Dec 13, 2011 3:13am Dec 13, 2011 3:13am
Quoting Nachiket
why this sudden 35 pip fall. although i got my price to go long at 1.3180.

why not a fall?

there is nothing positive going on since yesterday. The pull back was only to the top of the flag pattern with a rapid reaction to the bottom.

So imo most likely scenario is further consolidation in this range or a break below.

It has shown no signs of a retrace from yesterdays move down
Attached Image (click to enlarge)
Click to Enlarge Name: p1.gif Size: 14 KB
  • #573,862
  • Dec 13, 2011 3:15am Dec 13, 2011 3:15am
1.3214 is the magic number acting as a bounce in which everyone is looking to short. 1.3214 is a much better number than your 3216. Just see how strong it is reversing and u can call that number is a strong resistance.


Quoting Alexone
Took 30 pips on this one. Closed it. Maybe too soon but we are still ranging. The problem is i had resistance at 3216 and it only came to 3214.

This question is for any1 who can answer (what i asked cloggie as well): if u have resistance/support but the price comes within 2-3 pips of it and starts to reverse, do u count that resistance?
  • #573,863
  • Dec 13, 2011 3:16am Dec 13, 2011 3:16am
Ok i know its a zone! What im more interested to know is the number of pips from that zone that u accept a reversal in? I mean 2,3,5? What if it starts to reverse 15 pips from it?
  • #573,864
  • Dec 13, 2011 3:17am Dec 13, 2011 3:17am
look like EU still go down with bearish divergence out long with -15 pip


i think it will break yesterday low soon.
  • #573,865
  • Dec 13, 2011 3:19am Dec 13, 2011 3:19am
Quoting Alexone
Ok i know its a zone! What im more interested to know is the number of pips from that zone that u accept a reversal in? I mean 2,3,5? What if it starts to reverse 15 pips from it?


then you might miss your entry. have a plan. if that plan has a price zone and its not reached DON'T trade.....
  • #573,866
  • Dec 13, 2011 3:21am Dec 13, 2011 3:21am
testing Market makers spread downhere.

This fall was driven by DAX.

Yields on Italy falling.

Nothing decided yet here.

We need a sharp 60 breakout here...otherwise we will range a bit.

GBP in 7min.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 25 KB
  • #573,867
  • Dec 13, 2011 3:22am Dec 13, 2011 3:22am
Ecb buying Spanish and Italian bonds
  • #573,868
  • Dec 13, 2011 3:22am Dec 13, 2011 3:22am
Quoting MaxDoom
then you might miss your entry. have a plan. if that plan has a price zone and its not reached DON'T trade.....
This is actually the 1st time it came to more than 1 pip from my resistance and reversed. I kid u not. That is why im so excited about it.
  • #573,869
  • Dec 13, 2011 3:24am Dec 13, 2011 3:24am
from the wire... EURO-DOLLAR: Looking heavy again, traders say, as rate looks set to dipback under $1.3170 and threaten earlier lows at $1.31602. Bids are seenplaced into $1.3160, with interest seen linked to option barrier at$1.3150. Bids are seen down to key tech support at $1.3145 (Oct4 low)with main stops noted on a break of $1.3140.


if 3140 goes it will shift sentiment for sure, opening up another big move. 3140 is seen as a key area of support.
  • #573,870
  • Dec 13, 2011 3:25am Dec 13, 2011 3:25am
Quoting 21vs7
testing Market makers spread downhere.

This fall was driven by DAX.

Yields on Italy falling.

Nothing decided yet here.

We need a sharp 60 breakout here...otherwise we will range a bit.

GBP in 7min.
I agree with you...
3210 and 3150 to me...
Patience, Emotion Control and Discipline.
  • #573,871
  • Dec 13, 2011 3:26am Dec 13, 2011 3:26am
waiting for news in 34 minutes.
  • #573,872
  • Dec 13, 2011 3:29am Dec 13, 2011 3:29am
Seems the only way to trade is short... Why would anyone do other wise? >_<
  • #573,873
  • Dec 13, 2011 3:30am Dec 13, 2011 3:30am
So Do we think that below 1.3158x is the level to break down before considering any kind of sell entry?

or is a more significant level the 1.3145 more likely to break down?

Such confusion after yesterday
(Still learning here so any help appreciated) -- where could it go from there potentially - could it freefall with no good news?
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #573,874
  • Dec 13, 2011 3:30am Dec 13, 2011 3:30am
Italy should reverse on a daily open on yields here and we have a winner here. 7,06% is a breaker here. Till this is not broken, I am a bear.

Gap on yields? Do we play gap on yields here? 7,044% then.
  • #573,875
  • Dec 13, 2011 3:31am Dec 13, 2011 3:31am
yawn..
Attached Image (click to enlarge)
Click to Enlarge Name: trade.png Size: 28 KB
  • #573,876
  • Dec 13, 2011 3:34am Dec 13, 2011 3:34am
Quoting MidasFX
Seems the only way to trade is short... Why would anyone do other wise? >_<

bcoz markets heavy on shorts after yesterday's downside move. so a retracement is possible.
  • #573,877
  • Dec 13, 2011 3:36am Dec 13, 2011 3:36am
Quoting WickedPips
So Do we think that below 1.3158x is the level to break down before considering any kind of sell entry?

or is a more significant level the 1.3145 more likely to break down?

Such confusion after yesterday
(Still learning here so any help appreciated) -- where could it go from there potentially - could it freefall with no good news?

first it needs to take out the bottom TL at around 3165.

then if it does that it will find some good resistence all the way to 3140 especially as there is a 3150 option strike today, those numbers are like magnets - normally 3pm I think for strikes.
  • #573,878
  • Dec 13, 2011 3:37am Dec 13, 2011 3:37am
long at 76
looking like retracement to me
Trade What You See Not What You Want To See
  • #573,879
  • Dec 13, 2011 3:39am Dec 13, 2011 3:39am
Quoting MaxDoom
first it needs to take out the bottom TL at around 3165.

then if it does that it will find some good resistence all the way to 3140 especially as there is a 3150 option strike today, those numbers are like magnets - normally 3pm I think for strikes.

so if it breaks below you need to be careful if you short between 3260 and 3240 because it could easily meet very heavy resistence and bounce right back out.....
  • #573,880
  • Dec 13, 2011 3:39am Dec 13, 2011 3:39am
In Trading,

When we win several position,doesnt mean we can trade or understand the market.a lot people always tot and proud with themselves when they gain several winning at the market

In the end..

They forget themselves and lost their mind,Keep adding their loss position

Mr.Market like this kind of person
Because Mr.Market can took their greedy and stupid money

Like buddha said
Always Be mindful, if you win dont lost in excessive joy, if you lose dont drown in deep grief
If there was easy money lying around,no one would be forcing it into your
518 traders viewing now