EURUSD | Page 29415 | 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

  • #588,281
  • Jan 25, 2012 7:39pm Jan 25, 2012 7:39pm
This is off topic. i am posting it here because it is one of the largest threads.

I had every intention of coming home from work and trashing my new broker (MBT) to anyone that would listen. When I woke up this morning and checked my trades I saw huge spikes on my charts and my trades had been filled and stopped out on AU and UC. I quickly looked for any news that could cause such a spike and found none. I also checked my demo charts with other brokers and saw no such spikes. I saved my charts so that I could post them tonight. I fumed at work all day but when I finally got home and looked at my charts MBT had corrected the issue and properly filled my trades. I also had a nice email from one of the directors of MBT informing me that my trades had been erroneously filled. I left IBFX and FXCM for similar behavior without any corrections. It shouldn't have happened in the first place but I am trading tonight instead of broker shopping.
I don't wish to start a discussion on this. I only shared it because of my past ordeals with brokers when I started trading. I'm sure it will help someone. If you have a reputable broker that does right by their clients please plug them too. It will help a noob
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #588,282
  • Jan 25, 2012 7:41pm Jan 25, 2012 7:41pm
Quoting pkimnyc
95% people trade when they should lay low.

I agree with this statement completely. With the benefit of hindsight I can look at my losing trades and I have noticed a common pattern there. It is an eagerness to make a trade, any trade. Maybe because of boredom or some hidden need to gamble. It's not easy to overrule these impulses but if you keep working on it, it gets easier and easier.
We're all stories in the end. Just try to make it a good one.
  • #588,283
  • Jan 25, 2012 7:41pm Jan 25, 2012 7:41pm
You essentially trade against the trend hoping to catch a correction. I think your TP is very ambitious and given the low volatilty of the Asian session it seems unlikely to see such a big move in "the next hours"
Nothing more than my 2c

Quoting Schnitzel
Im short from 1.3095 to about 1.3035.
EUR/USD is making higher highs and higher lows, but there is a higher low missing at the moment, which could be reached during the next hours with a small correction. Former higher lows have been at Fib-Levels, but there is a supportlevel in between, so that will be my profit target.
What do you think?

http://s14.directupload.net/images/120126/p94rfh7c.gif
  • #588,284
  • Jan 25, 2012 7:47pm Jan 25, 2012 7:47pm
Several Interesting Videos Today. Here's a sample:

Bernanke's Own Words - Monetary Policy

George Soros View on Europe

What's Going on in Europe Now?
  • #588,285
  • Jan 25, 2012 7:52pm Jan 25, 2012 7:52pm
Quoting freelancer
I think you are wrong - if euro is about to fall, it better be fast because in 5 days /2 of which with no trade/ it will post a huge hammer on the monthly chart. Unless we see 2920 by then.
Man candles need comfirmation, and when you talking monthly charts, patterns take months to confirm and many more months even years to play out, it is wise to wactch higher tf's but you have to keep them into perspective
Back test you will find multilple consecutive monthly dojis, long term trades go nowhere, but lower tf's were tradeble, using appropriate mm rr, pretty much horses for courses bro, safe trading
If you are new to Forex? Say Goodbye to your account!!
  • #588,286
  • Jan 25, 2012 8:13pm Jan 25, 2012 8:13pm
Hello all Watching 3198/3220 for a possible short anyone concur?
  • #588,287
  • Jan 25, 2012 8:15pm Jan 25, 2012 8:15pm
Quoting GSGill
Hello all Watching 3198/3220 for a possible short anyone concur?
price isn't there yet.
  • #588,288
  • Jan 25, 2012 8:16pm Jan 25, 2012 8:16pm
yup but it could be, in short order.
  • #588,289
  • Jan 25, 2012 8:17pm Jan 25, 2012 8:17pm
Quoting pkimnyc
price isn't there yet.
Although 3130 is a minor test in the big picture.
  • #588,290
  • Jan 25, 2012 8:18pm Jan 25, 2012 8:18pm
Quoting GSGill
yup but it could be, in short order.
difficult to tell when price isn't there. no idea how price will behave when and if we get there.
  • #588,291
  • Jan 25, 2012 8:18pm Jan 25, 2012 8:18pm
Quoting GSGill
Hello all Watching 3198/3220 for a possible short anyone concur?

More likely 306x will come first for a long to 315x.
We're all stories in the end. Just try to make it a good one.
  • #588,292
  • Jan 25, 2012 8:27pm Jan 25, 2012 8:27pm
Quoting KiwiTrada
Man candles need comfirmation, and when you talking monthly charts, patterns take months to confirm and many more months even years to play out, it is wise to wactch higher tf's but you have to keep them into perspective
Back test you will find multilple consecutive monthly dojis, long term trades go nowhere, but lower tf's were tradeble, using appropriate mm rr, pretty much horses for courses bro, safe trading
  • #588,293
  • Jan 25, 2012 8:29pm Jan 25, 2012 8:29pm
wish you Bears would get busy flogging the EUR so I can pick up more EUR bargains

  • #588,294
  • Jan 25, 2012 8:31pm Jan 25, 2012 8:31pm
Previous broken supports become strong resistances... Massive short around 1.3144/70. Smart trading to all
Attached Image (click to enlarge)
Click to Enlarge Name: forex.JPG Size: 103 KB
  • #588,295
  • Jan 25, 2012 8:53pm Jan 25, 2012 8:53pm
will the EU hit 1.32?

The H1 ib has shown an upward trend....

but how long it can sustain?

all expert out there... please comment. ^^ tq
  • #588,296
  • Jan 25, 2012 8:54pm Jan 25, 2012 8:54pm
heloo every body, i wanna ask, why euro comes bullish this tonight after FOMC Statement ( interest rate)? and if the FED is stabil what means effect to current dollar and euro? tq..
  • #588,297
  • Jan 25, 2012 9:10pm Jan 25, 2012 9:10pm
Quoting Sarvegus
heloo every body, i wanna ask, why euro comes bullish this tonight after FOMC Statement ( interest rate)? and if the FED is stabil what means effect to current dollar and euro? tq..
Interest rates are expected to be held at currently low rates until late 2014. Return on dollar holdings therefore low and less attractive. Couple this with recent risk-on factors and a natural retracement to dollar strengthing since late October/2011 and you get what you are seeing now.
  • #588,298
  • Jan 25, 2012 9:11pm Jan 25, 2012 9:11pm
Quoting chinana
will the EU hit 1.32?

The H1 ib has shown an upward trend....

but how long it can sustain?

all expert out there... please comment. ^^ tq
If the trend holds, 1.32 should hit. But how long it stays around that level, no-one can tell.

My advice: you should stop trying to predict such things as either "it will happen" or "it won't happen". Each eventuality has its own probability depending on the observer. It's not always clear cut 100pct or zero pct.

Just assign your own probabilities and place your stops based on that.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #588,299
  • Jan 25, 2012 9:13pm Jan 25, 2012 9:13pm
Quoting chinana
will the EU hit 1.32?

The H1 ib has shown an upward trend....

but how long it can sustain?

all expert out there... please comment. ^^ tq
It can go up till 1.3197, the previous max, or 1.3211, the previous low 24/11/2011, or probably it will keep it to 1.3144, as I written inthe previous post, because itīs a strong resistence for sure...after that, it will go down to 1.3050, the previous strong resistence by 3 time on 4/2 hours before was broken...the most difficult is to control psycological emotional trades...
  • #588,300
  • Jan 25, 2012 9:14pm Jan 25, 2012 9:14pm
Quoting Sarvegus
heloo every body, i wanna ask, why euro comes bullish this tonight after FOMC Statement ( interest rate)? and if the FED is stabil what means effect to current dollar and euro? tq..
FED announced that the interest rate will be kept near zero level till 2014 , so for carry trades its favorable for catry trades dealing with currency such as AUkd (which has highest interest rate) and to some extent the other currencies as well.
546 traders viewing now