EURUSD | Page 31961 | 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

  • #639,201
  • May 3, 2012 11:23am May 3, 2012 11:23am
Quoting Anti_Losses
Looks like it is the same as stock market where some fake buying or selling orders just to get ppl to do it in their place
@Anti_Losses:

Yes, exactly as the stock market. I see that you really really understand.
  • #639,202
  • May 3, 2012 11:24am May 3, 2012 11:24am
Quoting HDA
@Anti_Losses:

I use to be glued to the wires. Paying subscriptions fees to get the news first and hear what the market talk or buzz was or is. It was too much to take in. Too much to process and I got frustrated, just listening to all that information and that propelled my search to find a simplier way.

In searching I focused on the 3H and found an edge and have never looked back since. Trial and error - I didnt just pick the 3H - it's just alot of testing and testing and testing and I found something - I could understand,...
well said
Gold Expedition Return This Year: -15.9%
  • #639,203
  • May 3, 2012 11:25am May 3, 2012 11:25am
Quoting samdani786
If hold above 3145, then go back to test the back of the black rising TL ( 3211 )

below 3145, and go down to hit the Blue rising TL (3055. )

My target is 3055 and lower. But I just follow the price from 5 min chart . Up or down , I dont care
What do you mean by "hold"? Daily close or smaller Tf's?
69
  • #639,204
  • May 3, 2012 11:27am May 3, 2012 11:27am
Quoting HDA
@Anti_Losses:

Yes, exactly as the stock market. I see that you really really understand.

Wouldn't you need an absolutely HUGE or order - you are talking major funds or soverign banks here?

You can manipulate penny stocks with a few thousand pounds but this is a bit different.
  • #639,205
  • May 3, 2012 11:27am May 3, 2012 11:27am
Quoting samdani786
In the middle of this chart, you will see a number pointed out as 3145. it was a huge support and that is the actuall # big boys look at. Momentum takes us 5/10 pips up or down but I think smart money always look at these big S&R areas on weekly .

It is just my opinion and I could be wrong completely.

also got same ni 3145/3138.
Gold Expedition Return This Year: -15.9%
  • #639,206
  • May 3, 2012 11:27am May 3, 2012 11:27am
Quoting HDA
@Anti_Losses:

Yes, exactly as the stock market. I see that you really really understand.
Thank you for your lesson and patience today... See you tomorrow in my timezone. Going for my sleep
  • #639,207
  • May 3, 2012 11:29am May 3, 2012 11:29am
Quoting Avir
there u are
The red line is your entry. It's just below the top of the previous main range.. Then it broke it, tested it and up it went...

The black lines are all support right now, obviously all will have to be broken for the price to get to your entry... If it does decide to go down, it will bounce between those lines on the way down.. Once it breaches one, and gets rejected at the next one with a close above the previous (breached) line, will send it up some more.. At this very moment I see no indication of a trend change... no main support was broken.. but daily might work in your favor... however it's daily, may take a while..

At this very moment H4 indicates up probably to go test that line above, just to make sure.. It's not necessary, but possible..

You really want several hourly closes below 1.6163..I think that would tell if your entry will be reached without more draw down..

I hope it will work out for you..

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 151 KB
  • #639,208
  • May 3, 2012 11:31am May 3, 2012 11:31am
Quoting budak baru
im seeing 3200 by tomorrow.
looks like it doesn't want to have anything to do with 3140 so far...
  • #639,209
  • May 3, 2012 11:31am May 3, 2012 11:31am
Quoting Bones
Cable weekly= dark cloud cover i think mainly eur short
my humble opinion cable will test 6298 again.
Gold Expedition Return This Year: -15.9%
  • #639,210
  • May 3, 2012 11:32am May 3, 2012 11:32am
Quoting stevexyg
Wouldn't you need an absolutely HUGE or order - you are talking major funds or soverign banks here?

You can manipulate penny stocks with a few thousand pounds but this is a bit different.
@stevexyg:

Placing a large order doesnt mean you have the money and you can fill it. You can right now place a large market order on your brokers platform and not have the money in your account for it to get filled, but the order is there nonetheless.
  • #639,211
  • May 3, 2012 11:33am May 3, 2012 11:33am
Quoting Anti_Losses
Thank you for your lesson and patience today... See you tomorrow in my timezone. Going for my sleep
@Anti_Losses:

Sleep well - you're welcome
  • #639,212
  • May 3, 2012 11:34am May 3, 2012 11:34am
Quoting budak baru
well said
@budak baru:

Im trying - thanks man.
  • #639,213
  • May 3, 2012 11:35am May 3, 2012 11:35am
Quoting attila
looks like it doesn't want to have anything to do with 3140 so far...
patience is the key.
Gold Expedition Return This Year: -15.9%
  • #639,214
  • May 3, 2012 11:37am May 3, 2012 11:37am
Quoting HDA
@forexings:

This is a common understanding when taking profit. Depending on the TF you trade, TP 10pips before the support or resistance. On the daily and the 4H if you trade it profit should be take 20pips before reaching Major support and resistance levels.
This is called retracement, that means there will be no fresh buyer/seller.
Short term buyers will take this chance from 3050 due to profit taking interest.
You know bear can take 1.3 easily and bull will welcome it. But bear won't take this offer to be trapped in monthly chart as well as yearly huge loss.
If bear can hold the price within 1.34-1.30 till the end of 3rd quarter then it will come up with serious attempt. Bear won't do the same mistake that bull did last year. That's why EU easily buying time.
I hope you understood why 1.30 is a good food for long term buyers.
You cannot learn better without losing
  • #639,215
  • May 3, 2012 11:38am May 3, 2012 11:38am
Quoting HDA
@stevexyg:

Placing a large order doesnt mean you have the money and you can fill it. You can right now place a large market order on your brokers platform and not have the money in your account for it to get filled, but the order is there nonetheless.
OK, I don't trade with a broker so don't know the specifics but if the order isn't filled how does it affect market price? Thanks.
  • #639,216
  • May 3, 2012 11:42am May 3, 2012 11:42am
Quoting forexings
This is called retracement, that means there will be no fresh buyer/seller.
Short term buyers will take this chance from 3050 due to profit taking interest.
You know bear can take 1.3 easily and bull will welcome it. But bear won't take this offer to be trapped in monthly chart as well as yearly huge loss.
If bear can hold the price within 1.34-1.30 till the end of 3rd quarter then it will come up with serious attempt. Bear won't do the same mistake that bull did last year. That's why EU easily buying time.
I hope you understood why 1.30...
@forexings:

Im listening - Ive read everything you've just wrote. I told you what my TP is - please help me to appreciate your point. Im trying to understand what exactly it is that you are trying to say as it relates to my TP of 3050
  • #639,217
  • May 3, 2012 11:46am May 3, 2012 11:46am
Quoting pipnaija
WOW!!! EU on the blazzzzee.. COOOL..

big whipsaw too..


i said yesterday GU will touch 6220 and EU will touch 3183 and they both missed by some few pips

today is a good day for cycle trading freaks

okay as it stands it has formed a strange top @ 3171 and a strange bottom @ 3122.. i would only buy when i have a bull H1 candle formed below this level and a bear H1 candle above 3171.. for now i am in the middle of nowhere so its time to Laugh..


  • #639,218
  • May 3, 2012 11:47am May 3, 2012 11:47am
Quoting stevexyg
OK, I don't trade with a broker so don't know the specifics but if the order isn't filled how does it affect market price? Thanks.
@stevexyg:

Simply put my friend. If you are at home and you get a phone call that naked play bunny girls are on the beach running around, would you leave your house to go and see, if that is in your interest? If you do leave your house and go to see and when you get there they are no naked girls, the phone call (the same large order that was never filled) got you to leave your house and go to the beach to check.
  • #639,219
  • May 3, 2012 11:48am May 3, 2012 11:48am
Quoting attila
The red line is your entry. It's just below the top of the previous main range.. Then it broke it, tested it and up it went...

The black lines are all support right now, obviously all will have to be broken for the price to get to your entry... If it does decide to go down, it will bounce between those lines on the way down.. Once it breaches one, and gets rejected at the next one with a close above the previous (breached) line, will send it up some more.. At this very moment I see no indication of a trend change... no main support was broken.....
Firstly I THANK YOU.! first thing i am going to do when i go to my office in the morning is that i print this chart and stick it by my side.
Secondly: all the way down from 6280 i have been scalping and made enough to close this position that i am holding, but still for some/no reason i am holding this.
If it dont go down no futher, i am going to close this by end of this week - at least i will sleep well then this week end
http://www.forexfactory.com/images/icons/icon14.gif Thank you once again
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #639,220
  • May 3, 2012 11:50am May 3, 2012 11:50am
Quoting HDA
@forexings:Im trying to understand what exactly it is that you are trying to say as it relates to my TP of 3050
You didn't mention that 3050 is your TP.
Your txt indicated 3050 will be in play. I just corrected it to 1.30-2970
Thanks for your clarification.
You cannot learn better without losing
1,087 traders viewing now