The pic above was yesterday, i believe.
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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
DislikedIn general I agree with you 100%. and, if this was any other day besides a pre-nfp day....where big players are mostly holding back taking trades until the number is released...I would say I would not consider such information anything other than information to explain why my short is moving slowly through 2300
But... it's the LACK of bigger players doing much right now that provides a window of opportunity, pre-NFP.
when NFP hits.... this opportunity will likely be erased in one second.
Does this make sense? or do you see reason to...Ignored
DislikedI scalp but I only trade in the daily trend. Pull backs are something I love. We are not talking about anyone being able to change the trend. I don't see how this really is going to change anything. I surely wouldn't panic about it... The Aussie market mad a new low on the eur today.... I mean it's almost laughable to buy it.. I cant see a sign to nor can anyone validate a buy to me. Other then it's hit this price it has to go up. That not validation. That to me is a poorly thought out trading plan. He might be on the money but I'm not staking...Ignored
DislikedWhat is it doing???
I think it will test 2343 and then down again....Ignored
DislikedHmmm... seems we have entirely different views of looking at the market.
For me, knowing that there is a block of buy order on the euro/usd between 1.2315 and 1.2300 that is at minimum $50 million dollar worth, but could be upwards of several hundered million is good enough reason for me to justify a buy.
one could take a 15 pip stop, and already have gotten 1:1 on the trade. I didn't take it because I'm on a personal "time out" for today (read my journal if u wanna know details)...
but, as far as "before the news", or "during the...Ignored
DislikedRegarding COT.... here is a link i've found basically everything that I personally use with regards to COT analysis. Othe folks get really into it... not me. But, I will say without any hesitation that for long term, multi month, 500 -1000 pip + moves, there is no other method of analysis or indicator that compares with what can be gotten out of the COT report.
I use this site for cot info: http://www.timingcharts.com/
I pay extra special attention to the blue line.
here is a link that basically sums up exactly how I look at...Ignored
Dislikedits all guess work. if a pull back turns into a trend i will trade it. until then im sitting on my hands. you said 50 million? you certain about that? you seen the reliable numbers? i havent i have heard to many people screaming buy and seen it run them over. oh and i did say i like the knowledge about 1.23. just i cant see to much being trend breaking.. a pull back for a few days sure. but eur is in to much debt. cant see it coming good and a big move buy a few banks doesnt change the nature of the beast just stalls it. i trade in the trend and...Ignored
Dislikedoh... and by the way... at 2250 and 2200...there are more such barrier options... and they are rumored to be much bigger than the one at 2300.
So, i'm thinking right now... I really am not sure how the market will take the NFP number... I can see pretty good reason to sell the euro no matter what.
that being said...I now know that at least some of the defensive buying around the 2300 level is gone.... so should the market decide to drop once NFP comes out, I'll be happy to bet that whatever buy ordres are not yet filled will get crushed...Ignored
DislikedAren't the large commercials, the hedgers? In other words they are not concerned with profiting, but rather protecting their contracts? In other words they go long when the market drops, short when it raises..Ignored
Disliked
A good portion of it yes.
But, i've not yet fouhnd a single service that really has everything...and that makes sense in fact, as different writers and reports and financial firms have different access to different order books, information, etc.
The best thing to do is surf the web, comb this site for info, and others.
twitter is a good place too.
make a list of every place you can find... and then just go through them all as the day begins.Ignored
DislikedI have 1.227x as the next major support, below would see the floodgates open to below 1.20 perhaps. Anyone?Ignored
DislikedActually, I am pretty sure about that. for example...and i'm quoting right off a news print that came out 2 hours and 18 minutes ago:
"EUR/USD still battling with defensive bids ahead of 1.2300 (barriers), and given the current risk off gloom is largely euro-centric, it is a quite pervasive situation that is playing out here. USD/JPY is now within 10 ticks of 78.00...etc...etc... and cable has been hammered. Yet, we are still trading about 1.2300!"
that's part of it. i'm not going to retype the whole thing. SO... ya. i'm pretty darn frickin...Ignored