EURUSD | Page 33619 | 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

  • #672,361
  • Jul 26, 2012 12:43pm Jul 26, 2012 12:43pm
Quoting divak
Why using so little margin? U use what level of leverage? 50? more?
EURUSD average absolute moves are quite modest if u compare to an equity underlying.
Today is a big move day, and it stands just around 1.2%...
I have learned that directly from a CEO of a Bank in Zurich ...

And when I started to do it with them ... I have made best results that way ... although a leverage of 100 is allowed ...

Within the first year of trading even it has not been allowed to hold any positions during the night sessions after "rollover" ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #672,362
  • Jul 26, 2012 12:43pm Jul 26, 2012 12:43pm
Quoting letscry
so what is going to happen if spains 10ys pass 7 again tomorrow...
they will bring in the ECB dude ASAP to reassure us that euro is strong and that it will prevail!
  • #672,363
  • Jul 26, 2012 12:45pm Jul 26, 2012 12:45pm
Quoting letscry
so what is going to happen if spains 10ys pass 7 again tomorrow...
what dows your mean?
  • #672,364
  • Jul 26, 2012 12:48pm Jul 26, 2012 12:48pm
Quoting mercy seat
I have learned that directly from a CEO of a Bank in Zurich ...

And when I started to do it with them ... I have made best results that way ... although a leverage of 100 is allowed ...

Within the first year of trading even it has not been allowed to hold any positions during the night sessions after "rollover" ...





;-|
Immediate range is 1.2350 - 1.2250 for me at the moment ...

Corrective downside limited for a while ...

Can pop one more time before it will fail due to weakness ...




palim palim




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #672,365
  • Jul 26, 2012 12:48pm Jul 26, 2012 12:48pm
Quoting divak
Be pragmatic, u must do the way that fits u. Not what others do.
This is a golden rule, unfortunately i paid a lot to learn it - no in Forex only, but generally in life. About the leverage , i use 20 on the first take off with small amount of money - as a test, if it continues i go up 40 on the second load up and after that 50. High leverage doesn't take prisoners , he has no mercy.

@mercy: Thanks my dear friend and i'm really happy that someone is enjoying what i write , besides me I mean by 50 percent , is i use only 50 percent as maximum to enter a trade and leave the other half as my margin insurance to make sure i will not be stopped out in a highly volitatly market or i will get a margin call. This is the way Bill Williams , the inventor of Bill Williams indicators used as his personal style of trading. If you use Meta trader or any plateform you will find his group of his indicators under his name.

In face, most of people trading on volume , fractals and MACD don't even know that the guy was the famous user of them.
"It's the Margin, Stupid."
  • #672,366
  • Jul 26, 2012 12:53pm Jul 26, 2012 12:53pm
Quoting Kidman
what dows your mean?

well eur/usd was falling since spain 10y notes passed 7 point, today draghi talked about giving euro power but tomorrow if spain 10y notes pass7 will draghi come out and talk again dont think so...
  • #672,367
  • Jul 26, 2012 1:00pm Jul 26, 2012 1:00pm
Quoting letscry
well eur/usd was falling since spain 10y notes passed 7 point, today draghi talked about giving euro power but tomorrow if spain 10y notes pass7 will draghi come out and talk again dont think so...
DJ MARKET TALK: Bill Gross Unimpressed by Draghi-Driven Spain Bond Rally
13:57 EDT - The Spanish government bond market is on fire following some reassuring words from ECB's Draghi. But that doesn't impress bond king Bill Gross. Gross, who has been avoiding the euro zone's debt market, writes in his latest Twitter post: 'Spanish yields drop 50 basis on Draghi. No matter. They need 400 basis more to remain solvent longer term.' The 10-year Spanish yield still trades around 7% even with the strong rally. Some investors doubt the rally in risky assets will last. 'I've learned from the experience in the last 2.5 years that, whenever there was a question about a 'game changer,' 'no' always turned out to be the right answer,' says Stephen Jen, managing partner at hedge fund SLJ Macro Partners. 'There is no short-cut to resolving the problems in Europe. It will take a long time.' ([email protected])
  • #672,368
  • Jul 26, 2012 1:07pm Jul 26, 2012 1:07pm
Quoting Vachus
This is a golden rule, unfortunately i paid a lot to learn it - no in Forex only, but generally in life. About the leverage , i use 20 on the first take off with small amount of money - as a test, if it continues i go up 40 on the second load up and after that 50. High leverage doesn't take prisoners , he has no mercy.

@mercy: Thanks my dear friend and i'm really happy that someone is enjoying what i write , besides me I mean by 50 percent , is i use only 50 percent as maximum to enter a trade and leave the other half as my margin insurance...
Okay ... maybe we do use different terms for same facts ...

I do name that "positions adjustment" when I report my trades ...

That means I start with a staple of various orders at a certain specific entry area ... and by aggregation it can happen that starting leverage is a little bit higher at first ... and then after 5 or 10 pips in the green zone I unwind a bigger part again in order to keep on obtaining the best entry results ...

I must finish now ...

Let's talk about later ... because I must go for a while ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #672,369
  • Jul 26, 2012 1:13pm Jul 26, 2012 1:13pm
Quoting mercy seat
Okay ... maybe we do use different terms for same facts ...

I do name that "positions adjustment" when I report my trades ...

That means I start with a staple of various orders at a certain specific entry area ... and by aggregation it can happen that starting leverage is a little bit higher at first ... and then after 5 or 10 pips in the green zone I unwind a bigger part again in order to keep on obtaining the best entry results ...

I must finish now ...

Let's talk about later ... because I must go for a while ...





;-|...
PS ... this move is pure market euphoria ...

An article about is written in my private section ...

#5101 see this Link ...

Unfortunately in pure clean and propper GERMAN available only ...

###

You will see they will find out that ECB will start printing money in a huge volume ... and that won't bring the Euro up ...




2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #672,370
  • Jul 26, 2012 1:31pm Jul 26, 2012 1:31pm
BUY STOP 1.2288
  • #672,371
  • Jul 26, 2012 1:47pm Jul 26, 2012 1:47pm
Quoting Afarensis
BUY STOP 1.2288
You are buying top in the middle of nowhere - just my advice
swing it!
  • #672,372
  • Jul 26, 2012 1:49pm Jul 26, 2012 1:49pm
Quoting tomspin
You are buying top in the middle of nowhere - just my advice
i second that
"It's the Margin, Stupid."
  • #672,373
  • Jul 26, 2012 1:51pm Jul 26, 2012 1:51pm
Quoting SlyQsx
Attachment
That is some good charting.....

but what are you expecting next ?
PPP - Patience Pays PIPS
  • #672,374
  • Jul 26, 2012 1:53pm Jul 26, 2012 1:53pm
Usually i don't trade long term , but there is a high probability for a big correction to 1,2950 level . I see 3 levels which should be taken to confirm this scenario.

First one 1,2142 (4th wave of the 1,2326-1,2038 move) already taken.
Second one 1,2326 (4th wave of the 1,2752-1,2038 move)
Third one 1,2752(4th wave of the 1,3488 - 1,2038 move)

My plan is to add longs on each pullback unil 1,3000 where i will adjust my stops or will take some profits.

Moreover the montly time frame is oversold and close to a big support a previuos morning star.
  • #672,375
  • Jul 26, 2012 1:56pm Jul 26, 2012 1:56pm
Quoting tomspin
You are buying top in the middle of nowhere - just my advice
So what are you suggesting then Tom? Should he not be buying? Or should he put the buystop at some other point?
  • #672,376
  • Jul 26, 2012 1:57pm Jul 26, 2012 1:57pm
Quoting droox
Usually i don't trade long term , but there is a high probability for a big correction to 1,2950 level . I see 3 levels which should be taken to confirm this scenario.

First one 1,2142 (4th wave of the 1,2326-1,2038 move) already taken.
Second one 1,2326 (4th wave of the 1,2752-1,2038 move)
Third one 1,2752(4th wave of the 1,3488 - 1,2038 move)

My plan is to add longs on each pullback unil 1,3000 where i will adjust my stops or will take some profits.

Moreover the montly time frame is oversold and close to a big support a previuos morning...
If you added charts to it, then it will be easier to see what you see.....
I am looking at similar levels too....long till 1.2980......
PPP - Patience Pays PIPS
  • #672,377
  • Jul 26, 2012 2:05pm Jul 26, 2012 2:05pm
Quoting rustyram
If you added charts to it, then it will be easier to see what you see.....
I am looking at similar levels too....long till 1.2980......
Here it is
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 113 KB
  • #672,378
  • Jul 26, 2012 2:12pm Jul 26, 2012 2:12pm
I hate movements like this , now i have to wait at least 1-2 days to start trading again .I'm a trend trader ..
  • #672,379
  • Jul 26, 2012 2:16pm Jul 26, 2012 2:16pm
Quoting almo
So what are you suggesting then Tom? Should he not be buying? Or should he put the buystop at some other point?
Stand aside, wait for London open or morning fix and act accordingly to conditions 88 is neither support, pivot nor psych level I may add that it is not far from top of the 200 pip rally - see what I mean?
If it is longer hopium it should come back to 1.2200/2240 area this would be a good spot to buy imo.
Worth to read and remember that today's action is rinse & repeat - remember that huge weekend gap after plan for Spain few weeks back???? exactly
http://www.zerohedge.com/news/here-w...raghi-just-yet


swing it!
  • #672,380
  • Jul 26, 2012 2:23pm Jul 26, 2012 2:23pm
Seems to be bouncing off of "support" of 1.2275 and "resistance" of 1.2290...any ideas if this will break today?
Good luck and may the odds be ever in your favor!
3,360 traders viewing now