EURUSD | Page 33738 | 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

  • #674,741
  • Aug 2, 2012 10:18pm Aug 2, 2012 10:18pm
Quoting Kaizen FX
chill guys...we are here to share our strategy and to learn.everyone has their own strategy and trading styles.if u are comfortable with ur strategy just follow them..i admit i'm a noob with little experience..im not mad with ur statement KumoDragon and i will take that as an advise ..can i know your SL range?
I don't trade with anything less than a 100 pips stop loss. I've seen too many good trades getting bumped out by abberant moves. There are just too many things, like big news reactions, slight news reactions, spread widening.. that make small stops too risky. It also helps when I'm right about the overall direction, but my entry isn't the best. I only risk 5% over that 100 pips.

Small stops look good in hindsight, unless you can pick the exact place price is going to turn in the favor of a proposed trade AND enter at exactly the price wanted 15 pips ends up being stupidly small.
  • #674,742
  • Aug 2, 2012 10:18pm Aug 2, 2012 10:18pm
Quoting mohan76
i was surprise to see spark before press conference, i was side lined , and once he open his mouth selling was started , looks everything was pre-planed then he add fuel to selling
Maybe Dragshit's wife has a forex account in Switzerland
New voice message: Why are you calling me? If I need you, I'll call you!
  • #674,743
  • Aug 2, 2012 10:22pm Aug 2, 2012 10:22pm
I'm waiting for a little bit up to have a better position to short
New voice message: Why are you calling me? If I need you, I'll call you!
  • #674,744
  • Aug 2, 2012 10:23pm Aug 2, 2012 10:23pm
Quoting KillerWhale
Maybe Dragshit's wife has a forex account in Switzerland

he might have some offshore company i am planing to send offer to g20 CB presidents show some signal before open mouth (in old faction adjust tie, check time ......), i will share 50% of the profit
Mohan
  • #674,745
  • Aug 2, 2012 10:25pm Aug 2, 2012 10:25pm
Quoting KumoDragon
I don't trade with anything less than a 100 pips stop loss. I've seen too many good trades getting bumped out by abberant moves. There are just too many things, like big news reactions, slight news reactions, spread widening.. that make small stops too risky. It also helps when I'm right about the overall direction, but my entry isn't the best. I only risk 5% over that 100 pips.

Small stops look good in hindsight, unless you can pick the exact place price is going to turn in the favor of a proposed trade AND enter at exactly the price wanted...
my 100 pips value is probably only 1%. But on average if i can trade full day, i can get 2%+ normally. I am not in trade most of the time, my entry is mainly buy sell stop during us session so that i don't go against the trend. US session has too many noise, as everyone is trading and worst is that robots are now trading on behalf of humans, which makes things even worst and drastic!. Such moves like ytd is an eye opener once every few months. Tight stop are only unnecessary losses, else just stay sideline until volume gone down and enter trade like ytd around 1.2140 when everyone went off and volume slides low, means it's time to get in safely.
  • #674,746
  • Aug 2, 2012 10:36pm Aug 2, 2012 10:36pm
Quoting mohan76
short is favourable as long as 82 hold, i am waiting for 0320 to take long

edit : looks she want to do a stop run
good call!
  • #674,747
  • Aug 2, 2012 10:38pm Aug 2, 2012 10:38pm
Quoting KillerWhale
Your fib's were invalid when it broke through the bottom
and you are using the closing price of the 5 minute chart.

Never heard of that version
There must be rules I've haven't heard of then.

The rules I go by are, use what works.

And so when there are spike reversal bars ignore the extended range which probably has very few trades (those unfortunates who bought the high or sold the low) and therefore it makes sense to use the close where more trades probably took place.

On that 5 minute chart measuring the drop - as in the move down (all red candles but one) till it leveled off - the 23.6% retracement level nailed it almost to a fractional pip - again on a closing basis.

Most traders I know, realize closing prices even on an intraday basis are most of the time more important than high/low ranges.

Here is a H1 chart from Tuesday - again truncating spikes, which missed 61.8% level by 0.00002 pips:
Attached Image (click to enlarge)
Click to Enlarge Name: EUfibB.png Size: 55 KB
  • #674,748
  • Aug 2, 2012 10:40pm Aug 2, 2012 10:40pm
Quoting ForExtraPips
This is one boring ranging market. Typical after a big day like today.
Market is waiting on NFP Tomorrow.
  • #674,749
  • Aug 2, 2012 10:44pm Aug 2, 2012 10:44pm
Quoting SunTrader
Market is waiting on NFP Tomorrow.
wow!.......nice to see you again. long time too

i think it is a positive number
  • #674,750
  • Aug 2, 2012 10:54pm Aug 2, 2012 10:54pm
Quoting SunTrader
There must be rules I've haven't heard of then.

The rules I go by are, use what works.

And so when there are spike reversal bars ignore the extended range which probably has very few trades (those unfortunates who bought the high or sold the low) and therefore it makes sense to use the close where more trades probably took place.

On that 5 minute chart measuring the drop - as in the move down (all red candles but one) till it leveled off - the 23.6% retracement level nailed it almost to a fractional pip - again on a closing basis....
Tuesday: coincidence I would say. I always use top to bottom and that works well for me. And as with any resistance and support, fib's are not exact numbers, they are zones.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #674,751
  • Aug 2, 2012 11:01pm Aug 2, 2012 11:01pm
4h closed in no man land again
Mohan
  • #674,752
  • Aug 2, 2012 11:04pm Aug 2, 2012 11:04pm
Quoting mohan76
i was surprise to see spark before press conference, i was side lined , and once he open his mouth selling was started , looks everything was pre-planed then he add fuel to selling
seems so....
lol and now no one believe in him anymore...
hope on hope off
Patience, Emotion Control and Discipline.
  • #674,753
  • Aug 2, 2012 11:08pm Aug 2, 2012 11:08pm
Quoting KillerWhale
Tuesday: coincidence I would say. I always use top to bottom and that works well for me. And as with any resistance and support, fib's are not exact numbers, they are zones.
Tops and bottoms are all that I use, too. And they sure do work just fine.
Time turns trend. - W.D. Gann
  • #674,754
  • Aug 2, 2012 11:15pm Aug 2, 2012 11:15pm
[quote=KillerWhale;5899206] Stops

as an example, where would you place this stop.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd3.png Size: 54 KB
  • #674,755
  • Aug 2, 2012 11:21pm Aug 2, 2012 11:21pm
Quoting KillerWhale
Tuesday: coincidence I would say. I always use top to bottom and that works well for me. And as with any resistance and support, fib's are not exact numbers, they are zones.
Not looking to convert anyone but if you noticed, sdcasper who I was replying to, was already considering using either the high of the up bar or the high of the down bar - which eliminates one of the spikes.

So for those who like sdcasper and myself I am suggesting use the highest close of the move. That is all.

BTW when there are no spikes, ranges work just fine.

Carry on.
  • #674,756
  • Aug 2, 2012 11:23pm Aug 2, 2012 11:23pm
I guess I would have that stop above 1.2230, but for me I don't trade NFP this way. I start flat and put pending limit orders at the outer s/r levels in hope to get picked up for some big gains.

But that's just me.

Best wishes and GL with trade.
Cheers

[quote=sdcasper;5899280]
Quoting KillerWhale
Stops

as an example, where would you place this stop.
  • #674,757
  • Aug 2, 2012 11:40pm Aug 2, 2012 11:40pm
bulish divergence on daily chart....

long @ 1.2175, sl 1.1975

any comment are welcome.

peace...
Attached Image (click to enlarge)
Click to Enlarge Name: Eu1.png Size: 119 KB
Peace Yo!
  • #674,758
  • Aug 2, 2012 11:43pm Aug 2, 2012 11:43pm
Quoting mrluckystar
bulish divergence on daily chart....

long @ 1.2175, sl 1.1975

any comment are welcome.

peace...
I've been saying "1.24xx and Beyond" for some time now.

Unfortunately, today's news fubard anything beyond 1.24 for the time being.
  • #674,759
  • Aug 3, 2012 12:00am Aug 3, 2012 12:00am
[quote=mrluckystar;5899323]bulish divergence on daily chart....

any comment are welcome.

5 min 200ema is pretty bearish. sticking with my conviction. glad i took the 13.8 pips earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4.png Size: 67 KB
  • #674,760
  • Aug 3, 2012 12:01am Aug 3, 2012 12:01am
Quoting mohan76
4h closed in no man land again
Yeah I'm getting quite bored with this
New voice message: Why are you calling me? If I need you, I'll call you!
425 traders viewing now, 1 is registered:
Abeesh107844