EURUSD | Page 35695 | 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

  • #713,881
  • Nov 2, 2012 4:26pm Nov 2, 2012 4:26pm
Quoting chazzle
12 years I been short on the kiwi/dollar .....
Oh buddy. If you vote for the green party youll make some money on that one!
Even the worst trade can close with profit. Just give it time.
  • #713,882
  • Nov 2, 2012 4:33pm Nov 2, 2012 4:33pm
Quoting John Gray
Oh buddy. If you vote for the green party youll make some money on that one!
just a b/e on that one would be fine tbh - lots of kiwis over here in London - good guys , clicky bastards though - either that or they just hate me
  • #713,883
  • Nov 2, 2012 4:34pm Nov 2, 2012 4:34pm
Quoting 2+2=4ex
The weekend is here!!
WTF? - outta here - enjoy all and everyone
  • #713,884
  • Nov 2, 2012 4:50pm Nov 2, 2012 4:50pm
Quoting a16908
Please see the screen shot. As being a senior every one out there advice me as I am learning carve, as I need advice friends.
No happy ending here.
The next logical step is that you will liquidate at the very bottom.
Will you survive?
That is the nature of the game, and this may also be your first and not the last nightmare that will need to wake up from if you want to continue the game.
  • #713,885
  • Nov 2, 2012 4:55pm Nov 2, 2012 4:55pm
Quoting sidhujag
Sl $1
Dude, i guess am gona do a contrary trade to ur calls . seriously i dont know wht u base ur calls, i would watch out for 1668 to hold up on a weekly basis if it does then its a long otherwise u can say bye bye to gold for the short term, if tht level is breached ull see an 100% retracement back to 1590. you should have stuck to ur first call @ shorting 1765 if i remember it correctly . Good luck...
Attached Image (click to enlarge)
Click to Enlarge Name: gold_nov2.gif Size: 52 KB
  • #713,886
  • Nov 2, 2012 4:58pm Nov 2, 2012 4:58pm
EURUSD seems to be trending. Take a look all position builders. Fridays 61.8 Daily Fib also is confluence with 1.29. I'd also be taking a look at 1.2850 on Monday for aggressive sells.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11.4.12 EURUSD Weekly Outlook.png Size: 29 KB
Click to Enlarge Name: 11.4.12 EURUSD Daily Outlook.png Size: 35 KB
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #713,887
  • Nov 2, 2012 5:35pm Nov 2, 2012 5:35pm
Quoting Mingary
No happy ending here.
The next logical step is that you will liquidate at the very bottom.
Will you survive?
That is the nature of the game, and this may also be your first and not the last nightmare that will need to wake up from if you want to continue the game.

I would say still hold on and watch these levels.

1.283
1.289
1.292
1.295
But
Seems bearish and will fall below 1.27
  • #713,888
  • Nov 2, 2012 5:40pm Nov 2, 2012 5:40pm
Quoting B_Prasad
Dude, i guess am gona do a contrary trade to ur calls . seriously i dont know wht u base ur calls, i would watch out for 1668 to hold up on a weekly basis if it does then its a long otherwise u can say bye bye to gold for the short term, if tht level is breached ull see an 100% retracement back to 1590. you should have stuck to ur first call @ shorting 1765 if i remember it correctly . Good luck...


BTW happy Diwali.Hope it reaches 1590 soon and you buy some for wifey.
  • #713,889
  • Nov 2, 2012 5:59pm Nov 2, 2012 5:59pm
Quoting zusch
EURUSD seems to be trending. Take a look all position builders. Fridays 61.8 Daily Fib also is confluence with 1.29. I'd also be taking a look at 1.2850 on Monday for aggressive sells.
you guys are so smart and so knowledgeable and even can predict the behavior of the market where it is going to be at a specific time. I wish I had that inside. Can anybody suggest what I have to do to predict the future? The best thing I can do is to buy a crystal ball....
As Above, So Below
  • #713,890
  • Nov 2, 2012 6:04pm Nov 2, 2012 6:04pm
Who [email protected] overweek ?
  • #713,891
  • Nov 2, 2012 6:11pm Nov 2, 2012 6:11pm
Quoting Ares13
Who [email protected] overweek ?
I have a number of longs from from 2823 to 2830............why ?
  • #713,892
  • Nov 2, 2012 6:17pm Nov 2, 2012 6:17pm
Quoting tashkent
you guys are so smart and so knowledgeable and even can predict the behavior of the market where it is going to be at a specific time. I wish I had that inside. Can anybody suggest what I have to do to predict the future? The best thing I can do is to buy a crystal ball....
I'm sensing some sarcasm in your post, but I'll try to explain why Monday is so important.

Weekly candle is suggesting a retrace up to 1.29 would be logical...
However Fridays daily candle shows a ton of selling pressure and a retrace of even 50% of that candle would be surprising to me.

So what is Mondays daily candle going to look like? Big bullish up candle past Fridays highs? Extremely unlikely. I would say best case scenario for bulls is a retrace up to 1.29 (61.8%), with a close around 1.2880 (50%). Then Tuesday would have the potential to be an up candle as well.

Monday could also be a small inside bar with a retrace up to 1.2850 (23.6%) or 1.2870 (38.2%) at most and then close anywhere between there and Fridays close.

Or we could simply retrace and drop another 80-100 pips.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #713,893
  • Nov 2, 2012 9:54pm Nov 2, 2012 9:54pm
Quoting big_pipin
when is this sell off going to heat up!..tired of all these dojis. ugh.
looks like my short is starting to pay off. With a little patience and time away from the screen, things tend to move faster than expected.
  • #713,894
  • Nov 2, 2012 11:26pm Nov 2, 2012 11:26pm
Quoting a16908
Please see the screen shot. As being a senior every one out there advice me as I am learning carve, as I need advice friends.
IMHO, there are 2 options in regards to your current open position problem buddy:

1. Close it immediately at next week market open, or

2. You can put SL at around 1.2790 (previous low) and TP at around 1.2880. I expect some retracement to around 1.2880 area. (You can save around 60 pips, but the downside is, you will need to risk further around 30 pips to your current losing position if no retracement).

Please refer to zusch's post below (I agree with his analysis):

Quoting zusch
EURUSD seems to be trending. Take a look all position builders. Fridays 61.8 Daily Fib also is confluence with 1.29. I'd also be taking a look at 1.2850 on Monday for aggressive sells.
The choice is yours buddy...
  • #713,895
  • Nov 3, 2012 12:59am Nov 3, 2012 12:59am
Quoting Rf7
IMHO, there are 2 options in regards to your current open position problem buddy:

1. Close it immediately at next week market open, or

2. You can put SL at around 1.2790 (previous low) and TP at around 1.2880. I expect some retracement to around 1.2880 area. (You can save around 60 pips, but the downside is, you will need to risk further around 30 pips to your current losing position if no retracement).

Please refer to zusch's post below (I agree with his analysis):



The choice is yours buddy...
ThanQ so much frnd, can u please share ur skype id or send me request in my id atiquer83.
  • #713,896
  • Nov 3, 2012 3:03am Nov 3, 2012 3:03am
Quoting a16908
Please see the screen shot. As being a senior every one out there advice me as I am learning carve, as I need advice friends.
You need some type of volume analysis. for instance selling is pretty strong on 4hr charts. something you don't want to fight.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #713,897
  • Nov 3, 2012 3:05am Nov 3, 2012 3:05am
Quoting Jay Walker
Dude, I don't know why you're saying "good luck". I'm actually agreeing with you.

If you do a search on Google for forex material, you will find countless "systems" and robots. I have never seen a fly-by-night operation sell material related to money management. Money management isn't sexy and money management doesn't sell.

But money management is the difference between staying in business or not.

Money management should be the first thing discussed in trading but sadly, it usually is not. I myself would have saved tons of money and grief...
blew up several accounts before learning this. now no more blowing up accounts.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #713,898
  • Nov 3, 2012 7:00am Nov 3, 2012 7:00am
Quoting zusch
I'm sensing some sarcasm in your post, but I'll try to explain why Monday is so important.

Weekly candle is suggesting a retrace up to 1.29 would be logical...
However Fridays daily candle shows a ton of selling pressure and a retrace of even 50% of that candle would be surprising to me.

So what is Mondays daily candle going to look like? Big bullish up candle past Fridays highs? Extremely unlikely. I would say best case scenario for bulls is a retrace up to 1.29 (61.8%), with a close around 1.2880 (50%). Then Tuesday would have the...
(I am a beginner, so don't take me too seriously)

Why wouldn't you expect the price to bounce up at the support level (1.2832)?

Plus, isn't that a triangle? In that case, isn't it supposed to be a continuation pattern? i.e. more bullishness?

Thank you
Attached Image
  • #713,899
  • Nov 3, 2012 7:28am Nov 3, 2012 7:28am
Lookign at the H1 chart there was a H&S formation and before close it managed to break and fall to the desired level (1.2825).

Further looking into it at the H4 chart, a double top formation. Before yesterday close due to the h&S formation it breaks the level required for the double top which depics further falling to 1.2770 level.

Looking at the bears momentum this time, 1.2770 during midweek is possible. What do you guys think?

Attached Image (click to enlarge)
Click to Enlarge Name: 031112 H&S formation.jpg Size: 118 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 031112 Double Top formation.jpg Size: 105 KB
  • #713,900
  • Edited 7:54am Nov 3, 2012 7:42am | Edited 7:54am
1.2800//1.28200 ///
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7.jpg Size: 122 KB
Click to Enlarge Name: 8.jpg Size: 83 KB
470 traders viewing now