EURUSD | Page 36083 | 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

  • #721,641
  • Nov 24, 2012 7:48am Nov 24, 2012 7:48am
Quoting yelena
yesterday, i was about to quit (indicator trader here, EA executed). what's hard is to initiate cut loss one after another for 4 consecutive times x 2 pairs (EU and EJ).

i was ready to close shop at BE during the uptrend but i waited all day. i didn't want to just give up. so i just placed trailingSL at R2 (TP R3-1 pip) and EJ with trailingSL at R1 (TP R2-1 pip) then closed PC and slept.

blindly following the trading plan and executing just 1 system is the hardest thing to do. 3/5 days a week, i find myself in this...
trading with an EA in such uncertain market must be difficult. Most of the time, I just dont trade the Euro when We have news like we had this week. Avoiding uncertainty is my Golden Rule
I will become the World's best at my own style
  • #721,642
  • Nov 24, 2012 7:59am Nov 24, 2012 7:59am
Quoting Nachiket
addicted? take some rest man. next 3 weeks will be explosive
Well, not really addicted, you have to invest time to get reward.

You can call it what ever you want to!
  • #721,643
  • Edited 10:47am Nov 24, 2012 9:30am | Edited 10:47am
Quoting 1candlepower
(note: i post this comment because of a phone call from our live-in house-sitter. she trades forex profitably and is a physics major, though i did not know she was also a forum participant ---- anyway she's a little disturbed that she is not getting moderated quickly enough to timely respond to the above comment by rockon1212. after discussing this at length, i mostly agree with what she is saying and will take responsibility for this post; so, repeating her post in MY own words

rockon, i have a little trouble following your argument as...

why would volatility be gone. when news, economy, war happen everyday. it dont mean everything have to stop when shit happen everyday. but what happening right now is a rigg game.

I dont think you understand what Im trying to point out. What im trying to point out is 90+%(NOT 100% why??? cuz news, war, bank bailout happen) of trader are losing in Forex(those of you who been trading for long time probly know this well). so if you know what majority of trader are long or short that will help increase your chance of wining some what more would it not?

http://www.fxpro.co.uk/trading/accou...ader-dashboard

Client position
EUR/USD ratio is 38% long/ 62% short. (this is ratio im referring to. not sure what you referring to 1candlepower)

before this daily uptrend happen ratio was close to 50/50 and the week just before this uptrend happen ratio was more long then short(EU went down during that time)

those of you who want to find out this will be true again coming up next trend just have to watch sentiment. as I think it would be same, more people taking more long EU then down trend will start. ( or many traders got stop out and sentiment return to be more even ratio)


Im not saying news have no effect as for one rate cut from of central bank would of course have effect. some time is big enough to change sentiment. and also some time go with sentiment make trend even bigger.


what if trader and everyone just trade base on position ratio? then it would just be same game(why would it not, still dog eat dog) all over again but just matter of speed and information you can collect. Not that we would ever get to that point anytime soon as everyone still looking at MACD CCI RSI(lot of trader probably took short this up trend again base on those indicator) and not base on fact of what move the market. what move the market????? what we can only do to move market - TRADE.
  • #721,644
  • Nov 24, 2012 9:56am Nov 24, 2012 9:56am
This week EURUSD is strong rally. Touched few important Fibonacci level.
Let's see where EU is heading next week.


Twinsummit
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD TEST LEVEL - 24.11.2012.jpg Size: 236 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #721,645
  • Nov 24, 2012 9:56am Nov 24, 2012 9:56am
I have called more than a few turns in the eurusd and my cycle work would lead me to conclude that Friday was the hgh and we should now see either a further move to the downside lasting at least three to five days.

Mike Haran



By the way in answer to your post above. if you are on the right side of the market that is not the case
  • #721,646
  • Nov 24, 2012 10:04am Nov 24, 2012 10:04am
Quoting Celente
Cmon, he is just making a statement, no need to act like a bully. Why dont you try to help him instead
Are you serious?
How can you help someone who takes a big losing position and then without stops intentionally let it ride to a margin call?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #721,647
  • Nov 24, 2012 10:06am Nov 24, 2012 10:06am
Quoting Celente
Avoiding uncertainty is my Golden Rule
In trading that means ....................... don't trade.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #721,648
  • Nov 24, 2012 10:06am Nov 24, 2012 10:06am
Quoting attila
I don't know.. This move threw me off a little tbh.. Just looking at it, it's a horrible way to attack 1.3 and it's just asking for a good slap. We'll see what a little more normal liquidity will to to it next week..

Here's one scenario:

EURUSD pulls back to 1.2956 - 1.2957
Launches from there to 1.3036
EURAUD touches 1.25033

At 1.3036, you get to bitch-slap this dog like you've been wanting to this past week...
  • #721,649
  • Nov 24, 2012 10:07am Nov 24, 2012 10:07am
Quoting KillerWhale
Are you serious?
How can you help someone who takes a big losing position and then without stops intentionally let it ride to a margin call?
the real bad guy...
  • #721,650
  • Nov 24, 2012 10:29am Nov 24, 2012 10:29am
Quoting chess king
the real bad guy...
hey dear what kind if help you need.
  • #721,651
  • Nov 24, 2012 10:36am Nov 24, 2012 10:36am
Quoting surajkincity
hey dear what kind if help you need.
hi
thank you but do not need any help ... only self help ...
  • #721,652
  • Nov 24, 2012 10:50am Nov 24, 2012 10:50am
Quoting BlueCirrus
Here's one scenario:

EURUSD pulls back to 1.2956 - 1.2957
Launches from there to 1.3036
EURAUD touches 1.25033

At 1.3036, you get to bitch-slap this dog like you've been wanting to this past week...
I see your rationale for price pulling back to the now broken fib to re-test support, but why do you believe that price is going to break past the double zeroes, and then the very close confluence of the 76.4% retracement and the very clear support/resistance zone set up from multiple local highs and lows? The last time price got to this area it was rejected quite strongly as well, which makes me believe we may very well see a ton of supply in this area again, especially with the other factors coming into play and other traders/funds/banks seeing this. I think if in fact it does get to 1.3036, it's probably managed to get past resistance and will move to the next key level at 1.30821. That's the way I'm looking at this, but if I'm missing something please give me a heads up.

Attached Image (click to enlarge)
Click to Enlarge Name: h.png Size: 62 KB
  • #721,653
  • Nov 24, 2012 11:00am Nov 24, 2012 11:00am
My intial look on EURUSD remain Bullish - from Technical side of things , the lastest move if it managed to close November just above 1.29500 - will open 1.32400 January High Slighty bullish. A november closing above 1.30800 will be agressive bull towards 1.35 ! ( Which i think is in the process of happening , December is tanked with Market moving events ). The Monthly chart support the 1.45 Senario ... which mean that 2013 most probably is a bullish year for Euro

But 1.35 is not far away

* To be continued
"It's the Margin, Stupid."
  • #721,654
  • Nov 24, 2012 11:32am Nov 24, 2012 11:32am
man.. everyone has opinions of where we are gone.. about half or right and about half are wrong most think.. does it really matter? if you use chicken bones to trade, and its working. as you stick to your plan great, keep doing it. your doing better then most sticking to something, that fails over and over. we were at 1.6038 4 years ago. today at 1.2991 i think 19% lower then 2008... at 1.1876 it was close 26%.. at 1.0008, its about 37.6%.... #s are a funny thing.. for instance at 1.6038.. if you subtract a random # like,, lets say 37.6 % from 1.6038, and since i know nothing about math.. you come up with 1.008 for instance.. then you take that difference and divide by 2.. i wonder how that would work. lets try and look.. (1.6038-37.6%=1.0008) (1.6038-1.0008=.603 difference) (.603/2=.3015) .. .3015+ 1.0008=1.3023.... g i wonder if we have had activity here..i wonder what 1/2 of 37.6 is.. and how close to 19% it is.. trends are not just direction.
those who can, do. those who cant, talk about those who can
  • #721,655
  • Nov 24, 2012 11:43am Nov 24, 2012 11:43am
Quoting Vachus
My intial look on EURUSD remain Bullish - from Technical side of things , the lastest move if it managed to close November just above 1.29500 - will open 1.32400 January High Slighty bullish. A november closing above 1.30800 will be agressive bull towards 1.35 ! ( Which i think is in the process of happening , December is tanked with Market moving events ). The Monthly chart support the 1.45 Senario ... which mean that 2013 most probably is a bullish year for Euro

But 1.35 is not far away

* To be continued
how do you figure that..? last year closed at 2962.. yes we are above.. atm.. but the yearly candle if closed today is a doji.. we have a month left. we have been lower then normal 120 adr for months. we can easily pick up the pace of movement this last 5 weeks. i am not saying your wrong.. but your not gonna get a second date if she has to clean her belly before.
those who can, do. those who cant, talk about those who can
  • #721,656
  • Edited 3:06pm Nov 24, 2012 11:45am | Edited 3:06pm
Quoting Kanzler
I see your rationale for price pulling back to the now broken fib to re-test support, but why do you believe that price is going to break past the double zeroes, and then the very close confluence of the 76.4% retracement and the very clear support/resistance zone set up from multiple local highs and lows? The last time price got to this area it was rejected quite strongly as well, which makes me believe we may very well see a ton of supply in this area again, especially with the other factors coming into play and other traders/funds/banks seeing...
First, open an H4 chart, squeeze it up until you can see as far back as the September 17th high, and look to the left of the current price and ask yourself where the swing traders who are short would capitulate. The market makers want those stops before taking the market back down. As far as position traders who are short, the market will come back later on and take care of that business.

Second, there are multiple price projections into that area, although, as you said, it can go even higher (I have 1.30574 and 1.30743).

Third, looking at EURAUD's target and doing a ratio analysis, EURAUD @ 1.25033 correlates (roughly) with a move in the EURUSD to 1.3036.

And last, wave analysis indicates that this level is one of the target zones for this swing.



Note: I build these scenarios and sometimes it looks like I wrote the script for the market....Other times, it's not even close. So, as they say, let the PA dictate where you enter the market.

If the market is going by my script, then I trade more agressively...If not, then I stand aside and do more observing than trading.

Hope it helps!
  • #721,657
  • Nov 24, 2012 11:59am Nov 24, 2012 11:59am
Quoting BlueCirrus
First, open an H4 chart, squeeze it up until you can see as far back as the September 17th high, and look to the left of the current price and ask yourself where the swing traders who are short would capitulate. The market makers want those stops before taking the market back down. As far as position traders who are short, the market will come back later on and take care of that business.
[...]

If the market is going by my script, then I trade more agressively...If not, then I stand aside and do more observing than trading.

Hope it helps!...
Sometimes I don't see where people get their information from but if you don't ask you'll never learn. I still think if it gets to the level you're saying it will, price is going to rocket towards the next key level, especially if a bunch of stop loss (buy) orders are triggered above this resistance zone, so shorting and putting a stop loss higher just seems like throwing good money after bad. Then again, I'm very limited on experience and you've probably seen how this plays out many more times than I have. I appreciate your willingness to share your thoughts and experience - thank you. It was indeed quite helpful.
  • #721,658
  • Nov 24, 2012 12:04pm Nov 24, 2012 12:04pm
Quoting gatorinla
man.. everyone has opinions of where we are gone.. about half or right and about half are wrong most think.. does it really matter? if you use chicken bones to trade, and its working. as you stick to your plan great, keep doing it. your doing better then most sticking to something, that fails over and over. we were at 1.6038 4 years ago. today at 1.2991 i think 19% lower then 2008... at 1.1876 it was close 26%.. at 1.0008, its about 37.6%.... #s are a funny thing.. for instance at 1.6038.. if you subtract a random # like,, lets say 37.6 % from 1.6038,...
is an incredible way of thinking .. I like the post ..
MID all time ... (0.8220 ..,,, .1.6038) ... = 1.2116.
just curious ..
Attached File(s)
File Type: pdf Y.pdf   43 KB | 407 downloads
  • #721,659
  • Nov 24, 2012 12:12pm Nov 24, 2012 12:12pm
Quoting KillerWhale
In trading that means ....................... don't trade.
not for me
I will become the World's best at my own style
  • #721,660
  • Nov 24, 2012 12:17pm Nov 24, 2012 12:17pm
Quoting gatorinla
but your not gonna get a second date if she has to clean her belly before.
dude, you crack me up...
1,534 traders viewing now