Trading EURUSD only | Page 1051 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Trading EURUSD Only EA - Back Test & Improvements 30 replies

Attachments: Trading EURUSD only
Exit Attachments

Trading EURUSD only

  • #21,001
  • Dec 3, 2012 8:29pm Dec 3, 2012 8:29pm
Facts:
Long
1H CZ Up
4H LC @ 3048
1H & 4H & D1 broken old TL s

Short
overbought
1H printed wave#5
4H printed wave#5

Iam on Long side yet
  • #21,002
  • Dec 3, 2012 8:31pm Dec 3, 2012 8:31pm
Quoting stevewalker
Facts:
Long
1H CZ Up
4H LC @ 3048
1H & 4H & D1 broken old TL s

Short
overbought

Iam on Long side yet
in the short term theres really no such thing as overbought you know what i mean? at least if this is ultimately headed for 1.338


market does tend to have 2000-3000pip breakout rallies, with very small pullbacks until the final trend reversal which is sharp and quick

add: this last down move from 1.49 to 1.20 was an exception, was a very smooth move 5 wave move
Be hopeful in a winning position, and fearful in a losing position.
  • #21,003
  • Dec 3, 2012 8:31pm Dec 3, 2012 8:31pm
3036 border
  • #21,004
  • Dec 3, 2012 8:32pm Dec 3, 2012 8:32pm
5M / 15M /1HR look bullish, but the 4hr makes me nervous.

Quoting stevewalker
Facts:
Long
1H CZ Up
4H LC @ 3048
1H & 4H & D1 broken old TL s

Short
overbought
1H printed wave#5
4H printed wave#5

Iam on Long side yet
  • #21,005
  • Dec 3, 2012 8:34pm Dec 3, 2012 8:34pm
D1 TL @ 3036
the problem with that TL is it has reverse sloope
SO it may be broken down

for me
3048
3036

are the actual key levels for breaking down

Quoting stevewalker
3036 border
  • #21,006
  • Dec 3, 2012 8:36pm Dec 3, 2012 8:36pm
that top formation says 2 things as usual
it is reversing
but a reverse with pain
it may retest & break

if you watch tick chart 30min when MKT actice you will see many samples
same

Quoting glennl2000
5M / 15M /1HR look bullish, but the 4hr makes me nervous.
  • #21,007
  • Dec 3, 2012 8:38pm Dec 3, 2012 8:38pm
the best formations you can see @ tick chart
low noise as there is no bar close
what ever formations you see @ thick chart you will see @ all TF s

Quoting stevewalker
that top formation says 2 things as usual
it is reversing
but a reverse with pain
it may retest & break

if you watch tick chart 30min when MKT actice you will see many samples
same
  • #21,008
  • Dec 3, 2012 8:39pm Dec 3, 2012 8:39pm
the root is tick

Quoting stevewalker
the best formations you can see @ tick chart
low noise as there is no bar close
what ever formations you see @ thick chart you will see @ all TF s
  • #21,009
  • Dec 3, 2012 8:40pm Dec 3, 2012 8:40pm
Quoting stevewalker
the best formations you can see @ tick chart
low noise as there is no bar close
what ever formations you see @ thick chart you will see @ all TF s
I tought I was the only one here to analyze tick chart too... when im scalping it is crucial to see it almost all the time
  • #21,010
  • Dec 3, 2012 8:42pm Dec 3, 2012 8:42pm
Here
4H CT

top formation
tails are bigger then bodys
it is reversing
is it?
or is it preparing to break up
Attached Image (click to enlarge)
Click to Enlarge Name: _3.gif Size: 29 KB
  • #21,011
  • Dec 3, 2012 8:43pm Dec 3, 2012 8:43pm
if it would be cost base possible I would trade only tick chart

lowest noise
when say that traders lough @ me
but I know it has th elowest noise as
there is no
bar close & wicks ( tails )
pure price action with pure formations
all kind

Quoting Farrusco
I tought I was the only one here to analyze tick chart too... when im scalping it is crucial to see it almost all the time
  • #21,012
  • Dec 3, 2012 8:44pm Dec 3, 2012 8:44pm
from that point it is all about order book

which we can not know

Quoting stevewalker
Here
4H CT

top formation
tails are bigger then bodys
it is reversing
is it?
or is it preparing to break up
  • #21,013
  • Dec 3, 2012 9:15pm Dec 3, 2012 9:15pm
Are we going to see an explosion to 31?
  • #21,014
  • Dec 3, 2012 9:17pm Dec 3, 2012 9:17pm
no clue
for me it should rocket up from here

Quoting glennl2000
Are we going to see an explosion to 31?
  • #21,015
  • Dec 3, 2012 9:31pm Dec 3, 2012 9:31pm
RBA cuts rate to %3
lowest since year 1960
  • #21,016
  • Dec 3, 2012 9:33pm Dec 3, 2012 9:33pm
see the effect
this is only RBA
Quoting stevewalker
RBA cuts rate to %3
lowest since year 1960
  • #21,017
  • Dec 3, 2012 9:33pm Dec 3, 2012 9:33pm
what if this happens
Quoting stevewalker
we have EURO bid rate desecion on thursday
bloomberg talking -% rate @ euro
this means there is forecast this time euro may change rate
not like last ones
there may be stupid moves
early to talk but must be carefull
  • #21,018
  • Dec 3, 2012 9:36pm Dec 3, 2012 9:36pm
wouldn't seem to me like they could raise it.

Quoting stevewalker
what if this happens
  • #21,019
  • Dec 3, 2012 9:46pm Dec 3, 2012 9:46pm
rise?
if they rise it industry will die
investors will go for interest
when interst low investors look for profit with funding companys

Quoting glennl2000
wouldn't seem to me like they could raise it.
  • #21,020
  • Dec 3, 2012 9:47pm Dec 3, 2012 9:47pm
That's what I'm saying.. US definitely can't raise rates, and neither can europe.

What's your target for your long?

Quoting stevewalker
rise?
if they rise it industry will die
investors will go for interest
when interst low investors look for profit with funding companys
57 traders viewing now