Trading EURUSD only | Page 1613 | 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

  • #32,241
  • Jan 25, 2013 10:28am Jan 25, 2013 10:28am
Quoting mok1one
now it broke and touched daily R2
where do you think it can go down ?
  • #32,242
  • Jan 25, 2013 10:29am Jan 25, 2013 10:29am
Quoting mok1one
now it broke and touched daily R2
I think I am closing my long soon. The bull seems exhausted and the bear is taking over
  • #32,243
  • Jan 25, 2013 10:29am Jan 25, 2013 10:29am
Quoting budii
i saw those 5M bear div too
and about EW, i think we are forming W4 if we are looking H1
As said before, this could W4 forming
any EW expert here that can tell us?
You see, but you do not observe. The distinction is clear
  • #32,244
  • Jan 25, 2013 10:30am Jan 25, 2013 10:30am
Quoting Miguel.N
where do you think it can go down ?
By looking the formations 5min 15min 30min and 1H , i still think next step is up. But as you can see yourself these formations are quite a mess.
5min also touched 50MA. today it has touched it and gone up 4 times already.
  • #32,245
  • Jan 25, 2013 10:33am Jan 25, 2013 10:33am
Quoting mok1one
By looking the formations 5min 15min 30min and 1H , i still think next step is up. But as you can see yourself these formations are quite a mess.
5min also touched 50MA. today it has touched it and gone up 4 times already.
I think at least 1.345 or lower !?
  • #32,246
  • Jan 25, 2013 10:35am Jan 25, 2013 10:35am
Quoting Miguel.N
I think at least 1.345 or lower !?
When they start properly moving down they can go to at least R1. 3411 even 3400
  • #32,247
  • Jan 25, 2013 10:37am Jan 25, 2013 10:37am
Quoting budii
As said before, this could W4 forming
any EW expert here that can tell us?
I'm not an "expert", but my own EW analysis is such.

This was the 5th wave extension of the 3rd wave. We're in an ending diagonal pattern which is typically found in 5/C waves. It shows exhaustion in the trend.

So we should enter the 4th wave correction. Our 2nd wave correction was long and flat. Due to the EW theory of alternation, our 4th wave should be sharp and quick. This is further supported by our ending diagonal which usually precedes a sharp corrective pattern.
  • #32,248
  • Jan 25, 2013 10:39am Jan 25, 2013 10:39am
Quoting mok1one
When they start properly moving down they can go to at least R1. 3411 even 3400
ok, but i was expecting to hit a bit higher to 485 before a good down move !?
  • #32,249
  • Jan 25, 2013 10:41am Jan 25, 2013 10:41am
Quoting Miguel.N
ok, but i was expecting to hit a bit higher to 485 before a good down move !?
Same here.

But EJ seem to be turning up. Hope EU will follow it's lead.
Would be nice to see another 30min englulfing candle
  • #32,250
  • Jan 25, 2013 10:48am Jan 25, 2013 10:48am
Quoting mok1one
Same here.

But EJ seem to be turning up. Hope EU will follow it's lead.
Would be nice to see another 30min englulfing candle
IMO EU has still some power left in him. It hasn't come down yet. and it's making bull divs all over tf's. But it's friday and London is closed.

Haha... I like to argue withmyself i see now it has / but it has not / it goes / but it might not . sry guys
  • #32,251
  • Jan 25, 2013 10:50am Jan 25, 2013 10:50am
Quoting mok1one
IMO EU has still some power left in him. It hasn't come down yet. and it's making bull divs all over tf's. But it's friday and London is closed.

Haha... I like to argue withmyself i see now it has / but it has not / it goes / but it might not . sry guys

mk how are you doing this week ended.
  • #32,252
  • Jan 25, 2013 10:52am Jan 25, 2013 10:52am
Quoting mok1one
Same here.

But EJ seem to be turning up. Hope EU will follow it's lead.
Would be nice to see another 30min englulfing candle
ty, now for me it seems it is between 442 <=> 452, going down !?
  • #32,253
  • Jan 25, 2013 11:04am Jan 25, 2013 11:04am
Quoting mok1one
IMO EU has still some power left in him. It hasn't come down yet. and it's making bull divs all over tf's. But it's friday and London is closed.

Haha... I like to argue withmyself i see now it has / but it has not / it goes / but it might not . sry guys
I'm getting a bearish div im most of my TF from 5M to 4H, thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: bd.gif Size: 47 KB
  • #32,254
  • Jan 25, 2013 11:04am Jan 25, 2013 11:04am
Quoting XharpScalper
mk how are you doing this week ended.
Fantastic ty for asking.
Even though I got angry on wednesday i got greens from there and the whole week has been nice green.
But have taken some dangerous and unnessacary trades this week due to I trade fomr home and i have much more time. Over-trading like xandi said. first 3 days i took some of them - good that they ended up in BE or with small profit - but still they were unneccary trades for me to think back.
But overall - all good have learnt a lot this week. Trading from home suits me pretty well


And you?
  • #32,255
  • Jan 25, 2013 11:10am Jan 25, 2013 11:10am
Quoting mok1one
Fantastic ty for asking.
Even though I got angry on wednesday i got greens from there and the whole week has been nice green.
But have taken some dangerous and unnessacary trades this week due to I trade fomr home and i have much more time. Over-trading like xandi said. first 3 days i took some of them - good that they ended up in BE or with small profit - but still they were unneccary trades for me to think back.
But overall - all good have learnt a lot this week. Trading from home suits me pretty well


And you?
Good

I have done well yes, i got into some unnecessary trades due to anger , and few time boredom but i covered them. Over all it was good week.
  • #32,256
  • Jan 25, 2013 11:12am Jan 25, 2013 11:12am
Quoting mrwpc
I'm getting a bearish div im most of my TF from 5M to 4H, thoughts?
Makes perfect sense. Each push up from a LH didn't make significant HHs = trend strength weakening.

Unfortunately, it's now the Friday NY afternoon doldrums. So it'll probably just limp feabily down 10 pips or so before close.
  • #32,257
  • Jan 25, 2013 11:13am Jan 25, 2013 11:13am
Quoting mrwpc
I'm getting a bearish div im most of my TF from 5M to 4H, thoughts?
the chart you posted. as you can see, on macd there is no lower brick yet - so the macd wave has not ended yet.

And this is my 15min chart with hidden bull on stoch and macd.
Upper bear IMO already played out.
Attached Image (click to enlarge)
Click to Enlarge Name: 15.jpg Size: 128 KB
  • #32,258
  • Jan 25, 2013 11:19am Jan 25, 2013 11:19am
Quoting mok1one
the chart you posted. as you can see, on macd there is no lower brick yet - so the macd wave has not ended yet.

And this is my 15min chart with hidden bull on stoch and macd.
Upper bear IMO already played out.
Nicely done, I see bullish divergence and good structure for an attempt at highs.

A trend day should at least make an attempt if not close on high.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #32,259
  • Jan 25, 2013 11:35am Jan 25, 2013 11:35am
Quoting mrwpc
I'm getting a bearish div im most of my TF from 5M to 4H, thoughts?
MACD that I use can be downloaded here
It helps to find hidden and regular div. a bit better than MT4 default macd.
I use periods 12,24,9
  • #32,260
  • Jan 25, 2013 11:48am Jan 25, 2013 11:48am
I will find it rare if price makes more than this today...itīs done, going to consolidate in today range...
And dear friends, watch out very closely 1.3490...itīs the 50% fibo on monthly, and I donīt know why, I think 1.3500 was the D on AB=CD, but have to look better...but, 1.3490 maybe maybe a little retrace sunday...
4 traders viewing now