Euro/Dollar | Page 161 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Euro/Dollar discussion 9 replies

Iran to replace Dollar with Euro 10 replies

Iran replace dollar with euro 15 replies

Syria Threatens To Abandon Dollar For Euro 3 replies

euro against the dollar 0 replies

Attachments: Euro/Dollar
Exit Attachments

Euro/Dollar

  • #3,201
  • Jan 30, 2013 9:09am Jan 30, 2013 9:09am
Quoting Crassius
Putting the add order back on now that we are approaching prime market conditions... I... add order to trigger at 3507 bid...

Book profit at 3567 +60 pips from the last half of the add....

Flat on EURUSD (in my short term trading account)

Look to reload lower....
  • #3,202
  • Jan 30, 2013 9:15am Jan 30, 2013 9:15am
Quoting fibstalker
Right Halkins, but when you are in a good move, you want to be 'Old Turkey', stay in it until is completed.

The more I trade, the more I can make mistake so my short answer to your question is no. The less I trade, the less timining and precision I need...

If I have a 1000+pips setup (it may happen twice a year, and it actually happened in the last few years in EURUSD) I will try to time the biggest position at the beginning of it. Then I will take smaller partial profits at important daily targets and try to add at important weekly setups...
Oh, I think it's not my trading style.
I used to trade FX options before. I even created my own unique software for analysing, but waiting weeks for outcome was killing me.
And technical analysis works better in days, while fundamental analysis, or so called "market sentiment" works better in weeks and months.
Read Charts - Not Papers
  • #3,203
  • Jan 30, 2013 9:29am Jan 30, 2013 9:29am
The Euro leaving station again, or running already. Next stops: 1.3600 and 1.3670 (maybe today after FOMC), but after that daily longs are low probability (weekly & monthly are not).

Wave your hands and pray for those still short (you can see them in the picture below), those will be bounced off the Bandwagon soon...

http://www.tigurl.org/images/connect...tos/515627.jpg
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,204
  • Jan 30, 2013 9:38am Jan 30, 2013 9:38am
Quoting halkins
So what is a "bigger move" for you guys?
I am pretty happy with 100pips move, playing with leverage.
Nearly everyday brings new opportunity to trade.
What is "big move", 100pips, 300 pips or 1000pips?
I think that 100 is a good session while the pair is trending, I agree with fibs for me big move goes from 200 up to 1000 pips but this is basically catching major sell off or major buying, this will happend twice/three times a year, I also noticed that exotics like GBP/AUD EUR/CAD EUR/AUD been trending much better than the majors,
I also disagree with statements that swing/positioning trading require smaller lot size - I think the more important aspect is well capitalised account,
If you are prepare to risk lets say 20 pips per lot and willing to catch 40 pips, why not whait for perfect spot and hold it for two weeks and go on about your daily things you like and don't have usually time for due to screening time.
Not advocating for anything, just my opinion
swing it!
  • #3,205
  • Jan 30, 2013 9:43am Jan 30, 2013 9:43am
Forgot to add, if you are worried about waiting for potential profits, scalling is the thing you want to do, or with certain brokers you can do partials.
swing it!
  • #3,206
  • Jan 30, 2013 9:56am Jan 30, 2013 9:56am
Quoting Crassius
Book profit at 3567 +60 pips from the last half of the add....

Flat on EURUSD (in my short term trading account)

Look to reload lower....
Well done sir!
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,207
  • Jan 30, 2013 9:59am Jan 30, 2013 9:59am
Probably these large red and green bars in the Euro are catching off-guard a lot of short-termed trader or traders looking for shorts.

I believe the Euro will tell us in advance when they want it short...
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,208
  • Jan 30, 2013 10:30am Jan 30, 2013 10:30am
Some new people say they are here to learn.
To those who think that playing the news is smart I ask to read this post from my blog.

"Do you think facts and 'Truth' (i.e. market news) make money?"

Read this and think again: http://wp.me/p2oF7p-pr

My opinion, of course, but found that a few successful traders agree with that article.

Let me know your thoughts...
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,209
  • Jan 30, 2013 1:33pm Jan 30, 2013 1:33pm

FOMC Blames the weather for Growth Debacle
Attached Images
  • #3,210
  • Jan 30, 2013 1:45pm Jan 30, 2013 1:45pm

This is the fate of America under Bernanke's Zimbabwe School of Economics Tutelage


Attached Image (click to enlarge)
Click to Enlarge Name: Zimbabwe 217 bucks.png Size: 648 KB
  • #3,211
  • Jan 30, 2013 2:09pm Jan 30, 2013 2:09pm
I am leaning towards Japanese scenario, purely because hiperinflation - Zimbabwe style would required sudden drop of the dollar by most major economies in the world,
Hiperinflation will happen only when all CB will dumb the dollar at ones. Saying that, keep in mind that this sort of sort scenario already been happening since few years, especially between bric countries - they don't trade between each other in $ anymore.
Maybe its a gradual process or sudden event, for sake of us all I hope it won't become reality
swing it!
  • #3,212
  • Jan 31, 2013 1:57am Jan 31, 2013 1:57am
Crassius,
I would love to see your current EurUsd count (long and short term) if you don't mind posting. Cheers!
  • #3,213
  • Jan 31, 2013 5:09am Jan 31, 2013 5:09am
Quoting Crassius
USDJPY looking tempting...

Caution advised as recent highs are near long term significant levels and a deeper and/or longer consolidation period would be healthy before resumption of uptrend.... but then again this is a manipulated pair so the rules are skewed in the longs favor.... Maybe this is only a piece of a larger more complex correction....

I think not as corrections usually, but not always, stay within the corrective channel, and breakout signals the end of the correction
can you kindly give us an example on the chart?
Find your Favourite Pattern
  • #3,214
  • Edited 8:24am Jan 31, 2013 6:08am | Edited 8:24am
**ERRATA CORRIGE (EC) BELOW:

GM all,
a bit late today, here is my up to date view on the 6E, 4-hour chart:

http://www.forexfactory.com/attachme...1&d=1359633966

Scenario 1. Should price find support in the 1.3540 area and never move below 1.3525, we could see a continuation higher into the 1.3615 area (1st target) and then the 1.3650 area (2nd target)

Scenario 2. Below 1.3625** (EC: 1.3525) we could test 1.3605-10 ** (EC: 1.3505-10) area and then continue higher into 1.3630 first target.

My swing ends at 1.3670.

Let me know your thoughts.
Have a great day
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,215
  • Jan 31, 2013 6:10am Jan 31, 2013 6:10am
Quoting fibstalker

Scenario 1. Should price find support in the 1.3540 area and never move below 1.3525, we could see a continuation higher into the 1.3615 area (1st target) and then the 1.3650 area (2nd target)...
That 5 pips front-run at 1.3545 could be enough to say that longs have found participation at 1.3540, so Scenario 1 is on.
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,216
  • Jan 31, 2013 8:01am Jan 31, 2013 8:01am
Quoting fibstalker
GM all,
a bit late today, here is my up to date view on the 6E, 4-hour chart...
If a picture is worth 1,000 words, what is a video worth?
If you are interested my last video-analysis for the Euro is on my blog: http://wp.me/p2oF7p-wR
Cheers
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,217
  • Jan 31, 2013 8:02am Jan 31, 2013 8:02am
Quoting fibstalker
That 5 pips front-run at 1.3545 could be enough to say that longs have found participation at 1.3540, so Scenario 1 is on.
Above 1.3574(6E) and 1.35690 (spot) the shallower support will be confirmed along with its targets... IMHO.
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,218
  • Jan 31, 2013 8:28am Jan 31, 2013 8:28am
Bulls back in control on the 15min chart. Targets above confirmed. A retest of 1.3540 area 'should' hold, or better could hold...
trade safe
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,219
  • Jan 31, 2013 9:11am Jan 31, 2013 9:11am
The index chap refuses to move lower. This could help EUR/USD higher throughout the US session (due to arbitraging).

Find my trading plan for ES (S&P500 e-mini futures) below:

http://www.forexfactory.com/attachme...1&d=1359644766

S&P500 emini (ES) found support at 1,490 area. Above 1,500.50 it will confirm the two targets (see below). I would not chase this market here. I would wait 1500.50 to be pierced on the upside and then enter somewhere above the 1496 level with a stop below the 1.494.50 level.

Above 1,500.50 two targets are confirmed: 1513 (1st target) and then 1525 (2nd target).

Hope this helps.
Trade safe
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,220
  • Feb 2, 2013 1:25pm Feb 2, 2013 1:25pm
very nice, G. very, very nice!


Quoting fibstalker
The index chap refuses to move lower. This could help EUR/USD higher throughout the US session (due to arbitraging).

Find my trading plan for ES (S&P500 e-mini futures) below:

http://www.forexfactory.com/attachme...1&d=1359644766

S&P500 emini (ES) found support at 1,490 area. Above 1,500.50 it will confirm the two targets (see below). I would not chase this market here. I would wait 1500.50 to be pierced...
6 traders viewing now