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EURUSD

  • #785,741
  • Apr 10, 2013 4:16am Apr 10, 2013 4:16am
Quoting MaxDoom
I would rather just see a straight break of 3094 it will keep the upside risk at bay for now. {image}
agree bro!!!!

after a clear break below 94, i will put my SL to 3100
Everything in the world has its own rhytms
  • #785,742
  • Apr 10, 2013 4:18am Apr 10, 2013 4:18am
Quoting COopa
agree bro!!!! after a clear break below 94, i will put my SL to 3100
you go for bear?
  • #785,743
  • Apr 10, 2013 4:20am Apr 10, 2013 4:20am
Quoting forex4india1
I don't know if somebody is seeing this trend or not. americans are selling the us dollar heavily since nfp data release. yesterday too the dollar was sold heavily
... and buying what? Both USD and EUR were being bought against the YEN.... but EUR is favoured more than USD. Is that what you mean?
The recent rallies have been during ASIA Close/London Open and just after 7AM New York.

Does this explain why UY flattened out compared to EU and EY?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.PNG Size: 209 KB
A pip is only worth it if you know how much you risked to earn it
  • #785,744
  • Apr 10, 2013 4:21am Apr 10, 2013 4:21am
Quoting forex4india1
if you don't mind can you tell me how much amount a new account should have and what leverage you should take per trade. talking of lots here
$1k ($10k)
1:500 (1:150)
  • #785,745
  • Apr 10, 2013 4:22am Apr 10, 2013 4:22am
Quoting MaxDoom
I would rather just see a straight break of 3094 it will keep the upside risk at bay for now. {image}
Looks like EJ is going for 130.90 'ties with another at 130.72, so a bit of an oscillation (maybe with NY opening) is very probable..
69
  • #785,746
  • Apr 10, 2013 4:22am Apr 10, 2013 4:22am
Possable trend changes

I posted yesterday about the MA on the EUR/USD and compared it to USD/CHF and GBP/USD

I use the 9 day MA (Blue) and 18 day MA(Red)
I use this to try and identify new trend swings.

In tha charts attached youl see that EUR/USD 9 and 18 day moving avrges are BOTH up for the first time since Feb 01
GBP/USD are up for the first time since Jan 02 and USD/CHF since Feb 01

This is rare that the 9 and 18 day ma are both up or down and most of the time means a new trend is developing.

On the setup day buy in on the positions is on the CLOSE and open of the next dayof the day that both the MA are up or down with a max SL of 100 pips or the previous days low wich ever is lower.

With this I aim to take 100-300 pips usualy

And take profit is calculated buy taking the MA af the last 5 days including setup day devide by 5 and add it to your open rate on the open where you bought in.

My initial TP was calculated as follows ( based on 5 day MA ) EUR/USD 1.3162 GBP/USD 1.5464 USD/CHF 0.9252
After that I follow the trade with a trailing stop los at the lowest low (LL) of the last 3 days.

If theres anyone that differs or have an correction fr me im open for any critisism
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled2.jpg Size: 337 KB
  • #785,747
  • Apr 10, 2013 4:23am Apr 10, 2013 4:23am
Quoting 4exNinja
We still on for the 19th? I'm long SPX500USD...and it's about as entertaining as watching paint dry. I think my screen's frozen.
Bro we are. My phone has just reminded me to book the seats for next week so I shall do that. Table for 5 (1 spare) just in case anyone else wants to join.

Recap... London/UK traders who are free on Fri 19th 7PM.
Some of your friendly neighbourhood EURUSD Forex Factory regulars will meet at Rodizio Rico (Angel Islington). PM me if you wanna come and put a face to an avatar.
A pip is only worth it if you know how much you risked to earn it
  • #785,748
  • Apr 10, 2013 4:23am Apr 10, 2013 4:23am
Quoting forex4india1
I don't know if somebody is seeing this trend or not. americans are selling the us dollar heavily since nfp data release. yesterday too the dollar was sold heavily
from my opinion, i've got a different story. They push euro a little bit up, to sell more euro. there is a limited possibility for euro to reach 1.3300 again during this month (may be the possibility is only 5%). This moment will give a chance for investors to sell more euro and change it to any other currencies. they are still bearish for EU conditions
Everything in the world has its own rhytms
  • #785,749
  • Apr 10, 2013 4:24am Apr 10, 2013 4:24am
Quoting LeeNoa
you go for bear?
since yesterday
Everything in the world has its own rhytms
  • #785,750
  • Apr 10, 2013 4:25am Apr 10, 2013 4:25am
Quoting Myo
And we should, because Q man is the most successful audited trader in FF history. Took him 4 days to accomplish that feat - haha.
without any doubt since the first history of FF created that eurusd thread so popular than other threads because the member like him,every thread need a balance between positive and negative,Unfortunately too many people who are trying act like a pro always make hard with those members,for me as long there is no promotion contained on their post,every members should have a freedom of speech/post

sometimes we need entertainment as trading is boring
If there was easy money lying around,no one would be forcing it into your
  • #785,751
  • Apr 10, 2013 4:27am Apr 10, 2013 4:27am
Quoting vlady1974
Thanks mate. I saw one of your posts beforehand and I noted good points as well. As an aside, I'm now comfortable with the fact that I'm not a newbie... but I'm in that threshold where I need to remain consistent with my trading. It's bloody hard and it's required really opening up the mind to the fact that for newbies: a) you think there is ONE approach b) the market can only go UP/DOWN/SIDE without knowing why but in reality... it's soooo much more. It's a business. It should be treated like one. Not a hobby. Once I accepted that, my trading improved....
simply time can improve or plunge into debts. you are good analyser i think.
  • #785,752
  • Apr 10, 2013 4:28am Apr 10, 2013 4:28am
Excellent, excellent, excellent.
I did remember your charts from yesterday. Loving the fact that you're the first I've seen to use lower MAs on the Daily.
There's been some previous discussion of MAs being lagging... duh... but from a visual aspect.... AND a daily timeframe, i think it's an excellent balance that does indicate without doubt that a change in trend is occurring.

Question!
How do you manage or alter your trade when the MA gradient is flat or criss/crossing over each other?


Quoting Cornelis
Possable trend changes I posted yesterday about the MA on the EUR/USD and compared it to USD/CHF and GBP/USD I use the 9 day MA (Blue) and 18 day MA(Red) I use this to try and identify new trend swings. In tha charts attached youl see that EUR/USD 9 and 18 day moving avrges are BOTH up for the first time since Feb 01 GBP/USD are up for the first time since Jan 02 and USD/CHF since Feb 01 This is rare that the 9 and 18 day ma are both up or down and most of the time means a new trend is developing. On the setup day buy in on the positions is on the...
A pip is only worth it if you know how much you risked to earn it
  • #785,753
  • Apr 10, 2013 4:28am Apr 10, 2013 4:28am
Quoting COopa
since yesterday
ouch...you know about news fomc usd coopa? what do you think about it? dont have a clue here
  • #785,754
  • Apr 10, 2013 4:29am Apr 10, 2013 4:29am
3 long days I follow the snake
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd..JPG Size: 64 KB
  • #785,755
  • Apr 10, 2013 4:32am Apr 10, 2013 4:32am
Quoting FXMindset
without any doubt since the first history of FF created that eurusd thread so popular than other threads because the member like him,every thread need a balance between positive and negative,Unfortunately too many people who are trying act like a pro always make hard with those members,for me as long there is no promotion contained on their post,every members should have a freedom of speech/post sometimes we need entertainment as trading is boring
i don't mind with Mr Q, at least he show me that he got a strong mental to float 300k profit .

and personally i do respect and i read everybody's post (if i've got enough time)
Everything in the world has its own rhytms
  • #785,756
  • Apr 10, 2013 4:34am Apr 10, 2013 4:34am
Quoting Tom_D_Trader
Please let me have FX as hobby . Please, please, please. Work and hobby can and should be the same. Would you be working whole life in job you dont like? Only if you have to. The lucky ones, like me , are making cash out of fun.


One of my 2 year aims is to be trading "full time", definitely!
A pip is only worth it if you know how much you risked to earn it
  • #785,757
  • Apr 10, 2013 4:35am Apr 10, 2013 4:35am
Quoting Likerty
Looks like EJ is going for 130.90 'ties with another at 130.72, so a bit of an oscillation (maybe with NY opening) is very probable..
well it is back to playing sticky @ R1 currently I couldn't rule out a higher move but I will not trade it without some retrace first as per my analysis earlier.

in an ideal move we would actually see EU going down and EJ going up confirming dollar weakness across those two currencies but, the crosses have held EU up so I am assuming they will also bring it down when the time is right.
  • #785,758
  • Apr 10, 2013 4:36am Apr 10, 2013 4:36am
Quoting vlady1974
Excellent, excellent, excellent. I did remember your charts from yesterday. Loving the fact that you're the first I've seen to use lower MAs on the Daily. There's been some previous discussion of MAs being lagging... duh... but from a visual aspect.... AND a daily timeframe, i think it's an excellent balance that does indicate without doubt that a change in trend is occurring. Question! How do you manage or alter your trade when the MA gradient is flat or criss/crossing over each other?

I use the ADX index with a 14,14 setting, Ive seen it usualy only criscrosses alot if the ADX is below 16000 and the lequidity is down When it is above that the market usualy trends. But if it cris crosses upwords its still fine.

If one of them is flat and the other one is alredy up, the one being flat usualys shows the trend has slown down to the point where the downwards momentum has stopped and a change could now occur. I just wait for them both to go up.

Yes it is lagging but this way we only buy in to the market after the trend is confurmed. or atleast thats what I like to belive
  • #785,759
  • Apr 10, 2013 4:36am Apr 10, 2013 4:36am
Quoting LeeNoa
ouch...you know about news fomc usd coopa? what do you think about it? dont have a clue here
sorry, i'm not a good fundamentalist in here

i have my own theories and nobody believe it

i still remember when Galatasaray vs Real Madrid --- the goal odds is 5/2 : 0, and the score is 0 : 3
many of the gambler loose their money to hold Galatasaray (i think math_gb understand it)
Everything in the world has its own rhytms
  • #785,760
  • Apr 10, 2013 4:39am Apr 10, 2013 4:39am
ok, i'm about to kill my bear @ 1.3105. very close to it
Everything in the world has its own rhytms
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