EURUSD | Page 39461 | 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

  • #789,201
  • Apr 17, 2013 11:18am Apr 17, 2013 11:18am
Quoting Likerty
Thats on the longer term, but dount you think that it still has potential to visit 5500's before?
settings...
Attached Image
those who can, do. those who cant, talk about those who can
  • #789,202
  • Apr 17, 2013 11:21am Apr 17, 2013 11:21am
Quoting Myo
I canīt find the part about algos reading message boards. Am I blind or what?
Havent' found it neither
COT: The precious data ignored
  • #789,203
  • Apr 17, 2013 11:21am Apr 17, 2013 11:21am
Quoting Myo
I canīt find the part about algos reading message boards. Am I blind or what?
Well looking at your avatar your shark has some black bandage on the eyes.... I assume if you remove it you would have seen it

Some HFTs try to read and process the news quicker than everyone else. There are algorithms designed to read newspaper headlines, search for key words and execute trades based on what they read, all in seconds or less. I wouldn’t say this is particularly nefarious, because the HFTs in this case are just doing what humans do – trading the news – but faster.

That said, it can create problems. Awhile back, there was an errant news release about Boeing going bankrupt, and the HFTs started selling because they saw the keywords “bankruptcy” and “Boeing.” The story turned out to be an error.

In that situation, most human traders would pause and think, “Wait a minute, I’ve never heard a thing about Boeing going bankrupt. What’s going on here?” But the computers don’t think. They just execute their instructions, and in this case, it caused a crash.

Then there are the manipulative algorithms, the ones that prey on other investors.


Quoting kuroro001
Havent' found it neither

Obviously the problem is with the sharks themselves... they don't see very well... however they smell a dot of blood from hundreds of miles... so ...
  • #789,204
  • Apr 17, 2013 11:24am Apr 17, 2013 11:24am
Quoting namitak007
10/10 for you! Today I learned new method of thinking! Thanks! The trend looks bearish but since last couple of weeks JPY, GOLD, Silver burned my money along with my charts and analysis! So I am in the dilemma! Whether go with small shorts or target some big longs as the EU pair played between 1.3 to 1.32 within 10 days!
Too many things at once. Dude:

a) I think you are revenge trading or you are about to.
b) Because of your losses you are questioning your method
c) (b) isn't so bad but you'll need time to rethink... 10 days ain't gonna cut it.

I think you need to eliminate the last sentence of this post from your consciousness. To do that, I think you will need to psychologically and emotionally accept your losses. You cannot trade objectively with that lingering in your mind.

A trade is a trade. It either works or.... it works later.... or it doesn't work at all and you find out soon.
Hence, why I was philosophical in my last post.

For example. If I was to adopt your bias as bullish to 1.32XXX by the end of april.
a) I would hunt all the support lines where price has bounced.
b) I would look for historical prices where a horizontal line would PREVENT price from reaching 1.32
c) I would gather a bunch of Fib analyses and group together the price levels and look for overlaps.
d) I would scour news for sentiment.
e) I DEFINITELY would learn about EU and EJ and UJ as these 3 determine each other's prices. Understand which ones are in sync and which one isn't.

The good thing is... each one of these is testable. I personally won't test via a "paper" trade as you clearly have an emotional trade problem. You need to trade with real money using money you can afford to lose and test out the factors you have gathered to support your bias. IF YOU GET STOPPED OUT.... what does that tell you? If you had a SL of 10 pips and you had 10 losing trades... that's 100 pips you could have earned if your bias was the other way.

I could go on... but I just want you to understand that you need to ask yourself some better questions to get better answers.

BTW... I am biased long. And until 1.294X is taken out on the daily, I'm still long.
This hasn't prevented me from: shorting the EJ and longing the counter tend on EU.
Bias and trades are separate animals... produced by your trading plan produced by the factors that influence your sense of direction "right now"

So do yourself a favour. Take tomorrow of and just write down some key questions and get back to basics. Don't trade. Question yourself and understand yourself - then fill in the blanks with knowledge and research.
A pip is only worth it if you know how much you risked to earn it
  • #789,205
  • Apr 17, 2013 11:25am Apr 17, 2013 11:25am
Quoting skysoft.bg
Well looking at your avatar your shark has some black bandage on the eyes.... I assume if you remove it you would have seen it Some HFTs try to read and process the news quicker than everyone else. There are algorithms designed to read newspaper headlines, search for key words and execute trades based on what they read, all in seconds or less. I wouldn’t say this is particularly nefarious, because the HFTs in this case are just doing what humans do – trading the news – but faster. That said, it can create problems. Awhile back,...
i was asking for message boards

edit: and iīm not a shark, iīm a piranha and thatīs not a bandage but eyebrows!!!!!!
  • #789,206
  • Apr 17, 2013 11:27am Apr 17, 2013 11:27am
Quoting kbmoonshinex
what about 3090 target ?
its in the pink box.
those who can, do. those who cant, talk about those who can
  • #789,207
  • Apr 17, 2013 11:28am Apr 17, 2013 11:28am
Quoting kuroro001
Havent' found it neither
http://www.zerohedge.com/news/interv...equency-trader
Time turns trend. - W.D. Gann
  • #789,208
  • Apr 17, 2013 11:28am Apr 17, 2013 11:28am
i heard no arrest yet.
those who can, do. those who cant, talk about those who can
  • #789,209
  • Apr 17, 2013 11:29am Apr 17, 2013 11:29am
guys think i shorted too early? 3030 area

at least its half risk
  • #789,210
  • Apr 17, 2013 11:30am Apr 17, 2013 11:30am
Quoting Myo
i was asking for message boards edit: and iīm not a shark, iīm a piranha and thatīs not a bandage but eyebrows!!!!!!
sry mate... well basicly it's the same, you are a predator also... and as all girls say... size doesn't matter, however I am stupid and I don't understand what you mean with "message boards", please explain

Thanks in advance...
  • #789,211
  • Apr 17, 2013 11:34am Apr 17, 2013 11:34am
Quoting msetai
guys think i shorted too early? 3030 area at least its half risk
Looking for EJ to lead the way... but EU probably back at 40s thru to 60s. If you can handle a 30 pip SL, your TP can increase in size. Target 1.2946 and that's 100 pips, for risk of 30, if you see what I'm saying.

EDIT:
Forgot to mention that you could reload for another position at 1.3052 for example, SL @ 15..... If your trade goes your way, then you're in profit by 22 by the time 3030 arrives from which your SL moves to -15 once it breaks below.

I have it on good authority that EJ will tank. Again, Money Management and Risk management will be up to you, but that TP (whilst still an example) is not an unrealistic notion.
A pip is only worth it if you know how much you risked to earn it
  • #789,212
  • Apr 17, 2013 11:35am Apr 17, 2013 11:35am
Quoting skysoft.bg
sry mate... well basicly it's the same, you are a predator also... and as all girls say... size doesn't matter, however I am stupid and I don't understand what you mean with "message boards" Thanks in advance...
argh....you posted that draghi molested a girl, only to freak the algos out, which would scan message boards (forums) for "newsworthy" keywords. Right? So I asked for proof that algos indeed read message boards (like FF).
  • #789,213
  • Apr 17, 2013 11:39am Apr 17, 2013 11:39am
29 yet? Ichimoku says patience with the trend. Kumo bounce. see earlier chart.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #789,214
  • Apr 17, 2013 11:40am Apr 17, 2013 11:40am
Quoting Myo
argh....you posted that draghi molested a girl, only to freak the algos out, which would scan message boards (forums) for "newsworthy" keywords. Right? So I asked for proof that algos indeed read message boards (like FF).
I doubt they care about FF traders.

They only rely on big news on reliable news site...I really doubt they care about our positions. Because you never know if the dude trade real or demo.
COT: The precious data ignored
  • #789,215
  • Apr 17, 2013 11:42am Apr 17, 2013 11:42am
Quoting kbmoonshinex
what about 3090 target ?
i dont have a target.. i do have a new bull wave #1 at 3124... this will change with a LL,, but atm.. i am bearish as long as pa doesn't give a signal pointing above 3124.. the 3086 area is just a normal retrace. just as 2972 is one..
those who can, do. those who cant, talk about those who can
  • #789,216
  • Apr 17, 2013 11:44am Apr 17, 2013 11:44am
Quoting kuroro001
I doubt they care about FF traders.
Yes but maybe that would explain the occasional market crash, if they followed all those wack a*s posts here lol
  • #789,217
  • Apr 17, 2013 11:46am Apr 17, 2013 11:46am
Quoting Myo
argh....you posted that draghi molested a girl, only to freak the algos out, which would scan message boards (forums) for "newsworthy" keywords. Right? So I asked for proof that algos indeed read message boards (like FF).
well the proof was few hours ago when I posted that ECB declared bancrupsy... 10 min later there was the huge level down... but by writing such posts, time will tell when it is coinsidence when it is not... and that is how whe know...

edit: and it is not a gil, but a child, it could be a boy as well...
  • #789,218
  • Apr 17, 2013 11:49am Apr 17, 2013 11:49am
Quoting gatorinla
i heard no arrest yet.
the cartoon news does it again
those who can, do. those who cant, talk about those who can
  • #789,219
  • Apr 17, 2013 12:01pm Apr 17, 2013 12:01pm
Quoting gatorinla
i haven't been tracking it. it has support to the left of today's low. but it looks like it wants to break the channel low.. the center of the channel has 3 lines and a box. it may bounce there for a R shoulder hs check before lower. {image}
Considering recent 5340's rejection it looks bearish ofcourse..
But, dount you think that this breakout swing (blue) still has unfinished bull targets above 5340's? I guess, untill 5030 holds as last HL, these prospects still intact...?
Attached Image (click to enlarge)
Click to Enlarge Name: Gators view-2.png Size: 40 KB
69
  • #789,220
  • Apr 17, 2013 12:06pm Apr 17, 2013 12:06pm
Quoting vlady1974
Too many things at once. Dude: a) I think you are revenge trading or you are about to. b) Because of your losses you are questioning your method c) (b) isn't so bad but you'll need time to rethink... 10 days ain't gonna cut it. I think you need to eliminate the last sentence of this post from your consciousness. To do that, I think you will need to psychologically and emotionally accept your losses. You cannot trade objectively with that lingering in your mind. A trade is a trade. It either works or.... it works later.... or it doesn't work at all...

nice advice, Sir
really meaningful post
As Above, So Below
412 traders viewing now