EURUSD | Page 40086 | 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

  • #801,701
  • May 26, 2013 7:24pm May 26, 2013 7:24pm
Oanda is the other "decent" US trading company ya'll are thinking about I believe.

Oanda
Alpari
FXCM

All 3 are crap around news, plagued with black outs / freezing, and horrible pip spreads (around news time).

All also have to follow that bull FIFO and 50:1 as well.

My experience with Oanda though, is that if you have a plan in place...and you have solid TA, most of the problems wont matter. I keep a close eye on my trades throughout the day though
  • #801,702
  • May 26, 2013 7:33pm May 26, 2013 7:33pm
Quoting Pharm0r
Oanda is the other "decent" US trading company ya'll are thinking about I believe. OandaAlpariFXCM All 3 are crap around news, plagued with black outs / freezing, and horrible pip spreads (around news time). All also have to follow that bull FIFO and 50:1 as well. My experience with Oanda though, is that if you have a plan in place...and you have solid TA, most of the problems wont matter. I keep a close eye on my trades throughout the day though
If you trade the news on Oanda, better to commit suicide ... one time they spiked Bid/ask spread of EURUSD to 50 pips and 100 pips ! ( But they platform rarely freeze during these spikes )
"It's the Margin, Stupid."
  • #801,703
  • May 26, 2013 7:34pm May 26, 2013 7:34pm
Quoting KillerWhale
{quote} Don't understand, why would MT4 be slow?Did you try "one click trading"?

All Mt4's are slow.. even with one click trading.... there Is a pause on them compared to Dukas which is instant
  • #801,704
  • May 26, 2013 7:41pm May 26, 2013 7:41pm
Quoting Vachus
{quote} If you trade the news on Oanda, better to commit suicide ... one time they spiked Bid/ask spread of EURUSD to 50 pips and 100 pips ! ( But they platform rarely freeze during these spikes )
Yeah, there really isnt a decent news trading broker for the US as far as I know.

We are pushing through the bottom of that triangle I posted earlier...
  • #801,705
  • May 26, 2013 7:41pm May 26, 2013 7:41pm
Quoting Vachus
{quote} If you trade the news on Oanda, better to commit suicide ... one time they spiked Bid/ask spread of EURUSD to 50 pips and 100 pips ! ( But they platform rarely freeze during these spikes )

That is absolutely unfathomable to me!! Thank you for the exposure. 50 pips is ABSOLUTELY absurd, upon any circumstances in my opinion.
  • #801,706
  • May 26, 2013 8:20pm May 26, 2013 8:20pm
Quoting Likerty
1.2897/8 is my sweet spot for longs. Besides that fridays developments showing to this level, I also have it as continuation point from last tuesday when after HH it retraced here and proceeded further up until BB bear.. Still there is a possibility for retracement in to 2870's..
2897 sweet spot with a ypp at 2909 and a db break in the st.? looks like a 65+ pip drawdown to me
those who can, do. those who cant, talk about those who can
  • #801,707
  • May 26, 2013 8:26pm May 26, 2013 8:26pm
It's this a potential h&s pattern on the hourly chart?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2013-05-26-15-20-23.png Size: 130 KB
"Don't work for your money, but let money work for you."
  • #801,708
  • May 26, 2013 8:30pm May 26, 2013 8:30pm
Quoting chady250
It's this a potential h&s pattern on the hourly chart? {image}
I'd say so, potential being the operative word

http://www.babypips.com/school/head-and-shoulders.html

and would you look at that....I have a order right on that neck line
  • #801,709
  • May 26, 2013 8:33pm May 26, 2013 8:33pm
Quoting gatorinla
if the eu breaks 2794... then the au is the better short for 1300 pips. au has to break 9575... its due for a bounce atm ( a bounce is always better we can add that to the 1300).. going by the ea the aud can take an ass whippen ,, especily if it breaks 9575 au.... ideally waiting for it to bounce 650 pips is the better one,, if eu losses support at 2794.. we may have a bounce window at 2908.5... and there there aud may give clues. probably the same on the cad

nice analysis gator, and especially agree with aussie, she could be the leader if monthly lows are taken out, under attack right now, ideal spot to catch a lot trader on wrong foot, low data, holidays gb and usa tomorrow, if monthly low go this could turn out a monster May, already bears have ground off 755 pips this month alone

edit BTW nice entry on eu
If you are new to Forex? Say Goodbye to your account!!
  • #801,710
  • May 26, 2013 8:36pm May 26, 2013 8:36pm
Quoting koko19711971
{image}look this
What is that ? Are those the futures contracts ?
"You're solid gold, see you in hell"
  • #801,711
  • May 26, 2013 8:48pm May 26, 2013 8:48pm
Quoting Pharm0r
{quote} I'd say so, potential being the operative word http://www.babypips.com/school/head-and-shoulders.html and would you look at that....I have a order right on that neck line
Thanks let's see if it'll break. Entered a small short at 2920.
"Don't work for your money, but let money work for you."
  • #801,712
  • May 26, 2013 8:50pm May 26, 2013 8:50pm
Quoting KiwiTrada
{quote} nice analysis gator, and especially agree with aussie, she could be the leader if monthly lows are taken out, under attack right now, ideal spot to catch a lot trader on wrong foot, low data, holidays gb and usa tomorrow, if monthly low go this could turn out a monster May, already bears have ground off 755 pips this month alone edit BTW nice entry on eu
i would like the eu to close an hour above 2921.5. the the following h to close below 2902.8.... that would help set up 2832. perfectly
those who can, do. those who cant, talk about those who can
  • #801,713
  • May 26, 2013 8:50pm May 26, 2013 8:50pm
Quoting Likerty
1.2897/8 is my sweet spot for longs. Besides that fridays developments showing to this level, I also have it as continuation point from last tuesday when after HH it retraced here and proceeded further up until BB bear.. Still there is a possibility for retracement in to 2870's..

sorry i'm new.. is this from fib retracement @ 23%??
it is highly likely that i'm wrong... so dont follow me!
  • #801,714
  • May 26, 2013 9:38pm May 26, 2013 9:38pm
Quoting chady250
{quote} Thanks let's see if it'll break. Entered a small short at 2920.
Should have waited until a break below the neckline to enter a short. The chances of a bounce/retrace from the neckline are high. Remember, it's not a true H&S pattern until the neckline breaks.

Good luck to ya!
  • #801,715
  • May 26, 2013 9:40pm May 26, 2013 9:40pm
Quoting Pharm0r
{quote} Should have waited until a break below the neckline to enter a short. The chances of a bounce/retrace from the neckline are high. Remember, it's not a true H&S pattern until the neckline breaks. Good luck to ya!

the babypips school showed a descending trend line as a neckline but i cant find it.. it only have a ascending trend line for the neck line.. will H&S still apply?
it is highly likely that i'm wrong... so dont follow me!
  • #801,716
  • May 26, 2013 9:48pm May 26, 2013 9:48pm
Quoting Pharm0r
{quote} Should have waited until a break below the neckline to enter a short. The chances of a bounce/retrace from the neckline are high. Remember, it's not a true H&S pattern until the neckline breaks. Good luck to ya!
maybe, maybe not. others things happening besides hs, 2928.4 may help shorts
those who can, do. those who cant, talk about those who can
  • #801,717
  • May 26, 2013 10:01pm May 26, 2013 10:01pm
here is my master plan for today.

http://i1086.photobucket.com/albums/...psb7f9e14e.jpg

and if you zoom a little bit, it will be like this

http://i1086.photobucket.com/albums/...psbadb8877.jpg

a bit explanation:

Downmove:
1. any downmove we will see a bit support @ psychological level 1.2900 or support medium term uptrend line at point A
2. any further down move, we will have a strong buying interest at 1.2985~90. Point B
3. If the seller can breakthrough 1.2985 or lower, we will see a sharp drop to 1.2945~50 and see a larger demand to buy.

Upward move:
1. what i want to see is Point D become a support. after we see Point D already become a support, EU might advanced to 1.2950 or higher (unlikely since US holiday but it might).

conclusion. from the above view, i'm flat but a long position may be preferred than short.
Everything in the world has its own rhytms
  • #801,718
  • May 26, 2013 10:06pm May 26, 2013 10:06pm
Quoting gatorinla
{quote}i would like the eu to close an hour above 2921.5. the the following h to close below 2902.8.... that would help set up 2832. perfectly
not a active tf atm. no deviation yet. the close did what was needed
those who can, do. those who cant, talk about those who can
  • #801,719
  • May 26, 2013 10:07pm May 26, 2013 10:07pm
Quoting COopa
here is my master plan for today. {image} and if you zoom a little bit, it will be like this {image} a bit explanation: Downmove:1. any downmove we will see a bit support @ psychological level 1.2900 or support medium term uptrend line at point A2. any further down move, we will have a strong buying interest at 1.2985~90. Point B3. If the seller can breakthrough 1.2985 or lower, we will see a sharp drop to 1.2945~50 and see a larger demand to buy. Upward move:1. what i want to see is Point D become a support. after we see Point D already become...
Here is my Plan B:

http://media.sabotagetimes.com/wp-co...s/tequila1.jpg
The Thief of Wall Street
  • #801,720
  • May 26, 2013 10:08pm May 26, 2013 10:08pm
Quoting Chicky
{quote} Here is my Plan B: {image}
Monday mate, not a good day to drink tequilla.
Everything in the world has its own rhytms
558 traders viewing now