EURUSD | Page 41072 | 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

  • #821,421
  • Aug 5, 2013 10:13pm Aug 5, 2013 10:13pm
Quoting inpatient
{quote} I keep it simple on oil, I trade without a stop and sell anything above 105 with a fresh entry at every 25 cents as it rises. I have 11 9 lot trades right now waiting to dump them at 103
@inpatient:

No stop loss (SL)? wow! But the commodity is so volatile. What's your leverage and lot size?
  • #821,422
  • Aug 5, 2013 10:18pm Aug 5, 2013 10:18pm
Quoting HDA
{quote} @inpatient: No stop loss (SL)? wow! But the commodity is so volatile. What's your leverage and lot size?

never to the point that I could not handle $150 plus.

Have to get my sleep on a night.

The short orders spread to every 50 cents above $110 and nothing from $112 up (cant afford anything else without risking my account).
Money never sleeps...
  • #821,423
  • Aug 5, 2013 10:20pm Aug 5, 2013 10:20pm
Quoting Ken A
{quote} As for PA and candle patterns are no different from Forex looking for bull/bear weakness. I don't play intraday for Crude don't have enough knowledge about it. I started trade Crude because of U/CAD positions - Oil price has impact on CAD OIL directly impact on U/CAD exchange rate.
@KEN A:

Yes it does. I've also found that the co-relation is not always aligned with the two sometimes.
  • #821,424
  • Aug 5, 2013 10:20pm Aug 5, 2013 10:20pm
Quoting Ken A
{quote} As for PA and candle patterns are no different from Forex looking for bull/bear weakness. I don't play intraday for Crude don't have enough knowledge about it. I started trade Crude because of U/CAD positions - Oil price has impact on CAD OIL directly impact on U/CAD exchange rate.

Hey Ken A,

Just exited on that Ecad trade for 60 pips.

Waiting now for the drama on my EA shorts.....
Money never sleeps...
  • #821,425
  • Aug 5, 2013 10:21pm Aug 5, 2013 10:21pm
Quoting inpatient
{quote} never to the point that I could not handle $150 plus. Have to get my sleep on a night. The short orders spread to every 50 cents above $110 and nothing from $112 up (cant afford anything else without risking my account).
@inpatient:

Understood
  • #821,426
  • Aug 5, 2013 10:23pm Aug 5, 2013 10:23pm
Quoting inpatient
{quote} Hey Ken A, Just exited on that Ecad trade for 60 pips. Waiting now for the drama on my EA shorts.....
let me take a guess. EA spike down
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #821,427
  • Aug 5, 2013 10:23pm Aug 5, 2013 10:23pm
Quoting HDA
{quote} @KEN A: @nawafasad1: I'm paper trading oil. I'm still trying to find a stress free way to trade it. I've been observing the oil posts and I'm trying to find an added way to ascertain the strength of support and resistance levels. Any ideas?
my way of trading is really to follow the market in its direction on longer time frames and wait for the right moment to take it on tight stop and good reward with help of trend lines and fibbonacci retracments and targets as the price declined it reached the blue trend line the target on daily is 161.8 as the retracement wasnt deep enough so i m looking for 114 on daily and it could go there . traingles are either wave4 or wave b and in the case of oil its b for sure . i m not sure if this is of any help but thats the way i trade all markets . this is why i m looking to buy the entry needs another day as i ll have to do it on 15 min tf
Attached Image (click to enlarge)
Click to Enlarge Name: _cldaily.png Size: 33 KB
  • #821,428
  • Aug 5, 2013 10:30pm Aug 5, 2013 10:30pm
the pair clearly depicts its the month of august. i don't think the pair can make a breakout here. it will go south..
Come tomorrow, I'll wake up new
  • #821,429
  • Aug 5, 2013 10:30pm Aug 5, 2013 10:30pm
oil is big boys game. one daily bar can span 10 dollars. that is $10k per contract.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #821,430
  • Aug 5, 2013 10:34pm Aug 5, 2013 10:34pm
Quoting Ken A
{quote} Already closed some earlier for around +70 pips the rest at BE will let it run or will kick myself if it runs +300-400 pip for closing too early. In case of stopped out will re-enter - alarm is set to buzz. So better be worth it for watching it 6 hours for the fresh entries. Also catched the top for EUR/NZD yesterday and got a little help from the milk issue.
The milk thing got me nervous this morning and I closed my two EN shorts at loss. (first one for a while too so was v disappointing).

Soon as I closed them price reversed and would have put me positive.

Frustrating day really.

On the plus side grabbed two shorts earlier on ECAD and the one I closed just 20 mins ago and I have several oil shorts in good profit so im about even for the day.

EA and RBA rate decision is going to either make or break my week
Money never sleeps...
  • #821,431
  • Aug 5, 2013 10:36pm Aug 5, 2013 10:36pm
Quoting nawafasad1
{quote} my way of trading is really to follow the market in its direction on longer time frames and wait for the right moment to take it on tight stop and good reward with help of trend lines and fibbonacci retracments and targets as the price declined it reached the blue trend line the target on daily is 161.8 as the retracement wasnt deep enough so i m looking for 114 on daily and it could go there . traingles are either wave4 or wave b and in the case of oil its b for sure . i m not sure if this is of any help but thats the way i trade all markets...

how many pip's is tight s/l in oil ? , i couldn't figure out s/l for oil , only time i success was when i use 100+ pip
Mohan
  • #821,432
  • Aug 5, 2013 10:37pm Aug 5, 2013 10:37pm
Quoting ffleo
{quote} let me take a guess. EA spike down

would be nice my friend, fingers crossed they hold that damn rate steady again. Odds are very much against me though but I need a bit of spice in my life.
Money never sleeps...
  • #821,433
  • Aug 5, 2013 10:39pm Aug 5, 2013 10:39pm
Quoting mohan76
{quote} how many pip's is tight s/l in oil ?

oil needs to be ridden without a saddle imo

only shorts from above 105.
Money never sleeps...
  • #821,434
  • Aug 5, 2013 10:40pm Aug 5, 2013 10:40pm
Quoting inpatient
{quote} would be nice my friend, fingers crossed they hold that damn rate steady again. Odds are very much against me though but I need a bit of spice in my life.
if you can handle oil that much, EA should be easy to you. at most ea goes to 1.55
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #821,435
  • Aug 5, 2013 10:43pm Aug 5, 2013 10:43pm
Quoting nawafasad1
{quote} my way of trading is really to follow the market in its direction on longer time frames and wait for the right moment to take it on tight stop and good reward with help of trend lines and fibbonacci retracments and targets as the price declined it reached the blue trend line the target on daily is 161.8 as the retracement wasnt deep enough so i m looking for 114 on daily and it could go there . traingles are either wave4 or wave b and in the case of oil its b for sure . i m not sure if this is of any help but thats the way i trade all markets...
@nawafasad1:

Resistance seems to be holding at 108.91 and yes the trend is up - as I'm still paper trading it - I'm not seeing a trade at the moment based on my 5H methodology.

I would have to wait and see what happens at these two price levels 107.68 & 105.71 and see how the 5H candle closes and then based on the close - take the trade of the opening of the next 5H candle, short or long respectively.

So:

If 105.71 is taken out and the 5H closes above 105.71, then I would go LONG and exit at 107.68
If 107.68 is taken out and the 5H closes below the 107.68, then I would go SHORT and exit at 105.71

This is just eye balling it without any tools. I have been picking up between $1 & $2 moves.
  • #821,436
  • Aug 5, 2013 10:43pm Aug 5, 2013 10:43pm
Quoting mohan76
{quote} how many pip's is tight s/l in oil ?
in oil sloss needs to be at least 80 pips so anything below that is very good . my sloss is 50 pips as i think 105 will hold that was 61.8 fib of wave 1 of 5 but i go into small t f to get into such trades . and its really where you going to enter that matters .
  • #821,437
  • Aug 5, 2013 10:46pm Aug 5, 2013 10:46pm
Quoting nawafasad1
{quote} in oil sloss needs to be at least 80 pips so anything below that is very good . my sloss is 50 pips as i think 105 will hold that was 61.8 fib of wave 1 of 5 but i go into small t f to get into such trades . and its really where you going to enter that matters .
make sense , i was tring 20 ,30 ... failed, 100+ was success but it did not justify me for the rearward (i can't watch profit melting )
Mohan
  • #821,438
  • Aug 5, 2013 10:47pm Aug 5, 2013 10:47pm
Quoting HDA
{quote} @nawafasad1: Resistance seems to be holding at 108.91 and yes the trend is up - as I'm still paper trading it - I'm not seeing a trade at the moment based on my 5H methodology. I would have to wait and see what happens at these two price levels 107.68 & 105.71 and see how the 5H candle closes and then based on the close - take the trade of the opening of the next 5H candle, long or short respectively. This is just eye balling it without any tools. I have been picking up between $1 & $2 moves.
there are a bunch of guys trading oil here:
http://www.elitetrader.com/vb/showth...agenumber=5550
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #821,439
  • Aug 5, 2013 10:52pm Aug 5, 2013 10:52pm
Quoting ffleo
{quote} there are a bunch of guys trading oil here: http://www.elitetrader.com/vb/showth...agenumber=5550
ammo is the guy i like to read his posts. he also trades ES.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #821,440
  • Aug 5, 2013 10:53pm Aug 5, 2013 10:53pm
Quoting HDA
{quote}
HDA
Although I strongly disagree with you by not using charts, I am honest in seeing the quality of your postings.

+ 1 VOUCH
New voice message: Why are you calling me? If I need you, I'll call you!
485 traders viewing now, 1 is registered:
iamdecybel