EURUSD | Page 41751 | 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

  • #835,001
  • Sep 13, 2013 6:54am Sep 13, 2013 6:54am
Quoting Rap Skallion
look at how close all the simple moving averages are. Just look. Take note. Lima lama art of the bite:"Do not take a big bite and hold on. Take lots of little vicious ones "
tip 1 = don't take SMA when they are closely together in a consolidated range. use horizontal line to define that boxed range, highest and lowest.

Identify the range. Range = buy lo, sell hi. stop loss out of range.

tip 2 = once u see PA moved out of range's, with increasing volatility and during high impact news, follow that SMA then.

Breakout = price crosses highest hi or lowest lo, and closed out of range. SMA will slowly dragged wide apart.

see reaction in 35-45 minutes time.

an example of defined range prior to a move.
Attached Image (click to enlarge)
Click to Enlarge Name: the gold breakout.png Size: 15 KB
  • #835,002
  • Sep 13, 2013 6:55am Sep 13, 2013 6:55am
Quoting KiwiTrada
{quote} I am aggressive, and already in, but yesterdays high is important level ,last hr bull rally is first real excursion above todays open (which I already harvest few pip) so stop above yesterdays high, if she get below rising tl then todays open, could be nice entry, with little stop, my r/r is 1/5 this hr close anywhere round here is doji @ resistance, worth a look anyway, a break north will destroy me real quick. bbl going watch hr close, may jump ship, but will see {image}
make or break time, looks like ny going to decide 4mins
If you are new to Forex? Say Goodbye to your account!!
  • #835,003
  • Sep 13, 2013 6:55am Sep 13, 2013 6:55am
This time the fact of me being here does not infer I am not late on this one, unlike the last one
  • #835,004
  • Sep 13, 2013 6:58am Sep 13, 2013 6:58am
GU M15

bought cable
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 62 KB
  • #835,005
  • Sep 13, 2013 6:58am Sep 13, 2013 6:58am
Quoting chazzle
{quote} not my style to wait for hours and hours - so tp alraedy

dude did u close the trade???
I don't want a job, i want money!
  • #835,006
  • Sep 13, 2013 6:58am Sep 13, 2013 6:58am
Fiber is cutting me like a blade. So many ups & down at 3282.
Discussion is an exchange of knowledge;argument is an exchange of ignorance
  • #835,007
  • Sep 13, 2013 7:02am Sep 13, 2013 7:02am
Quoting dario1002
{quote} dude did u close the trade???
yes -
  • #835,008
  • Sep 13, 2013 7:05am Sep 13, 2013 7:05am
Quoting KecoaKecil
{quote} The strategy use a GBPUSD pair, with assumption, during Europe Open (one hour time) we determine trend, that can hold for the rest of session till closed. Here is the example of this week. I mark with letter: A. You determine it is a bull market, then you buy.. hold till 1 hour before close.. (B) .. erhh.. calculate the pips yourself. i believe you can. C. You determine it is a bull (again) then you buy.. hold till 1 hour before close .. (D).. E. (ignore some typo there.. looks like AE) .. Its again.. bull, you buy... hold till 1 hour before...
Simple? Not quite.. Here is the catch.. You only have 1 hour frame (-60 minute before open) to DECIDE long/short. And watch out for Daylight Time Saving too.
Now, we come to yesterday.. (A), i decide bear (switch to m1 timeframe will help) .. then.. suddenly IT TURNS .. so maybe you get break event. Or if you are daredevil.. you end up with loss at B.
Today, (C) looks like bull. I go long.. so far, its not touching my break event.. but we have to wait till the end of this eropa session (minus 60 minute).

Is it a good strategy? I do not know, does not have enough trades using this strategy, to calculate the statistics.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdih1b.png Size: 52 KB
Don't blame the tools. Blame the carpenter.
  • #835,009
  • Sep 13, 2013 7:06am Sep 13, 2013 7:06am
which one of you guys buying this much EU and cable now??
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #835,010
  • Sep 13, 2013 7:06am Sep 13, 2013 7:06am
Quoting chazzle
EU H1 bought EU on break and re-test of 280 {image}
+8
  • #835,011
  • Sep 13, 2013 7:06am Sep 13, 2013 7:06am
Quoting chazzle
GU M15 bought cable {image}
+10
  • #835,012
  • Sep 13, 2013 7:06am Sep 13, 2013 7:06am
Quoting Chicky
{quote} Are we going to 1.4120 or not?
there is no doubt USD rise and eur down.
A chart helps those who can read it.
  • #835,013
  • Sep 13, 2013 7:08am Sep 13, 2013 7:08am
Friday the 13th like moves.. WH did not confirm Summers will be the next fed.
  • #835,014
  • Sep 13, 2013 7:08am Sep 13, 2013 7:08am
This is why I have been waiting for news...
@pawpaw1000 on Twitter
  • #835,015
  • Sep 13, 2013 7:09am Sep 13, 2013 7:09am
Quoting attila
Friday the 13th like moves.. WH did not confirm Summers will be the next fed.

this latest rally on some cyprus news not white house. frustrating friday.
  • #835,016
  • Sep 13, 2013 7:10am Sep 13, 2013 7:10am
Quoting pawpaw1000
This is why I have been waiting for news...

and you think this is news.
  • #835,017
  • Sep 13, 2013 7:10am Sep 13, 2013 7:10am
short closed for 2

This is looking like a long now ....
  • #835,018
  • Sep 13, 2013 7:11am Sep 13, 2013 7:11am
I am taking home atleast 60 pips profit or I will leave the trade open on weekend
  • #835,019
  • Sep 13, 2013 7:18am Sep 13, 2013 7:18am
Quoting KecoaKecil
{quote} The strategy use a GBPUSD pair, with assumption, during Europe Open (one hour time) we determine trend, that can hold for the rest of session till closed. Here is the example of this week. I mark with letter: A. You determine it is a bull market, then you buy.. hold till 1 hour before close.. (B) .. erhh.. calculate the pips yourself. i believe you can. C. You determine it is a bull (again) then you buy.. hold till 1 hour before close .. (D).. E. (ignore some typo there.. looks like AE) .. Its again.. bull, you buy... hold till 1 hour before...
I frequently take guidance of the Two o'clock opening (e.s.t) and the 3 o'clock(e.s.t.). By 3:15 or so you can usually tell if the boys from Frankfurt and the boys from London agree on a trend. Since they are the only big players active at that time, This trend will continue for 4 hours or so. Then some locking in of profits will occur. If the market slows I get out At the new york opening, (830 E.S.T.). There is usually some sort of news (like today). I watch the surge from the news. all things being equal, if that is on trend I get back in.

Today the boys from London do not seem to be in harmony with the boys form Frankfurt.
When this happens, I usually wait to actually try to understand the news at 8:30 (good of bad for pair) and trade good opportunities for my biases if I see them.
It is Friday. The markets are usually fairly quiet. (which of course means, if they are on a tear, there will be a reason).

Thus I am somewhat in agreement with this technique. I would call it an indicator rather than a technique.
Better yet , in my case, it seems to be my habit.
You might find something along this line to be interesting.
  • #835,020
  • Sep 13, 2013 7:21am Sep 13, 2013 7:21am
Quoting giveachance
I am taking home atleast 60 pips profit or I will leave the trade open on weekend

Great way to trade...

Choosing TP by how much profit you have will make you a professional trader in no time :-D

And yes, news was the catalyst in this... NOTE I said CATALYST.

Now waiting for the next CATALYST in 10min
@pawpaw1000 on Twitter
489 traders viewing now