EURUSD | Page 42390 | 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

  • #847,781
  • Edited 2:16am Oct 29, 2013 2:03am | Edited 2:16am
Quoting eliteincome
{quote} Gidday Got some longs US/CHF Now are you thinking it will go lower than 89 I have my first pending 88.5 long I might start again at a lower level if that is the case

There is a solution to your predicament
Take your intended amount say example 2 lots
divide that in 8 mini lots
Buy every 50pips down until all in or partially in.Now you should get overall better average price.
This way you are not over trading and you have a position should things go your way while you are sleeping.
Some say adding to loser is averaging loser.I disagree with this mentality.
Lets put this in context of traditional trading
2lots in at 89.50 SL at 8925
You got stopped out loss 25pips at 2lots loss $50 or $250
you got pissed off and decided to go in at lower price
8925 sl 89 again stopped out loss total $100 or $500

Now think in context what I wrote.25lot 50 pip loss is nothing compare to 50pip 2 lot loss.
Anyway just trying to help.

By the way US/CHF is directly correlated with EU
Only way it will go up if EU goes down.So in reality if you go short on EU is same as long on US/CHF


regards
In trading, you have to be defensive and aggressive at the same time
  • #847,782
  • Oct 29, 2013 2:12am Oct 29, 2013 2:12am
Quoting attila
{quote} I also see it go lower... weekly chart.. {image}

Hi Attila, does MT4 have those trendline-alarms as well? Looks like a valuable tool to me.
Fail better.
  • #847,783
  • Oct 29, 2013 2:19am Oct 29, 2013 2:19am
Hi Davit

Jumped in to soon at 90

an it dropped to 89

hand full of small longs 90 91.5 TP

Bit exposed,thinking clear them out early.

Just EUR/US through me 138 +

had to dust off the abacus

an do some creative hedging with shorting NZ/US etc:nerd:
  • #847,784
  • Oct 29, 2013 2:27am Oct 29, 2013 2:27am
I am starting to think that all this technical analysis is all a bit of BS. Sorry, I do not intend offend anyone.
Wherever you go, there you are.
  • #847,785
  • Oct 29, 2013 2:34am Oct 29, 2013 2:34am
Quoting LarryDarrell
{quote} Hi Attila, does MT4 have those trendline-alarms as well? Looks like a valuable tool to me.
Hmm, you can build one. But what is your definition of trendline? its subjective, right?
Don't blame the tools. Blame the carpenter.
  • #847,786
  • Oct 29, 2013 2:35am Oct 29, 2013 2:35am
EURUSD slowly drifting down. Lower highs and lower lows on intraday charts on the way towards 1.3740. 1.3795 is the first place to observe short term timeframes in search for entry spot. Another place to take a short is below 1.3775 and trendlines. Long only after meaningful break of 1.3800 to the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd tradeseeker 29.10.2013.PNG Size: 40 KB
Price Action + KISS + PIE = Forex-Entourage
  • #847,787
  • Oct 29, 2013 2:37am Oct 29, 2013 2:37am
Quoting Davit
{quote} There is a solution to your predicament Take your intended amount say example 2 lots divide that in 8 mini lots Buy every 50pips down until all in or partially in.Now you should get overall better average price. This way you are not over trading and you have a position should things go your way while you are sleeping. Some say adding to loser is averaging loser.I disagree with this mentality. Lets put this in context of traditional trading 2lots in at 89.50 SL at 8925 You got stopped out loss 25pips at 2lots loss $50 or $250 you got pissed...
your way is how i trade. It is described in the book "beat Forex dealers".

http://www.amazon.com/Beat-Forex-Dea.../dp/0470722088
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #847,788
  • Oct 29, 2013 2:38am Oct 29, 2013 2:38am
Quoting milam
I am starting to think that all this technical analysis is all a bit of BS. Sorry, I do not intend offend anyone.
A good trader follows his rules, but great trader knows when to break them
  • #847,789
  • Oct 29, 2013 2:39am Oct 29, 2013 2:39am
Quoting Davit
{quote} There is a solution to your predicament Take your intended amount say example 2 lots divide that in 8 mini lots Buy every 50pips down until all in or partially in.Now you should get overall better average price. This way you are not over trading and you have a position should things go your way while you are sleeping. Some say adding to loser is averaging loser.I disagree with this mentality. Lets put this in context of traditional trading 2lots in at 89.50 SL at 8925 You got stopped out loss 25pips at 2lots loss $50 or $250 you got pissed...
hmm, good thinking. Yeah, its a good strategy. Why i don;t think of it earlier.
Don't blame the tools. Blame the carpenter.
  • #847,790
  • Oct 29, 2013 2:41am Oct 29, 2013 2:41am
Quoting ffleo
{quote} your way is how i trade. It is described in the book \"beat Forex dealers\".

I am glad I am not alone.
Beauty of the system is if you don't like the PA then exiting is lot smaller loss then going all in at 1 single entry.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #847,791
  • Oct 29, 2013 2:44am Oct 29, 2013 2:44am
Quoting KecoaKecil
{quote} hmm, good thinking. Yeah, its a good strategy. Why i don;t think of it earlier.
i mentioned it gazillion times: multiple entries with smaller lot at different prices to build a position.

TauTrader also builds his position in this way. you just do not pay attention to people's posts.

when your position size grows to a level you begin to feel uncomfortable, reduce your position size when BE at your average price, reload back later if the price goes against you again. Take partial profit if the price keeps going in your favor.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #847,792
  • Oct 29, 2013 2:45am Oct 29, 2013 2:45am
Quoting gatorinla
{quote} i think its going to .8306... i just figured it would happen after 1.0218

Hi Gatorinla, do you have a chart? I have .8773 and maybe 1.0211, nothing remotely near 8306. Thank you, LD
Fail better.
  • #847,793
  • Oct 29, 2013 2:46am Oct 29, 2013 2:46am
Quoting eliteincome
Hi Davit Jumped in to soon at 90 an it dropped to 89 hand full of small longs 90 91.5 TP Bit exposed,thinking clear them out early. Just EUR/US through me 138 + had to dust off the abacus an do some creative hedging with shorting NZ/US etc:nerd:

Shorting NZ/US is a mistake at this junction.You missed the move when it bounced to 85 now most probably will bounce up.
Focus on few pairs until you feel proficient.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.daily.png Size: 36 KB
In trading, you have to be defensive and aggressive at the same time
  • #847,794
  • Oct 29, 2013 2:49am Oct 29, 2013 2:49am
Watch gold
"It's the Margin, Stupid."
  • #847,795
  • Oct 29, 2013 2:53am Oct 29, 2013 2:53am
Quoting milam
short UC @ 1.04405 EDIT: short AN @ 1.14953
closed +4
Wherever you go, there you are.
  • #847,796
  • Oct 29, 2013 2:54am Oct 29, 2013 2:54am
Quoting milam
I am starting to think that all this technical analysis is all a bit of BS. Sorry, I do not intend offend anyone.
did a pattern fail on your charts?
  • #847,797
  • Oct 29, 2013 3:03am Oct 29, 2013 3:03am
Quoting milam
I am starting to think that all this technical analysis is all a bit of BS. Sorry, I do not intend offend anyone.

mistake is everyone wants things to happen to a pip however if you allow 30-50pips zone then technical aspects starts making sense.
For example price comes down to support 3780 and you buy.Market makers who move the price know 20pip below is your SL hence they will push to 3760-55 take you out then go straight up without you.
You might be scratching your head WTF just happened but it happens every day.
By reducing your lots and allowing more room you have better adds of overcoming market noise.In short 20pip SL is Brokers bread and butter.People seldom think about Stop loss location and size.This is crucial and very important to understand and find solution otherwise you will be paying to broker..
In trading, you have to be defensive and aggressive at the same time
  • #847,798
  • Oct 29, 2013 3:04am Oct 29, 2013 3:04am
Quoting Davit
{quote} Shorting NZ/US is a mistake at this junction.You missed the move when it bounced to 85 now most probably will bounce up. Focus on few pairs until you feel proficient. {image}
Mmm, I was shorting it from the top there, could see a bounce up to 84, I won't suggest H&S because it has never worked when I've traded it. And market is to disfunctional to follow something like that..

Anyway,

There are a few mini lots at market now. Will be adding at 84.

We used EURNZD longs did work took profit moved on, its gone up 650 pips in a week too scary to long now

Now looking at shorting NZD/USD with the intention that any hedge is denominated in Kiwi dollars, my mid-term target is 77 test lower sloped support..
Even the worst trade can close with profit. Just give it time.
  • #847,799
  • Oct 29, 2013 3:08am Oct 29, 2013 3:08am
Quoting chazzle
{quote} did a pattern fail on your charts?
lol.

Think about it my friend.... just think about it....

And to answer your question.... the one that fails perform better and the failure of a fail one even better.....
Wherever you go, there you are.
  • #847,800
  • Oct 29, 2013 3:09am Oct 29, 2013 3:09am
Quoting Davit
{quote} mistake is everyone wants things to happen to a pip however if you allow 20-50pips zone then technical aspects starts making sense. For example price comes down to support 3780 and you buy.Market makers who move the price know 20pip below is your SL hence they will push to 3760-55 take you out then go straight up without you. You might be scratching your head WTF just happened but it happens every day. By reducing your lots and allowing more room you have better adds of overcoming market noise.
man i need to give you another applause before i go to sleep.
ignore wackos and psychos, including myself. But I can't add myself to iggy
432 traders viewing now, 1 is registered:
Jewel1996