EURUSD | Page 42790 | 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

  • #855,781
  • Edited 10:12pm Nov 22, 2013 10:00pm | Edited 10:12pm
well, there a different ways how to handle losses and winners, a good trader will find his way…. what I know is that losses should never be bigger than you winners, if they are, traders would never accept them and they will never make it in this business….in my trading I know before I enter a trade how much max I am going to risk…..
Wherever you go, there you are.
  • #855,782
  • Nov 22, 2013 10:12pm Nov 22, 2013 10:12pm
Quoting John Gray
{quote} Better said, we can't keep rotten food (carry losses).
YES
Wherever you go, there you are.
  • #855,783
  • Edited 10:27pm Nov 22, 2013 10:17pm | Edited 10:27pm
Quoting Kanzler
{quote} It's already a permanent loss. The idea that floating p/l isn't real is something that kills a lot of wannabee traders. He could have had this rationale at 10%, 20%, or now...doesn't matter. It'll go my way if I wait long enough is a recipe for the margin call.
When he close it for a 30% loss in a single batch, he will start small again and do the same adding strategy to grow position size. Depending on how he has grown his position size in the first place, he may just close part of his original big position. If he has accumulated his position size by adding at large price intervals, that means the price has gone quite a while against him. Then there is a large chance the price is going to pullback. When price pulls back, if he kept a large portion of his original position, it will reduce loss at a large ammount. If he had close that large loss, and start small for the pullback he would never make up the large loss ever. He would run out of business in trading. A good trader do not close a large loss just in one batch, he will try to manage to minimize loss. How to manage to minimize a large loss has been described in my original post. This way of trading out of a big loss is described in the book "Beat The Forex Dealer" by Agustin Silvani.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #855,784
  • Nov 22, 2013 11:06pm Nov 22, 2013 11:06pm
Quoting Ken A
{quote} It's a polite friendly way to publicly say "today is not a shorting day". I snap out of it after shorting E/AUD with a cost attached to it -50 pips.
you did not long E/A last night on dips?

ok, just checked and found out that E/A next month pivot is well below. so it will pull down before shoots up again.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #855,785
  • Edited Nov 23, 2013 1:27am Nov 22, 2013 11:17pm | Edited Nov 23, 2013 1:27am
Quoting ffleo
{quote} you did not long E/A last night on dips? ok, just checked and found out that E/A next month pivot is well below. so it will pull down before shoots up again.
Did.

Closed 5 of them before closing and 1 left running over the weekend.

Attachment
  • #855,786
  • Nov 23, 2013 1:39am Nov 23, 2013 1:39am
My magic 8 ball said it will still go north next week
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 179 KB
  • #855,787
  • Nov 23, 2013 3:02am Nov 23, 2013 3:02am
Do you have a daily target how much pips are you aiming for on daily basis? What do you do, once you take a loss, which in fact wiped all your last week profit?
Do you close a platform and take a break-think it over or does the rush of feeling to get it back strikes you? Do you feel the urge to take a position with higher lot just to win the lost money back?
  • #855,788
  • Nov 23, 2013 3:43am Nov 23, 2013 3:43am
Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD.jpg Size: 150 KB
  • #855,789
  • Nov 23, 2013 5:25am Nov 23, 2013 5:25am
Quoting Vachus
If you have a few pips you are planning to waste on shorting / longing the EURO today .... better to long the S&P for the next few days to come!

Here is my Late November - December trade plan ( For now ):

1- Long S&P on dips, targeting new yearly highs. ( downside limits towards 1750 ) I will keep on holding the position towards the ECB meeting early December & FOMC mid December. For now, i think EURO will keep on appreciating as expectation on inflation number turned positive. Also, it might be wiser for the ECB to hold on action till the issuance of its 2014 forward guidance. Feds on the other hand will be capped by the holiday season & staff drop ... so i think pricing in a December tapering is abit too conservative! ( The risk of tapering in December could see heavy selling pressure as markets will suffer thin liquidity & huge price swings).

2- Aussie: Holding it short , selling daily green candles or 4hs - while keeping an open mind over the stop lose. Right now the pair is my number one on the list of " the next yen".

3- Holding small position on Sliver, just in case the feds do taper ... i'm expecting a market crash !

4- Euro, for now the path of least resistance is up. But i'm not long, but waiting for a higher price to short it for sometime. Upside limit is 1.38-1.39 and downside risk towards 1.25 / 1.28 / 1.32. ( I think markets are second doubting the ECB's resolve towards action, making the same mistake July 2012 )

This is my early projections & personal plan.
"It's the Margin, Stupid."
  • #855,790
  • Edited 9:00pm Nov 23, 2013 8:44pm | Edited 9:00pm
I see it like this. And I have another target up at 4172 (off the chart at the moment. literally)

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 55 KB


As for immediate action, it could pull back a little but not lower than 3500, before the real b/o (blue arrows).

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled2.png Size: 55 KB
  • #855,791
  • Nov 24, 2013 12:36am Nov 24, 2013 12:36am
Quoting BeginnerJoe
{quote} But they might do a pull back so quick that if he blinks he will miss it. Also if he puts in a target stop, the pull back might reach within half a pip before turning around. So pull back or no pull back, he could be going to 1900 anyway, where the banks are waiting with a sympathetic smile.
Go to rookie section you might get the attention there and impress noobs and probably get a client or two.

Look what happened to your U/J doji call. Right, you. Have long and short to cover your ass the holy grail 100% winning system.

Stop trolling here might get yourself suspended and come back with a new username.
  • #855,792
  • Nov 24, 2013 12:58am Nov 24, 2013 12:58am
EUR sober, and I'm drunk. Good night.
Time turns trend. - W.D. Gann
  • #855,793
  • Nov 24, 2013 1:17am Nov 24, 2013 1:17am

ECB rates to remain low, could be cut further: Coeure

From reuters.com| 3 hr ago| 3 comments

ECB can take further action if necessary: board member Asmussen

From reuters.com| 13 hr ago| 21 comments

ECB officials still keep hitting the headline with words such as "further action", "rate cut" etc. They must be desperate.
  • #855,794
  • Nov 24, 2013 1:21am Nov 24, 2013 1:21am
I am researching about Trading Volume these days. I understand that the volume provided in mt4 is TICK VOLUME not ACTUAL VOLUME but both volume are near about similar. But still I want to look for daily ACTUAL VOLUME for pairs like EURUSD, GBPUSD as well as Dowjones 30/US 30. So, is anyone there who can tell me sites which provide ACTUAL TRADE VOLUME for the instruments I said.
-milkeyway
  • #855,795
  • Nov 24, 2013 1:23am Nov 24, 2013 1:23am
Quoting Darkforce
ECB rates to remain low, could be cut further: Coeure From reuters.com| 3 hr ago| 3 comments ECB can take further action if necessary: board member Asmussen From reuters.com| 13 hr ago| [url=http://www.forexfactory.com/news.php?do=news&id=458968#post7109755]21...
And if you take the FA, and blend it with the TA, I see a major fall on this pair. Down towards 1.3175. But who knows, I'm drunk.
Time turns trend. - W.D. Gann
  • #855,796
  • Nov 24, 2013 1:30am Nov 24, 2013 1:30am
Quoting ForExtraPips
{quote} And if you take the FA, and blend it with the TA, I see a major fall on this pair. Down towards 1.3175. But who knows, I'm drunk.
I still think it is rational to bet that it is going down. But market can remain irrational longer than we can stay solvent, who knows.
  • #855,797
  • Nov 24, 2013 1:48am Nov 24, 2013 1:48am
Quoting Darkforce
{quote} I still think it is rational to bet that it is going down. But market can remain irrational longer than we can stay solvent, who knows.

This is good news for Cable Bears like me. I would be looking keenly at EC shorting as well.
In trading, you have to be defensive and aggressive at the same time
  • #855,798
  • Nov 24, 2013 1:55am Nov 24, 2013 1:55am
Quoting kumaramy
I am researching about Trading Volume these days. I understand that the volume provided in mt4 is TICK VOLUME not ACTUAL VOLUME but both volume are near about similar. But still I want to look for daily ACTUAL VOLUME for pairs like EURUSD, GBPUSD as well as Dowjones 30/US 30. So, is anyone there who can tell me sites which provide ACTUAL TRADE VOLUME for the instruments I said.
You won't be the first one looking for this and if you have connection with central banks and tap into their data feed might get a close to reality volumes.
  • #855,799
  • Nov 24, 2013 2:07am Nov 24, 2013 2:07am
Quoting Darkforce
ECB rates to remain low, could be cut further: Coeure From reuters.com| 3 hr ago| 3 comments ECB can take further action if necessary: board member Asmussen From reuters.com| 13 hr ago| [url=http://www.forexfactory.com/news.php?do=news&id=458968#post7109755]21...
It's they job to maintain price stability as free floating exchange rate while the masses on the long side will boost the rate higher up which is obvious that's not what they want.

E/U is going higher without other parties participation.
  • #855,800
  • Nov 24, 2013 2:08am Nov 24, 2013 2:08am
Quoting attila
I see it like this. And I have another target up at 4172 (off the chart at the moment. literally) {image} As for immediate action, it could pull back a little but not lower than 3500, before the real b/o (blue arrows). {image}

You could be correct but probability of ECB wanting Euro lower will not facilitate higher gains considering we might start reducing QE starting from Jan 2014.
I just don't see Euro 1.40.For that to happen USD must totally get shit faced which is not happening either.Our latest manufacturing and Retail confidence were positive.
Regards
In trading, you have to be defensive and aggressive at the same time
599 traders viewing now