EURUSD | Page 44032 | 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

  • #880,621
  • Mar 3, 2014 7:56pm Mar 3, 2014 7:56pm
Heres my hourly on EURUSD... I have a short bias given recent US data but strangely as of late it seems like markets barely react to US data, I am expressing US bullishness via long USDJPY at the moment, bought 101.54 SL 101.34... targeting a breakout above 102.60.


EUR and GBP remain stubbornly strong, I will buy 1.3700-1.3720 area for a scalp, but I would really like to sell a retracement to 1.3750 for a larger position ahead of ISM Services, ECB and NFP. A rally and fail at 1.3750/60 would set up a nice head and shoulders.

Fundamentals on EUR... Im thinking prolonged war tensions may push a need to bail on western europe equities which along with the large current account surplus is one of the two major sources of support for EUR. Draghi may give us some help but Im not relying on it.

US data suprises recently:
Flash Manufacturing PMI 56.7 vs 53.6
New Home Sales 468k vs 406k
Core Durable Goods 1.1% vs -0.1%
Chicago PMI 59.8 vs 57.9
ISM Manufacturing 53.2 vs 52.3
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 87 KB
Twitter: @TrendersGame
  • #880,622
  • Mar 3, 2014 7:56pm Mar 3, 2014 7:56pm
Quoting gatorinla
{quote} dec jan pa,,days high is 1/4 mark, the low is here also. back to 3824 would{image} be tempting to s.
almost a 17% trade closed..
those who can, do. those who cant, talk about those who can
  • #880,623
  • Mar 3, 2014 7:59pm Mar 3, 2014 7:59pm
FXtyrant - sounds like a plan. I'm going to go long (once my current short trade has hit its limit at 1.3712) looking to exit at that 1.3893 resistance. Because i think we are in a strong move up we may break through easily but i'm going to be really careful because it could do exactly as you said. So i'll jump in long again after if that is what happens. It's going to be pretty interesting.
It'll be alright on the night
  • #880,624
  • Mar 3, 2014 8:36pm Mar 3, 2014 8:36pm
1.3700--1.3720 area is the support zone.the gap is not closed.maybe we will meet some north movement today.
Attached Image
A chart helps those who can read it.
  • #880,625
  • Mar 3, 2014 9:53pm Mar 3, 2014 9:53pm
Quoting geniusztc
1.3700--1.3720 area is the support zone.the gap is not closed.maybe we will meet some north movement today. {image}
today 13333
  • #880,626
  • Mar 3, 2014 9:54pm Mar 3, 2014 9:54pm
I'm new and this is my first post so be gentle with me.

I'm short on E/U and i have 1.36100 as target in the near term(2-3 weeks).


Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: USD.jpg Size: 240 KB
  • #880,627
  • Mar 3, 2014 10:19pm Mar 3, 2014 10:19pm
Ten things you should know about the Ukraine:

http://www.nzherald.co.nz/world/news...ectid=11213325
  • #880,628
  • Mar 3, 2014 10:31pm Mar 3, 2014 10:31pm
I'm looking for 1.37077 and up to new high, counting on it as I am very deep underwater on many longs
Founder of Sutherland Wave Principle
  • #880,629
  • Mar 3, 2014 10:34pm Mar 3, 2014 10:34pm
Quoting suthmo
I'm looking for 1.37077 and up to new high, counting on it as I am very deep underwater on many longs
How deep are you? Cant be that bad, only 100 pips from the top?
All posts are my personal opinion
  • #880,630
  • Mar 3, 2014 10:35pm Mar 3, 2014 10:35pm
GoMarkets cut my connection mid trade while I slept and the platform was still off line when I got up. The trade had a trail stop and would of almost made TP but the disconnection stopped the TS and the price had pulled back hitting SL when I saw it and logged back on by re-scanning server. All my other MT4 were working without a hitch. Their feed has been suspect in the past and I have sent several emails but with no response. It is only a micro account with them and it will be staying exactly that, imo steer clear of this broker.
Attached Image (click to enlarge)
Click to Enlarge Name: gomarkets trade.png Size: 47 KB
As the lights go by so too do the shadows move
  • #880,631
  • Mar 3, 2014 10:41pm Mar 3, 2014 10:41pm
Quoting Eurusdd
Buy little now at 1.3724 " 15 pips sl
Hi EURUSDD, did you try your method on larger time frames like weekly or monthly. Thanks
  • #880,632
  • Mar 3, 2014 10:42pm Mar 3, 2014 10:42pm
Quoting suthmo
I'm looking for 1.37077 and up to new high, counting on it as I am very deep underwater on many longs
how can you be deep underwater on longs when euro is moving up for the past 2 months
  • #880,633
  • Mar 3, 2014 10:47pm Mar 3, 2014 10:47pm
Quoting giveachance
{quote} how can you be deep underwater on longs when euro is moving up for the past 2 months
let the market get you naked when you over-leverage. Not only that, get all your furs removed if you overleverage. So you are not only naked, you are also bald all over, and you feel very cold in water cause you have no furs to keep you warm.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #880,634
  • Mar 3, 2014 10:50pm Mar 3, 2014 10:50pm
Quoting Esssex
{quote} Woke up to find that I actually managed to hit my 2nd target yesterday, something I was doubtful will happen yesterday. Won't be trading EU for my intraday positions today but probably will close out a portion of EU shorts from 3764 taken last week to rebalance my risk considering I've managed to take shorts at 3800 levels last week. This is to protect against a bounce Off to play the Kiwi and UJ hi/low bounce for Asian scalping.
I'm good for the day from kiwi and UJ.

Will now focus on looking for intraday set ups on EU, Asian scalping strategy is over as it's lunch time. Probably looking for a clear break of 3724 to place shorts if none appears then I'll take a position called sitting on the sidelines.
  • #880,635
  • Mar 3, 2014 10:52pm Mar 3, 2014 10:52pm
I forecast the euro develops like this, will look development
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1.png Size: 115 KB
  • #880,636
  • Mar 3, 2014 10:52pm Mar 3, 2014 10:52pm
Quoting ffleo
{quote} let the market get you naked when you over-leverage. Not only that, get all your furs removed if you overleverage. So you are not only naked, you are also bald all over, and you feel very cold in water cause you have no furs to keep you warm.
to whom is this post intended to? if it is to him kindly reply to his post not mine
  • #880,637
  • Edited 11:08pm Mar 3, 2014 10:57pm | Edited 11:08pm
Quoting giveachance
{quote} to whom is this post intended to? if it is to him kindly reply to his post not mine
you do not know how you can be deep under water or get your account wiped out even if you trade in the trend direction.

There was a good example a few weeks ago, someone longed cable with over-leveraging, turned a 200+ % gain made in a year into a -98% loss in just a week (even if it was a demo, still says something). To be specific, that demo started at $ 100,000, ended like less than $ 3000
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #880,638
  • Mar 3, 2014 11:13pm Mar 3, 2014 11:13pm
Quoting Eurusdd
Everything is in the price you see on your chart. eVERY TRICK, all thoughts of traders and every signal within a group of big traders can be found in the price action on your chart. BUT, BUT and BUT,you need an alien to show you what to look for.... Most people here do all kinds of fundamental analysis (not bad) but yet .... waiting to see alike-minded soul.
Yes do need alien.But i can feel that alien somewhere here!! lol

Agreed and i believe that price responses to news as acceleration to its direction and it can't change the real trend of the price. PA is everything where i believes there is someone can able to read the chart construction of each and every leg of the price , every trick of Big players! But what to look for .. asking alien to come to earth and drop some light on my chart definitely need alien !!

eVERY TRICK, all thoughts of traders and every signal within a group of big traders can be found in the price action on your chart -you mean chart without any indicators?not even volumes or any external data? thank you...
unlearning is difficult than learning-that is the key!!
  • #880,639
  • Mar 3, 2014 11:14pm Mar 3, 2014 11:14pm
Morning guys ,...

well today it is a day where it can go just according tech. analysis :

News with high impact

  1. spanish unemployment during 3 hours (actually the prediction is too much good but everything is possible) so if this number will be higher it is bearish and if lower than predicted we are heading UP
  2. Greek market PMI if the result will be above 50 the EUR bullish and wise versa. After several times this one is suposed to be the first time above 50 points

Till the evening we ve fot some ninja whatever news in 5 hours for EURO : PPI with bad data
till the evening USD : some redbook, ISM NEw York , IBD/TIPP , 52 and 4 week bill auction so will see how
the number would be.

From technical point of view : it still don wanna close clearly inder the MA 55 . But only in slightly way . On the other hand it also dont wanna go up . But still holding short . Will wait on London.

Attached Image
Many green pips guys
  • #880,640
  • Mar 3, 2014 11:21pm Mar 3, 2014 11:21pm
Quoting ffleo
{quote} you do not know how you can be deep under water or get your account wiped out even if you trade in the trend direction. There was a good example a few weeks ago, someone longed cable with over-leveraging, turned a 200+ % gain made in a year into a -98% loss in just a week (even if it was a demo, still says something). To be specific, that demo started at $ 100,000, ended like less than $ 3000
I think I know whom you are referring to.
287 traders viewing now