EURUSD | Page 45095 | 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

  • #901,881
  • Jun 1, 2014 2:29pm Jun 1, 2014 2:29pm
Quoting janpec1000
{quote} Economy from all lectures that exists has the lowest agreeement with people inside. 90% of economists are going to be on wrong side of thinking (especially macroeconomy), pretty much no other science has that high percentage. If you get that high in medicine you have thousands of killed on operation table in 1 day. And thats why so many "economists" get it very wrong when market crash happens eg. 2008.
Yep.

Put 5 economists in a room and ask them just one question. You'll likely get around 25 (if not more) different scenarios back. What I think would be an interesting study would be.... Teach all 5 of them how to read a chart and see what change (if any) in the number of scenarios you get back.
Ghost Rider - WWTBMD?
  • #901,882
  • Jun 1, 2014 2:33pm Jun 1, 2014 2:33pm
Quoting albchr
{quote} Yep. Put 5 economists in a room and ask them just one question. You'll likely get around 25 (if not more) different scenarios back. What I think would be an interesting study would be.... Teach all 5 of them how to read a chart and see what change (if any) in the number of scenarios you get back.
This is so much easier & no confusion
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #901,883
  • Jun 1, 2014 2:35pm Jun 1, 2014 2:35pm
Quoting ill_be_back
{quote} This is so much easier & no confusion {image}
LOL... and better odds too....
Ghost Rider - WWTBMD?
  • #901,884
  • Jun 1, 2014 2:51pm Jun 1, 2014 2:51pm
I was calling on big dump on BTC since i knew that rally from 580 was manipulated from single buyer,it came clearly now ( however my target was still higher for BTC to go before dump):

http://prntscr.com/3oqt4x

Now fake supply is created if real buyers can push trough this supply there is no question about testing of 750, if they cant price will drop big, 600, maybe even 500.
  • #901,885
  • Jun 1, 2014 2:52pm Jun 1, 2014 2:52pm
Quoting Magix
{quote} I don't wonder why...I know why you don't see this...you aren't looking in the right places. This is FORWARD tested, freeware that I released Shortly after Christmas: HERE && HERE This was released to folk who were willing to give a minimum $5 donation to a charity of their choice: HERE Latest...
The first tester pic was ea done by me on some online builder and I have no idea about coding, I've tried to learn MQL but failed (not math guy) in 2013 on GJ every buck would give me 8...If yours run without intervention then kudos for the strategy, I am not saying that automated trading is bad and useless, I was just making point how easy you can be an EA rock star in right market conditions.
Nice results, H1 FTL should run on real penny ac since 1st Q imo.
swing it!
  • #901,886
  • Jun 1, 2014 2:58pm Jun 1, 2014 2:58pm
Quoting FibsWork4Me
{quote} Well what one should do is look at the individual trades. Many people claim to have bots, when in reality they don't or they actually do, but sometimes they take over trading within the account. Another interesting thing is the following. If a person can pull off 1000% profit in any amount of time, the best money management would be to withdraw all profits. I do understand that many of us are looking for "long term" PROFITS, or something which works long term, but don't you feel that such thought is far-fetched. We've seen it in EUR/USD...
Brokers love scalpers, to prove my point,
Risk 10%
place 10 sl vs 100 pips tp
Compound each trade, make just one trade per month, see where 100 bucks will take you and how long will it take to make you happy.
Risking 10% is not a lot, don't believe the hype if you are wrong more than 3/5 time in a row, there is problem with your strategy or you as a trader.
Talking about it is a totally different thing than doing it, not playing hero here.
swing it!
  • #901,887
  • Jun 1, 2014 3:26pm Jun 1, 2014 3:26pm
Quoting tomspin
{quote} The first tester pic was ea done by me on some online builder and I have no idea about coding, I've tried to learn MQL but failed (not math guy) in 2013 on GJ every buck would give me 8...If yours run without intervention then kudos for the strategy, I am not saying that automated trading is bad and useless, I was just making point how easy you can be an EA rock star in right market conditions. Nice results, H1 FTL should run on real penny ac since 1st Q imo.
Tom,

Prior to my working with mql4, I haven't touched anything that resembles code since I worked on an Apple IIe and my TRS-80. Admitedly, I still only have a very rudimentary understanding, but enough to navigate and make a few changes here n there...

A lot are afraid of automated because of the risks, but never assign these to how they actually trade live...
A lot are afraid of automated because they do not understand the code.
Most are afraid of a Martingale strategy, because they don't understand the markets.

Now, since the first live test results that started earlier this year, taking an understanding of all and applying the logic to a piece of code that can generate 300% in less than a month, ya have to admit, there is a little more than most can understand and comprehend...shit, it's even a little beyond my grasp as it works with a basic idea and applies it to pairs I have never even opened a chart on, never mind would think of testing code on...

These truly started as a way to help me apply different optics to market while still trading under my own specific manual, live strategies...

But hey, even at this, if somebody showed up once a month and handed you a check for what these show, would ya take it?

There is always going to be risk in market, no matter what we do or how well we play...my comments were more so directed to the fact that just because you haven't seen something work, doesn't mean it can't be done.
Attached Image (click to enlarge)
Click to Enlarge Name: 300.png Size: 26 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #901,888
  • Jun 1, 2014 3:39pm Jun 1, 2014 3:39pm
HI

EU H4

http://up.tahlilkadeh.ir/uploads/14016550131.png

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 45 KB
  • #901,889
  • Jun 1, 2014 3:39pm Jun 1, 2014 3:39pm
Quoting tomspin
{quote} Brokers love scalpers, to prove my point, Risk 10% place 10 sl vs 100 pips tp Compound each trade, make just one trade per month, see where 100 bucks will take you and how long will it take to make you happy. Risking 10% is not a lot, don't believe the hype if you are wrong more than 3/5 time in a row, there is problem with your strategy or you as a trader. Talking about it is a totally different thing than doing it, not playing hero here.
I can see why "brokers" would love scalpers. Yet, the reality is what the brokers earn from scalpers, isn't much compared to what the traders actually make. I guess one can make a valid argument for scalpers and swingers, yet the reality is BOTH lose. On the other hand scalpers tend to be much more profitable in the short term, and if money management is used such as 'not compounding' or "withdrawing" then you stand to earn more in the long hold.

As far as being wrong 80% of the times, as an example, isn't really relative to your overall success as a scalper. I would love to be able to win 20% of the times in which those 20% are high probability trades in which I can take a position for several mins, and earn a large % of my account. I would even take a guess and say that the market movers SCALP the market. So if they do it, why shouldn't we?
Ever thought about how much money you could earn wagering against yourself?
  • #901,890
  • Jun 1, 2014 3:45pm Jun 1, 2014 3:45pm
Quoting FibsWork4Me
I would love to be able to win 20% of the times in which those 20% are high probability trades in which I can take a position for several mins, and earn a large % of my account. I would even take a guess and say that the market movers SCALP the market. So if they do it, why shouldn't we?
So, why aren't you doing this?

I only trade the M1 charts...have a look through my history of images...it can be done.

As far as automation is concerned, it is both a tool for learning and earning...If something works as applied to a session or pair in automation, it is the same in manual...

Problem is, if you don't understand the markets at an M1 level, you probably don't understand them as applied to any time frame.

Fibs included.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #901,891
  • Jun 1, 2014 3:58pm Jun 1, 2014 3:58pm
Quoting Magix
{quote} Tom, Prior to my working with mql4, I haven't touched anything that resembles code since I worked on an Apple IIe and my TRS-80. Admitedly, I still only have a very rudimentary understanding, but enough to navigate and make a few changes here n there... A lot are afraid of automated because of the risks, but never assign these to how they actually trade live... A lot are afraid of automated because they do not understand the code. Most are afraid of a Martingale strategy, because they don't understand the markets. Now, since the first live...
Not if you go against all logic and buy as much SP contracts as you can and go fishing for a yearno risk over there.
Jokes aside, nice going, fully understand your thinking and agree, but have them pennies going if main principle holds its ground,
swing it!
  • #901,892
  • Jun 1, 2014 4:07pm Jun 1, 2014 4:07pm
Quoting Greener
{quote} I am quite worried that it's only the extreme right playing the democracy card in EU. Far from being a tory, I think that Cameron is right about Juncker. Aside from his poor personal records as EU president, bears a name which sounds awful in English and doesn't bode well.
Wherever you go, there you are.
  • #901,893
  • Jun 1, 2014 4:13pm Jun 1, 2014 4:13pm
Quoting tomspin
but have them pennies going if main principle holds its ground,
Some of the "friends", I work with, use these for penny sized lots...some of us work with larger.

Highest I've seen off of my autos is just a touch over $5k, live in a single trading week.

Learning at the smaller levels does seemingly remove the risk of larger loss...after a strategy is proven, applying to relative trades to relative sized accounts as they grow, makes for relative sized growth.

There are a few that I work with that are only interested in the application of the methodology to a Manual trade strategy...

Really, as long as we continue to move forward, doesn't really matter how it is done.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #901,894
  • Jun 1, 2014 4:18pm Jun 1, 2014 4:18pm
Quoting Magix
{quote} So, why aren't you doing this? I only trade the M1 charts...have a look through my history of images...it can be done. As far as automation is concerned, it is both a tool for learning and earning...If something works as applied to a session or pair in automation, it is the same in manual... Problem is, if you don't understand the markets at an M1 level, you probably don't understand them as applied to any time frame. Fibs included.
I would like to believe I'm a scalper. At times I take bias trades, which of course "real scalpers" don't do. Although I am striving to becoming a good scalper, I have incorporated fibs trading to my scalping in order to see trades which I believe are high probability scalps. Those trades may only last 5-10 mins, but the reality is if those trades can earn me profits 80% of the times, my account should be able to continue growing as it did last month.
Ever thought about how much money you could earn wagering against yourself?
  • #901,895
  • Jun 1, 2014 4:24pm Jun 1, 2014 4:24pm
& safer

Quoting ill_be_back
{quote} This is so much easier & no confusion {image}
My Best Trade is Next Trade!
  • #901,896
  • Jun 1, 2014 4:26pm Jun 1, 2014 4:26pm
Quoting State
These numbers might look familiar to some of you...They are pivot points...used by Commercial and Large Speculators. 1.3993 1.3966 1.3893 1.3834 1.3672 1.3600 1.3476 1.3294
Do you have any idea where these 'pivot points' come from, please?

(I know Gatorinla and Chicky do).

Just looking for confirmation.
  • #901,897
  • Jun 1, 2014 4:51pm Jun 1, 2014 4:51pm
Quoting pedro319
EURUSD Technical: This is just an idea how this pair could be traded in the near future in case we don't see any meaningful retracement. I posted this chart before but want to add a few details. Price broke through double top's neckline on daily chart and is forming butterfly buy on 1 hour chart with 1.618 ext around 1.3600 area. A re test of the neckline 1.3670 (close to Weekly pivot) could happen then and give us a good trading opportunity, until one of these two happen I am not touching anything. In case we have an upward move through the neckline...
EURUSD

Technical: The picture remains the same as in my last update and levels mentioned played their part. Now the levels I consider within my research include 1.3670- Double top Neckline Daily chart and new Weekly Resistance 1 + aprox 61.8 % Ret 4 hours chart (not the whole swing) I have explained this before, and 1.3737 new monthly pivot + 38.2% whole swing daily chart + invalidation for our double top. (posted before).
Overall we have a reversal bar in May (We had one in February that didn't work out) which could indicate further downside along with the fact that market closed below previous monthly support 1. In bear markets retracement should not exceed weekly R1, nothing is written in stone but it's my choice to accept it in order to create a trading plan. My main support is the area 1.35, before that I don't see any meaningful level.
There is the possibility for price to move slightly lower than last low and form a 3 drives buy, if this confirms I will post it here as well.

Fundamental (posted a month ago)
2 possible scenarios out of many I am sure.
EURUSD prices in promises from ECB and continues further down until the next meeting, if nothing happens then we come back up.
or
This was trend reversal (will be confirmed if price takes out 1.3475 lows) and from now on we will get into sell mode with ECB doing all they can to devalue the currency.
We watch the charts from every angle so you don't have to!!
  • #901,898
  • Jun 1, 2014 4:53pm Jun 1, 2014 4:53pm
Random question to anyone who may have the answer. Which currency has had the highest daily range during the month of MAY? Typically it is EUR/JPY, but looking back at the charts, it most certainly has not been that pair. Any response would be greatly appreciated.
Ever thought about how much money you could earn wagering against yourself?
  • #901,899
  • Edited 5:09pm Jun 1, 2014 4:55pm | Edited 5:09pm
Quoting pedro319
AUDUSD Not a bad place to add more shorts. Reason: Daily 61.8 Ret +Monthly pivot and bouncing off Weekly R1. The daily candle is not finished yet so we don't know whether retracement is finished but even if we go up to .786 Ret again it's still worth scaling in. Cheers.
AUDUSD
Same technicals as for my previous post, only the pivots have changed, for now weekly central pivot stands below.
We watch the charts from every angle so you don't have to!!
  • #901,900
  • Jun 1, 2014 4:58pm Jun 1, 2014 4:58pm
Quoting pedro319
{quote} GBPUSD ABCD pattern in progress on Daily chart. This swing can be used by scalpers and I expect 1.6788 region to hold price if retracement continues. Then I will short for more downside. Otherwise just follow to first target of this trade. GL
GBPUSD
Nothing wrong in starting to scale in short from this area up to 1.6788 area, if prices passes it than I would advise to close some and wait for next set up.
We watch the charts from every angle so you don't have to!!
1,542 traders viewing now, 1 is registered: