EURUSD | Page 45104 | 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

  • #902,061
  • Jun 2, 2014 3:57pm Jun 2, 2014 3:57pm
I am not surprise by this daily bar, bears are conducting the dances...bulls are buying the bottom just to became new bears by covering.....

Scalpers or short terms traders are making money both ways........but that is a more difficult way to trade....
Wherever you go, there you are.
  • #902,062
  • Jun 2, 2014 4:01pm Jun 2, 2014 4:01pm
Quoting milam
{quote} second and last trade of the day, risked 3.8 pips (0.76%) made 5 pips. Reasons: I was right this time about the 36 level, prices did bounced from the average but bulls were defending the 36 forming a double bottom bull flag, soon after that a trend bull bar with a shaved top was printed, the following small pause bar had also a close above the opening forming together a bull flag.... I got in 1 pip above the flag....Done trading for the day {image}
Great post with good reasoning, please keep it up!
  • #902,063
  • Jun 2, 2014 4:17pm Jun 2, 2014 4:17pm
And so begins the asian session....I figure it will take about 6 hours to retrace back to R1 now...
learn by failure,succeed by learning
Aim Small Return Today: -46.3%
  • #902,064
  • Jun 2, 2014 4:24pm Jun 2, 2014 4:24pm
Quoting novipazarman
waiting for the ecb decision then short eurusd 20 lots (real account).who is with me?
already short might add more later. Will see
  • #902,065
  • Jun 2, 2014 4:33pm Jun 2, 2014 4:33pm
Quoting Lamira
{quote} already short might add more later. Will see
should be low risk at least
  • #902,066
  • Jun 2, 2014 4:38pm Jun 2, 2014 4:38pm
Quoting ikdenk
{quote} Great post with good reasoning, please keep it up!
Thank you, I will when I can.......Keep in mind that it take a great effort to do what I do, it takes focus out of my concentration, sometime I also call live trades which takes greater effort, also I have to deal with incompetent responses from the thread some time to time..... believe me it is all done out of generosity...not ego trip
......I would like to show to whom likes to learn.......that there is not secret in trading.....not holy grail to be found........but only in ourself..........this way of trading can be successful if we learn trough price action when the money is coming in by the market movers........classical TA is also applied to spot the trapped traders and take advantages of it...the chart needs to be views as a battle field, with participants and set side future participants, our job is not to be right, to predict, it is to make money.....bias or concepts are the worts enemy......a single bar can shift power from one side to the other......and we need to be ready.....never enter in the middle of the struggle.....only enter when one of the parts lets go of the rope....and jump on it......for a full scalp or cover half and let run the rest, sometime we get lucky and it will pay well....sometime it is just best the get out the full scalp....all depend on the condition of the market......at the end of the day.....print your chart and view where we could have made some......after a few weeks a better understanding is acquired........
Wherever you go, there you are.
  • #902,067
  • Jun 2, 2014 6:05pm Jun 2, 2014 6:05pm
Quoting Nan-ook
{quote} No way.....up and upper to 1.3700
sorry but at this position all i can see it is solid short :/ but it still need to break 1.3585 to go deeper or move out from this 1.359 area.
  • #902,068
  • Jun 2, 2014 10:53pm Jun 2, 2014 10:53pm
06-02-2014 0.21643 %
05-30-2014 0.44786 %
05-29-2014 0.22571 %
  • #902,069
  • Jun 2, 2014 11:32pm Jun 2, 2014 11:32pm
Quoting Vachus
I could be wrong, but today might be the last time in the coming 6-12 month to ever see the $1.358 (Figure) as the bottom ... It's still early, and most of the muppets here would wait for the price to move 200 pips then call it a top / bottom. In any case, we will know for sure by Asia's close tomorrow. Stick to your positions, and please ' No Time Machine Trading' {image}
So are you calling a move down? Looking at your chart, 1.34 looks reasonable considering the double top last month. Currently I'm long looking to scalp a move across the 21 MA but I do not believe EUR is going to strengthen during summer bigger picture.
  • #902,070
  • Jun 2, 2014 11:43pm Jun 2, 2014 11:43pm
Quoting Vachus
I could be wrong, but today might be the last time in the coming 6-12 month to ever see the $1.358 (Figure) as the bottom ... It's still early, and most of the muppets here would wait for the price to move 200 pips then call it a top / bottom. In any case, we will know for sure by Asia's close tomorrow. Stick to your positions, and please ' No Time Machine Trading' {image}

Why the Asia session? In the last 6 months this pair struggles to move more than 15 pips the entire session.
"Don't get caught trading wheat in the corn pit"
  • #902,071
  • Jun 2, 2014 11:59pm Jun 2, 2014 11:59pm
Quoting milam
{quote} Thank you, I will when I can.......Keep in mind that it take a great effort to do what I do, it takes focus out of my concentration, sometime I also call live trades which takes greater effort, also I have to deal with incompetent responses from the thread some time to time..... believe me it is all done out of generosity...not ego trip ......I would like to show to whom likes to learn.......that there is not secret in trading.....not holy grail to be found........but only in ourself..........this way of trading can be successful if we learn...
thanks, keep it.
  • #902,072
  • Jun 3, 2014 12:01am Jun 3, 2014 12:01am
I think 1.4500 is a reasonable take profit target with sl just below 1.3500, unless one wants to keep him/herself busy trading until it happens.
The Thief of Wall Street
  • #902,073
  • Jun 3, 2014 12:03am Jun 3, 2014 12:03am
Quoting Chicky
I think 1.4500 is a reasonable take profit target with sl just below 1.3500, unless one wants to keep him/herself busy trading until it happens.

how long do you reckon it would take the price to get that high just wondering?
Luck is what happens when preparation meets opportunity
  • #902,074
  • Jun 3, 2014 12:04am Jun 3, 2014 12:04am
has it moved y
e
t
zzzzzzzzzzzzzzzzzz
Attached Image
If you are new to Forex? Say Goodbye to your account!!
  • #902,075
  • Jun 3, 2014 12:06am Jun 3, 2014 12:06am
Quoting Chicky
I think 1.4500 is a reasonable take profit target with sl just below 1.3500, unless one wants to keep him/herself busy trading until it happens.
I didn't mean to focus on the price but rather the direction. I hope you keep yourself busy
  • #902,076
  • Jun 3, 2014 12:13am Jun 3, 2014 12:13am
Quoting milam
{quote} Thank you, I will when I can.......Keep in mind that it take a great effort to do what I do, it takes focus out of my concentration, sometime I also call live trades which takes greater effort, also I have to deal with incompetent responses from the thread some time to time..... believe me it is all done out of generosity...not ego trip ......I would like to show to whom likes to learn.......that there is not secret in trading.....not holy grail to be found........but only in ourself..........this way of trading can be successful if we learn...
Thanks for this explanation, much appreciated. I particularly like the analogy of entering when one party lets go of the rope!

I see you are mainly using the 5 minute timeframe, also my favourite.

Some time ago you offered Vachus a book about scalping. I would be very much interested in it too, please.
  • #902,077
  • Jun 3, 2014 1:05am Jun 3, 2014 1:05am
Quoting ikdenk
{quote} Thanks for this explanation, much appreciated. I particularly like the analogy of entering when one party lets go of the rope! I see you are mainly using the 5 minute timeframe, also my favourite. Some time ago you offered Vachus a book about scalping. I would be very much interested in it too, please.
done
Wherever you go, there you are.
  • #902,078
  • Jun 3, 2014 1:06am Jun 3, 2014 1:06am
Quoting KiwiTrada
has it moved y e t zzzzzzzzzzzzzzzzzz {image}
That is not you.....You are a warrior...
Wherever you go, there you are.
  • #902,079
  • Jun 3, 2014 1:36am Jun 3, 2014 1:36am
Quoting milam
{quote} done

Thanks, much appreciated.

I am also a fan of Bob Volman - Forex Price Action Scalping.
  • #902,080
  • Jun 3, 2014 1:41am Jun 3, 2014 1:41am
less than 10 pip changes in one hour! have good nap
1,254 traders viewing now