EURUSD | Page 45559 | 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

  • #911,161
  • Jul 17, 2014 9:17am Jul 17, 2014 9:17am
Quoting newb123
Again I'm only 2 months into this but I have a question. Why do some of you only stick to EUR/USD? There just doesn't seem to be movement there. Everywhere I've read it seems like thats where people seem to hang out because of "stability" and other such reasons. I'm not challenging any of you, I just don't get it. I've taken some advice from everyone's posts and I've got an order in for EUR/USD at 1.35. It's a small order as I'm not comfortable with the EUR/USD thing. Also keep in mind i'm playing with funny money but I am taking this very seriously....
Some guys just like to stay and master one or two pairs. Every pair behaves in a certain way, and if you focus on one you will getter a better feel for the movements. I personally stick with the 7-8 majors. My main pair is GBPUSD and EURUSD, but i made my money today on gold..
173,47 on the old beast GBPJPY is a good price, but watch it as daily look weird. USDCAD is to slow...
I don't even have a cool signature
  • #911,162
  • Jul 17, 2014 9:19am Jul 17, 2014 9:19am
Quoting Magicmen
{quote} This is the moment for high leverage tight stop loss. Enjoy.
how high leverage that u practise ? care to share?
  • #911,163
  • Jul 17, 2014 9:20am Jul 17, 2014 9:20am
Quoting saver0
Look at how well EU defended the 1.352 support even with good news for USD. I'm sensing a strong bull move
But...USD news move was a sneeze

Agree on UJ, i think minimal target is 101.6, which is about 7 pips up from here.
  • #911,164
  • Jul 17, 2014 9:20am Jul 17, 2014 9:20am
Quoting NoCoolNick
{quote} Some guys just like to stay and master one or two pairs. Every pair behaves in a certain way, and if you focus on one you will getter a better feel for the movements. I personally stick with the 7-8 majors. My main pair is GBPUSD and EURUSD, but i made my money today on gold.. 173,47 on the old beast GBPJPY is a good price, but watch it as daily look weird. USDCAD is to slow...
Thank you for the insight.
  • #911,165
  • Jul 17, 2014 9:22am Jul 17, 2014 9:22am
What will be first, break or at least testing 1,3540 or crushing 1,3520 area? My longs are looking for the first, but it really sucks. Cable is just as sleepy..
I don't even have a cool signature
  • #911,166
  • Jul 17, 2014 9:28am Jul 17, 2014 9:28am
Quoting janpec1000
{quote} But...USD news move was a sneeze Agree on UJ, i think minimal target is 101.6, which is about 7 pips up from here.
Yup, EU took the USD news as a sneeze but other pairs like USDCAD, USDCHF, USDJPY, I think they felt it like a 20mph wind.. hehe It was just interesting to see how much the news moved all the USD pairs and how EURUSD and GBPUSD didn't care for it so much. It means that there were probably big money buying in on sell orders, hence why the price didn't move much. Also that's what my velocity indicator detected. As the price went down with the news, the velocity actually increased indicating that buyers came in. They found the news to be good buying opportunities. That's my reasoning Anyways.. it could certainly play out either way.. I personally would have liked to see this drop to 1.350. That's when I plan to pick up more.

By the way, I took a small short on UJ. I think it will see 101.46 area again
Focus, Patience, Determination & Order in chaos
  • #911,167
  • Jul 17, 2014 9:29am Jul 17, 2014 9:29am
Quoting arinforex
{quote} how high leverage that u practise ? care to share?
I have leveraged 40x during off peak hours (ranging). Remaining 10x for normal intra day.

Yesterday was a good example.

1) 5x @3628 (still open)
2) Another 5x @3622. Closed at 3632. SL 3619
3) Another 40x @3638. Closed at 3628. SL 3643
  • #911,168
  • Jul 17, 2014 9:47am Jul 17, 2014 9:47am
Magicman, I hope you know what you're doing, this leverage could know the hell out of your account. I posted this in GBPUSD but I read something about managing an excessive drawdown, highly recommended, Managing an Excessive Drawdown
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #911,169
  • Jul 17, 2014 9:50am Jul 17, 2014 9:50am
Quoting arinforex
{quote} because we can afford to leverage 1 pips = 100 usd due to the slow movement and low spread.
Not many people are able or willing to use 10.00 lot size on E/U So I wouldn't say that is the reason to trade it. I personally trade E/U only when it is breakout, but compared to other eur pairs... EUR/USD is by far one of the most borning currencies to trade.
Banks scalp, why don't you?
  • #911,170
  • Jul 17, 2014 9:54am Jul 17, 2014 9:54am
Quoting KiwiTrada
{quote} yep Im thinking thats a good idea, too much ranging going on, cbale did ok geppy did ok kiwi and eu just rolling east down but east tomorrow looks like another crap day too, might call it for the week, happy pip hunting
fridays are always crazpy!
  • #911,171
  • Jul 17, 2014 9:54am Jul 17, 2014 9:54am
Quoting saver0
{quote} Yup, EU took the USD news as a sneeze but other pairs like USDCAD, USDCHF, USDJPY, I think they felt it like a 20mph wind.. hehe It was just interesting to see how much the news moved all the USD pairs and how EURUSD and GBPUSD didn't care for it so much. It means that there were probably big money buying in on sell orders, hence why the price didn't move much. Also that's what my velocity indicator detected. As the price went down with the news, the velocity actually increased indicating that buyers came in. They found the news to be good...

Most traders are sitting at that price looking to buy. If that is truly the overall sentiment of the market, then E/U will pop up, and cause those buyers to either chase, or sit on their hands a bit further. I would say that most of the traders are fustrated as of this moment because most haven't been able to take a position. The buyers are looking for a price lower then the current price, and he buyers aren't getting the price action which will indicate a strong move up.

If you look at the 1h chart, you will notice that EU has formed the same formation it did when Mario draugi made his speech 2 months ago. We had the move down, accumulation, and another wave down... We've seen the same thing the last two trading days for EU....
Banks scalp, why don't you?
  • #911,172
  • Jul 17, 2014 10:01am Jul 17, 2014 10:01am
Quoting CholiPop
{quote} If you look at the 1h chart, you will notice that EU has formed the same formation it did when Mario draugi made his speech 2 months ago. We had the move down, accumulation, and another wave down... We've seen the same thing the last two trading days for EU....
Totally agree with this. After a period of consolidation above 1.3580, it's gone down and had just 2 pauses. Why would this signal a change in trend if there are more powerful prices to take a position below? 3 days below daily pivot is indicative of lower moves to me.
A pip is only worth it if you know how much you risked to earn it
  • #911,173
  • Jul 17, 2014 10:02am Jul 17, 2014 10:02am
Quoting Panco
Magicman, I hope you know what you're doing, this leverage could know the hell out of your account. I posted this in GBPUSD but I read something about managing an excessive drawdown, highly recommended, Managing an Excessive Drawdown
Yes Sir. I am in full control. I never blew more than a week's profit.

Edit: While talking, I add one more long @3618 (5x) temporaly SL 3480
  • #911,174
  • Jul 17, 2014 10:03am Jul 17, 2014 10:03am
Quoting FXMastermind
Quick update on my positioning: short bias held until .3650 is broken 2 short positions: .3691 and .3647. Target unchanged, .351x
So here goes my target. Covering @3515, booking 176 and 132 pips respectively. Took some time but worth waiting for.

Might try a contrarian long @3502 with a small position but I fancy more a new short @3585 area.

Cheers, FXM
Quant Hedge Fund CEO
  • #911,175
  • Jul 17, 2014 10:04am Jul 17, 2014 10:04am
Quoting gatorinla
if we can hit 3519 now on this atm drop.. a possible s may develop on the bounce (3529/3539) then a attempt to 3500...atm at 3522
ouch!

Waiting for it at 1.3514... what the f**k is it waiting for to get there? Just don't go up without me!

I think it won't. It wants to get to 1.3502.
Visit my Drumming & Percussion Blog - DrumsCult com
  • #911,176
  • Jul 17, 2014 10:07am Jul 17, 2014 10:07am
still i hold long position 1.35479 a nd now i feel very cool reject (last reject from wave of rejects in last few days) about 1.3520.
i think we can going to 1.3594x and more up.

That is my feel.
thank you for your comment.
  • #911,177
  • Jul 17, 2014 10:08am Jul 17, 2014 10:08am
Normally, I don't post short scalping. It affects your performance and this thread.
  • #911,178
  • Jul 17, 2014 10:13am Jul 17, 2014 10:13am
Hehe same play saver0, took 2 pips on short, should have stayed longer, was playing of M1, didnt scale on M5.
Now here is what i play:
http://prntscr.com/43lkl7
  • #911,179
  • Jul 17, 2014 10:14am Jul 17, 2014 10:14am
Quoting CholiPop
{quote} Most traders are sitting at that price looking to buy. If that is truly the overall sentiment of the market, then E/U will pop up, and cause those buyers to either chase, or sit on their hands a bit further. I would say that most of the traders are fustrated as of this moment because most haven't been able to take a position. The buyers are looking for a price lower then the current price, and he buyers aren't getting the price action which will indicate a strong move up. If you look at the 1h chart, you will notice that EU has formed the...
Yes, I agree with you. Very valid point

A safe long entry would be to see the price make a higher low. I usually take an early trade, get my feet in the water. I'm fine with a bit of draw down. This sometimes let me catch quick ones and sometimes even big ones. My way is a bit risky to trade but I'm very confident with my trades because of the things that I use and developed over the years hehe
Focus, Patience, Determination & Order in chaos
  • #911,180
  • Jul 17, 2014 10:14am Jul 17, 2014 10:14am
Quoting Magicmen
Normally, I don't post short scalping. It affects your performance and this thread.
did high leverage just now. lost a lot. sigh
375 traders viewing now, 1 is registered:
porto14