EURUSD | Page 45628 | 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

  • #912,541
  • Jul 25, 2014 9:37am Jul 25, 2014 9:37am
Quoting PayTheLimit
{quote} I think I''ll take some flyers at 137.28 and risk just a few...
i heard russia has placed some shells over ukraine. that is probably not helping the euro.
those who can, do. those who cant, talk about those who can
  • #912,542
  • Jul 25, 2014 9:46am Jul 25, 2014 9:46am
Quoting gatorinla
{quote} i heard russia has placed some shells over ukraine. that is probably not helping the euro.
I bet Mario Draghi is really happy with himself...
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #912,543
  • Edited 10:20am Jul 25, 2014 9:48am | Edited 10:20am
Quoting Magicmen
{quote} This is the last chance for us. If it goes below 3399 then accept the loss
its hard for some to do that. if one cannot, trading is probably not for them. they fool themselves into thinking they can manage a losing trade. i see one atm has a 61k loss on a demo. a mule that shits fast, dont shit long.
those who can, do. those who cant, talk about those who can
  • #912,544
  • Jul 25, 2014 9:50am Jul 25, 2014 9:50am
When people start thinking about unloading there longs to go short.. makes me think.. is that the time when the market would flip so the same people would be stuck with opposite orders most of the time?... hmm...
Focus, Patience, Determination & Order in chaos
  • #912,545
  • Jul 25, 2014 9:52am Jul 25, 2014 9:52am
Quoting saver0
When people start thinking about unloading there longs to go short.. makes me think.. is that the time when the market would flip so the same people would be stuck with opposite orders most of the time?... hmm...
Yep, next week might be bullish, wouldn't be the first friday and its week's bottom to turn the short term trend.
Everyone can see the chart, but only a few can actually read it.
  • #912,546
  • Jul 25, 2014 9:56am Jul 25, 2014 9:56am
I didn't really ask this but I want your option about trades I have been following for the past month. If you've been trading for over a year I would like to hear your sincere opinion. I am very cautious and didn't use much of the leverage besides one trade. Please let me know, FX Trades
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #912,547
  • Jul 25, 2014 9:58am Jul 25, 2014 9:58am
Quoting MaxDoom
{quote} 1.337x but there are easy number all the way to 1.322x if you are sitting on longs, you might want to think about.... are your chances of recovery greater than closing and the gains to be had from new trades
Thanks a lot Maxdoom for reply me back. Now I started getting more worried, if that number goes that down .... Don't know how can I save my account. There are too many longs and all are from 36... The reason I am taking new trade and closing cause I do not understand what could be the next stop, I ... and every time hoping that market will go up where clearly I am wrong....

Anyway thanks for your valuable reply ...
  • #912,548
  • Jul 25, 2014 9:59am Jul 25, 2014 9:59am
85% of FF lots Long!
Guys would you please close your longs so we can finally go up! LOL
Please. Pretty please.
Practitioner of the cryptic trading arts
  • #912,549
  • Jul 25, 2014 10:01am Jul 25, 2014 10:01am
Quoting saver0
When people start thinking about unloading there longs to go short.. makes me think.. is that the time when the market would flip so the same people would be stuck with opposite orders most of the time?... hmm...
That's one of the biggest issues for a trader to face, isn't it?
It involves all sorts of issues: timeframe, method, state of mind... etc.

If entered long and it went against me, was I long right at the old resistence? it goes up 20+ pips... 30+ pips?
To me if it was EU, Cloggie taught me yeeeeaaaars ago that EU moved in beats of 20 and 40 pips on average. So even on a daily ATR of 100-120, you would have 5 chances to pick up some wave of some kind.

No point reversing a losing position at 3pm expecting a 60 pip move to recover your drawdown, right?
At the same time.... if you were down 60 pips.... at what point did you know you were wrong? 10,20,30?

Hope this poses good questions for newbies. We've all been there.
A pip is only worth it if you know how much you risked to earn it
  • #912,550
  • Jul 25, 2014 10:02am Jul 25, 2014 10:02am
Quoting Endoephemera
85% of FF lots Long! Guys would you please close your longs so we can finally go up! LOL Please. Pretty please.




But maybe 85% long means, this could drop more... haha

Next week most likely be a shakeout.. flat if this is to go up.. where the longs will close there trades and go short while the big money load up on longs without anyone detecting anything. So in 2 weeks its possible to see a good bull run IF we have consolidation next week. Don't go long like me until you see this I always tend to be too early for the party.. haha wait.. where is everybody.. haha
Focus, Patience, Determination & Order in chaos
  • #912,551
  • Jul 25, 2014 10:05am Jul 25, 2014 10:05am
Quoting Panco
I didn't really ask this but I want your option about trades I have been following for the past month. If you've been trading for over a year I would like to hear your sincere opinion. I am very cautious and didn't use much of the leverage besides one trade. Please let me know, FX Trades
Anyone? Please?
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #912,552
  • Jul 25, 2014 10:07am Jul 25, 2014 10:07am
Quoting Endoephemera
85% of FF lots Long! Guys would you please close your longs so we can finally go up! LOL Please. Pretty please.
How far can you hold your trades...?
  • #912,553
  • Jul 25, 2014 10:19am Jul 25, 2014 10:19am
Quoting gatorinla
{quote} its hard for some to do that. if one cannot, trading is probably not for them. they fool themselves into thinking they can manage a losing trade. i see one atm has a 61k loss on a demo. a mule hat shits fast, dont shit long.
Very true - Money management is critical in forex.

Closed hedging. If required will open @3461.
  • #912,554
  • Jul 25, 2014 10:28am Jul 25, 2014 10:28am
Quoting Panco
I didn't really ask this but I want your option about trades I have been following for the past month. If you've been trading for over a year I would like to hear your sincere opinion. I am very cautious and didn't use much of the leverage besides one trade. Please let me know, FX Trades

To be honest .. .The Best part is too accept the loss now rather than later.
I just got a margin call this week ... Loss $11.5K .. for refusing to set Stop Loss...
Didn't think EA would drop 230 pips ...
After the margin call in 1.5 day ... I gained back $5K ....
We all have to get over with our loss and accepted it ...
The market might reverse in your favor .. but when?
How much is the reverse? I, sometime try to answer those questions too.

In order to survive in this market, you need to accept loss.
Set a % you're comfortable with, I'm so mad at myself for winning for whole month.
And lost it all because of one stupid trade and refusing to take a loss.

I hope this will help you from my experiences.
  • #912,555
  • Jul 25, 2014 10:28am Jul 25, 2014 10:28am
Quoting Magicmen
{quote} Very true - Money management is critical in forex. Closed hedging. If required will open @3461.
You are long?
  • #912,556
  • Jul 25, 2014 10:28am Jul 25, 2014 10:28am
i expect continuation of downtrend for the next week too
  • #912,557
  • Jul 25, 2014 10:30am Jul 25, 2014 10:30am
Quoting gatorinla
s/o ej hours ago 136.97,, watching 136.67/70 ish. still flat eu, still looking to sell a decent bounce that may never come
as long as the low holds now and we now break the last high... on a retrace i will be looking for a reason to L only
those who can, do. those who cant, talk about those who can
  • #912,558
  • Jul 25, 2014 10:31am Jul 25, 2014 10:31am
Quoting Nan-ook
{quote} You are long?
Yes sir. Initial @3522 (No SL) Latest @3529 (SL=3526)

Edit: Now my avg 3481
  • #912,559
  • Jul 25, 2014 10:41am Jul 25, 2014 10:41am
Quoting Magicmen
{quote} Yes sir. Initial @3522 (No SL) Latest @3529 (SL=3526) Edit: Now my avg 3481
I don't know if avg loss is a good idea (I got killed badly by it)

But by the look at it .. it will continue downtrend ...
Look at $A it suppose to be very strong ...All positive data...
But it drop about 60 pips from last high

Euro might follow and hit harder downtrend.

Maybe I should start thinking to short UJ .... Look at how strong USD get ...
And UJ not moving up much ...
  • #912,560
  • Jul 25, 2014 10:48am Jul 25, 2014 10:48am
Think several here are doing he same mistake as me going for the small pips than looking at the trend which is down. It may take some time but it wil go down.

Everyday I recive a tecnical advice and a fudamental advice from my bank. Looking backwards we can se on the technical EUR/USD it is in and out again on the stoplosses. Not easy to earn any money on that.

However on the fudamenting advises it has been much more correct looking for the trend and economic situation. It can take some time but it is always right in the end.

From my bank today:
With such a backdrop, I can not see a different outcome than the weaker EURUSD ahead. If we get a break of 1.3450 will we be able to approach the 1.31 level during weeks and then 1.28. It may however be that the market wants to hear about rate hikes from Yellen & Co. prior to movement, but I am confident that it will.
3,183 traders viewing now