EURUSD | Page 46006 | 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

  • #920,101
  • Aug 28, 2014 4:22am Aug 28, 2014 4:22am
Quoting Matts Micro
{quote} Had a pullback to BO point as expected now bulls should move in imo. {image}
Not to be an arse or anything, but you draw your trendline from top of wick to body of candle.. isn't that curvefitting?
I don't even have a cool signature
  • #920,102
  • Aug 28, 2014 4:25am Aug 28, 2014 4:25am
Quoting NoCoolNick
{quote} I like patterns as they give a name to a story being shown in the charts. BUT i want them to be clear, if fuzzy or you one needs to say "i might could be a...." then it proberbly is not..
Imo I think you will find the fuzzy ones are the best to trade. The obvious "perfect" setups seem to be the ones where the MM's know where to stop hunt and the setups tend to fail the most. Larger TF's ie daily/weekly are the exception however.
As the lights go by so too do the shadows move
  • #920,103
  • Aug 28, 2014 4:27am Aug 28, 2014 4:27am
Quoting NoCoolNick
{quote} Not to be an arse or anything, but you draw your trendline from top of wick to body of candle.. isn't that curvefitting?
If you look at the quoted post it is the same TL. I draw the TL where I see it relevant to the PA.
As the lights go by so too do the shadows move
  • #920,104
  • Aug 28, 2014 4:28am Aug 28, 2014 4:28am
My swing trade strategy:

Wait for this rebound and start shorting at 1,33 1,34 and 1,35 with low margin to target 1,30 and 1,2777 or lower on long term
Attached Image (click to enlarge)
Click to Enlarge Name: a euro copyright.PNG Size: 62 KB
Bavarian Trading FX
  • #920,105
  • Edited 5:02am Aug 28, 2014 4:32am | Edited 5:02am
The wicks on the last 3 hourly candles are trying to tell us something here
Why sell the bottoms when you can buy the tops...
  • #920,106
  • Aug 28, 2014 4:35am Aug 28, 2014 4:35am
Quoting JustAndy
The wicks on the last 3 hour candles are trying to tell us something here
Possibly.... it maybe one of those obvious setups I was just referring to, where the MM's are rubbing their hands in anticipation of all those stops...
As the lights go by so too do the shadows move
  • #920,107
  • Aug 28, 2014 4:36am Aug 28, 2014 4:36am
Quoting Matts Micro
{quote} Imo I think you will find the fuzzy ones are the best to trade. The obvious "perfect" setups seem to be the ones where the MM's know where to stop hunt and the setups tend to fail the most. Larger TF's ie daily/weekly are the exception however.
I agree that trendlines are tricky, one can find them fitting better in other angels etc.. a couple a years ago i noticed some guys was always drawing them from body to body and somehow it made sense.. but then it gets very timeframedependant, because the trendlines was drawn diferently on diferent timeframs.. so i went back to basics. But i like your theory on the stophunting.. wicks are wicks for a reason,
I don't even have a cool signature
  • #920,108
  • Aug 28, 2014 4:50am Aug 28, 2014 4:50am
Quoting ill_be_back
{quote}
I remain SHORT, but we will see shrimps and steaks BEFORE your weekly target
Fix up, trade sharp ...
  • #920,109
  • Aug 28, 2014 4:50am Aug 28, 2014 4:50am
Quoting NoCoolNick
{quote} I will now void my wedge due to fakeout. Taking a new wedge into play with lower trendline right now at 1.3200ish, break from that will target 3172. If we touch the trenline i will kill my previous short and enter back in if break confirmed.
Well touched, or not a perfect touch so i killed it before it gets away for -4 pips. Waiting for a new break, target is moving every minute but if break now it would be 1.3173, still ok.
I don't even have a cool signature
  • #920,110
  • Aug 28, 2014 4:54am Aug 28, 2014 4:54am
Quoting NoCoolNick
{quote} Well touched, or not a perfect touch so i killed it before it gets away for -4 pips. Waiting for a new break, target is moving every minute but if break now it would be 1.3173, still ok.
ofcourse.. broke 8 min after exit, but better safe than sorry. back short 1.3197 tp 1.3174 sl 3205 will most likely cut ½ at 1.3187 and move sl to be
I don't even have a cool signature
  • #920,111
  • Aug 28, 2014 4:54am Aug 28, 2014 4:54am
Quoting NoCoolNick
{quote} I agree that trendlines are tricky, one can find them fitting better in other angels etc.. a couple a years ago i noticed some guys was always drawing them from body to body and somehow it made sense.. but then it gets very timeframedependant, because the trendlines was drawn diferently on diferent timeframs.. so i went back to basics. But i like your theory on the stophunting.. wicks are wicks for a reason,
I find in drawing TL's to think about where PA stops rather than thinking of "bodies" or "wicks". When looking at H&S's particularly I start to look for reasons for a turn of the trend. It should be based around a strong daily/weekly TL (or a higher TF of the H&S). The trend normally wont turn on a pin head for no reason aside from fundamentals and even then it often correlates.

This could likely be just a st-mt turn imo as I can't seem to find a TL strong enough to turn the trend fully. The "aqua" TL is probably (from a quick look) a more likely place for a solid pullback imo.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd #53.png Size: 123 KB
As the lights go by so too do the shadows move
  • #920,112
  • Aug 28, 2014 4:59am Aug 28, 2014 4:59am
EU H1

trying long again
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.PNG Size: 34 KB
  • #920,113
  • Aug 28, 2014 5:02am Aug 28, 2014 5:02am
Quoting JustAndy
The wicks on the last 3 hourly candles are trying to tell us something here

Touché pussycat
Why sell the bottoms when you can buy the tops...
  • #920,114
  • Aug 28, 2014 5:05am Aug 28, 2014 5:05am
Quoting Hickson
{quote} I remain SHORT, but we will see shrimps and steaks BEFORE your weekly target
Good you are making money
A good trader follows his rules, but great trader knows when to break them
  • #920,115
  • Aug 28, 2014 5:05am Aug 28, 2014 5:05am
Quoting chazzle
EU H1 trying long again {image}
She can handle 3169ish or at least 3178 thats where i think i will bail my shorts it not going straight through thats 61.8 of this leg up, forgot that when placing my shorts.
I don't even have a cool signature
  • #920,116
  • Aug 28, 2014 5:07am Aug 28, 2014 5:07am
one more push and she can fly to the moon for all i care..
I don't even have a cool signature
  • #920,117
  • Aug 28, 2014 5:07am Aug 28, 2014 5:07am
Quoting ill_be_back
{quote} Good you are making money
If you are still SHORT I guess you will make more due to account size
Fix up, trade sharp ...
  • #920,118
  • Aug 28, 2014 5:10am Aug 28, 2014 5:10am
Quoting Hickson
{quote} If you are still SHORT I guess you will make more due to account size
Don't push more down please, I have long positions.
  • #920,119
  • Aug 28, 2014 5:12am Aug 28, 2014 5:12am
Quoting Hickson
{quote} If you are still SHORT I guess you will make more due to account size
Nope, My pending Sell did not trigger

Quoting ill_be_back
{quote} Scalping is the only way we can make some in this sideway market, Have a pending buy & sell EU Buy 1.31600 Sell 1.32411 Sell GJ 172.341
A good trader follows his rules, but great trader knows when to break them
  • #920,120
  • Aug 28, 2014 5:14am Aug 28, 2014 5:14am
nice move down
411 traders viewing now, 1 is registered:
Yaruki