EURUSD | Page 46053 | 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

  • #921,041
  • Sep 2, 2014 3:52am Sep 2, 2014 3:52am
Quoting mejo
Hi Max! Did you add any shorts this week or just holding old ones? regards
hey, did you get my pm?

added @ 3130 will add again below 3100 if the move holds

only other FX trade I have taken this week is long UJ
  • #921,042
  • Sep 2, 2014 3:55am Sep 2, 2014 3:55am
Quoting PayTheLimit
{quote} was, stopped out on the last push...you?
No but partial close the long ......

Strong move - someone knows something ....

http://www.forexfactory.com/attachme...1&d=1409651306
  • #921,043
  • Sep 2, 2014 4:05am Sep 2, 2014 4:05am
Quoting MaxDoom
{quote} hey, did you get my pm? added @ 3130 will add again below 3100 if the move holds only other FX trade I have taken this week is long UJ
yes i got it, thanks for info. i wanted to add on pivot but didnt push the button, didnt like the volatiliy...i am short from 1.3189, sl on be, covered half last week and still holding.
less is more
  • #921,044
  • Sep 2, 2014 4:11am Sep 2, 2014 4:11am
I think EUR/USD will reach 1.3100 and will test the support there but I don't believe it will be able to break below that level. The downward trend is exhausted. That said, if it does break below that level it might head to 1.3000
  • #921,045
  • Sep 2, 2014 4:15am Sep 2, 2014 4:15am
Quoting victoriajen
I think EUR/USD will reach 1.3100 and will test the support there but I don't believe it will be able to break below that level. The downward trend is exhausted. That said, if it does break below that level it might head to 1.3000
You think this trend is exhausted!?! LOL Pull that one out of your ass didnt you?!?! non commercials have the largest short net positions on EURO since July 2012! And growing! Never fight the trend! Just hop on and go!
All posts are my personal opinion
  • #921,046
  • Sep 2, 2014 4:21am Sep 2, 2014 4:21am
Quoting ampburner
7 consecutive weeks of downside on E/U... this is becoming too one sided if it finds a good enough catalyst around this area a short term bullish bounce is to be expected at least to 1.32xx overall though much downtrend much wow
On friday since the beggining of london, eu was supported. I was building long, which wiped later that day. Now everything became clear, it was not buying but reducing short anticipating us bank holiday. I miss this part since I do not follow news, I only take attention for timing. News often provide better price for entry or exit.

Previously I anticipate to take long around this on EU, but I did not see any buying above the level I want. While it was premature to say no demand below or this pair will go down or up. It was clear that market was hesistant to move faster south, I did not see any precursor of reversal around here. The most probable cause of up move from here I could think of just because it lack liquidity, so a leg up to lure buyer and provide liquidity for another journey south. Seller are not sure if there is no buyer below because it was new area, plus it was nice to load short higher. By pushing price above they will reduce buyer below. This process start by pumping price and make buyer jump in so they wont miss the start of a bullish trend. Locking buyer above will make their buying power weaken below, and pushing below their SL would add momentum below or simply liquidity for seller to exit their position.
Closing short here would create too much demand, and seller profit would be reduced. It was okay to take long, but just do not except much. I could be wrong take this as another tale, you decide!
  • #921,047
  • Sep 2, 2014 4:28am Sep 2, 2014 4:28am
Quoting Rtm
{quote} You think this trend is exhausted!?! LOL Pull that one out of your ass didnt you?!?! non commercials have the largest short net positions on EURO since July 2012! And growing! Never fight the trend! Just hop on and go!
And soon the net short positions cant get bigger, because then we have no market or any to offer the shorts... So profittakning IS around the corner, question is what level.
I don't even have a cool signature
  • #921,048
  • Sep 2, 2014 4:31am Sep 2, 2014 4:31am
Quoting chazzle
{quote} Lower long entry filled at 13146 - wasn't expecting it today ...
added another down here, but still treading quite lightly
  • #921,049
  • Sep 2, 2014 4:33am Sep 2, 2014 4:33am
Quoting NoCoolNick
{quote} And soon the net short positions cant get bigger, because then we have no market or any to offer the shorts... So profittakning IS around the corner, question is what level.
With the way the US is going now and the crap shoot EURO is, why even care when or who take profit or a reversal you think is around the corner?! Just wait to get short. OR face =
Attached Image
All posts are my personal opinion
  • #921,050
  • Sep 2, 2014 4:37am Sep 2, 2014 4:37am
I know I know, some black swan is going to come in and EURUSD will spike and all the underwater longs will be saved and think they so smart and it is so easy to make in market.
All posts are my personal opinion
  • #921,051
  • Sep 2, 2014 4:43am Sep 2, 2014 4:43am
Quoting Passerby
{quote} On friday since the beggining of london, eu was supported. I was building long, which wiped later that day. Now everything became clear, it was not buying but reducing short anticipating us bank holiday. I miss this part since I do not follow news, I only take attention for timing. News often provide better price for entry or exit. Previously I anticipate to take long around this on EU, but I did not see any buying above the level I want. While it was premature to say no demand below or this pair will go down or up. It was clear that market...
... as mentioned above! market is so oversold now, that money needs to turn around. Supple and demand needs to level out. STILL, no turn is required by traders, and we can still go south, the trip down will soon get choppiesh freefallish as more and more traders are short and no one is buying /can buy. I know everyone is looking for 3000,2800,2500 but never in a straight line. Market needs to breathe and positions needs to level out a bit. It is as simple as that. Even in the worst bearish or bullish move in the past, price breathe and settles.. and usually when ratio shorts vs longs exceeds the 80-81% mark. Last figure i saw we were closing in on the 79 mark, should be at 80 now!
I don't even have a cool signature
  • #921,052
  • Sep 2, 2014 4:46am Sep 2, 2014 4:46am
Quoting ampburner
7 consecutive weeks of downside on E/U... this is becoming too one sided if it finds a good enough catalyst around this area a short term bullish bounce is to be expected at least to 1.32xx overall though much downtrend much wow
For me, the fact that retracements are shallow (horizontal consolidation at best) is an indication that the market waits for news to kick the pair lower systematically. 9 weeks ? big deal, It can go 9 more without giving any better entry positions for shorts. This pair is like stairs : horizontal, down, horizontal, down... Next step down will be the ISM. So many people a waiting for a bounce or a correction that my guess is that it won't happen. Market has changed.
  • #921,053
  • Sep 2, 2014 4:52am Sep 2, 2014 4:52am
Quoting Rtm
{quote} With the way the US is going now and the crap shoot EURO is, why even care when or who take profit or a reversal you think is around the corner?! Just wait to get short. OR face = {image}
The thing is there is a better price comming for shorts, no one said anything about the strength or the value of EUR or USD, that question will still be there if the price bounces to 3400 or stays here and go lower. In the end EURUSD will go much lower until macro says otherwise.

So why care.. take profit and get back in higher and gain more money again . Quite easy to understand.. or not?
I don't even have a cool signature
  • #921,054
  • Sep 2, 2014 4:52am Sep 2, 2014 4:52am
just gone short 1.3112 with a tp of 1.3107
  • #921,055
  • Sep 2, 2014 5:04am Sep 2, 2014 5:04am
Quoting NoCoolNick
{quote} The thing is there is a better price comming for shorts, no one said anything about the strength or the value of EUR or USD, that question will still be there if the price bounces to 3400 or stays here and go lower. In the end EURUSD will go much lower until macro says otherwise. So why care.. take profit and get back in higher and gain more money again . Quite easy to understand.. or not?
Or it could just drop to 3000 in the next few days or blow right past that and never go back up.. Why not just hop on the train right now instead of hoping it will come back someday
  • #921,056
  • Sep 2, 2014 5:13am Sep 2, 2014 5:13am
Quoting teddybomber
{quote} Or it could just drop to 3000 in the next few days or blow right past that and never go back up.. Why not just hop on the train right now instead of hoping it will come back someday
It could drop past.. it can go to 2500 first.. no one says it must bounce, usual normal- and sound market behaviour does. For anyone putting on a new short position now is getting a lot of risk, therefor a higher price reduce risk, and the reward is much better.
I don't even have a cool signature
  • #921,057
  • Sep 2, 2014 5:22am Sep 2, 2014 5:22am
haha, looks like we are at the point, when the very confident and successful bears start bullying bulls...the only reasonable option is to sell, I know...you are all right. I'm sorry because I would like to show you how stupid I am, because of showing the facts, that are against your view. I'm not trying to force you to long positions, I'm not trying to rape your entries...just purely share my view...I'm that kind of careful guy, who looks at his back even when I'm drunk, etc...I think we never know what will happen, and the most I can do is prepare for these unknown situations...You should be grateful because I help you to prove that your confidence is tough, and you can make money with no bad feelings.
enjoy your days and...sell!!
Attached Image (click to enlarge)
Click to Enlarge Name: sadpanda.png Size: 212 KB
f(z)=z2+c
  • #921,058
  • Sep 2, 2014 5:26am Sep 2, 2014 5:26am
Quoting hathor
haha, looks like we are at the point, when the very confident and successful bears start bullying bears...the only reasonable option is to sell, I know...you are all right. I'm sorry because I would like to show you how stupid I am, because of showing the facts, that are against your view. I'm not trying to force you to long positions, I'm not trying to rape your entries...just purely share my view...I'm that kind of careful guy, who looks at his back even when I'm drunk, etc...I think we never know what will happen, and the most I can do is prepare...
http://en.wikipedia.org/wiki/Depressive_realism is the key to success..
Probably the worlds best currency trader.
  • #921,059
  • Edited 5:39am Sep 2, 2014 5:26am | Edited 5:39am
Quoting NoCoolNick
{quote} The thing is there is a better price comming for shorts, no one said anything about the strength or the value of EUR or USD, that question will still be there if the price bounces to 3400 or stays here and go lower. In the end EURUSD will go much lower until macro says otherwise. So why care.. take profit and get back in higher and gain more money again . Quite easy to understand.. or not?
Why it must be EU, AU and UJ look more tradeable atm. I observe weakness on UJ atm, while we could not be sure it look far better chance and rr currently. You don't have levels here on EU, not a clear one at least. Why risk too much hoping for less. Come on, fx is not revolving only on EU. Even if you are locked in, where the is better price why note close it. Just admit that you are wrong, everyone always make mistakes, the thing separates the one reaping profit and one who gone for good is how they admit they are wong and move on to fight another day.

Ps: writing this post make me miss my entry by several pips on uj, its a hassle to post on andoid. A bit for lletters to appear, and my phone score 41k on antutu. UJ shirt from 959, tp sl not set yet.
  • #921,060
  • Sep 2, 2014 5:27am Sep 2, 2014 5:27am
Quoting NoCoolNick
Intraday low made? W formation on 5 min in progress..DS1 now res.. and broken.. Bullish divergence 1H,2H 4H (major) 8H(major) and 12H.. Could be that 3100 will not happen? or at least for today and tomorrow.. USDJPY pushing USDx to the limit.. gold on lows.. Cable looks like it could do a classic hit and run bottom. A lot of stuff going on.. 3117/8 must go on EURUSD
That move died... So 3100 will most likely be seen today as we still, 3 hours later, are near the lows.. And if it's just a number, 3080 will be here today. And if news driven 3055-3060 also. Then yearly support at 3053 will show up.
I don't even have a cool signature
354 traders viewing now