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EURUSD

  • #923,721
  • Sep 13, 2014 6:30am Sep 13, 2014 6:30am
EURUSD had a dramatic week, falling once again and losing the 1.30 psychology level as the ECB surprised with strong measures. Will we see more falls or can a correction be expected now?
Want to learn more: HTO Trading
  • #923,722
  • Edited 7:11am Sep 13, 2014 6:52am | Edited 7:11am
Quoting ericnyamu
{quote} sure way to blow up an account
I don't really understand You, dear trader.

First of all I wrote:
no1.: because of weekly close and low vol. it might be a false signal.
no2.: I mentioned that it might be just a small move (=set SL into entry+commission in case of fail)

But:
no1.: it reached the mentioned fib level 50%, and finished the week pointing even higher.
no2.: thanks for the exact comment.

So tell me dear Troll Nyamu from Kenya, what is your view and why?
Van bármi ötleted azon kívül, hogy mindenkinek megmondod a frankót?
f(z)=z2+c
  • #923,723
  • Sep 13, 2014 6:55am Sep 13, 2014 6:55am
Quoting pedro319
{quote} USDJPY I am beginning to think that this move could extend to 111.00 area, yearly R1 + 1.618 Ext Weekly chart from Nov 2013 top and that goes in line with everything I see elsewhere, of course in FX things do change abruptly most of the time, but at least I know that with no solid reversal daily / 4 hours signs there is no point to even contemplate the idea. AUDUSD Price broke below 50% Ret Weekly and MS3 and now 0.8983 (61.8) is on the cards. I will be very aware of any reversal candles namely 4 hrs and daily around that area for eventual...
very nice..
i think the same way too
Forex as Leverage
  • #923,724
  • Sep 13, 2014 7:37am Sep 13, 2014 7:37am
Quoting Ullen
{quote} I wasn't talking about you. I was talking about myself. I am 18 years old and trade for fun. I don't know if you trade for fun or not, and it is non of my business. Good pips for you
That's a good attitude to have, and if you decide to stick with it- starting so early in life can be a big advantage.
----
Things certainly looking good for bulls- but FOMC next week can bring anything. Best to wait for confirmation. Perfect scenario if you ask me would be a 50% retrace of the hammer wick, then bullish engulfing. The busted hammer at the 50% is very suspicious...especially with FOMC next week. I would expect we make a HH at least because of FOMC volatility, so be careful not to get caught in a bull trap. It's not uncommon for EU to spike up AND down 50 pips, then choose a direction for 150+.

That's how I'll be trading at least. Take for what you want.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-w1-oanda-division1.png Size: 50 KB
  • #923,725
  • Sep 13, 2014 8:15am Sep 13, 2014 8:15am
Quoting hathor
{quote} The weekly signal I was talking about: See the Dracula teeth on the very left side on my lovely 'Diablo indi'? And see the Dracula teeth finished this week? And also note the right teeth is longer, than the left? So spooky!! {image}
whats up with the secret indicators?
I don't even have a cool signature
  • #923,726
  • Sep 13, 2014 8:24am Sep 13, 2014 8:24am
Quoting hathor
{quote} The weekly signal I was talking about: See the Dracula teeth on the very left side on my lovely 'Diablo indi'? And see the Dracula teeth finished this week? And also note the right teeth is longer, than the left? So spooky!! {image}
wtf am I looking at here?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-oanda-division1.png Size: 44 KB
  • #923,727
  • Sep 13, 2014 8:33am Sep 13, 2014 8:33am
Quoting ericnyamu
{quote} am guessing you are day trading.ifnot thats pretty dangerous trying to pick a top
If youre experience you can pick a top for 10 to 60pips before its taken out. Check your charts for examples. Tops are not always taken out at first attemp. Im long biased overall
  • #923,728
  • Sep 13, 2014 10:26am Sep 13, 2014 10:26am
Quoting ericnyamu
SOME OF YOU bears are really funny. On the weekly chart we have a close ABOVE last week's close . on the Daily chart we have a closes ABOVE the previous day's close and you still want to short ? well i guess somebody has to loose for me to win
Since 3990 we had 6 weekly closes above the last week's and we had bigger bullish weekly candles, even 2 in a row, which made people think a reversal is happening. You know what happened after each? A big dump of euro. Just trade the trend, whatever it is and it is not bullish, yet, not even close.
Everyone can see the chart, but only a few can actually read it.
  • #923,729
  • Sep 13, 2014 10:29am Sep 13, 2014 10:29am
Quoting ericnyamu
{quote} JP Morgan says this,Wellsfargo says that BOA said that MIG banks is saying that . who do you believe.?trade the charts . trade what you see.
Ok, you are new to forex, as I see. When a bank says 300 pips up, you can bet your house on 300 pips down, always been like that.
Everyone can see the chart, but only a few can actually read it.
  • #923,730
  • Edited 11:33am Sep 13, 2014 11:21am | Edited 11:33am
Got some updates.. Not sure i got all of them.

September 03, 06:21 AM – Morgan Stanley adjusted stop from 1.32 to 1.317 on its EUR/USD Short (Short-Term)
September 05, 01:42 AM – Danske placed an active limit order to Short EUR/USD at 1.2972, with a target at 1.2788 and a stop at 1.3045 (Short-Term)
September 05, 03:47 AM – Credit Suisse placed an active limit order to Short EUR/USD at 1.301, with a target at 1.279 and a stop at 1.307 (Short-Term)
September 05, 05:02 AM – Morgan Stanley placed an active limit order to Short EUR/USD at 1.304, with a target at 1.25 and a stop at 1.314 (Short-Term)
September 08, 01:58 PM – Citi entered EUR/USD Short at 1.2908, with a target at 1.22 and a stop at 1.32 (Medium-Term)
September 09, 06:00 PM – Citi entered EUR/USD Short at 1.2889, with a target at 1.22 and a stop at 1.32 (Long-Term)
September 10, 05:28 AM – Danske hit profit-stop on its EUR/USD Short circa 1.2961 (Short-Term) at a profit of +11 pips
September 11, --:-- AM - Forex Intel: Short-term Bullish US Dollar Positions Cancelled Against A Potential Longer-Term Fundamental Adverse Development.

Looks like we should not expect any major move up and we are in a weak ascending channel, just like june..
(had a better chart for this, but i can't get to it right now, but i think it was something like the one below.)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1_13.png Size: 45 KB
I don't even have a cool signature
  • #923,731
  • Sep 13, 2014 11:44am Sep 13, 2014 11:44am
Quoting NoCoolNick
Got some updates.. Not sure i got all of them. September 03, 06:21 AM – Morgan Stanley adjusted stop from 1.32 to 1.317 on its EUR/USD Short (Short-Term) September 05, 01:42 AM – Danske placed an active limit order to Short EUR/USD at 1.2972, with a target at 1.2788 and a stop at 1.3045 (Short-Term) September 05, 03:47 AM – Credit Suisse placed an active limit order to Short EUR/USD at 1.301, with a target at 1.279 and a stop at 1.307 (Short-Term) September 05, 05:02 AM – Morgan Stanley placed an active limit order to Short EUR/USD at 1.304, with...
Isn't that considered inside/sensitive/restricted information?
Why sell the bottoms when you can buy the tops...
  • #923,732
  • Sep 13, 2014 12:13pm Sep 13, 2014 12:13pm
Quoting JustAndy
{quote} Isn't that considered inside/sensitive/restricted information?
I know people in all the right places
Naaa... seriously, i think the info comes from a service. Trades are actually not inside/sensitive/restricted information, it's just harder to get info on the forexmarket. You have access to buyer and sellers in the stockmarket etc.. With the right "provider" you can get intermarket info easy.. big orderdepths and other useful info..
I don't even have a cool signature
  • #923,733
  • Sep 13, 2014 12:17pm Sep 13, 2014 12:17pm
Quoting Chicky
Shorted eurusd for unknown number of pips tp and sl. Logical sl should be 7 pips at 1.2927
Got trapped in this short, Italian data deceived me. It did give me a few pips on hitting tp just above 1.2910, but not worth the risk I took, bad r/r but got lucky. Then some scalping with very little luck. The major loss is losing about a week's long position from 1.2955. Now I am not sure .............. as always.

Betting on USD/JPY short for about 1,000 pips. That will require opening and closing several positions from here until whatever high it goes to. Good return even if one trade survives out of 10 or 12.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1.jpg Size: 63 KB
The Thief of Wall Street
  • #923,734
  • Sep 13, 2014 12:29pm Sep 13, 2014 12:29pm
Quoting Chicky
{quote} Got trapped in this short, Italian data deceived me. It did give me a few pips on hitting tp just above 1.2910, but not worth the risk I took, bad r/r but got lucky. Then some scalping with very little luck. The major loss is losing about a week's long position from 1.2955. Now I am not sure .............. as always. Betting on USD/JPY short for about 1,000 pips. That will require opening and closing several positions from here until whatever high it goes to. Good return even if one trade survives out of 10 or 12. {image}
The only issue with this usd/jpy position is that it is too close to 108.00, a good level for jpy and it may try to make an attempt
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1.jpg Size: 57 KB
The Thief of Wall Street
  • #923,735
  • Sep 13, 2014 12:30pm Sep 13, 2014 12:30pm
I see that there was a 15 pips down spike after the market closed for us hillbillies.
Why sell the bottoms when you can buy the tops...
  • #923,736
  • Sep 13, 2014 12:38pm Sep 13, 2014 12:38pm
Quoting JustAndy
I see that there was a 15 pips down spike after the market closed for us hillbillies.
Qualities of good information includes providing relevant details, for example name of the girl/pair, figure/level, age/time, dating place/broker, etc.
The Thief of Wall Street
  • #923,737
  • Sep 13, 2014 12:59pm Sep 13, 2014 12:59pm
Could be EURUSD is in for more "down periscope" action.

Attached Image (click to enlarge)
Click to Enlarge Name: Daily drop to major fib.png Size: 40 KB
  • #923,738
  • Sep 13, 2014 1:19pm Sep 13, 2014 1:19pm
Quoting NoCoolNick
Got some updates.. Not sure i got all of them. September 03, 06:21 AM – Morgan Stanley adjusted stop from 1.32 to 1.317 on its EUR/USD Short (Short-Term) September 05, 01:42 AM – Danske placed an active limit order to Short EUR/USD at 1.2972, with a target at 1.2788 and a stop at 1.3045 (Short-Term) September 05, 03:47 AM – Credit Suisse placed an active limit order to Short EUR/USD at 1.301, with a target at 1.279 and a stop at 1.307 (Short-Term) September 05, 05:02 AM – Morgan Stanley placed an active limit order to Short EUR/USD at 1.304, with...
this bank shorting surely . i bet its interns who are trading !
  • #923,739
  • Sep 13, 2014 1:19pm Sep 13, 2014 1:19pm
Quoting JustAndy
I see that there was a 15 pips down spike after the market closed for us hillbillies.
Not sure what you have seen Andy, on Alpari it was a jump up to 1.2963 in the last seconds.
  • #923,740
  • Sep 13, 2014 1:21pm Sep 13, 2014 1:21pm
Quoting ericnyamu
{quote} this bank shorting surely . i bet its interns who are trading !
Are they shorting or closing their long positions? Is this complete information? How do we know they don't have any long trades for amounts 100 times bigger than their shorts?
The Thief of Wall Street
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