EURUSD | Page 46647 | 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

  • #932,921
  • Oct 31, 2014 10:56am Oct 31, 2014 10:56am
Quoting fxtyrant
{quote} yep bears setting up a trap for the bulls, when the bulls get their legs caught we'll just shoot them in the brains to end their misery.
exactly, the traps are in both side...its the game...so it's better to wait and do nothing.
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #932,922
  • Oct 31, 2014 11:01am Oct 31, 2014 11:01am
Quoting fxtyrant
{quote} ahh the 1.2480 thing comes with trading experience.... intuition tells me at Round numbers like 1.25 1.26 etc... there will always be orders placed if in a downtrend.... retail traders who are dumb enough to try their luck longing thinking its bottom will place Buy Limit orders at 1.25 thinking it wont go lower than 1.25 so when they get filled they usually.....................
Ah cool, didn't know that. can you tell me if im wrong here, so if its say at 12700 right, and its a downtrend it's good to just short till say 12680 or 12670 or something and then get out but you do not wanna buy around round numbers or close to round numbers? correct?
Edit: Oh and but how did you know 12480 was important? Is it some important support or something?
  • #932,923
  • Oct 31, 2014 11:04am Oct 31, 2014 11:04am
Quoting fxtradeabi
{quote} Ah cool, didn't know that. can you tell me if im wrong here, so if its say at 12700 right, and its a downtrend it's good to just short till say 12680 or 12670 or something and then get out but you do not wanna buy around round numbers or close to round numbers? correct?
say for an example u see market moving down from 1.28 to 1.27.... when it reaches 1.27 you may see it move as low as 1.2680 before it comes back up making it look like a spike low, then you should know there were orders that were placed below 1.27 that got triggered, and the bankers were gunning for them below 1.27
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #932,924
  • Oct 31, 2014 11:05am Oct 31, 2014 11:05am
Quoting fxtyrant
{quote} say for an example u see market moving down from 1.28 to 1.27.... when it reaches 1.27 you may see it move as low as 1.2680 before it comes back up making it look like a spike low, then you should know there were orders that were placed below 1.27 that got triggered, and the bankers were gunning for them below 1.27
gotcha! yeah i get it now, cheers
  • #932,925
  • Oct 31, 2014 11:17am Oct 31, 2014 11:17am
brilliant... perhaps BOJ's surprise move would inspire ECB to do the same....
afterall BOJ is combating against deflation... something ECB is very concerned about as Europe edges very close to deflation...

"Analysts at BNP Paribas are out with a trade recommendation.
They say to sell EUR/USD ahead of next week’s ECB decision. They anticipated the ECB will deliver a “significant” policy signal and target 1.18 (spot at 1.2520). They put a stop at 1.2800."
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #932,926
  • Oct 31, 2014 11:31am Oct 31, 2014 11:31am
Quoting fxtyrant
{quote} well maybe im oldschool but i never trade anything with a risk reward ratio lower than 1.... counter trend trades at best can only give you 1:1

It's not in school,just there 's many people who MUST earn something every day and can't wait good entrance few days,maybe it wont come or miss it...I am today 20% in+ of my acc,but everything goes on stupid loans and noting to invest,always in stress!
It will be nice to have big acc and earn 20% monthly but.....
  • #932,927
  • Oct 31, 2014 11:33am Oct 31, 2014 11:33am
Quoting Beli
{quote} It's not in school,just there 's many people who MUST earn something every day and can't wait good entrance few days,maybe it wont come or miss it...I am today 20% in+ of my acc,but everything goes on stupid loans and noting to invest,always in stress! It will be nice to have big acc and earn 20% monthly but.....
life lesson 101 i got taught by my parents.
never be in debt, ie loans and mortgages.

and always invest in something that generates future cash flow.
ie, bonds, equities, funds, real estates etc etc....
soo avoid gold, etc etc....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #932,928
  • Oct 31, 2014 11:36am Oct 31, 2014 11:36am
Quoting fxtyrant
{quote} ahh the 1.2480 thing comes with trading experience.... intuition tells me at Round numbers like 1.25 1.26 etc... there will always be orders placed if in a downtrend.... retail traders who are dumb enough to try their luck longing thinking its bottom will place Buy Limit orders at 1.25 thinking it wont go lower than 1.25 so when they get filled they usually use tight stop loss like 10-20 pips so pushing it to 1.2480 makes them lose 20 pips instantly... fast money for banks and brokers to pocket..... then you also got the Sell Stop orders......
We have almost same opinion...never at 00..
but I like 5 at the end of number
  • #932,929
  • Oct 31, 2014 11:38am Oct 31, 2014 11:38am
Quoting Beli
{quote} We have almost same opinion...never at 00.. but I like 5 at the end of number
major psychs are cool like 1.25, 1.20 etc

but some minor psych levels like 1.2250 works too....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #932,930
  • Oct 31, 2014 11:39am Oct 31, 2014 11:39am
Quoting Beli
{quote} It's not in school,just there 's many people who MUST earn something every day and can't wait good entrance few days,maybe it wont come or miss it...I am today 20% in+ of my acc,but everything goes on stupid loans and noting to invest,always in stress! It will be nice to have big acc and earn 20% monthly but.....
Quoting fxtyrant
{quote} life lesson 101 i got taught by my parents. never be in debt, ie loans and mortgages.
Tyrant is right, at least his parents The first rule to apply for the wealth : repay all debts and the second rule is save 10%¨of your monthly earnings.
Don't be smart. Be rich.
  • #932,931
  • Oct 31, 2014 11:39am Oct 31, 2014 11:39am
Quoting fxtyrant
{quote} life lesson 101 i got taught by my parents. never be in debt, ie loans and mortgages.


Unfortunately....have 30years loan for a house and two cash loans.
I have salary only 500euros and its very good for a living in my country but cant bay a house without a loan
  • #932,932
  • Oct 31, 2014 11:41am Oct 31, 2014 11:41am
Quoting fxtyrant
{quote} ahh the 1.2480 thing comes with trading experience.... intuition tells me at Round numbers like 1.25 1.26 etc... there will always be orders placed if in a downtrend.... retail traders who are dumb enough to try their luck longing thinking its bottom will place Buy Limit orders at 1.25 thinking it wont go lower than 1.25 so when they get filled they usually use tight stop loss like 10-20 pips so pushing it to 1.2480 makes them lose 20 pips instantly... fast money for banks and brokers to pocket..... then you also got the Sell Stop orders......

Here's the reason for reaction at 1.2480 - fresh untouched h4 demand formed at a swing low. Not real demand I might add, but a good place for sellers to take some profit. Same place looked good on daily too. Even more odds,

Attached Image (click to enlarge)
Click to Enlarge Name: 57aaa5c41f737b9fada517fe84899af1.png Size: 63 KB
  • #932,933
  • Oct 31, 2014 11:42am Oct 31, 2014 11:42am
Quoting fxtyrant
{quote} major psychs are cool like 1.25, 1.20 etc but some minor psych levels like 1.2250 works too....


I mean like....1.2485,1.2505,1.2595....
  • #932,934
  • Oct 31, 2014 11:42am Oct 31, 2014 11:42am
Quoting Beli
{quote} Unfortunately....have 30years loan for a house and two cash loans. I have salary only 500euros and its very good for a living in my country but cant bay a house without a loan
ur probably better off renting a house until you build up enough money to buy the house straight up on cash..... unless you are living in where real estates is super expensive like where i live.... Hong Kong.

Or London, New york, Paris, Tokyo.... then yea these places you'd be lucky enough to pay the first installment on your mortgage....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #932,935
  • Oct 31, 2014 11:43am Oct 31, 2014 11:43am
Quoting Beli
{quote} I mean like....1.2485,1.2505,1.2595....
thats just lik liking +/- 15 pips while i like +/- 20 pips...
but the idea is correct.... price never just stops at a psych level.... very often it spikes beyond and come back to it...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #932,936
  • Oct 31, 2014 11:45am Oct 31, 2014 11:45am
Quoting NaughtyPip
{quote} Here's the reason for reaction at 1.2480 - fresh untouched h4 demand formed at a swing low. Same place looked good on daily too. Even more odds, {image}
nice. that explained it too, well done in findidng the tech reason behind.

anyways anxiously watching that channel low, want to see a rejeciton where we are now....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #932,937
  • Oct 31, 2014 11:48am Oct 31, 2014 11:48am
Quoting maximinus
First sign of dollar reversal (hum hum) shorted GJ at 179.32.
SL @BE and TP 178.80

Good WE.
Don't be smart. Be rich.
  • #932,938
  • Oct 31, 2014 11:51am Oct 31, 2014 11:51am
Quoting fxtyrant
{quote} thats just lik liking +/- 15 pips while i like +/- 20 pips... but the idea is correct.... price never just stops at a psych level.... very often it spikes beyond and come back to it...

True,dont understand traders who think some round number is broken if price just touch it...
  • #932,939
  • Oct 31, 2014 11:55am Oct 31, 2014 11:55am
Quoting fxtyrant
{quote} say for an example u see market moving down from 1.28 to 1.27.... when it reaches 1.27 you may see it move as low as 1.2680 before it comes back up making it look like a spike low, then you should know there were orders that were placed below 1.27 that got triggered, and the bankers were gunning for them below 1.27
  • #932,940
  • Oct 31, 2014 11:59am Oct 31, 2014 11:59am
Quoting pedro319
{quote} GBPUSD Weekly Hammer still stands, until that is taken out my bias remains long. Price currently challenging 23.6 Ret 4 hrs chart at 1.6006. EURUSD Last setup worked for 20 pips and then price bounced off 38.2 Ret 4 hrs chart for another dive taking out my position. Until 1.25 remains I will be very aware.
Bought these two from support based on the above conviction, No need for huge stops.
If it comes back down will prepare plan for 1.2270 target on EUR, first Resistance 1.2554.
Pound same numbers.
We watch the charts from every angle so you don't have to!!
821 traders viewing now