EURUSD | Page 46917 | 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

  • #938,321
  • Nov 24, 2014 8:26am Nov 24, 2014 8:26am
Quoting PhAnTi'
{quote} I do have a lot respect for scalpers... 4-10 pip trades have about 10-20% spread costs.... this is huge..
naaah, just collateral

Quoting StopRunFx
{quote} Don't agree with this. For an intraday trader, every day is tradable that has a range of 30 pips or more. And there are very few days that don't. From intraday perspective, a scalp is 4-10 pips, anything above it is really a swing, and such swings will be found in any given day. Even if it is a small range day, catching a position for a breakout the following day is also meaningful. Of course, 10 or 20 trades every day is unrealistic and unnecessary, likely to lead to more mistakes than profit, but a few trades will be found practically...
business as usual, the only difference is in calculated Risk ratio..
  • #938,322
  • Nov 24, 2014 8:26am Nov 24, 2014 8:26am
Quoting mk5
which TFs do u guys usually trade on?
Weekly and Monthly are the best :-D
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #938,323
  • Nov 24, 2014 8:28am Nov 24, 2014 8:28am
Quoting Ken A
{quote} D o w n ...... {image}

Hero calls followed by margin calls...
  • #938,324
  • Nov 24, 2014 8:30am Nov 24, 2014 8:30am
EU 5M

Seeing a bear case for at least an expanding triangle range, 15+ pips. On the 1H chart, seeing the potential for the first moving average gap bar and a selloff to today's low, where I'd consider going long again.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-11-24 at 16.27.24.png Size: 34 KB
Click to Enlarge Name: Screen Shot 2014-11-24 at 16.25.50.png Size: 33 KB
"To the busy day / To the idle play"
  • #938,325
  • Nov 24, 2014 8:31am Nov 24, 2014 8:31am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 352 KB
Hero calls followed by margin calls...
  • #938,326
  • Nov 24, 2014 8:32am Nov 24, 2014 8:32am
Despite its descent on Friday EUR/USD reached the support level at 1.2350 and bounced back, forming what appears to be a double bottom on the daily filter chart, so a new movement to the upside is possible. On the other hand, the bearish trend is not over, so I doubt this is a long-term reversal. That said, a new drop will be confimed when or if it breaks below the support at 1.2350.
  • #938,327
  • Nov 24, 2014 8:35am Nov 24, 2014 8:35am
Quoting victoriajen
Despite its descent on Friday EUR/USD reached the support level at 1.2350 and bounced back, forming what appears to be a double bottom on the daily filter chart, so a new movement to the upside is possible. On the other hand, the bearish trend is not over, so I doubt this is a long-term reversal. That said, a new drop will be confimed when or if it breaks below the support at 1.2350.

trick is to trade it before it happens, thats the key in this biz^^.... so either buy the low for ''double bottom'' or sell r to play for break...
Hero calls followed by margin calls...
  • #938,328
  • Nov 24, 2014 8:39am Nov 24, 2014 8:39am
Quoting StopRunFx
{quote} Don't agree with this. For an intraday trader, every day is tradable that has a range of 30 pips or more. And there are very few days that don't. From intraday perspective, a scalp is 4-10 pips, anything above it is really a swing, and such swings will be found in any given day. Even if it is a small range day, catching a position for a breakout the following day is also meaningful. Of course, 10 or 20 trades every day is unrealistic and unnecessary, likely to lead to more mistakes than profit, but a few trades will be found practically...
Theoretically yes, but in practice it's not that easy... In FX (and specially this past year) not every 30 pip dayly movements are forecastable for the common trader. Anyway the point of my post was each trading day could be very different from each other in terms of oportunities and profit, thus making nonsense the target of an indentical x% daily profit to achieve certain x% monthly target, as suggested previously.
  • #938,329
  • Nov 24, 2014 8:41am Nov 24, 2014 8:41am
Quoting victoriajen
Despite its descent on Friday EUR/USD reached the support level at 1.2350 and bounced back, forming what appears to be a double bottom on the daily filter chart, so a new movement to the upside is possible. On the other hand, the bearish trend is not over, so I doubt this is a long-term reversal. That said, a new drop will be confimed when or if it breaks below the support at 1.2350.
Agree 100%

Short Term: Bullish
Long Term: Bearish
Forex is a losers game.
  • #938,330
  • Nov 24, 2014 8:43am Nov 24, 2014 8:43am
Quoting gatorinla
{quote} too late.. a free trade now.. 2k pips or 3k pips is ok with me
+ 170 and counting ....

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 14 KB
  • #938,331
  • Nov 24, 2014 8:51am Nov 24, 2014 8:51am
Quoting MikiFX
{quote} Theoretically yes, but in practice it's not that easy... In FX (and specially this past year) not every 30 pip dayly movements are forecastable for the common trader. Anyway the point of my post was each trading day could be very different from each other in terms of oportunities and profit, thus making nonsense the target of an indentical x% daily profit to achieve certain x% monthly target, as suggested previously.
Why not? At least on average it should work out like that. That is exactly what is advocated by trading coaches, including Van Tharp, who is a classic on the subject of system building. Basically, a viable intraday strategy should produce a winning day on most days. When you have big higher timeframe moves, it should produce more profit, when the daily range is small or you make mistakes the profit could be small, near BE, or a small loss. For intraday trades, the macro horizon is one day. Like trading higher timeframes is assessed every week or month, so trading intraday is assessed every day. So thinking and setting goals in risk multiples is the only way forward. Being good at executing this is another matter or course .
"To the busy day / To the idle play"
  • #938,332
  • Nov 24, 2014 8:57am Nov 24, 2014 8:57am
im always looking at 15m 30m 1h 4h
  • #938,333
  • Nov 24, 2014 8:59am Nov 24, 2014 8:59am
Quoting StopRunFx
EU 5M Seeing a bear case for at least an expanding triangle range, 15+ pips. On the 1H chart, seeing the potential for the first moving average gap bar and a selloff to today's low, where I'd consider going long again. {image} {image}
Stopped out -1 pip, was too early to buy. But re-entered short as Trend Channel Line Overshoot and same expanding triangle play at 1.24287. Also seeing this price as an AB=CD bull target from the big bull spike earlier in the day. Will wait to see if any bear bars form here and how strong they are.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-11-24 at 16.54.18.png Size: 24 KB
"To the busy day / To the idle play"
  • #938,334
  • Nov 24, 2014 8:59am Nov 24, 2014 8:59am
Quoting trader121
{quote} Agree 100% Short Term: Bullish Long Term: Bearish


Trader121... What do you define as "short term" and "long term"?
  • #938,335
  • Nov 24, 2014 9:01am Nov 24, 2014 9:01am
Quoting Ken A
{quote} D o w n ...... {image}
It will test 2500 if it has nothing left behind. Bull gambling with daily TF while monthly TF strongly supporting consolidation.
You cannot learn better without losing
  • #938,336
  • Nov 24, 2014 9:07am Nov 24, 2014 9:07am
Quoting forexings
{quote} It will test 2500 if it has nothing left behind. Bull gambling with daily TF while monthly TF strongly supporting consolidation.
Really? Should I strongly keep the long?

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 17 KB
  • #938,337
  • Nov 24, 2014 9:10am Nov 24, 2014 9:10am
well that ECB member says sovereign QE isn't going to happen due to long legal process/issues so they are just going to work on growth!! Euro might float around this region/level for sometime till Draghi messes it up for us again!! Hope everyone is enjoying the trading day...
  • #938,338
  • Nov 24, 2014 9:14am Nov 24, 2014 9:14am
Quoting Ken A
{quote} + 170 and counting .... {image}
Nice one buddy.... missed it on friday, too late to be comfortable here now...

will join if price approachas top or bottom.

Lets c


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_H1_241114.png Size: 48 KB


best,

JB
Hero calls followed by margin calls...
  • #938,339
  • Nov 24, 2014 9:15am Nov 24, 2014 9:15am
Quoting Ken A
{quote} Still in ECAD short? Long here ........ didn't catch the bottom but after Mid Tokyo ....
im still in. others all killed on friday evening

4050 to see whats gonna happen. eurxxx supported so you are on the right path seems
what you play for 1,43/44 or 1,50?
u just playing range?
  • #938,340
  • Nov 24, 2014 9:19am Nov 24, 2014 9:19am
Quoting 21vs7
{quote} im still in. others all killed on friday evening 4050 to see whats gonna happen. eurxxx supported so you are on the right path seems what you play for 1,43/44 or 1,50? u just playing range?
I might hold long term until extreme negative from EZ or Draghi ..... or positive CAD....

IFO positive for the first time in six months ..... + positive ZEW should count for something ......

You in the office?

Quoting PhAnTi'
{quote} Nice one buddy.... missed it on friday, too late to be comfortable here now... will join if price approachas top or bottom. Lets c {image} best, JB
Yes, too late to enter in the mid of nowhere ...........
487 traders viewing now