EURUSD | Page 47010 | 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

  • #940,181
  • Dec 2, 2014 10:56am Dec 2, 2014 10:56am
Quoting thegmann
{quote} ok? so why take on insane amounts of risk trying to catch a small bounce when you can just wait for small correction to occur and go with the trend every time? Idk..maybe its just me but in a trending market I always trade in direction of trend and never try to "catch" the move in the opposite direction. You'll get burned more times than not... Why try and catch a 100 pip jump when you can wait for that to happen then short it for a 200+ pip gain in the direction of the trend? Idk to each his own I guess...
Because it's predictable to the point where it's profitable. Market Makers like banks, fundies, and even gov. institutions engage in this. Would like to compete against them with all their financial might?

i'm guessing you're relatively new to the market; you know how the market works and are wary of its volatility, causing you prefer trades with advantageous odds on face value, or overtly cautious. Maybe both, maybe none. But like you said, each to his own.

Besides, my account can handle the worst case scenario (close positions) of a clear breach of 1.2360; it's only a minor downside in my weekly profits. Until then, I'm reloading a small long at around that that area.
  • #940,182
  • Dec 2, 2014 10:58am Dec 2, 2014 10:58am
Quoting thegmann
{quote} ok? so why take on insane amounts of risk trying to catch a small bounce
Small bounce? Where have you been the past 2 weeks? The bounces are getting bigger and bigger...good luck shorting at these levels.
Everyone can see the chart, but only a few can actually read it.
  • #940,183
  • Dec 2, 2014 11:01am Dec 2, 2014 11:01am
Feels like EU bears heart just isn't in it. AU possible st reversal pattern, UCad not following, even UJ not agreeing. Almost feels like Yen led market atm imo.
As the lights go by so too do the shadows move
  • #940,184
  • Dec 2, 2014 11:03am Dec 2, 2014 11:03am
Quoting Matts Micro
Feels like EU bears heart just isn't in it. AU possible st reversal pattern, UCad not following, even UJ not agreeing. Almost feels like Yen led market atm imo.
That's accurate. We have a major tested support at around this area (1.2360). In all likelyhood, expect a bounce up to lower/mid 1.2400 range before declining again. Of course, if the bounces goes beyond that, then we're in for a bigger move up, but overall it'll always remain bearish in the mid/long term (Euro is fucked)
  • #940,185
  • Dec 2, 2014 11:04am Dec 2, 2014 11:04am
Quoting PhAnTi'
{quote} Hey G., do u have any view of cable?
it missed a large number much higher months ago (73xx). similar to the ea. i tried a small setup, that failed to go all the way. its just not ready yet, the month closed below 5651.. its between 5891 and 5412.. month closed south of mid.
one thing for sure. it has a new db.. my setup failed. many times the pair will go to the original setup. a setup against the trend near that low is possible. and if the older setup forces a hh. then a new target for 6066 may develop. u could just wait for the hh, then a pullback. the good thing about trading against a strong trend. is that, it likes to push things to the edge. near the edge will not make a bad trade green. it will make a green trade compounded r/r in its favor. while a bad trade can be closed w/o much loss. s/r traders will be looser with the stop. i may L 5600/5584.. i wish that month close was above 5651
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 19 KB
those who can, do. those who cant, talk about those who can
  • #940,186
  • Dec 2, 2014 11:06am Dec 2, 2014 11:06am
Quoting OnlineAddict
{quote} Small bounce? Where have you been the past 2 weeks? The bounces are getting bigger and bigger...good luck shorting at these levels.
Where have YOU been the last 2 weeks? I have yet to see a weekly candle engulfing to the upside...I see a very bullish downward weekly candle 2 weeks ago and a bullish candle that failed to engulf it and was heavily rejected??? I've been sitting on my trades... and adding shorts on rallies... I took a short last week at 1.25 retest and got out at 1.244 tried taking another this week and was stopped out at BE before a 100+ pip fall. Trade however you'd like I just don't understand why you guys are all longing now we aren't at any particular support levels I can see (1.235 low would be next one on my charts). I would rather trade with the trend not into it. I'll sit out those up moves and then trade the downward ones at s/r levels.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 30 KB
  • #940,187
  • Dec 2, 2014 11:07am Dec 2, 2014 11:07am
Might not be much of a bounce this time.

I look for significant drop as this triangle pattern completes...


Edit: If there is a "bounce", watch for the bear slam around 1.2478
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 60 KB
  • #940,188
  • Dec 2, 2014 11:09am Dec 2, 2014 11:09am
Quoting benaiah
Might not be much of a bounce this time. I look for significant drop as this triangle pattern completes... {image}
Probably. My predicted bounce range of 1.2420~1.2450 is within the triangle as well. Good luck on your EUR/USD trades!
  • #940,189
  • Dec 2, 2014 11:10am Dec 2, 2014 11:10am
Quoting thegmann
{quote} Where have YOU been the last 2 weeks? I have yet to see a weekly candle engulfing to the upside...I see a very bullish downward weekly candle 2 weeks ago and a bullish candle that failed to engulf it and was heavily rejected??? I've been sitting on my trades... and adding shorts on rallies... I took a short last week at 1.25 retest and got out at 1.244 tried taking another this week and was stopped out at BE before a 100+ pip fall. Trade however you'd like I just don't understand why you guys are all longing now we aren't at any particular...
Its fine to trade with the trend...but the trend will end at some point...and looking at the tight ranges lately, it might be soon.
Everyone can see the chart, but only a few can actually read it.
  • #940,190
  • Dec 2, 2014 11:15am Dec 2, 2014 11:15am
EJ support.
As the lights go by so too do the shadows move
  • #940,191
  • Dec 2, 2014 11:15am Dec 2, 2014 11:15am
Quoting OnlineAddict
{quote} Its fine to trade with the trend...but the trend will end at some point...and looking at the tight ranges lately, it might be soon.
With all due respect to your opinion, I'd have to disagree. The tight range, looks to me like it will end with a break out down (as posted above).

If a trend is about to end, it will become more volatile, not less. So, there will be wider swings. So far, on the daily chart, the 20 ema has been pretty much respected for the most part on the way down. Before the trend will even think about ending, we will need to see some upswings that get above the 20 ema. Once that happens at least a couple times, then maybe we talk about this trend ending...
  • #940,192
  • Dec 2, 2014 11:18am Dec 2, 2014 11:18am
Quoting gatorinla
{quote} it missed a large number much higher months ago (73xx). similar to the ea. i tried a small setup, that failed to go all the way. its just not ready yet, the month closed below 5651.. its between 5891 and 5412.. month closed south of mid. one thing for sure. it has a new db.. my setup failed. many times the pair will go to the original setup. a setup against the trend near that low is possible. and if the older setup forces a hh. then a new target for 6066 may develop. u could just wait for the hh, then a pullback. the good thing about trading...
thats a lot level of fibs. may i know your reason to put those levels? for reference
  • #940,193
  • Dec 2, 2014 11:18am Dec 2, 2014 11:18am
Quoting benaiah
{quote} With all due respect to your opinion, I'd have to disagree. The tight range, looks to me like it will end with a break out down (as posted above). If a trend is about to end, it will become more volatile, not less. So, there will be wider swings. So far, on the daily chart, the 20 ema has been pretty much respected for the most part on the way down. Before the trend will even think about ending, we will need to see some upswings that get above the 20 ema. Once that happens at least a couple times, then maybe we talk about this trend ending...
Lets see what 2475 does, because we will go back to it this week. Either after a lower low or without making one. If it breaks above 2500 again, that might be IT.
Everyone can see the chart, but only a few can actually read it.
  • #940,194
  • Dec 2, 2014 11:19am Dec 2, 2014 11:19am
Quoting Matts Micro
EJ support.
Will likely support EU too.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy #9.png Size: 62 KB
As the lights go by so too do the shadows move
  • #940,195
  • Dec 2, 2014 11:21am Dec 2, 2014 11:21am
Quoting fxtyrant
{quote} I know for a fact that theres large amounts of corporate stop loss buy oders above 120, very likely gona see the usdjpy head tor 120 and spike above to trigger those orders.... Sooo im sure usdjpy will reach 120, but ill be interested to see the reactions at 120.... If we get a huge spike above and close back below then maybe a chance to trade a possible pullback... Still want to see the reactions
u got pm mail
those who can, do. those who cant, talk about those who can
  • #940,196
  • Dec 2, 2014 11:22am Dec 2, 2014 11:22am
Quoting Chicky
{quote} If it goes to 1.2442, I will buy you a coffee.
long time no reply, i hope i got a coffee by now
  • #940,197
  • Dec 2, 2014 11:24am Dec 2, 2014 11:24am
EURUSD
15 Mins chart
If market is going to keep harmony in this tf according to last 3 swings, should stop at 1.2398 and then proceed to 1.2360.
We watch the charts from every angle so you don't have to!!
  • #940,198
  • Dec 2, 2014 11:30am Dec 2, 2014 11:30am
there is a chance we might have a triple bottom within 24 hrs
As Above, So Below
  • #940,199
  • Dec 2, 2014 11:31am Dec 2, 2014 11:31am
if 4h candle close above 2382 then looking for scalp long 238x-239x, tp at 2426
  • #940,200
  • Dec 2, 2014 11:33am Dec 2, 2014 11:33am
Quoting OnlineAddict
{quote} Its fine to trade with the trend...but the trend will end at some point...and looking at the tight ranges lately, it might be soon.
Ranges have been real tight due to the retesting of the 1.235 level lows and the strong support at 1.25 taken to an extreme by the uncertainty of possible QE. QE is going to happen its just a matter of timing which is keeping eur/usd in a tight range until the timing is announced. I expect it to stay in this range until then. If more details are released on the subject at this ECB (whether good or bad) will cause us to break the range. If no new news then continue to see what we are seeing. But as of this moment market is pricing in eventual bearish decline.
941 traders viewing now