EURUSD | Page 47358 | 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

  • #947,141
  • Jan 1, 2015 12:23am Jan 1, 2015 12:23am
Quoting Chicky
{quote} What trend? I see no trend on weekly. Its a fuckin' spike down. Anyone going against this move is basically a trend follower, expecting a move up so that a visible trend is formed. {image}
The trend is a fundamental trend, the fact we are headed downward on eurusd is because of the diverging monetary policy between Fed and ECB.... So i really dint know why people bet against that...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #947,142
  • Jan 1, 2015 1:48am Jan 1, 2015 1:48am
Quoting egkid
sell again @2185 Now
now
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 18 KB
  • #947,143
  • Jan 1, 2015 2:10am Jan 1, 2015 2:10am
Quoting fatpanda
2015 tons of pips to panda only，and，well，to some of your dude{image}
I can safely assume I found out 1 of 9gag-ers here
Attached Image (click to enlarge)
Click to Enlarge Name: Happy-New-Year.jpg Size: 19 KB
  • #947,144
  • Jan 1, 2015 4:01am Jan 1, 2015 4:01am
is it just me or does anyone else think its weird where the price closed 1.21001 ? clearly the market makers wanted it to close at a new low, but specifically at that price. Its like they are laughin at all the retail traders because they could close the price at exactly the price they wanted.

Im thinking the ECB, draghi is loving this hoping to increase exports. Race to the bottom
Learn, a forex trader must, unlearn and relearn he will.
  • #947,145
  • Jan 1, 2015 6:02am Jan 1, 2015 6:02am
Quoting COGSx86
is it just me or does anyone else think its weird where the price closed 1.21001 ? clearly the market makers wanted it to close at a new low, but specifically at that price. Its like they are laughin at all the retail traders because they could close the price at exactly the price they wanted. Im thinking the ECB, draghi is loving this hoping to increase exports. Race to the bottom
Quoting TheNoob
{quote} i guess gator wasn't joking when he told me about the 2102...they don't want to give us the 2091...
exactly the big cheaters choose the prices, they actually ruled the world after the dinosaurs...this is all that matter, we must follow their ideas...we can't do anything else anyway...i hope you all closed it 2105 cuz IDK if they will decide to open it 2100 2300 or 1900...
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #947,146
  • Jan 1, 2015 6:06am Jan 1, 2015 6:06am
Quoting COGSx86
is it just me or does anyone else think its weird where the price closed 1.21001 ?
I drew these silly TLs a month ago. Hmmm.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Monthly Wall.png Size: 36 KB
  • #947,147
  • Jan 1, 2015 7:36am Jan 1, 2015 7:36am
Quoting COGSx86
is it just me or does anyone else think its weird where the price closed 1.21001 ? clearly the market makers wanted it to close at a new low, but specifically at that price. Its like they are laughin at all the retail traders because they could close the price at exactly the price they wanted. Im thinking the ECB, draghi is loving this hoping to increase exports. Race to the bottom
strange i got interbank lows at 1.20913...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #947,148
  • Jan 1, 2015 10:38am Jan 1, 2015 10:38am
eu heading to 2040/00 area where possible bounce for wave B

dxy heading 91.15/20 area
eu gu gj holding shorts
  • #947,149
  • Jan 1, 2015 11:23am Jan 1, 2015 11:23am
Happy New Year! EUR/USD 20 year update.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd20yearpp.png Size: 36 KB
Time turns trend. - W.D. Gann
  • #947,150
  • Jan 1, 2015 11:51am Jan 1, 2015 11:51am
Quoting fxtyrant
{quote} The trend is a fundamental trend, the fact we are headed downward on eurusd is because of the diverging monetary policy between Fed and ECB.... So i really dint know why people bet against that...
LOL. I wrote that post in a lighter mode.

But your reply provides food for thought to traders who like to analyze trading philosophies. This behavior is more because of limited vision and spectrum about how markets make their moves. This applies most to the traders who trade on shorter term time-frames without checking fundamentals or longer-term charts. Many of them are tuned to average moves of 100 or 200 pips max. They consider anything beyond that as over-bought or over-sold. Some use technicals like Stochastics and expect the pa to return within the range boundary. I don't blame them for this, in fact, I favor them because even if market moves in one clear direction for months or years with all fundamentals there to support that direction, it goes up and down in shorter-term. It is only that it leaps in the favored direction and then retraces little by little, then again a leap and again a series of retraces. Shorter-term traders try to benefit from those moves and retraces. It is rare for this market not to retrace after making a move. I have seen very few occasions in about last 10 years where market did not show a decent retrace before going thousand or so pips. On three of these times, I went for a retrace to make big money risking decent amounts, unfortunately, all these three times market did something exceptional. Sometimes I wonder why only these three times. It is not that did not hold my positions for long. I remember one such trade, started taking longs from 1.5000 to maybe 1.3000 and closed/was margin called below 1.2700.
The Thief of Wall Street
  • #947,151
  • Jan 1, 2015 12:20pm Jan 1, 2015 12:20pm
Quoting ForExtraPips
Happy New Year! EUR/USD 20 year update. {image}
If one goes short here risking 1% and places a stop loss at R1, can easily make about 1% to 1.5% in about next 3 to 5 years when market completes the cycle getting near to the bottom.................... if it gets there. Happy Trading.

ps. To make a living one needs only $100,000 a year. That means a profit of $300,000 should be enough for 3 to 5 years. That would require an investment of only $30,000,000. Maximum you lose is not more than $300,000. A good bet.
The Thief of Wall Street
  • #947,152
  • Jan 1, 2015 12:31pm Jan 1, 2015 12:31pm
Quoting Chicky
{quote} If one goes short here risking 1% and places a stop loss at R1, can easily make about 1% to 1.5% in about next 3 to 5 years when market completes the cycle getting near to the bottom.................... if it gets there. Happy Trading. ps. To make a living one needs only $100,000 a year. That means a profit of $300,000 should be enough for 3 to 5 years. That would require an investment of only $30,000,000. Maximum you lose is not more than $300,000. A good bet.
I just realized that when I did the pivot point calculations from the web site that I just plug in the numbers, I had the PP on the wrong settings. Here's the chart with the correct Pivot Point, (H+L+C/3). Sorry about that. Trying to edit my last post, but it's not working.

That's where I'm leaning more towards, position trading. I see better opportunity for me going that route instead of trying to chase price, back and forth, part-time.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd20yearpp.png Size: 36 KB
Time turns trend. - W.D. Gann
  • #947,153
  • Jan 1, 2015 12:32pm Jan 1, 2015 12:32pm
Quoting rehorst
{quote} I drew these silly TLs a month ago. Hmmm. {image}
Don't remove any of your tls. They remain valid for decades. Sometimes I open my years old charts, and wonder how pa respects these lines drawn several years ago.
The Thief of Wall Street
  • #947,154
  • Jan 1, 2015 12:40pm Jan 1, 2015 12:40pm
Quoting ForExtraPips
{quote} I just realized that when I did the pivot point calculations from the web site that I just plug in the numbers, I had the PP on the wrong settings. Here's the chart with the correct Pivot Point, (H+L+C/3). Sorry about that. Trying to edit my last post, but it's not working. That's where I'm leaning more towards, position trading. I see better opportunity for me going that route instead of trying to chase price, back and forth, part-time. {image}
Again the same strange coincidence. I do not calculate or check pivots, but have 1.2020 as a key level, very close to this pivot. I arrived at this level checking what levels price responded the most in the past.
The Thief of Wall Street
  • #947,155
  • Jan 1, 2015 12:48pm Jan 1, 2015 12:48pm
Quoting Chicky
{quote} Don't remove any of your tls. They remain valid for decades. Sometimes I open my years old charts, and wonder how pa respects these lines drawn several years ago.

Agreed with old TLs. Another thing that I like to do is after price starts falling, I'll connect the first two candle tops in a downtrend, then put the current time line that I'm looking at, and where the two intersect at is the price of interest. Then I'll look at the previous swing low and connect the first two candle lows and let that trend line travel into the future. And where that TL intersects with this month's time line, gives me another line of interest.
Attached Image (click to enlarge)
Click to Enlarge Name: eumn.png Size: 25 KB
Time turns trend. - W.D. Gann
  • #947,156
  • Jan 1, 2015 12:51pm Jan 1, 2015 12:51pm
Euro has bounced around these levels 5 times in the last 10 years.
I can't see any reason why it won't continue down but you can't ignore
that statistic. Really if you haven't reaped the benefits of shorts from this
market possibly missed the boat.
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.png Size: 42 KB
rat
  • #947,157
  • Jan 1, 2015 12:54pm Jan 1, 2015 12:54pm
Quoting ForExtraPips
{quote} Agreed with old TLs. Another thing that I like to do is after price starts falling, I'll connect the first two candle tops in a downtrend, then put the current time line that I'm looking at, and where the two intersect at is the price of interest. Then I'll look at the previous swing low and connect the first two candle lows and let that trend line travel into the future. And where that TL intersects with this month's time line, gives me another line of interest. {image}
Yes, the way you do proves right most of the time.

I played a lot with trend lines in the past. Try to draw a trend line that fits most trends. Chose only one trend-line for either up trend or down trend. Then copy that line to see where it fits (both for up-trends and down-trends). The line that fits the most gives you the angle. Now follow only that angle and see the magic.
The Thief of Wall Street
  • #947,158
  • Jan 1, 2015 12:55pm Jan 1, 2015 12:55pm
One more before I go. When the daily opened up yesterday, (I use NY close for my daily candles), I connected the previous two daily tops and bottoms. Then took that day's time line. And where they intersect at are my point of interest. Then when you look further down the line and where they cross each other gives me another price of interest. Where price meets time.
Attached Image (click to enlarge)
Click to Enlarge Name: eudaily.png Size: 26 KB
Time turns trend. - W.D. Gann
  • #947,159
  • Jan 1, 2015 1:00pm Jan 1, 2015 1:00pm
Quoting Chicky
{quote} Yes, the way you do proves right most of the time. I played a lot with trend lines in the past. Try to draw a trend line that fits most trends. Chose only one trend-line for either up trend or down trend. Then copy that line to see where it fits (both for up-trends and down-trends). The line that fits the most gives you the angle. Now follow only that angle and see the magic.
Yep. Just like when I connected just the first two candles on 12-08 and 12-09 then I watched the time line each day after that. Then I connected that angle going downward and where price is currently at. Good stuff.
Attached Image (click to enlarge)
Click to Enlarge Name: eudaily01jan.png Size: 25 KB
Time turns trend. - W.D. Gann
  • #947,160
  • Jan 1, 2015 1:01pm Jan 1, 2015 1:01pm
Quoting ForExtraPips
One more before I go. When the daily opened up yesterday, (I use NY close for my daily candles), I connected the previous two daily tops and bottoms. Then took that day's time line. And where they intersect at are my point of interest. Then when you look further down the line and where they cross each other gives me another price of interest. Where price meets time. {image}
Check these Blue and Yellow diagonal lines. All Blue lines have only one angle (they are all parallel), same is true for all yellow lines. These lines are valid forever. I now have deleted those lines because they got distorted for some reason over the years, maybe because of some technical charting issue/limitation with Oanda Charting.

ps. Pa and Lines are very visible when chart is zoomed to smaller time-frame. This is just a bird's eye view and this mess appears only because of condensing the view.

http://www.forexfactory.com/attachme...1&d=1365696218
The Thief of Wall Street
432 traders viewing now