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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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did oanda just drop its spread for eurusd to 1 pip? 11 replies

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Attachments: EURUSD
Exit Attachments

EURUSD

I am in, short 1568, target 1490, SL 1590.

LOL I was not patient enough...
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,139.0%
High of the session
----- Dragonfly out in the sun you know what I mean, don't you know
Quoting Tom_D_Trader
{quote} I see, but depends on chart mate. On my chart already last week was dive into support to continue abc correction down to 70%+ on daily
In my opinion the leg from 1.228x is not a measured move but an impulsive one. Sure sounds like a technicality but it has huge implications in terms of the TA part and the levels for trading.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
I like this pair because I trade the mini dow and it is breaking out New York (hahmaybe). Follows closely this pair 2 days.

1.1572 we hit R2!

1.164 TP is below the PP on Daily.
----- Dragonfly out in the sun you know what I mean, don't you know
Quoting sophiaphia
I like this pair because I trade the mini dow and it is breaking out New York (hahmaybe).
Out of interest, why do you trade the Dow rather than the S&P?
Cheers
used to be undecided but nowadays can't make my mind up
Typical end of day/week bearish rally.
I'm especially ecstatic with PA like that. Seems like new low is very much possible next week.
Read the entire market, money is made on the main trend not the fluctuation
Quoting sisse
{quote} In my opinion the leg from 1.228x is not a measured move but an impulsive one. Sure sounds like a technicality but it has huge implications in terms of the TA part and the levels for trading. sisse
I got high at 121,8 you 122,8? Anyway, last part of hyperbolic move has high degrees and momentum of corrections. Imo doesnt have to be impulse down. I tend to think we are in first impulse wave up on major scale. Look closer reveals regular abc corrections during whole move, who happen to have shorter frequencies the higher we go.

I generally think low Oil prices are heavy boost for Japan economy and will give Kuroda and Abe san enough political power to pursue their inflation targets. Long term am very bearish on Yen. Short term crumbling Europe sure doesnt help as Yen could as well for a while be seen as safe haven.

So ofc am afraid of inraday/week corrections. But if abc scenario is valid, stops at 115,55 should hold. Edit: And if they wont hold, we gonna slip much lower, so it will be even better price for me.

T
Attached Image (click to enlarge)
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"I know one thing, that I know nothing." Sokrates
Quoting OnlineAddict
I am in, short 1568, target 1490, SL 1590. LOL I was not patient enough...
Uff, SL missed by 1.3 pips, so staying in. But after a bull rally like this, I will probably leave the target open and see if we can make a new low next week, then I would hold until 1250-1350. Moving SL to 1598.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,139.0%
Quoting OnlineAddict
If the PA is strong enough to close the day above 1585, then it will be a nice reversal on H4...might finally wake the bulls up for next week. If not, this is just noice and it should keep dropping.
1570 Ditto.
Use me as a contrarian indicator
Quoting mrbandwidth
{quote} Ditto.
Looks like noise, if it keeps dropping until the close.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,139.0%
Quoting Dano12
{quote} 1.14 and later as the MARIO come on Wednesday Now 1 150 80 90 down
Quoting OnlineAddict
{quote} Uff, SL missed by 1.3 pips, so staying in. But after a bull rally like this, I will probably leave the target open and see if we can make a new low next week, then I would hold until 1250-1350. Moving SL to 1598.
This up leg was not place to short, its "bullish" up leg looking at PA and supply reactions. The solid entry was early today when we discussed break of m30 lows, which resulted in 80 pips drop. But with that said GU will drop, probably better idea would be to scale your SL more, or you will be stoped for nothing. I would send SL to 5270. Daily wants to go directly down on Monday.
Quoting mrcreosote
{quote} Out of interest, why do you trade the Dow rather than the S&P? Cheers
You really have to know and own an instrument, that is the one I prefer although I will trade all three index sometimes. People say trade what moves but I don't think that is wise. Why jump CL to random FX pairs to Dax. Best success, pick one and know it like you are married. Trade it every day see the same patterns. You will know the levels like Gator posts his levels from many years back (something like that).
10,000 hours of screen time to be a 'proficient'.
----- Dragonfly out in the sun you know what I mean, don't you know
Quoting janpec1000
{quote} This up leg was not place to short, its "bullish" up leg looking at PA and supply reactions. The solid entry was early today when we discussed break of m30 lows, which resulted in 80 pips drop. But with that said GU will drop, probably better idea would be to scale your SL more, or you will be stoped for nothing. I would send SL to 5270. Daily wants to go directly down on Monday.
I just got out with a few pips profit and re-loading higher this time. If you look at daily and weekly, its very bearish.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,139.0%
Quoting OnlineAddict
{quote} I just got out with a few pips profit and re-loading higher this time. If you look at daily and weekly, its very bearish.
Yep. I wouldnt mind shorting lower if this happens (on tight SL):
http://prntscr.com/5tavru
Quoting Citiboy
{quote} We can joke about this shit but regulators are about to run thru this entire industry with a fine toothed comb. Rates being rigged, brokers blowing up, ponzi schemes.... Im having second thoughts on this as a career honestly purely for likely hammer of regulation thats about to fall after this
If it's a career I can't imagine you trade above 50:1 leverage with less than 10k....what is there for you to worry about?

I can't think of any regulation that would be different than the basic options margin account requirements...and those are a joke at the professional level.

at the beginner level it's a bit steep, but not unbelieveable.

2k minimum, income "verification" that is actually just a questionnaire (which you lie on and isn't checked). FIFO is really the only thing that's completely garbage. And the fact that you cant utilize a CC or debit card. 3 day wait for deposits....but still- not terrible....and not something that should deter you from pursuing professionally.

Now- where we have to worry is whether or not they force the bucket shops to close....as there isnt many options in the US other than. Or if they outlaw forex all together.
Quoting janpec1000
{quote} Yep. I wouldnt mind shorting lower if this happens (on tight SL): http://prntscr.com/5tavru
Yeah, Cable is long overdue...but if EU keeps going up now, there is no way GU will drop...so I will short on monday during asian session...I expect them to spike it up first, before EU guys take it down. Worst case I should get 50-80 pips.

Btw GU again protected 5140, it doesn't seem to want to close below...and confirm it...until that happens, still risky to short for a new low.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 3,139.0%
Quoting sophiaphia
long 1.152 SL 1.146 TP 1.164
1.1577. have to exit soon. above R2.

Folks are short and so we go up into Friday with no exit unless squeezed.
----- Dragonfly out in the sun you know what I mean, don't you know
about how many points did the swissy drop.. i'm too lazy to calculate lol..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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