EURUSD | Page 47963 | 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

  • #959,241
  • Feb 11, 2015 4:16am Feb 11, 2015 4:16am
Quoting maldegnegi
{quote} I see I bought the top, what an idiot I am today. I got a little scared I guess and rushed myself into flat position but yes, why didnt I just close the two shorts instead? I use alot of hedging and so far there are a few instances I benefited from but not too many. Anyway, I'd better sit tight for a while, not a good start for the day.

That is not hedging, you ended up with zero exposure because you were too chicken to admit you were wrong. Don't be afraid to throw in the towel on a crap trade, just do it early.

Hope has no business in trading.


Keep an eye on this TL here and trade accordingly to get your crap entries at least close to zero. You were trading what you thought you saw, not what you were seeing, now in hindsight stepping back you can see what you were doing wrong, hindsight hasn't made anyone any money yet.....

Trade what you see, watch that TL, watch the outliers, watch the Dollar index, watch the news and get out of your entries. If that TL gets a good test with an exhaustion, you may well be able to get out of that 07 trade also so you only carry that one at 21, easier to average.
A contrarian; I always disagree.
  • #959,242
  • Feb 11, 2015 4:23am Feb 11, 2015 4:23am
Quoting goldfinch
{quote} That is not hedging, you ended up with zero exposure because you were too chicken to admit you were wrong. Don't be afraid to throw in the towel on a crap trade, just do it early. Hope has no business in trading. Keep an eye on this TL here and trade accordingly to get your crap entries at least close to zero.
Very true, I have a lot to learn obviously. I am carefully monitoring the price action sir. Thank you very much.
  • #959,243
  • Feb 11, 2015 4:25am Feb 11, 2015 4:25am
Quoting maldegnegi
{quote} Very true, I have a lot to learn obviously. I am carefully monitoring the price action sir. Thank you very much.

German auction coming up now, an undersubscribed one may well drive us down to the lower end of the range even though it isn't really news as the last few were undersubscribed, an oversubscribed one however will get us back to the top of the range.

Quoting goldfinch
{quote}. If that TL gets a good test with an exhaustion, you may well be able to get out of that 07 trade also so you only carry that one at 21, easier to average.

This is your chance to get that 07 and 13 of the table.

Quoting goldfinch
This is your chance to get that 07 and 13 of the table.

EDIT: Did you?

Good bid to cover so time to average that 21 so you can clear it.
A contrarian; I always disagree.
  • #959,244
  • Feb 11, 2015 4:39am Feb 11, 2015 4:39am
Quoting goldfinch
{quote} German auction coming up now, an undersubscribed one may well drive us down to the lower end of the range even though it isn't really news as the last few were undersubscribed, an oversubscribed one however will get us back to the top of the range. {quote} This is your chance to get that 07 and 13 of the table. {quote} EDIT: Did you? Good bid to cover so time to average that 21 so you can clear it.
Yes man was lucky to close both in tiny profit. I will average that 21 entry.
  • #959,245
  • Feb 11, 2015 4:39am Feb 11, 2015 4:39am
Quoting maldegnegi
{quote} Very true, I have a lot to learn obviously. I am carefully monitoring the price action sir. Thank you very much.
Let me give you the last piece of advice in this thread:

Why don't you open a thread in the Trading Journals (or the Rookie Talk) so you can get proper feedback. I am sure goldfinch and others will be happy to help you there...

Posting in the most active Forex thread in the internet micro trades of a few ticks while trying to get feedback and learn everything in between it's a no go. Believe me. Not only its not the best idea but you are also running the risk of annoying some other serious posters that come here for euro/usd discussion more than a holding hand step by step micro trading lessons ....

GL in your FX learning ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #959,246
  • Feb 11, 2015 4:42am Feb 11, 2015 4:42am
Quoting sisse
{quote} Let me give you the last piece of advice in this thread: Why don't you open a thread in the Trading Journals (or the Rookie Talk) so you can get proper feedback. I am sure goldfinch and others will be happy to help you there... Posting in the most active Forex thread in the internet micro trades of a few ticks while trying to get feedback and learn everything in between it's a no go. Believe me. Not only its not the...

Hint accepted.
A contrarian; I always disagree.
  • #959,247
  • Feb 11, 2015 4:45am Feb 11, 2015 4:45am
Quoting sisse
{quote} Let me give you the last piece of advice in this thread: Why don't you open a thread in the Trading Journals (or the Rookie Talk) so you can get proper feedback. I am sure goldfinch and others will be happy to help you there... Posting in the most active Forex thread in the internet micro trades of a few ticks while trying to get feedback and learn everything in between it's a no go. Believe me. Not only its not the...
You may be right sir, didn't think about that. I apologize if I annoyed any of you, was not my intention. I will look into the journal thing.
  • #959,248
  • Feb 11, 2015 4:52am Feb 11, 2015 4:52am
Didn't annoy me. I'm always happy to see anybody (especially finchy) sharing advice on trading style/how to manage trades. Everybody has their own style and it's always possible to learn from others, even if they trade differently than our own preferred mode.
  • #959,249
  • Feb 11, 2015 4:57am Feb 11, 2015 4:57am
Quoting MissPips
Didn't annoy me. I'm always happy to see anybody (especially finchy) sharing advice on trading style/how to manage trades. Everybody has their own style and it's always possible to learn from others, even if they trade differently than our own preferred mode.


Nicely said
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #959,250
  • Feb 11, 2015 5:00am Feb 11, 2015 5:00am
Quoting Tom_D_Trader
{quote} Ah cmon mate, I just sold it. Cant go up
Loading up the wagon . Whats the deal with this range. Is just m15 in my chart, but broke 1,131 and H1 closing pretty soon.
"I know one thing, that I know nothing." Sokrates
  • #959,251
  • Feb 11, 2015 5:01am Feb 11, 2015 5:01am
Quoting Tom_D_Trader
{quote} Loading up the wagon . Whats the deal with this range. Is just m15 in my chart, but broke 1,131 and H1 closing pretty soon.
Indeed, first micro attempt to go for the break ... but we need a tweet ...je je je

Let see.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #959,252
  • Feb 11, 2015 5:06am Feb 11, 2015 5:06am
UJ almost reach R 119.93, sold at 119.83 sl at 120 targeting 119.24. NFP really kick jpy straight to the head without mercy. gosh ej is following uj in last couple days
  • #959,253
  • Feb 11, 2015 5:07am Feb 11, 2015 5:07am
More shorts than longs today so far + butterfly is still valid...but PA aims lower.
Lets see what happens than.

Edit:
Buyers are disappeared in the last 2-3 days (not true...there are more and more, but much less compared to bears)
FF positions: Long:Short ratio -> 1:4
Avg Entry: Long: 1.15880 Short: 1.13150

Would be charity to go down imo.
f(z)=z2+c
  • #959,254
  • Feb 11, 2015 5:11am Feb 11, 2015 5:11am
EU wants lower atm. Hard to enter anything atm.
http://prntscr.com/63q51v
  • #959,255
  • Feb 11, 2015 5:19am Feb 11, 2015 5:19am
Quoting Sants
UJ almost reach R 119.93, sold at 119.83 sl at 120 targeting 119.24. NFP really kick jpy straight to the head without mercy. gosh ej is following uj in last couple days
I've got R further down at 119.66 but it was taken effortlessly intraday despite Nikkei 17855 holding- well the latter is coming under lots of pressure now as we speak. I've got a cross with the hourly lower trendline on UJ to play any bull trap on a close back below 66. Fading EJ outright at 135.80 looks really tempting too and AJ 93.45 best off all but unlikely.

As for Euro, can't bring myself to buy 1286 nor short the lows so still waiting for/if 1380 to make a decision.
  • #959,256
  • Feb 11, 2015 5:19am Feb 11, 2015 5:19am
Quoting hathor
More shorts than longs today so far + butterfly is still valid...but PA aims lower. Lets see what happens than. Edit: Buyers are disappeared in the last 2-3 days (not true...there are more and more, but much less compared to bears) FF positions: Long:Short ratio -> 1:4 Avg Entry: Long: 1.15880 Short: 1.13150 Would be charity to go down imo.
i will be really happy to see short term EU bull if 1250 touched and hold for a while before big momentum, completion of H4 butterfly pattern. even so, for me, eu bulls found difficulties in breaking 1470, perhaps maximum of 1445. but who knows, maybe passed and expecting the roof to be at 1600
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
  • #959,257
  • Feb 11, 2015 5:26am Feb 11, 2015 5:26am
Quoting ClinicalEx
{quote} I've got R further down at 119.66 but it was taken effortlessly intraday despite Nikkei 17855 holding- well the latter is coming under lots of pressure now as we speak. I've got a cross with the hourly lower trendline on UJ to play any bull trap on a close back below 66. Fading EJ outright at 135.80 looks really tempting too and AJ 93.45 best off all but unlikely. As for Euro, can't bring myself to buy 1286 nor short the lows so still waiting for/if 1380 to make a decision.
I got almost confirmed "omfg what a surprise" break here - h4 really strong momentum. Just hit next partial here, was expecting correction downt to 118,7-118,8, but momentum with us and LO h4 aiming for break and reaching next level @ 120,666. I take another partial there and if breaks prolly just be laughing.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 142 KB
"I know one thing, that I know nothing." Sokrates
  • #959,258
  • Feb 11, 2015 5:26am Feb 11, 2015 5:26am
watch out talking heads in the wires now and we are in full soap opera mode from now until the 7:00 PM with the conference... Expecting full tweet session. If you have been here before (2010s) you know what it means .... tighten your seat belts intraday...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #959,259
  • Feb 11, 2015 5:26am Feb 11, 2015 5:26am
It is ready to kiss 1.1250 now....
  • #959,260
  • Feb 11, 2015 5:27am Feb 11, 2015 5:27am
Quoting sisse
watch out talking heads in the wires now and we are in full soap opera mode from now until the 7:00 PM with the conference... Expecting full tweet session. If you have been here before (2010s) you know what it means .... tighten your seat belts intraday... sisse
Do you expect large swings? If so what numbers are we talking about.
448 traders viewing now