EURUSD | Page 48459 | 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

  • #969,161
  • Mar 14, 2015 12:34am Mar 14, 2015 12:34am
Quoting Mashiro
{quote} I made some money following your post yesterday... Thanks oh and I was added on someone ignored list the last time I thank you for your insights
that's a BONUS

WIN / WIN if you ask me

It takes a lot for me to IGNORE you, but you can try.
  • #969,162
  • Mar 14, 2015 12:40am Mar 14, 2015 12:40am
Quoting mkvy
I've got the sickest robot ever, makes profit all day and all night, so unfortunately i no longer have a view on the market.. its been a great ride, but now my androids taken over {image}
You trust your robot, and your robot has its view...
so your robot view is your view...
dont say you dont have a view because your robot taken over...
you chose to put him in his place because you believe in its views....

i wish your robot the best of luck, had a bad experience trading with expert advisors on metatrader. they dont adapt well to changing market conditions like a trader would.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,163
  • Mar 14, 2015 12:41am Mar 14, 2015 12:41am
Quoting Erebus
{quote} that's a BONUS WIN / WIN if you ask me
dude where have you been all this time.. friend....
you gotta help me fend of some of the clowns in here gosh....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,164
  • Mar 14, 2015 12:52am Mar 14, 2015 12:52am
Hi Fxtyrant,

Nice call yesterday Fxtyrant ...

Could you please tell us how do you trade? Do you use any indicators for your trading or just based on price action? Is there any forums here as the basic of your trading strategy? so maybe we can learn from that ....

thanks ...
  • #969,165
  • Mar 14, 2015 1:19am Mar 14, 2015 1:19am
Quoting dogol
Hi Fxtyrant, Nice call yesterday Fxtyrant ... Could you please tell us how do you trade? Do you use any indicators for your trading or just based on price action? Is there any forums here as the basic of your trading strategy? so maybe we can learn from that .... thanks ...
I trade price action and psych levels... But most important of all... A clear understanding of fundamentals
A lot of people here were betting that a bullish bounce would occur pushing the eurusd up to 1.08-1.1... But what they fail to realise, is that even a legitimate bounce needs fundamentals to support it... Without fundamental support of the bounce, the bounce up would be stop runs for the big boys... Its easy to spot it if you know what to look for...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,166
  • Mar 14, 2015 1:22am Mar 14, 2015 1:22am
Quoting fxtyrant
{quote} Lower and possibly reaching parity by next friday
i haven't made short trade for EU this week, so which point can i get in shorting EU next week?
1.05?
  • #969,167
  • Mar 14, 2015 1:24am Mar 14, 2015 1:24am
Quoting evrynet
{quote} 3 lots is about 3k or whats the size of it now?
Right now my account is 2800 from only 2 tardes so far and 3 lots or 30$ per pip I dont even think it will make the 110 stoploss before being wiped out as sometimes it will average in. Hey have you had any losses with this yet? cheers
All posts are my personal opinion
  • #969,168
  • Mar 14, 2015 1:46am Mar 14, 2015 1:46am
Quoting italk
{quote} i haven't made short trade for EU this week, so which point can i get in shorting EU next week? 1.05?
Im not sure right now... Eurusd would possibly keep falling fast
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,169
  • Mar 14, 2015 1:48am Mar 14, 2015 1:48am
Quoting fxtyrant
{quote} Im not sure right now... Eurusd would possibly keep falling fast
tq bro for your position in EUR/USD..
  • #969,170
  • Mar 14, 2015 2:01am Mar 14, 2015 2:01am
Quoting fxtyrant
{quote} Im not sure right now... Eurusd would possibly keep falling fast
Hi fxtyrant,


I feel like a complete newbie here, i dont understand and have no idea where to look and analyst to determine price action and when does the pair going to rise or fall. I just follows some of the top players here and read what they said, but still not understanding some of the word used in this particular forum.
Hell i dont even know what's 'bear' or 'bullish' means....

May i ask u,
do u watch live news or some sort to keep up all the action around here?
Is there any particular website that can help me in analyzing or predicting price action?
What are the clear basic fundamentals in forex that most trader needs to know?

Sorry if u feel like im asking such stupid questions around here, hope u still can answer my questions. Im a complete newbie and am new to forex since early of JAN this year, still looking for a guidance.

Thanks.
Have a great weekend everyone
  • #969,171
  • Mar 14, 2015 2:06am Mar 14, 2015 2:06am
Quoting fxtyrant
{quote} I trade price action and psych levels... But most important of all... A clear understanding of fundamentals A lot of people here were betting that a bullish bounce would occur pushing the eurusd up to 1.08-1.1... But what they fail to realise, is that even a legitimate bounce needs fundamentals to support it... Without fundamental support of the bounce, the bounce up would be stop runs for the big boys... Its easy to spot it if you know what to look for...
1. Where can i find source to learn about price action?
2. what do you mean about psych level?
3. how do you determine that levels? is it based on supply and demand?
4. Which fundamentals do you talk here about? which kind of news can drive the market for EUR/USD (NFP, rate decision, etc)?

thanks ....
  • #969,172
  • Mar 14, 2015 3:38am Mar 14, 2015 3:38am
Quoting sakisf
{quote} Sure will do. But EU is at a fair price now from all views. EZ outlook is in more trouble than US. As for NFP mentioned, I expect a revision (of 295) much lower by next month.

I disagree with you as I think the eurosone is iinproving espesially in the south. You are from Greek Dont you see any improvements in the realsestate market?
In Cyprus the buyers are coming.

The important issue is to see the development that are abouth to come on beforehand. When all the good figures are there the currency have turned.
  • #969,173
  • Mar 14, 2015 4:13am Mar 14, 2015 4:13am
Quoting dogol
{quote} 1. Where can i find source to learn about price action? 2. what do you mean about psych level? 3. how do you determine that levels? is it based on supply and demand? 4. Which fundamentals do you talk here about? which kind of news can drive the market for EUR/USD (NFP, rate decision, etc)? thanks ....
1. Sources of news hmmmm i dont use forexfactory for data releases... My bank provides me with bloomberg terminal and thomson reuters eikon platform for he most up to date data releases, but if you need a good source... For years i used forexlive.com... But the views he give, take ot with a pinch of salt.... Dont fully trust it
2. Psych levels are essentially the round numbers and the semi rounded numbers... The morerounded the number is the most likely that a lot of people have their orders there to either defend it or to take advantage of it if it breaks

Numbers like 1.20 on eurchf acted as a huge psych level
Parity ie 1.00 on eurusd is a psych... 1.0050, .1.0100,1.0150, 1.0200 1.0250... Etc....

3. No determination needed... Reason why these levels are psych is because the way how bank practice provides services and products to people... Have you gone into a bank, and exchanged physical currency with them? When the quote of say eurusd is 1.0532 or sth like that, after marking up they would only buy your euros at a rounded number lower like 1.04
etc etc....
4. For fundamentals, i only talk about economic data ad how data inflences the cetral bank's monetary policy decisions.
Forex is becoming more and more a policy driven market
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,174
  • Mar 14, 2015 4:22am Mar 14, 2015 4:22am
Quoting Pip_Warrior
{quote} My apologies, I appreciate the response but I don't understand your message at all. Something about how yesterday's highs and lows are important and un-bias. Can you please explain more clearly? Thanks.
here,, each level is tested. u shouldn't expect much trend change with fresh lows. sure at some point it will bounce or change. it just hasn't been able to get past the first one the last few times after making a LL. this is a 1h chart... on a 1m things may look different. on this 1 h its at R. at day and week close.. its at the first benchmark using closes. different strokes for different folks, using the high and low its made a LL and a LH atm.. sure things can change, and then previous level comes into play in yellow. u can expand this to day or week highs/ lows or closes. so when someone is saying the trend has changed. its easy to see if its hot air and zoom in on a particular tf with a measurable benchmark. benchmarks dont have a bias or agenda.. the stairs are up and down.. the red is being tested, if broken the yellow is the next higher one. this is just an example on a very small window. zoom out since may and its inline with trend. in that trend LL are made and the next level R is not being tested atm. i am sure some are waiting for that.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 36 KB
those who can, do. those who cant, talk about those who can
  • #969,175
  • Mar 14, 2015 4:47am Mar 14, 2015 4:47am
Quoting MarianneOslo
{quote} It will matter as if you have a longer perspektive than 5 hours for the trading it is the fudamentals that will will as we saw at 1,39. It was technical reason that it could continie to rise but the fundamental reason made it change. I always trust that in my trading. I must have a reason for beeing long or short. It may take some more time but it will happend- The euro at 1,39 had to decline due to fudamental reasons
your not the only one. who talked about 39xx.. max and a big mouth coon ass did also.. neither was asking about shorting a level it never returned to after the fact. then claiming we were short at 39xx.
i dont know what has changed in your fundis. Dragis is still singing the same tune now, as he was then in the fundis April and May. the ez improving has little to do with anything. the question is at the given time who is perceived doing better. The price disagrees with u. when it does agree, then and only then your fundis work. u seem to pick and choose the fundis with bias at a given time. the fed is even closer to raising today, then May. and the ecb is printing (diluting) euros. and this may go on for years.
those who can, do. those who cant, talk about those who can
  • #969,176
  • Edited 6:26am Mar 14, 2015 4:56am | Edited 6:26am
Quoting MarianneOslo
{quote} I disagree with you as I think the eurosone is iinproving espesially in the south. You are from Greek Dont you see any improvements in the realsestate market? In Cyprus the buyers are coming. The important issue is to see the development that are abouth to come on beforehand. When all the good figures are there the currency have turned.
There is no improvement. http://www.marketwatch.com/story/gre...all-2015-03-10. No one is spending in real estate, prices keep falling, 7.1% in 1 year. Deflation is about 2.2%. In Cyprus the only buyers that come in real estate are Russians because they are barred from most EU countries due to sanctions, if they had the chance they would be investing in London but they are under scrutiny there for 'black' money. (I am in the offshore companies business and I deal with them)

The real hit on both countries is unemployment, 26.1% in Greece and 16% in Cyprus, figures were 8% & 4% respectively in 2009. Unless inflation kicks in and more jobs are offered- unlikely within Europe and QE being small scale, I don't see any other way than national currencies being introduced.

Considering the above, this is the development I am expecting to see. With this in mind, I expect Euro to dip even lower in the coming year, even being dissolved if GR decides to step out and introduce GRD (Cyprus would follow within months having their defense issue sorted out - http://www.hurriyetdailynews.com/gre...&NewsCatID=351), followed by Spain or Italy.

Check these for the weekend:

https://euroinsight.mni-news.com/pos...id-grexit-4598

http://www.cnbc.com/id/102503577

http://aktien-boersen.blogspot.gr/20...-bedeutet.html

As long as GR is threatening EZ/EU with a sudden / accidental GRexit and until a solution is given that does involve a major haircut or QE involving Greece sooner than agreed, then EU is not gonna turn back up, other than for TA reasons.
  • #969,177
  • Mar 14, 2015 5:07am Mar 14, 2015 5:07am
Quoting fxtyrant
{quote} I trade price action and psych levels... But most important of all... A clear understanding of fundamentals A lot of people here were betting that a bullish bounce would occur pushing the eurusd up to 1.08-1.1... But what they fail to realise, is that even a legitimate bounce needs fundamentals to support it... Without fundamental support of the bounce, the bounce up would be stop runs for the big boys... Its easy to spot it if you know what to look for...

I disagree. There are a lot of examples when a squeeze come out of the blue. I have a different view and approach in trading than what is teaching us in the books. Historically speaking we are making a precedent with this so long one way move, without a correction in EURUSD. As a matter of fact even in JPY pairs we have not seen such market behaviour. If we see one more strong push to the downside it shoud be considered as a buying opportunity.
  • #969,178
  • Mar 14, 2015 5:51am Mar 14, 2015 5:51am
Quoting Pharm0r
{quote} Babypips.com and use their "school". It's freE, very good information. Should be a must for every forex trader.also, Tom and I posted a few replies to what the meanings of jargon on here are. You'll have to search a bit though, was some time ago. On my phone so I can't find it for you. Maybe if you type in "LL" or "st" in my post search you can find itI'm not sure if that's considered advertising or not, I don't work for them- and they provide a valuable service for free to new traders. If it's a problem listing the website someone let me...
Thank you for sharing!!!!!! Will look into it.

Wish you lots of luck and happiness!!
  • #969,179
  • Mar 14, 2015 7:03am Mar 14, 2015 7:03am
Quoting Mr. Scott
{quote} Hi Pedro, Looks like I had 1.04625 marked on chart I posted. Wouldn't expect it as large. I examine and I don't like parity. It is there and lot of talk, but I don't see it as valid. Here. 9420. 8930 more valid to me.
Hi Scott, that same Bfly, extension 1.618 would line up almost perfectly with .786 all time retracement at 0.9916, what do you think?
Anyway that 1.27 already provided some reaction at 1.0461.
I see the same, nothing at parity, only 0.99, 0.95 and 0.89. Will post update soon.
Have a good weekend.
We watch the charts from every angle so you don't have to!!
  • #969,180
  • Mar 14, 2015 7:19am Mar 14, 2015 7:19am
wow. what a fall !Nobody stopping the euro! LOL. not even my stoploss!
255 traders viewing now