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EURUSD

  • #971,181
  • Mar 19, 2015 5:36am Mar 19, 2015 5:36am
EURUSD had a high volatile session yesterday with a 467 pips range after Fed's monetary policy statement. The Dovish tone coming out from the Fed’s statement triggered a short squeeze pushing the pair to 1.1034 so today should be a digestion day, meaning that the price should stay inside the previous day range.
Want to learn more: HTO Trading
  • #971,182
  • Edited 6:00am Mar 19, 2015 5:38am | Edited 6:00am
Quoting gatorinla
if 0779.6 holds with some closes.. it may have a telling bearish future. still expect 0750.. and if 0779.6 holds 0642.4, 0581.1, 0519.4, 0458.4, 0397.1, 0259.9, 0245.3, and .00
next needing closes, see if 0642 starts being respected. it has been below it. or a lower one like 0581
those who can, do. those who cant, talk about those who can
  • #971,183
  • Mar 19, 2015 5:43am Mar 19, 2015 5:43am
Quoting kenfen69
{quote} WILD ride! Renders ADR almost useless for a bit.
ass cheeks snap back together quickly after a dump.
those who can, do. those who cant, talk about those who can
  • #971,184
  • Mar 19, 2015 5:47am Mar 19, 2015 5:47am
I think i called this one 3 days ago, on the 16th...
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-16_0-20-07.jpg Size: 152 KB

I really think i DID.
http://www.forexfactory.com/showthre...94#post8139094


And here goes today's move
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-19_3-45-39.jpg Size: 138 KB


Okay... maybe I got lucky...
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #971,185
  • Mar 19, 2015 5:49am Mar 19, 2015 5:49am
Quoting gatorinla
{quote} next needing closes, see if 0652 starts being respected. it has been below it. or a lower one like 0581
or 0752?
  • #971,186
  • Mar 19, 2015 5:58am Mar 19, 2015 5:58am
Quoting honeill
EURUSD had a high volatile session yesterday with a 467 pips range after Fed's monetary policy statement. The Dovish tone coming out from the Feds statement triggered a short squeeze pushing the pair to 1.1034 so today should be a digestion day, meaning that the price should stay inside the previous day range.
You mean inside the 467 pip range? You are a regular genius. Hats off to your extraordinary analyst there.
  • #971,187
  • Mar 19, 2015 6:01am Mar 19, 2015 6:01am
Quoting Rockerzeus
{quote} or 0752?
0642
those who can, do. those who cant, talk about those who can
  • #971,188
  • Mar 19, 2015 6:01am Mar 19, 2015 6:01am
Could someone here take the time to explain how you decide to enter and exit a trade ??? What indicators and what time frames do you use ?? Like stochastic or RSI or MACD ?? SMA's ?? Most of you seem to have a general idea as to where the price is most likely headed to ?? Is that all intuitions and experience ??
Everything you want lies on the other side of fear.
  • #971,189
  • Mar 19, 2015 6:01am Mar 19, 2015 6:01am
I think if the Philly data matches the rest of the data coming from the US (minus NFP) then the Euro could push higher again today/
  • #971,190
  • Mar 19, 2015 6:11am Mar 19, 2015 6:11am
Lost 20% of my account, was short for the Fomc... managed to catch short from 1.960 and rode it down this morning, long from 1.660 now, at present have no loss, but i have a feeling what i'm doing is not trading, more like gambling... may need to take some time out and get my shit together.
All My Opinions, Are Just That, My Opinion!!!
  • #971,191
  • Mar 19, 2015 6:14am Mar 19, 2015 6:14am
Quoting scouse12345
Lost 20% of my account, was short for the Fomc... managed to catch short from 1.960 and rode it down this morning, long from 1.660 now, at present have no loss, but i have a feeling what i'm doing is not trading, more like gambling... may need to take some time out and get my shit together.
I lost more than you did. I agree...a bit of time out helps. Don't give up, though.
  • #971,192
  • Mar 19, 2015 6:14am Mar 19, 2015 6:14am
Quoting scouse12345
Lost 20% of my account, was short for the Fomc... managed to catch short from 1.960 and rode it down this morning, long from 1.660 now, at present have no loss, but i have a feeling what i'm doing is not trading, more like gambling... may need to take some time out and get my shit together.
So you have hope for realizing what went wrong.
Fix up, trade sharp ...
  • #971,193
  • Mar 19, 2015 6:17am Mar 19, 2015 6:17am
Quoting Hickson
{quote} So you have hope for realizing what went wrong.

I was wrong to trade the Fomc, without knowing the implications, i had one trade short Euro, and 1 trade long Usd/Chf, 10 mins before Fomc, i was flat, too tempted to be in a trade, itchy mouse finger and nearly paid heavily, such is life, no news trading for me again.
All My Opinions, Are Just That, My Opinion!!!
  • #971,194
  • Mar 19, 2015 6:21am Mar 19, 2015 6:21am
Quoting scouse12345
Lost 20% of my account, was short for the Fomc... managed to catch short from 1.960 and rode it down this morning, long from 1.660 now, at present have no loss, but i have a feeling what i'm doing is not trading, more like gambling... may need to take some time out and get my shit together.
I went short just after FOMC as I knew price was coming down. Stupid me I should have waited till the dust had settled, even if it meant losing out on a few pips.
The market spiked and I got cut off and had major losses. Now as per what I predicted, the market went back down...If only I shorted a bit later.

Lesson to myself: Wait until dust settles during big event before entering a trade...
Up and coming champion Pip collector.
  • #971,195
  • Mar 19, 2015 6:21am Mar 19, 2015 6:21am
Quoting scouse12345
{quote} I was wrong to trade the Fomc, without knowing the implications, i had one trade short Euro, and 1 trade long Usd/Chf, 10 mins before Fomc, i was flat, too tempted to be in a trade, itchy mouse finger and nearly paid heavily, such is life, no news trading for me again.
It happened to me too when I started, and to most, even though they would not admit they ever did something stupid.
Fix up, trade sharp ...
  • #971,196
  • Mar 19, 2015 6:26am Mar 19, 2015 6:26am
Quoting scouse12345
Lost 20% of my account, was short for the Fomc... managed to catch short from 1.960 and rode it down this morning, long from 1.660 now, at present have no loss, but i have a feeling what i'm doing is not trading, more like gambling... may need to take some time out and get my shit together.
Better to discard gambling from your forex vocabulary. Firstly, it has a negative connotation. Secondly, sooner or later, you would then redefine the word gambling to most of your trades even though you are trading. You can't be successful when you have too much negativity in your mind while trading.
Life only tastes good when you eat what you kill.
  • #971,197
  • Mar 19, 2015 6:27am Mar 19, 2015 6:27am
Quoting Hickson
{quote} It happened to me too when I started, and to most, even though they would not admit they ever did something stupid.
Yep, I was done trading yesterday by 12 est and saw the 30 pip spreads come up at 2 est and walked away,,,,, trading such events for me is like being the bug or the windshield,,,, usually Im the bug. Waited for 3 est and was able to score 70+ pips without all the spread costs and some of the whipsaws.
  • #971,198
  • Mar 19, 2015 6:29am Mar 19, 2015 6:29am
Quoting Hickson
{quote} It happened to me too when I started, and to most, even though they would not admit they ever did something stupid.
It was quite interesting to watch, the market gave people time around 1.0780-820 to load more shorts thinking they were realatively safe, and well we all knew what happened next, blew up 200 odd pips in a matter of seconds, not to worry, was a mistake that won't be repeated.
All My Opinions, Are Just That, My Opinion!!!
  • #971,199
  • Mar 19, 2015 6:32am Mar 19, 2015 6:32am
I was carrying EUR, AUD shorts and JPY longs, lost gains which were not locked in, plus 1.5 percent. Risk management is key.. you got insane risk, a 20percent loss is over leveraging and dangerous, you can learn from this because these things do and WILL happen...
  • #971,200
  • Mar 19, 2015 6:34am Mar 19, 2015 6:34am
FOMC showed again that it is very reluctant to tighten its monetary policy, but it doesn't mean tha EURUSD will strengthen in a longer run, shorting is still attractive
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