EURUSD | Page 49269 | 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

  • #985,361
  • Apr 28, 2015 5:55pm Apr 28, 2015 5:55pm
Quoting KiwiTrada
Im thinking eu has entered dead mans land, weekly and monthly trend is still down, dailly attached shes approaching previous highs/resistance with a monthly 1154 just above Problem is yesterdays candle is often called a fubar candle a large body with fukall wick, meaning bulls had control virtually till close, accordingly was the power to drive thru the 50sma (steep) hence the deadmans land, little to early to try and get a short entry, especially with yesterdays fubar candle and too close to "a" resistance to buy best option is stay sidelines and...

oops forgot chart
Attached Image (click to enlarge)
Click to Enlarge Name: EU Dailly.png Size: 35 KB
If you are new to Forex? Say Goodbye to your account!!
  • #985,362
  • Apr 28, 2015 6:16pm Apr 28, 2015 6:16pm
Quoting TzarPips
{quote} interesting, see this happening soon? Set a short of 54010 but I cant say I see that happening anytime soon, left it there just in case the Aussies get ideas while I sleep.
Have a Pending sell at .54040
Lets see what happens
A good trader follows his rules, but great trader knows when to break them
  • #985,363
  • Apr 28, 2015 6:21pm Apr 28, 2015 6:21pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.h1u.png Size: 58 KB
  • #985,364
  • Apr 28, 2015 6:30pm Apr 28, 2015 6:30pm
Quoting KiwiTrada
Im thinking eu has entered dead mans land, weekly and monthly trend is still down, dailly attached shes approaching previous highs/resistance with a monthly 1154 just above Problem is yesterdays candle is often called a fubar candle a large body with fukall wick, meaning bulls had control virtually till close, accordingly was the power to drive thru the 50sma (steep) hence the deadmans land, little to early to try and get a short entry, especially with yesterdays fubar candle and too close to "a" resistance to buy best option is stay sidelines and...
Quoting Tom_D_Trader
{quote} Hi, both correction targets hold, now EU in a wannabeflag breaking 1,0855 now, while GU on Daily. EU targetting 1,0992 as primary, Brittish election inc about a week. ...
Hi Kiwi,

no mans land and hold for long in my charts as well , got primary hit, was target for both bulls and bears, but momentum pretty strong, all hit much sooner than expected, so can push a bit more north before correction. Not sure if has something to do with Fitch, but could be strong cash flow (UJ tops break pretty much nonscence now). But strong R anyway so think bad RR for long now and better wait. Deleveraged like 2/3ds - also GU . You buying that sterling?

edit: Also since we are forming so tight range it can be perhaps range BO shot (scalp).

T
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 110 KB
"I know one thing, that I know nothing." Sokrates
  • #985,365
  • Apr 28, 2015 6:44pm Apr 28, 2015 6:44pm
Quoting hxKenneth
{quote} This probably looks pretty scary now
thats why its called the aggressive portfolio and i never advised on anyone to follow it.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #985,366
  • Apr 28, 2015 6:54pm Apr 28, 2015 6:54pm
Quoting Tom_D_Trader
{quote} {quote} Hi Kiwi, no mans land and hold for long in my charts as well , got primary hit, was target for both bulls and bears, but momentum pretty strong, all hit much sooner than expected, so can push a bit more north before correction. Not sure if has something to do with Fitch, but could be strong cash flow (UJ tops break pretty much nonscence now). But strong R anyway so think bad RR for long now and better wait. Deleveraged like 2/3ds - also GU . You buying that sterling? edit: Also since we are forming so tight range it can...
certainly have, for now just managing earlier entries she is similar to eu deadmans lands for now , see if she can make 5413 and see what that produces, if I remember last discussion were looking for medium to long term longs, and most were shy because of elections etc edit yesterdays was fubar candle too
If you are new to Forex? Say Goodbye to your account!!
  • #985,367
  • Edited 7:21pm Apr 28, 2015 7:01pm | Edited 7:21pm
Quoting KiwiTrada
{quote} certainly have, for now just managing earlier entries she is similar to eu deadmans lands for now , see if she can make 5413 and see what that produces, if I remember last discussion were looking for medium to long term longs, and most were shy because of elections etc edit yesterdays was fubar candle too
Yy, we were talking bout that number like 2 month ago,..and elections mess.. I lost some on ,52 break and then 5055, then I was flat and started to enter last week (Actually had one long run from 1,474 but first was fake and made a LL so ended BE) . See, I even have your number in chart. Is gold

Edit: Speaking of last push and Fitch, cant skip UJ, also on S and pressing (couldnt resist, but is "scalp" and will close pretty soon).
Edit: Nikkei also looking could correct and be a trigger - but it is only h1, and could be bullish flag..so . Not confirmed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 92 KB
Click to Enlarge Name: untitled2.JPG Size: 86 KB
Click to Enlarge Name: trigger.JPG Size: 81 KB
"I know one thing, that I know nothing." Sokrates
  • #985,368
  • Apr 28, 2015 7:15pm Apr 28, 2015 7:15pm
Quoting Tom_D_Trader
{quote} Yy, we were talking bout that number like 2 month ago,..and elections mess.. I lost some on ,52 break and then 5055, then I was flat and started to enter last week (Actually had one long run from 1,474 but first was fake and made a LL so ended BE) . See, I even have your number in chart. Is gold {image}
yep will be interesting if gets there the reaction, so far this year has been best ever start for me especially cable and UC not sure if you are aware of the may thing, for eu but even with such a big fall from last years, shes actually looking quite good at the moment considering next week may 7th is nfp, so will be looking between now and then to build positions, we are entering a tricky period maybe 7 days worth, Im thinking you got the right attitude to flip to scalping
If you are new to Forex? Say Goodbye to your account!!
  • #985,369
  • Edited 7:52pm Apr 28, 2015 7:26pm | Edited 7:52pm
Quoting KiwiTrada
{quote} yep will be interesting if gets there the reaction, so far this year has been best ever start for me especially cable and UC not sure if you are aware of the may thing, for eu but even with such a big fall from last years, shes actually looking quite good at the moment considering next week may 7th is nfp, so will be looking between now and then to build positions, we are entering a tricky period maybe 7 days worth, Im thinking you got the right attitude to flip to scalping
Indeed my friend, very important time. I kinda feel sorry I have deleveraged, as wanted to be loaded as much as possible pre 7th - speaking of GU now. I wasnt watching NFP, but Brittains voting on the very same day. Could be good to be loaded.

Edit: Btw, I have deleveraged +- here, so thinking of reload for that range BO. The reason I did it is coz PA missed many retracements (now watching ,526), move was too quick, am not in physics, but action and reaction. Think EG short also worth a shot after 71719 hold.

Edit: Y, think I reload..
"I know one thing, that I know nothing." Sokrates
  • #985,370
  • Apr 28, 2015 7:27pm Apr 28, 2015 7:27pm
[quote=genghistar;8231128]{quote} Further to my last post of which I wish to add that despite topping signal being triggered last night and holding level@10770 holds COULD indicate that PA may be gunning for the higher spectrum of this range which is located@11025 level. Pls be alert and stay nimble in trading this enigmatic range. GS.[/quote


Follow up to my last post and just as I anticipated, PA is indeed pushing the envelop of this high end of the range. Interestingly it is panning out on the eve of a critical and market changing news event (FOMC). My take is if 11025 is breached and 10850 holds and/or it decides to take out 11100 straight away with 10975 holding, then we will have a bigger corrections on hand stretching as high as 11250-11620 max(beyond this trigger a m/t trend change which is highly unlikely). If not then its back to the frustrating ding dong battle again.

I would also like to emphasize that there is nobody not even the most powerful c/bs can know where the price will finally go due to the enormity and unregulated nature of this forex business AND what one can do is only learn how to follows its foot-print(with 20-60pips behind) wherever and whenever it takes ones to.

Take care good luck and trade well.......

GS.
  • #985,371
  • Apr 28, 2015 7:53pm Apr 28, 2015 7:53pm
Quoting Tom_D_Trader
{quote} Indeed my friend, very important time. I kinda feel sorry I have deleveraged, as wanted to be loaded as much as possible pre 7th - speaking of GU now. I wasnt watching NFP, but Brittains voting on the very same day. Could be good to be loaded. Edit: Btw, I have deleveraged +- here, so thinking of reload for that range BO. The reason I did it is coz PA missed many retracements, move was too quick, am not in physics, but action and reaction. Think EG short also worth a shot after 71719 hold.
nope the move was not to quick or not in physics if you look at monthly is has bbeen asically duplicating last months candle, the dynamics so far have been about as clear as you are going to get, if you look at jan feb march april candles it is crystal clear taking feb as inside bar or even march as encompassing whatever one wants to call them was 1st clue trend was very strong down since june july last year
then add the monthlys S&R then track to the left with the cluster of monthly open and closes (7 months worth) and finally the ma,s (whenever ma,s are flat lineing a shit storm is in progress, my thought is then is good time to identify the shit storm Hiigh & Low and trade it, buy the bottom and or sell the top, (trend is not so important in this phase) but need to have a medium to long term view, if a bottom is in place, this girl has a huge chunk of meat still left in it, if she is going to range like she did to the left, can equally hunt pips with the shit storm range, I am putting the top of range as 5413 and that why I see it as pivotal for both bear and bull
sorry to dribble so much words, but I really think the next 7 days are going to be so important for possible the rest of this years trading, right now she in dead mans land
note for other shit, swissy is compressing tightly check 200 & 50 sma,s 1hr 4hr and dailly (something is brewing )
Attached Image (click to enlarge)
Click to Enlarge Name: eu monthly.png Size: 35 KB
If you are new to Forex? Say Goodbye to your account!!
  • #985,372
  • Apr 28, 2015 11:02pm Apr 28, 2015 11:02pm
Based on my analysis, current Market is perfectly positioned for a huge whipsaw down then up (80-150pips) or a straight down PA pre FOMC.....such a tricky ploy. Its advisable to sit on your hands and not get suckered by those MM. If you have to trade, be alert and nimble.

Good luck,

GS.
  • #985,373
  • Apr 28, 2015 11:14pm Apr 28, 2015 11:14pm
Quoting genghistar
Based on my analysis, current Market is perfectly positioned for a huge whipsaw down then up (80-150pips) or a straight down PA pre FOMC.....such a tricky ploy. Its advisable to sit on your hands and not get suckered by those MM. If you have to trade, be alert and nimble. Good luck, GS.
You Buying or Selling ?
A good trader follows his rules, but great trader knows when to break them
  • #985,374
  • Apr 28, 2015 11:33pm Apr 28, 2015 11:33pm
Quoting ill_be_back
{quote} You Buying or Selling ?

As the saying goes, if you can't convince people, confuse them.
  • #985,375
  • Apr 28, 2015 11:51pm Apr 28, 2015 11:51pm
Quoting ill_be_back
{quote} You Buying or Selling ?
Right now I am sitting on my hands but I am planning to do a shortgun buy trade if PA allows @10900-10910 with SL@10885 for TP@11049. If not I will wait after FOMC for my next subsequent trade set-up.

GS.
  • #985,376
  • Apr 29, 2015 12:38am Apr 29, 2015 12:38am
SHORT GU at 1.53454, SL 1.53490
A good trader follows his rules, but great trader knows when to break them
  • #985,377
  • Apr 29, 2015 12:53am Apr 29, 2015 12:53am
Quoting ill_be_back
SHORT GU at 1.53454, SL 1.53490
i guess you're a scalper but do be careful when you trade against such strong bull trend.
  • #985,378
  • Apr 29, 2015 12:59am Apr 29, 2015 12:59am
Quoting comeinvest
{quote} i guess you're a scalper but do be careful when you trade against such strong bull trend.
Just Experimenting will lose only 3.6 if wrong
A good trader follows his rules, but great trader knows when to break them
  • #985,379
  • Apr 29, 2015 1:01am Apr 29, 2015 1:01am
Quoting comeinvest
{quote} i guess you're a scalper but do be careful when you trade against such strong bull trend.
strong bull will be only defeated by strong bear. not weak bear.
let's see
  • #985,380
  • Apr 29, 2015 1:05am Apr 29, 2015 1:05am
Quoting ill_be_back
SHORT GU at 1.53454, SL 1.53490
S/O
A good trader follows his rules, but great trader knows when to break them
265 traders viewing now