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EURUSD

  • #996,421
  • Jun 2, 2015 12:37pm Jun 2, 2015 12:37pm
Quoting FXMori
{quote} I'm a theoretical physics, so i'm little biased about this thing. There is a lot of thing that i don't know about fx and i keep learning, but my reasoning is this: Fx market has a total money amount. it can change, people may take out their money and buy houses, cars, stocks and whatever. But let assume that during a single day the total amount of money in the game doesn't change that much. In that case since more than 25% of trades are made on eur/usd a big move in this pair starts a chain reaction in all other pair involving the dollar...
Also, I'd advise you to spend time finding better sources of information rather than trying to learn anything from here.
  • #996,422
  • Jun 2, 2015 12:39pm Jun 2, 2015 12:39pm
Quoting ryder950
{quote} I like your thoughts. Interesting.
I really appreciate that Mate...More too often some retail traders think that Technical
Analysis is the ONLY THING for anyone to be successful in this Market.....

This is wrong, and a bad mentality for new traders to embrace.....

Information and News event have the ability to create Volatility, but as traders,
we have to identify key levels where price is most likely to travel in order to assess our risk
aversion...

I do enjoy reading a good Fundamental analysis, and when most traders see the same thing
in the Market, we tend to make tons of pips with PEACE of MIND!!!!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #996,423
  • Jun 2, 2015 12:42pm Jun 2, 2015 12:42pm
guys any suggestions in trading against bias for scalping???
  • #996,424
  • Jun 2, 2015 12:43pm Jun 2, 2015 12:43pm
Quoting jaxx80
{quote} Gator, could you please share how do you spread the risk between the 3 trades (generally speaking about the case when you open more than 1 trade at the same level)? are they with the same size? do you intend to close them at different TP levels? Thanks
i use different size trades with = risk % wise. a successful trade close to the risk is a larger size trade with the same risk as the further one. just an example for easy math.. lets say i short 1205 with a 1%* risk and 1220 as a s/l,, on a failed trade i lose that 1%. (*x2). on a good trade i make 1% each 15 pips of drop. if i have one with = 1% risk at 1190. with the same 1220 stop, i lose the same 1% and gain 1% each 30 pip drop.. if both of these trades were good trades running. i would make 3% each 30 pip drop.. just an example..
those who can, do. those who cant, talk about those who can
  • #996,425
  • Jun 2, 2015 12:44pm Jun 2, 2015 12:44pm
Aloha

I am still to buy, because the Greeks will repay their debt and the euro will be strengthened. Behind stand the Russians, and also Europe dares not afford to exit one country because that would trigger a chain reaction. Of course this is just my opinion.

nice pipin
  • #996,426
  • Jun 2, 2015 12:54pm Jun 2, 2015 12:54pm
Coming day[s] IMO
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 48 KB
To live a successful life, we must lose our fear of being wrong
  • #996,427
  • Jun 2, 2015 12:56pm Jun 2, 2015 12:56pm
Quoting gatorinla
{quote} i use different size trades with = risk % wise. a successful trade close to the risk is a larger size trade with the same risk as the further one. just an example for easy math.. lets say i short 1205 with a 1%* risk and 1220 as a s/l,, on a failed trade i lose that 1%. (*x2). on a good trade i make 1% each 15 pips of drop. if i have one with = 1% risk at 1190. with the same 1220 stop, i lose the same 1% and gain 1% each 30 pip drop.. if both of these trades were good trades running. i would make 3% each 30 pip drop.. just an example..
my favorite is, a trade that has a void, with a strong move against it. uj had one of those last night i didnt take. near 125.072, but w/o 125.08
those who can, do. those who cant, talk about those who can
  • #996,428
  • Jun 2, 2015 12:57pm Jun 2, 2015 12:57pm
Quoting dan2boy
guys any suggestions in trading against bias for scalping???
10 pips scalps at maximum right now... do you think it's worth the risk?
Live and Keep Calm
  • #996,429
  • Jun 2, 2015 12:58pm Jun 2, 2015 12:58pm
Quoting berchetone
Aloha I am still to buy, because the Greeks will repay their debt and the euro will be strengthened. Behind stand the Russians, and also Europe dares not afford to exit one country because that would trigger a chain reaction. Of course this is just my opinion. nice pipin
Im with you but i wont open a trade when i dont understand what to eur if greeks news are falseBut this friday will be intense uf athen pays the first payment of debt
  • #996,430
  • Jun 2, 2015 1:00pm Jun 2, 2015 1:00pm
To berchetone


The qeustion is not whether to buy or sell, people make money both ways. The smarter question is when to buy or sell and what is your tp. Example today people buying euro made good money, those also sold when first hit 1.1190 also made good money. What differentiated today's winner and losers is the entry and exit.

If you are long term trader then ignore my answer.
  • #996,431
  • Jun 2, 2015 1:06pm Jun 2, 2015 1:06pm
Quoting EatPIPs
Coming day[s] IMO {image}
Hope your right.
Back from the dead * ding fries are done *
  • #996,432
  • Jun 2, 2015 1:10pm Jun 2, 2015 1:10pm
My charts seem to be getting ready for next USD short push.
"I know one thing, that I know nothing." Sokrates
  • #996,433
  • Jun 2, 2015 1:11pm Jun 2, 2015 1:11pm
Heres a tip.. Never risk more than 2% of your account.. if you have 100,000$, you must only risk 2000$

If you have a 100$ account, risk only 2$..

If you put too much lot size compared to your account you are more likely to take profit manually too early when you see your account growing..
Using 2% risk you are more likely to stick to your strategy
  • #996,434
  • Jun 2, 2015 1:11pm Jun 2, 2015 1:11pm
Quoting TheScalper15
To berchetone The qeustion is not whether to buy or sell, people make money both ways. The smarter question is when to buy or sell and what is your tp. Example today people buying euro made good money, those also sold when first hit 1.1190 also made good money. What differentiated today's winner and losers is the entry and exit. If you are long term trader then ignore my answer.
Hi

I trade only european time from 9 a.m. til US open. I made 10-12 trades per day with no stop loss and take profit. I take 5-10 pips per trade and thats it. When I am satisfied with profit I quit trading. I have learnd in last 10 years of trading that discipline is one of the most important factor in trading....

bt
  • #996,435
  • Jun 2, 2015 1:12pm Jun 2, 2015 1:12pm
Quoting dogytrader
There will be elections in Turkey this week thats why tryusd is around 2.67.. Its just manipulation the rate will be around 2.50-2.57 after the elections. Do I sell it no because I never sell usd but I am 99 percent sure of it.
Quoting dogytrader
After this move I changed it to 'was'. {image}
That was damn funny
  • #996,436
  • Jun 2, 2015 1:15pm Jun 2, 2015 1:15pm
Quoting Tom_D_Trader
My charts seem to be getting ready for next USD short push.
SaP disagrees a bit and holding below R, Oil seems fine but may test 60s, UJ wanna break intraday lows, GU wanna test 5346 but holding highs, EU wanna test 1,114 but also holding (forming something between triangle and bullish flag on m1 ), Xau holding above 1193 and wanna go 1200.
"I know one thing, that I know nothing." Sokrates
  • #996,437
  • Jun 2, 2015 1:16pm Jun 2, 2015 1:16pm
Quoting FXMori
{quote} I'm a theoretical physics, so i'm little biased about this thing. There is a lot of thing that i don't know about fx and i keep learning, but my reasoning is this: Fx market has a total money amount. it can change, people may take out their money and buy houses, cars, stocks and whatever. But let assume that during a single day the total amount of money in the game doesn't change that much. In that case since more than 25% of trades are made on eur/usd a big move in this pair starts a chain reaction in all other pair involving the dollar...
Hey FXMori,

Technically speaking, you have a point here, but this is not black or white where you find
a piece of information and run with it...I do have a background in physics but I try not to
use it here in Forex....

Forex Trading has an art aspect and a scientific aspect, but whatever the movement you
see on a daily basis is all Emotion-driven....And, this is why people tend to find an explanation
for all moves....

Now, to support your theorem, I would suggest that you go out and do some research on
Market Direction and Market Sentiment, and find their differences....

From a Long-term perspective EUR is very Bearish, but Today's Market Sentiment is very
Bullish....USD Dollar had some negative data this morning, so it causes the Market to go Down...
It might stay down for a day or 2, but clearly there's no correlation right now where if EUR is UP,
and USD has to go DOWN!!!

Remember that, Economic data creates Volatility all the time.......Long-term and Short-term!!!!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #996,438
  • Jun 2, 2015 1:23pm Jun 2, 2015 1:23pm
Quoting Tom_D_Trader
{quote} SaP disagrees a bit and holding below R, Oil seems fine but may test 60s, UJ wanna break intraday lows, GU wanna test 5346 but holding highs, EU wanna test 1,114 but also holding (forming something between triangle and bullish flag on m1 ), Xau holding above 1193 and wanna go 1200.
Ok, now how bout to kick them stops up to 1,121 for partials
"I know one thing, that I know nothing." Sokrates
  • #996,439
  • Jun 2, 2015 1:24pm Jun 2, 2015 1:24pm
L ucad for 30 pips
Attached Image
Sometimes it's better to be wrong,to learn..
  • #996,440
  • Jun 2, 2015 1:24pm Jun 2, 2015 1:24pm
Quoting ewriter
I don't understand today's EURUSD activity; but while it was quiet i was foolish enough to place a few shorts and this stopped out my account (i am with XM, with whom i have lost about EUR 18,000 so far as i did not know how to handle hedging properly, and still do not have a perfected strategy, though i was profitable previously with another broker, who does not allow high leverage). I don't mean to blame the market maker for my lack of trading succes; but i lost GBP 7500 when i was with FXCM and it seems there were many strange 'spikes' that often...
Hi...Ewriter
I have a suggestion...start very small and trade like a 200 dollar account and make at least 5 percent a month
if you are successfull...then increase your deposit to 1K and slowly escalate.
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