EURUSD | Page 50234 | 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

  • #1,004,661
  • Jun 27, 2015 2:46am Jun 27, 2015 2:46am
Quoting OctaveJay509
{quote} Hey Mate, There's a way for you to be successful in this Market, but you have to truly BELIEVE it.... There are 2 reasons why traders lose Money: #1 ---They always pick the Wrong Direction of the Market ( If you pick the wrong direction, and get stopped out, It's OKAY to Reserve your trade and follow the Trend.. Don't go find another pair to trade... #2---Their Stop-Loss is too tight ( having a fixed stop-loss is really not good for you, you have to take spread in consideration or market volatility ---If You pick the right...
you said fixed stop loss is not good for you? fixed stop loss is the only thing that can protect your balance when a black swan event happens
When life gives you lemons, make lemonade
  • #1,004,662
  • Jun 27, 2015 2:48am Jun 27, 2015 2:48am
we need to save all cute girl from greece..

we need save them...
  • #1,004,663
  • Edited 3:26am Jun 27, 2015 3:14am | Edited 3:26am
Quoting micho
{quote} you said fixed stop loss is not good for you? fixed stop loss is the only thing that can protect your balance when a black swan event happens
the best way to lose money is a tight initial stop loss, IMO. i agree to a fixed one, if 30+ pips away for black swan protection. also the infrastructure can break and your trade is alone. inside this range, handle the SL by yourself. once you can move it to BE+, all is fine. who says every trade must hit SL or TP ? this works for me.

30+ pips SL for scalping M5 & M1, BTW.
  • #1,004,664
  • Jun 27, 2015 3:34am Jun 27, 2015 3:34am
Quoting verified
{quote} the best way to lose money is a tight initial stop loss, IMO. i agree to a fixed one, if 30+ pips away for black swan protection. also the infrastructure can break and your trade is alone. inside this range, handle the SL by yourself. once you can move it to BE+, all is fine. who says every trade must hit SL or TP ? this works for me. 30+ pips SL for scalping M5 & M1, BTW.
i mean black swan event 2000 pips movement due to some event
if you nail the stop loss position, when the price hits it it means it will reverse then you reverse with a higher probability trade
if the reverse stop loss is hit then you reverse again with a more higher probability trade
if you chose the right trend with the right stops then price wont reverse more than 3 or 4 times maximum
so imagine how high the possibility of the last reverse, mega high probability with high leverage = money

do you want pips or money?
When life gives you lemons, make lemonade
  • #1,004,665
  • Jun 27, 2015 3:42am Jun 27, 2015 3:42am
Quoting micho
{quote} i mean black swan event 2000 pips movement due to some event if you nail the stop loss position, when the price hits it it means it will reverse then you reverse with a higher probability trade it the reverse stop loss is hit then you reverse again with a more higher probability trade if you chose the right trend with the right stops then price wont reverse more than 3 or 4 times maximum so imagine how high the possibility of the last reverse, mega high probability with high leverage = money
i don't trade like this ( reverse, reverse, reverse ... until it works ). i see the relevant trend for my timeframe and when it's aligned to the daily trend and when the price is OB or OS and has reversed i trade. even then the price can spike against me. this is when i sometimes cut after -10 pips already ( on very small TF's )
  • #1,004,666
  • Jun 27, 2015 3:44am Jun 27, 2015 3:44am
Quoting verified
{quote} i don't trade like this ( reverse, reverse, reverse ... until it works ). i see the relevant trend for my timeframe and when it's aligned to the daily trend and when the price is OB or OS and has reversed i trade. even then the price can spike against me. this is when i cut after -10 pips already ( on very small TF's )
everyone has his unique story i guess
When life gives you lemons, make lemonade
  • #1,004,667
  • Jun 27, 2015 4:16am Jun 27, 2015 4:16am
i got a question to ask.
last friday i got a sell stop at 1.114xx when monday market open there's a gap down at 1.110.
My sell stop will take place or still pending? Anyone know?
  • #1,004,668
  • Jun 27, 2015 4:34am Jun 27, 2015 4:34am
Quoting Ksth
i got a question to ask. last friday i got a sell stop at 1.114xx when monday market open there's a gap down at 1.110. My sell stop will take place or still pending? Anyone know?
not confirmed but sounds logical:

You Have a Buy Pending Order:

  1. If the market opens above your buy pending order, then you will enter where the market is opened, not where the order is set. It means your entry price will be higher than where you wanted to enter (outrage).
  2. If the market opens below your buy pending order, then you will not enter, and your pending order will remain intact.

3. You Have a Sell Pending Order:

  1. If the market opens below your sell pending order, then you will enter where the market is opened, not where the order is set. It means your entry price will be lower than where you wanted to enter (outrage).
  2. If the market opens above your sell pending order, then you will not enter, and your pending order will remain intact.

When life gives you lemons, make lemonade
  • #1,004,669
  • Jun 27, 2015 4:38am Jun 27, 2015 4:38am
Quoting micho
{quote} not confirmed but sounds logical: You Have a Buy Pending Order: If the market opens above your buy pending order, then you will enter where the market is opened, not where the order is set. It means your entry price will be higher than where you wanted to enter (outrage). If the market opens below your buy pending...
Thank you micho for the info.
  • #1,004,670
  • Jun 27, 2015 4:43am Jun 27, 2015 4:43am
Any predictions where EU/Usd will open on Sun?
Forex rules
  • #1,004,671
  • Jun 27, 2015 4:45am Jun 27, 2015 4:45am
Quoting Ksth
{quote} Thank you micho for the info.
FYI - the price has the tendency to close the WE gap.
  • #1,004,672
  • Jun 27, 2015 4:55am Jun 27, 2015 4:55am
Quoting dsb104
Any predictions where EU/Usd will open on Sun?
Keep on checking http://www.xe.com especially late on Sunday.
The trader IS the holy grail.
  • #1,004,673
  • Jun 27, 2015 4:58am Jun 27, 2015 4:58am
trend is your friend until it ends.- enter- picture of UC daily chart they day they pulled the peg..

lots of traders feel EU wouldn't make such a drastic move as that monster that day.. I still remember the losses
Barclays and other huge banks had that day..
  • #1,004,674
  • Jun 27, 2015 5:01am Jun 27, 2015 5:01am
Read latest with live updates on the Greek situation at http://www.theguardian.com/business/...b024248ae9a25e
The trader IS the holy grail.
  • #1,004,675
  • Jun 27, 2015 5:11am Jun 27, 2015 5:11am
Greek default seems almost certain because Eurozone finance ministers are very unlikely to accept Greece’s request for a short bailout extension to accommodate the referendum.
The trader IS the holy grail.
  • #1,004,676
  • Jun 27, 2015 5:16am Jun 27, 2015 5:16am
Quoting taru
Greek default seems almost certain because Eurozone finance ministers are very unlikely to accept Greeces request for a short bailout extension to accommodate the referendum.
I hope those ministers know what they do ...
  • #1,004,677
  • Jun 27, 2015 5:20am Jun 27, 2015 5:20am
Quoting 2012mysterio
trend is your friend until it ends.- enter- picture of UC daily chart they day they pulled the peg.. lots of traders feel EU wouldn't make such a drastic move as that monster that day.. I still remember the losses Barclays and other huge banks had that day..
EURCHF; the peg was at 1.200 - many of the buy orders prior to peg removal with sell stops below (50 -100 pips below 1.200) can not be filled because no buy orders until 0.96799 which is 2,320 pips apart from 1.200.

Do you think this will happen to EURUSD? The different when SNB remove the peg was during trading hours - while the risk for EURUSD is weekend opening downside gap. But then again no one can guarantee there won't be upside opening gap.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 61 KB


Quoting MissPips
{quote} Which part? Staying out or considering ditching EUR for UCAD?
EUR is second largest ccy - any fluctuations will affect all XXXUSD or USDXXX

Want to avoid the risk is totally flat
  • #1,004,678
  • Jun 27, 2015 5:47am Jun 27, 2015 5:47am
EUR/USD closed above the support line, I will have to wait till Monday opening to see if we are going to have a rebound or a break.
  • #1,004,679
  • Jun 27, 2015 6:13am Jun 27, 2015 6:13am
Quoting Ken A
{quote} EURCHF; the peg was at 1.200 - many of the buy orders prior to peg removal with sell stops below (50 -100 pips below 1.200) can not be filled because no buy orders until 0.96799 which is 2,320 pips apart from 1.200. Do you think this will happen to EURUSD? The different when SNB remove the peg was during trading hours - while the risk for EURUSD is weekend opening downside gap. But then again no one can guarantee there won't be upside opening gap. {image} {quote} EUR is second largest ccy - any fluctuations will affect all XXXUSD or USDXXX...
I highly doubt there will be anything similar to the SNB event because:
1. The SNB directly intervened by artificially installing and later removing the CHF peg. This is not the case here.
2. Greece makes up a tiny proportion of the Eurozone economy. Events there are not likely to engulf the rest of the 18 member countries and the sentiment around Euro will mostly remain unchanged except for spikes of a few hundred pips.

Just my 2 cents.
The trader IS the holy grail.
  • #1,004,680
  • Jun 27, 2015 6:47am Jun 27, 2015 6:47am
Quoting micho
{quote} i mean black swan event 2000 pips movement due to some event if you nail the stop loss position, when the price hits it it means it will reverse then you reverse with a higher probability trade if the reverse stop loss is hit then you reverse again with a more higher probability trade if you chose the right trend with the right stops then price wont reverse more than 3 or 4 times maximum so imagine how high the possibility of the last reverse, mega high probability with high leverage = money do you want pips or money?
-3000 pips all time and 120% profitable all time!!! you are martingaling it hard!! just donīt overleverage, which seems impossible, and make frequent withdraws..if so, that system may suits you, depending on your usage of leverage%risk control%moneymanagement!!
good luck
1,593 traders viewing now