EURUSD | Page 52143 | 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

  • #1,042,841
  • Dec 10, 2015 7:59am Dec 10, 2015 7:59am
Quoting gatorinla
{quote} i wouldn't be a bit surprised to see a long wick under 0964 on a 4,6,12, or 24h close.
Think 4D: History, Future, Now and Noise
  • #1,042,842
  • Dec 10, 2015 8:04am Dec 10, 2015 8:04am
I see. probably they wanted to test 1.0970 zone.
  • #1,042,843
  • Dec 10, 2015 8:06am Dec 10, 2015 8:06am
if this move was to test the seller at 1.0970 we are in for a break below 1.0930
  • #1,042,844
  • Dec 10, 2015 8:06am Dec 10, 2015 8:06am
Quoting giveachance
{quote} either bastards want to sell higher or they bought the low for 50 pip bounce
i would of said. short stops not safe under 0987 if i would had thought of it.
those who can, do. those who cant, talk about those who can
  • #1,042,845
  • Dec 10, 2015 8:08am Dec 10, 2015 8:08am
perhaps NY open faked

whats dpp?
  • #1,042,846
  • Dec 10, 2015 8:09am Dec 10, 2015 8:09am
Quoting gatorinla
{quote} i would of said. short stops not safe under 0987 if i would had thought of it.
carbon copy of the move they made on dragass day in the making
  • #1,042,847
  • Dec 10, 2015 8:09am Dec 10, 2015 8:09am
Quoting gatorinla
{quote} short stops below 0987 are vulnerable. more times than not.
like this,.. 0979 and 0963 offers some protection.. but they are below 0987..
those who can, do. those who cant, talk about those who can
  • #1,042,848
  • Dec 10, 2015 8:10am Dec 10, 2015 8:10am
EU moved in a 1000 pips box almost this year. 1.15 1.08 1.05 levels seem the key points. and I think it will not break anywhere,even with the fed rates hiking shocked.Christmas is coming,EU is done for this year.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 2015.png Size: 38 KB
A chart helps those who can read it.
  • #1,042,849
  • Dec 10, 2015 8:13am Dec 10, 2015 8:13am
Quoting gatorinla
{quote} like this,.. 0979 and 0963 offers some protection.. but they are below 0987..
So you still long?
  • #1,042,850
  • Dec 10, 2015 8:14am Dec 10, 2015 8:14am
Quoting Freelve
{quote} So you still long?
Quoting gatorinla
closed some longs for near 500 pips.. pickup later if retrace toward 088x
I guess yes .

Quoting Ken A
{quote} RIP
where have you been Ken
  • #1,042,851
  • Dec 10, 2015 8:17am Dec 10, 2015 8:17am
Quoting Pharm0r
{quote} It seems to me, in my vast knowledge of the subject (sarcasm...) that pivot trading, along with average range trading- takes a higher understanding of price action than "it touched this number so it should go to this number" trading methods. GU testing support turned resistance
you know whilst I appreciate the inferred compliment (well that's how I look at it anyway ) there are few secrets in this business and people have a habit of missing the obvious and complicating everything. some thoughts...

at any point in time an asset has a single price and it can go up or down
logically therefore at any given price a trader should know what to do buy, sell, close, or nothing - without this knowledge the trader is just thinking they can trade
charts merely show historical prices it is the human emotions of people willing to trade at a given price that move the price

now think about this:

you have a tall metal flag pole which like most gets thinner as it ascends
it's windy
predicting how much the flag pole will move in the wind is the objective
at the base it is easy to say it might move +/- 1mm in a very strong wind
1m up it might be +/- 3mm
4m up it might be +/- 30mm
8m up it might be +/- 200mm

the analogy here is: the wind represents the fundamentals (scrub that lets say facts and hope nobody wants a fundamental argument) that drive prices, the institutions that do the bulk of the buying and selling of the currencies are generally working at the bottom third of the pole, it's easy for them to predict the price movement, but of recent years using that knowledge they also dabble very successfully further up the pole but I digress. so with regards to the EU they are trading 1.XYnn where their focus is on XY not nn
Retailers with little capital and much leverage are looking to get a few pips out of nn this is like trying to accurately track and trade the movement of the top of the flag pole in that really strong wind and probably whilst standing on a step ladder
so the institutions are making decisions focused on 2 decimal places and retailers generally on 4 decimal places
so the game is naturally rigged before you even start because the retail focus is inside the institutional ranges, it's over leveraged, and poorly managed.

I will get to my point later on.....
  • #1,042,852
  • Dec 10, 2015 8:20am Dec 10, 2015 8:20am
Quoting edyraper
{quote} bought CAD
finally ...
  • #1,042,853
  • Dec 10, 2015 8:20am Dec 10, 2015 8:20am
Quoting Freelve
{quote} So you still long?
i could but why? i was waiting for 088x..to reload some... and 1086 or more to short. future pp seems to be 0985/87
Attached Image
those who can, do. those who cant, talk about those who can
  • #1,042,854
  • Dec 10, 2015 8:20am Dec 10, 2015 8:20am
GU rising , without UJ dropping , I guess my GJ short will burn ...
  • #1,042,855
  • Dec 10, 2015 8:21am Dec 10, 2015 8:21am
Quoting MaxDoom
{quote} you know whilst I appreciate the inferred compliment (well that's how I look at it anyway ) there are few secrets in this business and people have a habit of missing the obvious and complicating everything. some thoughts... at any point in time an asset has a single price and it can go up or down logically therefore at any given price a trader should know what to do buy, sell, close, or nothing - without this knowledge the trader is just thinking they can trade charts merely show historical prices it is the human emotions of people willing...
Nice Comment,

Do you still have the EU sells open? any target?
  • #1,042,856
  • Dec 10, 2015 8:23am Dec 10, 2015 8:23am
Quoting Pharm0r
{quote} It goes to show, in the case of "he who shall not be named"....that even when 800 pips wrong, with the proper lot sizing and patience, it can actually be difficult to lose money in this business The same cannot be said for the 1.4 EU buyers....unless of course their lot sizing is correct. Then perhaps in 5 years they can come back and say I told you so. Still rings true, with proper lot sizing....losing or winning just becomes a function of time
Actually, it's worth reading 'he who shall not be named' just to see the actual power of that concept. I've heard it said that proper money management is the only true holy grail in this business. But there is one more thing about the trading style of 'he who shall not be named' , which was that he didn't trade with no stops indiscriminately. He left shorts running, not longs, because of his fundamental view, which also has something to do with it.
  • #1,042,857
  • Dec 10, 2015 8:23am Dec 10, 2015 8:23am
Quoting edyraper
{quote} {quote} I guess yes . {quote} where have you been Ken
Thanks Edyraper, i missed gators earlier post. I don't have any positions open at the moment. Still deciding my next move
  • #1,042,858
  • Dec 10, 2015 8:23am Dec 10, 2015 8:23am
i am long
10945 ,will think of short close to 10990.
watching closely
  • #1,042,859
  • Dec 10, 2015 8:23am Dec 10, 2015 8:23am
Quoting edyraper
{quote} and ... couldn't was busy with pound pairs . watching gold may break either way
seems like gold want DS1

Quoting piratachile
{quote} Nice Comment, Do you still have the EU sells open? any target?
Quoting MaxDoom
I will look to short EU again at the marked zone {image}
.
  • #1,042,860
  • Dec 10, 2015 8:25am Dec 10, 2015 8:25am
Quoting MaxDoom
{quote} you know whilst I appreciate the inferred compliment (well that's how I look at it anyway ) there are few secrets in this business and people have a habit of missing the obvious and complicating everything. some thoughts... at any point in time an asset has a single price and it can go up or down logically therefore at any given price a trader should know what to do buy, sell, close, or nothing - without this knowledge the trader is just thinking they can trade charts merely show historical prices it is the human emotions of people willing...
Fix up, trade sharp ...
368 traders viewing now