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EURUSD

  • #1,058,301
  • Feb 24, 2016 1:29am Feb 24, 2016 1:29am
Pending Triggered
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A good trader follows his rules, but great trader knows when to break them
  • #1,058,302
  • Feb 24, 2016 1:30am Feb 24, 2016 1:30am
Institutional retail media says be careful of Brexit talks and watch for EURUSD to rebound after Brexit fears subside...

Here's a layman's wild view...

Total G7 viewer layman's viewpoint here...fantastical extrapolation here. Just surmising and guessing. Don't try to trade off it. And don't take it too seriously.

Grexit talks...Greece joined Euro because they thought that it would be good for their economy. EU wanted to boot them for debt and realized it could be a bad move and set precedent of other countries leaving, so decided to keep them. EU and Greece make a new deal. Greece stays in Euro, EURUSD goes up.

Brexit talks...Britain was and always has been reluctant to join EU from the beginning. To be seen as a "good ole boy" they reluctantly cooperated but was one of few (the only major EU country) to still retain their currency in circulation. Now that exiting from EU is becoming a possibility, politicians are pushing hard for it, BOE is currently gearing up contingency plans (ie probably regrading printing more quid and distributing it quickly). Britain's PM is recently actively hedging bets and trying to get guarantees with EU heads so that if they leave, they don't get discriminated against or politically shafted. Britain wants independence from EU, always has, and they will announce an exit as soon as they get current 50% or more general populace approval rating (which should happen by summer). EURUSD moves closer to parity or below. After Britain leaves, and other countries realize that EU taxation could be better handled by their own governments, Italy, France and Spain to move to follow independence from EU within 7 years or sooner. Euro currency goes back to what is derived from, the German mark within 12 years after they realized managing a bunch of smaller EU countries is a pain.

Personally, traveling to Europe was more interesting and more economical back when the local economies had their own local currencies. Bring back the Pound, French Franc, Deutsch Mark and Lira. Let's get more pairs to trade.

Disclosure: as of this posting, currently short EURUSD with a TP of 1.0974
  • #1,058,303
  • Feb 24, 2016 1:31am Feb 24, 2016 1:31am
max...i disagree with u on 4 of ur 5 points...forex doesnt have centralized pricing,thats true but does a pip or even 2 pips make so much difference?

a 500 intraday emini margin is the same leverage if not more than a forex account considering the emini is 50 buks a point
  • #1,058,304
  • Feb 24, 2016 1:34am Feb 24, 2016 1:34am
Quoting ill_be_back
Pending Triggered {image}
Where we take profit at?ty
  • #1,058,305
  • Feb 24, 2016 1:36am Feb 24, 2016 1:36am
Quoting virhan
{quote} Where we take profit at?ty
TP Open will see where this at NY
SL 3 above
A good trader follows his rules, but great trader knows when to break them
  • #1,058,306
  • Feb 24, 2016 1:43am Feb 24, 2016 1:43am
Quoting koainnn
max...i disagree with u on 4 of ur 5 points...forex doesnt have centralized pricing,thats true but does a pip or even 2 pips make so much difference? a 500 intraday emini margin is the same leverage if not more than a forex account considering the emini is 50 buks a point
Spoos have massive liquidity and 50 bucks a point but only 1 TicK spread most of the day 1 tick => 12.50

Also as mentioned no jacking around by brokers. simply impossible.

Can we end this discussion on the merits of trading SP futures over Forex?

They are two different instruments with two different fundamental functions and terms.

If this continues, you may as well start talking about the merits/demerits of stock option trading as well....When I last checked, this was and is basically still a EUR/USD discussion thread right? Not a general trading thread.

Let's get the trading instrument specific questions out of the way here...you can ask your broker or google it if you want/need more info, why waste time arguing about futures/forex.....Please, give us all a break.
  • #1,058,307
  • Feb 24, 2016 1:43am Feb 24, 2016 1:43am
Quoting koainnn
max...i disagree with u on 4 of ur 5 points...forex doesnt have centralized pricing,thats true but does a pip or even 2 pips make so much difference? a 500 intraday emini margin is the same leverage if not more than a forex account considering the emini is 50 buks a point
your simply wrong

even the maths is wrong

E-Mini $50 per point
current value = 1919 * $50 = $95,950
margin required = $4,750
= 20:1 leverage

end of discussion for me
  • #1,058,308
  • Feb 24, 2016 1:45am Feb 24, 2016 1:45am
max...now ur being obtuse...ive never been good in math so i'll leave it to someone else to figger out...whats the leverage at ninjatrader on a 500buk margin?
  • #1,058,309
  • Feb 24, 2016 1:48am Feb 24, 2016 1:48am
pip...we were discussing futures and forex leverages.....
  • #1,058,310
  • Feb 24, 2016 1:53am Feb 24, 2016 1:53am
Quoting comoestas
My momthly chart still holding the buy signal, What is your opinion about EURUSD next move? {image}
I said it before.

I'am short to the bottem.

Al long traders will be crushed on long term.
  • #1,058,311
  • Feb 24, 2016 1:55am Feb 24, 2016 1:55am
Quoting koainnn
pip...we were discussing futures and forex leverages.....
I understand.

Leverage is leverage.
More leverage applied = more risk applied
Less leverage applied = less risk applied.

No difference between futures and forex leverage in principal.

Applied is the key word here.

And personal appropriateness prevails, over amount of leverage available to trade.

Each of us needs to apply the appropriate amount of leverage according to our trading methods/ideas/risk appetite.

It really becomes a circular discussion.
  • #1,058,312
  • Feb 24, 2016 1:55am Feb 24, 2016 1:55am
Quoting koainnn
max...now ur being obtuse...ive never been good in math so i'll leave it to someone else to figger out...whats the leverage at ninjatrader on a 500buk margin?
It's exchanged regulated the margin will be exactly the same
  • #1,058,313
  • Feb 24, 2016 1:59am Feb 24, 2016 1:59am
Quoting vasily
{quote} lost soul dependent to something,go and get him, by teh way who is gator? edit: found him gatorinla,this 55k post guy,let him go,let him live a life outside forum
You're either part of the problem, or part of the solution.
Focus.
  • #1,058,314
  • Feb 24, 2016 2:00am Feb 24, 2016 2:00am
max..theres dozens of brokers offering 500 intraday margins on the emini...interactivebrokers even lowers it for intraday trading....the only time its regulated is if u hold overnite
  • #1,058,315
  • Feb 24, 2016 2:02am Feb 24, 2016 2:02am
EurUsd ====>
Sell Stop = 9950 / TP = 9758 / SL = 10195
if this order trigger ; open 2* lot Buy Stop = 10195 / TP = 10323 / SL = 9950
GL
do not stand out in the open with gun ;stand in the bushes with knife..
  • #1,058,316
  • Feb 24, 2016 2:04am Feb 24, 2016 2:04am
AudUsd ====>
Sell Stop = 71670 / TP = 71481 / SL = 72048
if this order trigger ; open 2* lot Buy Stop = 72048 / TP = 72242 / SL = 71805
GL
do not stand out in the open with gun ;stand in the bushes with knife..
  • #1,058,317
  • Feb 24, 2016 2:06am Feb 24, 2016 2:06am
I have 1.0945 as the last support after taking 1.1006. I will try a long as close as possible to it.
  • #1,058,318
  • Feb 24, 2016 2:11am Feb 24, 2016 2:11am
Quoting Connors
I have 1.0945 as the last support after taking 1.1006. I will try a long as close as possible to it.
Im too and at 1.0925... we will see, good trades!
  • #1,058,319
  • Feb 24, 2016 2:38am Feb 24, 2016 2:38am
Quoting goldfinch
{quote} Today's levels to watch for any longs are 1018 and 1044, we are still stuck in the same range as yesterday. My level to watch as support is 0987. These are "close" levels for scalping, not to be used for position trades. Can't see anything to warrant a position trade, the daily is only just starting to consolidate so scalps are the order of play. Even the scalp support at 0987 is only going to lead to 0959 once broken. Tight range, trade accordingly. Today is a day where large targets will never be reached. We need a fundamental shift to...

Thanks man, I do scalp time to time but in these tight ranges I cant. One really needs proper skills to scalp in this kind of market.
I really would like to understand why the price behaviour changed last two weeks. When I look at the 4H chart, it is easy to see the lack of volatility however it has been a nonstop run to the major trendline, too bad I noticed this a little too late. What could you say about that, what does usually happen after such price behaviour, on one hand I feel like it is getting to explode to the upside and get back what it lost in a few 4H bars on the other it gives me the feeling it may crash to 1.0700s. I am really confused tbh, cant make up my mind about the medium term and have a clear bias.
  • #1,058,320
  • Feb 24, 2016 2:50am Feb 24, 2016 2:50am
Quoting goldfinch
{quote} Your mistake is clear in your own words, "H4" and "bias", you are ignoring the lower TF's, that is where the focus is on. You need to force yourself to drop any bias. Look at the day in the morning and see what is feasible, a large move on the H4 isn't. Knowing what TF is driving the price and why is a skill that can't be learned quickly, dropping a bias is something you can do right away. Lots of traders made easy money in the beginning of the year, and most of last year, that is giving them a false sense of security or even ability, currencies...
Yeah one of those accounts is mine.. Believe me I am trying my best not to have any bias, it is just old habits. As soon as I start drawing a few lines on my chart, I begin to guess what will happen next. Stupid I know. Anyway, dont let me distract you mate. 1.1020 held again. No trades for me for the time being. It is always great to see here Finch.
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