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  • #1,064,041
  • Apr 12, 2016 3:57am Apr 12, 2016 3:57am
When eurusd gives a +80 pips 60min candle (im not saying it will be today), thats when you know it gave the finger to all those that are short.
  • #1,064,042
  • Apr 12, 2016 3:58am Apr 12, 2016 3:58am
whipsaw
  • #1,064,043
  • Apr 12, 2016 3:58am Apr 12, 2016 3:58am
Quoting TudorIoan
Possible that dovish Fed & ECB's QE to drag EU sideways longer ...until someone will have another unscheduled meeting LOL
No, its a matter of time until it breaks higher, I think it will be any time this week. Thats what happens when too many traders are short.
  • #1,064,044
  • Apr 12, 2016 4:00am Apr 12, 2016 4:00am
Quoting limp
{quote} Looks like eurusd took some small stops out, thank God I was long, like I told you. I know its not much, only 40 pips, wait until it takes out he big stops.
The RR for a short position is way better now then trying to get in long and going short term. Next thing they will have another Greece crisis or british pound will leave and euro will tank 500 pips.
All posts are my personal opinion
  • #1,064,045
  • Apr 12, 2016 4:07am Apr 12, 2016 4:07am
Quoting Rtm
{quote} The RR for a short position is way better now then trying to get in long and going short term. Next thing they will have another Greece crisis or british pound will leave and euro will tank 500 pips.
It still would be so much better to just wait for big bear bar on daily,or we would be doing the obvious selling when its actually going up.
I am sure many people have been trying to sell it for last 200 pips or so,it still keeps going.
So i say we buy this thing till actually stops going up,that's a much better plan.
Chart says it
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDailybg.png Size: 27 KB
  • #1,064,046
  • Apr 12, 2016 4:09am Apr 12, 2016 4:09am
This pair is just so ever boring, wonder why anyone trades that crap....
  • #1,064,047
  • Apr 12, 2016 4:11am Apr 12, 2016 4:11am
Quoting limp
{quote} No, its a matter of time until it breaks higher, I think it will be any time this week. Thats what happens when too many traders are short.
initial momentum should be triggered by some bulls crowd possible animated by fed's dovish tone ...that fires the bears SLs
Member
  • #1,064,048
  • Apr 12, 2016 4:12am Apr 12, 2016 4:12am
Quoting 666Doom
{quote} It still would be so much better to just wait for big bear bar on daily,or we would be doing the obvious selling when its actually going up. I am sure many people have been trying to sell it for last 200 pips or so,it still keeps going. So i say we buy this thing till actually stops going up,that's a much better plan. Chart says it {image}
By then it is too late!!! Better just to keep trying, doesn't work get out try again! If you fail more than 3 times well you probably just need different timing method. Everyone trades their own way, and whatever works best for them then that is good.
All posts are my personal opinion
  • #1,064,049
  • Apr 12, 2016 4:12am Apr 12, 2016 4:12am
Quoting Rtm
{quote} The RR for a short position is way better now then trying to get in long and going short term. Next thing they will have another Greece crisis or british pound will leave and euro will tank 500 pips.
I know what you mean, I think its a trap to lure more traders to short eurusd. About Greece, you are right but it will be a long time until it will turn into a crisis and this is not eurusd of 2014, its way different than it used to be.
  • #1,064,050
  • Apr 12, 2016 4:13am Apr 12, 2016 4:13am
Quoting geektrader
This pair is just so ever boring, wonder why anyone trades that crap....
Are you seriosly asking this question?? Lowest spread, highest liquidity - just to name two ..
  • #1,064,051
  • Apr 12, 2016 4:13am Apr 12, 2016 4:13am
Quoting geektrader
This pair is just so ever boring, wonder why anyone trades that crap....
Because 'that crap' has made me over $700 in the last four days, that's why!
  • #1,064,052
  • Apr 12, 2016 4:15am Apr 12, 2016 4:15am
I am just reminding everyone what I wrote yesterday. There is a 58 billion euros bonds redemption this Friday. This amount of money is enough to kick any eurusd shorts in the nuts. How the market will soak it is another story, I think eurusd gains are far from over.
  • #1,064,053
  • Apr 12, 2016 4:16am Apr 12, 2016 4:16am
Quoting geektrader
This pair is just so ever boring, wonder why anyone trades that crap....
You know it is boring sometimes but that is just the way it works.
Eur/Usd far more stable pair to trade then other out there,have you seen gbp it move 100s of pips in few minutes,this pair is stable and predictable atleast,give a chance to enter,time to think and act.
And jpy pairs they are pretty hard to comprehend most of the time.
and swissy i wonder why anyone would wanna touch that turd after january 2015.
So we should wait,soon we will get a move on.
And it wont be tricky like the others out there.
Take care.
  • #1,064,054
  • Apr 12, 2016 4:18am Apr 12, 2016 4:18am
I know what he means when he says its a boring pair. Its only temporary. He didnt mean you cant make money out of it.
  • #1,064,055
  • Apr 12, 2016 4:19am Apr 12, 2016 4:19am
I should have added "right now". I donīt marry myself to just one pair. I trade whatever is tradable, and clearly EURUSD is not such a pair. Good right now GBPUSD, the *JPY pairs. Clear trends, easy money. No need for that range stuck crap EURUSD with stop clearings and stupid spikes in all directions LOL. Just saying, open your mind and look at the other pairs, there are many nice ones to be traded right now, and easy!
  • #1,064,056
  • Apr 12, 2016 4:19am Apr 12, 2016 4:19am
Quoting limp
When eurusd gives a +80 pips 60min candle (im not saying it will be today), thats when you know it gave the finger to all those that are short.
remember what happened after a 2500 pip 1h candle on USDCHF? i can happen on any other pair
When life gives you lemons, make lemonade
  • #1,064,057
  • Apr 12, 2016 4:20am Apr 12, 2016 4:20am
Quoting Rtm
{quote} By then it is too late!!! Better just to keep trying, doesn't work get out try again! If you fail more than 3 times well you probably just need different timing method. Everyone trades their own way, and whatever works best for them then that is good.
nicely said.
but i have had 8 BE hits in last 2 weeks they were all 40 plus pips,i wanted to catch a runner.
Sells are not working now.
Yes whatever works for someone they should use it,i am not shorting this without a sign anymore,it just wastes my time,i could have banked all that money instead of hoping a runner would happen,not my cup of tea.
Take care.
  • #1,064,058
  • Apr 12, 2016 4:21am Apr 12, 2016 4:21am
Quoting micho
{quote} remember what happened after a 2500 pip 1h candle on USDCHF? i can happen on any other pair
It cant because no other major currency has a floor. Such a move will not happen out of thin air. 500 - 700 pips, yes, over 2,000 pips, no way.
  • #1,064,059
  • Apr 12, 2016 4:22am Apr 12, 2016 4:22am
Even if there is a new tsunami in Japan usdjpy will not drop over 2,000 pips in a second, an hour or even a day. If the SNB puts the floor again in chf than maybe you will get over 1k pips in a few seconds.
  • #1,064,060
  • Apr 12, 2016 4:23am Apr 12, 2016 4:23am
Quoting micho
{quote} remember what happened after a 2500 pip 1h candle on USDCHF? i can happen on any other pair
lol its possible. but the chance of it happening is like .000000000000000001%
All posts are my personal opinion
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