EURUSD | Page 53271 | 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

  • #1,065,401
  • Apr 28, 2016 2:20am Apr 28, 2016 2:20am
Quoting daraujo
Good Morning everyone I'm new year in the forex as well, i have 2 real acounts at diferents brokers, but yesterday i saw a big mistake between of them. So i'm gonna explain what happened and if someone could give me an explication i will apreciate so much, So the problem was about the candle from yesterday 19pm eur/usd the big one, and in my diferents plataformes mt4 was diferent, i just don't understand why, one give me the low at 1.1286 and high 1.1337 and the other one low 1.1271 and high 1.1360 both at 1h chart, atached image.Please someone...
Forex is OTC (over the counter), there is no central price, each broker and their LPs make their own price. Especially during the news the differences of high/low can be very different between brokers depending on their LP setup. Spread might have been big and the spread-spike itself can set a higher high / lower low than at your other broker. Most likely the broker with the higher high and lower low has a more weak LP setup so that spread spiked more than on your other broker, which MT4 then prints as different highs / lows, even if it was just because of a spread-spike that lasted just 1 tick long. Its just normal unfortunately during such hefty news. If you want a regulated central price, trade Forex Futures instead, that will suit you a lot better then.
  • #1,065,402
  • Apr 28, 2016 2:20am Apr 28, 2016 2:20am
Quoting geektrader
{quote} Wouldnt be to sure about this.... since everyone thinks exactly that, it could be priced in already by the traders. So EURUSD might as well drop or do nothing at all. That up-spike we just had that hit the previous high of the last days is also interesting, now the big boys got their previous high hit already and can let it drop...
Well i see the EUR/USD run at least to the previous swing high @ 1.1398 and depending on the stops above it could run even further to 1.1459.
  • #1,065,403
  • Apr 28, 2016 2:22am Apr 28, 2016 2:22am
Quoting Jonstaples
{quote} Well i see the EUR/USD run at least to the previous swing high @ 1.1398 and depending on the stops above it could run even further to 1.1459.
My comments are rather focused on the short term, I made my 40 pips on the first drop, which was what I meant with my comment. But it was the usual game, hit high, hit low, hence kill all stops, then go back where weve been. The previous high was hit right before FOMC already, so it was clear that the first reaction will be a drop to the previous lows, hence I did go short before FOMC. Its all the usual bullcrap of the "big boys" LOL And they get retail traders over and over again with such a simple tactic.
  • #1,065,404
  • Apr 28, 2016 2:23am Apr 28, 2016 2:23am
Told ya to fill long again up to DR1
Member
  • #1,065,405
  • Edited 2:41am Apr 28, 2016 2:27am | Edited 2:41am
Well... so far so good

I have 3 running trades in this move up.
I just placed my TP around end of my estimated wave iii (around pivot R2)
I changed my SL to just below the low of the daily Heiken Ashi candle (around 1,1280)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 21 KB
You can manage risk, but you can't manage the return
  • #1,065,406
  • Apr 28, 2016 2:37am Apr 28, 2016 2:37am
Quoting procrude
{quote} Welcome to Forex Factory. I can see this is your first post. Just a recommendation: Please hide your account number in your images have Fun... wish you lots of PIPS
Hello, great to meet all traders here. OK, thanks I will hide the acc number next time! Wishing you a lot of pips too.

Below are my morning trades, I was just shorting bounces of EURUSD, little bit messy, but ended well!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-morning-trades.png Size: 83 KB
  • #1,065,407
  • Apr 28, 2016 2:48am Apr 28, 2016 2:48am
Quoting geektrader
{quote} Forex is OTC (over the counter), there is no central price, each broker and their LPs make their own price. Especially during the news the differences of high/low can be very different between brokers depending on their LP setup. Spread might have been big and the spread-spike itself can set a higher high / lower low than at your other broker. Most likely the broker with the higher high and lower low has a more weak LP setup so that spread spiked more than on your other broker, which MT4 then prints as different highs / lows, even if it...
Thank you for your explication, i just thought one of the brokers as fake....really thanks
  • #1,065,408
  • Apr 28, 2016 2:52am Apr 28, 2016 2:52am
Quoting TudorIoan
BoJ hits ?! U/J kicks the dollar? ...easy, eu bully, bully, ...easy! {quote} Wow, those aren't the only ones diferences ...there are more daraujo trader, it doesn't matter what happened, I mean scammers have no limits! ...don't fight them! Just protect your work! In order to do that just compare your brokers charts with the solid source as FF here ones and eliminate the broker who doesn't stick with the real one. Simple as that
Thank you Tudor, even the indicators for my stategie doesn't work the same, like you said i'm gonna choice the better broker..
  • #1,065,409
  • Apr 28, 2016 3:27am Apr 28, 2016 3:27am
good morning to all, hope we will see 1,14** today...
  • #1,065,410
  • Edited 4:20am Apr 28, 2016 3:29am | Edited 4:20am
Quoting HappyMe
Well... so far so good I have 3 running trades in this move up. I just placed my TP around end of my estimated wave iii (around pivot R2) I changed my SL to just below the low of the daily Heiken Ashi candle (around 1,1280) {image}
mhhh...... we made some tails in the hourly... indicating resistance.
besides that is the count hinting to a retracement. I think we now see a flat...

I closed my trades with 125 pips profit

I'm waiting and hoping we indeed see that flat...for entering again with a buy... if so than this move down must be a 5-wave move (it looks messy for now )

Anyway if we have a break of the 1.1367.... I'm in again for my target of wave iii around 1.1408 (Daily Pivot R2)
Attached Images
You can manage risk, but you can't manage the return
  • #1,065,411
  • Apr 28, 2016 3:31am Apr 28, 2016 3:31am
Quoting daraujo
Good Morning everyone I'm new year in the forex as well, i have 2 real acounts at diferents brokers, but yesterday i saw a big mistake between of them. So i'm gonna explain what happened and if someone could give me an explication i will apreciate so much, So the problem was about the candle from yesterday 19pm eur/usd the big one, and in my diferents plataformes mt4 was diferent, i just don't understand why, one give me the low at 1.1286 and high 1.1337 and the other one low 1.1271 and high 1.1360 both at 1h chart, atached image.Please someone...
As some people have already mentioned. Forex is DEcentralized. That means each broker has it's own liquidity providers and in the big events ( important news, speeches, bank meetings, natural disasters ) it may come to big volatility in market. So high/lows may be different between brokers.

BUT, if you get strange spikes in mid of calm sessions or maybe even near your stop losses then you might reconsider changing your broker, because that practice is called stop hunting ( from your unhonest broker ).

I hope I clarified things for you.

ValentinoFx
  • #1,065,412
  • Apr 28, 2016 3:54am Apr 28, 2016 3:54am
Quoting ValentinoFx.
{quote} As some people have already mentioned. Forex is DEcentralized. That means each broker has it's own liquidity providers and in the big events ( important news, speeches, bank meetings, natural disasters ) it may come to big volatility in market. So high/lows may be different between brokers. BUT, if you get strange spikes in mid of calm sessions or maybe even near your stop losses then you might reconsider changing your broker, because that practice is called stop hunting ( from your unhonest broker ). I hope I clarified things for you. ValentinoFx...
Thanks Valentino yes i understood from the other answer....lucky trades
  • #1,065,413
  • Apr 28, 2016 3:55am Apr 28, 2016 3:55am
Quoting zapiron
good morning to all, hope we will see 1,14** today...
Hi, if you are a buyer, you better set your expectations @1.1395 ...it seems safer if eventually violent rejection happens at the monthly mid + last week's high ...as happened on 21st of Apr.
Member
  • #1,065,414
  • Apr 28, 2016 4:40am Apr 28, 2016 4:40am
Anyone here know how to become commercial member?
  • #1,065,415
  • Apr 28, 2016 5:49am Apr 28, 2016 5:49am
Quoting HappyMe
{quote} mhhh...... we made some tails in the hourly... indicating resistance. besides that is the count hinting to a retracement. I think we now see a flat... I closed my trades with 125 pips profit I'm waiting and hoping we indeed see that flat...for entering again with a buy... if so than this move down must be a 5-wave move (it looks messy for now ) Anyway if we have a break of the 1.1367.... I'm in again for my target of wave iii around 1.1408 (Daily Pivot R2) {image} {image}
this move from the last high is not a 5-wave move I think.... So in that case we do not have a flat!

Well in that case...it must be a retracement in the up-move....
Can't make a real thing out of it...it's messy with the slow up-down-up-down moves.... So i must be neutral with a small favor to the upside
You can manage risk, but you can't manage the return
  • #1,065,416
  • Apr 28, 2016 6:51am Apr 28, 2016 6:51am
Quoting HappyMe
{quote} this move from the last high is not a 5-wave move I think.... So in that case we do not have a flat! Well in that case...it must be a retracement in the up-move.... Can't make a real thing out of it...it's messy with the slow up-down-up-down moves.... So i must be neutral with a small favor to the upside
The only solution I can make out of this mess is an irregular triangle.....

Well time will tell.... => waiting modus
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 13 KB
You can manage risk, but you can't manage the return
  • #1,065,417
  • Apr 28, 2016 6:55am Apr 28, 2016 6:55am
till now, 13 months of congestion...(great for overbuy oversell traders) but when will start it will be brutal, you know... be ready...

i'm still short, rr it' good, but i'm risky too much at this time (-7%) for a long term profit .

cmon boring pair MOVE!
  • #1,065,418
  • Apr 28, 2016 7:20am Apr 28, 2016 7:20am
i think this week go back to > 1.128 pls tell me if i'm think wrong

careful Unemployment Claims sometime not thing sometime make graph fast and furious
  • #1,065,419
  • Apr 28, 2016 7:33am Apr 28, 2016 7:33am
Quoting hathor
{quote} means this level is very welcome in my strategy. Had sell signals at diff. time frames at ~avg. /just under/ 1.137xx. The signal comes when price left average at diff time frames (a little more complicated...). This means to me the following: the higher I can sell above 1.137xx, the happier I will be (better R:R, faster fading of upmoves, etc...). In case of fail the loss is less, while due to trailing...
Equilibrium is at 1.114xx, so should leave 1.137xx zone soon. Time will tell.
f(z)=z2+c
  • #1,065,420
  • Apr 28, 2016 7:45am Apr 28, 2016 7:45am
Quoting Mayly-May
i think this week go back to > 1.128 pls tell me if i'm think wrong careful Unemployment Claims sometime not thing sometime make graph fast and furious
1.128... hardly, this week is no big data coming
..and everybody waits for the June's BoJ & Fed's big news
...so stand by on daily common data
Don't worry, you are still in luck
Member
2,201 traders viewing now