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EURUSD

  • #1,101,261
  • Apr 3, 2017 2:21am Apr 3, 2017 2:21am
Quoting TudorIoan
{quote} I never make such predictions based only on technical situation mostly in the NFP week. I am affraid we should wait for the strong US economical data today to draw a conclusion about 1.0650 zone ...IMO edit: ...and FOMC speakers Good point, anyway
Prolly will go DOWN all the way to 1.04, Lets see
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A good trader follows his rules, but great trader knows when to break them
  • #1,101,262
  • Apr 3, 2017 2:22am Apr 3, 2017 2:22am
Quoting RainBowDash
Hello to everyone. I simply wanted to wish everyone a profitable month and I have one question. Do you think EU will drop down to its Daily Support 1 of 1.06390 or do you think it will go up first to it's daily r1 of 1.06895 ? Any chart which supports your claim would be appreciated!
I guess you're asking too much, kidding, no ofence
I mean we're right between 1.0639 - 1.0689 and there is a range mostly... it's impossible to predict, both scenarios are possible ATM

Quoting ill_be_back
{quote} Prolly will go DOWN all the way to 1.04, Lets see {image}
I hope it will.
It's a zig-zag playing on M5 for now. So close to my T1 1.0661
Let's see..
Member
  • #1,101,263
  • Apr 3, 2017 2:29am Apr 3, 2017 2:29am
Quoting TudorIoan
{quote} I guess you're asking too much, kidding, no ofence I mean we're right between 1.0639 - 1.0689 and there is a range mostly... it's impossible to predict, both scenarios are possible ATM {quote} I hope it will. It's a zig-zag playing on M5 for now. So close to my T1 1.0661 Let's see..

I figured a lower tf player would be able to share their opinion, but none is willing to do so at the moment.
I'm your unknown friend!
  • #1,101,264
  • Apr 3, 2017 2:32am Apr 3, 2017 2:32am
Quoting RainBowDash
{quote} I figured a lower tf player would be able to share their opinion, but none is willing to do so at the moment.
Maybe because it's too risky. And the traders here are too experienced to toss the coin in such hazardous moment
It's an over 30 hours of zig-zag range on H1 and it's imposible to share a pertinent opinion in these conditions.
I guess we'll see 1.0650 today (because a bearish trend), but I can't tell if we'll hit 1.0689 first
Member
  • #1,101,265
  • Apr 3, 2017 2:39am Apr 3, 2017 2:39am
Quoting NMZee
{quote} Hey becareful with your trades, otherwise you'll blow that demo account in quick time......
do you need a prove to show you it's real ?
  • #1,101,266
  • Apr 3, 2017 2:39am Apr 3, 2017 2:39am
Quoting TudorIoan
{quote} Maybe because it's too risky. And the traders here are too experienced to toss the coin in such hazardous moment It's an over 30 hours of zig-zag range on H1 and it's imposible to share a pertinent opinion in these conditions. I guess we'll see 1.0650 today (because a bearish trend), but I can't tell if we'll hit 1.0689 first
Thank you for responding. I'd like to know how you define "risky". Is it because EU is trading within a small range? I am just trying to get a better understanding of the EUR/USD traders, as they seem to look at "risk" differently than what the definition says it is.
I'm your unknown friend!
  • #1,101,267
  • Apr 3, 2017 2:43am Apr 3, 2017 2:43am
I'm in a long 067x. S/L 063.
What's that smell? ---- I smell money!
  • #1,101,268
  • Apr 3, 2017 2:44am Apr 3, 2017 2:44am
Quoting RainBowDash
{quote} Thank you for responding. I'd like to know how you define "risky". Is it because EU is trading within a small range? I am just trying to get a better understanding of the EUR/USD traders, as they seem to look at "risk" differently than what the definition says it is.
Risk in a range it's on the both sides, up and down, it can go either way, break up or down, (only fundamentals can bring a clue)
Risk in a bearish trend it's on the upside. The classical probability is for going down for more
Member
  • #1,101,269
  • Apr 3, 2017 2:47am Apr 3, 2017 2:47am
EY still trades heavy also....
Look Sharp/Trade Tight
  • #1,101,270
  • Apr 3, 2017 2:53am Apr 3, 2017 2:53am
Quoting TudorIoan
Starting my intraday scalping hedging sequence: SL 1.0683 sold 1.0672 T1 1.0661 T2 1.0650
1.0661 T1 hit. Bears, gimmie more!
Member
  • #1,101,271
  • Apr 3, 2017 2:54am Apr 3, 2017 2:54am
Quoting TudorIoan
{quote} Risk in a range it's on the both sides, up and down, it can go either way, break up or down, (only fundamentals can bring a clue) Risk in a bearish trend it's on the upside. The classical probability is for going down for more
Thank you for the explanation. However, since we don't know where the price will move, doesn't it make every open order as "risky" as any other order being open. The market, by simply having a spread, can margin call any account the moment the trade is placed. The bid might not move, but the ask can jump over 100 pips in half a millisecond and margin call anyone for 100 pip sl The dead chart won't show the Ask, only the bid.
I'm your unknown friend!
  • #1,101,272
  • Apr 3, 2017 2:58am Apr 3, 2017 2:58am
Quoting RainBowDash
{quote} Thank you for the explanation. However, since we don't know where the price will move, doesn't it make every open order as "risky" as any other order being open. The market, by simply having a spread, can margin call any account the moment the trade is placed. The bid might not move, but the ask can jump over 100 pips in half a millisecond and margin call anyone for 100 pip sl The dead chart won't show the Ask, only the bid.
What?
Member
  • #1,101,273
  • Apr 3, 2017 3:05am Apr 3, 2017 3:05am
Anyone has 1.0740 as a potential short level? I took a long here @1.0665 with a stop 15 pips and take profit 1.0740. Then I will consider shorts.
  • #1,101,274
  • Apr 3, 2017 3:06am Apr 3, 2017 3:06am
The news came out. Now it's rising up so i think we should wait to short again.

At 1.070xx
  • #1,101,275
  • Apr 3, 2017 3:07am Apr 3, 2017 3:07am
Quoting RainBowDash
{quote} Thank you for the explanation. However, since we don't know where the price will move, doesn't it make every open order as "risky" as any other order being open. The market, by simply having a spread, can margin call any account the moment the trade is placed. The bid might not move, but the ask can jump over 100 pips in half a millisecond and margin call anyone for 100 pip sl The dead chart won't show the Ask, only the bid.
Don't think the spread can ever reach 100 pips but theoretically it's possible to lose an account in 3 minutes but only during extreme news or events. Look what happened last october on cable. Variable spread accounts suck anyways because they can increase spreads just enough so that they can take your 10-20p stop.
  • #1,101,276
  • Apr 3, 2017 3:08am Apr 3, 2017 3:08am
Quoting RainBowDash
{quote} Thank you for the explanation. However, since we don't know where the price will move, doesn't it make every open order as "risky" as any other order being open. The market, by simply having a spread, can margin call any account the moment the trade is placed. The bid might not move, but the ask can jump over 100 pips in half a millisecond and margin call anyone for 100 pip sl The dead chart won't show the Ask, only the bid.
You mentioning a 100 pip spread manipulation of your broker made me suspicious about one thing: Can you please clarify your understanding of 1 pip:

Could you answer please let's say if EURUSD is at price 1.06510 and moves 1 pip higher what would the new price become?" Depending on your answer it will clear any "pip" misunderstandings. Thanks.

Stay Green
Focus only on what truly matters!
  • #1,101,277
  • Apr 3, 2017 3:09am Apr 3, 2017 3:09am
Quoting Connors
Anyone has 1.0740 as a potential short level? I took a long here @1.0665 with a stop 15 pips and take profit 1.0740. Then I will consider shorts.

1.07447 level seems like a strong resistance. Would look for a short around that level too.
  • #1,101,278
  • Apr 3, 2017 3:16am Apr 3, 2017 3:16am
Quoting Connors
Anyone has 1.0740 as a potential short level? I took a long here @1.0665 with a stop 15 pips and take profit 1.0740. Then I will consider shorts.
I'll generously offer my 1.0740
You can take half profit at 1.0710 as T1 ...
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Member
  • #1,101,279
  • Apr 3, 2017 3:21am Apr 3, 2017 3:21am
Quoting TudorIoan
{quote} I'll generously offer my 1.0740 You can take half profit at 1.0710 as T1 ... {image}

Intend to close half @1.0705 and let the rest until 1.0740 or at stop. In case it gets to 1.0740, will short with a stop @1.0780.
For this week as long as it trades below 1.0779, it very much is a one way ticket to 1.0500 or even below to me.
  • #1,101,280
  • Apr 3, 2017 3:21am Apr 3, 2017 3:21am
Quoting Connors
Anyone has 1.0740 as a potential short level? I took a long here @1.0665 with a stop 15 pips and take profit 1.0740. Then I will consider shorts.
I'd play short for now.. Not even with that nasty Bear Doji hanging on the 1htf.. Just my view.. I could be on the wrong side ...

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