EURUSD | Page 55495 | 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

  • #1,109,881
  • May 12, 2017 11:49am May 12, 2017 11:49am
Quoting MaxEnrik
I think a lot of buys around 1.093
you mean bought?
  • #1,109,882
  • May 12, 2017 11:52am May 12, 2017 11:52am
Quoting Nightingales
{quote} you mean bought?
Yeah!
  • #1,109,883
  • May 12, 2017 11:56am May 12, 2017 11:56am
Quoting MaxEnrik
{quote} Yeah!
ok
  • #1,109,884
  • May 12, 2017 11:56am May 12, 2017 11:56am
Idea: Pending partial close - would this work?

Suppose I have an open BUY position of 0.2 and when it is at 30 pips profit I want to close half the order. I know that MT4 does not allow pending partial closes without an EA. But maybe this trick could work. What if I would set a pending SELL of 0.1 at the level where I want to close half my order. Would that have the same effect? Of course I would have two times spread but it appears it would do the trick.

Would this work or do I make a mistake in my thinking?
  • #1,109,885
  • May 12, 2017 12:06pm May 12, 2017 12:06pm
Quoting denisius
{quote} When and and why do you think it happens? Be specific!
With the Euro-Zone’s Gross Domestic Product (GDP) report anticipate to show the monetary union expanding an annualized 1.7% in the first-quarter of 2017, a positive development may heighten the appeal of the single-currency as it puts increased pressure on the European Central Bank (ECB) to move away from its easing-cycle. However, the recent comments from ECB President Mario Draghi suggest the Governing Council is in no rush to remove its highly accommodative policy stance as the central bank struggles to achieve its one and only mandate for price stability, and ECB officials may increase their efforts to ward off a taper tantrum as ‘underlying inflation pressures continue to remain subdued and have yet to show a convincing upward trend.’ So until those changes… I think the USD will continue to down the EUR. Comments and Opinions welcome J


Good Luck Traders
  • #1,109,886
  • May 12, 2017 12:13pm May 12, 2017 12:13pm
Quoting jansb000
Idea: Pending partial close - would this work? Suppose I have an open BUY position of 0.2 and when it is at 30 pips profit I want to close half the order. I know that MT4 does not allow pending partial closes without an EA. But maybe this trick could work. What if I would set a pending SELL of 0.1 at the level where I want to close half my order. Would that have the same effect? Of course I would have two times spread but it appears it would do the trick. Would this work or do I make a mistake in my thinking?
It allows manual partial close of course but otherwise, if you want to take partial profit at some level, plan ahead and open two 0.1 orders and put your tp at the first. IF you open a SELL for 0.1 lots at the point you would want to close your longs and that position goes against you wouldn't you be losing money? I am confused. Why would you want to do that ever?
  • #1,109,887
  • May 12, 2017 12:14pm May 12, 2017 12:14pm
Quoting jansb000
I know that MT4 does not allow pending partial closes without an EA.
MT4 can. Click the order, change the volume of closing order.
edit: provided, your pending order already filled.
  • #1,109,888
  • May 12, 2017 12:15pm May 12, 2017 12:15pm
Quoting jansb000
Idea: Pending partial close - would this work? Suppose I have an open BUY position of 0.2 and when it is at 30 pips profit I want to close half the order. I know that MT4 does not allow pending partial closes without an EA. But maybe this trick could work. What if I would set a pending SELL of 0.1 at the level where I want to close half my order. Would that have the same effect? Of course I would have two times spread but it appears it would do the trick. Would this work or do I make a mistake in my thinking?
Open buy two 0.1 position?
  • #1,109,889
  • May 12, 2017 12:28pm May 12, 2017 12:28pm
Taking a punt on a short over the weekend, hoping for a decent gap.... The bull run today bounced off the 61.8 fib line and PA on the H1 and M30 charts seems to agree with this..

We shall see come Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD short punt hoping fo weekend gap to correct spike today.PNG Size: 55 KB
  • #1,109,890
  • May 12, 2017 12:32pm May 12, 2017 12:32pm
Quoting Babypips101
{quote} With the Euro-Zones Gross Domestic Product (GDP) report anticipate to show the monetary union expanding an annualized 1.7% in the first-quarter of 2017, a positive development may heighten the appeal of the single-currency as it puts increased pressure on the European Central Bank (ECB) to move away from its easing-cycle. However, the recent comments from ECB President Mario Draghi suggest the Governing Council is in no rush to remove its highly accommodative policy stance as the central bank struggles to achieve its one and only mandate...
Here is what I'll tell you. Don't guess. All news already priced in market. Good bad doesn't matter. Open bigger time frame on your platform and look deeper in past. Mark you key levels and wait. When price near, then look for fundamentals that can support or not support current trend. And make your trades.


Shit I just thought you how to trade in few sentences. Perfect strategy! Good luck! Read more books about trading. It helps!
  • #1,109,891
  • May 12, 2017 12:42pm May 12, 2017 12:42pm
Quoting Seshwaan
Taking a punt on a short over the weekend, hoping for a decent gap.... The bull run today bounced off the 61.8 fib line and PA on the H1 and M30 charts seems to agree with this.. We shall see come Monday. {image}

Also found some hidden divergence supporting this on the H1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSH H1 divergence.PNG Size: 52 KB
  • #1,109,892
  • May 12, 2017 1:38pm May 12, 2017 1:38pm
I think this is it for this week.. 1.0930 achieved.. now the question for the new week is: Will market open above 1.0905 or below it? Short and simple: As long as we are above this level I will stay bullish and keep buying the dips.

Wishing you all a peaceful weekend..

Stay Green
Focus only on what truly matters!
  • #1,109,893
  • May 12, 2017 1:44pm May 12, 2017 1:44pm
Quoting denisius
{quote} Here is what I'll tell you. Don't guess. All news already priced in market. Good bad doesn't matter. Open bigger time frame on your platform and look deeper in past. Mark you key levels and wait. When price near, then look for fundamentals that can support or not support current trend. And make your trades. Shit I just thought you how to trade in few sentences. Perfect strategy! Good luck! Read more books about trading. It helps!
I am a bit sceptical about books .
Human brain needs to strugle , reach , make mistake , strugle again and all that repeted thousand times in order to achieve perfection ( or near perfection ) .
Books can teach you mare foundation , but deep practice is what makes the trader .Moreover , busting an account or three is essential !
I am in the middle of a project actually ....will try to educate few students , blissfully unaware of markets .I am optimistic that these lucky ones will trade better me my own system ! Why ?Because their brain will be practicing simple steps ,shreded into pieces , without distractions of pointless literature and needless knowledge which makes their brain doubt this or that trade !
  • #1,109,894
  • Edited 2:33pm May 12, 2017 2:03pm | Edited 2:33pm
Quoting yanitsa
{quote} I am a bit sceptical about books . Human brain needs to strugle , reach , make mistake , strugle again and all that repeted thousand times in order to achieve perfection ( or near perfection ) . Books can teach you mare foundation , but deep practice is what makes the trader .Moreover , busting an account or three is essential ! I am in the middle of a project actually ....will try to educate few students , blissfully unaware of markets .I am optimistic that these lucky ones will trade better me my own system ! Why ?Because their brain will...
Agree. Books waste of time. Bullshit information probably 99% of the pages. Truly profitable traders can give you golden nuggets easily and should be able to explain easily but of course they won't because a truly profitable trader probably spent 10000+*** hours to get to where he is and won't tell you the most important info.

Chart time & experience > everything imho
  • #1,109,895
  • May 12, 2017 2:14pm May 12, 2017 2:14pm
Quoting yanitsa
{quote} I am a bit sceptical about books . Human brain needs to strugle , reach , make mistake , strugle again and all that repeted thousand times in order to achieve perfection ( or near perfection ) . Books can teach you mare foundation , but deep practice is what makes the trader .Moreover , busting an account or three is essential ! I am in the middle of a project actually ....will try to educate few students , blissfully unaware of markets .I am optimistic that these lucky ones will trade better me my own system ! Why ?Because their brain will...
I have read countless of books and been through 5 demo accounts I am now trading live account with 100k I just started a couple weeks ago but I totally agree books dont really help...I learned the most through demo accounts and countless hours demo trading
  • #1,109,896
  • May 12, 2017 2:18pm May 12, 2017 2:18pm
Quoting wukatrades
{quote} Agree. Books waste of time. Bullshit information probably 99% of the pages. Truly profitable traders can give you golden nuggets easily and should be able to explain easily but of course they won't because a truly profitable trader probably spent 1000+ hours to get to where he is and won't tell you the most important info. Chart time & experience > everything imho
10000 hours is the minimum .
I'd recommend a book by Daniel Coyle , The Talent Code .
Nothing to do with trading , but explaining how greatness is achieved .
Deep practice , thats all .
  • #1,109,897
  • May 12, 2017 2:20pm May 12, 2017 2:20pm
Quoting wukatrades
{quote} Agree. Books waste of time. Bullshit information probably 99% of the pages. Truly profitable traders can give you golden nuggets easily and should be able to explain easily but of course they won't because a truly profitable trader probably spent 1000+ hours to get to where he is and won't tell you the most important info. Chart time & experience > everything imho
But where did do you get all those profitable traids from? Don't like books? Fine. Don't read them. I might be old school but I do read books, articles, news etc. my brain never stops thinking , technical analysis will help but fundamental is important as well as historical foundations of all market. Maybe you genius and you were born with visions but not me . If you think 90% in books bs then you reading wrong books. I will listen the guy who made billions here rather then read 1000 pages of this thread. If you can learn a lot here from 0 then you are true unique person. Profitable traders never stops learning. And you want everything on plate without moving a finger.
  • #1,109,898
  • May 12, 2017 2:27pm May 12, 2017 2:27pm
Quoting Babypips101
{quote} I have read countless of books and been through 5 demo accounts I am now trading live account with 100k I just started a couple weeks ago but I totally agree books dont really help...I learned the most through demo accounts and countless hours demo trading
So you real money making machine now. Can you give me one entry on any pair with potential 100 pip profit in period of 1-3 days? Please! With grafic please and key levels. Do that and I will publicly admit that books useless and you are true pro.
  • #1,109,899
  • May 12, 2017 2:29pm May 12, 2017 2:29pm
Quoting Babypips101
{quote} I have read countless of books and been through 5 demo accounts I am now trading live account with 100k I just started a couple weeks ago but I totally agree books dont really help...I learned the most through demo accounts and countless hours demo trading
The leap from Demo to 100k account is unhealthy IMO .
Psychological aspect of the game is very important !
  • #1,109,900
  • May 12, 2017 2:30pm May 12, 2017 2:30pm
Sorry I can't say what I read. But I would like to say not all books good, but few of them very important like a oxygen for human.
268 traders viewing now