EURUSD....Euro

[BentRod]

Bentrod, Adding to your shorts? trend looks up?

Not on my charts?

This pair has moved over 30 big figures off its high.

Its had its biggest move in history - an outside year.

 

[lusk]

Not on my charts?

This pair has moved over 30 big figures off its high.

Its had its biggest move in history - an outside year.

Ok, was looking at the chart you posted above, not a bad effort if you rode some of that move down hey.

 

[>Apocalypto<]

EUR/USD Long.

Took a long off the E/$ Pattern on MACD confirmed lower high to support.

Green lines ent and take profit. Red is the stop. + 30 pips on this trade.

Big night on the news front watch your positions at 12:30 tonight Melbourne time.

8:30am USD High Impact Expected Core Retail Sales m/m
8:30am USD High Impact Expected PPI m/m
8:30am USD High Impact Expected Retail Sales m/m
8:30am USD Medium Impact Expected Core PPI m/m

Good trading

 

[>Apocalypto<]

Tonight's second trade. short off the thrust.

Took a short off the thrust with TP on the 8ema. Distance from the ma's gave the idea to short back with confrimation off the MACD. +15 pips.

Good Trading.

 

[BentRod]

Ok, was looking at the chart you posted above, not a bad effort if you rode some of that move down hey.

I was lucky enough to catch most of it with some closed trades even over 100R.

Still got a couple on.

Amazing times to trade thats all I know

 

[IFocus]

I was lucky enough to catch most of it with some closed trades even over 100R.

Still got a couple on.

Amazing times to trade thats all I know

Nice work Bent

 

[BentRod]

Nice work Bent

Thanks mate, almost as good as your Oil trades

Couple more shorts on Today, might try and run the cable one, bloody hard not to get done at breakeven with all the whipsawing though.

 

[>Apocalypto<]

a couple losses tonight.

to longs and two losses.

total -56 pips.

Bent how u finding life with Oanda?

good trading.

 

[BentRod]

Bent how u finding life with Oanda?

Good.

Love the position sizing, straight through processing and no slippage.

The downside is they widen the spread at news and also the spreads have been slightly wider since Lehmen went under, especially on Cable.

 

[BentRod]

Definitely didn't expect that huge spike up on the Euro.

Looks like it may have been a bear market rally though?
Time will tell.

Interesting times, must be a few stops under those lows.

Weekly:

 

[Page]

21 January EUR/USD 1.2989

Open 1.2883 Close 1.2905
High 1.3047 Low 1.2853

EUR/USD sustained its bearish progress yesterday. The currency pair made a low at 1.2853 and closed at 1.2905. On the 4-hour chart, we have shaped a downward triangle, which indicates bearish state of affairs. The major support area now is in the region of 1.2850, break below which will cause additional bearish impetus with targets towards the region of 1.2670. Immediate confrontation is represented by the 1.3050 level. The CCI indicator could not cross up the 100 line and continued down to the daily chart, assuming potential decreasing pressure.

TR levels: 1.3050 1. 3165 1.3285
TS levels: 1.2850 1.2670 1.2750

Trading range: 1.3000 - 1.2925
Trend: Downward
Sell at 1.2989 Stop Loss 1.3019 Target Price 1.2939

 

[white_goodman]

still overall downward trend so i can only short atm... if it finds support i may look to buy, alternately if it smashes support more selling...

 

[Page]

EURUSD

Yesterday refusal ahead of 1.2841/1.2798, 76.4% retracement of 1.2329/1.4720 upleg/09 Dec low zone, retrace fall from 1.3387 high. Further risk seen for the next downside return.


Resistance: 1.3087, 1.3100, 1.3174, and 1.3244

Support : 1.2937, 1.2893, 1.2855, and 1.2825

 

[BentRod]

Make or break time for Fiber IMO.

Rate decision due Thursday night (Our time).

looks like a classic ABC of the larger variety??

I don't label charts but find myself looking at these patterns subconciously after all this time at The Chartist.:

Time will tell.

WEEKLY:

 

[sinner]

EURUSD 1h chart has gifted us a stochastic reading tonight the likes of which have not been seen since late December. IMHO the hook is simply too large to avoid negative price action.

After a few good scalps to create the capital for my stop-loss (so if the trade fails I break even), I am in short at 1.2987 with an eye to exit once the 1h stochastic hits 24.3.

MACD crossover would be increasingly bearish and I might add to the position at that point.

Stop-loss at 1.30.

 

[sinner]

Due to constraints (working the nightshift) had to terminate the trade early.

Stochastic at 49, plenty of downside to come.

Out at +21 pips (12875.80)

 

[Sakk]

Hi Guys,

I'm working on position sizing and money management rules for trading the eur/usd on 1min to 5 min charts during the London session.

I'll be trading short term price patterns, setting ISLP 10 pips away from entry using bracket orders.

I usually exit a losing trade prior to the initial stop getting hit as I'm watching the trade progress so it's more a risk management stop.

Can I ask what sort of slippage have you guys experienced in fast moving periods, i.e news events etc when your stops get hit?

Are there any particular news events to completely be out of the market until after the event?

I'm also working on scaling in and out of positions?

Appreciate any advice or thoughts.

Cheers

 

[CanOz]

I trade off 1 Hr charts now and use limits so slippage around the main trading times isn't much of a concern. I use a 50 pip stop minimum so large news related moves are rarely a concern.

CanOz

 

[Page]

EUR/USD 1.2652 - 17 February
EUR/USD Open 1.2796 High 1.2875 Low 1.2632 Close 1.2801

Last week the Euro/Dollar resumed decreasing after failing to overcome the 1.2875 resistance. On the weekly chart risk of further decline remains valid, with targets towards the region of 1.2300, will the Euro remains under 1.3200. At the same time on the daily chart the currency couple consolidated, and the development of the downward trend could not be achieved, as EUR/USD met good demand in the area around 1.2730, and established convergence. Technically we have descending triangle, whose figure for the bearish scenario is towards the key level 1.2600. The market seems to have its hesitations and awaits more significant catalyst. The CCI indicator is in the oversold area and upwards on the 1 and 4 hour charts, assuming increasing pressure towards testing of the 1.2875 resistance. Going back under 1.2600 will form descending signals towards 1.2530.
Technical resistance levels: 1.2875 1. 2950 1.3055
Technical support levels: 1.2600 1.2515 1.2405

Trading range: 1.2665 - 1.2600
Trend: Downward
Sell at 1.2652 SL 1.2682 TP 1.2612

 

[BentRod]

Hi Guys,

I'm working on position sizing and money management rules for trading the eur/usd on 1min to 5 min charts during the London session.

I'll be trading short term price patterns, setting ISLP 10 pips away from entry using bracket orders.

I usually exit a losing trade prior to the initial stop getting hit as I'm watching the trade progress so it's more a risk management stop.

Can I ask what sort of slippage have you guys experienced in fast moving periods, i.e news events etc when your stops get hit?

Are there any particular news events to completely be out of the market until after the event?

I'm also working on scaling in and out of positions?

Appreciate any advice or thoughts.

Cheers

Slippage is of no concern at all, I get very little if any with Oanda.

If your moving size with an ECN you might get a bit???


Slippage at the retail level is non exist from my experience unless it is disguised as "requotes" from one of the MT4 bucket shops.