EURUSD....Euro

[i_in]

my viewpoint

 

[i_in]

buy here with stop below 1.2490

 

[Stormin_Norman]

who has more problems atm? europe of america?

sheesh what a question?!

but on the chart it seems a solid resistance 1.2550 and it could be worth trading on that i agree.

 

[i_in]

I don 't know, just a count
matter of time to understand

 

[i_in]

I expect to go somewhere around 27 - 2750 and then return to 25 for double bottom

 

[Phillip]

Eurozone GDP data out 9 PM melbourne time today then i/r decisions by ECB 11 PM melbourne time & BoE 11.45PM melbourne time... stay tuned in what should be a forex frenzy!

I have had a bit of wine so this should be fun

 

[Stormin_Norman]

drinking and trading...it should be fun

 

[sinner]

I have had a bit of wine so this should be fun

Bring on the performance enhancing drugs

 

[strategist]

EUR/USD forecast

H4 analysis
The pair is being traded in the "a-a+" half-side half-ascending trend. A trading range 1.2604 - 1.2755 has been formed by numerous resistances from above and supports from below. I can't say that the pair has an ascending intention right now, because the higher bound of the side daily trend - "B+" trend line - is crossing the level 1.2770. This trend line will hold up all ascending attempts until it gets broken.
Analyzing the present picture, three variants of events to develop are seen:
1. continuation of trading in the side trend, in 1.2604 - 1.2755.
2. by breaking the lower bound of "a-a+" trend ("a" trend line) the pair heads to the "Z" trend line - level 1.2430 (if the pair drops below 1.2600).
3. by breaking "B+" trend line the pair heads to the level 1.3110 (if the pair rises above 1.2820).


Daily analysis
The pair is being traded down the "B-B+" side descending trend, which has a potential to carry the market up to the level 1.2320. I can't tell about a clear development of any picture unless the pair exits from this trend by breaking its higher bound "B+". If "B+" will get broken and the pair goes above level 1.2840, then reaching of the support at 1.3300 is guaranteed.

 

[strategist]

EUR/USD

H4 graph
The pair is confidently moving along the ascending trend. Trend’s target is at levels between two resistances: 1.3820 and 1.4000, where "Y" trend line passes. I expect a potential turn from those levels. There are no signs of trend’s turn yet, that’s why ascending motion is confident for now.



Daily graph
If signs of trend’s turn appear, the pair will perform a correction to 1.3300, followed by resuming of the ascending trend targeted at testing the "Y" trend line. In case "Y" trend line will get broken, the figure #44 will be the pair’s next target.

 

[>Apocalypto<]

euro short limit just hit. +128 pips

sorry no chart on this people...........

 

[i_in]

buy limit 1.3560

 

[>Apocalypto<]

buy limit 1.3560

Bottom pickers get smelly fingers!


My my the eur/usd is taking a beat down!

 

[i_in]

1.3920 min.

 

[>Apocalypto<]

one of those nights last night.

missed the main move as no ent signal and finished -22 plus com.

still on ATC sim while I wait to get my live account.

1st long -20
2nd short +20
3rd Long -22

Overall had a nice week....

cheers

 

[Wysiwyg]

still on ATC sim while I wait to get my live account.

Overall had a nice week....

Hi Apocalypto, with the Accounts on ATC do you find the deposit and withdrawal a little restrictive?Like they want cheques or wire transfer in and ye have to fill out a withdrawal form for funds out($25).Funding in USD too as per the quote below from their FAQ`s.Also the commish + a small spread on every trade.

All part of the ECN service though hey.

Accounts

-What is the funding method?

You have the option to send a personal check, which will have a five business day hold once received. You also have the option to send a wire transfer. We do not charge any fee for incoming funds.

-What is the withdrawal method?

ATC provides you with a withdrawal form; you simply fill out and fax the form back. The wire out usually takes approximately 24-36 hours depending on your location and the cost is $25 per wire.

-What is the minimum account size?

The minimum is $5,000.

-What is the commission fee?

Commission is set to $8.00 round turn per 100,000 lot size. One mini-contract (10,000) will have a cost of $0.80 round turn.

-Can I fund in Euro?

No, you can only fund in US Dollar at this time.

 

[sinner]

Hi Apocalypto,

Thanks for your chart. You say you did not go short because you received no signal, but instead went long shortly before that. I understand if you don't want to reveal your strategy but am very curious why you went long there.

If you had played the same game on GBPUSD then that last long would have done you nicely as it bounced well from the lows.

I know some traders who smashed several hundred pips last night on G/U and E/U moving up and down with the drop then retrace.

 

[>Apocalypto<]

Hi Apocalypto,

Hi how are you.....

with the Accounts on ATC do you find the deposit and withdrawal a little restrictive?

No not really cuz I am used to doing int transfers now. I don't deposit by credit card so that's not a worry to me.

Like they want cheques or wire transfer in and ye have to fill out a withdrawal form for funds out($25).

Like I said above no issue to me as I have done it with most my brokers. I had to do withdrawal forms for Alpari and GFT used to that! Now the $25 is ok in terms of overseas brokers GFT is $20. that's nothing I had to pay 14 pounds with Alpari, that pissed me off.

Funding in USD too as per the quote below from their FAQ`s.

Most my accounts have been in USD. I have no issue with that I actually prefer it. When you make profits in USD it adds to the joy when you bring it home on conversion. I hope they offer accounts in EUR in the future as I want one.

Also the commish + a small spread on every trade.

I won't go to far into the ECN vs Dealing Desk debate. I have traded Alapri IG Markets and GFT (still am). I never had an issue with IG or GFT but Alpari forced me out with the requotes.

No 8$ round trip is abit high but it works out cheaper then a 2 pip spread on the E/$ as I only trade in Europe to US session. The average spread is .5 of a pip. Now the spread is alwas in that area never 1-2. 98% of the time it's under a pip. so on 100K I pay $12 for my trade vs $20 all adds up. Plus the execution is great! Hence I am going ECN Alpari left a terrible taste in my mouth.

All part of the ECN service though hey.

the above paragraph is also for this......

 

[>Apocalypto<]

Hi Apocalypto,

Thanks for your chart. You say you did not go short because you received no signal, but instead went long shortly before that. I understand if you don't want to reveal your strategy but am very curious why you went long there.

If you had played the same game on GBPUSD then that last long would have done you nicely as it bounced well from the lows.

I know some traders who smashed several hundred pips last night on G/U and E/U moving up and down with the drop then retrace.

Hi Sinner,

I shorted the Euro last night as well but that's on a different method. I also went long on it this morning 4ish, between you and me I think I was a little adventurous on that one!

Now on the chart i posted.

That's the 15min method I use.

I would have to really explain it...... in a short ans, I take pattern signals off the MACD in conjunction with the Heiken Ashi indicator and the MAs

I use this to scalp... I look at the range distance on the right of the chart and that is my stop and take profit target. I adjust these as the markets moves. So I am never in for the whole move only what that range is. eg, 20 20 24.

That is the tip of the iceberg in terms of the system... There are a lot more rules in regards to what signal I can take, determined by the indicator and MAs and MACD, like where the pattern is, 6 15 30 range...

So last night it was one of those nights were it didn't happen. o well

cheers

 

[Wysiwyg]

Thanx Apocalypto, resolved my doubts with your perspective.