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View Poll Results: What impact will the ECB Rate Decision have on the Euro?

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71. This poll is closed

  • Send Euro Higher!

    19 26.76%

  • Send the Euro Lower!

    48 67.61%

  • Will have no effect.

    4 5.63%
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Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

  1. 06-23-2009, 02:15 PM #19381
    Marc_Hav
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    Quote Originally Posted by Marc_Hav View Post
    Sorry, I know this is EURUSD thread but:

    Short EURJPY, JPY has been hanging around 134.00, think it will be a bigger pullback as the EURUSD
    Ok, story of the day I guess, every time I open up a trade it goes wrong...

    I should just step away from the keyboard...
  2. 06-23-2009, 02:21 PM #19382
    pichoo
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    Quote Originally Posted by CodyB View Post
    here a go, make any hour chart you want to
    Hi CodyB, Thanks a bunch! I got it working, I've looked at online 2h chart before, but just couldnt use it in mt4. Ok now I have it ...

    Back to the question for hutrader, what kind of pattern do we see in 2h chart? What i can guess is maybe big movement in between consolidation?
  3. 06-23-2009, 02:29 PM #19383
    hutrader
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    Quote Originally Posted by CodyB View Post
    this will help
    Thnx, I have to put it into my expert/indicators folder right?
  4. 06-23-2009, 02:30 PM #19384
    hutrader
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    Quote Originally Posted by pichoo View Post
    Hi CodyB, Thanks a bunch! I got it working, I've looked at online 2h chart before, but just couldnt use it in mt4. Ok now I have it ...

    Back to the question for hutrader, what kind of pattern do we see in 2h chart? What i can guess is maybe big movement in between consolidation?
    Search for hammers and inverted hammers my friend. 9 out the 10 times it is accurate.
  5. 06-23-2009, 02:31 PM #19385
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    sel
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    Stay!!!!

    Quote Originally Posted by HaWo View Post
    hey everybody,

    i am another victim, still short on the eurusd.

    any suggestions? stop loss above 1.41 and hope the market will turn over night?

    what a bad trading day for me...
    Stay.....
    I am also shot....,without stop-loss!!!!
    The brave one in the world!
  6. 06-23-2009, 02:34 PM #19386
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    CodyB
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    Quote Originally Posted by hutrader View Post
    Thnx, I have to put it into my expert/indicators folder right?

    yes and restart MT4
    Don't Chase the market let the market come to you
  7. 06-23-2009, 02:37 PM #19387
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    Quote Originally Posted by hutrader View Post
    Search for hammers and inverted hammers my friend. 9 out the 10 times it is accurate.
    Forex | Candlesticks | Single candle patterns | Hammer | Hanging man | Shooting star | Red candle
    Attached Files Attached Files
    Don't Chase the market let the market come to you
  8. 06-23-2009, 02:44 PM #19388
    pichoo
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    Quote Originally Posted by hutrader View Post
    Search for hammers and inverted hammers my friend. 9 out the 10 times it is accurate.
    Thanks i'll keep it in mind for a strategy
  9. 06-23-2009, 02:46 PM #19389
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    here is a bit of a reality check that obama and his minions must have missed while spending our money on foolish adventures that fix nothing. I have been saying the housing has not bottomed yet and commercial had yet to be hard hit. we cannot recover without a healthy housing market

    Property deals aren't pointing to a quick recovery - MoneyWeek
    Don't Chase the market let the market come to you
  10. 06-23-2009, 02:56 PM #19390
    Marc_Hav
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    Quote:
    Originally Posted by HaWo
    hey everybody,

    i am another victim, still short on the eurusd.

    any suggestions? stop loss above 1.41 and hope the market will turn over night?

    what a bad trading day for me...
    Quote Originally Posted by sel View Post
    Stay.....
    I am also shot....,without stop-loss!!!!
    The brave one in the world!
    The positive thing is, you sat on your hands.... and probably can get out break even, I panicked :-(
  11. 06-23-2009, 02:59 PM #19391
    neller
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    cody please help where to go from now if one still have shorts?
  12. 06-23-2009, 03:03 PM #19392
    zeev
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    Quote Originally Posted by neller View Post
    cody please help where to go from now if one still have shorts?
    head for the exits, that's where ... get out
  13. 06-23-2009, 03:05 PM #19393
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    kramerica
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    Yep

    Quote Originally Posted by CodyB View Post
    here is a bit of a reality check that obama and his minions must have missed while spending our money on foolish adventures that fix nothing. I have been saying the housing has not bottomed yet and commercial had yet to be hard hit. we cannot recover without a healthy housing market

    Property deals aren't pointing to a quick recovery - MoneyWeek
    That was a great article. I was confused at the end when he said 2009 will be surprisingly good but then stated the economy would be undermined and without any reason to get better.. Hmmm...
  14. 06-23-2009, 03:05 PM #19394
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    Quote Originally Posted by neller View Post
    cody please help where to go from now if one still have shorts?
    I cannot help you or anyone with MM, you take a trade you accept a risk and you cut at that risk/profit level..... if not then stop trading.

    I do not know your risk tolerance only you know that. if you enter a trade without an exit plan then you are not trading. every click needs he same MM rules be it 1 pip or 100 pips...it keeps the oh ---- days/moments from happening.
    Don't Chase the market let the market come to you
  15. 06-23-2009, 03:06 PM #19395
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    Quote Originally Posted by zeev View Post
    head for the exits, that's where ... get out
    yes, once you hit panic it is best to cut and trade another day
    Don't Chase the market let the market come to you
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