NexusFi: Find Your Edge


Home Menu

 





EURUSD M6E/6E Euro


Discussion in Currencies

Updated
      Top Posters
    1. looks_one Big Mike with 402 posts (490 thanks)
    2. looks_two Cashish with 192 posts (162 thanks)
    3. looks_3 terratec with 117 posts (213 thanks)
    4. looks_4 rassi with 113 posts (110 thanks)
      Best Posters
    1. looks_one glennts with 1.9 thanks per post
    2. looks_two terratec with 1.8 thanks per post
    3. looks_3 Big Mike with 1.2 thanks per post
    4. looks_4 Cashish with 0.8 thanks per post
    1. trending_up 881,244 views
    2. thumb_up 3,050 thanks given
    3. group 204 followers
    1. forum 2,612 posts
    2. attach_file 1,255 attachments




 
Search this Thread

EURUSD M6E/6E Euro

  #661 (permalink)
 Eric j 
NY
 
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
Posts: 2,507 since Jun 2009
Thanks Given: 1,396
Thanks Received: 2,576


terratec View Post
TL as a key point in the 12345>4 move



Sweet ! . Just selling into the 00 level and trendline yielded a days pay + . Im looking for 3500 to give way to short down to 3200 .

Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Better Renko Gaps
The Elite Circle
Exit Strategy
NinjaTrader
Are there any eval firms that allow you to sink to your …
Traders Hideout
 

  #662 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,392 since Jun 2009
Thanks Given: 33,170
Thanks Received: 101,530


Eric j View Post
Sweet ! . Just selling into the 00 level and trendline yielded a days pay + . Im looking for 3500 to give way to short down to 3200 .

Agree, I think we will test October's low before the end of November.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #663 (permalink)
 
Private Banker's Avatar
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863


Seems like price is having a hard time getting past the 1.3440 area which is a high volume ledge. But if and when it does, a re-test of Oct.'s low seems like an obvious target. Market made it half way back from the high on 11/11 and completely lost it's momentum. Pretty amazing trading session today.

Attached Thumbnails
Click image for larger version

Name:	2011-11-18-6E.jpg
Views:	206
Size:	224.5 KB
ID:	55221  
Reply With Quote
Thanked by:
  #664 (permalink)
 Eric j 
NY
 
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
Posts: 2,507 since Jun 2009
Thanks Given: 1,396
Thanks Received: 2,576


Private Banker View Post
Seems like price is having a hard time getting past the 1.3440 area which is a high volume ledge. But if and when it does, a re-test of Oct.'s low seems like an obvious target. Market made it half way back from the high on 11/11 and completely lost it's momentum. Pretty amazing trading session today.

Yup , pretty nice today . If I recall correctly , the past few thanksgiving days (or maybe black friday) saw some sneaky volatile price moves so next week might be sleepy until its quiet on thursday and the turkeys trading for the banks push price where they want it .

Visit my NexusFi Trade Journal Reply With Quote
  #665 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,392 since Jun 2009
Thanks Given: 33,170
Thanks Received: 101,530


Eric j View Post
Yup , pretty nice today . If I recall correctly , the past few thanksgiving days (or maybe black friday) saw some sneaky volatile price moves so next week might be sleepy until its quiet on thursday and the turkeys trading for the banks push price where they want it .

I am very much thinking the same thing. But as to whether that means they will use the opportunity to run it lower, or higher, I do not know.



Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #666 (permalink)
 terratec 
Zurich Switzerland
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES, 6E, CL
Posts: 403 since Sep 2009
Thanks Given: 64
Thanks Received: 515

Nothing new here, 6E in a range 3432 / 3542...
... but, now TL is in the upper part of this range...





Reply With Quote
Thanked by:
  #667 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102

EURUSD broke out to the upside from its opening range, but is still sitting inside the larger trading range between 3436 and 3545.

I do not expect a breakout now but a retracement back to something like 1.3500.

@ terratec: How do you establish your ranges?


Reply With Quote
  #668 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
Posts: 962 since Feb 2010
Thanks Given: 1,189
Thanks Received: 661

the OR you mentined is forex opening range, which midnight London time, right?

Reply With Quote
  #669 (permalink)
 terratec 
Zurich Switzerland
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES, 6E, CL
Posts: 403 since Sep 2009
Thanks Given: 64
Thanks Received: 515


Fat Tails View Post

@ terratec: How do you establish your ranges?


I don't use strict criteria.

I go through different time frames like 1H 30M 15M.
Where are daily HLC?
Zone with closes H/L's, battlefields
Numbers that are - in a nonscientific statistical way relevant for my 6E- like 00, 12 22 32 42 50 72 (don’t ask why)
Fibs
My eyes
And then the best arguments are winning and do form the cocktail.

In this case it is about yesterday’s HL levels. But that’s not the main reason.

And the same intraday:

Attached Thumbnails
Click image for larger version

Name:	11 11 22 0003.png
Views:	160
Size:	39.4 KB
ID:	55439  
Reply With Quote
  #670 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102



terratec View Post
I don't use strict criteria.

I go through different time frames like 1H 30M 15M.
Where are daily HLC?
Zone with closes H/L's, battlefields
Numbers that are - in a nonscientific statistical way relevant for my 6E- like 00, 12 22 32 42 50 72 (don’t ask why)
Fibs
My eyes
And then the best arguments are winning and do form the cocktail.

In this case it is about yesterday’s HL levels. But that’s not the main reason.

And the same intraday:

I do use strict criteria, as the levels are auto-plotting on my charts. But my levels are pretty close to yours,
both for the 240-min chart and the 5-min chart. So we mainly agree on loacting support and resistance.

For EURUSD my 5-min chart shows support at 3460 and resistance at 3533. The lower end of the range was not tested. This shows that the bears are weak, and that the bulls are currently controlling the market.

The indicator also identified a number of reversals as can be seen from the chart. There is a little breakout occurring which reflects some pressure to the upside, it looks like a cup and handle pattern right now, but it could also be a bull trap, as Europe has noon time. The New York opne will be a different chapter.

Attached Thumbnails
Click image for larger version

Name:	$EURUSD (5 Min)  22_11_2011.jpg
Views:	198
Size:	98.8 KB
ID:	55444  
Reply With Quote





Last Updated on January 27, 2024


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts