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EUR/USD - Euro US Dollar

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1.2227 -0.0059    (-0.48%)
19/12 - Closed. ( Disclaimer )
Type: Currency
Group: Major
Base: Euro
Second: US Dollar

  • Prev. Close: 1.2286
  • Bid/Ask: 1.2226 / 1.2228
  • Day's Range: 1.2222 - 1.2302
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EUR/USD 1.2227 -0.0059 (-0.48%)
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EUR/USD Analysis

Matthew Weller
Will 2015 Be Kind To King Dollar?
By Matthew Weller - Dec 21, 2014

Market Movers: Weekly Technical Outlook Technical Developments to Watch: EUR/USD testing key previous/Fib support at 1.2260 – break below would be bearish GBP/USD still finding support at key ...

Simit Patel
EUR/USD Approaching Major Monthly Support
By Simit Patel - Dec 21, 2014

Below is a monthly chart of the EUR/USD. On it we can see that price is approaching, once again, the 50% retracement of the enormous leg up from the euro's inception around the turn of the millennium ...

Marc Chandler
Dollar Bulls Regain Upper Hand
By Marc Chandler - Dec 19, 2014

The powerful divergence theme re-emerged and effectively ended the dramatic correction throughout the capital markets. The FOMC statement strengthened conviction of a mid-2015 lift off, even if pace ...

Forex4you
EUR/USD: approaching multiple support levels
By Forex4you - Dec 19, 2014

The EUR/USD pair continues lower with the v.short-term now down in sync with the broader mid-term trend, however, much support lies not far below current activity levels, so downside is limited. The ...

eFX News
Intraday FX: EUR/USD, USD/JPY, GBP/USD, USD/CAD
By eFX News  - Dec 19, 2014

The following are the intraday outlooks for EUR/USD, USD/JPY, GBP/USD and USD/CAD as provided by the technical strategy team at SEB Group. EUR/USD: Returned into the wedge. The move below 1.2321/16 ...

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EUR/USD
 
 
 
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Latest EUR/USD Comments

Pro Trader
Pro Trader Dec 20, 2014 09:57PM GMT
As promised, I am going to post bits and pieces about my main strategy. I would say I have 3-4 other advanced strategies that I combine along from time to time, depending on market conditions, but the main strategy will get your account going and profiting. I go maximum on the market 2-3 times a month (3-4 days with virtually no sleep) and I aim at 100%+ return each hit but that is still very dangerous and needs a set of conditions and an extremely free mind. I have very recently been lucky to hit 200% return on equity in less than 12 hours and more or less the same record last November. I have a rich experience in stocks and forex and I can't put it all in posts, but I am going to give it a start and answer your questions, if some decide to give it a try. If you are consistently making loses, but you have the basics and feel you have the potential, give it a try. All I look forward to is someone telling me that they tried it and it worked for them. Will be very happy.
Pro Trader
Pro Trader Dec 20, 2014 10:02PM GMT
On the chart, have the Bollinger bands inserted with (21) time frame and 2.5 diversions. The purpose of this modification is to give more accuracy to our trades and have been fine-tuned over the years. Also, have MFI (with standard settings) inserted.
Pro Trader
Pro Trader Dec 20, 2014 10:53PM GMT
The strategy in simple terms is to enter the market when one of the following conditions is met, working mainly on H4 time frame:. . 1- When the upper band is touched after an uptrend and MFI is above the 80 mark and holding, short the pair using 2.5% margin. Go 20 pips above that level and place and Sell Limit using 5% of the margin. Go 30 pips higher than the second limit and go 7% margin on another Sell Limit. The TP for this wave is ideally 70% of the distance from the upper band to the lower, but to start low and gain confidence, close all your orders (can be only the first entry) when the trend hits the Moving Average. As you master the strategy, then part of the lots can be sold on the moving average and rest more towards the lower band. Scaling in and out on H1 can be added over to increase profit, but that is a later stage.
Pro Trader
Pro Trader Dec 20, 2014 10:58PM GMT
2- When the trend touches the lower band and MFI is holding low, go long using 2.5% margin. Go 20 pips and place a Buy Limit. Another Buy Limit 30 pips lower than the previous limit.. . The TP is again the same, on the moving average. After a series of successful entries and exists, part of the lots can be kept for more profit, but not more than 70% of the distance no matter what. We need to manage risk as well. I can modify this later on so it maximizes profit, but not at this stage, I believe.
Pro Trader
Pro Trader Dec 20, 2014 11:07PM GMT
General guidelines:. 1- Never increase your lots no matter what, you will enjoy profit, so enjoy it for a while.. 2- Never freak out when the trend goes towards the second Limit, the market needs cash and momentum to move in both directions and that can take as long as days. In other words, it will always fluctuate for your interest, so don't worry.. 3- As far is this strategy is concerned, you won't need to listen to news. I never do and I consistently make profit. There will come a time when you will understand why a certain piece of news is out at a specific time and how to read that on the chart. I can and one day you will.
Pro Trader
Pro Trader Dec 20, 2014 11:13PM GMT
General guidelines: 4- Always keep your eye on D1 as well. When D1 is uptrending, you want to make more buy orders than sell orders. When D1 is downtrending you want to be selling more, so focus your orders more when the sell condition is met.. 5- This strategy has a high success rate and, over time, you can increase your performance.. 6- As you start profiting, hopefully for all, you will be very tempted to increase your lots. This will eventually kill your account. Be patient.
Show more replies (2)

Dec 20, 2014 08:19AM GMT
wow! I tried the pair for the past 2 days according to your advise, it really worked though I was afraid to do so I was reall testing I won this pair this week.

Pro Trader
Pro Trader Dec 19, 2014 09:33PM GMT
Ouch? :D. . I am still longing on the pair, increased my lots with the drop. Encashed some profit from 1.2259 to 1.2291 and still holding the remaining lots.
mohommed althaf
mohommed althaf Dec 20, 2014 05:53AM GMT
Im new to forex...whts ur advice on this pair? will this go up or down? please help...
Pro Trader
Pro Trader Dec 20, 2014 11:44AM GMT
Should exceed 1.24 during next week. The following sell signal will be determined then.
Edwin Mol
Edwin Mol Dec 20, 2014 03:35PM GMT
First 1.21xxx..............
lone ranger
lone ranger Dec 20, 2014 04:24PM GMT
Hi Edwin. Im thinking of giving fxpro's ctrader a go. Ive always stuck to what I know with MT4 so is the ctrader platform better than MT4 apart from the obvious STP aspect? Do you use it personally?
Pro Trader
Pro Trader Dec 20, 2014 06:26PM GMT
@Edwin, though my account can take it, but I don't think it's probable within the next 4 business days.
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