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Trading the EUR/USD

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Trading the EUR/USD

Hello, I would just like to start a discussion on trading the EUR/USD. This will be a place where we would share charts, trade setups, trades, trading ideas, best trading times, etc. Also, perhaps other traders can start similar threads regarding other popular major pairs like GBP/USD or even major crosses. Thanks.

Mon, 09/05/2011 - 8:31pm

HI BEES I have been trading the eur/usd for 3 weeks now using Steve Perry's whipsaw method and loving it . I have been in here for 2.5 years and losing money every day . I finally got smart and let some one else teach me something and now it is working. Perry knows his stuff ,and I finally get it . I'm a little slow sometimes you only have to wack me in the head with a ball bat 8- 10 times like a damn mule before I catch on and get with the program . check out his classes , look for the one on whipsaws. best to you all and GOD bless. bob kelliher, n1jrm , central Maine , deep in the woods , so far I have to go to town to hunt.

Mike Smith

bias to change to the downside. Expect 1.115 T/P.

2019-06-16 09_49_44-eurusd - Google Search.png

maybe 1,1129 and then a resounding bounce! But DXY has to turn first.

Mike Smith

Dovish Super Mario Draghi drags the eurusd down ahead of FOMC. Many market analyst's and tradingview technical summary: sell.

Potential T/P 1.115 and 1.11 by FOMC.

2019-06-18 12_09_00-eurusd - Google Search.png 2019-06-18 12_12_34-Technical Analysis of Euro _ U.S. Dollar (FX_EURUSD) — TradingView.png

Classic blunder today. Tried to catch the upswing on the FOMC news. Naturally I bought in too late (at the high) and the market immediately reversed for a 20 pip loss. Funny too cuz my initial reaction was to leave it alone, but as it kept going up, I couldn't resist. Oh well, glad it's a practice account.


Learn from that, fw. I used to try to catch moves from the news. Sometimes I'd catch them perfectly, but my record is way better catching the retracement after the news spike. It usually goes all the way back, but I scale out at each fib line. Give it at least a full 5 minute candle to run. Maybe two if it's really going strong, then catch the ride back.


how is everyone doing?


What you mean, we be kewl!


EU 5M attached for a big spike later this afternoon or maybe a good weekend GAP trade.
A just for fun sandbox trade! Put a few sell- stops on and check it out..:))
Attached is my 5M POV
So I thought I would take my own suggestion.. just for fun of course.
Attached is my H2 POV with stops added.
I have layered these down
I moved the stop-loss's out of the way so the chart could be easier to see.

At least one of our instructors that have reviewed me doing this disagrees with this method. He would rather I just place the trade straight to the target and play fewer fees and greater profit. While I can't disagree with the financhail I most likely will not be watching this trade so from my humble rookie POV I am limiting my risk.

I have also kept the trades outside of the HV box in an attempt to avoid an early entry before the PA is committed.

EU GAP trade.PNG EUGAP Sell Stops.PNG


Thank You


Rookie, in your view, what telltale magic does that CCI have that other indicators do not exude for this setup?


Frank, for me the CCI is simply a momentum indicator that can confirm trends, slope, and changes in direction before they actually occur. While I don't often notice a divergence it is very good for that as well. I also will use it and mainly for the percentage of deviation to determine how much room may be left in a cycle.

Norma has written a divergence corollary which the one time I actually recognized it was my best trading day ever.

There is more but somewhat more obscure and I need to head out.

Attached is my last two trading session.

Trading room.PNG sleeping.PNG

EURUSD rocks!...this is the only currency i traded to being funded!....


Trading the EURUSD and news in 30M, JOLTS open jobs are on the cusp. I would anticipate a 25 Pip swing possibly more is very negative. Implying the DXY to shot south and EUR shooting north and if positive just the opposite.

The attached chart displays the EURUSD on a 3M chart, the channel is very tight however the PA is currently at the top and just broke thru my channel line, I am anticipating the EUR to drop and then whipsaw.

Stay alert!

BTW because I am thinking this it usually means the market will do exactly the opposite:)


and their you have it, dip down and whipsaw back north!

Happy trading!


Hi Rookie!

I finally got funded and did it with GJ and EU; I am good with breakouts but looking to add to this so I can trade a little more often since I am doing this full time. Would you recommend anything for EU specifically that I can maybe look into?

I appreciate any help.



Thanks, Rookie
For the H2 POV and CCI on the EUR/USD pair


Congrats EkexEO! good for you.

@withsware, no really, nothing I haven't already posted, just keep it simple!
Maybe learn as much as you can bout time and price cycles.
Good luck and happy pip gathering.