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EURUSD

  • #594,701
  • Feb 13, 2012 5:33pm Feb 13, 2012 5:33pm
if you really wanna go long go long on EJ not EU... JPY being sold stealth intervention
  • #594,702
  • Feb 13, 2012 5:35pm Feb 13, 2012 5:35pm
Short from 1.3265 hit TP 1.5R win

Let's see if price can build some base here at 1.315x for a long trade - going to give it a few hours. I need to see some basing action here before jumping long.

GL to the brave longs.
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  • #594,703
  • Feb 13, 2012 5:38pm Feb 13, 2012 5:38pm
Quoting betteridea
Short from 1.3265 hit TP 1.5R win

Let's see if price can build some base here at 1.315x for a long trade - going to give it a few hours. I need to see some basing action here before jumping long.

GL to the brave longs.
Nice chart, good strategy
Think Different
  • #594,704
  • Feb 13, 2012 5:44pm Feb 13, 2012 5:44pm
Moody downgraded all EUROPE one hour ago. I'll stay short all week and expect to reach 1.26 maybe less.
  • #594,705
  • Feb 13, 2012 5:45pm Feb 13, 2012 5:45pm
Asian always love two things, once is Gold, two is USD, China holding a huge of USD, you thinks they will make their money go down, or go up ?or buy debt 's EURO.They can buy debt 's USD, not debt ' EURO

Now away 1.3165 big support, go away today !
Think Different
  • #594,706
  • Feb 13, 2012 5:48pm Feb 13, 2012 5:48pm
i dont understand why people try to pick bottoms all the time.

the "its gone down so far it can't possibly go down anymore" approach will get you burned.

My charts do show this area as being a lvl for demand. Gotta wait and see who wins the fight. I entered a short at 1.3167 and since this area has a lot of volume i already placed trade at BE.

trading above 1.3167 I will look for confirmation to long.

untill then.....

risk reward > 1:1. SL - BE +8
  • #594,707
  • Feb 13, 2012 5:51pm Feb 13, 2012 5:51pm
Quoting betteridea
Short from 1.3265 hit TP 1.5R win

Let's see if price can build some base here at 1.315x for a long trade - going to give it a few hours. I need to see some basing action here before jumping long.

GL to the brave longs.
Simple chart.. but clear...
  • #594,708
  • Feb 13, 2012 6:08pm Feb 13, 2012 6:08pm
Quoting Piphand
i dont understand why people try to pick bottoms all the time.

the "its gone down so far it can't possibly go down anymore" approach will get you burned.

Same can be said about picking tops ... which actually pertains more to the current situation.

This rally isn't even close to being over. The downgrades have already been priced in.

Now 1.3150 is going to a strong support. Looking at 1.3400 next.
  • #594,709
  • Feb 13, 2012 6:09pm Feb 13, 2012 6:09pm
Im Asian, USD is always expensive,whether USD is really down, because their goverment need their currency cheaper, it is good for export
Think Different
  • #594,710
  • Feb 13, 2012 6:10pm Feb 13, 2012 6:10pm
Quoting Piphand
i dont understand why people try to pick bottoms all the time.

the "its gone down so far it can't possibly go down anymore" approach will get you burned.



trading above 1.3167 I will look for confirmation to long.
I would love to hear why you think it is so bad to try to pick bottoms/tops.

Its not about its gone down so far that it wont go down anymore, its more like it goes down so far, eventually it will show signs of becoming exhausted where you can get in some high probable pips! Divergence, OS/OB, A simply reversal pattern.
All posts are my personal opinion
  • #594,711
  • Feb 13, 2012 6:12pm Feb 13, 2012 6:12pm
Quoting ibpo
down to 32000 then 31545 then 30888

up to 33222
31545 also reached

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  • #594,712
  • Feb 13, 2012 6:28pm Feb 13, 2012 6:28pm
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
That's what Greece:

- False accounting to join the euro,
- False accounting to maintain the stability parameters
- 10% of the population is a government employee (government spending out of control) compared to an average of 3/5% other European countries.
- Unemployment in abundance for all.
- Europe's highest tax evasion, estimated at 25% of GDP.
- Corruption highest in europe and one of the world's highest
- Public debt: 140% of GDP
- In deficit-GDP ratio: 13.6%
- Pensioners like rain baby with laws still in force to retire at 53 years.
- 240 billion of EU aid in less than a year (the total GDP of 250 billion reece + year)
give 1 and get 100
  • #594,713
  • Feb 13, 2012 6:33pm Feb 13, 2012 6:33pm
I see a range across most pairs in the market..Seems like there's some confusion as to where we're headed next
  • #594,714
  • Feb 13, 2012 6:43pm Feb 13, 2012 6:43pm
Bounce S: 1.3112 R:1.3243
  • #594,715
  • Feb 13, 2012 7:23pm Feb 13, 2012 7:23pm
asian session is slow,hope down fast in euro session
Think Different
  • #594,716
  • Feb 13, 2012 7:27pm Feb 13, 2012 7:27pm
Quoting Tobinguyen
asian session is slow,hope down fast in euro session
Yea, everything consolidating....
  • #594,717
  • Feb 13, 2012 7:47pm Feb 13, 2012 7:47pm
Sorry about my ignorance but can anybody tell me what is BE?
  • #594,718
  • Feb 13, 2012 7:49pm Feb 13, 2012 7:49pm
Quoting eliabreu
Sorry about my ignorance but can anybody tell me what is BE?
Stands for Break Even. As in moving your SL to BE after it moves a number of pips in your favor.
  • #594,719
  • Feb 13, 2012 7:52pm Feb 13, 2012 7:52pm
break even
  • #594,720
  • Feb 13, 2012 8:11pm Feb 13, 2012 8:11pm
Quoting Tobinguyen
asian session is slow,hope down fast in euro session
Doesn't you long EUR yesterday targetting 1.34? Are you hedging your buy?
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