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EURUSD

  • #1,521
  • May 29, 2007 7:12am May 29, 2007 7:12am
my next short is @ 3700.
3500 looks like it's becoming a support. not good for shorts at the moment.
BAM BAM BOOM! -bravado
  • #1,522
  • May 29, 2007 7:16am May 29, 2007 7:16am
Here is an example of how I would trade River Theory on the EURUSD at this time. If you are following this pair today, you will note there is strength based on official comments concerning interest rates. Actually, why there is strength is of no importance. Note that River is at 3511 on the daily charts. I would look for an opportunity to short this pair if it moves into the River area. Ideally on an attempt to push through this level. I will always take this trade. Always. Does it always work, obviously not and you should cover the trade if the strength above River continues. Many trades are losers and that's okay. Use the edge you have in selling strength into River. Why not try this in a practice account or a paper trade to see how it works for you. Here is the EURUSD chart from today's post.
Set your risk above the Transition level of 3548 if it meets your tolerance level.
http://www.rivertheory.com/storage/rivertrade.PNG
http://www.rivertheory.com/storage/eurusd5-29-2007.PNG
  • #1,523
  • May 29, 2007 8:24am May 29, 2007 8:24am
nice inverted hammer on the 1h off the 500 and possibly forming on the 4h, just waiting for conformation.
  • #1,524
  • May 29, 2007 9:14am May 29, 2007 9:14am
Ok, no reaction. Last month revised up.

COT says non commercial shorts have hardly increased at all while longs have been closed.

If they arent shorting they cant be to bearish on euro, right? and no reaction after the consumer sentiment report.

where do you guys see this pair heading and why?
  • #1,525
  • May 29, 2007 9:40am May 29, 2007 9:40am
Quoting VEC
where do you guys see this pair heading and why?
i'm short @ 3500 and @3430.

however, it still looks bullish.
BAM BAM BOOM! -bravado
  • #1,526
  • May 29, 2007 10:37pm May 29, 2007 10:37pm
A long-term fundamental analysis for EUR/USD. Not a recommended reading for tech traders. Just wanna share.
Attached File(s)
File Type: pdf CITI-EURUSD.pdf   387 KB | 1,818 downloads
Tra-X
  • #1,527
  • May 29, 2007 11:29pm May 29, 2007 11:29pm
Quoting Traex
A long-term fundamental analysis for EUR/USD. Not a recommended reading for tech traders. Just wanna share.
good read. thanks traex.
BAM BAM BOOM! -bravado
  • #1,528
  • May 29, 2007 11:39pm May 29, 2007 11:39pm
I agree, thanks for posting this.
  • #1,529
  • Edited 4:41am May 30, 2007 4:27am | Edited 4:41am
EUR must touchdown the 34.20-10 to gain some more strength
Look at the 30 min chart
Do someone agree on that?

=================================
  • #1,530
  • May 30, 2007 7:02am May 30, 2007 7:02am
Quoting bravado
i'm short @ 3500 and @3430.

however, it still looks bullish.
getting rid of 3430 position. break below 3400 and i'll consider more short positions.
BAM BAM BOOM! -bravado
  • #1,531
  • May 30, 2007 7:28am May 30, 2007 7:28am
The euro just chanded the direction of the main move of the week and it it is likely that we have already seen the top of the week while the extension down is likely. It also should make a confirmed crossover on weekly MACD this week confirming its target to be at around the main trendline which comes at about 1.2870 next month.
  • #1,532
  • May 30, 2007 7:30am May 30, 2007 7:30am
Quoting Igrok
..about1.2870 next month.
i read traex's citi group report and now this. and you know what.

they both make sense.
BAM BAM BOOM! -bravado
  • #1,533
  • May 30, 2007 7:37am May 30, 2007 7:37am
Quoting bravado
i read traex's citi group report and now this. and you know what.

they both make sense.
Hockey players believe that the Earth has a shape of a puck. Basketballers are much smarter...
  • #1,534
  • May 30, 2007 8:17am May 30, 2007 8:17am
Quoting bravado
i read traex's citi group report and now this. and you know what.

they both make sense.


Bravado:

You may wish to read this:

http://www.forexfactory.com/showpost...1&postcount=51
  • #1,535
  • May 30, 2007 8:40am May 30, 2007 8:40am
Quoting Igrok
Hockey players believe that the Earth has a shape of a puck. Basketballers are much smarter...
what the hell does that mean?
BAM BAM BOOM! -bravado
  • #1,536
  • May 30, 2007 8:42am May 30, 2007 8:42am
Quoting winterwhite
Bravado:

You may wish to read this:

http://www.forexfactory.com/showpost...1&postcount=51
you could've just said you are long on this pair.
BAM BAM BOOM! -bravado
  • #1,537
  • May 30, 2007 8:51am May 30, 2007 8:51am
i bought at around 1.3430

i see no reason for price to go below 1.34 with the crappy nonfarm we just saw, although the break below 1.3415 looked kinda bearish.

anyone else long?
  • #1,538
  • Edited 2:34pm May 30, 2007 2:11pm | Edited 2:34pm
Quoting bravado
you could've just said you are long on this pair.
bravado:

Actually I posted the link because Jacko who trades only
long Euro/USD , posted it. I believe that his post somewhat
makes room for the previous opinions you spoke of.

As for me, I am not trading this pair and won't be for a
while.

Tomorrow will not likely change my position. With many
US, Euro, GBP announcements, it is anyone's guess
which way this pair will go. Added to that, will be that
tomorrow is also the end of the month. It is not unusual
at month's end, to see the banks, investment houses,
big players, doing some end-of-the month tallying.
This usually makes for surprises.
  • #1,539
  • Edited 3:07pm May 30, 2007 2:51pm | Edited 3:07pm
Quoting VEC
i bought at around 1.3430

i see no reason for price to go below 1.34 with the crappy nonfarm we just saw, although the break below 1.3415 looked kinda bearish.

anyone else long?
======================

I am also long (34.20)
I do not see any reason for shortiong the EUR. IT ALLREADY GOT TO OVERSOLD.. If the NFP will come under expectation you will may see it touching the 1.35 again
  • #1,540
  • May 30, 2007 2:58pm May 30, 2007 2:58pm
Quoting winterwhite

As for me, I am not trading this pair and won't be for a
while... Tomorrow will not likely change my position. With many
US, Euro, GBP announcements, it is anyone's guess
which way this pair will go. This usually makes for surprises.
sounds like you know what you are doing.
BAM BAM BOOM! -bravado
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