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EURUSD

  • #1,601
  • Jun 12, 2007 11:51am Jun 12, 2007 11:51am
Quoting bravado
hey should i get out of my shorts?
...i was long, so i really cannot say. my positions are now closed.
  • #1,602
  • Jun 12, 2007 11:51am Jun 12, 2007 11:51am
I think that $ can not go any where till ratail sales so it will range trade ,although i think the wave 5 is not finished yet and we should see 1.4000 in few weeks.the max decline should be capped at 1.3250-70 in ideal case.
  • #1,603
  • Jun 12, 2007 11:54am Jun 12, 2007 11:54am
Quoting farhadfx110
I think that $ can not go any where till ratail sales so it will range trade ,although i think the wave 5 is not finished yet and we should see 1.4000 in few weeks.the max decline should be capped at 1.3250-70 in ideal case.
...that's true, especially when it comes to the fib chart at 61.8 (.3540) retracement. but what's worrying me is the rise in bond yields and the threat of rate increases from the fed.
  • #1,604
  • Jun 12, 2007 11:58am Jun 12, 2007 11:58am
very good help from all. appreciated.
BAM BAM BOOM! -bravado
  • #1,605
  • Jun 12, 2007 1:01pm Jun 12, 2007 1:01pm
Quoting bravado
very good help from all. appreciated.
Im sure you have exited the short by now
  • #1,606
  • Jun 12, 2007 1:40pm Jun 12, 2007 1:40pm
Quoting rubix
Im sure you have exited the short by now
still holding my shorts. i'm too nervous though maybe i should just take my profit here. what do you think?
BAM BAM BOOM! -bravado
  • #1,607
  • Jun 12, 2007 1:42pm Jun 12, 2007 1:42pm
This could be a double bottom, and it maybe be the chance to get out, up to you, Im long 3420
  • #1,608
  • Jun 12, 2007 1:50pm Jun 12, 2007 1:50pm
also divergence against a short now on 5 and 15min chart
  • #1,609
  • Jun 12, 2007 1:55pm Jun 12, 2007 1:55pm
Quoting Pipabix
This could be a double bottom, and it maybe be the chance to get out, up to you, Im long 3420
Quoting Pipabix
also divergence against a short now on 5 and 15min chart
grrr.. what do i do.. still thinking.
BAM BAM BOOM! -bravado
  • #1,610
  • Jun 12, 2007 2:40pm Jun 12, 2007 2:40pm
Quoting Pipabix
also divergence against a short now on 5 and 15min chart
...this is true, and as i have said in previous posts the fib indicator at 38 per cent makes it a valid retracement (which means we could go to 1.3540, 61.8 fib) BUT what's to stop it falling to, say, 50 per cent?? bond yields are worrying and so too are impending fed rate increases - which all support USD.
  • #1,611
  • Jun 12, 2007 2:48pm Jun 12, 2007 2:48pm
Quoting free4440273
...this is true..valid retracement (which means we could go to 1.3540, 61.8 fib)..
seriously?

still holding on to my short.

can anyone please help meeeeeeeeee? should i get out of my short.
BAM BAM BOOM! -bravado
  • #1,612
  • Jun 12, 2007 3:00pm Jun 12, 2007 3:00pm
my life has been such a whirlwind since on monday
ive been running round in circles in my mind
and it always seems that im following you, eurousd
cause you take me to the places that alone id never find

and even as i wandered i've kept you in sight
youre a candle in the chart on a cold, dark winters night
and im getting closer than i ever thought i might

and i cant fight this trend anymore
ive forgotten what i started fighting for
its time to bring these pips into the shore
and throw away the stop loss, forever

cause i cant fight this feeling anymore
ive forgotten what i started fighting for
and if i have to crawl upon the floor
margin call come crushing through my door
baby, i cant fight this feeling anymore.
BAM BAM BOOM! -bravado
  • #1,613
  • Jun 12, 2007 5:22pm Jun 12, 2007 5:22pm
Quoting WTB
I saw what seemed a flat-top triangle breakout to the downside in the direction of last days' downward trend.
Out at +35 at 1.3305.
  • #1,614
  • Jun 12, 2007 6:52pm Jun 12, 2007 6:52pm
Quoting Pipabix
also divergence against a short now on 5 and 15min chart
Divergence isn't to valid on the short term charts. Also try not to think of divergence as a reversal, it's more like a slowing of the trend while it builds up more momentum. That being said a slowing trend is a good place to look for reversals.
  • #1,615
  • Jun 12, 2007 7:32pm Jun 12, 2007 7:32pm
1.3250 is a major support level
Patience + Humility + Study = Success
  • #1,616
  • Jun 12, 2007 7:36pm Jun 12, 2007 7:36pm
still holding onto my shorts.
BAM BAM BOOM! -bravado
  • #1,617
  • Jun 12, 2007 7:44pm Jun 12, 2007 7:44pm
Quoting bravado
still holding onto my shorts.
Great call. Congrats.
  • #1,618
  • Jun 12, 2007 8:05pm Jun 12, 2007 8:05pm
good support coming up 3/30 low 288, congestion area for 3/16-3/21, 3/26 & 3/25 lows 255-60, also closing on center pitchfork channel.
  • #1,619
  • Jun 12, 2007 8:49pm Jun 12, 2007 8:49pm
1h is showing signs of turning, a lot of resistance up top, if it breaks 610 looking for a retrace to 32-40. That's my point of interest to see if this run is slowing or over.
  • #1,620
  • Jun 12, 2007 9:00pm Jun 12, 2007 9:00pm
Looks tome that we are likely to see some support at 300. While i think price is still due further south but the current trend on the weekly suggests that we will probably see some breather from the current selling.

if the 1hr swing fails to make a new low, i'll be taking a long trade up.
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