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EURUSD

  • #2,041
  • Jul 17, 2007 7:51am Jul 17, 2007 7:51am
Quoting squaw
they hope on a miracle, is it strong enought arguments, do you think?
No offence, but miracle isn't an argument
  • #2,042
  • Jul 17, 2007 8:04am Jul 17, 2007 8:04am
OK guys, it seems it's a tackle
Go EUR go
  • #2,043
  • Jul 17, 2007 8:11am Jul 17, 2007 8:11am
Plot EMA (21) on 4 hour or daily chart. You can see how strong it's support is from the mid-June, even now. Combine TA with fundamentals - and you'll have a very long perspective for E/U pair.
  • #2,044
  • Jul 17, 2007 8:13am Jul 17, 2007 8:13am
I hope it breaks 3800 this time otherwise I'm gonna punch EU in the face ;P
Trade what you see, not what you think.
  • #2,045
  • Jul 17, 2007 8:16am Jul 17, 2007 8:16am
Let's hope so. Anyway, I intend to wait.
  • #2,046
  • Jul 17, 2007 9:45am Jul 17, 2007 9:45am
3786 hasn't been broken for the past 4 hours..
Trade what you see, not what you think.
  • #2,047
  • Jul 17, 2007 10:04am Jul 17, 2007 10:04am
Quoting Mindaugas
Do any of you have strong arguments why you are buying EU? It would be great to see them. Thanks

This one works pretty well I find
Attached Image
Trust price. Know yourself.
  • #2,048
  • Jul 17, 2007 10:30am Jul 17, 2007 10:30am
we're on our 3rd week in a row of excellent economic news released for the U.S. and EUR releasing at or sometimes less than expected.

I don't know how much longer E/U can climb with fundamentals pointing down
taking series 3 and 34
  • #2,049
  • Jul 17, 2007 1:53pm Jul 17, 2007 1:53pm
Quoting skorcht
we're on our 3rd week in a row of excellent economic news released for the U.S. and EUR releasing at or sometimes less than expected.

I don't know how much longer E/U can climb with fundamentals pointing down
Fundamentals pointing down? Is the fact that the ECB is looking to raise interest rates and the US has no intention of doing so a fundamental pointing down to you?
  • #2,050
  • Jul 17, 2007 1:54pm Jul 17, 2007 1:54pm
Quoting karmostaji
I hope it breaks 3800 this time otherwise I'm gonna punch EU in the face ;P
Lol, your emotions here and your impatience expressed earlier indicate you may in for a rough ride :-)
  • #2,051
  • Jul 17, 2007 1:56pm Jul 17, 2007 1:56pm
Quoting zamans98
1.40? Umm, not impossible but it not this short term.

if it hit 1.40, I'll short EU for sure
Lol, and then if it hits 1.45, will you try again? What you're just done is profess to know what will happen when price reaches a certain point. This is the biggest mistake you can make! You don't know! But I know that if a pair is at an all time high, why would you try to defy its momentum and short it?? When USDCAD hit 1.10, did you think it could go any lower? What about when it reached 1.05? Ladies and gentlemen, a currency pair price is just a ratio, and it ALWAYS has room to go up or down. Could USDCAD go down to 0.75? Absolutely! Why fight a trend??
  • #2,052
  • Jul 17, 2007 2:00pm Jul 17, 2007 2:00pm
what can i say, EU nearly to sideway. wtf
Artist lead and hacks ask for a show of hands.
  • #2,053
  • Jul 17, 2007 7:41pm Jul 17, 2007 7:41pm
Quoting JoshDance
Fundamentals pointing down? Is the fact that the ECB is looking to raise interest rates and the US has no intention of doing so a fundamental pointing down to you?
Right but first things first...
inflation happens first, Then later on...interest rates are addressed and adjusted if needed.

I'm just saying some things are starting show recovery in U.S. economic numbers
taking series 3 and 34
  • #2,054
  • Edited Jul 18, 2007 6:00am Jul 17, 2007 7:43pm | Edited Jul 18, 2007 6:00am
OK, it seems that 1.38 has been broken from down below.
I have closed 1 lot @ 1.3820 and left 2 more lots with S/L @ 1.3791.

Closed remaining lots early @ 1.3818 because my internal goblin told me it will be a retracement.
Total is 92 pips (3 mini-lots).

To go long again, I'll wait for 1.3720-30 level.
  • #2,055
  • Jul 17, 2007 8:06pm Jul 17, 2007 8:06pm
Quoting JoshDance
Lol, and then if it hits 1.45, will you try again? What you're just done is profess to know what will happen when price reaches a certain point. This is the biggest mistake you can make! You don't know! But I know that if a pair is at an all time high, why would you try to defy its momentum and short it?? When USDCAD hit 1.10, did you think it could go any lower? What about when it reached 1.05? Ladies and gentlemen, a currency pair price is just a ratio, and it ALWAYS has room to go up or down. Could USDCAD go down to 0.75? Absolutely! Why fight a trend??
So what? Nobody can predict the market, so are you...
  • #2,056
  • Jul 17, 2007 8:18pm Jul 17, 2007 8:18pm
and who would go long at the current high?
  • #2,057
  • Jul 17, 2007 8:21pm Jul 17, 2007 8:21pm
EURUSD is in up trend, the rise from 1.3262 extended to as high as 1.3822, and further rise towards 1.3900 to reach the next cycle top on daily chart is still possible in the next several days. Near term support is at 1.3750, a break below this level will signal consolidation to the up trend. For long term analysis, EURUSD bottomed at 1.3262 on weekly chart. Further rise towards 1.4500 to reach the next cycle top on weekly chart is expected to follow in the next several weeks.
If I Go Broke Trying Then I Will die happy.
  • #2,058
  • Jul 17, 2007 8:29pm Jul 17, 2007 8:29pm
Quoting jest1081
and who would go long at the current high?
I just did all my signals, indicators, everything says UP UP UP! I'm already +8 on my latest position I opened around 1.3810. If US comes out with bad data tomorrow I'd say we definitely are headed to 1.4+
  • #2,059
  • Jul 17, 2007 8:31pm Jul 17, 2007 8:31pm
Thanks moe. I have given up shorting all usd related. At these levels, i hvae no interest in whatsoever the pair does.
  • #2,060
  • Jul 17, 2007 8:39pm Jul 17, 2007 8:39pm
The weird thing is how so many people are going against the trend. It's been like these for weeks now...

http://fxtrade.oanda.com/resources/t.../posratios.png

Note the RED line...E/U is THE MOST shorted pair based on OANDA
Until that line goes over 50% E/U will keep going up lol
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