EURUSD

Then you both should be in something different than FX.

I tried online casino, but that was worse than FX ... http://www.forexfactory.com/images/icons/icon10.gif

SeekingLight:

Just skimming through the thread here and saw your quote. I just finished "Hunters of Dune". I hope this story never ends....

Well, I see a week or two of stagnation for the pair. To jump up and down anywhere between 30 to 50 pips. After that we might even see a drop.
Oh, and about the vacation, I mentioned before, that Europeans have right now, all that result will come out next month. So far we had the results of the previous month, when everybody was working. And tomorrow Trichet might say something that could influence the pair for the future.
So I still sugest to be cautious. But that is just my opinion, and only I shall fallow it.

Hmm interesting, that should definitly have some pressure on this pair. But I must say that on the daily charts the stochastics and RSI are in excellent standing for a move upwards.

So did they on August 5th.

long 1.3670

Ditto to your quote above. Just placed a trade long in that position, hopefully it can penetrate 1.37 in the London open.

15 indicators and made a decision!!!!!
you are a HERO

OMG IMO, you should definetely limit and simplify your list of indicators...

relax...Citigroup Inc. says the euro may rise to $1.42 by the end of the year from $1.3675 on Aug. 24. It was last quoted at $1.3668.
they are not that stupid....
http://www.bloomberg.com/apps/news?p...currency_rates

Hi Im Yoly, Im new here.

59fender you sure have alot of indicators on your chart. I got alittle confused looking at it. How did you get a long position out of all of those (some I havent even seen before)?

I am also long but at 1.3644.

But Im worried abut the Lack of EUR news this week compared to all the USD data that is comming out. Would this stop the uptrend for this week? And yes I fear today's red candle on the daily chart. what do yu guys think?

The absence of any sort of "vigilance" in Trichet's text can be seen as an absence of hawkishness. Does this absence of hawkishness necessarily imply dovishness though? In this case, I don't believe so. I do think we will see ECB on hold in September however, because of the recent market turmoil. As we are probably nearing the end of the tightening cycle, the need for higher rates to contain inflation is probably not as urgent as it was say 8 months ago, while the risk to money supply (and growth) could be a real threat. If I was the king of the world (or at least of Europe) I would remain on hold for a month or so to see how things shape up, but assuming that nothing more blows up, another rate hike would certainly be in my plans in the coming months.

What does this mean? It means I will be hanging on to my EUR/USD long from an average of 1.3508, still looking for 1.3850 as the t/p for the entire position... This "swing trade" may turn out to be something a little bit more long term, and I am paying a bit of swap, but so far it is coming along nicely. I have already moved s/l to 1.3540 for a minimum of 32 pips profit (I prefer to trail my own stops based on tech levels rather than a set number of pips).

I would love to say good luck to all of you, but the consensus here seems to be short for the time being... so good luck for you would mean bad luck for me ... We wouldn't want that.

ignore the indictors I was just fooling with those,I normaly trade without them,although the qqe indictor works quite well from what I've seen,just can't get it on meta trader apparently,I do have it on vt trader,just don't use those charts very often.

I think it's an odd day because we have a Bank Holiday in the UK today so trading from London is out of equation today.

I was looking for a retrace to 13600 which i think could have been lower if London had been on today...

Sort of got it.. but i missed the entry by a couple of pips...

Now i'm thinking bull looks good on the charts if others looking for a retrace think the same as i do..

Despite this i'm going to keep my limit entry at 600 at the moment but also go for one at 650.. (like Jacko) so i dont miss out if goes up from here without another retrace...

Sun's gone in here in Devon, good riddance to all the damn tourists!. All the motorways will be jammed up tonight so the London traders will be back in a bad mood tomorrow

Tomorrow's FOMC meeting could fluctuate the market quite a bit tomorrow. Do you guys think it will go up or down???

By yolybear:
I am also long but at 1.3644...
...

Hi, yolybear, were you patient enough? If you were, it finally got paid off, right?

The market is going crazily and I don't have a clue.

Euro have just broken the 61.8 fibo level and now we are going to see if it manages to brake yesterday's high 1,3682

I'm long EU @ 1,3650 looking for 1,39 - 1,40 (first target).

I think current "rest" of the uptrend is due to lack of confidence in the market after the turbolence of last weeks.

Looking for a short at these levels, could take us down to the 1.3500 and lower by tomorrow.