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EUR/USD Trading Room

  • #101
  • Nov 3, 2007 4:44pm Nov 3, 2007 4:44pm
Phil's pic just cracks me up I guess in some twisted way I can identify with the senerio....
http://img516.imageshack.us/img516/9...ic25981la5.jpg
Same Whore .... Different Dress
  • #102
  • Nov 4, 2007 12:21pm Nov 4, 2007 12:21pm
Quoting johnedoe
Phil's pic just cracks me up I guess in some twisted way I can identify with the senerio....
http://img516.imageshack.us/img516/9...ic25981la5.jpg
The biggest enemy of all to traders is
waiting for News and Reports !

News causes emotion !............
-We all know what happens when emotion gets evolved when trading .....
  • #103
  • Nov 4, 2007 12:54pm Nov 4, 2007 12:54pm
Quoting marketwavez
The biggest enemy of all to traders is
waiting for News and Reports !

News causes emotion !............
-We all know what happens when emotion gets evolved when trading .....
That is why you trade what you see NOT what you hear.......
Same Whore .... Different Dress
  • #104
  • Nov 4, 2007 7:33pm Nov 4, 2007 7:33pm
Hi,

from bunton charts, anywhere between 19aug-5 trading days ago would have been a good profitable entry...based on hindsight, heh.

johnedoe....thats really some funny 'shit' man. Reminds me of my army days. We used to dig these shit holes.
  • #105
  • Nov 4, 2007 7:43pm Nov 4, 2007 7:43pm
Quoting jest1081
Hi,

from bunton charts, anywhere between 19aug-5 trading days ago would have been a good profitable entry...based on hindsight, heh.

johnedoe....thats really some funny 'shit' man. Reminds me of my army days. We used to dig these shit holes.
Guess I missed something in the translation........

OH.... phil's cartoon......damn I'm a little slow tonight... LOL
Same Whore .... Different Dress
  • #106
  • Nov 11, 2007 2:57pm Nov 11, 2007 2:57pm
It's not showing on the charts yet, but i believe the weak dolar trend is over for the time being. A bear market in equities will cause carry trades to sell off and cause the dollar to gain back some of it's losses vs. the Euro and the other high yielders.
  • #107
  • Dec 2, 2007 10:51am Dec 2, 2007 10:51am
OK, perhaps I have no business really saying anything here... so many are light years ahead of me, and I rarely can saying anything of any relavence... but here is my idea of price for EUR/USD for the next little while...

I am not trying to predict where the price will go, though I do admit I would like to see it go this way...

Red is the 62 ema...
Attached Image (click to enlarge)
Click to Enlarge Name: zzzz.gif Size: 10 KB
  • #108
  • Dec 2, 2007 11:43am Dec 2, 2007 11:43am
Well for what it's worth here are my two pips.

For EUR/USD at open of Mondays candle
enter short position..... TP 100 .... SL 50

since I trade at Oanda there Monday candle opens at 8:00 PM PST sunday night.

I don't think the run for 150 is over yet but seems we are in a bit of a correction for the moment.
Same Whore .... Different Dress
  • #109
  • Dec 2, 2007 1:53pm Dec 2, 2007 1:53pm
Quoting NewstraderFX
It's not showing on the charts yet, but i believe the weak dolar trend is over for the time being. A bear market in equities will cause carry trades to sell off and cause the dollar to gain back some of it's losses vs. the Euro and the other high yielders.
Ironic to 2-3 weeks later see the equity bullish retrace/counter-rally/reprieve/callitwhatyouwant coincide with the USDJPY and USD rally instead

I wouldn't have expected it I have to say.

I wonder what the stocks will lead to in this final month of the year and the usual xmas excuse to buy everything in sight - maybe stocks, too?

Is it christmas for the USD?
Trust price. Know yourself.
  • #110
  • Dec 3, 2007 2:54am Dec 3, 2007 2:54am
SL, for what it's worth, there are going to be some really nice mid term, I'm talking a year or more postitions to take inmo. The dow, looks like is ready to break some trendlines and sucker some people back to the upside, lol. To me I see a nice H&S setting up, the time before the new year historically is good to equities, hence the rally. There could be an alternative count pointing much higher on the dow, but looking at fundamentals in the US I, for one, can't find a realistis scenario for that to happen. I think we are entering a super cycle bear market, time will tell.
  • #111
  • Dec 3, 2007 3:06am Dec 3, 2007 3:06am
Quoting gene22
SL, for what it's worth, there are going to be some really nice mid term, I'm talking a year or more postitions to take inmo. The dow, looks like is ready to break some trendlines and sucker some people back to the upside, lol. To me I see a nice H&S setting up, the time before the new year historically is good to equities, hence the rally. There could be an alternative count pointing much higher on the dow, but looking at fundamentals in the US I, for one, can't find a realistis scenario for that to happen. I think we are entering a super cycle bear market, time will tell.
Well my sole problem with the stock market is that it never properly changed direction ever since it was invented. It's basically unidirectional.

However - there's been enough good excuses to cause 50-70% meltdowns.

The DAX went down to 2100-2500 points during the Gulf War I believe, from highs of around oh, I believe it was 5000+. Afterwards back up above 5000 in the next 2-3 years. You know?
Big dents, big rebounds..

But I sure wouldn't mind a nice 2-8000 pip dent in DJI and GJ

Nooooooot at all...seems the carry is hearing us now, it's falling merrily
Trust price. Know yourself.
  • #112
  • Dec 3, 2007 3:37am Dec 3, 2007 3:37am
Wipe that big smile off your face, lol, I've got some counter trades to the upside, my main shorts can wait, only got 20 pips from the last bounce, good thing moved the stop loss as saw it falling further, now have another one at 226.60, sl at break even, have a feeling it wants to see 225.20. Euro didn't reach the take profit and reverse by 7 misely pips, I'm begining to have a vendetta against that one. Took some profit, now the technical picture just begs for at least 1.4715, possibly even up to 1.4770, let's see, is it going to pay me, or take my 10 pip stop loss.
lol

As far as the dow, your are right and I think this is because we were, on the dow at least, in the end of a grand super bull cycle. I think 2008 and beyond we are entering a whole different ball game. It's a shot in the dark, but that's what I see on my charts so I'll trade it agressively untill it proves to me wrong. Wouldn't it be a surprise to see the dow around 2000-2500 level within the next 4 years?! Now that would be a nice payday.
  • #113
  • Dec 3, 2007 3:48am Dec 3, 2007 3:48am
Quoting gene22
Wipe that big smile off your face, lol, I've got some counter trades to the upside, my main shorts can wait
Doh
I had hoped you'd already started shorting 111.15 USDJPY

Quote
, only got 20 pips from the last bounce, good thing moved the stop loss as saw it falling further, now have another one at 226.60, sl at break even, have a feeling it wants to see 225.20.
Well 225.80 has the next 1h/4h s/r, no idea how this is all gonna turn out.
Currently wondering whether the expected retrace lower will cascade and slip or get stopped quite a bit ahead of the low for a push higher.

Quote
Euro didn't reach the take profit and reverse by 7 misely pips, I'm begining to have a vendetta against that one. Took some profit, now the technical picture just begs for at least 1.4715, possibly even up to 1.4770, let's see, is it going to pay me, or take my 10 pip stop loss.
Attaching my current 10 second (invested time to smack it together) chart

Would like those levels reached, tested, and if rejected, form setups.
Attached Image
Trust price. Know yourself.
  • #114
  • Dec 3, 2007 3:59am Dec 3, 2007 3:59am
allright here is mine, let's see, stop at break even, time to get some breakfast now
Attached Image (click to enlarge)
Click to Enlarge Name: euro scalp.gif Size: 52 KB
  • #115
  • Dec 3, 2007 4:04am Dec 3, 2007 4:04am
Hey, SL, there is a pin on the euro 1hr, I know you like those
  • #116
  • Dec 3, 2007 4:12am Dec 3, 2007 4:12am
Quoting SeekingLight
Doh
I had hoped you'd already started shorting 111.15 USDJPY

Well 225.80 has the next 1h/4h s/r, no idea how this is all gonna turn out.
Currently wondering whether the expected retrace lower will cascade and slip or get stopped quite a bit ahead of the low for a push higher.

Attaching my current 10 second (invested time to smack it together) chart

Would like those levels reached, tested, and if rejected, form setups.
There is a gap around 111.06, I allready had too many better setups activated so now that took some profit waiting for the gap to fill for the ride down. This is a corretion within the correction though j/u should probe higher inmo
  • #117
  • Dec 3, 2007 4:27am Dec 3, 2007 4:27am
Quoting gene22
Hey, SL, there is a pin on the euro 1hr, I know you like those
Doh!

Not this one I don't, it doesn't fit into my plan
Trust price. Know yourself.
  • #118
  • Dec 3, 2007 2:03pm Dec 3, 2007 2:03pm
Aren't you missing a shoulder?
Attached Image
  • #119
  • Dec 3, 2007 7:45pm Dec 3, 2007 7:45pm
Yeah !!! But it's coming !!! Cell growth on such a massive scale takes some 'days'

Quoting philmcgrew
Aren't you missing a shoulder?
  • #120
  • Edited 5:29am Jan 8, 2008 4:52am | Edited 5:29am
With all the talk about EURUSD spiraling out of control (breaching 1.50 and moving toward 2.00) has anyone here considered the PPP on the pair?

Europeans are chomping at the bit to buy US land, stocks, businesses, etc.... their buying power will push weak dollars back into the economy, IMO preventing a higher price than we've seen recently.

A victory in Iraq, combined with a new president, should change the world's sentiment toward the US, and consequently help the dollar.

Thoughts are welcome.
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