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  • #3,201
  • Dec 12, 2007 6:06am Dec 12, 2007 6:06am
We need more data to make a right decission to go long or short euro. At this moment nobody knows what the euro will do.
Trainee at UBS Investment Banking
  • #3,202
  • Dec 12, 2007 8:37am Dec 12, 2007 8:37am
Quoting th_ngue21
We need more data to make a right decission to go long or short euro. At this moment nobody knows what the euro will do.
I agree, and I'm going to continue to ride out my longs ...
  • #3,203
  • Dec 12, 2007 9:09am Dec 12, 2007 9:09am
Once They Stop Dumping Money Into To This.

This Thing Eur/usd Is Going To Hit The Roof.

I See 1.52 By The End Of The Year.

Looks Like.

What Do Ya Think Anybody.

Good Trading
  • #3,204
  • Dec 12, 2007 10:12am Dec 12, 2007 10:12am
Quoting th_ngue21
We need more data to make a right decission to go long or short euro. At this moment nobody knows what the euro will do.
I do, Euro is going for another try at 1.50. After all, I'm right 50% of the time.
  • #3,205
  • Dec 12, 2007 10:13am Dec 12, 2007 10:13am
I See On Zappa Chart A Head And Shoulder Formed.

Same Thing On My Chart.

Is This Why You Think It Is Going Down.

Maybe I'm Wrong Again But I Think It Is Going Up.

Good Trading.
  • #3,206
  • Dec 12, 2007 10:17am Dec 12, 2007 10:17am
Ya Me To.

I'm Just Wrong 50% The Other 50% I Thought I Was Wrong.

And Was.

Good Tradeing Falcon232.
  • #3,207
  • Dec 12, 2007 1:40pm Dec 12, 2007 1:40pm
Quoting falcon232
I do, Euro is going for another try at 1.50. After all, I'm right 50% of the time.
I'm wrong 50% of the time, and I'm usually not right the other 50% ...
  • #3,208
  • Dec 12, 2007 2:11pm Dec 12, 2007 2:11pm
Quoting Schminner
I'm wrong 50% of the time, and I'm usually not right the other 50% ...
There's actually some truth to that for me. When I'm right, my lousy profit-taking skills enter the picture, and I TP way too soon, or way too late. Oh well.
We've made it past 1.47. 1.5, here we come!
  • #3,209
  • Dec 12, 2007 2:36pm Dec 12, 2007 2:36pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting falcon232
There's actually some truth to that for me. When I'm right, my lousy profit-taking skills enter the picture, and I TP way too soon, or way too late. Oh well.
We've made it past 1.47. 1.5, here we come!
trail a SL at 50pips and let that be your exit stratagy, takes the guess work out of it and allows it to run. all you need to do then is find the entry points - half the work.
  • #3,210
  • Edited 2:59pm Dec 12, 2007 2:40pm | Edited 2:59pm
Am I seeing things...a certain break of 1.4750 (dbl top on 4 hr chart) with a run to 1.4800 easily. I wouldn't look for much higher than 1.4800 right away, we should spend some time in that area. Should happen soon.

1.4750 - 1.4800 should prove to be a nice little trading area, maybe
  • #3,211
  • Dec 12, 2007 5:07pm Dec 12, 2007 5:07pm
Quoting Forex It
Once They Stop Dumping Money Into To This.

This Thing Eur/usd Is Going To Hit The Roof.

I See 1.52 By The End Of The Year.

Looks Like.

What Do Ya Think Anybody.

Good Trading
During Thanksgiving period, I shared that sentiment. but then I changed my mind. I actually was short, thinking about Europe's inflation concerns and the impact of exports on their economy plus a bunch of other various fundamental evaluations (I admit I am more of a fundamental analysis kind of person).

Was really surprised at the "almost 1.50" breakout, it just didn't compute for me.

Now I am certain that you won't see much movement for the rest of the year because most institutional traders have all their quarterly books done, people are thinking about holiday shopping... maybe some action once the first data about the Xmas shopping season comes out.

Generally I feel the short-term correction isn't entirely complete yet, and I'm skittish about entering long on the Euro near-term, because I might get forced to wait out a longer-term trend. That's what happened during Thanksgiving. My short position was really getting stretched, and I positively hate having to ride something out that i don't understand.
  • #3,212
  • Dec 12, 2007 6:03pm Dec 12, 2007 6:03pm
Quoting falcon232
There's actually some truth to that for me. When I'm right, my lousy profit-taking skills enter the picture, and I TP way too soon, or way too late. Oh well.
We've made it past 1.47. 1.5, here we come!
I hope so, because my longs are becoming shorter by the day .. LOL
  • #3,213
  • Dec 12, 2007 7:40pm Dec 12, 2007 7:40pm
Quoting FXNorm
Am I seeing things...a certain break of 1.4750 (dbl top on 4 hr chart) with a run to 1.4800 easily. I wouldn't look for much higher than 1.4800 right away, we should spend some time in that area. Should happen soon.

1.4750 - 1.4800 should prove to be a nice little trading area, maybe
Sorry i am new here would you please be kind enough to take a screenshot and post it here ... thx for your time
  • #3,214
  • Dec 12, 2007 8:29pm Dec 12, 2007 8:29pm
I'm looking for excuses on how we can break 1.5. Any likelihood of another rate cut will help seal the deal, and PPI, CPI numbers might be just what we needed.
  • #3,215
  • Dec 12, 2007 8:32pm Dec 12, 2007 8:32pm
Quoting falcon232
I'm looking for excuses on how we can break 1.5. Any likelihood of another rate cut will help seal the deal, and PPI, CPI numbers might be just what we needed.

Why do you think the Euro can reach 1.500 ??

I dont think that big boys are waiting for that.
Trainee at UBS Investment Banking
  • #3,216
  • Dec 12, 2007 8:37pm Dec 12, 2007 8:37pm
Quoting th_ngue21
Why do you think the Euro can reach 1.500 ??

I dont think that big boys are waiting for that.
Fundamentally, a .25 rate cut was priced in with a decent chance of a .50 cut part of the picture. The .25 cut was a bit of a disappointment, and could have easily brought the Euro down, but didn't. We just need data to indicate a future cut, and it's headed back up.
  • #3,217
  • Dec 12, 2007 8:43pm Dec 12, 2007 8:43pm
Be prepared by day end on Friday the pair will fall down to the 1.45.. level at least...
Is that just a thought or it will actually happen?...
Just don't come asking why I didn't tell you so
The greatest risk in life, is not taking one!
  • #3,218
  • Edited Dec 13, 2007 1:16am Dec 12, 2007 9:32pm | Edited Dec 13, 2007 1:16am
You may be right, attrium.

Head and shoulders, anyone?
Attached Image
  • #3,219
  • Dec 12, 2007 10:10pm Dec 12, 2007 10:10pm
Quoting attrium
Be prepared by day end on Friday the pair will fall down to the 1.45.. level at least...
Is that just a thought or it will actually happen?...
Just don't come asking why I didn't tell you so
It's just your imagination ... don't let it get the best of you ...
  • #3,220
  • Edited 10:53pm Dec 12, 2007 10:22pm | Edited 10:53pm
The Big Boys probably picked up a lot of contracts as they dropped the price down hard over 400 pips. If they did, they sure as hell won't want to take them lower. Best bet is, they'll dump them on the next bunch of suckers at the next rally high over 1.500.
I look at the market like it was rigged, please tell me its not rigged...ya think!

Actually, the big banks let us all play with them so we can share in all their wealth, right? I knew there's a good reason we get to play, oh yah, liquidity lol.
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