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  • #3,321
  • Dec 18, 2007 2:15pm Dec 18, 2007 2:15pm
Quoting cgldsmth
I'd favour a further drop to 1.4150 50% fib. eurodollar likes 50-fib.
If it breaks 300 (which I'm still hoping for and is a possibility until confirmation )
  • #3,322
  • Dec 18, 2007 3:46pm Dec 18, 2007 3:46pm
my view for next 2 days. i will prepare to go short,........
look the picture bellow.
grega

1h chart

Attached Image (click to enlarge)
Click to Enlarge Name: pic1.gif Size: 44 KB
  • #3,323
  • Dec 18, 2007 4:21pm Dec 18, 2007 4:21pm
so, will it short or will it long ???
  • #3,324
  • Dec 18, 2007 7:25pm Dec 18, 2007 7:25pm
Quoting Schminner
so, will it short or will it long ???
Yes. :
Attached Image (click to enlarge)
Click to Enlarge Name: EU_breakout.PNG Size: 8 KB
  • #3,325
  • Dec 18, 2007 7:31pm Dec 18, 2007 7:31pm
Quoting Schminner
so, will it short or will it long ???
We've already tapped the 38.2 retracement of the 1.3360-1.4970 run. With this low liquidity, I'm hoping for a run down to touch the 50 retracement, which I'm seeing @ 1.4170. With little Euro data and some more positive US data, we could see it before the new year.
In the long term, we're headed WAY back up, and I'm buying very small longs on any dip towards that 38.2 retracement line.
  • #3,326
  • Dec 18, 2007 8:31pm Dec 18, 2007 8:31pm
Quoting opie999
Yes. :
I thought I was the only one seeing that triangle

Down down down! Well as long as it trends either way I guess, but still I'd like it to touch 300
  • #3,327
  • Dec 18, 2007 9:45pm Dec 18, 2007 9:45pm
http://i9.tinypic.com/7xsjs00.gif


pretty aware of that triangle since yesterday. .
this is a pretty bullish eu signal, we may be headed to 1.45 for then a possible retracement.
  • #3,328
  • Dec 18, 2007 10:04pm Dec 18, 2007 10:04pm
Sold my longs...not holding through tonight have order in to buy at 1.4150 just in case I can catch it on over blown reaction to German PPI. The strong dollar them may have just begun and I don't want to get caught holding the bag on a 700 pip move down into january or ... whatever.
  • #3,329
  • Dec 18, 2007 10:08pm Dec 18, 2007 10:08pm
Quoting falcon232
We've already tapped the 38.2 retracement of the 1.3360-1.4970 run. With this low liquidity, I'm hoping for a run down to touch the 50 retracement, which I'm seeing @ 1.4170. With little Euro data and some more positive US data, we could see it before the new year.
In the long term, we're headed WAY back up, and I'm buying very small longs on any dip towards that 38.2 retracement line.
funny I put buy an order in to buy 1.4170 instead of 141.50....

500 billion in Euro outflows or those loans not real money?? hehe
  • #3,330
  • Edited 8:27am Dec 19, 2007 5:48am | Edited 8:27am
Just to comment how I see this pair in coming days.
Until now we are seeing what I have wrote some time ago : http://www.forexfactory.com/showthre...82#post1716682
and I am keeping my view intact.

I am waiting a up move later today or tomorrow to see price stop at 1.4525/45 for then we resuming the Downtrend.
If you guys didn't entry to go long today at 1.4375, wait until you see RSI at 41 at 15Min TimeFrame to enter, go for tiny lots for this one.

Good luck to all


P.S. RSI is period 21 not 14 as Original value.
  • #3,331
  • Dec 19, 2007 7:45am Dec 19, 2007 7:45am
I sold a tiny position today. EUR has held up well in dollar strength realtive to other pairs. Thinking it may be time to pay the piper. If not then EUR strength is very real going forward.
  • #3,332
  • Dec 19, 2007 9:10am Dec 19, 2007 9:10am
I'm long from 1.4391
  • #3,333
  • Edited 9:58am Dec 19, 2007 9:54am | Edited 9:58am
Whole lotta nothing going on here. Was eyeballing CADJPY long, and watched it move on without me. hmmm what to do?

Edit: One thing I do notice is BB tight on 4 hour, something is likely to happen within 4 hours.
  • #3,334
  • Dec 19, 2007 12:27pm Dec 19, 2007 12:27pm
This drop to 1.4325 was a no drop!!
It didn't kill the most important Support at 1.4335

I see the pair rise again even today to same value that was at 1.44, so be prepare to see this pair at 1.45 very soon.
  • #3,335
  • Dec 19, 2007 1:57pm Dec 19, 2007 1:57pm
Quoting TIckerShuffl
Sold my longs...not holding through tonight have order in to buy at 1.4150 just in case I can catch it on over blown reaction to German PPI. The strong dollar them may have just begun and I don't want to get caught holding the bag on a 700 pip move down into january or ... whatever.
Same here, at a deep discount ... lol
  • #3,336
  • Dec 19, 2007 2:37pm Dec 19, 2007 2:37pm
We had a pin bar develop two H4 bars ago. It's intersecting with the recent downtrend's major trendline, indicating that I don't see a further drop and in fact a soon break out on the upside. Watch for major bullish signals to develop imo.

Edit: No one take my advice seriously - I'm very new to this (about four months) and still in demo (profitable though) and speculating. If you want advice look elsewhere.
  • #3,337
  • Dec 19, 2007 5:12pm Dec 19, 2007 5:12pm
I think we have further to go on the downside. I'm a long term investor in currencies and have had positions open in the Eur/Usd for years. You usually see 4 hour or daily trendline breaks in this pair and I'm not seeing any trendline formation on either of these time frames. Sometimes people just need to forget about the fibonacci's, the pivots, and all these other technical indicators and just wait for a trendline formation. I'm riding this pair from my entry at 1.4536.
  • #3,338
  • Dec 19, 2007 5:23pm Dec 19, 2007 5:23pm
I predict we will see the 1.4250 line hit then a nice retrace up to end the year. I am long the EURUSD on my weekly stratagy and will add profits once it hits that # looking for a nice bounce back up.

I had a similar trend like this on the GBPCAD and it took a good month to come back but its now up 650 pips taking it on a long term sell! ....

Just hang on people the USD is not getting stronger... the big boys are just reloading their Guns.
M4X............ Hedging My Way To Profits!
  • #3,339
  • Dec 19, 2007 5:25pm Dec 19, 2007 5:25pm
Quoting M4X
I predict we will see the 1.4250 line hit then a nice retrace up to end the year. I am long the EURUSD on my weekly stratagy and will add profits once it hits that # looking for a nice bounce back up.

I had a similar trend like this on the GBPCAD and it took a good month to come back but its now up 650 pips taking it on a long term sell! ....

Just hang on people the USD is not getting stronger... the big boys are just reloading their Guns.
I agree, but I'm not sure how low we will go first. A Euro as low as 1.41-1.42 is a great buy!
  • #3,340
  • Dec 19, 2007 11:18pm Dec 19, 2007 11:18pm
Quoting falcon232
I agree, but I'm not sure how low we will go first. A Euro as low as 1.41-1.42 is a great buy!
yo, oppie, what's your opinion??
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