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  • #3,481
  • Jan 6, 2008 5:15pm Jan 6, 2008 5:15pm
i am sure we will see 1.50
but not this week.
A retrace is due in my opinion but i am not taking a short position yet. not comfortable going long today.
  • #3,482
  • Jan 6, 2008 7:55pm Jan 6, 2008 7:55pm
I'm short 1.4743. Initial TP is 4730 - 4720. If it continues below this, I think we may be heading for 4700 which is a significant support point. I know I'm trading against the overall longterm trend, which I typically avoid, but the setup was too good to pass. Anyway, ready to bail with whatever the market gives me!
  • #3,483
  • Jan 6, 2008 8:41pm Jan 6, 2008 8:41pm
1.4700 break could head down to the 1.4650-80 area, thats where most of the players will be buying
  • #3,484
  • Jan 6, 2008 8:51pm Jan 6, 2008 8:51pm
Profit taking happening by Asian Players.. It wil rise up . Buying will continue.
  • #3,485
  • Jan 6, 2008 9:03pm Jan 6, 2008 9:03pm
You may be right. Took a pretty hard bounce off the 4700. That's where I closed 2/3 of my position so I'm in free trade mode right now.
  • #3,486
  • Jan 6, 2008 9:09pm Jan 6, 2008 9:09pm
Doesnt it looks like funny..
NY Gives chances to Asian Players oN Monday to Profit book.

And now When European/NY will wake up, who have already profit book. they will say Wow EUR/USD is good buying now, they will buy..

Its like a Cycle..

My view....

need to see how European/NY reacts.. We have some European Data coming up as well later.
  • #3,487
  • Jan 6, 2008 9:33pm Jan 6, 2008 9:33pm
Hmm the spinning top that occured on the daily charts last week, has sure made me a little pessimistic about that chance of approaching 1.5000. Can someone reassure me again that 1.5000 will be more than likely hit.
"Don't work for your money, but let money work for you."
  • #3,488
  • Jan 6, 2008 9:35pm Jan 6, 2008 9:35pm
Quoting chady250
Hmm the spinning top that occured on the daily charts last week, has sure made me a little pessimistic about that chance of approaching 1.5000. Can someone reassure me again that 1.5000 will be more than likely hit.
When enough retail short EURUSD, banks will run it up
  • #3,489
  • Jan 6, 2008 9:43pm Jan 6, 2008 9:43pm
Quoting TIckerShuffl
When enough retail short EURUSD, banks will run it up
Hmm so does that mean this bounce from 1.4700 is really good at the moment, until we hit the European Open.
"Don't work for your money, but let money work for you."
  • #3,490
  • Jan 6, 2008 10:32pm Jan 6, 2008 10:32pm
Closed remaining 1/3 at 4720.
  • #3,491
  • Jan 7, 2008 1:59am Jan 7, 2008 1:59am
its not a good idea to go long at this moment.

1.4685 is broken and that is nasty. wont go short right now cause 15 m charts are oversold.
  • #3,492
  • Jan 7, 2008 6:43am Jan 7, 2008 6:43am
Im long since 4700. What do you guys think?
  • #3,493
  • Jan 7, 2008 7:50am Jan 7, 2008 7:50am
http://beuleah.files.wordpress.com/2...rusddiver1.gif

its not a trade setup just a divergence on my chart, thought to share.
  • #3,494
  • Jan 7, 2008 8:00am Jan 7, 2008 8:00am
Quoting trinifx
Im long since 4700. What do you guys think?
Just sit and relax, be patient it will push up higher now
  • #3,495
  • Jan 7, 2008 8:04am Jan 7, 2008 8:04am
Ok I will be thanks

Quoting jacobtrader
Just sit and relax, be patient it will push up higher now
  • #3,496
  • Jan 7, 2008 8:59am Jan 7, 2008 8:59am
Looking a little bearish here for the euro, unless we can close higher above the 1.4750 level will the trend continue.
  • #3,497
  • Jan 7, 2008 9:14am Jan 7, 2008 9:14am
Quoting MackS10
Looking a little bearish here for the euro, unless we can close higher above the 1.4750 level will the trend continue.
===
i agree with u, as long as 4750 not broken favor short.trend ST remain down, but for LT price target 1.5..(market waiting rate decision thursday.)but before leg up comfirm "maybe" will test lower tiil 4636-4629..
it's my personal opinion...
  • #3,498
  • Jan 7, 2008 9:19am Jan 7, 2008 9:19am
Quoting adji04
===
i agree with u, as long as 4750 not broken favor short.trend ST remain down, but for LT price target 1.5..(market waiting rate decision thursday.)but before leg up comfirm "maybe" will test lower tiil 4636-4629..
it's my personal opinion...
We touched the below already today at 1.4655 level..
And it bounced..
I dont think we would see a fall..
Though patience is the key
  • #3,499
  • Jan 7, 2008 10:59am Jan 7, 2008 10:59am
EUR/USD has made it lows.
And looks like Tuesday will push Higher.

RSI is at Support
Price is in good upward channel
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4.gif Size: 39 KB
  • #3,500
  • Jan 7, 2008 2:05pm Jan 7, 2008 2:05pm
As long as the EURUSD follow the trendline, this pair will evenually break out to the upside .. The resistance in 1.4810 range..

You be the judge!



Trend is your friend....

Charts don't lie...

rgitt05
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4 hrtf.gif Size: 24 KB
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