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  • #4,241
  • Feb 12, 2008 7:39pm Feb 12, 2008 7:39pm
I can't figure it out! I have been long since 4500 but now im tempted to close and go short.....If anything play the range....I have read alot of of so called experts calling for this to revisit 4700....in my experience if the experts say go long that is when you short.....right now im undecided
  • #4,242
  • Feb 12, 2008 9:12pm Feb 12, 2008 9:12pm
Quoting Schminner
I've been asking that question too ....

Look at the bright side, if this pair continues to remain like this, you can just buy low and sell high ...
That is soooo true, I am actually thinking of placing a short order in the event it hits 1.4900 and buy areas near 100 SMA or EMA. As of right now though, I still have my short position held until my SL is hit, (which for the reason we have talked about, we know it will get hit 1.4625).
"Don't work for your money, but let money work for you."
  • #4,243
  • Feb 12, 2008 9:45pm Feb 12, 2008 9:45pm
Quoting chady250
That is soooo true, I am actually thinking of placing a short order in the event it hits 1.4900 and buy areas near 100 SMA or EMA. As of right now though, I still have my short position held until my SL is hit, (which for the reason we have talked about, we know it will get hit 1.4625).


Sorry for interrupting but what if it climbs 1.4900 and you go short but it actually starts its way up and up? But then, guess that's the risk we have to face eh?
  • #4,244
  • Feb 12, 2008 10:05pm Feb 12, 2008 10:05pm
Quoting drsam
Sorry for interrupting but what if it climbs 1.4900 and you go short but it actually starts its way up and up? But then, guess that's the risk we have to face eh?
Totally true! Haha well my intuition is telling me to back out of my system now. And to be honest I think I will. I think I will place a long trade at 1.4575 with SL at 1.4495 and PT at 1.4875. Just as an experiment, to see if we bounce above this 100 EMA support level. If it goes back down I lose 80pips if it goes in our favor then we gain 300pips. Lol lets see although....=(...if it works out.
"Don't work for your money, but let money work for you."
  • #4,245
  • Feb 12, 2008 10:15pm Feb 12, 2008 10:15pm
Quoting chady250
Totally true! Haha well my intuition is telling me to back out of my system now. And to be honest I think I will. I think I will place a long trade at 1.4575 with SL at 1.4495 and PT at 1.4875. Just as an experiment, to see if we bounce above this 100 EMA support level. If it goes back down I lose 80pips if it goes in our favor then we gain 300pips. Lol lets see although....=(...if it works out.
No guts, no glory ... go for it ..
  • #4,246
  • Feb 12, 2008 11:47pm Feb 12, 2008 11:47pm
Quoting branco
I prefer to call it an ascending triangle with higher lows forming since 22th December. Made another long entry today based on that.
I saw that oso. so you think it will break up the triangle ?
I am just wondering ???

or can it be a trend reversal ? i wonders. Is Euro too high ?
But seldom we see ascending triangle with trend reversal. usu continuation.

i shall find a best spot to enter long
  • #4,247
  • Feb 13, 2008 2:49am Feb 13, 2008 2:49am
Quoting Schminner
No guts, no glory ... go for it ..
Haha that is soooo true there: Long at 1.4575 SL:1.4495 PT:1.4895 maybe lowering it in the long run.
"Don't work for your money, but let money work for you."
  • #4,248
  • Feb 13, 2008 3:54am Feb 13, 2008 3:54am
Quoting FXblader
I saw that oso. so you think it will break up the triangle ?
I am just wondering ???

or can it be a trend reversal ? i wonders. Is Euro too high ?
But seldom we see ascending triangle with trend reversal. usu continuation.

i shall find a best spot to enter long
Not sure it will break the triangle but I think the odds are very good that we see 1.49 again.
  • #4,249
  • Feb 13, 2008 4:10am Feb 13, 2008 4:10am
It has been two days already that Asian afternoon session saw the downward movement of Eurusd. Made quite a collection of the pips Coming news of USD retail will have the power to shake the ground though. Take as much as you can and enjoyyyyy!
  • #4,250
  • Feb 13, 2008 5:41am Feb 13, 2008 5:41am
Quoting drsam
It has been two days already that Asian afternoon session saw the downward movement of Eurusd. Made quite a collection of the pips Coming news of USD retail will have the power to shake the ground though. Take as much as you can and enjoyyyyy!
LOL
Trainee at UBS Investment Banking
  • #4,251
  • Feb 13, 2008 5:45am Feb 13, 2008 5:45am
My only question is, where is the freaking trend??? These sideways markets are brutal.
  • #4,252
  • Feb 13, 2008 6:32am Feb 13, 2008 6:32am
what next, buy or sell ??? mhmmm.....
  • #4,253
  • Feb 13, 2008 6:49am Feb 13, 2008 6:49am
Quoting tdion
My only question is, where is the freaking trend??? These sideways markets are brutal.
use 1 minute charts.

Lots of trends there. Easy..
Trainee at UBS Investment Banking
  • #4,254
  • Edited 8:07am Feb 13, 2008 7:51am | Edited 8:07am
not too dramatic a response to US retail numbers. They came out better than expected - what happen to the 60 billion in gift cards for January sales?

Still holding long...this thing is basically flat for a week. Position is getting a little long in the tooth. Like to see a break to the upside, sooner than later.

EDIT: not liking the shape of this chart on longer time frames. H4 needs 1.4540 to hold...IMO
  • #4,255
  • Feb 13, 2008 8:01am Feb 13, 2008 8:01am
I see EUR/USD to fall further downside.
  • #4,256
  • Feb 13, 2008 8:03am Feb 13, 2008 8:03am
there aint much movement happening.. cause people are adjusting there positions.
It was a Suprise to those who were long. Now expect a Big fall..
  • #4,257
  • Feb 13, 2008 9:50am Feb 13, 2008 9:50am
Quoting branco
Not sure it will break the triangle but I think the odds are very good that we see 1.49 again.

else where USD had been stronger , against CHF, JPY ... i reserve my view on whetehr it can go up to 1.49 again.

It is hard to guess where it is going now. guess can only buy support sell resistant. But my usual instinct on the pattern of triangle tell me short this triangle. lots of pips to make anyway, up or down.

wish you luck
  • #4,258
  • Feb 13, 2008 10:18am Feb 13, 2008 10:18am
expecting this pair to drop.

but atempts for eu to rally can be expected. as if euro bulls lose the 1.4480 area. they are in trouble.
  • #4,259
  • Feb 13, 2008 10:18am Feb 13, 2008 10:18am
This Pair is beginning for a Nice Sell very soon..
Dollar strength is seen.
However Technically EUR/USD is bearish.. We never know if any ECB member just pops in with something, or anything fundamental comes.

BUt technically this pair is bearish
  • #4,260
  • Feb 13, 2008 10:52am Feb 13, 2008 10:52am
Quoting jacobtrader
This Pair is beginning for a Nice Sell very soon..
Dollar strength is seen.
However Technically EUR/USD is bearish.. We never know if any ECB member just pops in with something, or anything fundamental comes.

BUt technically this pair is bearish
True you have a point their, according to technicals it is bearish, but don't you think by the looks of the past couple of months it will go up back around 1.49ish it has tested the support area of 100EMA twice, and this being the third time. It seems like it may go back up. Do you think this will be an important factor???
"Don't work for your money, but let money work for you."
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