EURUSD | Page 217 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #4,321
  • Feb 14, 2008 6:42pm Feb 14, 2008 6:42pm
Price approaching S/R pivot zone 14638-661, @ 38.2 Fib retrace (to 14956), 50-61.8 Fib retrace (to 14806).

Chart Pattern
Daily/Weekly - Triple Top
4 hr - Probable Bearish Ascending Channel aka Flag
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4hr.JPG Size: 190 KB
Non illigitamus carborundum Are you ready for Zimbabweimargentina?
  • #4,322
  • Feb 14, 2008 6:55pm Feb 14, 2008 6:55pm
Quoting th_ngue21

My tip for newbies: Just keep your mouth shut and trade like a pro, dont forecast some some price actions, it can kill your ego!
This is great advice, but then if they did that this thread wouldn't exist.

The thing that is hard to accept, is that any analysis you do leads to forecasts. Forecasts = predictions. Predictions will not work on a day to day basis, IMO.
  • #4,323
  • Feb 14, 2008 6:59pm Feb 14, 2008 6:59pm
Right now I'm a buyer at 1.4600. I've attached a chart showing the daily trendline. There are now 4 touches to the trendline. Another thing to also point out, the previous low is higher and the last high was taken out by a few pips.


zoopy
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_daily.gif Size: 12 KB
  • #4,324
  • Feb 14, 2008 7:04pm Feb 14, 2008 7:04pm
My view for this pair is Bullish, ema50 was broken, this rule may tell us that next target will be at least 1.4690/1.47, but we can see a very nasty Bearish tail soon, so beware about longs, if 1.4525 holds tomorrow and Monday, so next major target will be around 1.49 again.

Very tricky this pair for now, I am only scalping on daily basis until we see a very clear trend here.

I have a limit order for next 5 hours long at 1.4617 TP 1.4680 SL 1.4577

Good Luck guys
  • #4,325
  • Feb 15, 2008 5:02am Feb 15, 2008 5:02am
Exactly shorted at 1.4690 and 1.4676..

With tight money management on this order..

Hope things go fine.. trend looks bearish for this Pair as well..

Best of luck to everyone.. Hoping for best to all..
  • #4,326
  • Feb 15, 2008 5:03am Feb 15, 2008 5:03am
Next move maybe will be a nice south move to 1.4654.

I am short at 1.4690 Tp 1.4656
  • #4,327
  • Feb 15, 2008 5:15am Feb 15, 2008 5:15am
I'm still long and will remain long until we hit 1.5000. Not sure why so many are trying to short this pair... looks like it's gathering momentum too, you're just putting yourself in front of a speeding freight train if you ask me. I'm looking to enter again at 1.4700 with a smaller position.
  • #4,328
  • Feb 15, 2008 5:22am Feb 15, 2008 5:22am
Price can go around 1.4710 Today, but then we will see a nice south move.

That's my opinion!

My Short is a small lot, adding more around 1.4710 my TP is around 1.4655.
Put SL at 1.4727!

Yes Zoopy this train can be dangerous, but you're trade is a medium term trade, I trade only on Daily basis.

Good Luck guys!
  • #4,329
  • Feb 15, 2008 5:30am Feb 15, 2008 5:30am
Quoting BoredToLoose
Price can go around 1.4710 Today, but then we will see a nice south move.

That's my opinion!

My Short is a small lot, adding more around 1.4710 my TP is around 1.4655.
Put SL at 1.4727!

Yes Zoopy this train can be dangerous, but you're trade is a medium term trade, I trade only on Daily basis.

Good Luck guys!
Ok wasn't sure. I'll be watching the 1.4700 because it's a round number and if price sails through that without a major aggressive pullback, we'll probably see 1.4800. If any big players have their orders waiting, it's most likely going to be at that round number. Could be wrong too we'll just have to wait and see.
  • #4,330
  • Feb 15, 2008 5:33am Feb 15, 2008 5:33am
Quoting BoredToLoose
Price can go around 1.4710 Today, but then we will see a nice south move.

That's my opinion!

My Short is a small lot, adding more around 1.4710 my TP is around 1.4655.
Put SL at 1.4727!

Yes Zoopy this train can be dangerous, but you're trade is a medium term trade, I trade only on Daily basis.

Good Luck guys!
seem with you
put sell limit at 702 but never touch come on touch
  • #4,331
  • Feb 15, 2008 5:38am Feb 15, 2008 5:38am
Quoting X-CooL
put sell limit at 702 but never touch come on touch
careful what you wish for...
  • #4,332
  • Feb 15, 2008 5:39am Feb 15, 2008 5:39am
Quoting jacobtrader
Exactly shorted at 1.4690 and 1.4676..

With tight money management on this order..

Hope things go fine.. trend looks bearish for this Pair as well..

Best of luck to everyone.. Hoping for best to all..

OK the top has been formed.. i shall await for further confirmation.
But EUR/USD has touched its peak as i note.. Let see.
  • #4,333
  • Feb 15, 2008 5:45am Feb 15, 2008 5:45am
EUROZONE: Reported comments from eurozone officials Friday,
** ECB TRICHET: There were no calls for higher or lower interest rates
at the ECB's last Governing Council meeting a week ago, ECB Trichet
said in Barcelona, repeating remarks he'd made at the press
conference following that meeting and in Tokyo at the recent G7
gathering.
  • #4,334
  • Feb 15, 2008 5:54am Feb 15, 2008 5:54am
Quoting jacobtrader
OK the top has been formed.. i shall await for further confirmation.
But EUR/USD has touched its peak as i note.. Let see.
I am With you guys.. EU has touched Uper trend line of Bullish Channel.
you can se At 1H Pinbar also. We have good cluster also at 4h Chart also.
Indicators are over bought..
It should come back down. Let's see
  • #4,335
  • Feb 15, 2008 6:15am Feb 15, 2008 6:15am
Big Lot for a 2 Pip gain, shorted at 1.4488.

Very Typical move
  • #4,336
  • Feb 15, 2008 6:25am Feb 15, 2008 6:25am
Quoting BoredToLoose
Price can go around 1.4710 Today, but then we will see a nice south move.

That's my opinion!

My Short is a small lot, adding more around 1.4710 my TP is around 1.4655.
Put SL at 1.4727!

Yes Zoopy this train can be dangerous, but you're trade is a medium term trade, I trade only on Daily basis.

Good Luck guys!
Close it or move TP to 1.4670, now it is already to late to wait more south moves! Just precaution to see next moves later in the day!.
  • #4,337
  • Feb 15, 2008 6:30am Feb 15, 2008 6:30am
  • #4,338
  • Feb 15, 2008 6:32am Feb 15, 2008 6:32am
Quoting jacobtrader
OK the top has been formed.. i shall await for further confirmation.
But EUR/USD has touched its peak as i note.. Let see.
  • #4,339
  • Feb 15, 2008 6:41am Feb 15, 2008 6:41am
Price at 1.4670 touched at my RSI line at 54.25.
This is the RSI line "I have no Idea where price goes now"
If you guys do not know I use RSI to Scalp trades! I have around 95% good trades to gain 2/3 Pips with big lots, I always give a 6 Pips SL, it is a very hard work.

I have no open trade now, but my feeling is price will try to go north again, I only open new Trades after next big move!

  • #4,340
  • Feb 15, 2008 6:51am Feb 15, 2008 6:51am
are you guys eating pips in EU.. don't be fat
Keep an eye at TIC news from USD... before news use Breakeven formula.
3,290 traders viewing now