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EURUSD

  • #5,641
  • Mar 19, 2008 6:47am Mar 19, 2008 6:47am
Any ideas as to direction?
  • #5,642
  • Mar 19, 2008 6:58am Mar 19, 2008 6:58am
Well, it's back to the pivot. hanging back and looking for an opening. Let's see what New York has to offer!
  • #5,643
  • Mar 19, 2008 7:02am Mar 19, 2008 7:02am
Now that its found resistance and the triangle is broken down to the bear side, it is looking for further drop. The resistance point tagged the bottom trend line that the price broke down yesterday. And upon tagging the bottom has drawn back. Very typical short set up. I saw it and am up 50 pips combined the 2 pairs. But using caution until if/when the low gets broke. It might just range for a couple days confusing every one. Probably good idea to close profits and re-enter rather than try to hold for more move.
  • #5,644
  • Mar 19, 2008 7:12am Mar 19, 2008 7:12am
Closed positions.

There is trend lines need to be broken before this is going anywhere.
The current bounce is trend line support as well as the decline. Its kinda trapped.
I am going in what ever direction it breaks too. But I am still thinking down.

http://img221.imageshack.us/img221/5...dchangevu2.gif
  • #5,645
  • Mar 19, 2008 7:27am Mar 19, 2008 7:27am
i kinda agree on this statement,...
The market still expects the Fed to cut aggressively,'' he said, adding that the U.S. currency may fall to as low as $1.65 before rebounding later this year.

its the expectation of further cuts that will bring us new highs,..and we are still far far away from THE ONLY TRUE PIVOT NUMBER 1.6666, the devils.
its just money
  • #5,646
  • Mar 19, 2008 7:51am Mar 19, 2008 7:51am
Quoting xxDavidxSxx
Theres some what of a gartly on my indicter. But nothing but a correction turn. A gartly only points to a turn. And it did turn. Don't mean its not going lower though. The green shaded area is still pointed down.
But I only put stock in those patterns on a much larger scale.
http://img254.imageshack.us/img254/7638/gartlykq4.gif
Hello david,

How do you derive the green shaded area?
  • #5,647
  • Mar 19, 2008 8:27am Mar 19, 2008 8:27am
Just riding the dips following the trend, so far it's working out. It's a crap shoot though. It could go either way, but i'm also leaning towards the down side... time will tell...
  • #5,648
  • Mar 19, 2008 8:33am Mar 19, 2008 8:33am
Well folks, we are in a 300 pip range between last weeks relative resistance 1.5620, which has now developed into support, and 1.5900. I daresay the trend will switch to negative once a breach of 1.5620 occurs, but until then I see no reason why the dollar does not continue getting creamed. It's funny that every week, we all sit here, and say OK IT'S FINALLY TIME FOR A CORRECTION. And every week we are wrong. Don't get me wrong though, it's possible.
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  • #5,649
  • Mar 19, 2008 8:43am Mar 19, 2008 8:43am
I do believe i see a shooting star... Could this be the correction we're all looking for! hehe, i doubt it... but it's wishfull thinking all the same.
  • #5,650
  • Mar 19, 2008 8:45am Mar 19, 2008 8:45am
So where do you guys see this pair end up for today? Im in a short at 1.5755, and in a long in Yen/Usd, so Im hoping for a stronger buck
  • #5,651
  • Mar 19, 2008 11:44am Mar 19, 2008 11:44am
does anyone else out there still thinks it will reach 1.6000?....why in hell after a rate cut, it went bearish!?
  • #5,652
  • Mar 19, 2008 11:59am Mar 19, 2008 11:59am
my fibs tell me that it got to 100.0 and is trying to get back up but then again the usd/cad just went up about 200 pips in 2 days hopefully america (my neighbour) just gets blown up or something and we can all make some more money on the euro/usd. we saw the euro make it to 1.5904 and then right back down to 1.5700 in one night, what the hell was that all about?? anyways if my calculations are right we will hit the 1.6000+ maybe even 1.6100 sometimes next week iam all LONG with this bullish trend and just remember euro will hit 1.70 dont forget acording to the bible its they are the ROMAN EMPIRE and if i recall the bible they we the strongest group of people back in the day soo its just a matter of time before its the end of the world once it hits 2.00 then you know take all the money you made out of forex and just go spend it becuase you dont have much longer anyways what would a 18 year old guy like me know haha

HAPPY TRADING AND HAPPY EASTER hope the pip bunny brings you lots of pips i mean eggs hahahaha

ceau
  • #5,653
  • Mar 19, 2008 12:23pm Mar 19, 2008 12:23pm
EURUSD is probably going to test the highs again soon. We've probably bottomed here or are close to doing so, IMO. Of course this view needs to be constantly confirmed by the on-going price action.
  • #5,654
  • Mar 19, 2008 12:32pm Mar 19, 2008 12:32pm
I agree with earlier statements that we will most likely be range trading for the rest of the week. We just have to establish the ranges first, which may go from 5620 - 5900. Just one more prediction for this unpredictable EU...
  • #5,655
  • Mar 19, 2008 12:42pm Mar 19, 2008 12:42pm
Quoting PhorPhunn
I agree with earlier statements that we will most likely be range trading for the rest of the week. We just have to establish the ranges first, which may go from 5620 - 5900. Just one more prediction for this unpredictable EU...

That might turn out to be true about the range, but the EURUSD is the easiest currency to predict, IMO. Its the ability to abandon your prediction, or stay with it, that is the difficult part. The way I see it, the down move has been choppy and apprehensive.
  • #5,656
  • Mar 19, 2008 12:51pm Mar 19, 2008 12:51pm
Quoting emipuscas
hopefully america (my neighbour) just gets blown up or something and we can all make some more money on the euro/usd.

DUDE!

What the heck is this for a first post. I hope no body here will tolerate this kind of statement.

Hey buddy......If you were in America and wrote this statement you would get arrested and tried for terrorism.
  • #5,657
  • Mar 19, 2008 12:55pm Mar 19, 2008 12:55pm
Quoting jayzee
Hello david,

How do you derive the green shaded area?
Andrews pitch fork is plotted too.
  • #5,658
  • Mar 19, 2008 12:58pm Mar 19, 2008 12:58pm
Quoting emipuscas
my fibs tell me that it got to 100.0 and is trying to get back up but then again the usd/cad just went up about 200 pips in 2 days hopefully america (my neighbour) just gets blown up or something and we can all make some more money on the euro/usd. we saw the euro make it to 1.5904 and then right back down to 1.5700 in one night, what the hell was that all about?? anyways if my calculations are right we will hit the 1.6000+ maybe even 1.6100 sometimes next week iam all LONG with this bullish trend and just remember euro will hit 1.70 dont forget acording to the bible its they are the ROMAN EMPIRE and if i recall the bible they we the strongest group of people back in the day soo its just a matter of time before its the end of the world once it hits 2.00 then you know take all the money you made out of forex and just go spend it becuase you dont have much longer anyways what would a 18 year old guy like me know haha

HAPPY TRADING AND HAPPY EASTER hope the pip bunny brings you lots of pips i mean eggs hahahaha

ceau
Practice what you preach. You read the bible and you want your neighbr to get blown up for our own persoanl gain? What kind of evil person are you? What you wish for others will come upon yourself. What goes around comes around.
Humble Lifetime Member
  • #5,659
  • Mar 19, 2008 1:03pm Mar 19, 2008 1:03pm
Quoting emipuscas
anyways what would a 18 year old guy like me know haha



ceau
Not much apparently.
  • #5,660
  • Mar 19, 2008 1:11pm Mar 19, 2008 1:11pm
Originally Posted by emipuscas http://www.forexfactory.com/images/buttons/viewpost.gif
anyways what would a 18 year old guy like me know haha
ceau

This used to be a friendly place to learn how to make/lose money in FX.
The last few posts make me feel like I'm working in a Walmart talking to a co-worker!
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