Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

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

I don't think holidays have anything to do with it. Its just taking a while for the results of the rate cut to push through what was bullish momentum. Bulls keep trying to buy dips. Its obvious because of how it chopped its way to the weekly pivot. Then break out traders and long s/l getting hit, took it through the pivot, but now has reached more bulls buying on the extended dip.

If the bulls stop buying dips or slack off then we could see further euro$ decline.
A weekly close below weekly pivot is confirmation of further correction.
ya, but the bulls dont want to give up...
its just money
Quoting de123
ya, but the bulls dont want to give up...
there we go up again...
I believe . . .
Quoting malcolmb14
I think inlfation is a concern.

30 year T bonds went up 1 point today .. .that is alot.

I think that smart money is monving into T bonds as this will be the biggest money maker in years to come, hence gold went down as money was moved form gold to T bonds.
I also think that the Europeans were getting extremely nervous about 1.60 and even though no one would talk about it, there might have been some significant CB dollar-buying going on.

At these levels I'd think that most of the bulls that held longs in the upper 50's are stopped out.

Gold and oil are both in a bubble - if that starts loosing luster, that would be dollar-positive.

Euro-zone decoupling still looks like an unanswered issue - is it real or is it a mirage? It looks like it's real - so far.
Quoting ghous
there we go up again...
The up you speak of is't showing on my charts. Must be different forex then the one I am trading.



But we have a daily close below weekly pivot. I expect it to come back and retest pivot either to pull back above, or to establish resistance. If it don't happen this week, it will return to weekly pivot next week.
Once resistance is established good point for short. If it pulls back above and weekly close above, then good place for new longs.
Since the market is on holliday and still open, lets see if we can catch the wave of a stop hunt. Thin market maybe some one with deep pockets will start pushing in a direction.
Quoting mry2001
Eu is going back to 1.46 for good.
It looks like the dollar is finally making a comeback, after all of the abuse by the EUR ...
Quoting xxDavidxSxx
Since the market is on holliday and still open, lets see if we can catch the wave of a stop hunt. Thin market maybe some one with deep pockets will start pushing in a direction.
Do you think the market will continue down during Asian session? What is the Daily pivot?
Quoting slappy
Do you think the market will continue down during Asian session? What is the Daily pivot?
1.5491 daily pivot
Hello David,
Can u post your chart?
Is this a good time to short ???
I was short from 5450 and just closed... going to sleep, but wouldn't be surprised if it continued downward. However, it is temporarily supported at the same resistance levels of 03/07 - 11. Who knows if it will bounce back or push thru...
Quoting PhorPhunn
I was short from 5450 and just closed... going to sleep, but wouldn't be surprised if it continued downward. However, it is temporarily supported at the same resistance levels of 03/07 - 11. Who knows if it will bounce back or push thru...
yea, who knows.

not that I know anything regarding the future of this pair, but I'm thinking 1.53-ish might see some bona fide resistance. anyone else concur? disagree? let's predict the future, shall we?
Quoting Schminner
Is this a good time to short ???
the trend says yes, but then again it's been going a while. right now you're kinda flipping a coin if you want to enter a trade.

also, friday is never a good time to enter a trade because volume is down (unless you're going just at the right time before the props are closing out positions, in which case you have a volume-spike - somehow I have the impression, though, that you're not too interested in those details...yet)
Quoting xxDavidxSxx
Since the market is on holliday and still open, lets see if we can catch the wave of a stop hunt. Thin market maybe some one with deep pockets will start pushing in a direction.
I've always wanted to do that. how many lots do you trade in this scenario? In thin market I'm afraid my position gets noticed, causing upheaval.
Quoting digitil
I've always wanted to do that. how many lots do you trade in this scenario? In thin market I'm afraid my position gets noticed, causing upheaval.
I keep it 1/4 what I do in normal markets.

I'm watching eur/jpy and eur/aud for activity
Quoting firebolt
Hello David,
Can u post your chart?
Heres what I'm watching right now.

Trading off the pivot

http://img177.imageshack.us/img177/7...pmarketut6.gif
Surprisingly, volumes are at a decent level today, and price action has been up 50 and down 50 in the last 5 hours or so... I might stick around for a little bit today just to see if I can snag an easy 5-10. Anyone else?
Quoting PhorPhunn
Surprisingly, volumes are at a decent level today, and price action has been up 50 and down 50 in the last 5 hours or so... I might stick around for a little bit today just to see if I can snag an easy 5-10. Anyone else?

5-10?


I snagged 90 on eur/jpy and aud/jpy combined last night.

edit: and 20 on the above eur/aud trade(almost forgot that one)

I am going out to enjoy the beautiful day.

HAPPY GOOD FRIDAY
Quoting xxDavidxSxx
5-10?


I snagged 90 on eur/jpy and aud/jpy combined last night.

edit: and 20 on the above eur/aud trade(almost forgot that one)

I am going out to enjoy the beautiful day.

HAPPY GOOD FRIDAY
Very Nice! However, I risk my entire account for every trade I make, that way 5-10 pips = 5-10%. K+ on your nice trades, though.
34 traders viewing now, 1 is a member: