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EURUSD

  • #6,881
  • Apr 21, 2008 10:19am Apr 21, 2008 10:19am
i went short at EURUSD on TF15M
  • #6,882
  • Apr 21, 2008 10:28am Apr 21, 2008 10:28am
Quoting Ultraman
i went short at EURUSD on TF15M
Good call..
I will continue to buy on dips
"Building Wealth By Confidence, Consistency, & Compounding"
  • #6,883
  • Apr 21, 2008 10:33am Apr 21, 2008 10:33am
Quoting anne_81
Good call..
I will continue to buy on dips
good for you, i will follow with u,
but how far it be down?
i wanna good entry long on EURUSD,
but, question where should we buy on dips?
  • #6,884
  • Apr 21, 2008 10:38am Apr 21, 2008 10:38am
EUR/USD is poising itself for what in my eyes appears to be a wide consolidating range. I expect in the near future for it to remain within 1.5950 and 1.5700.

It is uncertain whether this pair will go up or down beyond today. Existing Home Sales come out tomorrow in the US, and it is hard to determine whether cheaper housing prices will spur home sales or whether the state of the US economy is bad enough where people just won't buy houses because it is not economically unreasonable. We'll just have to see tomorrow.
  • #6,885
  • Apr 21, 2008 10:43am Apr 21, 2008 10:43am
Quoting Ultraman
i went short at EURUSD on TF15M
maybe i will set my TP at daily pivot point,
SL at +5pips
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  • #6,886
  • Apr 21, 2008 10:50am Apr 21, 2008 10:50am
Quoting kharvell
EUR/USD is poising itself for what in my eyes appears to be a wide consolidating range. I expect in the near future for it to remain within 1.5950 and 1.5700.

It is uncertain whether this pair will go up or down beyond today. Existing Home Sales come out tomorrow in the US, and it is hard to determine whether cheaper housing prices will spur home sales or whether the state of the US economy is bad enough where people just won't buy houses because it is not economically unreasonable. We'll just have to see tomorrow.
Despite bad home sales tomorrow the E/U will top around 160 -161 in the next few weeks. There will be too much global pressure for anymore downside to the US$$ even though US gov does not seem as concerned because of positive exports. The verbiage from the G-7 meetings did not have much of a desired impact other than to prolong the inevitable. I will be scaling in shorts from 160.
  • #6,887
  • Apr 21, 2008 12:18pm Apr 21, 2008 12:18pm
Is it still safe to stay in short
  • #6,888
  • Apr 21, 2008 12:57pm Apr 21, 2008 12:57pm
With this range at the moment - I think it's safe to stay out - unless of course, you are already in either long or short.

SeerEye
Pip what you see; See what you pip!
  • #6,889
  • Apr 21, 2008 12:57pm Apr 21, 2008 12:57pm
Quoting Clouds
Is it still safe to stay in short
Hi Clouds, Welcome to Forex Factory.

This is a loaded question because there is not enough information.

If you got in short above 1.592x, I might consider rethinking the staying short and take the money.

If you are thinking about getting in to a short, I would really look at long, mid and short trends, the news as it related to the US, Europe and the rest of the world.

I think long term (the next week or 2?) it will still be an up trend.
Make your decision on what you see.

I am out at the moment, got my SL hit but am +125 pips!
My next entry will most likely be around 1.5850 for a long.

There are a lot of really good and great traders here and a ton of information, but you need to make your own trading decisions as you will be living with the results.

Good luck with your trading.
  • #6,890
  • Apr 21, 2008 1:01pm Apr 21, 2008 1:01pm
Quoting Fx_Genius
Hi Clouds, Welcome to Forex Factory.

This is a loaded question because there is not enough information.

If you got in short above 1.592x, I might consider rethinking the staying short and take the money.

If you are thinking about getting in to a short, I would really look at long, mid and short trends, the news as it related to the US, Europe and the rest of the world.

I think long term (the next week or 2?) it will still be an up trend.
Make your decision on what you see.

I am out at the moment, got my SL hit but am +125 pips!
My next entry will most likely be around 1.5850 for a long.

There are a lot of really good and great traders here and a ton of information, but you need to make your own trading decisions as you will be living with the results.

Good luck with your trading.
Thanks. I got in at 5920 or so. My stop is at break even. I may consider just getting out, cause it's so slow. It looks like it might not drop anymore. Yes I like this forum and great traders here, I've been reading it lately, and just got activated.
  • #6,891
  • Apr 21, 2008 1:12pm Apr 21, 2008 1:12pm
it stoped on 23.6 fibo and suport line. I think it retest 1.5945 level
  • #6,892
  • Apr 21, 2008 1:23pm Apr 21, 2008 1:23pm
or maybe it even go up to 1.5975
  • #6,893
  • Apr 21, 2008 9:12pm Apr 21, 2008 9:12pm
Quoting czesio
or maybe it even go up to 1.5975
i went long on EURUSD at 1.5907
  • #6,894
  • Apr 21, 2008 10:58pm Apr 21, 2008 10:58pm
Pair is at the top of a 4 Hr triangle with a nice hammer forming, we will see what it looks like in 1 Hr when the candle closes. I would keep stops close on any longs here. I will be shorting this soon.
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  • #6,895
  • Apr 22, 2008 12:56am Apr 22, 2008 12:56am
Technically it "might" be trying to head down to the daily R1 at 5820 which is the same number as the weekly pivot, just my opinion. Anyways what happen to David, he hasn't post for awhile.
  • #6,896
  • Apr 22, 2008 1:05am Apr 22, 2008 1:05am
EUR/USD (1.5869)
European & US sessions forecast levels: 1.5815/1.5985
Trend Sessions: European: Neutral/Upward
US: Neutral/Upward
Market Focus: 10:00 AM Existing Home Sales.
Daily Strategy: The dollar continues to trade close to the record level against the euro. Ay negative news for the US economy will push the euro to set new record against the dollar as break above the psychological levels of 1.60. The trading strategy is opening long positions, as buy on dips. The problems for USA banks will deeper for couple of months the most important news will be how deep is the recession and how much are the losses of the biggest USA banks. If the dollar falls above 1.60 against the euro we can see levels of 1.62-1.63 within a week time.

i'm added my long at 1.5855, should be exactly entry
  • #6,897
  • Apr 22, 2008 1:06am Apr 22, 2008 1:06am
May be the support people are looking for to go long. It hit pretty hard and jumped back up. may test again; but, that may be it for now.

just my 2 cents -

SeerEye
Pip what you see; See what you pip!
  • #6,898
  • Apr 22, 2008 1:21am Apr 22, 2008 1:21am
EUR/USD is acting funny these days..
Up and down in a second..
We'll just have to see tonight's big news on US housing to determine the next move..
FYI, EU is trading slightly below its daily pivot, if it penetrates and close well above the pivot, i think will be bullish for the rest of the day..
my 2 cents..
"Building Wealth By Confidence, Consistency, & Compounding"
  • #6,899
  • Apr 22, 2008 1:24am Apr 22, 2008 1:24am
Quoting anne_81
EUR/USD is acting funny these days..
Up and down in a second..
We'll just have to see tonight's big news on US housing to determine the next move..
FYI, EU is trading slightly below its daily pivot, if it penetrates and close well above the pivot, i think will be bullish for the rest of the day..
my 2 cents..
Could you please tell me what price is that daily pivot?
Expected the unexpected
  • #6,900
  • Apr 22, 2008 1:33am Apr 22, 2008 1:33am
Quoting scyang
Could you please tell me what price is that daily pivot?
1.5883 - daily pivot point
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