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EURUSD

  • #7,841
  • Apr 29, 2008 6:59am Apr 29, 2008 6:59am
Quoting Ultraman
de123 why are u so confident that EURUSD will going up soon..
can u share with me
i'm still holding my long post
maybe no luck i think
well i get rid 50%, then i reenter again all in,...why am i so confident....hm,...no particular reason, i just feel better if i say, LONG EURO LONG and i hold longs at the same time,...and i have my SL to 15542, yeap,...thats 30 pips,...see, if it is hit i Loose30 pips...ok...if u wona know my teory here it goes,...

15666 is a strong pivot level,...below this pivot i see a strong buy signal,...+ 15 & 30 minut chart aiming to retest the 1560s level,...we have already made an extreme level which indicates the trend is short term about to reverse,..we have tested that level one more time thats the 1555 level, we are talking about, and i guess we didnt make new low,..what is that, higher lows on smaller time frames...thats a bull,..if the low hold,...anyway i think 15666 will act as a magnet for some time, untill all the traders dump their shorts at 15677-15682...and hopefully our tps will be hit ..but i am slowly loosing my confidence and will loose it all if 550 goes,...
its just money
  • #7,842
  • Edited 7:03am Apr 29, 2008 7:02am | Edited 7:03am
If I'm Ultraman,

I move my stops to 1.5495. Hopefully I can afford to lose because it's pretty likely at this point, but definitely will hold on and wait until news coming up later today. If it drops below 1.5500 I was wrong, and move on to the next trade. There's still a chance though.
  • #7,843
  • Apr 29, 2008 7:33am Apr 29, 2008 7:33am
Quoting kharvell
If I'm Ultraman,

I move my stops to 1.5495. Hopefully I can afford to lose because it's pretty likely at this point, but definitely will hold on and wait until news coming up later today. If it drops below 1.5500 I was wrong, and move on to the next trade. There's still a chance though.
dude i accpet my loss for today,
enough for today,
cut loss at -USD1470
it's my fault i thought i'm was buy on dip but it's goes down and swap my money
  • #7,844
  • Apr 29, 2008 7:42am Apr 29, 2008 7:42am
Quoting Ultraman
dude i accpet my loss for today,
enough for today,
cut loss at -USD1470
it's my fault i thought i'm was buy on dip but it's goes down and swap my money
it's all good man. Get em next time! At least you know where you went wrong. Sometimes I don't even get that.
  • #7,845
  • Apr 29, 2008 7:50am Apr 29, 2008 7:50am
Quoting Ultraman
dude i accpet my loss for today,
enough for today,
cut loss at -USD1470
it's my fault i thought i'm was buy on dip but it's goes down and swap my money
Today this pair has been ranging in a narrow 40pip channel for about 3 or 4 hours and has rested at a strong support level.

On a bigger timeframe, it's been ranging in a 140pip channel since last Friday and you went long at the top of that channel.

I might have hung in for a little while longer and placed a stop just below the support level. With possible bad news for USD, you might have been able to recoup some losses.
  • #7,846
  • Apr 29, 2008 7:53am Apr 29, 2008 7:53am
Being creatures of habit, when something consistently, over time does the same thing over and over, we lull ourselves into thinking it will 'always' do that. This is a very, very dangerous mindset to fall into in this endeavor. I have found myself struggling to 'see' what the euro is doing "now" - not what it has always done - ie go up, up and away. Or, I also struggle not to 'see' what I want to 'see' or what I expect to 'see' in the near future. All very dangerous mindsets.

My 2 cents - oh and btw - as I tell my children: "do as I say; not as I do"

SeerEye
Pip what you see; See what you pip!
  • #7,847
  • Apr 29, 2008 7:56am Apr 29, 2008 7:56am
2008.04.29 13:55:16 Redbook: US Retail Sales First 3 Weeks April -1.5% Vs March
  • #7,848
  • Apr 29, 2008 8:03am Apr 29, 2008 8:03am
Quoting SeerEye
Being creatures of habit, when something consistently, over time does the same thing over and over, we lull ourselves into thinking it will 'always' do that. This is a very, very dangerous mindset to fall into in this endeavor. I have found myself struggling to 'see' what the euro is doing "now" - not what it has always done - ie go up, up and away. Or, I also struggle not to 'see' what I want to 'see' or what I expect to 'see' in the near future. All very dangerous mindsets.

My 2 cents - oh and btw - as I tell my children: "do as I say; not as I do"

SeerEye
exactly wat ive been thinking

everybodys saying euro this euro that and euro will keep going north.
were to?
1 euro = 100 $

it is unreal eurozone is entering trouble with countries like spain ireland scotland and england experiencing difficulties in the housing market plus we saw german CPI numbers showed no inflation what so ever.

so wat reason is there for higher euro
could it be weaker dollar, well FED will not be cuuting rates like it used if any. plus they have turned there eyes towards inflation with oil hovering over 115$ a barrel.

anyway im with u on the boat but i couldnt have been able to say like u did.
all the best.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #7,849
  • Apr 29, 2008 8:05am Apr 29, 2008 8:05am
Well, HPI came out worse than expected and the market doesn't seem to care.
Expected the unexpected
  • #7,850
  • Apr 29, 2008 8:06am Apr 29, 2008 8:06am
2008.04.29 14:00:13 S&P/Case-Shiller Feb 10-City Home Price Index -13.6% On Yr
2008.04.29 14:01:26 S&P/Case-Shiller Feb 20-City Home Price Index -12.7% On Yr

The news are kind of not positive for the USD zone but it has no effect on EUR???

Everybody is waiting for the rates statement from FED.
  • #7,851
  • Apr 29, 2008 8:09am Apr 29, 2008 8:09am
Quoting LeoBond
2008.04.29 14:00:13 S&P/Case-Shiller Feb 10-City Home Price Index -13.6% On Yr
2008.04.29 14:01:26 S&P/Case-Shiller Feb 20-City Home Price Index -12.7% On Yr

The news are kind of not posistive for the USD zone but it has no effect on EUR???

Everybody is waiting for the rates statement from FED.
Maybe the market is taking a bit of time to digest it or it's waiting for the consumer confidence report in 1 hr.
Expected the unexpected
  • #7,852
  • Apr 29, 2008 8:11am Apr 29, 2008 8:11am
Quoting SeerEye
Being creatures of habit, when something consistently, over time does the same thing over and over, we lull ourselves into thinking it will 'always' do that. This is a very, very dangerous mindset to fall into in this endeavor. I have found myself struggling to 'see' what the euro is doing "now" - not what it has always done - ie go up, up and away. Or, I also struggle not to 'see' what I want to 'see' or what I expect to 'see' in the near future. All very dangerous mindsets.

My 2 cents - oh and btw - as I tell my children: "do as I say; not as I do"

SeerEye
Been there, done that.
What has worked for me recently when I realllllly want to trade (Because I KNOW it will turn) I put a long in my demo account, look at it later and go, I'm glad it wasn't a real trade! Have been out since SL @ 1.58 and still waiting for a clear sign to re-enter.
  • #7,853
  • Apr 29, 2008 8:36am Apr 29, 2008 8:36am
All the big boys of FX know something we don't.
I say this cos present Euro-USD bearish momentum is unnatural.

The big players are letting the Euro drift and biding their time before they ramp up the Euro again.

Tomorrow is key. The FOMC and what they say about Fed's intentions on rates.

So wait for clearer picture after that.

Meanwhile even sniping is risky cos of sudden drops.

Also keep an eye on gold.

Gold rallies. Euro will follow.
pips r jumpin n the euro is high..
  • #7,854
  • Apr 29, 2008 8:45am Apr 29, 2008 8:45am
Tis gon!
  • #7,855
  • Apr 29, 2008 8:48am Apr 29, 2008 8:48am
It's acting as if it's turning upward. What do you think?
Expected the unexpected
  • #7,856
  • Apr 29, 2008 8:49am Apr 29, 2008 8:49am
looks perfect to jump in for a while...
  • #7,857
  • Apr 29, 2008 8:56am Apr 29, 2008 8:56am
Going to long e/u in 4mins more for 20pips

SL 40pips

Cheers!
  • #7,858
  • Apr 29, 2008 8:57am Apr 29, 2008 8:57am
Quoting scyang
It's acting as if it's turning upward. What do you think?
Maybe it will reach 1.57
what we see depends mainly on what we look for...
  • #7,859
  • Apr 29, 2008 9:02am Apr 29, 2008 9:02am
see...it went up,...like we want it to go...believe in yourself, and have some...confidence in euro...
its just money
  • #7,860
  • Apr 29, 2008 9:09am Apr 29, 2008 9:09am
Quoting de123
see...it went up,...like we want it to go...believe in yourself, and have some...confidence in euro...
You got so much confidence in euro and yourself that amazes me.....you never shared with us your source of confidence!
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