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EURUSD

  • #8,201
  • May 1, 2008 9:07pm May 1, 2008 9:07pm
This pair is full of surprises, it might go back up or not... that is the question...
  • #8,202
  • May 1, 2008 9:13pm May 1, 2008 9:13pm
Quoting FxApasionado
This pair is full of surprises, it might go back up or not... that is the question...
same 2 me LOL,
next week market will be fine
  • #8,203
  • May 1, 2008 9:20pm May 1, 2008 9:20pm
Quoting itechdev
Take a look at the Stochastic on a EUR/USD monthly chart, it's been overbought for almost 2 years!
The way I look at it EUR hasn't been overbought - rather USD has been overprinted...
"Luxury is one of the basic needs", (c), Don Corleone
  • #8,204
  • May 1, 2008 9:23pm May 1, 2008 9:23pm
Quoting FxApasionado
This pair is full of surprises, it might go back up or not... that is the question...
same 2 me LOL,
next week market will be fine
  • #8,205
  • May 1, 2008 9:32pm May 1, 2008 9:32pm
Quoting FxApasionado
This pair is full of surprises, it might go back up or not... that is the question...


to my does not it interest me toward where goes.for me the only interests me the high and the low of the week.
  • #8,206
  • May 1, 2008 9:37pm May 1, 2008 9:37pm
Could see a run up to 1.56 area before a run back down. Break below 1.5390-1.5380 would obviously cancel this.
Attached Image (click to enlarge)
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  • #8,207
  • May 1, 2008 10:01pm May 1, 2008 10:01pm
Quoting amed12
to my does not it interest me toward where goes.for me the only interests me the high and the low of the week.

interesting!!!
  • #8,208
  • May 1, 2008 10:10pm May 1, 2008 10:10pm
what do you think bull or bear.......?
I see EU climbing up.....
what do you see.........
big news today......
  • #8,209
  • May 1, 2008 10:13pm May 1, 2008 10:13pm
Quoting itechdev
Could see a run up to 1.56 area before a run back down. Break below 1.5390-1.5380 would obviously cancel this.
Well... good support at 1.5450 for some long to 1.5600, en Europe sesion... but I think that we´ll see more bears going on this friday opening USA Sesion.
  • #8,210
  • May 1, 2008 10:14pm May 1, 2008 10:14pm
Quoting B@by trader
what do you think bull or bear.......?
I see EU climbing up.....
what do you see.........
big news today......
gonna long if eu break 1.5490.....
  • #8,211
  • May 1, 2008 10:23pm May 1, 2008 10:23pm
Here's the MNI (Market News Internatinoal) Euro Dollar Techs at the moment -
MNI EURO-DOLLAR TECHS: Focus Remains Lower
RES 4: $1.5745/90 21-day mvg avg 50.0% retracement of $1.6020-$1.5555
RES 3: $1.5706 High 25 April
RES 2: $1.5628/45 Hourly high & Hourly channel top from 25 Apr
RES 1: $1.5540 Hourly high
CURRENT LEVEL: $1.5462
SUP 1: $1.5432 Low 1 May
SUP 2: $1.5389 38.2% retracement of advance from $1.4369
SUP 3: $1.5373 2% moving average envelope
SUP 4: $1.5344 Recovery low 24 March
COMMENTARY: Risks remain skewed lower and the latest break favours a
test of the $1.5344 low ahead of potential deeper losses towards $1.51.

As always this information is for your perusal and also for entertainment purposes only. hee, hee -

Happy Pippin' people - let's go to work and make some money -

SeerEye
Pip what you see; See what you pip!
  • #8,212
  • May 1, 2008 10:24pm May 1, 2008 10:24pm
Quoting B@by trader
gonna long if eu break 1.5490.....
In fact, stochastic show oversold and is moving up.
  • #8,213
  • May 1, 2008 10:44pm May 1, 2008 10:44pm
Quoting Alexis
In fact, stochastic show oversold and is moving up.
GOOD LUCK TO EVERY BODY... I HAVE TO GET SOME REST...
MAYBE I´LL GET IN AGAIN AT 10:30 GMT, WHEN THINGS BE INTERESTING.
  • #8,214
  • May 1, 2008 10:44pm May 1, 2008 10:44pm
Quoting Alexis
In fact, stochastic show oversold and is moving up.
Been having a hell of a time sustaining anything over 5480 -

just a thought for people -

SeerEye
Pip what you see; See what you pip!
  • #8,215
  • May 1, 2008 11:22pm May 1, 2008 11:22pm
hey gang new guy here,

strong sell off before news anouncement,

obviously they knew the numbers before they came out.

WTF!!! thats BS.
  • #8,216
  • May 1, 2008 11:25pm May 1, 2008 11:25pm
Quoting Ultraman
same 2 me LOL,
next week market will be fine

If not next week, then the week after,,, or not
  • #8,217
  • May 1, 2008 11:27pm May 1, 2008 11:27pm
I've noticed this happening quite often, and given the level of corruption and abuse within the EU gravy train it wouldn't surprise me at all if there were leaks before time. When I see a move like that 2 mins prior to release I'm sometimes tempted to trade it, will be watching closely in future!

Quoting ls718
hey gang new guy here,

strong sell off before news anouncement,

obviously they knew the numbers before they came out.

WTF!!! thats BS.
  • #8,218
  • May 1, 2008 11:28pm May 1, 2008 11:28pm
Yeah, stochastic's always oversold in a downtrend, means nothing..

Might be waiting for NFP to fall, what's the updated forecast on those - anybody watching for this ? Does the forecast of the same weak -80K
figure as last time sound too pessimistic maybe ?
On the path to Enrichment.
  • #8,219
  • May 1, 2008 11:40pm May 1, 2008 11:40pm
Quoting ls718
hey gang new guy here,

strong sell off before news anouncement,

obviously they knew the numbers before they came out.

WTF!!! thats BS.
Not neccessarily, quite often before news of some importance with a clear bias in the forecast you will see a small move in the opposite direction starting a few minutes (ussualy 3) and ending about 1 minute before the release (I tried a system of entering 3 minutes and exiting 1 minute before important news with clear bias, got inconclusive results of how it works out so far, if the this move starts earlier than those 3 minutes it's better to stay out and you abviously need a tiny spread). Now here we had a rather thin market I'd think, and the forecast was clearly bullish so I'd think that 12 pips is normal in this case. After all, if someone really wanted to trade the news themselves as he knew them - he'd do it during the last minute and not the 1-3 minutes range before that, market was getting ready to reverse and then got surprised by the bear. That's my take on it at least.
On the path to Enrichment.
  • #8,220
  • May 1, 2008 11:42pm May 1, 2008 11:42pm
News:
EUR/USD (1.5470)
European & US sessions forecast levels: 1.5365/1.5550
Trend Sessions: European: Neutral
US: Neutral/Downward
Market Focus: 8:30 AM Average Workweek, Hourly Earnings, Non-farm Payrolls, Unemployment Rate, 10:00 AM Factory Orders, 2:00 AM German Retail Sales, 4:00 AM Manufacturing PMI.
Daily Strategy: Positivism from the United States pushes the dollar to make big gains against the Euro. The recovery of the dollar continue, as the break below 1.5515 was signal for continue recovery of the dollar. In the coming days we can see the dollar at the levels of 1.5330. The trading strategy today is to wait for reverse while at the levels above 1.55 to open short positions, after the release of key Job’s reports today.
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