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  • #8,561
  • May 6, 2008 5:44am May 6, 2008 5:44am
Quoting scyang
Do you mean inverted head and shoulder or head and shoulder?
The last small drop was down to shoulder and this move up should be the big one. However, not sure.
  • #8,562
  • May 6, 2008 5:47am May 6, 2008 5:47am
Quoting tamster
Inverted - and head and shoulders on 15m USD/CHF
This should help.
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  • #8,563
  • May 6, 2008 5:50am May 6, 2008 5:50am
Quoting Fx_Genius
This should help.
Thx FX Genius
  • #8,564
  • May 6, 2008 5:50am May 6, 2008 5:50am
Quoting Fx_Genius
This should help.
That does help. Thanks.
Expected the unexpected
  • #8,565
  • May 6, 2008 6:06am May 6, 2008 6:06am
Quoting scyang
That does help. Thanks.
Just need CHF to break support at 457
  • #8,566
  • May 6, 2008 6:19am May 6, 2008 6:19am
Good morning everyone. Still holding short into the North American Equities open. Looking for big move DOWN TODAY

Make that a huge move down. Looking at 1.5135 in coming sessions.
  • #8,567
  • May 6, 2008 6:22am May 6, 2008 6:22am
Quoting tamster
Just need CHF to break support at 457
Swissy directly related to fiber? The price of eurchf has gone down today also.
Expected the unexpected
  • #8,568
  • May 6, 2008 6:27am May 6, 2008 6:27am
Quoting DownRiverTrader
Good morning everyone. Still holding short into the North American Equities open. Looking for big move DOWN TODAY

Hope you're right. I'm still short from yesterday as well. My stop is at 1.5570, and as I suspected, 1.5555 is proving to be a tough cookie. I'm not really sure why this upmove started, but it does not make much sense to me. Maybe this is my gut telling me something.
  • #8,569
  • May 6, 2008 6:34am May 6, 2008 6:34am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
Quoting kharvell
Hope you're right. I'm still short from yesterday as well. My stop is at 1.5570, and as I suspected, 1.5555 is proving to be a tough cookie. I'm not really sure why this upmove started, but it does not make much sense to me. Maybe this is my gut telling me something.
i wish i knew whats happening as well. but oh well i'll just trade off the hourly charts for now, looking to t/p at 1.5580 with a long at 1.5540. anyone else in long as well ?
Start Young. Think Big. Stick to It.
  • #8,570
  • May 6, 2008 6:36am May 6, 2008 6:36am
Exactly Kevin. Alot of dealers been piling in lately. In everyone's mind we are tracking to 1.65. I am not saying they are wrong. The idea is just priced in the market in my opinion. Like I said though, it is hard to hold Euro shorts.

Now you have to worry about the US Equity markets. I hate that. We might as well trade the S&P lately.

I try to use common sense when trading, but it rarely helps!
  • #8,571
  • May 6, 2008 6:44am May 6, 2008 6:44am
Quoting DownRiverTrader
Exactly Kevin. Alot of dealers been piling in lately. In everyone's mind we are tracking to 1.65. I am not saying they are wrong. The idea is just priced in the market in my opinion. Like I said though, it is hard to hold Euro shorts.

Now you have to worry about the US Equity markets. I hate that. We might as well trade the S&P lately.

I try to use common sense when trading, but it rarely helps!
Agreed.

At some point we have to assume there will be a return to equilibrium. 1.6000, in my eyes, is far from that equilibrium. Euro's are just too expensive at that level.

My guess is this level is around 1.5. I think you posted on this # yesterday.
  • #8,572
  • May 6, 2008 6:49am May 6, 2008 6:49am
Quoting BoHan
haha how did u lose 60% ? over-leverage ? anw for me its still pretty ok because i'm sitting on a max 2% risk.
HAHA....i think u miss understand what i mean,i mention that,i already cover my loss almost 60%,only 40% i need to cover the losses..i have no worry about thatthat time i'm using 70% margin BUY on EURUSD last weeki thought it will moving up to 1.6 but it goes down until 1.53
  • #8,573
  • May 6, 2008 6:52am May 6, 2008 6:52am
Quoting kharvell
Agreed.

At some point we have to assume there will be a return to equilibrium. 1.6000, in my eyes, is far from that equilibrium. Euro's are just too expensive at that level.

My guess is this level is around 1.5. I think you posted on this # yesterday.
I agree that euro is way too expensive, overbought by a long shot. However the market is not reasonable. Hasn't been and never will be. It's driven by human emotion and fear. It's why things have been so volatile. It over-correct again and again, which in a way, provides us traders the opportunity to make money or the traps to love a ton. At this point, I think with euro stuck above 1.5555 for a while now, we have no choice but to surrender to the fact that euro is on the way up again. How far, I have no idea. Let those experienced speak their minds.
Expected the unexpected
  • #8,574
  • May 6, 2008 6:53am May 6, 2008 6:53am
Quoting kharvell
Hope you're right. I'm still short from yesterday as well. My stop is at 1.5570, and as I suspected, 1.5555 is proving to be a tough cookie. I'm not really sure why this upmove started, but it does not make much sense to me. Maybe this is my gut telling me something.
None sense to me either
Anyone can explain why this upmove?
Mt trade hit SL again Usd/jpy sink
  • #8,575
  • May 6, 2008 6:55am May 6, 2008 6:55am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
Quoting Ultraman
HAHA....i think u miss understand what i mean,i mention that,i already cover my loss almost 60%,only 40% i need to cover the losses..i have no worry about thatthat time i'm using 70% margin BUY on EURUSD last weeki thought it will moving up to 1.6 but it goes down until 1.53
oo haha but oh well i'm in long now still haha . will see how things go, gotta be more active instead of being so laid back haha. btw from singapore here, nice to meet someone next door like you from malaysia. lol.
Start Young. Think Big. Stick to It.
  • #8,576
  • May 6, 2008 6:57am May 6, 2008 6:57am
Quoting Jurrasic
Margin called ? What kind of mm are you using man ? Can't get far if you risk that much no matter how good you are I think, unless you withdraw regular and don't care to loose the account much.. My rules are 1% max risk per small trades, and up to 2.4% for larger mid-term moves like EU now.
70% margin i was use last week
but it's ok dude..i already cover my loss almost 60%,
last week over confident LOL

PS: how about ur short dude
  • #8,577
  • May 6, 2008 6:58am May 6, 2008 6:58am
Given that the E$ does have some history in repeating trends and ranging, I think we are on our way up, maybe 1.59?

http://www.forexfactory.com/attachme...9&d=1209943242

3rd run up?

http://www.forexfactory.com/attachme...8&d=1210036422

Currently long from 1.5500.

Quote
Originally Posted by kharvell http://www.forexfactory.com/images/buttons/viewpost.gif
Agreed.

At some point we have to assume there will be a return to equilibrium. 1.6000, in my eyes, is far from that equilibrium. Euro's are just too expensive at that level.

My guess is this level is around 1.5. I think you posted on this # yesterday.

I agree with the over valued E$ but oil over $121, copper almost $4/lb and Fannie May reported a lost of 2.19 billion!
  • #8,578
  • May 6, 2008 7:01am May 6, 2008 7:01am
Quoting BoHan
oo haha but oh well i'm in long now still haha . will see how things go, gotta be more active instead of being so laid back haha. btw from singapore here, nice to meet someone next door like you from malaysia. lol.
nice to meet u dude
i thought u short with jurassic
but since u went long just look at diz price 1.5585
  • #8,579
  • May 6, 2008 7:06am May 6, 2008 7:06am
Quoting kharvell
Hope you're right. I'm still short from yesterday as well. My stop is at 1.5570, and as I suspected, 1.5555 is proving to be a tough cookie. I'm not really sure why this upmove started, but it does not make much sense to me. Maybe this is my gut telling me something.


"The market can remain irrational longer than you can remain solvent.”
John Maynard Keynes
  • #8,580
  • May 6, 2008 7:08am May 6, 2008 7:08am
Quoting Ultraman
nice to meet u dude
i thought u short with jurassic
but since u went long just look at diz price 1.5585
strong BUY LOL,
i think ur BUY in safe rite now
just placed ur SL

Happy trading,
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