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EURUSD

  • #8,841
  • May 8, 2008 3:21am May 8, 2008 3:21am
Quoting Malaysia
H1 CS closed above SBR line... closed all SHORTS manually
Time to switch gear and go long?
Expected the unexpected
  • #8,842
  • May 8, 2008 3:36am May 8, 2008 3:36am
Quoting scyang
Time to switch gear and go long?
Very risky trading before ECB interest rate decision today and, even more important, Trichet speech at 1.30 UK time.
  • #8,843
  • May 8, 2008 3:38am May 8, 2008 3:38am
Quoting tamster
Very risky trading before ECB interest rate decision today and, even more important, Trichet speech at 1.30 UK time.
Yes very well aware of that. Tricky business.
Expected the unexpected
  • #8,844
  • May 8, 2008 3:46am May 8, 2008 3:46am
Quoting Donyouth4eva
Thank god everyone still has faith that it will go down and its not just me. Currently -50 since i entered trade at 1.5283 and expected it to drop 100 pips.
Nothing like going short at the very bottom

I'm long at 5300 and am thinking that Trichet will talk the euro up today and hope the market isn't completely numb to his rhetoric by now.
  • #8,845
  • May 8, 2008 3:47am May 8, 2008 3:47am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
lol looks like i'm still the only "warrior" holding on to shorts. but ohwell, i set my s/l there for a reason because i'm willing to lose that amount right from the start. haha. anw i think its also because traders like "Malaysia" are actually trading far bigger lots than me thats why it's crucial for them to ensure minimum losses yea?
Start Young. Think Big. Stick to It.
  • #8,846
  • May 8, 2008 3:54am May 8, 2008 3:54am
Looks like price is at a decision point of either breaking 535 and going up for a while or boundcing back down. Should be a good trade to take the break up or down..
On the path to Enrichment.
  • #8,847
  • May 8, 2008 3:55am May 8, 2008 3:55am
Quoting BoHan
lol looks like i'm still the only "warrior" holding on to shorts. but ohwell, i set my s/l there for a reason because i'm willing to lose that amount right from the start. haha. anw i think its also because traders like "Malaysia" are actually trading far bigger lots than me thats why it's crucial for them to ensure minimum losses yea?
I'm holding onto shorts, til 475-48 area.. (Unless there's a big retracement from 1.5 which would be a good opportunity to short again..)
On the path to Enrichment.
  • #8,848
  • May 8, 2008 4:02am May 8, 2008 4:02am
In short, hopefully 305 against 353
On the path to Enrichment.
  • #8,849
  • May 8, 2008 4:06am May 8, 2008 4:06am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
Quoting Jurrasic
In short, hopefully 305 against 353
Yes same here, but I'm looking at 345 posing more of a resistance than any other price, even though prices broke thru a few moments, but still it got pulled back within no time. for me, the t/p objective is at 185 though, lol. from there then I'll see how things go.
Start Young. Think Big. Stick to It.
  • #8,850
  • May 8, 2008 4:14am May 8, 2008 4:14am
Quoting Aad

Or you can study the Jacko and James16 threads, that's really all you need to trade successfully...

http://www.forexfactory.com/showthre...23#post1425723

http://www.forexfactory.com/showthread.php?t=2331

Thanks once again Aad for sharing those links,, I'm going thru Jacko's trading system and is nothing but excellence..
  • #8,851
  • May 8, 2008 4:17am May 8, 2008 4:17am
Quoting FxApasionado
Thanks once again Aad for sharing those links,, I'm going thru Jacko's trading system and is nothing but excellence..
Thanks. I am going to find some time to go over it also.
Expected the unexpected
  • #8,852
  • Edited 4:20am May 8, 2008 4:19am | Edited 4:20am
Quoting FxApasionado
Have you taken a course from say, forexmentor.com or fxbootcamp.com ?,,, I took the forexmentor course with peter bain and i learn quite a lot,, I mostly use macd divergence,, to make a few bucks here and there,, but I'm now interested in taking a course with the fxbootcamp guys... I think it'll be interesting,, these courses really pay off,, if you decide to take any of those courses, let me know,, [email protected]
Do you trade MACD Divergence exlusively?

TP
  • #8,853
  • May 8, 2008 4:24am May 8, 2008 4:24am
seems it wants to retest 1.5400
  • #8,854
  • May 8, 2008 4:29am May 8, 2008 4:29am
I would say 1.5368 at least... fib retracement and previous support now resistance
  • #8,855
  • May 8, 2008 4:30am May 8, 2008 4:30am
Quoting takeprofit
Do you trade MACD Divergence exlusively?

TP

Not necessarily, but the easiest money I made it trading macd divergence...


Hey everyone, check this thread on the eur/usd

http://www.forexfactory.com/showthre...t=73681&page=8
  • #8,856
  • May 8, 2008 4:59am May 8, 2008 4:59am
Stopped out.
On the path to Enrichment.
  • #8,857
  • May 8, 2008 5:03am May 8, 2008 5:03am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
Quoting Jurrasic
Stopped out.
still in the game with s/l at 61. haha.
Start Young. Think Big. Stick to It.
  • #8,858
  • May 8, 2008 6:24am May 8, 2008 6:24am
Good morning everyone. I am still holding my longs at 5417. Last night saw some weak longs head for the exits. I am looking for a move up to 5463, then possibly 5608.


The move down last night had some nice order flow and if you are a EURO TO 1.65er then it was a nice buying opportunity. Hopefully, some of you were buyers.

Good luck to you today. Mr Trichet is always entertaining.
  • #8,859
  • May 8, 2008 7:40am May 8, 2008 7:40am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
AHHH !!! panicky me went to long euros @ 1.5350. I so shouldn't have oh man.
Start Young. Think Big. Stick to It.
  • #8,860
  • May 8, 2008 7:40am May 8, 2008 7:40am
Bye bye Euro
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