EURUSD

Looks like there has been a long signal then?

I agree, this is what usually happens. Unless it's a really big news / deviation which will cause shockwaves...

Trichet will be speaking in less than 1 hour. He always gives euro a lift. I don't expect this time to be any different. What do you all say?

We are hitting 1.55 which is right where the left shoulder began to form. Above that is some longer term resistance.

trichets and his words

I think that will the EUR / USD untill 1,56, but really what I hope to entry in short. I'm waiting for a signal to sell to enter the market. I want to work at long term.
In the long term, I think that is going to be a good trade.
My last trade in short opened at 1,5990 in short and close 1,5305

I do not believe that exceed 1.60, so I think long term, now is very interesting position to enter in short. At the end of the year, I am thinking the euro will be walking in 1.45 / 1.40 ...it will be very good moment to close the opened trades in this area ... What do you think about?

Hello guys,
I just came from the work,Can you plz tell me the view of the market
ps "i have short @1.5495"

I think a short is a good position right now. It looks like it's having some trouble with the 1.55 mark and the continuation run after the first rally seems to be over. I'm shorting right now at 1.5499 for a modest 30 pips down to the 1.5466 R1 line.

I think it´s good place to go in short...

i don't think so,E/U is now at 1.5515

Im still hloding my short.

scyang, this may seem like an offensive post towards you, but I don't mean it to be. I'm hoping to be critical in a constructive way (if that exists). I've been watching these forums and I used to read a lot on Oanda forums prior to their change in layout, which somehow made people post less frequently over there. However, the biggest thing I've learned is that no matter how "good" someone seems at predicting where the market is headed, no one can predict where the market is headed.

If he knew, he wouldn't be here. He'd be making millions. No offense to Jurrasic, because I'm sure he brings up valid points at times. However, ultimately, I believe he (Jurrasic) himself said, it's pointless to try and trade off of the advice of others.


Couldn't have been more wrong. At least, not for the term since that post was made.


Yes, that is what quite often happens in forex, which is why it's important to minimize exposure to risk by leveraging smaller amounts and setting appropriate stop losses. Granted, you won't make as much as you could've if you went "hail Mary," but you'll sure lose a lot less if it doesn't go your way.

If anyone is wondering, I don't trade off any system. I listen to the news and watch the momentum of the market. I usually enter in with small positions in the opposite direction at points where it appears it's taken a big jump/drop and add to it if the pair moves in the direction opposite to what I want it to. For the most part, everything in forex is bound to rebound and the dollar cost averaging I employ by adding positions in the opposite direction helps offset losses AND increase gains on a bounce. Granted, occassionally I'm stuck with dangling positions, but no one ever said I can always win, right?

As I imagine many others started, as a novice trader, I made huge leveraged positions based on news or some chart people would post showing that the pair would go one way or another, but I have to admit this was unnecessarily risky and, ultimately, I was in the red.

Trichet has just made some comments which are very $ negative. Hints that there will be no rate cut in the near future. This should squeeze out the rest of the shorts and make E/U upside much more probable. Price has held above, 1.55, oil is up, the $ rally is over.

You are right.

Well , I hope next short signal to entry on H1
When Trichets speaks.... Euro go up

Possible move for week 05/11/08

EUR/USD

1.5700
1.5200

175 for the week

220 pip divergence / 5 days = 45 pip break

= 1.5457 + 45 = 1.5502 go long
1.5457 – 45 = 1.5412 go short

220 - 45 = 175 pip potential profit in place for this week.

no me importa donde va siempre gano

dow up ---oil down--gold down--- should = dollar up---looking for dollar to rally

Well U were right and I have copped 60 pips.....

oye me puedes enviar un privado explicando esta estrategia que usas.

Te lo agradeceria muchisimo

English...................

Или хотя бы по-русски! :-)

Buy 1.5500, target 1.5800 for the next few days. If 1.5800 is reached it would create a great short opportunity for a further move towards 1.5000 as dollar gains strength and retraces.