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  • #9,561
  • May 20, 2008 4:57am May 20, 2008 4:57am
what?
  • #9,562
  • May 20, 2008 4:58am May 20, 2008 4:58am
Quoting Jurrasic
Well like I said at the start of the week - the Friday move is not to be trusted and indeed a big retrace there was. Now that it got back and higher I think at least mid 58 is clearly in sight.
yes. very well done
we are still in the channel up
  • #9,563
  • May 20, 2008 5:28am May 20, 2008 5:28am
2 minutes from the PPI data
  • #9,564
  • May 20, 2008 6:04am May 20, 2008 6:04am
i am shorting the euro @1.5647; profit [email protected]; stop [email protected]
  • #9,565
  • May 20, 2008 6:05am May 20, 2008 6:05am
Quoting de123
aja itak čist te štekamo model, kar tako naprej, cel svet te razume...

apek kono ngan nko nie kucing kurapp? lobih baik nko ghi ler mandi, saboon skalie ur ketiak bushuk.. harhar
  • #9,566
  • May 20, 2008 6:07am May 20, 2008 6:07am
Quoting adriaani
i am shorting the euro @1.5647; profit [email protected]; stop [email protected]
i'm seriuosly happy for u. hope u gonna make some EUROs..
  • #9,567
  • May 20, 2008 6:26am May 20, 2008 6:26am
Quoting sengkuang
i'm seriuosly happy for u. hope u gonna make some EUROs..
I also hope I make lots of euros.
  • #9,568
  • May 20, 2008 6:30am May 20, 2008 6:30am
Im still short for at least 1.59950

Cheers.
  • #9,569
  • May 20, 2008 6:39am May 20, 2008 6:39am
Quoting uncleforex
Im still short for at least 1.59950

Cheers.
Wow how long have you been holding this thing? How long do you think it's gonig to go. I've got to say that you are very patient.
Expected the unexpected
  • #9,570
  • May 20, 2008 7:12am May 20, 2008 7:12am
Im shorting also back to 1.5630
  • #9,571
  • May 20, 2008 9:19am May 20, 2008 9:19am
Quoting scyang
Wow how long have you been holding this thing? How long do you think it's gonig to go. I've got to say that you are very patient.
I shorted since 1.56550

So its not that bad. Just -12pips.
  • #9,572
  • May 20, 2008 9:22am May 20, 2008 9:22am
Quoting uncleforex
I shorted since 1.56550

So its not that bad. Just -12pips.
Oh I thought you said 1.5955. I must be cross-eyed from staring at the screen too long.
Expected the unexpected
  • #9,573
  • May 20, 2008 9:24am May 20, 2008 9:24am
Im long on u/j since it is at the bottom of the rising channel well support on H4 and daily chart. I expect a 50pips bounce.
  • #9,574
  • May 20, 2008 11:31am May 20, 2008 11:31am
Quoting tunera
Well, usually i don't tell what a currency will do because everyone know that nothing is sure, but... BUT THIS TIME

I say that it is obvious that moonday or the day after, we will see the eur reach 1.5750 area, we have a very nice headandshoulder pattern on daily chart completed just yesterday (neckline brokened), you can calculate the target with any kind of method you know, it remain still the same, we talking about 1.57-1.5750 area.

Also, the head and shoulder have accomplished with touching the 38.2% fib of the last upmove (that one started some month ago), so it is possible (not sure, just possible) that after 1.5750 a little retracement will be, then the run continue to 1.60 area, but this is just the eurusd..

Looking to the oil price (that usually is higly correlated to the eurusd, due to the fact that most of countries buy oil in eur) is looking north, everyday (or something like that) broke his high, the oil recently (2 days ago) touched the 38.2% fib retracement, and yesterday brokened the old high, pointing north to 161%, this will support the eurusd upmove (that it is already obvious from the eurusd chart).

P.s.
This post show the reasons why i think eurusd could go higher the next week, pls remember THERE ARE A LOT OF REASONS that exaplain also why it may go lower the next week, so don't take this post as advice, it's only a point of view about a currency pair, nothing more.

Ok, price did what expected, goed down to support, and today reached the target n° 1.
Now, looking for another support-testing, and to go at target-2 area.

(MAYBE!!)

Anyone agree with me?
Attached Image (click to enlarge)
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  • #9,575
  • May 20, 2008 11:48am May 20, 2008 11:48am
Quoting tunera
Ok, price did what expected, goed down to support, and today reached the target n° 1.
Now, looking for another support-testing, and to go at target-2 area.

(MAYBE!!)

Anyone agree with me?
Its forming a flag. It might break out to upside.
  • #9,576
  • May 20, 2008 12:06pm May 20, 2008 12:06pm
That's true, very interesting.. but i would not bet on it (also not bet against it), the NY session is going to close within a few hours, and big-players will come again tomorrow at the open of the london session, so i see little hard to see another huge up-move for today, anyway it happened in the past and can happen again, let's see what happen
  • #9,577
  • May 20, 2008 12:17pm May 20, 2008 12:17pm
Quoting tunera
Ok, price did what expected, goed down to support, and today reached the target n° 1.
Now, looking for another support-testing, and to go at target-2 area.

(MAYBE!!)

Anyone agree with me?
I agree that it's going up Tunera - a long way.

http://www.forexfactory.com/showpost...postcount=9541

It's moving well isn't it.
Enjoy the ride!

Rob
  • #9,578
  • May 20, 2008 12:49pm May 20, 2008 12:49pm
Quoting tunera
Ok, price did what expected, goed down to support, and today reached the target n° 1.
Now, looking for another support-testing, and to go at target-2 area.

(MAYBE!!)

Anyone agree with me?
Yes. I think chances of it making lower than 580 are unlikely and lower than 520 very improbable. Should start gaining momentum now and go rather quickly towards 59.
On the path to Enrichment.
  • #9,579
  • May 20, 2008 1:04pm May 20, 2008 1:04pm
As soon as USD/CHF breaks support at 1.0345, I believe we will see next big move up. Currently it is only 15 pips away. Might not happen now but could happen in Asian session later.
  • #9,580
  • May 20, 2008 1:31pm May 20, 2008 1:31pm
tommorow we have german ifo, so can be little down.... will see
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