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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
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EURUSD

Quoting xxDavidxSxx
Here is my chart continued. This is going to establish some kind of pattern, but its incomplete and will be determined if euro reaches new higher highs, or falls short and turns in the yellow reversal zone I have there. Euro likes to make a 76.4 retrace before turning. Thats also where the bottom of the yellow trend line is.

http://img530.imageshack.us/img530/8...lytrendej0.gif
There it is. Euro$ found resistance under the yellow trend line. That could be it, or it could ride up the bottom of that trend line before falling off. But I see it falling to 1.5000 soon. As long as it stays under the yellow trend line that is.

http://img297.imageshack.us/img297/7...lytrendeu0.gif
I`m going long from 1.5730 TP 1.5800 SL 1.5710
Quoting Küster
I`m going long from 1.5730 TP 1.5800 SL 1.5710
EUR/USD intraday: correction expected Pivot: 1.575

Our preference: Short positions below 1.575 with targets @ 1.5635 & 1.5602 in extension.

Alternative scenario: Above 1.575 look for further upside with 1.5815 & 1.586 as targets.

Comments: intraday technical indicators are reversing down & the pair fell back below its former bullish channel resistances.
Attached Image
Don't chase the market, Let the market come to you
might it be turning around now?
I am still long from earlier in the month below the 1.53 level. Here's where I am now.....

********************************************************

The Euro came just a few points shy of the 1.5820 level early in the European session and was met with some heavy supply which sent it all the way back down to the ADV level of 5717. We finished the day just above this level. It is important to understand the significance of this level. The next major move will come from here. Either up or down and if you are position trader like me then now is an ideal time to position for the next leg. We may spend some more time building value at this level so be patient and stay on the correct side of the move.

I continue to hold longs until proven wrong. New long positions can be established now as the market is giving you the 5717 level. Target 5820. If this level breaks, target 5923.

If we begin to build value under the ADV level of 5717, I would exit my long positions and wait for the market to give me 5717 and set up shorts down to 5566.

http://www.morrisfunds.com/storage/f...05.23.2008.PNG

Im still holding both my long positions from morning. It just doesn't make any sense. Oil is at record high,gold is back up but yet the dollar got stronger today.I'll hold my positions for a few weeks if i have to.Based on all the us news that has been coming out it has to go back up.
SET LONGS --- THE MARKET IS GIVING 1517 AGAIN!!!! 1.5935 Coming. Buy Porshe

Quoting DownRiverTrader
I am still long from earlier in the month below the 1.53 level. Here's where I am now.....

********************************************************

The Euro came just a few points shy of the 1.5820 level early in the European session and was met with some heavy supply which sent it all the way back down to the ADV level of 5717. We finished the day just above this level. It is important to understand the significance of this level. The next major move will come from here. Either up or down and if you are position trader like me then now is an ideal time to position for the next leg. We may spend some more time building value at this level so be patient and stay on the correct side of the move.

I continue to hold longs until proven wrong. New long positions can be established now as the market is giving you the 5717 level. Target 5820. If this level breaks, target 5923.

If we begin to build value under the ADV level of 5717, I would exit my long positions and wait for the market to give me 5717 and set up shorts down to 5566.


http://www.morrisfunds.com/storage/f...05.23.2008.PNG

Quoting DownRiverTrader
SET LONGS --- THE MARKET IS GIVING 1517 AGAIN!!!! 1.5935 Coming. Buy Porshe
Sure bound off 1.5717 fast. Waiting to see what happens next.
Expected the unexpected
Quoting Donyouth4eva
Im still holding both my long positions from morning. It just doesn't make any sense. Oil is at record high,gold is back up but yet the dollar got stronger today.I'll hold my positions for a few weeks if i have to.Based on all the us news that has been coming out it has to go back up.
Apr 27, 2008 5:44pm
Quoting Fx_Genius
Could the E$, oil and gold be decoupling?
Oil is trading up $119.26, with a high $119.93.
Gold climbing while E$ drops a little.
E$ is 1.56xx and down from Friday.
Makes me wonder...
Gonna sit and watch for now.
Oil at $119.... A dream today.

For more information on Decoupling
http://www.investopedia.com/terms/d/decoupling.asp
Hope it helps.
Quoting Fx_Genius
Apr 27, 2008 5:44pm


Oil at $119.... A dream today.

For more information on Decoupling
http://www.investopedia.com/terms/d/decoupling.asp
Hope it helps.
What is your source for $119 oil?
Expected the unexpected
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 720 Posts
On E/U I see a nice Morning Star on 4 hr 61.8 fib retrace.

We need a little cooperation from Gold though to not take her down like last night. I think Gold is at a critical point right now to let us know if the move down from last night was a retrace or a reversal for a further move South. If Gold closes hourly below 917 then I see E/U targets of 1.5646, 1.5617, then 1.5559. We need to see a Gold rally for E/U longs and not the crap we saw last night.
"Wishful thinking dies hard." Igor T.
Quoting DownRiverTrader
I am still long from earlier in the month below the 1.53 level. Here's where I am now.....

********************************************************

The Euro came just a few points shy of the 1.5820 level early in the European session and was met with some heavy supply which sent it all the way back down to the ADV level of 5717. We finished the day just above this level. It is important to understand the significance of this level. The next major move will come from here. Either up or down and if you are position trader like me then now is an ideal time to position for the next leg. We may spend some more time building value at this level so be patient and stay on the correct side of the move.

I continue to hold longs until proven wrong. New long positions can be established now as the market is giving you the 5717 level. Target 5820. If this level breaks, target 5923.

If we begin to build value under the ADV level of 5717, I would exit my long positions and wait for the market to give me 5717 and set up shorts down to 5566.


http://www.morrisfunds.com/storage/f...05.23.2008.PNG

How do you get the supply information?
Expected the unexpected
Quoting scyang
What is your source for $119 oil?
That was the price on date of post, Apr 27, 2008 5:44pm.
The link below is where I get my live prices.
http://nymexdatardc.cme.com/index.html
Quoting amed12
Possible move for week 05/18/08

EUR/USD

1.5750
1.5400

174 for the week

174 pip divergence / 5 days = 35 pip break

= 1.5610 go long broken resistance
1.5593 – 35 = 1.5558 go short

174 - 35 = 139 pip potential profit in place for this week
At the open of the week
Quoting Dabek FX
Since I dont have much time to trade Im just going for 20 pips down... As far as a real target price 5700 looks reasonable.
How many people made off that

Today Im looking for further retracement as PMI data forecasted to be lower than previous. Should it do better than expected by enough, I will go long and Look for the 5820 point. Until then nap time for me
Quoting amed12
I got it, if the price move up more than 1.5750 by tomorrow he will move 200 pips up, but if the price move under 1.5750 by tomorrow he will go to friday close 1.5593 at the end of the week.
At the middle of the week


Soy Boricua
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 720 Posts
I see gold divergences on MACD and RSI on 5, 15, and 30 min Gold. This could very well be setting up nicely for Euro.
"Wishful thinking dies hard." Igor T.
Quoting warta
i dont think long is a good idea now

we will see 1.5630 area
My thoughts: Euro is going up tonight, 1.5720 good buy, and GBP is going down to 1.97. It's reasonable to think this way, but the market is not always reasonable. [edit] euro might have a bit more fall in it.
go eur
Anyone still holding there long positions? I just got home from clubbing and was curious.
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