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EURUSD

  • #10,201
  • May 28, 2008 9:30am May 28, 2008 9:30am
Quoting Donyouth4eva
Anyone longing from here?
better to stay short from 15660.
  • #10,202
  • May 28, 2008 9:37am May 28, 2008 9:37am
Quoting triq03
I've been longing, I was born longing
From what position? Ive been longing from 1.5763 and 1.5811
  • #10,203
  • May 28, 2008 9:37am May 28, 2008 9:37am
If you are long or short, could you please explain the reason for your positions?
Expected the unexpected
  • #10,204
  • May 28, 2008 9:43am May 28, 2008 9:43am
Quoting scyang
If you are long or short, could you please explain the reason for your positions?
My reasons are because of these mediocore reports. There should be no reason why US is gaining strength when the reports are not really that impressive. Oil,gas,inflation,etc are still high and i believe it will hit 1.60 level.
  • #10,205
  • May 28, 2008 10:00am May 28, 2008 10:00am
1.5650 is very key point
  • #10,206
  • May 28, 2008 10:05am May 28, 2008 10:05am
Quoting Donyouth4eva
My reasons are because of these mediocore reports. There should be no reason why US is gaining strength when the reports are not really that impressive. Oil,gas,inflation,etc are still high and i believe it will hit 1.60 level.
You hit it on the dot. I've had great month (knock on wood) with various positions (most of them long). Today i was outed -50 pips, but I got back on the train at 630. Hoping to go to at least 740-820. There is no evidence that E-13 has had profound negative effects from Euro strength, nor is there evidence that America is back to making a recovery. I'm one of the believers that America is in a recession (even more so after Buffet said it a few days ago), and until big breaks come in (in the form of 550 first then 1.5000 ish, I still firmly believe it'll go back up to 1.60 and 1.70 and 1.80 etc. I'm currently located in the Country of Jordan where my market maker takes no swap. So I got all the time in the world


***Added: I do believe there is a strong possibility of seeing 550 area, but i'd rather let it go down 70 pips then risk watching the market fly.
Helping the philosophically challenged
  • #10,207
  • May 28, 2008 10:14am May 28, 2008 10:14am
Be real nice to see another failure at this point to form a D/B on the lower lights.
  • #10,208
  • May 28, 2008 10:19am May 28, 2008 10:19am
Quoting hard1head1
Be real nice to see another failure at this point to form a D/B on the lower lights.
Your words are like sweet musical notes to my ear
Helping the philosophically challenged
  • #10,209
  • May 28, 2008 10:20am May 28, 2008 10:20am
A nice stiff rejection.
  • #10,210
  • May 28, 2008 10:27am May 28, 2008 10:27am
Quoting hard1head1
A nice stiff rejection.

again no breakout and load of buyer @ 610
  • #10,211
  • May 28, 2008 10:28am May 28, 2008 10:28am
Quoting hard1head1
Be real nice to see another failure at this point to form a D/B on the lower lights.

i am with u on that bro ....
  • #10,212
  • May 28, 2008 10:39am May 28, 2008 10:39am
Yep we need some juice to make it go, now. Opportunity for lots of pips here.

Quoting warta
again no breakout and load of buyer @ 610
  • #10,213
  • May 28, 2008 10:47am May 28, 2008 10:47am
Quoting hard1head1
Yep we need some juice to make it go, now. Opportunity for lots of pips here.
oh by the way hows u bro
well we r in the daily OS as we can see more room down but not today maybe at the end of this week we will see the 400 area
otherwize we have OB on the 4 h chart and 1 h chart mean we may enter a consolidation period till the london session price can play between 610/675 but if we will have a good volume to push down but in both way its nice to reload @ the top od the ranging period

at the end its a market everythin possible
its my view not a call

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  • #10,214
  • May 28, 2008 10:51am May 28, 2008 10:51am
my view not a call
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  • #10,215
  • May 28, 2008 12:59pm May 28, 2008 12:59pm
Okay, what the heck is going on here??? There seems to be strong support around the 5610-5615 area and there was a triple bottom made on the 5 min chart at that area but we can't seem to get up enough power to get past 5650. Any thoughts on why we are just bouncing along?
  • #10,216
  • May 28, 2008 1:51pm May 28, 2008 1:51pm
Quoting Dl1982
Okay, what the heck is going on here??? There seems to be strong support around the 5610-5615 area and there was a triple bottom made on the 5 min chart at that area but we can't seem to get up enough power to get past 5650. Any thoughts on why we are just bouncing along?
the 1.5610 area represent the 61.8 Fib. level
for the move from 1.5286 to 1.5812

so i guess that's the reason
any comments ?
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  • #10,217
  • May 28, 2008 1:55pm May 28, 2008 1:55pm
Quoting emadanton
the 1.5610 area represent the 61.8 Fib. level
for the move from 1.5286 to 1.5812

so i guess that's the reason
any comments ?

right 61 fib on 4 h chart and daily 23 fib in the same time
its a strong support we will see a small range 610/670 till we own a nice volume to continue the daily OB
  • #10,218
  • May 28, 2008 2:16pm May 28, 2008 2:16pm
Possible move for week 05/25/08

EUR/USD

1.6000 Target high
1.5550 Target low

192 for the week

240 pip divergence / 5 days = 48 pip break

= 1.5774 + 48 = 1.5822 go long
1.5774 – 48 = 1.5726 go short

240 - 48 = 192 pip potential profit in place for this week
  • #10,219
  • May 28, 2008 2:48pm May 28, 2008 2:48pm
we are still in the range game we can see more uper price
  • #10,220
  • May 28, 2008 3:02pm May 28, 2008 3:02pm
amed12,

we're currently below 1.5726, so is dis a sign to go short all d way till d end of d week or is still hope for 1.59XX? any ideas r welcome...
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