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EURUSD

  • #10,401
  • May 30, 2008 1:14am May 30, 2008 1:14am
Quoting Jay Walker
What do you base that on?
S&R-levels,few indicators, some trend lines and a crystal ball.
  • #10,402
  • May 30, 2008 1:15am May 30, 2008 1:15am
Just gave nice clue for the next direction..enter those bermudas at tops
  • #10,403
  • May 30, 2008 1:17am May 30, 2008 1:17am
Quoting Clouds
A 5-year old child could figure out the direction from here, better than some of us.
Attachment
i'll ask my five year old when she wakes up.
but just a wild guess....DOWN
  • #10,404
  • May 30, 2008 1:49am May 30, 2008 1:49am
Quoting piptornado
i'll ask my five year old when she wakes up.
but just a wild guess....DOWN

we are still in the strong euro

Attached Image (click to enlarge)
Click to Enlarge Name: ch1.gif Size: 8 KB
  • #10,405
  • May 30, 2008 1:53am May 30, 2008 1:53am
Quoting warta
we are still in the strong euro

Attachment
nice chart warta.. but a breakout of that line take us to
  • #10,406
  • May 30, 2008 1:56am May 30, 2008 1:56am
Quoting Srikanth
nice chart warta.. but a breakout of that line take us to

oh yeah but its not so easy to break this trend
well lets see
  • #10,407
  • May 30, 2008 1:57am May 30, 2008 1:57am
Quoting Srikanth
nice chart warta.. but a breakout of that line take us to
1.2
  • #10,408
  • May 30, 2008 2:02am May 30, 2008 2:02am
we need a chat room especially for FF members.. then we can njoy the ride..
  • #10,409
  • May 30, 2008 2:04am May 30, 2008 2:04am
Quoting Clouds
1.2
a break of that line take us to 1.5350 and test one more TL

if that is also broken then all the way to 1.4XXX
  • #10,410
  • May 30, 2008 2:05am May 30, 2008 2:05am
Look simular?
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 30 KB
Que
  • #10,411
  • May 30, 2008 2:05am May 30, 2008 2:05am
BTW, I was reading a book about forex, from 2005, (I think), and was reading about someone that worked for BMW, and they said how they interact with the forex market, the euro was at 1.4 or something at the time. They said they spend months and months analyzing economies , ect. To decide about hedging money, ect. So they have invested in euros until the year 2008. Then they said they will get out of hedge and wait for euro to come down to fair market value at 1.1. Something to think about. Whether it happens or not, its interesting story.
  • #10,412
  • May 30, 2008 2:06am May 30, 2008 2:06am
It should.

Yes the trendline is a good tool. But it is not law.

It broke an irrely simular trendline in January. It DID continue up afterwards. But the line WAS broken.
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 31 KB
Que
  • #10,413
  • May 30, 2008 2:07am May 30, 2008 2:07am
Great MacD divergence forming.. almost time to go long,,
My short term target would be at 1.5571

cheers....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmay30.GIF Size: 35 KB
  • #10,414
  • May 30, 2008 2:11am May 30, 2008 2:11am
Quoting FxApasionado
Great MacD divergence forming.. almost time to go long,,
My short term target would be at 1.5571

cheers....
What would you say is success rate on MacD divergence? I don't use it, but I'm learning about forex and everything about it.
  • #10,415
  • May 30, 2008 2:14am May 30, 2008 2:14am
Quoting Que
It should.

Yes the trendline is a good tool. But it is not law.

It broke an irrely simular trendline in January. It DID continue up afterwards. But the line WAS broken.

its a hit not a break
  • #10,416
  • May 30, 2008 2:16am May 30, 2008 2:16am
looking at UJ there is so much room to upside (107) that shud bring EU to 1.5 level
  • #10,417
  • May 30, 2008 2:16am May 30, 2008 2:16am
Quoting warta
its a hit not a break
Please reference post 10397.

The last time we had this Exact scenerio, it broke, THEN came back into the line.
Que
  • #10,418
  • May 30, 2008 2:18am May 30, 2008 2:18am
Quoting warta
its a hit not a break
BTW, I am not saying your annalysis is wrong. I happen to believe it as well. Just would not go crazy on a trade is all.
Que
  • #10,419
  • May 30, 2008 2:19am May 30, 2008 2:19am
Looking better for shorts, ATM
  • #10,420
  • May 30, 2008 2:20am May 30, 2008 2:20am
Quoting warta
we are still in the strong euro

Attachment
Do you have no hearts? Does ice flow through your veins? People have some compassion, this is the Euro we're talking about. I speak for myself when I say that the Euro has been there for me when times got rough. Euro has bailed me out when I was drunk and got in trouble. Euro got me up when I was down. And all you all seem to do is ostracize it??? I stick by my Euro, and I'll gladly buy him till he gets back on his feet, like he's done for me in the past. This area STILL fair game. Technically down, YES. But technicals do deceive sometimes and now we have to rely on the fundamentals and market movements (and then a little technical). At least give him the benefit of the doubt instead of insisting he's going to fail.

P.S. Always doubt the technicals when "your 5 year old could analyze it"
Helping the philosophically challenged
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