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  • #10,601
  • Jun 2, 2008 8:56pm Jun 2, 2008 8:56pm
If it does go up from here new highs could be just around the corner, as 61fib held quite nicely at 1.5460
  • #10,602
  • Jun 2, 2008 10:22pm Jun 2, 2008 10:22pm
Quoting hard1head1
Its very obvious where we aer going. Some of you guys need to do some charting instead of asking where its going.

WHATS UP WARTA, HOWS IT GOING???
sup bro , going wel , what about u ?

i agree with u bro but we have to test the LT if not breaken then long for sure
but i think we will have a breakout today
  • #10,603
  • Jun 3, 2008 5:02am Jun 3, 2008 5:02am
Beware Longs!

Big H4 Tail, touched some of my lines.

I am short now @1.5611 will close @1.5577, but I prefer shorts now every time price goes to 1.5620/30's.


Good luck guys
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  • #10,604
  • Jun 3, 2008 5:06am Jun 3, 2008 5:06am
That upper line was there before price touched it!
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  • #10,605
  • Jun 3, 2008 5:06am Jun 3, 2008 5:06am
Quoting BoredToLoose
Beware Longs!

Big H4 Tail, touched some of my lines.

I am short now @1.5511 will close @1.5477, but I prefer shorts now every time price goes to 1.5520/30's.


Good luck guys
do you mean 5611?
Don't chase the market, Let the market come to you
  • #10,606
  • Jun 3, 2008 5:11am Jun 3, 2008 5:11am
  • #10,607
  • Jun 3, 2008 5:51am Jun 3, 2008 5:51am
is it a good time to go short now? cuzz i think it has met a resistance at 1.5620
  • #10,608
  • Jun 3, 2008 6:10am Jun 3, 2008 6:10am
Topped 1.5630, what next:
we may see now price retrace to 1.5542 then up again to 1.5572 then down again to 1.5488.

Just wondering!
  • #10,609
  • Jun 3, 2008 8:10am Jun 3, 2008 8:10am
Ok i got it @ 1.5548 gonna hold it long, expecting euro to hit 5700 this week gl all trader long or short
  • #10,610
  • Jun 3, 2008 8:12am Jun 3, 2008 8:12am
haha, where are all your trendlines telling you the market it going now ?

Strange what a bit of inflation talk will do to a currency, that being the number one driver of this market.
  • #10,611
  • Jun 3, 2008 8:13am Jun 3, 2008 8:13am
It's down to 5520 right now, i still don't see a clear indication of going long.
  • #10,612
  • Jun 3, 2008 8:15am Jun 3, 2008 8:15am
A few minutes ago I changed my long for a short and it dropped like a rock. lol I was very lucky.
What caused it ?
Inflation in things we need, Deflation in things we want.
  • #10,613
  • Jun 3, 2008 8:18am Jun 3, 2008 8:18am
Quoting Thijs
A few minutes ago I changed my long for a short and it dropped like a rock. lol I was very lucky.
What caused it ?
Bernanke
  • #10,614
  • Jun 3, 2008 8:23am Jun 3, 2008 8:23am
WTF is going on? damn bernanke is not saying that important stuff to cause the euro to go that far down!!!
  • #10,615
  • Jun 3, 2008 8:25am Jun 3, 2008 8:25am
Quoting zxr
WTF is going on? damn bernanke is not saying that important stuff to cause the euro to go that far down!!!

man, expect d unexpected...dis is forex
  • #10,616
  • Jun 3, 2008 8:25am Jun 3, 2008 8:25am
At this rate the daily would be an excellent area to short although I think it will just retrace to get back on course for the rest of the day now.
I dream, therefore I become.
  • #10,617
  • Jun 3, 2008 8:27am Jun 3, 2008 8:27am
Quoting zxr
WTF is going on? damn bernanke is not saying that important stuff to cause the euro to go that far down!!!
Actually it is the first time he has said that he is concerned about the level of the dollar, instead of his normal "that is the treasury department's job"...
  • #10,618
  • Jun 3, 2008 8:27am Jun 3, 2008 8:27am
Quoting zxr
WTF is going on? damn bernanke is not saying that important stuff to cause the euro to go that far down!!!
Get off the hourly charts or lower and that'll never affect you. Yesterday showed a reversal bar to the downside and now it's coming into play. Simple technicals on a higher timeframe showing the form are what's coming into play now. News is just the driver though because, in reality, fundamentals always play out in longer term technical analysis.
I dream, therefore I become.
  • #10,619
  • Jun 3, 2008 8:27am Jun 3, 2008 8:27am
I was out when price start to drop, lost only 25pips.
But now I am short and eating pips like a donkey!

At this moment short @1.5469

1.5470 broken, so price will drop today to 1.53 area no doubt!
  • #10,620
  • Jun 3, 2008 8:29am Jun 3, 2008 8:29am
Anybody trying to catch this rollercoaster ride down?
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