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EURUSD

  • #10,941
  • Jun 10, 2008 5:16am Jun 10, 2008 5:16am
Get down by all session today...but now DJ future drop so will be + to eur on US session.... ready to take long for some pips....
  • #10,942
  • Jun 10, 2008 6:18am Jun 10, 2008 6:18am
Bottom may be is 1.5482-85 but is dangerous 1.5520 as resistance to bounce to 1.5415
Listen for your inside voice
  • #10,943
  • Jun 10, 2008 6:32am Jun 10, 2008 6:32am
I am getting to like these weekly and monthly pivots more and more. Just look at the precise bounce up from the weekly S1.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
  • #10,944
  • Jun 10, 2008 6:38am Jun 10, 2008 6:38am
Quoting SteveHopwood
I am getting to like these weekly and monthly pivots more and more. Just look at the precise bounce up from the weekly S1.

In that case yes it bounce up. Count me in group likes weekly pivots
Listen for your inside voice
  • #10,945
  • Jun 10, 2008 6:53am Jun 10, 2008 6:53am
This is my first post so please forgive my lack of lingo. I have been reading the posts for quite some time now and they have been so helpful... so now I am reaching out. I have been trading live for only a few months and so far I have been doing really well... until now. I went long on EU/US at 1.5786 with 2 lots (oh boy )... any thoughts? Take my losses or hold my position?
Thanks
  • #10,946
  • Jun 10, 2008 7:10am Jun 10, 2008 7:10am
ive seen a good buy oppertunity @1.5461 for long
  • #10,947
  • Jun 10, 2008 7:14am Jun 10, 2008 7:14am
Quoting ylianna28
This is my first post so please forgive my lack of lingo. I have been reading the posts for quite some time now and they have been so helpful... so now I am reaching out. I have been trading live for only a few months and so far I have been doing really well... until now. I went long on EU/US at 1.5786 with 2 lots (oh boy )... any thoughts? Take my losses or hold my position?
Thanks

Hold your position cause The Eu is oversold has bottomed out for the day
  • #10,948
  • Jun 10, 2008 7:16am Jun 10, 2008 7:16am
the pair might going down a bit more.. Im quite optimist with US Trade balance.. however.. Im just gonna watch the movement for today..
Money often costs too much...
  • #10,949
  • Jun 10, 2008 7:27am Jun 10, 2008 7:27am
Quoting ylianna28
This is my first post so please forgive my lack of lingo. I have been reading the posts for quite some time now and they have been so helpful... so now I am reaching out. I have been trading live for only a few months and so far I have been doing really well... until now. I went long on EU/US at 1.5786 with 2 lots (oh boy )... any thoughts? Take my losses or hold my position?
Thanks
Probabily prediction....for gioviforex system....I hope for you.

Attached Image


http://forum.forexometro.com/showthr...?t=112&page=21
  • #10,950
  • Jun 10, 2008 7:33am Jun 10, 2008 7:33am
Quoting SteveHopwood
I am getting to like these weekly and monthly pivots more and more. Just look at the precise bounce up from the weekly S1.

I have only Weekly Pivot, not Weekly Pivot Support.
In my System Weekly Pivot is now at 1.5640.
  • #10,951
  • Jun 10, 2008 7:44am Jun 10, 2008 7:44am
Quoting ylianna28
This is my first post so please forgive my lack of lingo. I have been reading the posts for quite some time now and they have been so helpful... so now I am reaching out. I have been trading live for only a few months and so far I have been doing really well... until now. I went long on EU/US at 1.5786 with 2 lots (oh boy )... any thoughts? Take my losses or hold my position?
Thanks
That price is at my Range top.
I do not know if you are too exposure, but if I was you I would closed it at partial times.
For example:
You have long 50000 units:
Close 5000 at 1.5550
Close 5000 at 1.5600
Close 20000 at 1.5700
Then hold rest of position and set a SL at 1.5300.

You must have a trade plan.
You have your trade almost -300 pips, it is bad at this time, my view is for dollar strength in next months, but we will see another up move, but could not reach 1.59 again.

DO NOT FOLLOW MY ADVICE, DO WHAT YOU FELL BEST FOR YOU!
FOREX IT IS A COMPLEX WORLD WITH NO GUARANTEES.

I know what you are feeling, I have already blew one small account!
  • #10,952
  • Jun 10, 2008 7:56am Jun 10, 2008 7:56am
Hi im a newb to forex, wasnt last weeks pivot down at 1.5390, and could we see eur/usd touch this area again?
  • #10,953
  • Jun 10, 2008 8:14am Jun 10, 2008 8:14am
http://www.marketoracle.co.uk/Article4937.html
  • #10,954
  • Edited 10:50am Jun 10, 2008 8:24am | Edited 10:50am
1.5484 best entry set SL 1.5458

Partial TP 1.5566 then 1.5616.

Good Luck Guys

Editing:
My Call gave already 50 pips!
Now important if crosses 1.5530 we will go to 1.5560

New Editing:
Phew, new drop my SL not hit, let's see if it holds!
ATTENTION: Use only Mental SL, do not indicate to your broker your intention!
  • #10,955
  • Jun 10, 2008 9:11am Jun 10, 2008 9:11am
Quoting BoredToLoose
1.5484 best entry set SL 1.5458

Partial TP 1.5566 then 1.5616.

Good Luck Guys

Editing:
My Call gave already 50 pips!
Now important if crosses 1.5530 we will go to 1.5560
Quoting chapy
Bottom may be is 1.5482-85 but is dangerous 1.5520 as resistance to bounce to 1.5415
As I wrote
Listen for your inside voice
  • #10,956
  • Jun 10, 2008 9:17am Jun 10, 2008 9:17am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 36 KB
  • #10,957
  • Jun 10, 2008 10:02am Jun 10, 2008 10:02am
Quoting BoredToLoose
http://www.marketoracle.co.uk/Article4937.html
Thank you for sharing!
"The markets are the greatest chess match ever played."
  • #10,958
  • Jun 10, 2008 10:05am Jun 10, 2008 10:05am
http://i26.tinypic.com/a30bxx.gif

RSI below 50.. Keep t short!!


sonic
  • #10,959
  • Jun 10, 2008 10:28am Jun 10, 2008 10:28am
I really do not understand how you can scalp against the trend...I would be scared if I was long.....
Current positions showing 440 by close of play tonight...
Good luck
  • #10,960
  • Jun 10, 2008 11:03am Jun 10, 2008 11:03am
I believe it's going to range between 1.5525 and 1.5460 before it makes a decision on final direction. Nice size range to play up and down a couple of times til the end of the US session. :nerd:
Just digging in the trenches like everyone else!
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