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EURUSD

  • #11,301
  • Jun 18, 2008 7:37am Jun 18, 2008 7:37am
Quoting B@by trader
I SEE BULLISH DIV ON D1 EU.
AND IM LONG THIS TIME.
YOU ALL GO SHORT RIGHT?
SO IM JUST
P/S;FOR THOSE WHO WANTS TO SEE THE DIV SEE STOCH 5,3,3 DAILY
Im long.
  • #11,302
  • Jun 18, 2008 7:39am Jun 18, 2008 7:39am
Quoting samclider
) hit your SL Right ??
My Mental SL only I know what it is!

But Because I need to write here a number I wrote 1.5503.
Market it is very random at this point, I have enter long at 1.5496 Already closed, a scalp one, now I keep one short with a tight SL, but it is secret!
  • #11,303
  • Jun 18, 2008 7:40am Jun 18, 2008 7:40am
After looking at all the data, I ended up going long. I figured in the long run, it'll turn out OK for me. But then I get on here and see so many of you going short, I'm a little freaked out. I think I'm gonna hold onto this position though...
Do you think the karate kid knows kung-fu?
  • #11,304
  • Jun 18, 2008 7:50am Jun 18, 2008 7:50am
i shorted at 490 but im still not convinced, i have a very tight SL
  • #11,305
  • Jun 18, 2008 7:53am Jun 18, 2008 7:53am
hoping for 466
  • #11,306
  • Jun 18, 2008 8:04am Jun 18, 2008 8:04am
My S/L was hit but at a profit.

Oh well, time to move on to the next trade
Not all sins are created equal
  • #11,307
  • Jun 18, 2008 8:06am Jun 18, 2008 8:06am
Quoting ma_cowburn
What is that spose to mean?
The patience and knowledge of the force losing you are

http://www.mtv.com/shared/media/news...sword_sith.jpg
  • #11,308
  • Jun 18, 2008 8:15am Jun 18, 2008 8:15am
One more scalp trade closed short @1.5496 TP @1.5476

Until a break of my chart levels I am only for 10/15 pips trades.

My bet is one more upside move to then we see a sharp down move, so short around 1.5527 SL 1.5552.

If price goes to 1.5468, I will wait a clear break to short here!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 42 KB
  • #11,309
  • Jun 18, 2008 8:19am Jun 18, 2008 8:19am
Will go long again if it hits 1.5538.
Not all sins are created equal
  • #11,310
  • Jun 18, 2008 8:43am Jun 18, 2008 8:43am
I'm relatively new to all things FX.

Take a look at eurusd chart with Fibs and let me know thoughts. Thinking of Shorting.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd fibo 18jun08.jpg Size: 185 KB
There is only one Certainty in Trading --- There is no Certainty
  • #11,311
  • Jun 18, 2008 9:36am Jun 18, 2008 9:36am
This looks like small head and shoulders, so beware of longs. Break of neckline will be about 1.5479.
  • #11,312
  • Jun 18, 2008 10:00am Jun 18, 2008 10:00am
can 4 hour ascertain this view?
Helping the philosophically challenged
  • #11,313
  • Jun 18, 2008 10:06am Jun 18, 2008 10:06am
15450 level is a very important support level.

Target price is not fullfill yet.

Short trade is dangerous to place at support level.

Uptrend trendline touched few min ago from 15300 to 15400 swing low.

I am holding my long for another 100-200 pips up runs. ^^
  • #11,314
  • Jun 18, 2008 10:07am Jun 18, 2008 10:07am
  •  Trader#0000
  • | Status: Unregistered Trader
We are in channel between 5460 and 5550. Remember first breakout from this channel will be false (taking out stops). The true direction will be opposite to first breakout. Just my 2c.
  • #11,315
  • Jun 18, 2008 10:10am Jun 18, 2008 10:10am
Quoting kenken
We are in channel between 5460 and 5550. Remember first breakout from this channel will be false (taking out stops). The true direction will be opposite to first breakout. Just my 2c.
Feasible but not always...thats why I say bad idea
Helping the philosophically challenged
  • #11,316
  • Jun 18, 2008 10:20am Jun 18, 2008 10:20am
Hey guys,

I see a lot of posts here, but not one touches on the fundamental side to the graph we are seeing.

With due respect to all, just because YOUR line is there, and price reacted to it IN YOUR MIND, does not mean anything to anyone else, at least it shouldn't.

This is why we have different opinions: one guy sees a triangle, the other H&S, and of course we have a 50% fib level that we should look for. *yawn*

Why are we having a dead week so far? Look at the news: what is driving price movements? Really there is nothing too Earth shattering. If there was good USA news, there was bad USA news; same with the EURO. Thus, a flat couple of days was born.

What will happen in the future? Keep guessing based on your charts alone, but I prefer to focus on certain news events, and logically think through what could happen.

This may be my last post here, because quite honestly, I can't take all the useless predictions that I have to read here.
  • #11,317
  • Jun 18, 2008 10:32am Jun 18, 2008 10:32am
Quoting kharvell
Hey guys,

I see a lot of posts here, but not one touches on the fundamental side to the graph we are seeing.

With due respect to all, just because YOUR line is there, and price reacted to it IN YOUR MIND, does not mean anything to anyone else, at least it shouldn't.

This is why we have different opinions: one guy sees a triangle, the other H&S, and of course we have a 50% fib level that we should look for. *yawn*

Why are we having a dead week so far? Look at the news: what is driving price movements? Really there is nothing too Earth shattering. If there was good USA news, there was bad USA news; same with the EURO. Thus, a flat couple of days was born.

What will happen in the future? Keep guessing based on your charts alone, but I prefer to focus on certain news events, and logically think through what could happen.

This may be my last post here, because quite honestly, I can't take all the useless predictions that I have to read here.

You should all be ashamed of yourselves. What khardell is saying is true...My 2 cents, America's situation isn't getting any better while Eurozone is doing great. I'll be damned if i take any shorts, and so shall you.
Helping the philosophically challenged
  • #11,318
  • Jun 18, 2008 10:43am Jun 18, 2008 10:43am
Are you saying you wouldn't short if there was a sell setup and if the market started to drop? The funnymentals aren't what they seem. The market can go up or down on both good and bad news. As traders we need to be careful to not argue with the charts. They are always right.


Quoting triq03
You should all be ashamed of yourselves. What khardell is saying is true...My 2 cents, America's situation isn't getting any better while Eurozone is doing great. I'll be damned if i take any shorts, and so shall you.
  • #11,319
  • Jun 18, 2008 10:45am Jun 18, 2008 10:45am
Quoting triq03
You should all be ashamed of yourselves. What khardell is saying is true...My 2 cents, America's situation isn't getting any better while Eurozone is doing great. I'll be damned if i take any shorts, and so shall you.
LOL,

I may be damned, my friend. In all seriousness though, summer time is a good time for the USA. Summer time is a REALLY good time for the USA when the dollar = crap. I have seen a ridiculous amount of foreigners traveling here for vacation, and I for certain would not discount their influence on our country. It's funny too because they buy so much stuff! Why not? If my currency was booming, I'd go to USA too and get all the sweet stuff we have for cheap. Not to mention Disney World, National Parks, Sports, and major cities(i.e. NYC, LA, San Francisco, etc. )

My point in mentioning this is that the USD recovering is not only possible, but could potentially be likely, especially with the way I've seen things happening around me.
  • #11,320
  • Jun 18, 2008 10:49am Jun 18, 2008 10:49am
Quoting kharvell
LOL,

I may be damned, my friend. In all seriousness though, summer time is a good time for the USA. Summer time is a REALLY good time for the USA when the dollar = crap. I have seen a ridiculous amount of foreigners traveling here for vacation, and I for certain would not discount their influence on our country. It's funny too because they buy so much stuff! Why not? If my currency was booming, I'd go to USA too and get all the sweet stuff we have for cheap. Not to mention Disney World, National Parks, Sports, and major cities(i.e. NYC, LA, San Francisco, etc. )

My point in mentioning this is that the USD recovering is not only possible, but could potentially be likely, especially with the way I've seen things happening around me.

Jokes aside market goes up and down and you do have to take advantage of that. BUT....I do prefer longs over shorts especially of late (past couple of months). I go with the situation and try not to get caught up with too much in depth fundamentals or technicals, but eventually strong fundamentals (Eurozones great handling of this global economic turn down, and USA's big problems) have to prevail
Helping the philosophically challenged
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