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EURUSD

  • #11,461
  • Jun 20, 2008 4:39am Jun 20, 2008 4:39am
I can feel it will break in 5 minutes.
  • #11,462
  • Jun 20, 2008 4:46am Jun 20, 2008 4:46am
Quoting Clouds
I can feel it will break in 5 minutes.
I ran out of patience 2 mintues b4 it broke up...
  • #11,463
  • Jun 20, 2008 4:47am Jun 20, 2008 4:47am
Quoting pipmac
I ran out of patience 2 mintues b4 it broke up...
Sucks when that happens. I was watching usd/chf and saw it coming....
  • #11,464
  • Jun 20, 2008 4:48am Jun 20, 2008 4:48am
Quoting pipmac
I ran out of patience 2 mintues b4 it broke up...
Maybe wait for everything to settle down, then re-enter on a pull-back.
  • #11,465
  • Jun 20, 2008 4:50am Jun 20, 2008 4:50am
Quoting Clouds
Maybe wait for everything to settle down, then re-enter on a pull-back.
Or jeeze, i dont know, your call.
  • #11,466
  • Jun 20, 2008 4:53am Jun 20, 2008 4:53am
could be a fakeout. good possiblilty
  • #11,467
  • Jun 20, 2008 4:55am Jun 20, 2008 4:55am
Quoting pipmac
could be a fakeout. good possiblilty
For the past 2 months, we have ranged 1.53-1.58 , what makes you think this month is any different?
  • #11,468
  • Jun 20, 2008 4:59am Jun 20, 2008 4:59am
Quoting Clouds
For the past 2 months, we have ranged 1.53-1.58 , what makes you think this month is any different?
dollar has been holding up really well. Euro is overbought. All i'm saying is that its a dangerous place to go long for those who are not long yet.
  • #11,469
  • Jun 20, 2008 5:01am Jun 20, 2008 5:01am
Quoting pipmac
dollar has been holding up really well. Euro is overbought. All i'm saying is that its a dangerous place to go long for those who are not long yet.
The Bank of England said they were going to raise interest rates possibly, that should drive it up to 1.7 if they do. Also, the dollar has not strengthened against the euro, it has only become 'as strong as the euro' meaning it isn't letting the euro gain on it, but it isn't gaining on the euro. If you want talk about the yen, well everything is gaining against it. Look at the AUD, it's been gaining on the dollar, just like it has been for several years. Whether or not , now is a good time to long or not, that's up to the trader..I just would not consider a short right now
  • #11,470
  • Jun 20, 2008 5:09am Jun 20, 2008 5:09am
Quoting Clouds
The Bank of England said they were going to raise interest rates possibly, that should drive it up to 1.7 if they do. Also, the dollar has not strengthened against the euro, it has only become 'as strong as the euro' meaning it isn't letting the euro gain on it, but it isn't gaining on the euro. If you want talk about the yen, well everything is gaining against it. Look at the AUD, it's been gaining on the dollar, just like it has been for several years. Whether or not , now is a good time to long or not, that's up to the trader..I just would not consider a short right now
I think I agree. I'm just a little worried about dollar intervention.
  • #11,471
  • Jun 20, 2008 5:11am Jun 20, 2008 5:11am
Quoting pipmac
I think I agree. I'm just a little worried about dollar intervention.
In the past they have done that with USD/JPY only.
  • #11,472
  • Jun 20, 2008 5:15am Jun 20, 2008 5:15am
Would anybody go short from 1.5610 area? still in long? till where?
  • #11,473
  • Jun 20, 2008 5:17am Jun 20, 2008 5:17am
Quoting Clouds
The Bank of England said they were going to raise interest rates possibly, that should drive it up to 1.7 if they do.
What does the UK interest rate have to do with this pair? Last I checked GB and EU had different currencies...
  • #11,474
  • Jun 20, 2008 5:18am Jun 20, 2008 5:18am
Today is doing what I was waiting to see yesterday, and yesterday has done what I was waiting to see today.

I have lost several shorts today, with several entries, only stick to one short waiting to see if my level will be broken.

This is catching a lot of fish today, and it is not to eat, so Monday will send it to trash!
  • #11,475
  • Jun 20, 2008 5:18am Jun 20, 2008 5:18am
Quoting Clouds
The Bank of England said they were going to raise interest rates possibly, that should drive it up to 1.7 if they do. Also, the dollar has not strengthened against the euro, it has only become 'as strong as the euro' meaning it isn't letting the euro gain on it, but it isn't gaining on the euro. If you want talk about the yen, well everything is gaining against it. Look at the AUD, it's been gaining on the dollar, just like it has been for several years. Whether or not , now is a good time to long or not, that's up to the trader..I just would not consider a short right now
Didn't mean the bank of england, I meant the bank who ever handles the euro.
  • #11,476
  • Jun 20, 2008 5:18am Jun 20, 2008 5:18am
Quoting Clouds
For the past 2 months, we have ranged 1.53-1.58 , what makes you think this month is any different?
i wouldnt believe in that argument - markets dont look at what happened in the past 2 months to decide what should be done today - and if history dictated the markets - there wouldnt be a market to trade
  • #11,477
  • Jun 20, 2008 5:19am Jun 20, 2008 5:19am
Quoting Subdude
What does the UK interest rate have to do with this pair? Last I checked GB and EU had different currencies...
Yeah, I meant other bank.
  • #11,478
  • Jun 20, 2008 5:19am Jun 20, 2008 5:19am
Quoting gmohata
i wouldnt believe in that argument - markets dont look at what happened in the past 2 months to decide what should be done today - and if history dictated the markets - there wouldnt be a market to trade
Ill be trading it, until it changes, the GBP/JPY was in a range 200-192 for a year in 05'.
  • #11,479
  • Jun 20, 2008 5:25am Jun 20, 2008 5:25am
Quoting Clouds
Ill be trading it, until it changes, the GBP/JPY was in a range 200-192 for a year in 05'.

The euro is very well supported by EMA's BUT i don't trust THE FED. Dollar is in a RED ZONE and i don't think they want to see it much lower.

So i'm just a little cautious about going long at this point.
  • #11,480
  • Jun 20, 2008 5:27am Jun 20, 2008 5:27am
Quoting pipmac
The euro is very well supported by EMA's BUT i don't trust THE FED. Dollar is in a RED ZONE and i don't think they want to see it much lower.

So i'm just a little cautious about going long at this point.
Unless you plan to hold for months on end, just use stop losses, and trade from highs to lows.
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