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  • #11,961
  • Jun 25, 2008 1:59pm Jun 25, 2008 1:59pm
Quoting FXCapitalist
My random target is ~1.5840 high of 6/9/08. TP and Short from there.
not tooo high..?
  • #11,962
  • Jun 25, 2008 2:01pm Jun 25, 2008 2:01pm
Quoting arni
not tooo high..?
nope, that's when NFP peaked. why not? we have a week or 2 till the next NFP report.
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,963
  • Jun 25, 2008 2:05pm Jun 25, 2008 2:05pm
buy on the retrace? hmmm i bought one visually.
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,964
  • Jun 25, 2008 2:07pm Jun 25, 2008 2:07pm
Quoting FXCapitalist
nope, that's when NFP peaked. why not? we have a week or 2 till the next NFP report.
well, I think it will go down earlier ...... FED communicate was not bad, rates unchaged, but inflation risk ..... I think it's little suggestion that the rates can be high ...... maybe I wrong, but the market need to digest today informations....
  • #11,965
  • Jun 25, 2008 2:10pm Jun 25, 2008 2:10pm
R3 1.5756


i'll get that dunkin after market close.
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"Diversification is an excuse for a lack of talent" ~FXC
  • #11,966
  • Jun 25, 2008 2:12pm Jun 25, 2008 2:12pm
My XLF jumped 1.3% w00t
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,967
  • Jun 25, 2008 2:19pm Jun 25, 2008 2:19pm
DeMark At it's finest.
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"Diversification is an excuse for a lack of talent" ~FXC
  • #11,968
  • Jun 25, 2008 2:20pm Jun 25, 2008 2:20pm
Quoting atif

Since yesterday, I have read and watched tons of news about FED rate decesion.

What I have found that, no one has any clear idea what Fed might do but one thing for sure that they will not raise rate but they will be little hawkish about inflation but will be very cautious of giving any indication of any rate hike in this current market situation. They will put a watchful eyes on going forward.

In my opinion, this kind of statement will rally Stock Market but will take dollar down.

What you guys think?
AS EXPECTED. DOLLAR DOWN & EURO UP...
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  • #11,969
  • Jun 25, 2008 2:28pm Jun 25, 2008 2:28pm
Quoting atif
AS EXPECTED. DOLLAR DOWN & EURO UP...
FXCapitalist, whats your opinion on this. As we speak the rate for EUR/USD is 1.5682, Do you think that the rate will go down to around 1.5650 before it strikes up again?
  • #11,970
  • Jun 25, 2008 2:36pm Jun 25, 2008 2:36pm
Quoting Godzgreatgif
FXCapitalist, whats your opinion on this. As we speak the rate for EUR/USD is 1.5682, Do you think that the rate will go down to around 1.5650 before it strikes up again?
no it should close up around 1.5680 trading volume vanished if anything. pre asia and tokyo session it might drift down 15 points but overall trend is up.
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,971
  • Jun 25, 2008 2:37pm Jun 25, 2008 2:37pm
trend line is at 5750,,
  • #11,972
  • Jun 25, 2008 2:38pm Jun 25, 2008 2:38pm
Take a butchers at this Gartley pattern (Bearish Butterfly) for the EU 4 hr chart. the 1 hr is similar which is ominous.
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  • #11,973
  • Jun 25, 2008 2:39pm Jun 25, 2008 2:39pm
I'm only focusing on the eur/usd looking at any other pairs trying to find correlation with less weighted pairs throws off my concentration. besides this is the focus of the currency world the seemingly endless battle of the euro dollar, everyone expecting and waiting for the dollar to regain strength. etc.

yes euro is up, till when? we'll see tonight.
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,974
  • Jun 25, 2008 2:39pm Jun 25, 2008 2:39pm
I'm speak english bad, sorry.

Where until go Eur/Usd 1.5700 ? 1,5750 ? 1,5800
  • #11,975
  • Jun 25, 2008 2:40pm Jun 25, 2008 2:40pm
Quoting FXCapitalist
no it should close up around 1.5680 trading volume vanished if anything. pre asia and tokyo session it might drift down 15 points but overall trend is up.
So your prediction is that it may drop around 1.5655 or so but then shoot back up?
  • #11,976
  • Jun 25, 2008 2:52pm Jun 25, 2008 2:52pm
Quoting Godzgreatgif
So your prediction is that it may drop around 1.5655 or so but then shoot back up?
short-term, it can go up, down to 5570 and back up, its anyone's guess.... but if you just wait, it will go up to 5800 and above by friday.
  • #11,977
  • Jun 25, 2008 3:01pm Jun 25, 2008 3:01pm
Quoting Godzgreatgif
So your prediction is that it may drop around 1.5655 or so but then shoot back up?
it can go either way you can fade it when you see the open candle @ 5pm est have 2 OCO's 15 pips up and pips down from the candle closing price, 1 sell limit 15 pips up with a SL of 15 and tp @ the opening candle, this is due to the tendency of the market to drift at these times. for the EUR/USD to move over 30 pips in tha 2 hr dead session is very rare, do the same with the buy limit 15 pips below the candle closing price after 5pm, sl 15 pips down and tp 15 pips up, it is imperative that you do this 5 minutes after @ 505EST to avoid unecessarily being charged the swap rate at the settlement period at that time.

so here's an example

500PM EST

eur/usd closed at 1.5670 @ 505 so you have a sell limit @ 1.5685 stop loss at 1.5700 TP @ 1.5670 on the other way around you have a buy limit at 1.5655, SL at 1.5640, tp @ 1.5670

make sure both orders are OCO and expire by 7PM EST if they haven't been triggered yet because when asia open this fade technique is invalid at the new current market conditions.




*this is for educational purposes only, consult your financial advisor blah blah blah*
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,978
  • Jun 25, 2008 3:13pm Jun 25, 2008 3:13pm
i
Quote
t can go either way you can fade it when you see the open candle @ 5pm est have 2 OCO's 15 pips up and pips down from the candle closing price, 1 sell limit 15 pips up with a SL of 15 and tp @ the opening candle, this is due to the tendency of the market to drift at these times. for the EUR/USD to move over 30 pips in tha 2 hr dead session is very rare, do the same with the buy limit 15 pips below the candle closing price after 5pm, sl 15 pips down and tp 15 pips up, it is imperative that you do this 5 minutes after @ 505EST to avoid unecessarily being charged the swap rate at the settlement period at that time.

I agree, i do something very simular.

Quote
but if you just wait, it will go up to 5800 and above by friday.

that would work for me Friday may be a bit too early, but its certainly possible for next week.

Cheers
  • #11,979
  • Jun 25, 2008 3:22pm Jun 25, 2008 3:22pm
Quoting Optimum
I'm speak english bad, sorry.

Where until go Eur/Usd 1.5700 ? 1,5750 ? 1,5800
(SP) No te preocupes, creo que en el muy corto plazo volverá a testear el nivel 1.5650.

I think we'll see a retracement to 1.5650 in the very short term.
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  • #11,980
  • Jun 25, 2008 3:23pm Jun 25, 2008 3:23pm
Well, I think when the europe market will open the EUR/USD will go down..... europe always interpeting different communicates then US ...... see on 30Apr/1May ..... was the same situations...... after FOMC go up....... 8.00 London time, go down ...
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