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EURUSD

  • #12,501
  • Jun 30, 2008 3:18am Jun 30, 2008 3:18am
Just hit 5820.

Somewhere, someone just lost his shirt because of this. Glad I'm not it.
Not all sins are created equal
  • #12,502
  • Jun 30, 2008 3:21am Jun 30, 2008 3:21am
Quoting Clouds
No. We are at a TOP with EU, 1.6 was, and we can possibly go to 1.62, but not higher! Can go down to 1.35 and still be in an up trend. Wait, I'll show chart. Just my opinion, but if you draw lines in GU also, you'll see why we had a sell off at 2.10.
Attachment
I feel E/U to 2.0 would be something catastrophic in relation of that even happening.
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,503
  • Jun 30, 2008 3:22am Jun 30, 2008 3:22am
Quoting FXCapitalist
I feel E/U to 2.0 would be something catastrophic in relation of that even happening.
In 5 years maybe, but it's not in the charts for this year.
  • #12,504
  • Jun 30, 2008 3:26am Jun 30, 2008 3:26am
Here comes a mini retrace of the E/J
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,505
  • Jun 30, 2008 3:28am Jun 30, 2008 3:28am
Quoting FXCapitalist
Here comes a mini retrace of the E/J
When UJ was at 108, I said I expect it to go down to 105 and resume uptrend, it bounced hard off 105, but I don't know....
  • #12,506
  • Jun 30, 2008 3:31am Jun 30, 2008 3:31am
I'm just pinching on what EU is giving me...

Let's see what EU can do... could be still playing hide and seek for a couple more weeks...
Chances favour the prepared.
  • #12,507
  • Jun 30, 2008 3:35am Jun 30, 2008 3:35am
Quoting FXCapitalist
Here comes a mini retrace of the E/J
Wherer do you recommend a short?
  • #12,508
  • Jun 30, 2008 3:47am Jun 30, 2008 3:47am
Quoting pipmac
Wherer do you recommend a short?
next hourly candle, i took profits on this position and im looking for a new entry.
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,509
  • Jun 30, 2008 3:49am Jun 30, 2008 3:49am
166.74 seems like a good number.
  • #12,510
  • Jun 30, 2008 3:50am Jun 30, 2008 3:50am
[quote=atif;2082235]
Quoting Clouds
Nobody knows if it will push through 5800 with or without the news. I'm currently short for minimum 100 pips,

I am not sure about shorting at this point.
If CPI for Euro at 5.00am come above 3.9 then it will break 1.58 easily with the high expectation for rate hike.
So, currently I am waiting to see that report to make my decesion.
My guess, investor will push it higher until the ECB rate decesion and Trichet speech.
After that it will be like sell on the news.
I am standing beside my comment.
Gold up, Oil up don't miss the ride.
{Promotion Removed}
  • #12,511
  • Jun 30, 2008 3:52am Jun 30, 2008 3:52am
Ok, EJ shorters, I'm now long, hoping to catch the bottom.
  • #12,512
  • Jun 30, 2008 3:54am Jun 30, 2008 3:54am
Quoting Clouds
Ok, EJ shorters, I'm now long, hoping to catch the bottom.
Can i ask y you want to go against the trend??
  • #12,513
  • Jun 30, 2008 3:57am Jun 30, 2008 3:57am
[quote=atif;2082711]
Quoting atif

I am standing beside my comment.
Gold up, Oil up don't miss the ride.
Gold and Oil are up because EU is up, when EU goes down, Gold and Oil will be down.
  • #12,514
  • Jun 30, 2008 3:58am Jun 30, 2008 3:58am
Quoting Clouds
Ok, EJ shorters, I'm now long, hoping to catch the bottom.
allright i got my strangle on.
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,515
  • Jun 30, 2008 4:00am Jun 30, 2008 4:00am
Quoting pipmac
Can i ask y you want to go against the trend??
What time frame do you use to determine trend?
  • #12,516
  • Jun 30, 2008 4:02am Jun 30, 2008 4:02am
Long
  • #12,517
  • Jun 30, 2008 4:07am Jun 30, 2008 4:07am
Quoting Clouds
What time frame do you use to determine trend?
5M and 15M is stilll down it could go lower....
  • #12,518
  • Jun 30, 2008 4:07am Jun 30, 2008 4:07am
Quoting Clouds
What time frame do you use to determine trend?
i think he determines it short term, under an hour.
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,519
  • Jun 30, 2008 4:09am Jun 30, 2008 4:09am
IF RSI breaks over 60 then I will say it's a reversal, but if it bounces I'm short again. needless to say it has a long way to go. EJ that is
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,520
  • Jun 30, 2008 4:10am Jun 30, 2008 4:10am
Short at 166.80ish it might make a new low it might not...it seems to have a lot of strength.
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