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EURUSD

  • #13,541
  • Jul 8, 2008 8:18am Jul 8, 2008 8:18am
Quoting CTGUY
Twice as many sellers than buyers this hour.
It is good for the dollar or the Euro?
My English is Bad... Sorry Mi Espaņol es Bueno
  • #13,542
  • Edited 8:54am Jul 8, 2008 8:23am | Edited 8:54am
Quoting SpanishPip
It is good for the dollar or the Euro?
Maybe a repeat of the last news 85 min ago.
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"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #13,543
  • Jul 8, 2008 9:09am Jul 8, 2008 9:09am
Quoting CTGUY
Maybe a repeat of the last news 85 min ago.
What is indicator the corner of down?
My English is Bad... Sorry Mi Espaņol es Bueno
  • #13,544
  • Jul 8, 2008 9:09am Jul 8, 2008 9:09am
Today we have bad data from US House market. In my opinion it's good time for long position. Technical on day chart we have good situations for long trade.
  • #13,545
  • Jul 8, 2008 9:14am Jul 8, 2008 9:14am
Quoting marius09
Today we have bad data from US House market. In my opinion it's good time for long position. Technical on day chart we have good situations for long trade.

But what is happenning? Is it as a result of the bad data or the market trend?
  • #13,546
  • Jul 8, 2008 9:21am Jul 8, 2008 9:21am
follow the trend till it's end....
  • #13,547
  • Jul 8, 2008 9:22am Jul 8, 2008 9:22am
Technically, the last 4 candles were all supported by the 100 ema on the 4hr TF. The question is will it hold this time?
  • #13,548
  • Jul 8, 2008 9:47am Jul 8, 2008 9:47am
"But what is happenning? Is it as a result of the bad data or the market trend?"


Both think show long position in my opinion. I make long position.
  • #13,549
  • Jul 8, 2008 10:10am Jul 8, 2008 10:10am
But oil is going down a lot today.

However Dow Jones Index didnt go up much. Hrrm.
  • #13,550
  • Jul 8, 2008 10:12am Jul 8, 2008 10:12am
As you can see in this chart posted some days ago, price stopped at 1.5752, 50% Fib from 1.5910/1.5605, So Correction B maybe it is completed.
BEWARE LONGS.

Price could break today 1.5650 and next stop it is 1.5500 to start thinking in longs again.
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  • #13,551
  • Jul 8, 2008 10:21am Jul 8, 2008 10:21am
  • #13,552
  • Jul 8, 2008 10:43am Jul 8, 2008 10:43am
Looks like stops got taken out below the channel.
  • #13,553
  • Jul 8, 2008 10:46am Jul 8, 2008 10:46am
ill try this ; long 5650, tp 5800
  • #13,554
  • Jul 8, 2008 10:46am Jul 8, 2008 10:46am
Gold is making a nice bounce on the 1hr charts and if it holds this should create a base for the EU.
  • #13,555
  • Jul 8, 2008 10:51am Jul 8, 2008 10:51am
Quoting Clouds
ill try this ; long 5650, tp 5800
Luck!!!
My English is Bad... Sorry Mi Espaņol es Bueno
  • #13,556
  • Jul 8, 2008 10:56am Jul 8, 2008 10:56am
Quoting SpanishPip
What is indicator the corner of down?
Must turn on your PM then send me a message if you would.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #13,557
  • Jul 8, 2008 10:58am Jul 8, 2008 10:58am
Quoting Clouds
ill try this ; long 5650, tp 5800
Or I hope you had already closed for a nice 12 pips!
  • #13,558
  • Jul 8, 2008 10:58am Jul 8, 2008 10:58am
Quoting Tradester
You need to host a webinar
I should some of my colleagues say I'm freakin crazy ina good way. Not like Cramer though, he's just a source of a massive loss of wealth.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,559
  • Jul 8, 2008 11:02am Jul 8, 2008 11:02am
Quoting magictrader
Possible harmonic XABCD pattern. It could be safe to place sell stop order below point B.
Man that geometric technical analysis is a work of art. I love that stuff.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,560
  • Jul 8, 2008 11:03am Jul 8, 2008 11:03am
Quoting BoredToLoose
Or I hope you had already closed for a nice 12 pips!
possible channel
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