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  • #15,101
  • Jul 17, 2008 10:28am Jul 17, 2008 10:28am
Quoting Shadowfx
Might get a bit chilly on your own at the top there...

Besides oil uncapping to be signed Friday morning, there are no major events scheduled for the USD on the calendar for today & tomorrow imo....

1.588 is the 4h UTL that needs to be broken for your target...

I'm short T1 at 1.58 - 1.576, T2 at 1.56

Just my 2 cents...
I closed my long,, now waiting for a test to the 1.58 level to buy again..


thanks for the insight
  • #15,102
  • Jul 17, 2008 10:28am Jul 17, 2008 10:28am
Diagram
Quoting MackS10
H & S pattern resistance. 4H.
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  • #15,103
  • Jul 17, 2008 10:28am Jul 17, 2008 10:28am
Quoting Clouds
Im short again, 5885, SL 5902 , Give up longs

17 pip stop loss not alot of room to let the trade breathe.
  • #15,104
  • Jul 17, 2008 10:29am Jul 17, 2008 10:29am
Quoting Clouds
i dont think so. /usd pairs are way over bought. /jpy pairs need some loving.
Smart..hmmm
Ganbatte
  • #15,105
  • Jul 17, 2008 10:29am Jul 17, 2008 10:29am
IMHO eur/usd is heading lower anytime soon.Reason?

simple...MA cross over..55sma(maroon) cross lower of 100sma(blue)

these crossovers are most of the time effective in tf m30 and h1.
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  • #15,106
  • Jul 17, 2008 10:30am Jul 17, 2008 10:30am
Quoting steelhead
17 pip stop loss not alot of room to let the trade breathe.
Well... 5902 would be bullish to me
  • #15,107
  • Jul 17, 2008 10:43am Jul 17, 2008 10:43am
Quoting Clouds
Well... 5902 would be bullish to me

so you are short but a 17 pip move on this pair would make you bullish? 17 pips is nothing clouds and doesnt change a trend.
  • #15,108
  • Jul 17, 2008 10:46am Jul 17, 2008 10:46am
it doesn't change an entire trend but could define the short term... and at the moment, he showes that he made the right decision
  • #15,109
  • Jul 17, 2008 10:50am Jul 17, 2008 10:50am
Quoting steelhead
so you are short but a 17 pip move on this pair would make you bullish? 17 pips is nothing clouds and doesnt change a trend.
Imo what he tries to say is...if UTL at 1.588 would break and sustain it, which has not happened...then 1.5902 would be bullish...

London closing in 10 min, interesting to see if they close bullish or bearish...i.e. if we see EOD buys or sells coming in now
  • #15,110
  • Jul 17, 2008 10:50am Jul 17, 2008 10:50am
oil slowly dropping
  • #15,111
  • Jul 17, 2008 10:54am Jul 17, 2008 10:54am
1) 1.589 is getting strength as a resistance. i agree with MackS10

2) green numbers at today's economic calendar for USD (except for feds survey but very slightly)

3) DJ has been up for today, oil is down since tuesday (and broke daily support line)

4) the only "bad" news is that gold was down a lil bit but kept going up!

i keep expecting this pair to go down.. BUT i'm scared for those who are trying to go LONG. can i hear some of your reasons for going long, guys?

tnx!!
... /$ -> LONG
  • #15,112
  • Jul 17, 2008 10:54am Jul 17, 2008 10:54am
Quoting steelhead
so you are short but a 17 pip move on this pair would make you bullish? 17 pips is nothing clouds and doesnt change a trend.
For me, yes that would be bullish. I would not like to hold a short past 5900, too many orders come in at round numbers. We also have 2 SMA"s just below 5900. Btw, 17 pips is not nothing to me, I care about each one.
  • #15,113
  • Jul 17, 2008 10:58am Jul 17, 2008 10:58am
hurmmm.. i smell something at the south... i smell pipss..
~~{@ nOrMaL iS bORiNg @}~~
  • #15,114
  • Jul 17, 2008 11:00am Jul 17, 2008 11:00am
Quoting adzreenyp
hurmmm.. i smell something at the south... i smell pipss..
I smell u cooking sarimi ihihih
Ganbatte
  • #15,115
  • Jul 17, 2008 11:04am Jul 17, 2008 11:04am
..seems like a small bearish signal at London close..can be a nice indicator forecasting directions...just something I picked up over the years...don't go blind on this one, just a small confirmation for me there's no "urge" to push upwards...

Just my 2 cents...
  • #15,116
  • Jul 17, 2008 11:04am Jul 17, 2008 11:04am
It is officially SELL time people. SELL SELL SELL
There's always money in the banana stand.
  • #15,117
  • Jul 17, 2008 11:07am Jul 17, 2008 11:07am
Quoting Clouds
For me, yes that would be bullish. I would not like to hold a short past 5900, too many orders come in at round numbers. We also have 2 SMA"s just below 5900. Btw, 17 pips is not nothing to me, I care about each one.

Odd to me. Considering numbers and derivatives of price action over actual price action. Hmmm.
There's always money in the banana stand.
  • #15,118
  • Jul 17, 2008 11:15am Jul 17, 2008 11:15am
Quoting Shadowfx
Imo what he tries to say is...if UTL at 1.588 would break and sustain it, which has not happened...then 1.5902 would be bullish...

London closing in 10 min, interesting to see if they close bullish or bearish...i.e. if we see EOD buys or sells coming in now

10 minutes left in a sesion is not going to determine if a pair is bullish or bearish come on now. trends last longer than that.
  • #15,119
  • Jul 17, 2008 11:16am Jul 17, 2008 11:16am
Quoting LizardGizzard
It is officially SELL time people. SELL SELL SELL

U sounded like a Jim Cramer to me!!!


sonic
  • #15,120
  • Jul 17, 2008 11:18am Jul 17, 2008 11:18am
Ha. That's unfortunate, considering Jim Cramer's sleazy demeanor and poor track record.
There's always money in the banana stand.
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