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  • #15,221
  • Jul 18, 2008 3:37am Jul 18, 2008 3:37am
Quoting samuel84
Not to contradict you, but I do think then we are heading lower, hopefully much lower than yesterday. I conclude this purely on studying the MA's.

But I may be wrong no doubt.
Pls back up your statement with reasons? If MA's is all u need then a lot of people would of been successful by now..
  • #15,222
  • Jul 18, 2008 3:42am Jul 18, 2008 3:42am
ok boys,, I'm out for a nice scalp..

cheers..
  • #15,223
  • Jul 18, 2008 3:43am Jul 18, 2008 3:43am
Quoting sirxl
samuel84, what MA do you look at ?
I am keeping my eyes on the 19,39,100 and 200 MA.
9,14,26,55,100,200
  • #15,224
  • Jul 18, 2008 3:46am Jul 18, 2008 3:46am
Quoting HarshFX
Pls back up your statement with reasons? If MA's is all u need then a lot of people would of been successful by now..
try to go back a few pages, about 12 ++ hours ago i posted my chart to show wat i speak of tht time and right now too.

but still i may be wrong, so do not take my words 100%.

I took the short train from 1.5890 more than 12 hrs ago to 1.5805 and i am doing it again today..all based on pure MA with a pinch of Fibo too.

Anyway, for your info, MA's are good in fact to follow, but many aren't successful in using it because they are driven by greed.
  • #15,225
  • Jul 18, 2008 3:47am Jul 18, 2008 3:47am
Quoting MaZae
Subdude, at what hour is expected that news release? and which values are expected. (i.e; previous, concensus, actual as for ec. calendar)

i'd appreciate your answer, thanks
13:30 GMT. For estimates, see this: http://finance.yahoo.com/q/ae?s=C

I myself am way too long USD/JPY and currently sitting out a drawdown, and this one can really upset the weekend...
  • #15,226
  • Jul 18, 2008 3:50am Jul 18, 2008 3:50am
Quoting samuel84
try to go back a few pages, about 12 ++ hours ago i posted my chart to show wat i speak of tht time and right now too.

but still i may be wrong, so do not take my words 100%.

I took the short train from 1.5890 more than 12 hrs ago to 1.5805 and i am doing it again today..all based on pure MA with a pinch of Fibo too.

Anyway, for your info, MA's are good in fact to follow, but many aren't successful in using it because they are driven by greed.
if eur trade balance goes bad (as expected) ill agree with you about this pair not getting higher... at least for today
... /$ -> LONG
  • #15,227
  • Jul 18, 2008 4:01am Jul 18, 2008 4:01am
-1.5 b
  • #15,228
  • Jul 18, 2008 4:06am Jul 18, 2008 4:06am
Morning all,

First bank to come out with reversal opinion...

0852 GMT [Dow Jones] EUR/USD's failure to follow through on the break above 1.6018 leads to a sharp decline, taking out supports at 1.5941 and 1.5885 and is first evidence that the uptrend has been exhausted, says ABN Amro. Now trades at 1.5860. The bank says trade below hourly trendline support at 1.5784 would deliver further evidence and a challenge of key support at 1.5501 and 1.5436. To recapture a positive bias, EUR/USD needs an hourly close above Fibonacci resistance at 1.5978 says the bank.
  • #15,229
  • Jul 18, 2008 4:11am Jul 18, 2008 4:11am
A close of this 1 hour bar above 1.5885 will negate my bearish bias for this pair, and will say tht it is heading for 1.589 to break it and take on net resistance at 1.594
  • #15,230
  • Jul 18, 2008 4:21am Jul 18, 2008 4:21am
Quoting Shadowfx
Morning all,

First bank to come out with reversal opinion...

0852 GMT [Dow Jones] EUR/USD's failure to follow through on the break above 1.6018 leads to a sharp decline, taking out supports at 1.5941 and 1.5885 and is first evidence that the uptrend has been exhausted, says ABN Amro. Now trades at 1.5860. The bank says trade below hourly trendline support at 1.5784 would deliver further evidence and a challenge of key support at 1.5501 and 1.5436. To recapture a positive bias, EUR/USD needs an hourly close above Fibonacci resistance at 1.5978 says the bank.
I tend to agree with this, since the new high of 1.6037, EUR has bounced back..true..but has continuously failed to break the new main D & 4H UTL.

UTL now @1.588, cant see it to be broken without further main events and in its current trend....unless OIL recovers...

I'm short with a close eye on citigroup estimates and oil

Just my 2 cents....
  • #15,231
  • Jul 18, 2008 4:30am Jul 18, 2008 4:30am
Just sell all those rallies..any time soon we are gonna break to south atleast to 1.5500
  • #15,232
  • Jul 18, 2008 4:39am Jul 18, 2008 4:39am
Im a bull!

Slowly it will go up and up and up.

Above 1.5900 within 3 hours.
  • #15,233
  • Jul 18, 2008 4:43am Jul 18, 2008 4:43am
Quoting uncleforex
Im a bull!

Slowly it will go up and up and up.

Above 1.5900 within 3 hours.
Is fiber a one-way train? Have you ever gone short with this pair? It dropped 200 pips after it hit record at 1.6034.
Expected the unexpected
  • #15,234
  • Jul 18, 2008 4:45am Jul 18, 2008 4:45am
Quoting scyang
Is fiber a one-way train? Have you ever gone short with this pair? It dropped 200 pips after it hit record at 1.6034.
Yeah I know, it could very well went straight to 1.6200 too.

My opinion is, its better to go long than short at these levels.
  • #15,235
  • Jul 18, 2008 4:49am Jul 18, 2008 4:49am
Quoting jameesnior1
we dropped 700pips in 2 weeks , you think 400 more in 2 months with bad euro news and improved US news is hard. I making my call now , end of June, euro back down to 1.49.

Techs won't give you that forecasting.Fundies all the way(and not a red news item here, more overall economic picture)
Just had to dig this one up for all to ridicule!
  • #15,236
  • Jul 18, 2008 4:50am Jul 18, 2008 4:50am
Quoting Subdude
Just had to dig this one up for all to ridicule!

Cool
  • #15,237
  • Jul 18, 2008 4:56am Jul 18, 2008 4:56am
Quoting uncleforex
Yeah I know, it could very well went straight to 1.6200 too.

My opinion is, its better to go long than short at these levels.
Hi I respect your opinion and sometimes very daring forecast..., though I don't tend to agree with this one...

Just a question on the sideline, since you are from Malaysia, what do they prefer over there for the country...a strong or a weak dollar?
  • #15,238
  • Jul 18, 2008 4:59am Jul 18, 2008 4:59am
Ok,, I'm switching to the downside now,,
  • #15,239
  • Jul 18, 2008 5:02am Jul 18, 2008 5:02am
I think it is a good time to sell now...
  • #15,240
  • Jul 18, 2008 5:04am Jul 18, 2008 5:04am
Macd is pointing down and the 4hr macd might not cross for for what it feels.. ..
GL people,, I short it at 70
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