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EURUSD

  • #16,041
  • Jul 24, 2008 11:35am Jul 24, 2008 11:35am
Quoting FXCapitalist
lat.
Volo EGO.

eng.
'I wish I did.'

it's called rosetta stone. =]
great!
  • #16,042
  • Jul 24, 2008 11:36am Jul 24, 2008 11:36am
can someone please explain to he how the hell the usd is so strong against the eur today with the dow down 200pts, oil up, and the usd getting slammed by the jpy!! UNREAL!!! im glad i closed out my 200pip gain before all this garbage started!!
  • #16,043
  • Jul 24, 2008 11:37am Jul 24, 2008 11:37am
Quoting FedForex
great!
Latin is a hobby for me I always wanted to learn how to speak it. Maybe I'll put it to the test when I take a visit to Vatican City since that's the primary language there. =] I'm ready to get schooled.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,044
  • Jul 24, 2008 11:38am Jul 24, 2008 11:38am
Quoting sourotrayda
can someone please explain to he how the hell the usd is so strong against the eur today with the dow down 200pts, oil up, and the usd getting slammed by the jpy!! UNREAL!!! im glad i closed out my 200pip gain before all this garbage started!!
@#$% happens
  • #16,045
  • Jul 24, 2008 11:39am Jul 24, 2008 11:39am
Quoting sourotrayda
can someone please explain to he how the hell the usd is so strong against the eur today with the dow down 200pts, oil up, and the usd getting slammed by the jpy!! UNREAL!!! im glad i closed out my 200pip gain before all this garbage started!!
Relax. If there's one thing that's for sure about the markets is that nothing is forsure. I dont look at news much. I just act on the charts. and the chart tells me more of a down move to come.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,046
  • Jul 24, 2008 11:40am Jul 24, 2008 11:40am
Quoting Donyouth4eva
@#$% happens
aye. I dont like ibfx charging me or anyone for that matter. I still mail in checks, I can wait. =]
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,047
  • Jul 24, 2008 11:41am Jul 24, 2008 11:41am
i think the bankers are drunk today. that would expalin a lot!!
  • #16,048
  • Jul 24, 2008 11:41am Jul 24, 2008 11:41am
Poor housing news this morning out of the US should have sent the EURO blasting off to new highs... so I'm told.

Well - the news was bad. Existing home sales dropped over 2%... the worst in a decade and the best EUR could do was a notch above .5700?

Why?

The price action is telling us larger funds are paring back longs... and when they do that they are looking to get short.

I stood on my soap box last night and warned fellow traders a strong dollar is on the way.

I'll say it again. The EUR should bounce here at .5625. (July 7 Low)

If it does hold and it's looking like it will... the first fib level around .5750 will be sold.

If the current level breaks down... .5500 is a likely candidate for the next level of support.
  • #16,049
  • Jul 24, 2008 11:46am Jul 24, 2008 11:46am
Quoting FXCapitalist
Latin is a hobby for me I always wanted to learn how to speak it. Maybe I'll put it to the test when I take a visit to Vatican City since that's the primary language there. =] I'm ready to get schooled.
it's the primary language only in Catholic Church... but It's useful only to read scripts on monuments and museums
I think it's better to study italian if you want to come in Italy
  • #16,050
  • Jul 24, 2008 11:46am Jul 24, 2008 11:46am
market reaction says the euro is plain overvalued and overextended. but then again that's just my opinion, right for me, wrong for all. Unless the market says otherwise. Could it possibly form a cup handle formation. hmmm the slope is gradually decreasing so it's not out of the question so time will tell.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,051
  • Jul 24, 2008 11:47am Jul 24, 2008 11:47am
Quoting FedForex
it's the primary language only in Catholic Church... but It's useful only to read scripts on monuments and museums
I think it's better to study italian if you want to come in Italy
well I want to visit the vatican anyway. just because. Visiting italy ill just speak english. or maybe take some italian lessons since it's a derivative anyways of all these romance languages.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,052
  • Jul 24, 2008 11:50am Jul 24, 2008 11:50am
Quoting acumen
Poor housing news this morning out of the US should have sent the EURO blasting off to new highs... so I'm told.

Well - the news was bad. Existing home sales dropped over 2%... the worst in a decade and the best EUR could do was a notch above .5700?

Why?

The price action is telling us larger funds are paring back longs... and when they do that they are looking to get short.

I stood on my soap box last night and warned fellow traders a strong dollar is on the way.

I'll say it again. The EUR should bounce here at .5625. (July 7 Low)

If it does hold and it's looking like it will... the first fib level around .5750 will be sold.

If the current level breaks down... .5500 is a likely candidate for the next level of support.

i got in at 1.5800 and set my charts with a south move finishing around 1.5580-1.5550. like i said before i cant take it anymore so i closed out with 200 pips and just wanna watch and see if its gonna hit that range. now that i closed my trade it prob will 4 sure!!
  • #16,053
  • Jul 24, 2008 11:55am Jul 24, 2008 11:55am
Quoting sourotrayda
i got in at 1.5800 and set my charts with a south move finishing around 1.5580-1.5550. like i said before i cant take it anymore so i closed out with 200 pips and just wanna watch and see if its gonna hit that range. now that i closed my trade it prob will 4 sure!!
so you made 200 pips what's wrong with that. no offense but please burn your emotions and throw it out of the window. That's how I learned. A long time ago but I never forget it.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,054
  • Jul 24, 2008 12:01pm Jul 24, 2008 12:01pm
Quoting sourotrayda
i got in at 1.5800 and set my charts with a south move finishing around 1.5580-1.5550. like i said before i cant take it anymore so i closed out with 200 pips and just wanna watch and see if its gonna hit that range. now that i closed my trade it prob will 4 sure!!
200 PIPS is nice profit.

You can always sell after the bounce... if we get one.
  • #16,055
  • Jul 24, 2008 12:05pm Jul 24, 2008 12:05pm
The bounce will come. Nigerian rebels will blow the oil pumps, Russians are increasing taxes, new hurricane will come to US coasts...Oil won't stay down for a long and once it goes up, everyone will start remembering that US is in deeeeep recession and EU will rise back.

At least it's the idea I'm building up now and i'm pretty much convinced I need to enter EUR/USD aiming for 1,5900+

But will stick around to see what happens with 1,5611 support till tomorrows US news releases...

In any case, tomorrow might be a nice turning point for this pair
  • #16,056
  • Jul 24, 2008 12:06pm Jul 24, 2008 12:06pm
Quoting acumen
200 PIPS is nice profit.

You can always sell after the bounce... if we get one.
we will, a price failure to make new highs will continue lower.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,057
  • Jul 24, 2008 12:26pm Jul 24, 2008 12:26pm
Quoting Shadowfx
Partial Profit at 1.565 (Support) , still my main target is 1.563 Monthly Pivot

Just my 2 cents...
Always nice to return in the confidence T1 at 1.565 & T2 at 1.563 been reached and TP been collected...

See there's a healthy discussion going on with a complete Bulls team scratching heads...why..why..why..doesn't it retrace?

I'm for sure not the almighty who knows it all...but I do have an economical background, combined with many years of both stock & forex experience.

I've already explained in previous posts why imo EUR didn't break 1.6 again..technically it could have with ease...
Now it does not retrace at normal technical expectation levels...makes you think doesn't it...

I'm to tired today to go into full detail...but here's something to think about..

This correctional move is made in consensus..both USA & Europe need to stabilize the EUR & USD..it has mutual benefits.
Its backed up worldwide by central banks including Asia
Its backed up by large investment & hedge funds

If you think its a coincidence Oil has dropped (corrected) so much...you live in a dream world..imo..

Even the DJI dropping today...is "forgiven"...

Finally ask yourself the question...who moves the markets and sets directions...once you figure that one out...the total picture might become a lot more clear...

Still bearish...I'll post my arguments tomorrow at London Open

As always Just my 2 cents...
  • #16,058
  • Jul 24, 2008 12:33pm Jul 24, 2008 12:33pm
Quoting Shadowfx
Always nice to return in the confidence T1 at 1.565 & T2 at 1.563 been reached and TP been collected...

See there's a healthy discussion going on with a complete Bulls team scratching heads...why..why..why..doesn't it retrace?

I'm for sure not the almighty who knows it all...but I do have an economical background, combined with many years of both stock & forex experience.

I've already explained in previous posts why imo EUR didn't break 1.6 again..technically it could have with ease...
Now it does not retrace at normal technical expectation levels...makes you think doesn't it...

I'm to tired today to go into full detail...but here's something to think about..

This correctional move is made in consensus..both USA & Europe need to stabilize the EUR & USD..it has mutual benefits.
Its backed up worldwide by central banks including Asia
Its backed up by large investment & hedge funds

If you think its a coincidence Oil has dropped (corrected) so much...you live in a dream world..imo..

Even the DJI dropping today...is "forgiven"...

Finally ask yourself the question...who moves the markets and sets directions...once you figure that one out...the total picture might become a lot more clear...

Still bearish...I'll post my arguments tomorrow at London Open

As always Just my 2 cents...
amen to that
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"Diversification is an excuse for a lack of talent" ~FXC
  • #16,059
  • Jul 24, 2008 12:33pm Jul 24, 2008 12:33pm
Quoting Shadowfx
As always Just my 2 cents...
I like this line very much..imho
  • #16,060
  • Jul 24, 2008 12:36pm Jul 24, 2008 12:36pm
Quoting Shadowfx
Finally ask yourself the question...who moves the markets and sets directions...once you figure that one out...the total picture might become a lot more clear...


As always Just my 2 cents...
You also become richer too!

Well written my friend.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
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