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  • #18,361
  • Aug 7, 2008 7:44pm Aug 7, 2008 7:44pm
Seems to me (a newbie) that many people here are searching for the bottom, trying to get it right on the dot. For me I would rather see this continue trending down and down and down. It makes it easier to predict a few pips here and there, and my local currency is more valauble...Win-Win in my opinion.
  • #18,362
  • Aug 7, 2008 7:45pm Aug 7, 2008 7:45pm
Quoting Warren Forex
00:14 EUR/USD: Stops Below 1.5280 Triggered As Well Sydney, August 8: The EUR/USD was walloped down to 1.5244 after stops below support at 1.5280 were triggered and there is no bounce. The key 200-day MA is major support at 1.5225 and suddenly it isn"t that far away. The EUR/USD has not been below the 200-day MA since March 2006 so it is a major level. The EUR/USD trades 1.5263/68. -- [email protected]
It Looks Like Bottom Is Solid at 1.5225

Further Update !!!



After stalling at 1.5500 the pairing collapsed through 1.5285 in Asia and we sold the break for 1.5000. The stop is tight due to the fact that the daily RSI at its lowest level since June 2005 and the slow stochastic since Jan 97, so a period of consolidation is due. Weekly charts suggest a massive double-top at 1.6020/35.
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  • #18,363
  • Aug 7, 2008 7:46pm Aug 7, 2008 7:46pm
Quoting Doniboy
Seems to me (a newbie) that many people here are searching for the bottom, trying to get it right on the dot. For me I would rather see this continue trending down and down and down. It makes it easier to predict a few pips here and there, and my local currency is more valauble...Win-Win in my opinion.
Ah a new trade who may survive in this market. Smart thinking on your part
Greed Kills
  • #18,364
  • Aug 7, 2008 7:52pm Aug 7, 2008 7:52pm
Quoting Clouds
We are going to 1.44 in next few hours.
clouds 1.5000 is strong possibility
  • #18,365
  • Aug 7, 2008 7:53pm Aug 7, 2008 7:53pm
Wow asian market push this baby down oh... well anyway just going to watch Olympics and watch the fireworks!!
  • #18,366
  • Aug 7, 2008 7:54pm Aug 7, 2008 7:54pm
Juz a simple way for me. I didn't take any trade due to I really dunno what is happening. Miss out the pips, but also safe myself from risk exposure.

Even right now, I wont be taking a single entry, trendline broken??? Ya I guess, But who knows what happen next. We juz small fish.... I waiting and see, still not a clear sky for me yet...
  • #18,367
  • Aug 7, 2008 7:55pm Aug 7, 2008 7:55pm
This morrning we took Short since 1.5500 and now took 1/2 profit at 1.5240,,,,,,,,,same time we bouth same 1/2 with stops at 1.5190. Now in headging our 1/2. No stops for Shorts.See you tommorow.Thank you for cooperation.
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  • #18,368
  • Aug 7, 2008 7:56pm Aug 7, 2008 7:56pm
Quoting hussin naiji
clouds 1.5000 is strong possibility
and a pyschological support level
  • #18,369
  • Aug 7, 2008 7:57pm Aug 7, 2008 7:57pm
Quoting Pyramus
Wow asian market push this baby down oh... well anyway just going to watch Olympics and watch the fireworks!!
I hope Korea will also go underwater with Japan, they are also giulty for euro down
  • #18,370
  • Aug 7, 2008 7:58pm Aug 7, 2008 7:58pm
Support, schmupport... look at the other pairs - it's not just the euro, EVERY major is getting killed by the $. Nothing special about this pair.
  • #18,371
  • Aug 7, 2008 8:02pm Aug 7, 2008 8:02pm
Quoting Subdude
Support, schmupport... look at the other pairs - it's not just the euro, EVERY major is getting killed by the $. Nothing special about this pair.
right, world crysis
I see now a great fucking smile on all forex brokers' faces today because of this euro down! I wish I could smash their all fucking smiling faces at once! I just hate brokers!
  • #18,372
  • Aug 7, 2008 8:02pm Aug 7, 2008 8:02pm
Quoting Shadowfx
Morning all,
Sometimes a picture tells you more then a thousand words...

Seldom seen a more beautiful example of two double top patterns in the EUR Daily chart...

I'm bearish..with a Target of min 1.54

As always..Just my 2 Cents...
Beyond my expectations...but never underestimate the power of a double top.. and the to come with it...wow what a great start of the new day...

Don't say you were not warned in time bulls....
  • #18,373
  • Aug 7, 2008 8:04pm Aug 7, 2008 8:04pm
Quoting videoman555
right, world crysis
I see now a great fucking smile on all forex brokers today because of this euro down! I wish I could smash their all fucking smiling faces at once! I just hate brokers!

Be calm bro, we stillhave the next day and thousand of next day waiting for us to trade.

Now I trying to accept EU is broken, and finding a new opportunities and spotting every whre of my chart.
  • #18,374
  • Aug 7, 2008 8:04pm Aug 7, 2008 8:04pm
Videoman, tomorrow is another day man. Try not to let it get to you too much.
  • #18,375
  • Aug 7, 2008 8:07pm Aug 7, 2008 8:07pm
Quoting videoman555
right, world crysis
I see now a great fucking smile on all forex brokers' faces today because of this euro down! I wish I could smash their all fucking smiling faces at once! I just hate brokers!
Brokers stand to benefit no matter what direction the pair takes - they're a neutral party here. I like to blame others for my losses too, but this drop is clearly not any broker's doing.
  • #18,376
  • Aug 7, 2008 8:07pm Aug 7, 2008 8:07pm
Quoting videoman555
right, world crysis
I see now a great fucking smile on all forex brokers' faces today because of this euro down! I wish I could smash their all fucking smiling faces at once! I just hate brokers!
...if u cant beat em, join em. lol
  • #18,377
  • Aug 7, 2008 8:09pm Aug 7, 2008 8:09pm
well i hope that most of the stops were triggered and most longs are out now. that might mean it would be a good time to buy. euro was too top heavy with buy and holds. the void was with selling and i think it got filled. supply demand thing. gl
  • #18,378
  • Aug 7, 2008 8:11pm Aug 7, 2008 8:11pm
Quoting videoman555
right, world crysis
I see now a great fucking smile on all forex brokers' faces today because of this euro down! I wish I could smash their all fucking smiling faces at once! I just hate brokers!
videoman555,

You should keep that kind of language to yourself. Profanity is a symptom of imaturity and lack of control.
Until you can control yourself, keep those kind of comments to yourself.

Best regards,

Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #18,379
  • Aug 7, 2008 8:13pm Aug 7, 2008 8:13pm
With Fannie's "earnings" to be released in the morning and after this huge correction, EU looks very tempting to get in long. There is nothing in the fundamentals to back this dollar rally, so far as I can see.
  • #18,380
  • Aug 7, 2008 8:14pm Aug 7, 2008 8:14pm
Find out who did it (better find out their web site)
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