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EURUSD

  • #18,621
  • Aug 8, 2008 7:53am Aug 8, 2008 7:53am
Quoting Algirdas
It's nice when market goe's fallow your direction, now wait until 10 am ET, and do not close Short positions since yesterday morning 1.5500
Kaip sekasi judeti?
  • #18,622
  • Aug 8, 2008 7:53am Aug 8, 2008 7:53am
Quoting Shadowfx
We have arrived at 1.506...1.505 the last and most important barrier IMO
Daily RSI at 20 which tells me we running out of steam...

This support is crucial, if it holds I'm long.
If it breaks...well that would even bring me out of my comfort zone...

As always...Just my 2 Cents...
If It Goes Below 1.5025 All Bets Are Off !!!

It Is Holding above 1.5050 now

I am long already however a Long might be an excellent Risk Reward Trade now...
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  • #18,623
  • Aug 8, 2008 7:55am Aug 8, 2008 7:55am
Quoting Russell
This is amazing. I just woke up to +260 pips(per lot) I can't believe this!
one day you you will wake up with totally empty account, I promise you!
That will be also just amazing, won't it? Remember my words!
  • #18,624
  • Aug 8, 2008 7:59am Aug 8, 2008 7:59am
Quoting videoman555
one day you you will wake up with totally empty account, I promise you!
That will be also just amazing, won't it? Remember my words!
I assume you have become familiar with the word "margin call"...

One piece of advice...stop the "cursing & shouting"..you will just get yourself removed from FF...secondly getting a margin call is something most now experienced traders have once had the taste of also...it's part of your learning curve...

As always..Just my 2 cents...
  • #18,625
  • Aug 8, 2008 7:59am Aug 8, 2008 7:59am
I said it last night prior to going to bed and I'll repeat myself this morning. Take the rest off the day off.

I didn't set the alarm for the European session.

These kind of events make people do crazy things... like trying to find a bottom.

There will be some short covering now and price will attempt to stabilize.

At this point who really knows what the point of stability is. (Parity?)

Oil continues to fall and should find a solid range around the $110 to $90 range.
  • #18,626
  • Aug 8, 2008 7:59am Aug 8, 2008 7:59am
Quoting videoman555
one day you you will wake up with totally empty account, I promise you!
That will be also just amazing, won't it? Remember my words!
How could you wake up with an empty account if your stop losses are in place?
  • #18,627
  • Aug 8, 2008 8:00am Aug 8, 2008 8:00am
Quoting videoman555
one day you you will wake up with totally empty account, I promise you!
That will be also just amazing, won't it? Remember my words!
It is spelled Understand !!!

Have A Good Day and Be Nice !!!

Be Positive ! Be Encouraging !!!

Peace Out !!!
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  • #18,628
  • Aug 8, 2008 8:02am Aug 8, 2008 8:02am
This hour's LTL is at 5015.. Yeah, it's one of them 15 pips per hour channels.
On the path to Enrichment.
  • #18,629
  • Aug 8, 2008 8:02am Aug 8, 2008 8:02am
wow... one of the longest bearish daily candle I ever see..
Money often costs too much...
  • #18,630
  • Aug 8, 2008 8:02am Aug 8, 2008 8:02am
Last time I wrote in this forum was the end of July...people in this forum all sounded long at 1.56-1.57 glad I didn't listen to the charts......fib etc.. 630 pips later................................
  • #18,631
  • Aug 8, 2008 8:03am Aug 8, 2008 8:03am
Quoting Sole
why are you so angry all the time?

maybe he is losing
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  • #18,632
  • Aug 8, 2008 8:04am Aug 8, 2008 8:04am
Quoting Joe2920
Last time I wrote in this forum was the end of July...people in this forum all sounded long at 1.56-1.57 glad I didn't listen to the charts......fib etc.. 630 pips later................................
People were calling for 1.70. Maniacs!
  • #18,633
  • Aug 8, 2008 8:04am Aug 8, 2008 8:04am
been away, see that someone killed europe and UK while I was out?
lol

wonder how far we'll go.
TRADE FOR SWAP
  • #18,634
  • Aug 8, 2008 8:06am Aug 8, 2008 8:06am
I don';t think it's fair for all you shorts to slate and diss the longs. The weight of evidence (ie. trend) was behind them and they could easily have been right. It's all a guessing game in the end, and just because you may have guessed right doesn't mean you've got a bigger penis than those who guessed wrong.

allthesame, glad I closed all my longs on tuesday.
TRADE FOR SWAP
  • #18,635
  • Aug 8, 2008 8:08am Aug 8, 2008 8:08am
Now Trades at 109.98 Bid

Perhaps the FED knows the Dow will crash 500 Points today and they needed the cushion ?

I am serious...Look at Fannie Mae

Incredible !!! Trillions of US Dollars in Mortgages ! Freddie Mack the same !!!

Something is UP and it is NOT EUR/USD

My thoughts on the situation. What is yours ?
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  • #18,636
  • Aug 8, 2008 8:09am Aug 8, 2008 8:09am
Maladec
  • #18,637
  • Aug 8, 2008 8:09am Aug 8, 2008 8:09am
let's get on with it.....
  • #18,638
  • Aug 8, 2008 8:09am Aug 8, 2008 8:09am
Quoting videoman555
one day you you will wake up with totally empty account, I promise you!
That will be also just amazing, won't it? Remember my words!
When I take a loss, I don't blame it on everyone but myself. Money management my friend. My average stop is 30 pips, my average win is Hundreds of points! Risk a LITTLE for a LOT!
Don't give up, I've been where you're at more than once. It's the cost of being successful in this business. It took me seven years to get where I am
today. I would recommend you read Trading in the Zone, by Mark Douglas and Face the Trader Within, by Chris Lori- It's free click here http://www.forexfactory.com/showthread.php?t=59329

I wish you well.
  • #18,639
  • Aug 8, 2008 8:10am Aug 8, 2008 8:10am
I lose this time.. Ive closed all my LONGS.. madness..
Money often costs too much...
  • #18,640
  • Aug 8, 2008 8:11am Aug 8, 2008 8:11am
Hi, to all,
EURUSD , from 2000,2001 to 2008/04 the trend was UP and for 4 months it was ranging , but before 2000 the trend was DOWN ( from 1995 ) ( simulated price for EUR ) ,
now the question is , how we can understand end of UPTREND ?
does the double shoulder in weekly chart say something like that?
thx.
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