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  • #18,881
  • Aug 8, 2008 10:11pm Aug 8, 2008 10:11pm
For now, the pair is in a downtrend.

Quoting User Name
We are still in an uptrend on the EUR/USD, there is a lot of room for correction and the RSI is only at 62 on the monthly charts
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  • #18,882
  • Aug 8, 2008 10:21pm Aug 8, 2008 10:21pm
The AUD/USD is also in a downtrend. But watch out for the retraces. If you notice on the 1 HR chart, the 50 EMA(red) has barely been breached with the retraces. Good scalping opportunities on the 5 min chart.

Quoting >Apocalypto<
AUD/USD a good buying opportunity? don't think so! RBA leaving rates on hold with talk of dropping them in the near term that would not do to well for long holders of aud/usd.

Our rates in Aust are set to drop can't see the fed dropping rates in the states any lower. I think the tied is turning. US rates up, here comes the USD.......

EUR/USD and AUD/USD could be in for a futher declines. (longer term out look IMO)

I am still banking on a rally from here holding my long into the new week. Wider stop as a final thrust down is not out of the question just hope not deep enough to catch my stop.

Cheers.

posted chart, check out the decline! what a great move!
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  • #18,883
  • Aug 9, 2008 12:24am Aug 9, 2008 12:24am
agree mate that's why i think a retrace is coming on that pair and the eur/usd. due to this thinking i am long on eur/usd right now.

they are longer term thoughts on aud.
  • #18,884
  • Aug 9, 2008 3:14am Aug 9, 2008 3:14am
Quoting oan4fx
i think we will see 1.5377 next week at least and guess what i think will not ever see higther level than what we have reached befor one month at least.hope the best for all
hahahah thanks to god i think i was rigth 500 pips in pocket for one trade
and guess what the stop loss was 30 pips only hahaha
see you folks
  • #18,885
  • Aug 9, 2008 3:17am Aug 9, 2008 3:17am
Quoting oan4fx
hahahah thanks to god i think i was rigth 500 pips in pocket for one trade
and guess what the stop loss was 30 pips only hahaha
see you folks
on demo account?
  • #18,886
  • Aug 9, 2008 4:17am Aug 9, 2008 4:17am
Quoting oan4fx
hahahah thanks to god i think i was rigth 500 pips in pocket for one trade
and guess what the stop loss was 30 pips only hahaha
see you folks
Very well done on that trade.

In moves like that you can make that type of a return if you hold. Enjoy it mate as they don't happen like that every time!

good trading
>Apocalypto<
  • #18,887
  • Aug 9, 2008 6:14am Aug 9, 2008 6:14am
Week Fib

23.6 > 15138

38.2 > 15220

50 > 15288
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  • #18,888
  • Aug 9, 2008 6:26am Aug 9, 2008 6:26am
that's my predictions based on EW count.

08/08/08 will be remebered:
-olympic
-georgia
-usd rally

btw. do You think that tension between USA and Russia may influence FX market?
  • #18,889
  • Aug 9, 2008 7:30am Aug 9, 2008 7:30am
The notion that this is a retrace is laughable. Currencies don't come off 3% in one week while consolidating. This was the biggest one week move since the pairs inception. This is the start of the dollar bull market.

Buying now and praying for a major retrace is what retail traders do. The move down didn't see a retrace, only speed bumps. A retrace to the first fib level may happen but don't count on it.

The idea that economical data out in the coming weeks will stop the bleeding. More data out next week for the zone. Don't expect any of it to support the bulls. The question isn't whether it will be bad or not - the real question is - how bad will it be? If it lends weight to a cut across the pond there will be selling.

The dollar bull is upon us.
  • #18,890
  • Edited 7:59am Aug 9, 2008 7:44am | Edited 7:59am
Quoting acumen
The notion that this is a retrace is laughable. Currencies don't come off 3% in one week while consolidating. This was the biggest one week move since the pairs inception. This is the start of the dollar bull market.

Buying now and praying for a major retrace is what retail traders do. The move down didn't see a retrace, only speed bumps. A retrace to the first fib level may happen but don't count on it.

The idea that economical data out in the coming weeks will stop the bleeding. More data out next week for the zone. Don't expect any of it to support the bulls. The question isn't whether it will be bad or not - the real question is - how bad will it be? If it lends weight to a cut across the pond there will be selling.

The dollar bull is upon us.
Bold one sided comments there. have you looked at charts in your life friend? Moves always retrace at a point nothing moves straight up or down.

*USD Bull market I agree will happen I have been arguing this case on another forum for awhile now to laughs and abuse of other members who are long on gold.

IMO it's a touch early to call the current retrace (counter rally) in the USD a new bull market.

For the record yes I am long euro/usd and i have the feeling I will get a stop, market will determine that no need to dwell on it to much!!!!

Cheers
Apocalypto
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  • #18,891
  • Aug 9, 2008 8:00am Aug 9, 2008 8:00am
Quoting &gt;Apocalypto&lt;
Bold one sided comments there. have you looked at charts in your life friend? Moves always retrace at a point nothing moves straight up or down.
Well, EU DID move JUST DOWN and waaaay down in the past week. So Acumen is just stating a fact. Even on Friday it didn't manage a higher low at the end, as probably most people with most money just see it go down further.

Having said that, the same thing I said on previous page is my personal opinion - let the dust settle a bit on monday and then see. If there's a retracement it'll be a big pleasure to short from high and if it plunges straight down then better let it, can't win them all and eventually a retracement will come - a move like this will not just reverse even if it goes all the way to the expected main first bottom around 4750.
On the path to Enrichment.
  • #18,892
  • Aug 9, 2008 8:04am Aug 9, 2008 8:04am
Quoting acumen
The notion that this is a retrace is laughable. Currencies don't come off 3% in one week while consolidating. This was the biggest one week move since the pairs inception. This is the start of the dollar bull market.

Buying now and praying for a major retrace is what retail traders do. The move down didn't see a retrace, only speed bumps. A retrace to the first fib level may happen but don't count on it.

The idea that economical data out in the coming weeks will stop the bleeding. More data out next week for the zone. Don't expect any of it to support the bulls. The question isn't whether it will be bad or not - the real question is - how bad will it be? If it lends weight to a cut across the pond there will be selling.

The dollar bull is upon us.
We are less than a month from an all time high Acumen....you could be jumping the gun a little there in my opinion.
  • #18,893
  • Aug 9, 2008 8:15am Aug 9, 2008 8:15am
Quoting Jurrasic
Well, EU DID move JUST DOWN and waaaay down in the past week. So Acumen is just stating a fact. Even on Friday it didn't manage a higher low at the end, as probably most people with most money just see it go down further.

Having said that, the same thing I said on previous page is my personal opinion - let the dust settle a bit on monday and then see. If there's a retracement it'll be a big pleasure to short from high and if it plunges straight down then better let it, can't win them all and eventually a retracement will come - a move like this will not just reverse even if it goes all the way to the expected main first bottom around 4750.
Agree with what was said, just not in the way it was posted.

there was to much one sided posting there. Not looking to fight or argue. As traders we need to look at all angles not become fixed on one way or the high way that leaves us blind to mistakes.

I also posted a chart of the move down it amazed me never seen anything like it. even the august 07 sell off in FX pairs was nothing to what happened on euro and aussie last couple days.

I just think it's to early to call usd bull. a higher low to new short term high put forward a much stronger case.

Cheers
Apocalypto
  • #18,894
  • Aug 9, 2008 8:36am Aug 9, 2008 8:36am
Quoting Jurrasic
Well, EU DID move JUST DOWN and waaaay down in the past week. So Acumen is just stating a fact. Even on Friday it didn't manage a higher low at the end, as probably most people with most money just see it go down further.

Having said that, the same thing I said on previous page is my personal opinion - let the dust settle a bit on monday and then see. If there's a retracement it'll be a big pleasure to short from high and if it plunges straight down then better let it, can't win them all and eventually a retracement will come - a move like this will not just reverse even if it goes all the way to the expected main first bottom around 4750.
I'm flat.

I think I said we may see a trace... I'm pulling for it... just don't count on it.

Like all posts - I'm simply offering an opinion. Truth be told - I'm probably due for a misfire. I called the Oil top, the EURO top and prognosticated this last down move down.

Is it early to call a dollar bull - you bet - but if you're never the lead dog the view never changes.

J's point is spot one. Wait for the dust to settle. Watch how the Monday's Euro session shapes up and continue reading this thread.
  • #18,895
  • Aug 9, 2008 8:39am Aug 9, 2008 8:39am
Quoting tehuringa
We are less than a month from an all time high Acumen....you could be jumping the gun a little there in my opinion.
An all time high in what?

You've seen the all time high - twice - it's called a double top.
  • #18,896
  • Aug 9, 2008 8:44am Aug 9, 2008 8:44am
2 Fcuken Trades In My Account ,
The First Is Buy Eur/usd @ 1.5790 ( Big Lose)

The Second Is Buy Gbpusd @ 1.9930


Now I,m Waiting A Margin Call Although I Did A Extreamly Win Trade At This Fall And Get 1000 Usd

Now Help Me , Will The Price Fall Again Or We R Wait Its Rise Again

Cause If U Tell Me That It Will Fall I Will Make A Sell Trade At This Time Price

Or Wait I Month Or 2 To Make My Trades Win


Please Please Please All Of My Money I Will Lose Now ..... So Help Me If You Can


Sorry For My Bad English .....waiting Your Reply
  • #18,897
  • Aug 9, 2008 8:49am Aug 9, 2008 8:49am
Quoting haisam_belal
2 Fcuken Trades In My Account ,
The First Is Buy Eur/usd @ 1.5790 ( Big Lose)

The Second Is Buy Gbpusd @ 1.9930


Now I,m Waiting A Margin Call Although I Did A Extreamly Win Trade At This Fall And Get 1000 Usd

Now Help Me , Will The Price Fall Again Or We R Wait Its Rise Again

Cause If U Tell Me That It Will Fall I Will Make A Sell Trade At This Time Price

Or Wait I Month Or 2 To Make My Trades Win


Please Please Please All Of My Money I Will Lose Now ..... So Help Me If You Can


Sorry For My Bad English .....waiting Your Reply
i think eur/usd going up 150 pip in monday
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  • #18,898
  • Aug 9, 2008 8:51am Aug 9, 2008 8:51am
Quoting acumen
An all time high in what?

You've seen the all time high - twice - it's called a double top.
I am with you on that double top on weekly is a classic pattern. I do think this Euro Bull is over.

Cheers
  • #18,899
  • Aug 9, 2008 8:54am Aug 9, 2008 8:54am
[quote=>Apocalypto<;2156431]Bold one sided comments there. have you looked at charts in your life friend? Moves always retrace at a point nothing moves straight up or down.

"Moves always retrace..."

Several posts later you added - "As traders we need to look at all angles not become fixed on one way or the high way that leaves us blind to mistakes." A GREAT QUOTE.

Doesn't always imply every time? Doesn't sound like your very open to the possibility that it won't retrace.

Additionally - I didn't comment on your FX skills because I don't know you. I have a site called thefxpivotpoint.com. The last three months of 2007 I captured all of my trades on video. If you'd like you can visit the site and watch my skills in action. I'm nothing great but I beat the market month after month.
  • #18,900
  • Aug 9, 2008 8:59am Aug 9, 2008 8:59am
Quoting acumen
Bold one sided comments there. have you looked at charts in your life friend? Moves always retrace at a point nothing moves straight up or down.

"Moves always retrace..."

Several posts later you added - "As traders we need to look at all angles not become fixed on one way or the high way that leaves us blind to mistakes." A GREAT QUOTE.

Doesn't always imply every time? Doesn't sound like your very open to the possibility that it won't retrace.

You show me one trend that moved down or up in a straight line? with no oppersite movement at all.

Cheers

You don't need to comment on my skills cuz I suck!
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