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  • #20,381
  • Aug 14, 2008 6:24am Aug 14, 2008 6:24am
Quoting O_o
I think that a break of 1.4890 means EUR/USD Down (until US economics indicators).

what do you think?
I'am long @ 1.4900
  • #20,382
  • Aug 14, 2008 6:29am Aug 14, 2008 6:29am
Quoting kamala
not even worth starig at the charts this morning. no action!
You What ?? No action ???

You should switch your timeframe down from the weekly to 1 min
  • #20,383
  • Aug 14, 2008 6:34am Aug 14, 2008 6:34am
What do you guys mean with scalping? I am new to this game, so I am still a newbie. Thanks guys!

Maarten
  • #20,384
  • Aug 14, 2008 6:37am Aug 14, 2008 6:37am
Short Term Analysis

a break of 1.4926 means EUR/USD Go Up
  • #20,385
  • Aug 14, 2008 6:38am Aug 14, 2008 6:38am
As stated there should be more bulls i confirmed it with the usd index heading lower we should see 1.5081 by the end of today i am long @ 1.491 stops @ 1.488 looking at 1.5081 first
  • #20,386
  • Aug 14, 2008 6:41am Aug 14, 2008 6:41am
http://en.wikipedia.org/wiki/Scalping_(trading)
Quoting Maarten999
What do you guys mean with scalping? I am new to this game, so I am still a newbie. Thanks guys!

Maarten
  • #20,387
  • Aug 14, 2008 6:42am Aug 14, 2008 6:42am
upward channel - until it breaks
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 14_08_2008 (1 Min).jpg Size: 100 KB
  • #20,388
  • Aug 14, 2008 6:47am Aug 14, 2008 6:47am
Quoting kamala
not even worth starig at the charts this morning. no action!
maybe thats what we call 'calm before storm'..
like the day before thursday last week
  • #20,389
  • Aug 14, 2008 6:50am Aug 14, 2008 6:50am
dont know about you,..
my strong resistant at 14951. and current move just correction only.
  • #20,390
  • Aug 14, 2008 6:55am Aug 14, 2008 6:55am
strong resistance @ 1.4930 - upper green trendline
First strong support @1.4846 Pivot S1
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 14_08_2008 (30 Min).jpg Size: 104 KB
  • #20,391
  • Aug 14, 2008 6:57am Aug 14, 2008 6:57am
Quoting kirana
dont know about you,..
my strong resistant at 14951. and current move just correction only.
If we have a bad data US...this resistant will break...
  • #20,392
  • Aug 14, 2008 6:57am Aug 14, 2008 6:57am
Today all pair act enough quite.... But I guess I nid to wait for those news to go thru first before I take my step into market
  • #20,393
  • Aug 14, 2008 7:11am Aug 14, 2008 7:11am
the action will start after the news
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  • #20,394
  • Aug 14, 2008 7:14am Aug 14, 2008 7:14am
We took the decision to go long since Euro data release and believe that the US data will not be that sunny like EUR ones have been. So we are some pips in favor as a buffer in case those things go south.
I’m still not that sure if it was the best idea of the month.

WE: my sixth sense and I
  • #20,395
  • Aug 14, 2008 7:23am Aug 14, 2008 7:23am
Quoting cobraforex
We took the decision to go long since Euro data release and believe that the US data will not be that sunny like EUR ones have been. So we are some pips in favor as a buffer in case those things go south.
I’m still not that sure if it was the best idea of the month.

WE: my sixth sense and I
LOL Maybe you both will be right. the fact that this pair didn't fall out of bed in the face of horrible data makes me think this might be a temporary bottom.
  • #20,396
  • Aug 14, 2008 7:25am Aug 14, 2008 7:25am
I went flat. My gut feeling is that unemployment numbers for the US are worse than estimates.
  • #20,397
  • Aug 14, 2008 7:26am Aug 14, 2008 7:26am
Quoting NuckingFuts
Picking the actual direction is about as good as a coin toss at the moment.

Below 1.4817 may send it towards 1.44.

Above 1.50 may send it towards 1.53.

If gold keeps this move up, my bias would be up.
Above 1.50 it won't stay there long.

This pair is headed South... just a matter of time.
  • #20,398
  • Aug 14, 2008 7:26am Aug 14, 2008 7:26am
hi guys..no movement yet..14945-14950 hold steady...im not sure whether it can break and bring it up to 1500
  • #20,399
  • Aug 14, 2008 7:28am Aug 14, 2008 7:28am
Quoting avtopilot
http://en.wikipedia.org/wiki/Scalping_(trading)
Thank you!

Maarten
  • #20,400
  • Aug 14, 2008 7:29am Aug 14, 2008 7:29am
I think that US data will be very bad...

Wait and See..
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