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EURUSD

  • #20,441
  • Aug 14, 2008 9:45am Aug 14, 2008 9:45am
Quoting mokonni
Natural Gas Storage smaller than expected.

Now you should think us economy is doing well consuming so much gas.
Haha
Well if it is going south, the bulls are certainly hanging on. It is not going south with any force yet. Is this the end of the bear run. Up until the gas announcement the 5 minute chart was getting bullish.

Thoughts?
  • #20,442
  • Aug 14, 2008 10:08am Aug 14, 2008 10:08am
Quoting FX Phoenix
Well if it is going south, the bulls are certainly hanging on. It is not going south with any force yet. Is this the end of the bear run. Up until the gas announcement the 5 minute chart was getting bullish.

Thoughts?
Watching the oil chart but trading the Euro
  • #20,443
  • Aug 14, 2008 10:12am Aug 14, 2008 10:12am
Quoting mokonni
Watching the oil chart but trading the Euro
oil just made a new low for the day
  • #20,444
  • Aug 14, 2008 10:24am Aug 14, 2008 10:24am

WILD PAIR OF THE MONTH
  • #20,445
  • Aug 14, 2008 10:33am Aug 14, 2008 10:33am
Most aren't listening.

An earlier post mentioned that we should be paying attention to the price.

Not a bad idea at the moment - the fundies sure aren't moving this pair.

What's it saying?

The dollar moves 3% in one week - the largest move ever.

The rallies since the sell off have been a joke.

Every single move North has been met with heavy selling. (This means the big players are selling into rallies, protecting their stops or both) PS - The answer is both.

The much anticipated 'Big Thursday' data was a non event.

Since every effort to move this pair north has been stymied we should deduce that someone doesn't want it going up.

I don't need to be right I need to be in the money.

No matter how much I believe a retrace is coming or how oversold the pair is the price is telling us this is a consolidation prior to the next move south.
  • #20,446
  • Aug 14, 2008 10:36am Aug 14, 2008 10:36am
I hadn't noticed this before, I was just looking at the triangle (the one with red upper line and blue lower line but there are both triangle and channel involved, this makes things much clearer to me at least.

After noticing this I somehow begin to assume that the price may be heading north after all because it has breached the upper line of the triangle more than channel. but we'll see that in few hours because at that moment either triangle or channel will be broken.

Interesting times.
Attached Image (click to enlarge)
Click to Enlarge Name: twochannels.gif Size: 25 KB
  • #20,447
  • Aug 14, 2008 10:40am Aug 14, 2008 10:40am
Quoting mikkom
I hadn't noticed this before, I was just looking at the triangle (the one with red upper line and blue lower line but there are both triangle and channel involved, this makes things much clearer to me at least.

After noticing this I somehow begin to assume that the price may be heading north after all because it has breached the upper line of the triangle more than channel. but we'll see that in few hours because at that moment either triangle or channel will be broken.

Interesting times.
agreed!!
  • #20,448
  • Aug 14, 2008 10:55am Aug 14, 2008 10:55am
Quoting acumen
Most aren't listening.

this is a consolidation prior to the next move south.
Could be true and could happen every single moment
  • #20,449
  • Aug 14, 2008 11:08am Aug 14, 2008 11:08am
Quoting mokonni
Could be true and could happen every single moment
you have to love this arena - gold and oil went a bit down
  • #20,450
  • Aug 14, 2008 11:08am Aug 14, 2008 11:08am
Quoting acumen
Most aren't listening.

An earlier post mentioned that we should be paying attention to the price.

Not a bad idea at the moment - the fundies sure aren't moving this pair.

What's it saying?

The dollar moves 3% in one week - the largest move ever.

The rallies since the sell off have been a joke.

Every single move North has been met with heavy selling. (This means the big players are selling into rallies, protecting their stops or both) PS - The answer is both.

The much anticipated 'Big Thursday' data was a non event.

Since every effort to move this pair north has been stymied we should deduce that someone doesn't want it going up.

I don't need to be right I need to be in the money.

No matter how much I believe a retrace is coming or how oversold the pair is the price is telling us this is a consolidation prior to the next move south.
good analysis.........
  • #20,451
  • Aug 14, 2008 11:11am Aug 14, 2008 11:11am
Okay triangle is broken. Down we go. When it reaches 4815, we are going to have a ride down.
  • #20,452
  • Aug 14, 2008 11:11am Aug 14, 2008 11:11am
Quoting Two percent
Low so far is 1.4880

Tomorrow EUR USD sideways , very little volatility.

Wednesday EUR USD more volatility but closing at nearly the same as Tuesday.

Thursday Fly me to the sky baby 1.5200

This is only my guess..........................
Are you flying high Two percent? 1.5200
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  • #20,453
  • Aug 14, 2008 11:12am Aug 14, 2008 11:12am
Good time to go long around 1.4815/20?

Maarten
  • #20,454
  • Aug 14, 2008 11:13am Aug 14, 2008 11:13am
Quoting Maarten999
Good time to go long around 1.4815/20?

Maarten
Don't rush in, this is very bearish now
  • #20,455
  • Aug 14, 2008 11:13am Aug 14, 2008 11:13am
Quoting acumen
No matter how much I believe a retrace is coming or how oversold the pair is the price is telling us this is a consolidation prior to the next move south.
Once again, your right on the money. USD/CHF appears to have broken out.
  • #20,456
  • Aug 14, 2008 11:15am Aug 14, 2008 11:15am
Quoting Maarten999
Good time to go long around 1.4815/20?

Maarten
Yessss - probably catching a falling knife

Look at gold and oil before going long !
  • #20,457
  • Aug 14, 2008 11:15am Aug 14, 2008 11:15am
Is it strong enough to go down to 1.4775 ?
  • #20,458
  • Aug 14, 2008 11:15am Aug 14, 2008 11:15am
I believe I said go short yesterday and EURUSD will be headed back under 1.4900. Stay clear from this pair. We are headed sub 1.4800 now and all hell will break loose VERY SOON. Will be back soon.
Pippin ain't easy, but it sho is fun!
  • #20,459
  • Aug 14, 2008 11:16am Aug 14, 2008 11:16am
Quoting mikkom
Okay triangle is broken. Down we go. When it reaches 4815, we are going to have a ride down.
sorry, but do you mean it will continue to decend?
  • #20,460
  • Aug 14, 2008 11:16am Aug 14, 2008 11:16am
Take 3/4 profit near 1.4815
http://4.bp.blogspot.com/_nmIuQsC9b-...erver++eur.png
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