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EURUSD

  • #22,661
  • Aug 22, 2008 3:46am Aug 22, 2008 3:46am
I'm long since .4860 looking for .4800 to hit TP.
Today we could go even lower than .4800 let's wait for the speach and trade.
Good luck to all have a profitable trading day.

Mike
  • #22,662
  • Aug 22, 2008 3:47am Aug 22, 2008 3:47am
Quoting emda
currencies moving faster than gold now.. so I guess it is only stop hunting...
not a back of the $$
So a suggested reversal after the news or what's your take bro??
  • #22,663
  • Aug 22, 2008 3:48am Aug 22, 2008 3:48am
Quoting femzy112
Even a novice should know that.... lol
  • #22,664
  • Aug 22, 2008 3:48am Aug 22, 2008 3:48am
Quoting RumiPL
I'm long since .4860 looking for .4800 to hit TP.
Today we could go even lower than .4800 let's wait for the speach and trade.
Good luck to all have a profitable trading day.

Mike

That would be quite a trick.
  • #22,665
  • Aug 22, 2008 3:49am Aug 22, 2008 3:49am
Quoting lossa
I guess eur usd will trade lower today
I would'nt be surprised if it ends up on the day, 1.4800 is strong support.
Market flow is up on the 1hr & 4hr charts.

Buying @ 1.4805

...but, what do I know?
  • #22,666
  • Aug 22, 2008 3:51am Aug 22, 2008 3:51am
bigboys right on time hit TP
i dont tell u how much i gained %
99% sure of this drop so u can try to imagine hehe
  • #22,667
  • Aug 22, 2008 3:51am Aug 22, 2008 3:51am
look out for news soon.
  • #22,668
  • Aug 22, 2008 3:53am Aug 22, 2008 3:53am
Quoting 5ysfx
bigboys right on time hit TP
i dont tell u how much i gained %
99% sure of this drop so u can try to imagine hehe
I also made one of my best trades of the month. closed at 1.4837
  • #22,669
  • Aug 22, 2008 3:54am Aug 22, 2008 3:54am
Almost 170 pip movement for the past 2 hours on the cable
  • #22,670
  • Aug 22, 2008 3:54am Aug 22, 2008 3:54am
Quoting femzy112
So a suggested reversal after the news or what's your take bro??
I don't know... I'll be very careful now until NY open. I'm not trading more today.. because it's friday and already did a very good trade.

I think it can be ranging now in a triangle.
  • #22,671
  • Aug 22, 2008 3:55am Aug 22, 2008 3:55am
Everyone is happy now .

We're at important Fibs, and on M15 there is reversal candle formation, on M30 also.
  • #22,672
  • Aug 22, 2008 3:56am Aug 22, 2008 3:56am
Quoting emda
I don't know... I'll be very careful now until NY open. I'm not trading more today.. because it's friday and already did a very good trade.

I think it can be ranging now in a triangle.
good
  • #22,673
  • Edited 4:07am Aug 22, 2008 3:57am | Edited 4:07am
Quoting Warren Forex
http://www.actionforex.com/latest-ne...2008082157253/

Pivot Points !

http://www.actionforex.com/technical...-200603205734/


Read Me Please - Have Your Hot Chocolate Also !

http://www.actionforex.com/technical...2008082257299/

Snippets:

Bernanke's speech at the Jackson Hole conference can potentially send the USD in any direction.


Markets Overnight

The major drivers in markets continue to be financial news and developments in oil markets. Equity markets started out weak yesterday on the back of more negative news on the situation in the US mortgage giants Fannie Mae and Freddie Mac (see Flash comment on our website). However, a major rebound in oil prices lifted energy related stocks, and the broad indices closed in positive territory with S&P500 up 0.25%. Asian stock markets are soft with Nikkei down 0.5%. Oil prices rose from USD 116 to USD 121 on the back of further geopolitical tensions between the US and Russia. US officials announced a deal to install a missile defence system in Poland, and this made Russia issue a statement that its response to the missile shield 'would go beyond diplomacy'. Markets fear that Russia will reduce oil output in response. Focus in oil the market has thus shifted from 'demand destruction' to supply concerns. The oil price has been stable overnight at USD 121.
Bond yields rose throughout the day yesterday. The rise in oil prices weighs on the bond market as it puts inflation concerns back on the agenda. We have seen signs in recent days also that the decline in yields may have run its course for now. US bond yields have not changed much overnight and 2-year and 10-year bonds are trading around 2.33% and 3.84% respectively. EUR/USD rose throughout the day and has stayed around 1.487 since yesterday
Good Trading Day To All !

Excellent Link:

http://www.ino.com/

US Dollar Index:

http://quotes.ino.com/chart/?s=NYBOT_DX&v=i

Oil Link:

http://quotes.ino.com/chart/?s=NYMEX_CL.V08.E&v=i


Bruce
Be Aware that there could be an IMPORTANT ANNOUNCEMENT from Treasury on Fannie Mae and Freddie Mack BEFORE Bernake speaks so He is Free To Comment on it. It would be very strange to talk about Financial Stability without addressing the most SERIOUS of all problems the FED faces and that is the GSE's PERIOD !!!

EUR/USD Currency Update:


08:46 EUR/USD: Weak Data Overlooked - Cable Sales Depress Price London, August 22. The Euro Zone trade deficit may have widened but EUR/USD initially failed to react to the data. As a result, the latest weakness will still be blamed on the Cable slump with the GBP/USD move back into the 1.85"s forcing trading to drop below 1.4840. Support is seen trailing back to the 1.4800 option expiry level but with the downside opened up further stabs lower cannot be ruled out. [email protected]

Technical Analysis !

Forex Technical Analysis http://www.actionforex.com/images/M_...rintButton.png http://www.actionforex.com/images/M_...mailButton.png Daily Forex Technicals | Written by DeltaStock Inc. | Aug 22 08 08:26 GMT | Forex Technical Analysis

EUR/USD

Current level-1.4876
EUR/USD is in а downtrend from 1.6039 (15 July 2008). Technical indicators are descending and trading is situated below the 50- and 200-Day SMA, currently projected at 1.5677 and 1.5227.
Still in the broad consolidation since 1.4629 and current target remains 1.4951, but with yesterday's minor top at 1.4906, intraday expect a break below 1.4861 to target 1.4810-16, before the final swing unwinds upwards to 1.4942.
Today's strategy: Stand aside.
ResistanceSupportintradayintraweekintradayintraweek1.49061.49501.46211.46211.49501.55071.45631.4438

http://www.actionforex.com/images/st...2008082211.gif




Bruce
{Promotion Removed}
  • #22,674
  • Aug 22, 2008 4:00am Aug 22, 2008 4:00am
Quoting femzy112
Almost 170 pip movement for the past 2 hours on the cable
cable is to expensive for me prefer aussie kiwi and euro.only
ii went long kiwi at 32 and euro at 37
  • #22,675
  • Aug 22, 2008 4:00am Aug 22, 2008 4:00am
be carefull all today is the day you loose all what you have made in the week because of one bad news
lock in your profits all
  • #22,676
  • Aug 22, 2008 4:02am Aug 22, 2008 4:02am
A word is enough for the wise
  • #22,677
  • Aug 22, 2008 4:04am Aug 22, 2008 4:04am
I think it favours our short....Don't qoute me..lol
  • #22,678
  • Aug 22, 2008 4:06am Aug 22, 2008 4:06am
what about the take profit there? i guess 1.46 is best level
lol
  • #22,679
  • Aug 22, 2008 4:06am Aug 22, 2008 4:06am
Quoting emda
I also made one of my best trades of the month. closed at 1.4837
  • #22,680
  • Aug 22, 2008 4:08am Aug 22, 2008 4:08am
Quoting finian204rea
be carefull all today is the day you loose all what you have made in the week because of one bad news
lock in your profits all
agree... I've learnt the friday things long time ago.. since then I am much better

many big traders that trade the daily or weekly charts... get profits on friday.. and when everybody thinks that there is a trend.. it just goes opposite way because of getting profits before the week ends.. to resume the trend on monday... also a lot of wild news happen on fridays.. and it is always very risky to trade on fridays... stay away if don't have experience on fridays
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