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EURUSD

  • #30,601
  • Sep 16, 2008 5:25am Sep 16, 2008 5:25am
i think that is not a good position cos there is no major news to back it up ok.
  • #30,602
  • Sep 16, 2008 5:27am Sep 16, 2008 5:27am
Now price is trapped between few lines and also Fibo level from last swing high.

No trade now until clean break and price should choose a channel for next movement.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_chart.JPG Size: 144 KB
  • #30,603
  • Sep 16, 2008 5:29am Sep 16, 2008 5:29am
Quoting BoredToLoose
1.4162 good buy entry.

Congratulations to all buyers!
You also said price was headed north until FOMC.

That didn't work out so well.
  • #30,604
  • Sep 16, 2008 5:31am Sep 16, 2008 5:31am
Quoting don.key
And your target is?

Regards
but I think .3950
  • #30,605
  • Sep 16, 2008 5:31am Sep 16, 2008 5:31am
Donations are accepted to My PayPal Account!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 34 KB
  • #30,606
  • Sep 16, 2008 5:35am Sep 16, 2008 5:35am
You really like going against the trend dont you.
  • #30,607
  • Sep 16, 2008 5:42am Sep 16, 2008 5:42am
Quoting JodyOng
You really like going against the trend dont you.
This week there is no Trend, I am only follow my sentiment.
Sentiment it is a really good think to follow.
A few minutes ago Zew Sentiment was better than expected, and what did we all see, a down move for euro.
This is Forex!! Close your eyes to all noise that is around you and follow your sentiment, if you're sentiment is for USD as "SAFE HAVEN" Go for it!
  • #30,608
  • Sep 16, 2008 5:43am Sep 16, 2008 5:43am
Quoting JodyOng
You really like going against the trend dont you.
if there is a trend let me know what it is.....fundies dont work...technicals dont work...please tell me
Different opinions highly valued, ignorant to slander.
  • #30,609
  • Sep 16, 2008 5:43am Sep 16, 2008 5:43am
Quoting vingoze
some ppl are buying the EURUSD??? I sold soon after the range broke downwards, well I guess am shortterm shorting the EURO anybody with me on this???
I'm with you, buddy. Not necessarily by choice, but I am definitely in the same boat as you.
Do you think the karate kid knows kung-fu?
  • #30,610
  • Sep 16, 2008 5:44am Sep 16, 2008 5:44am
What kind of trend are you looking for? Trends on the noise? There's an obvious trend on the daily.
  • #30,611
  • Sep 16, 2008 5:46am Sep 16, 2008 5:46am
the only thing im starting to see is a mirror image on the other side of the earlier mentioned triangle...here take a look...is this a pattern too??..mirror images...
Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 34 KB
Different opinions highly valued, ignorant to slander.
  • #30,612
  • Sep 16, 2008 5:46am Sep 16, 2008 5:46am
I'd tp my longs, if I had any, within the next 10 minutes, but that's just me...
On the path to Enrichment.
  • #30,613
  • Sep 16, 2008 5:49am Sep 16, 2008 5:49am
Quoting Jurrasic
I'd tp my longs, if I had any, within the next 10 minutes, but that's just me...
Why the next 10 minutes?
  • #30,614
  • Sep 16, 2008 5:50am Sep 16, 2008 5:50am
Quoting JodyOng
What kind of trend are you looking for? Trends on the noise? There's an obvious trend on the daily.
Of Course there is a trend.
Daily is Big and huge Bearish.
Monthly we are still in Bullish Trend, don't forget that.
Nowadays a lot of Senior currency opinion makers are telling we are going to 1.20, yes I think so but not this year, that's for sure, others are talking about a range, in my range we are close to bottom, so do you think I am going to open short trades here, no way.
I will buy only on dips.
  • #30,615
  • Sep 16, 2008 5:51am Sep 16, 2008 5:51am
Quoting BoredToLoose
This week there is no Trend, I am only follow my sentiment.
Sentiment it is a really good think to follow.
A few minutes ago Zew Sentiment was better than expected, and what did we all see, a down move for euro.
This is Forex!! Close your eyes to all noise that is around you and follow your sentiment, if you're sentiment is for USD as "SAFE HAVEN" Go for it!
Where is a good place to find Intraday Sentiment. Don't it come out only on Friday?
  • #30,616
  • Sep 16, 2008 5:58am Sep 16, 2008 5:58am
Triangle on M5 breaks, down we go...
Attached Image
  • #30,617
  • Sep 16, 2008 6:05am Sep 16, 2008 6:05am
Weekly pivot at 4174 is proving itself as quite the resistance. All the more force to the move down if and when it's broken.
On the path to Enrichment.
  • #30,618
  • Sep 16, 2008 6:35am Sep 16, 2008 6:35am
I don't think that the US central bank worked so hard to pull the EUR/USD down only to let it rise significantly today when it needs US sentiment to be strongest.

It seems like a foregone conclusion that it will be another rally for USD no matter what the news is.

I posted earlier today a weekly chart where it shows that the EUR/USD is due for a bounce upwards. Yet, it has been strongly breached on two occasions. I think I was foolish in a way for thinking that it would bounce up given what has happened over the last few days. This boat is going down and I don't even have to look at the chart. (Not that I'd trade on anything other than the chart but I'm just saying...)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeeklyChart2.JPG Size: 193 KB
  • #30,619
  • Sep 16, 2008 6:45am Sep 16, 2008 6:45am
Quoting altrader
I don't think that the US central bank worked so hard to pull the EUR/USD down only to let it rise significantly today when it needs US sentiment to be strongest.

It seems like a foregone conclusion that it will be another rally for USD no matter what the news is.

I posted earlier today a weekly chart where it shows that the EUR/USD is due for a bounce upwards. Yet, it has been strongly breached on two occasions. I think I was foolish in a way for thinking that it would bounce up given what has happened over the last few days. This boat is going down and I don't even have to look at the chart. (Not that I'd trade on anything other than the chart but I'm just saying...)

The EU and other central banks have injected BILLIONS of dollars into the market this morning, the problem being is that traders are converting that to dollars IE: Cash and running for the hills. That is the reason for the dollar spike.
  • #30,620
  • Sep 16, 2008 6:45am Sep 16, 2008 6:45am
interesting perspective...heres the opposite. i dont think the euro rallied so hard last thursday and friday to give it all away today. as jurrasic pointed out...1.4174 (or 50%fib since thursdays low to yesterdays high) has held out well today. a serious break down would have happened by now if a return of the downtrend was to continue. right now its such a big tug-o-war its hard to say who will win. that "mirror image" chart clearly shows so
Different opinions highly valued, ignorant to slander.
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