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EURUSD

  • #31,901
  • Sep 18, 2008 12:20pm Sep 18, 2008 12:20pm
Quoting 5ysfx
Nasdaq just exploded !



Madness

100% SHORT COVERING. THIS IS NOT A RALLY
  • #31,902
  • Sep 18, 2008 12:20pm Sep 18, 2008 12:20pm
Quoting bigandrich
Lots of rumors flying: Paulson talking about RTC (Resolution Trust Company) to limit bad debt, bonds,bankruptcy etc.
What does that mean to the dollar??? I would figure the FEd would have ot print even more money...


I think they should start a "Suitcase full of Cash" program. Send everyone in AMerica a soutcse full of 100K of cash.. Keep it off the govt. books and just let us go spend spend spend.
  • #31,903
  • Sep 18, 2008 12:21pm Sep 18, 2008 12:21pm
Quoting JgrB
What do you think guys? My view is that EUR.USD will visit 1.426X soon.

Please, notice that the chart attached is FUT DEC08 EUR.USD.
I think this 1H chart (FUT DEC08 EUR.USD) is more detailed and comprenhensive.
Attached Image (click to enlarge)
Click to Enlarge Name: FUT EUR.USD DEC08.jpg Size: 190 KB
  • #31,904
  • Sep 18, 2008 12:24pm Sep 18, 2008 12:24pm
what is going on? I have almost gotten back all that I lost today ($600) Unbelievable, totally unbelievable. What a blessing. What is the stopping point in your estimation? Anyone?
  • #31,905
  • Sep 18, 2008 12:24pm Sep 18, 2008 12:24pm
EURO go up NOW!
  • #31,906
  • Sep 18, 2008 12:25pm Sep 18, 2008 12:25pm
Quoting seesaw
100% SHORT COVERING. THIS IS NOT A RALLY
yep

but this could be sign of small rally
We could say temporary bottom was made.

i think will be bottom retest on eu so still holding my short from 14456
  • #31,907
  • Sep 18, 2008 12:25pm Sep 18, 2008 12:25pm
Quoting sdapastor
what is going on? I have almost gotten back all that I lost today ($600) Unbelievable, totally unbelievable. What a blessing. What is the stopping point in your estimation? Anyone?

It looks like it is bouncing off a spcyh level 1.43 and could very well continue uptrend channel in London session. We just have to wait and see.
  • #31,908
  • Sep 18, 2008 12:26pm Sep 18, 2008 12:26pm
Quoting sdapastor
what is going on? I have almost gotten back all that I lost today ($600) Unbelievable, totally unbelievable. What a blessing. What is the stopping point in your estimation? Anyone?
don't be so happy in short, that's just small short recovery, now will be again big up move, you'll see it
  • #31,909
  • Sep 18, 2008 12:29pm Sep 18, 2008 12:29pm
Quoting videoman555
don't be so happy in short, that's just small short recovery, now will be again big up move, you'll see it
what entry point are you lookiing for to go long?
  • #31,910
  • Sep 18, 2008 12:29pm Sep 18, 2008 12:29pm
4286 is 38,2 Fibo retracement of whole uptrend move that started on 9/11
4270 is 61,8 Fibo retracemnt of uptrend move that started yesterday when gold erupted.
  • #31,911
  • Sep 18, 2008 12:30pm Sep 18, 2008 12:30pm
Quoting Polonaise
4286 is 38,2 Fibo retracement of whole uptrend move that started on 9/11
4270 is 61,8 Fibo retracemnt of uptrend move that started yesterday when gold erupted.
thank you!
  • #31,912
  • Sep 18, 2008 12:34pm Sep 18, 2008 12:34pm
http://1.bp.blogspot.com/_nmIuQsC9b-...R_USD+Spot.png
{Promotion Removed}
  • #31,913
  • Sep 18, 2008 12:36pm Sep 18, 2008 12:36pm
I've posted this example over and over.

I urge you to add it to your trading day - especially if you trade intra-day or scalp.

The chart does the explaining.

A hard move in underway.

Price hits .20 and then hesitates.

AFTER the hesitation it runs to .4300. (Most important psych levels - 00)

I think I've posted that it works around 80% of the time.

It could be I look for it but my hit rate on this particular trade this year is 98%.

I think it missed twice.

Things to note:

1) Wait until a fractal is created above the psych level. (.4320 in our example)
2) Enter at the wick once price resumes south below the .20 level.
3) Always take profit at the .00 level. (Sure - it moved past it and then reversed hard just like it did in my last example)

Note: Yes... it's only a 10 to 15 PIP trade. However... how many of your trades have a hit rate near the 90% mark?
Attached Image (click to enlarge)
Click to Enlarge Name: September182008US.GIF Size: 98 KB
  • #31,914
  • Sep 18, 2008 12:38pm Sep 18, 2008 12:38pm
I think some are missing the fact that the EU has been adding liquidity to the banking system too. Not as much as the US but we are "all in this mess together". No one bank or country can escape untouched. So don't try and fight the current trend (looking at daily bars) in effect which is still overall down. Forget 2 years ago. This is now. Other than scalping it is foolish to look to go long.

Otherwise beforehand let me thank you for contributing to my profits.
  • #31,915
  • Sep 18, 2008 12:41pm Sep 18, 2008 12:41pm
Quoting videoman555
EURO go up NOW!
Buy opp...

This RTC govt. bailout will cost a trillion USD that the FED wil have print.
  • #31,916
  • Sep 18, 2008 12:43pm Sep 18, 2008 12:43pm
Quoting SunTrader
I think some are missing the fact that the EU has been adding liquidity to the banking system too. Not as much as the US but we are "all in this mess together". No one bank or country can escape untouched. So don't try and fight the current trend (looking at daily bars) in effect which is still overall down. Forget 2 years ago. This is now. Other than scalping it is foolish to look to go long.

Otherwise beforehand let me thank you for contributing to my profits.
Down trendline was broken.
  • #31,917
  • Sep 18, 2008 12:48pm Sep 18, 2008 12:48pm
Quoting SunTrader
I think some are missing the fact that the EU has been adding liquidity to the banking system too. Not as much as the US but we are "all in this mess together". No one bank or country can escape untouched. So don't try and fight the current trend (looking at daily bars) in effect which is still overall down. Forget 2 years ago. This is now. Other than scalping it is foolish to look to go long.

Otherwise beforehand let me thank you for contributing to my profits.
Amen brother
  • #31,918
  • Sep 18, 2008 12:50pm Sep 18, 2008 12:50pm
Quoting TIckerShuffl
Buy opp...
already did it in EUR/GBP
  • #31,919
  • Sep 18, 2008 12:51pm Sep 18, 2008 12:51pm
Quoting TIckerShuffl
Down trendline was broken.
Please post a chart showing this. What timeframe are you using? Looking at D1 it is still straight down with a little bounce up.
  • #31,920
  • Sep 18, 2008 12:54pm Sep 18, 2008 12:54pm
Quoting TIckerShuffl
Down trendline was broken.
Yes it has. But there are such a thing a TL break failures/fakeouts.

Also what about the fact that we are heading for closing that would form a PinBar on daily?
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