EURUSD

Quoting psiholog

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also within that larger channel there is a downtrend which was currently broken...gambling on a buy off it...
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Quoting psiholog

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if your wondering what is todays choppy nonsense all about dont forget its sunday and its low volatily. this whole move up has been in expectation of the us session and the bail out plan. it has not been a smooth ride and probably will not be any time soon but heres an indication of when to consider entering a trade....buy on any dips that get close to the bottom trendline of this uptrend channel....that or if for whatever reason its broken...sell....
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Quoting BoredToLoose

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Drawing channels at M1 Charts, not for me.

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Quoting JgrB

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"1. GDP impacted by economic pressures, shows signs of visible slowdown,
2. Earnings situation likely to worsen for the remaining business year,
3. Weak growth has materialized, downside risks remain,
4. Private consumption affected by inflation and inflationary concerns"

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Quoting sf2000

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think about it....700 billions new printed money gonna support usd?eur/usd may cap around 148.00 till we know the official approuved plan revealed...once we have confirmation eur/usd will shout up right at 200 ma!
700 billion rescue success=market stabilised=carry trade....carry trade + 700 billion negative impact on the dollars = carry trade 9 pair against usd & sideline u/j!
If the package failed to be approuved =market collapse,usd crash and maybe introduction of the amero....big rushing redemption,civil disorder,martial laws and 2 miles long UFO in the sky by october 14th and why not a strike on IRAN and more trouble with russia...All in All its the end of the world :O

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Quoting Nankurunaisa

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Clear Hammer on the 1H, among other timeframes, with the shadow extending past the 1.4600 resistance level from the monthly tf. Seems like a good time to sell with a fairly small pip goal.

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Quoting TIckerShuffl

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Closed account...took 66% percent profit on initial deposit.

I am not going to churn and burn through this debacle. This Euro trade is eaither the most obvious trade ever or the biggest set up ever. I do not want to be a casualty of it's whims.

Got enough for that cannondale now, acumen.

Good luck traders. I will be back when the dust settles, maybe.

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Quoting Nankurunaisa

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I'm pretty unsure how to trade this (granted, I'm very new). Heres what I've noted:

- Daily, Weekly, 4h trends are up
- Monthly trend is clearly down, but looks like its forming a hammer, which for me has been a disturbingly consistent reversal indicator
- Price seems to be struggling to break 1.4600, a monthly resistance level
- Next closest support level is 1.4500

So I guess were looking for indications of a breakout through 1.4600? And if we get them, we aim for.. Possibly as high as 1.4680.

Is 1.4565 (or around there) a support level I didn't note? It seems to be acting as one on the shorter timeframes, and I have nothing marked within 20 pips at all

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Quoting acumen

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Investment banks are a thing of the past.

Goldman and Morgan become banks.

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Quoting Algirdas

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http://4.bp.blogspot.com/_nmIuQsC9b-...er+eeeeeee.pngDo not be to much excited for Shorts now ,becouse we must to reach 1h channel top tomorrow or day after tomorrow.

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