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EURUSD

  • #33,361
  • Sep 23, 2008 2:14pm Sep 23, 2008 2:14pm
Quoting Marcuse
It could be like that, anyway you must recognize that any unexpected fundamental will send to hell or heaven the charts, that’s why is important to have both analyses the technical and the fundamental when trading FOREX
i understand, there is a massive amount of bad news for the US, plus the daily charts show a breakout to the upside, the E/U moved from about 1.38 to 1.48 and now is hovering around 1.47-1.46, i personally see it going up to at least about 1.5 if not 1.55. I think foriegn investors see the danger in holding the dollar especially after $700B being dumped into the market, not to mention the technical traders see a trendline break and support from the weekly trendline's at 1.38-1.4.
Egyptian and proud of it!
  • #33,362
  • Sep 23, 2008 2:16pm Sep 23, 2008 2:16pm
Quoting g-dogg
i understand, there is a massive amount of bad news for the US, plus the daily charts show a breakout to the upside, the E/U moved from about 1.38 to 1.48 and now is hovering around 1.47-1.46, i personally see it going up to at least about 1.5 if not 1.55. I think foriegn investors see the danger in holding the dollar especially after $700B being dumped into the market, not to mention the technical traders see a trendline break and support from the weekly trendline's at 1.38-1.4.
dont forget about oil
  • #33,363
  • Sep 23, 2008 2:20pm Sep 23, 2008 2:20pm
Quoting g-dogg
i understand, there is a massive amount of bad news for the US, plus the daily charts show a breakout to the upside, the E/U moved from about 1.38 to 1.48 and now is hovering around 1.47-1.46, i personally see it going up to at least about 1.5 if not 1.55. I think foriegn investors see the danger in holding the dollar especially after $700B being dumped into the market, not to mention the technical traders see a trendline break and support from the weekly trendline's at 1.38-1.4.
I second that.
All this is more easy than riding a bike, when you buy something you want quality, in business I want rent ability, the USD doesn’t give you so what do you do? You’re going to buy gold or another currency, which makes that the EUR is going up.
I’m no specialist, just common sense and 30 years being in trades (not FX neither stocks)
I don’t say with any word that the EU zone is in the best shape ever but they are in better than the $.
What I do is to follow what the big investors think and do, nothing else.
  • #33,364
  • Sep 23, 2008 2:20pm Sep 23, 2008 2:20pm
Quoting g-dogg
when the Dow moves up (strong dollar) the Gold and Oil and Dollar pairs move down.
Thanks for explaining that. Something must have been really crazy this morning then. I was short the Dow Mini and I was up $835 as the Dow was falling but e/u was falling also. Now the Dow is moving back up and so is the e/u pair. If I'm understanding what you said correctly, something must be out of whack right now.
  • #33,365
  • Sep 23, 2008 2:22pm Sep 23, 2008 2:22pm
Quoting forexlion
eu is simply handing out pips today, crossed 600 pips mark in scalping for the day.
Hey long time no see!! This thread seems to have exerted a magnetic appeal lately pulling you old heads out of your dark lairs. Could it be the irresistable personality of some of us?

Or is it the savory smell of fresh meat?

OK, on a lighter note, here's my 4hr with target zones shaded or circled. It's getting mighty jumbled up with S/R levels. Gone till asia.
Attached Image
FUBAR...
  • #33,366
  • Sep 23, 2008 2:30pm Sep 23, 2008 2:30pm
Quoting forexlion
eu is simply handing out pips today, crossed 600 pips mark in scalping for the day.
Another ego appears!
  • #33,367
  • Sep 23, 2008 2:31pm Sep 23, 2008 2:31pm
Quoting ak4x
OK, on a lighter note, here's my 4hr with target zones shaded or circled. It's getting mighty jumbled up with S/R levels. Gone till asia.
You could see it as a bull flag as well or not?

BUT: another touch on 61.8 isn't impossible
  • #33,368
  • Sep 23, 2008 2:37pm Sep 23, 2008 2:37pm
Quoting cobraforex
You could see it as a bull flag as well or not?
not with that momentum
  • #33,369
  • Sep 23, 2008 2:40pm Sep 23, 2008 2:40pm
Who makes these channels anyway? (please don't say "the big guys" --) specifically, who? This is kinda weird, in a neat, mathematical way, but weird...
  • #33,370
  • Sep 23, 2008 2:45pm Sep 23, 2008 2:45pm
Quoting seesaw
Who makes these channels anyway? (please don't say "the big guys" --) specifically, who? This is kinda weird, in a neat, mathematical way, but weird...
I do not know anyway but try to scalp some 27 pips from the top of the channel I see now , before going to bed.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #33,371
  • Sep 23, 2008 2:46pm Sep 23, 2008 2:46pm
Quoting FOURX
Another ego appears!
mm....considering your very bold handle, isnt that a little like "the pot calling the kettle black".....http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #33,372
  • Sep 23, 2008 2:59pm Sep 23, 2008 2:59pm
http://www.dailyfx.com/story/tophead...118478130.html

I've said this 100 times but it bears repeating.

We are headed south long term.
  • #33,373
  • Sep 23, 2008 3:01pm Sep 23, 2008 3:01pm
Quoting FOURX
Another ego appears!
I call bullshit.

Forexlion...Can you show us the print?
  • #33,374
  • Sep 23, 2008 3:06pm Sep 23, 2008 3:06pm
Quoting Islander
mm....considering your very bold handle, isnt that a little like "the pot calling the kettle black".....http://www.forexfactory.com/images/icons/icon12.gif
fourx , or XXXX is a beer captain


And i certainly wouldnt appear from nowhere, and post a flambouyant pip haul.

Whats the purpose?
  • #33,375
  • Sep 23, 2008 3:06pm Sep 23, 2008 3:06pm
Quoting acumen
http://www.dailyfx.com/story/tophead...118478130.html

I've said this 100 times but it bears repeating.

We are headed south long term.
Thanks Acumen.
Up or down, gimme a ticket
  • #33,376
  • Sep 23, 2008 3:08pm Sep 23, 2008 3:08pm
Quoting SpecialEd
Thanks Acumen.
Short term these guys often get it wrong.

Long term... their record is strong.

m
  • #33,377
  • Sep 23, 2008 3:13pm Sep 23, 2008 3:13pm
Quoting acumen
Short term these guys often get it wrong.

Long term... their record is strong.

m
the question I pose to you then is ... for the long term ... how large of a stop do you need to weather the noise?
  • #33,378
  • Sep 23, 2008 3:18pm Sep 23, 2008 3:18pm
Quoting kasper
the question I pose to you then is ... for the long term ... how large of a stop do you need to weather the noise?
1 trillion pips
  • #33,379
  • Sep 23, 2008 3:20pm Sep 23, 2008 3:20pm
Quoting seesaw
1 trillion pips
funny. real funny. will you be trading micro lots?
  • #33,380
  • Sep 23, 2008 3:21pm Sep 23, 2008 3:21pm
Quoting kasper
funny. real funny. will you be trading micro lots?

1 billion mega lots.

Seriously though, I have no idea how many stop loss pips yu'd have to put. I think if you follow the golden rule, 1% of your account, you should be able to weather a 4H chart rocky ride.
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