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EURUSD

  • #34,901
  • Sep 29, 2008 12:54am Sep 29, 2008 12:54am
My thoughts are that bailout is good for US stock markets but bad for dollar and economy as whole but we'll see what market tells us.

It's worth reading how the currency and economy of other countries that have been in similar situations have changed. There are many examples.

edit: note that I'm talking longer term here, so don't trade based on the above. I think the stock markets will react the news very positively and that will have a (at least) short term effect to EURUSD unless the positive news impact the EU stock markets as strongly too which may very well be the case.

I intend to wait at least a couple of days until there is a clear sign of a direction before jumping in.
  • #34,902
  • Sep 29, 2008 12:57am Sep 29, 2008 12:57am
What happen at 1am EST why the sudden drop is it because of the resistance? I need to know care to tell me? My indicators tell me price is going up but price tells me it is going down?

Any news at that time?
Forex Price Action Hacked - Price Action Rockstar
  • #34,903
  • Sep 29, 2008 1:02am Sep 29, 2008 1:02am
Australia closing.

Quoting david_akc
What happen at 1am EST
http://www.2008.worldmarkethours.com/Forex/index.htm

Usually at the closure hours of any market there is much random movement.

A second explanation would be that it was a retest of LTL which was slightly penetrated at 1.4441 and then came back into the channel. And will possibly be retested again.

But anyway it seems more like it's going to be bouncing from it.
  • #34,904
  • Sep 29, 2008 1:09am Sep 29, 2008 1:09am
hi guys.

i posted my calls from one week ago, post no ...#33114,#34479

forecasting Down trend movement, and you can open your Daily chart and see my targets come true again
(thanks allah).


here is my chart describe trend direction as everyone know the trend are down big time.


the Giant daily and weekly chart and we all know how the weekly chart is powerful to anticipate the trend direction .
and as you see no sign of trend reversal all my charts screeming (SHORT) from time ago.
& IF retrace happen and price raise up will come back and fall again like rock coz the trend is down baby down...

so only to be in the safe side i have to trade with the trend .
and dont forget the fundamental aspect..

the red arrows in my posts describe my future targets
hope be usefull to you partners.
trade well
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  • #34,905
  • Sep 29, 2008 1:17am Sep 29, 2008 1:17am
Bloomberg:

http://www.bloomberg.com/apps/news?p...efer=worldwide
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  • #34,906
  • Sep 29, 2008 1:37am Sep 29, 2008 1:37am
Quoting zeus_ares86
now that it has reached my first target, it might go to somewhere around 4510..then again,i might be wrong
i posted this on the 26th,it was my forecast for that day. ironically, the target came the session after..most of my personal forecast came the day after...can any1 explain this to me? i drew a fib on 3881 to 4864.

and can any1 tell me where do i got the latest update (news) which effects eur/usd?all this while,ive been trading purely on technical..altho it works,however,i need to really be in the game.

my forecast, would be that the pair will go north soon..then again i might be wrong..thx 4 the help guys
  • #34,907
  • Sep 29, 2008 1:53am Sep 29, 2008 1:53am
know what they say about a picture... took off 40% at 100 pips, the rest to somewhere a lot lower. ho hum.
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FUBAR...
  • #34,908
  • Sep 29, 2008 1:54am Sep 29, 2008 1:54am
Quoting zeus_ares86
my forecast, would be that the pair will go north soon..then again i might be wrong..thx 4 the help guys
Agree. This looks like a total bs move to me and London is likely to kick it back up and quite possibly close the gap from this week's open.
On the path to Enrichment.
  • #34,909
  • Sep 29, 2008 1:59am Sep 29, 2008 1:59am
Quoting zeus_ares86
i posted this on the 26th,it was my forecast for that day. ironically, the target came the session after..most of my personal forecast came the day after...can any1 explain this to me? i drew a fib on 3881 to 4864.

and can any1 tell me where do i got the latest update (news) which effects eur/usd?all this while,ive been trading purely on technical..altho it works,however,i need to really be in the game.

my forecast, would be that the pair will go north soon..then again i might be wrong..thx 4 the help guys
what do u think AK4X?
  • #34,910
  • Sep 29, 2008 2:13am Sep 29, 2008 2:13am
Quoting BoredToLoose
You know I meant "before the opening for retailers on Sunday".
  • #34,911
  • Sep 29, 2008 2:18am Sep 29, 2008 2:18am
it should go down a bit more, to 4315 or sth, (61% retracement last bigger move) and then up ..
  • #34,912
  • Sep 29, 2008 2:21am Sep 29, 2008 2:21am
Quoting zeus_ares86
what do u think AK4X?
Me??

Well, I think I've already said it's gonna go down. But I've been sayin that for awhile, and sometimes I've been right. Like right now, I'm real right, and you're real wrong.

But on the other hand, it might start goin up like you and Juraasic (who I really respect) are sayin, and then you'd be right and I'd be real wrong (except for the pips I already tucked in for the night).

In any event we got a good strong TL coming up along with a Fib convergence a'rd 4320ish on the 2hr, so that may give a bounce. Iffy imo. I'm only trading south tho myself...
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FUBAR...
  • #34,913
  • Sep 29, 2008 2:28am Sep 29, 2008 2:28am
If it gets there, 4260 is the 62% retrace of the 3880L/4870H daily move... another good place to look for a turn, stall or whatever.

Break below that and it's a big owie for the longs. In any event I'm goin to check my eyelids for leaks. G'nite.
FUBAR...
  • #34,914
  • Sep 29, 2008 2:31am Sep 29, 2008 2:31am
im not wrong yet as i still holds numerous short positions..to me, this is still a retracement to 61.8...however,my forecast is that the bears will be tired,n the market will soon be up up and away..probably for tomorrow if not sooner..anyway,thx 4 d reply dude..appreciate it...

as 4 my other question,does any1 know where i can get the latest news that effects eurusd market??
  • #34,915
  • Sep 29, 2008 2:37am Sep 29, 2008 2:37am
i feel like an idiot for closing my short at 4470. >.<
  • #34,916
  • Sep 29, 2008 2:38am Sep 29, 2008 2:38am
Quoting zeus_ares86
my forecast, would be that the pair will go north soon..then again i might be wrong..
Quoting zeus_ares86
im not wrong yet as i still holds numerous short positions..to me, this is still a retracement to 61.8...however,my forecast is that the bears will be tired,n the market will soon be up up and away..probably for tomorrow if not sooner..
I see. Well, this bear is well fed for the night and you're right ... I'm tired. That was hard work.
FUBAR...
  • #34,917
  • Sep 29, 2008 2:41am Sep 29, 2008 2:41am
Quoting ak4x
If it gets there, 4260 is the 62% retrace of the 3880L/4870H daily move... another good place to look for a turn, stall or whatever.
Yup, if it breaks 260 now it's nighty night longs and welcome 1.4. But somehow I think it will turn, and a mighty turn it will be.
On the path to Enrichment.
  • #34,918
  • Sep 29, 2008 2:45am Sep 29, 2008 2:45am
lets make some money on this retracement...
  • #34,919
  • Sep 29, 2008 2:47am Sep 29, 2008 2:47am
Quoting zeus_ares86
im not wrong yet as i still holds numerous short positions..to me, this is still a retracement to 61.8...however,my forecast is that the bears will be tired,n the market will soon be up up and away..probably for tomorrow if not sooner..anyway,thx 4 d reply dude..appreciate it...

as 4 my other question,does any1 know where i can get the latest news that effects eurusd market??

1.I really would like to see u r analysis ..how will the bears get retreat ?

2.https://plus.dailyfx.com/tnews/index.jsp

try the link above..you may be able to get more than what your looking for.

peace out ...brother...
Fools Rushing
  • #34,920
  • Sep 29, 2008 3:00am Sep 29, 2008 3:00am
Title: EUR/USD intraday: towards 1.426.Summary: Update on supports and resistances.Story: Pivot: 1.4427

Our preference: Short positions below 1.4427 with targets @ 1.43 & 1.426 in extension.

Alternative scenario: Above 1.4427 look for further upside with 1.4515 & 1.455 as targets.

Comments: The RSI calls for a drop.
http://www.tradingcentral.com/chart/...0929092504.GIF
Fools Rushing
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