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EURUSD

  • #38,801
  • Oct 10, 2008 11:49am Oct 10, 2008 11:49am
Is it me or is something going on here? This thing is going down down down . I'm going to be leaving my short position open all weekend! Show me the and Imma .

Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd.gif Size: 31 KB
Don't be afraid to challenge the pros, even in their own backyard.
  • #38,802
  • Oct 10, 2008 11:51am Oct 10, 2008 11:51am
As I was saying since this morning (before London session) it's retracement and down we go.

http://www.forexfactory.com/showthre...58#post2272458

But, with the weekend now and G7 it's not the best time to be in the market. On the other hand, if there's a big gap again, which sounds likely to me, it'll probably be down anyway.

Have a great weekend everybody.
On the path to Enrichment.
  • #38,803
  • Oct 10, 2008 12:06pm Oct 10, 2008 12:06pm
Pip Gal ,
How bout that AU. is it close to a reload? it is 6566...
T.S.
  • #38,804
  • Oct 10, 2008 12:08pm Oct 10, 2008 12:08pm
Quoting T.s.
Pip Gal ,
How bout that AU. is it close to a reload?
Looking like it...the 4H chart indicates it can go higher tho, so I would spread your positions just in case it does.

Edit: but momentum again, is abysmal
  • #38,805
  • Oct 10, 2008 12:10pm Oct 10, 2008 12:10pm
Quoting merweg
You go to bed early. Its only 6.42PM right now in your country.
nah, actually it's 3:10am over here in Australia
  • #38,806
  • Oct 10, 2008 12:11pm Oct 10, 2008 12:11pm
Quoting PipGal
Looking like it...the 4H chart indicates it can go higher tho, so I would spread your positions just in case it does.

Edit: but momentum again, is abysmal
i dont think .. abysmal is the correct phrase. everyone is still catching their breath from the first move. i dont think people are even watching anymore
  • #38,807
  • Oct 10, 2008 12:18pm Oct 10, 2008 12:18pm
the EUR 30M chart looks like a beautiful bear flag .... or ... a double bottom. only time will tell. double bottom would be interesting.
  • #38,808
  • Oct 10, 2008 12:19pm Oct 10, 2008 12:19pm
and 15min candles are shorter and shorter as we are aproaching the week low.
i think we all have finger on a trigger
  • #38,809
  • Oct 10, 2008 12:22pm Oct 10, 2008 12:22pm
Quoting jmaster
and 15min candles are shorter and shorter as we are aproaching the week low.
i think we all have finger on a trigger
i sure as hell do.
  • #38,810
  • Oct 10, 2008 12:24pm Oct 10, 2008 12:24pm
bounce or collapse here at the LOW...
FUBAR...
  • #38,811
  • Oct 10, 2008 12:24pm Oct 10, 2008 12:24pm
its like watching slow motion
  • #38,812
  • Oct 10, 2008 12:26pm Oct 10, 2008 12:26pm
The hole in the floor just became a hole in the basement.

Damn bunker busters.

m
  • #38,813
  • Oct 10, 2008 12:28pm Oct 10, 2008 12:28pm
verdict is in. my 200sma weekly target in sight before 3pm (3370)
Attached Image
FUBAR...
  • #38,814
  • Oct 10, 2008 12:32pm Oct 10, 2008 12:32pm
Quoting jmaster
its like watching slow motion
fast enough for you now?
  • #38,815
  • Oct 10, 2008 12:32pm Oct 10, 2008 12:32pm
Quoting ak4x
verdict is in. my 200sma weekly target in sight before 3pm (3370)

Hey that looks like Trichet's flappers
  • #38,816
  • Oct 10, 2008 12:33pm Oct 10, 2008 12:33pm
Quoting acumen
The hole in the floor just became a hole in the basement.

Damn bunker busters.

m
No kidding! Is there any chance of a quick 50pip bounce?
  • #38,817
  • Oct 10, 2008 12:37pm Oct 10, 2008 12:37pm
is 33.20 realistic!?!?
  • #38,818
  • Oct 10, 2008 12:43pm Oct 10, 2008 12:43pm
Quoting Epipany
No kidding! Is there any chance of a quick 50pip bounce?
It's rare to see a retrace on any sustained break of a known floor.

Mike
  • #38,819
  • Oct 10, 2008 12:44pm Oct 10, 2008 12:44pm
Well, I got stopped on my long and took a hit. What the hell, we all have those.

I had a plan B, short at 3463. I might get lucky and take a profit from that one.
Not all sins are created equal
  • #38,820
  • Oct 10, 2008 12:46pm Oct 10, 2008 12:46pm
Quoting acumen
It's rare to see a retrace on any sustained break of a known floor.

Mike
Acumen,

What's driving this crazyness?

KT
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