EURUSD | Page 1967 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #39,321
  • Oct 15, 2008 12:37am Oct 15, 2008 12:37am
Quoting psiholog
honestly....im not worried one bit about your position as my take profit is at 1.3800....too many fundies coming into play now that should clear the picture up and favor the euro for some time...if this world has any logic left in it...i mean comon..flood the markets with dollars as boj is doing....that can only spell trouble for the dollar right?...economics 101 even i should get that right...
*comments from Psiholog releasing endorphins*

Aaaaaawwwwwwww...I feel much better now. Thanks
Not all sins are created equal
  • #39,322
  • Oct 15, 2008 12:38am Oct 15, 2008 12:38am
Quoting Jay Walker
Long at 3708. It looks bad right now but in my defense, I'd like to say that

- It seemed like a good idea at the time

- I trade on the daily chart

My S/L is wide - currently sitting at 3254
Well it could still work out for you because look on the daily how many times it has gone past 3708. If it's done it that many times, then what is one more time? It could still get there on its way to test of the 37900 level.

No one knows for sure what will happen but you have your stop loss and MM rules, so you should be fine either way
  • #39,323
  • Oct 15, 2008 12:41am Oct 15, 2008 12:41am
Quoting Jay Walker
*comments from Psiholog releasing endorphins*

Aaaaaawwwwwwww...I feel much better now. Thanks


im not a self proclaimed psychologist for nothing

on another note..we break that 1.3610....oh baby!
Different opinions highly valued, ignorant to slander.
  • #39,324
  • Oct 15, 2008 12:42am Oct 15, 2008 12:42am
Time will tell really. I think it will work (I would need a 364 pips drop to get stopped out) and I doubt that it will happen in one day.

The London open is always an interesting time. Let's see if I get any love.
Not all sins are created equal
  • #39,325
  • Oct 15, 2008 12:43am Oct 15, 2008 12:43am
Quoting Jay Walker
Time will tell really. I think it will work (I would need a 364 pips drop to get stopped out) and I doubt that it will happen in one day.

The London open is always an interesting time. Let's see if I get any love.
Yeah true. Anything is possible in this market at the moment so yeah, I wouldn't rule anything out either way at this stage either
  • #39,326
  • Oct 15, 2008 12:45am Oct 15, 2008 12:45am
i expect some resistance at 1.36 and stronger at 1.3624 if it goes north.

Edit : With EJ expected to face some resistance 138.45
  • #39,327
  • Edited 1:17am Oct 15, 2008 1:01am | Edited 1:17am
an update of my analysis....after breaking the first resistance i listed just now....the second one (1.3610) is putting up a strong fight....fibs also act as secondary supports/resistance now...

we may see a retest of the descending triangle (hope not)....to be seen

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 36 KB


Edit: locked in 1/2half profit off that move at 50pips+(other half stop loss at entry)...if we retrace down to lets say 1.3600 area and we see strong support i will add more longs
Different opinions highly valued, ignorant to slander.
  • #39,328
  • Oct 15, 2008 1:17am Oct 15, 2008 1:17am
already it bothered of many days flet (
  • #39,329
  • Oct 15, 2008 1:20am Oct 15, 2008 1:20am
50% of my long position is closed .. and the remainig 50% with stop at entrypoint
The best thing that can happen to you is to find out where you're wrong.
  • #39,330
  • Oct 15, 2008 1:22am Oct 15, 2008 1:22am
as i will always employ the usage of channels and always look out for any possible forming ones...i think its worth noting the one that may have formed on top of the known supports/resistances

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 39 KB
Different opinions highly valued, ignorant to slander.
  • #39,331
  • Oct 15, 2008 1:26am Oct 15, 2008 1:26am
here is another perspective on EU for both a 15min, and 1hr. IF we can close above 3726, then I'll be looking for the retrace for longs,

BUT as it stands now, when EU hits its 61.8% retrace on the 1hr, which as you can see intercepts the 50% fib fan (which was last resistance) I'll be looking to shorts as indicated by the red circle.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eufib.JPG Size: 295 KB
Click to Enlarge Name: eufib2.JPG Size: 217 KB
  • #39,332
  • Oct 15, 2008 1:27am Oct 15, 2008 1:27am
Hello Traders

Taking a look at charts, I see H1 shows price hitting a slew of MA's right now!....21EMA, 55 and 200MA.....hmmmmmm

You can also throw in the daily PP and a fib level for good measure...
  • #39,333
  • Oct 15, 2008 1:38am Oct 15, 2008 1:38am
hey bro first of all let me tell u that u r far better a trader than me at least .


and secondly i am long because of that news u told us about earlier the boj flooding the markets with dollors news i am long from 1.3618 i hope that this is not a rumor and it happens aswell . and driver i want to know ur prospective about it aswell . plz guide me a bit here fellows.

thanx
trying to learn and acquire knowledge
  • #39,334
  • Oct 15, 2008 1:46am Oct 15, 2008 1:46am
Quoting imzz
hey bro first of all let me tell u that u r far better a trader than me at least .


and secondly i am long because of that news u told us about earlier the boj flooding the markets with dollors news i am long from 1.3618 i hope that this is not a rumor and it happens aswell . and driver i want to know ur prospective about it aswell . plz guide me a bit here fellows.

thanx
oh no. while i still feel very bullish until at least 1.3675....please dont make any trading decisions in the future only based on what i say. use my perspective only as a second opinion and trust your indicators/knowledge to make any decisions. this way you develop your own strategy into a consistent method and dont point the finger at me in case it goes the other way.

on another note...i apreciate your support
Different opinions highly valued, ignorant to slander.
  • #39,335
  • Oct 15, 2008 1:47am Oct 15, 2008 1:47am
Quoting imzz
hey bro first of all let me tell u that u r far better a trader than me at least .


and secondly i am long because of that news u told us about earlier the boj flooding the markets with dollors news i am long from 1.3618 i hope that this is not a rumor and it happens aswell . and driver i want to know ur prospective about it aswell . plz guide me a bit here fellows.

thanx
Trading is very personal ...
For example, I have close 50% of mz long at 3621 ..
I expect a retrace towards 3595 to 3585 .. and then we will see
The best thing that can happen to you is to find out where you're wrong.
  • #39,336
  • Oct 15, 2008 1:47am Oct 15, 2008 1:47am
next resistance expect at 1.3640, stronger@ 1.3652
  • #39,337
  • Oct 15, 2008 1:49am Oct 15, 2008 1:49am
Hi Every1,
for a long time I've been an observer of this forum and not a contributor.
I do appreciate all the input and thoughts that every1 contributes.
I think that we do all agree that these times are definately an extraordinary times... the market recently seems to be moving in the opposite direction of everything we've learned about technical and fundemantal analysis... but through it all, we are still trying to make sence of a senceless situation.
at this time, there are technical indicators that the eu might be heading north... and there are others supporting a downturn.
the adage (when nothing is certain, everything is possible) seems to very much apply here...
the only thing that might be certain today ( in my view), is that there is going to be a massive move (up or down... who knows for sure)... given the fundemantal releases and uncertainty of direction in the last couple of days...
anyway, wishing all of you the best of luck, and look forward to reading your valued input.
JK
Prepare for the worst, hope for the best & live the moment...
  • #39,338
  • Oct 15, 2008 1:49am Oct 15, 2008 1:49am
i wont point fingers towards no one whatever the decision i take is thoroughly mine i just wanted to confirm that the news u told us about was a fact rather than a rumor . u can see i am getting some profit at the moment i can get rid of it but i just wanted to prolong it and wanted to confirm ur news and have ur opinion about that praticular buying point.

thanx again bro.
trying to learn and acquire knowledge
  • #39,339
  • Oct 15, 2008 1:55am Oct 15, 2008 1:55am
Quoting imzz
i wont point fingers towards no one whatever the decision i take is thoroughly mine i just wanted to confirm that the news u told us about was a fact rather than a rumor . u can see i am getting some profit at the moment i can get rid of it but i just wanted to prolong it and wanted to confirm ur news and have ur opinion about that praticular buying point.

thanx again bro.
check bloomberg.com...http://www.bloomberg.com/apps/news?p...mCw&refer=home

very reliable source i watch bloomberg tv for my news all the time
Different opinions highly valued, ignorant to slander.
  • #39,340
  • Oct 15, 2008 1:57am Oct 15, 2008 1:57am
Hit my first target from 3550 to 3630. Watch for resistance here. A break of that can push to 3700.

Edit: A break below 3600 finds support possibly at 3550 again on a trendline that started Sunday.
491 traders viewing now, 1 is registered:
brandon12127