EURUSD | Page 1993 | 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

  • #39,841
  • Oct 16, 2008 11:40pm Oct 16, 2008 11:40pm
Quoting big_pipin
eu, gu , and uj are poised for a breakout...pay attention here.
AU is crashing too..hope uj follows
  • #39,842
  • Oct 16, 2008 11:43pm Oct 16, 2008 11:43pm
Quoting psiholog
heres my theory on us news. good or bad it will boost stocks up. why?..simple...the vix was at 81....all time high...stocks hit a major low and many \"expert analysis opinions\"(the guys who spoonfeed us the bs that the markets eat right up) say if the stock market goes any lower we face economic meltdown. in other words we hit rock bottom and if the market makers let things go even lower...they wont be able to make money just like the rest who were massively affected...i think they want to avoid that situation. stocks go up...dollar gets weaker against most major currencies but stronger versus the yen

combine those fundies with this technical pattern the inverted h&s ...a clear bottom formed at the end of a major downtrend (you could even say the start was at1.6 if you ignore the small retracements)....the eur/usd has nowhere to go but up

then again...lack of sleep may have made me ignorant to the current situation...playing against the trend...only a crazy bull like myself would do that
I have similar thoughts, except that any market is "bottom-less" ....... it is our risk if we are at the receiving-end and not at the giving-end.
The Thief of Wall Street
  • #39,843
  • Oct 16, 2008 11:46pm Oct 16, 2008 11:46pm
This chart clearly tells me it's time to put my H&S on my pillow. G'nite.
Attached Image
FUBAR...
  • #39,844
  • Oct 16, 2008 11:47pm Oct 16, 2008 11:47pm
ready for somethin'
  • #39,845
  • Edited Oct 17, 2008 12:02am Oct 16, 2008 11:51pm | Edited Oct 17, 2008 12:02am
Euro about to move..

edit:

closed longs + ...??
  • #39,846
  • Oct 16, 2008 11:57pm Oct 16, 2008 11:57pm
Let's see how much hot air this EUR/USD balloon has. What do you think it will fly upto?
The Thief of Wall Street
  • #39,847
  • Oct 16, 2008 11:58pm Oct 16, 2008 11:58pm
Quoting TIckerShuffl
Euro about to explode
Why do you say that? Any reasons? And what direction?
  • #39,848
  • Oct 17, 2008 12:03am Oct 17, 2008 12:03am
Quoting Chicky
Let's see how much hot air this EUR/USD balloon has. What do you think it will fly upto?
i see 1.3670 as a strong possibility to fill the void that has been left last 2 days ...even 1.38 is a possibility to fill the gap left some weeks ago....there is alot of bull power that has accumulated recently thats all i can say...when it goes up...its targets will be...decent
Different opinions highly valued, ignorant to slander.
  • #39,849
  • Oct 17, 2008 12:05am Oct 17, 2008 12:05am
I am flush atm...

going to see how this play
s out
  • #39,850
  • Oct 17, 2008 12:15am Oct 17, 2008 12:15am
Quoting TIckerShuffl
I am flush atm...

going to see how this play
s out
please note i only say this as a self proclaimed psychologist and have no intent to insult or judge

it seems to me your emotions get the best of you..."euro looks like its about to explode"...but now you are on the sidelines. either emotions or your over leveraged.

the reason i mention it is because im curious...if you do think it will explode...isnt this one of the times that taking a risk is worth it?...even if it turns out to be a loss?...i mean how often is it that we get a clear signal of anything these days...just wondering thats all
Different opinions highly valued, ignorant to slander.
  • #39,851
  • Oct 17, 2008 12:19am Oct 17, 2008 12:19am
Quoting psiholog
please note i only say this as a self proclaimed psychologist and have no intent to insult or judge

it seems to me your emotions get the best of you...\"euro looks like its about to explode\"...but now you are on the sidelines. either emotions or your over leveraged.

the reason i mention it is because im curious...if you do think it will explode...isnt this one of the times that taking a risk is worth it?...even if it turns out to be a loss?...i mean how often is it that we get a clear signal of anything these days...just wondering thats all
Good call.
The Thief of Wall Street
  • #39,852
  • Oct 17, 2008 12:23am Oct 17, 2008 12:23am
What u guys think about gold today? Where is the next stop...
  • #39,853
  • Oct 17, 2008 12:27am Oct 17, 2008 12:27am
Quoting Msattar
What u guys think about gold today? Where is the next stop...
$855 before it drops $15 to $140 ..... the only issue is, we are nearing a week-end.
The Thief of Wall Street
  • #39,854
  • Oct 17, 2008 12:28am Oct 17, 2008 12:28am
Quoting psiholog
even 1.38 is a possibility to fill the gap left some weeks ago....
That gap was already filled. May be that your broker closes before NY Friday close or after Aussie open Monday morning.

I however do agree that we should see a nice a move up. The 4 hr shampoo formation may even play out. There is however a bit of resistance to break through, so it may be a rough trip. Not much there to stall a downside move.

A break down should see at least a double bottom or even a new low.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB
  • #39,855
  • Oct 17, 2008 12:32am Oct 17, 2008 12:32am
Quoting Chicky
$855 before it drops $15 to $140 ..... the only issue is, we are nearing a week-end.
So in the next week...Short could be preffered?
  • #39,856
  • Oct 17, 2008 12:36am Oct 17, 2008 12:36am
Quoting NuckingFuts
That gap was already filled. May be that your broker closes before NY Friday close or after Aussie open Monday morning.

I however do agree that we should see a nice a move up. The 4 hr shampoo formation may even play out. There is however a bit of resistance to break through, so it may be a rough trip. Not much there to stall a downside move.

A break down should see at least a double bottom or even a new low.
probably right...the broker. that friday closed at 1.3804 and the high afterwards was 1.3784. your right about the volatility though..we should see a little considering its friday and london session about to open..if we break that 1.3525..oh boy..
Different opinions highly valued, ignorant to slander.
  • #39,857
  • Oct 17, 2008 12:37am Oct 17, 2008 12:37am
Quoting Msattar
So in the next week...Short could be preffered?
I would stay away from shorting glitter for a day and take a chance for a two-day long week-end - you never know what happens to USD over the week-end. Some reports are due tomorrow.
The Thief of Wall Street
  • #39,858
  • Oct 17, 2008 12:51am Oct 17, 2008 12:51am
Entered additional shorts from 3506 EU, 3716 EJ, and 176.07 GY with TP of 172.75(not too happy about that entry actually) but in for a pip, in for a pound... (get it? I thought that was cute)

All 8 running shorts (no longs anywhere in the herd...) have at least 20% taken off already to pay the spread, and at least +1 pip or more locked in for profit. Will take some more off at the first Support level and call it all good for the night. So. There are no longs and no losers anywhere in that roster.

All this thinking and feeling is making me crazy. SL's and TP's are set, the rest will be history soon. Be back on Sunday nite.
Attached Image
FUBAR...
  • #39,859
  • Edited 1:16am Oct 17, 2008 1:12am | Edited 1:16am
Hi everyone

I've posted a pic with some analysis of what I think are going to be some key levels for figuring out how to trade today. Check it out

edit: I made a typo in the pic. Just to clarify. If the upper pink line is breached then I would go Long for a few pips. If the lower pink line is breached then I would go short for a few pips.
Attached Image (click to enlarge)
Click to Enlarge Name: quick daily analysis.JPG Size: 243 KB
  • #39,860
  • Oct 17, 2008 1:24am Oct 17, 2008 1:24am
Quoting ak4x
Entered additional shorts from 3506 EU, 3716 EJ, and 176.07 GY with TP of 172.75(not too happy about that entry actually) but in for a pip, in for a pound... (get it? I thought that was cute)

All 8 running shorts (no longs anywhere in the herd...) have at least 20% taken off already to pay the spread, and at least +1 pip or more locked in for profit. Will take some more off at the first Support level and call it all good for the night. So. There are no longs and no losers anywhere in that roster.

All this thinking and feeling is making me crazy. SL's and TP's are set, the rest will be history soon. Be back on Sunday nite.
wow, you have some nice money in profits there dude, well done
3,994 traders viewing now