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  • #40,161
  • Oct 20, 2008 8:43am Oct 20, 2008 8:43am
Quoting Forbes55
don't worry it will go up now because it's already near bottom
please where is the bottom ? If there is!
  • #40,162
  • Oct 20, 2008 8:43am Oct 20, 2008 8:43am
Quoting Forbes55
don't worry it will go up now because it's already near bottom
yeah, i'm think that is more likely than it falling all the way down. It may test the 3300 or 3250 level but I doubt it. Or if it does test those levels, then I'd predict a bounce back up to the 3400 level.

Who knows for sure though?
  • #40,163
  • Oct 20, 2008 8:46am Oct 20, 2008 8:46am
indicators are not going along on this drop...could be headfake.
  • #40,164
  • Oct 20, 2008 8:51am Oct 20, 2008 8:51am
Lets hope for my accounts sake that it goes up, I can't afford any more losses... I am also long. and I need it to go a LONGGG way up. that would just be great.


Quoting psiholog
this felt like a manipulated move to take in profits...still long that is after getting stopped out and reentering at 1.3348...still 1.3600 in sight....if im wrong this time...boo hah
  • #40,165
  • Oct 20, 2008 8:51am Oct 20, 2008 8:51am
not all USD pairs are dropping.. U/J not
Money often costs too much...
  • #40,166
  • Oct 20, 2008 8:55am Oct 20, 2008 8:55am
Quoting phedrus
Lets hope for my accounts sake that it goes up, I can't afford any more losses... I am also long. and I need it to go a LONGGG way up. that would just be great.
This is what caused me failure in forex..hope u will not ....most of my big losses happened when i manipulated my stop loss in favour of my hope ..and more i more i loose....just don't move ur SL .

Bernanke will speak in few minutes...hope he speak in favour of ur trade and goes up and up.....
  • #40,167
  • Oct 20, 2008 8:57am Oct 20, 2008 8:57am
I think entry is more important than s/l
Money often costs too much...
  • #40,168
  • Oct 20, 2008 8:58am Oct 20, 2008 8:58am
I hope H4 close near 1.3384.
I closed my short, Keep Praying!
I hope next H4 have a low of 1.3343.
  • #40,169
  • Oct 20, 2008 8:59am Oct 20, 2008 8:59am
I am always hopeful, that is just the kind of guy I am. But I still play smart.... most of the time. I am still new to this game, but I am learning quick.



Quoting athahira
This is what caused me failure in forex..hope u will not ....most of my big losses happened when i manipulated my stop loss in favour of my hope ..and more i more i loose....just don't move ur SL .

Bernanke will speak in few minutes...hope he speak in favour of ur trade and goes up and up.....
  • #40,170
  • Oct 20, 2008 9:02am Oct 20, 2008 9:02am
Chairman Ben S. Bernanke

Economic outlook and financial markets

Before the Committee on the Budget, U.S. House of Representatives

October 20, 2008


http://federalreserve.gov/newsevents...e20081020a.htm
Money often costs too much...
  • #40,171
  • Oct 20, 2008 9:04am Oct 20, 2008 9:04am
ok guys heres how things stand right now...its pretty clear. earlier we broke the "triangle" to the upside...false breakout which met heavy resistance at 1.3525. now we broke to the downside. as most often occurs...retests of the breakout wall occurs so it should be watched carefully now...value is 1.3395/1.3405 right now.....if it does get reached it may act as resistance...if it doesnt...big bull move on the way. to the downside...we break 1.3300 decisively...well obviously new low on the way

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 44 KB


sidenote:dow is up 200points again yet eur/usd is not...could we be seeying the end of the previous correlation?..i hope not =/
Different opinions highly valued, ignorant to slander.
  • #40,172
  • Oct 20, 2008 9:14am Oct 20, 2008 9:14am
Assuming the US economic recovery will fuel global growth, I can imagine there will be unprecedented dollar buying from forein nations to not only prop up US economy, but to invest in US property, companies and even equity markets. Granted there is already plenty of foreign investment in US dollars in the form of treasuries and this could provide an abundance of cash to those investors looking for other opportunity without having to buy dollars on the open market, but will foreign investors want to liquidate or continue to collect on those investments?

I guess at least part of the future of the USD will be told by the US treasury markets. I'll have to watch close and see if this is something that can effect currency markets going forward.
  • #40,173
  • Oct 20, 2008 9:31am Oct 20, 2008 9:31am
Downtrend is still intact.It should continue to fall to 1.3395 or 1.3354 if resistance at 1.3436 area doesnt break . Direct rise above 1.3436 could turn the picture bullish for a corrective up move to 1.3461 or even 1.3486 limit .
  • #40,174
  • Oct 20, 2008 9:32am Oct 20, 2008 9:32am
big bull move on the way.


I doubt that. There is no reason for the EURO to bull again. Their financial district is still failing. I forecast the same bear pair. The triangle was not broken, we were simply in a consolidation phase, and now it is resuming its momentum.

As for the US currency, the US will always be viewed as an attractive currency; As long as the oil is down, the US is up
I have not failed. I've just found 10,000 ways that won't work -
  • #40,175
  • Oct 20, 2008 9:37am Oct 20, 2008 9:37am
..... and I bought, and now!!!
  • #40,176
  • Oct 20, 2008 9:40am Oct 20, 2008 9:40am
Quoting BoredToLoose
..... and I bought, and now!!!
RSI on half hour is saying to long ....but i will short on 3330 and long 3300....just for few pips to compensate my loss.....

  • #40,177
  • Oct 20, 2008 9:43am Oct 20, 2008 9:43am
I think it gonna reverse from my TA ..
It has reach Session daily pivot S3
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 32 KB
R1 BPL R2 FA R3 CL ALL still ON
  • #40,178
  • Oct 20, 2008 9:44am Oct 20, 2008 9:44am
Quoting GrodoT
I think it gonna reverse from my TA ..
It has reach Session daily pivot S3

It will definitely reverse and then resume .. review the past curves on the H4
I have not failed. I've just found 10,000 ways that won't work -
  • #40,179
  • Oct 20, 2008 9:46am Oct 20, 2008 9:46am
hi guys back from a week off from Forex. I was really sad because of terrible bad day with 400 pips lost and very tired after 3 months without a break.

Now I come back regenerated and short from 1.34 with 2/3 of my trade. Do you think this could be a nice medium term short or not? Is it too early to say that? Thanks guys
  • #40,180
  • Oct 20, 2008 9:52am Oct 20, 2008 9:52am
Quoting Algirdas
Still Range Trade. I do not trade for now.
I would Buy EUR/USD near 1.3353, and Sell USD/CHF near 1.1487
I still do not trade, my mission was to tell you that USD will get Stronger this morning, still looking for exactly safe Entry
It's nice if you went EUR/USD Short on this information.

But I want to give you safe Calls as much as I can..
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