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EURUSD

  • #40,221
  • Oct 20, 2008 12:44pm Oct 20, 2008 12:44pm
fundamentally like last few week when dow is climb up eur must be going up
i can read anything right now
like nobody want to do trade right now
what they wait for
  • #40,222
  • Oct 20, 2008 12:47pm Oct 20, 2008 12:47pm
Quoting kongsar168
fundamentally like last few week when dow is climb up eur must be going up
i can read anything right now
like nobody want to do trade right now
what they wait for
People waiting for sense of direction. This level is good place to get shipsawed out of your money,.
  • #40,223
  • Oct 20, 2008 12:47pm Oct 20, 2008 12:47pm
Quoting anwarsadique
This does not have any strength to move up.. I would add more to my shorts at current price, 1.3306
Man whats going on,, i am going to dumb my position for break even or few pips profit
  • #40,224
  • Oct 20, 2008 12:54pm Oct 20, 2008 12:54pm
Quoting emda
you can get crazy trying to figure out all the correlations... it's enough to look only at one chart... the one that you trade...
i placed an order 3 hours ago and said screw the chart...but if you want to take a peek here it goes...5min chart not the usual 15min...portrays price action better
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Edit: i do want to say this in defense of all fundamentalists as they were insulted earlier. The world in general goes round....there is correlations between the news...stock market..commodities..whatever. Long term traders use mainly that with few indicators to get the long term picture that dictates their long term trades. Scalpers such as myself use the news for an entirely different purpose...to develop bias intraday. That means news of the day in correlation to the longer term news dictates bias for that particular day. So we are all frustrated when a day like today comes....everything does one thing..and the currency market another
Different opinions highly valued, ignorant to slander.
  • #40,225
  • Oct 20, 2008 12:56pm Oct 20, 2008 12:56pm
My thoughts, EUR/USD doesn't have the strength to bounce, just opened a [email protected] [email protected] [email protected]

Lets see what happens.

GL
  • #40,226
  • Oct 20, 2008 12:58pm Oct 20, 2008 12:58pm
Quoting anwarsadique
Man whats going on,, i am going to dumb my position for break even or few pips profit
Be careful not to switch sides too often. The best advice is to follow the current trend, which to me is down. Instead of riding the bull move up on a down trend, I would suggest wait for the move, and watch it test a resistance..then go short again.
  • #40,227
  • Oct 20, 2008 1:19pm Oct 20, 2008 1:19pm
Quoting amed12
Possible move for week 10/19/08

EUR/USD

1.3800 H
1.3100 L

360 pips for the week

360 pip divergence / 5 days = 72pip break


360 - 72 = 288 pip potential profit in place for this week.
No change go to 1.31 by the end of the week.
  • #40,228
  • Oct 20, 2008 1:27pm Oct 20, 2008 1:27pm
Quoting amed12
No change go to 1.31 by the end of the week.
So, Are you saying that we will see 1.38 before 1.31????
If your range for the week is 1.38/1.31, if you see 1.31 by the end of the week, when do you will see 1.3800?
  • #40,229
  • Oct 20, 2008 1:43pm Oct 20, 2008 1:43pm
Quoting TIckerShuffl
People waiting for sense of direction. This level is good place to get shipsawed out of your money,.
By the way... many of the NY desks won't trade after 11:00am... and if they do it will be to chase stops.... I mean... if stop hunting existed.
  • #40,230
  • Oct 20, 2008 2:05pm Oct 20, 2008 2:05pm
Always much better to Intra-day trade during high volume times of the day...

One hour before and after London Open and again during London close to US Open..

Really only 2 good times to trade during a 24 hour period. They are as follows:

Pacific Time: 11:00pm - 2:00am

and also:

Pacific Time: 5:00am - 10:00am

Anything other than those times are for traders who are holding positions for several days or more.....
  • #40,231
  • Oct 20, 2008 2:27pm Oct 20, 2008 2:27pm
Quoting BoredToLoose
So, Are you saying that we will see 1.38 before 1.31????
If your range for the week is 1.38/1.31, if you see 1.31 by the end of the week, when do you will see 1.3800?

i see one by the end of the week. this is a calculator for the week.when the week start i dont know where he go but now i see the trend is down i see 1.3100.
  • #40,232
  • Oct 20, 2008 2:55pm Oct 20, 2008 2:55pm
Now Take 1/4 profit from all trades EUR,GBP,USD/CHF and USD/CAD, and move Stops to ENTRY. Later I'll make new Update.
{Promotion Removed}
  • #40,233
  • Oct 20, 2008 3:07pm Oct 20, 2008 3:07pm
Quoting kandarv
My thoughts, EUR/USD doesn't have the strength to bounce, just opened a [email protected] [email protected] [email protected]

Lets see what happens.

GL
Interesting trade.
  • #40,234
  • Oct 20, 2008 3:11pm Oct 20, 2008 3:11pm
EURUSD is finally slowing down and getting back to it's normal "drifting" mode that we have been accustomed to for years on end.

I am coming out of the woodwork to start trading iit again.
  • #40,235
  • Oct 20, 2008 3:23pm Oct 20, 2008 3:23pm
Quoting tdion
EURUSD is finally slowing down and getting back to it's normal \"drifting\" mode that we have been accustomed to for years on end.

I am coming out of the woodwork to start trading iit again.
lol

Yeah, this thing has been a little out of character as of late.
  • #40,236
  • Oct 20, 2008 3:31pm Oct 20, 2008 3:31pm
well now...today looks promising for euro bulls..mainly me hah..heres why
stock market put in a good day...much better then previous weeks(+400point gain and a close well above 9200)....commodities rallied as well...especially oil...panic/fear does not seem as crucial as a week ago as our president said(thinking about that one)....libor improving (if i ever learn what that means..just know in loose terms it relates to banks lending rates)...this is the fundamental aspect of things in direct correlation to what usually drives eur/usd up lately

from a technical point of view..we finally broke out of that tight price range for the past 4-5 hours...price action looks like a bell curve (not that patterns matter these days)...now fibs should be watched...we could reach 61.8% possibly even higher but for now...many resistances on the way fairly close to the psychological fib levels...usd/jpy also seems to be going up (strong correlation there)

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theres my 2 cent analysis...it in no way is saying go long..if you do based on just this and not your own indicators...you are making a huge mistake....i am a second opinion only and i am plenty wrong plenty of the time
Different opinions highly valued, ignorant to slander.
  • #40,237
  • Oct 20, 2008 3:49pm Oct 20, 2008 3:49pm
what happened with thos options expiring today and 1.3600 ? LOL

but it's ok I didn't lose a pip.. and I have another long at 1.3294.
  • #40,238
  • Oct 20, 2008 3:51pm Oct 20, 2008 3:51pm
Quoting tdion
EURUSD is finally slowing down and getting back to it's normal \"drifting\" mode that we have been accustomed to for years on end.

I am coming out of the woodwork to start trading iit again.
Can u help us define price action here .... my eyes start hurting while the price crawling up 40 pips ...

Maybe we shall fire the trade ...come back next day and see the results ..and next fire again ...and next day we go.....

...Any suggestions is really appreciated
  • #40,239
  • Oct 20, 2008 3:52pm Oct 20, 2008 3:52pm
[quote=psiholog;2291766]well now...today looks promising for euro bulls..mainly me hah..heres why
stock market put in a good day...much better then previous weeks(+400point gain and a close well above 9200)....commodities rallied as well...especially oil...panic/fear does not seem as crucial as a week ago as our president said(thinking about that one)....libor improving (if i ever learn what that means..just know in loose terms it relates to banks lending rates)...this is the fundamental aspect of things in direct correlation to what usually drives eur/usd up lately

from a technical point of view..we finally broke out of that tight price range for the past 4-5 hours...price action looks like a bell curve (not that patterns matter these days)...now fibs should be watched...we could reach 61.8% possibly even higher but for now...many resistances on the way fairly close to the psychological fib levels...usd/jpy also seems to be going up (strong correlation there)

Attachment


Right on the money, Fib is being excuted. I have mentioned that a couple of pages earlier. I thought none would have agreed, I am glad your sensing it
I have not failed. I've just found 10,000 ways that won't work -
  • #40,240
  • Oct 20, 2008 4:19pm Oct 20, 2008 4:19pm
I never said anything about price action.... nor do I say that I have a trade in play right now....

What I'm saying is that the ATR is coming back down to its traditional levels again.... (if you don't know what ATR is, google it)

When the EURUSD has been choppy as hell as of late, it completely destroys my strategies. Not that my strategies guarantee any profits, but these chaotic conditions of late sure haven't helped anything.

Quoting athahira
Can u help us define price action here .... my eyes start hurting while the price crawling up 40 pips ...

Maybe we shall fire the trade ...come back next day and see the results ..and next fire again ...and next day we go.....

...Any suggestions is really appreciated
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