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EURUSD

  • #41,261
  • Oct 23, 2008 12:20pm Oct 23, 2008 12:20pm
Quoting ak4x
besides, i'm working on kinder and gentler.
I heard that!
Up or down, gimme a ticket
  • #41,262
  • Oct 23, 2008 12:22pm Oct 23, 2008 12:22pm
the way i see it...1.3825/1.3795 is the range to be watched...as long as price action sticks above 1.3825 higher likelyhood of more up moves...below 1.3795..well the opposite...and as i always say...when price action sticks to one side of the wall...it usually breaks to the other...then again...it switched sides several times last 24 hours so its hard to say what comes next...i got my money on short at the moment

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 29 KB


hope market makers not lurking here...those spys...
Different opinions highly valued, ignorant to slander.
  • #41,263
  • Oct 23, 2008 12:23pm Oct 23, 2008 12:23pm
The current 4hr chart shows pinch forming up on inner Bollinger band....current candle white, but below the basis line = indeterminant direction. But the high relative volume spikes (yellow) indicate big trading interest down here. You know what they say....."Buy low, sell high."

It remains to be seen how this plays out. Good trading to all.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4hr #2 10-23-2008.gif Size: 60 KB
  • #41,264
  • Oct 23, 2008 12:24pm Oct 23, 2008 12:24pm
Quoting psiholog
the way i see it...1.3825/1.3795 is the range to be watched...as long as price action sticks above 1.3825 higher likelyhood of more up moves...below 1.3795..well the opposite...and as i always say...when price action sticks to one side of the wall...it usually breaks to the other...then again...it switched sides several times last 24 hours so its hard to say what comes next...i got my money on short at the moment

Attachment

hope market makers not lurking here...those spys...
Psi, I love your posts, but don't you mean 1.2825/1.2795? Unless I'm missing your meaning, you've been 1000 PIPs off for two days now.
Up or down, gimme a ticket
  • #41,265
  • Oct 23, 2008 12:25pm Oct 23, 2008 12:25pm
Yep take what the market gives you is a good play in this crazy market. I got 24 pips on that last run down. Notice since the big run down on Tues, I have never so many wick on the 1 HR candles like we have the last 2days. Which mean the market is really waiting for the next big announcement to make up its mind where to go next. Interesting to see when the Fed cut intest again if this Eur has any pride left in them to take this thing up to touch the upper wall of the wedge on the daily. Then probably a big run down to the 20' if that was to happen.


Quoting acumen
Bouncey, Bouncey... off the PP.

I took a small scalp on this one for 10.

No need to be greedy.
  • #41,266
  • Oct 23, 2008 12:28pm Oct 23, 2008 12:28pm
Bloomberg TV just announced "just look at the dollar, way up against the Euro, no volatility there...."
  • #41,267
  • Oct 23, 2008 12:29pm Oct 23, 2008 12:29pm
Quoting SpecialEd
Psi, I love your posts, but don't you mean 1.2825/1.2795? Unless I'm missing your meaning, you've been 1000 PIPs off for two days now.
Psi is dreaming of big pips.
  • #41,268
  • Oct 23, 2008 12:29pm Oct 23, 2008 12:29pm
Quoting ak4x
Hey mike, just got up. got my limit sell at the DP, but hasn't gone anywhere yet. odd. got some pips locked in and going to have to look at things a little differently this morning. feels like change in the wind here...
indi's out of synch and certain correlations all confused right now.

GY, UJ an EJ just powered down to new support lows, and EU has been drifting all day... hmmmn ... gonna coffee up, and talk a walk. a good retrace is overdue and I hear the clamoring of the peasants outside the walls. hey I figure if everyone else can say what they feel, so can I besides, i'm working on kinder and gentler.

here's the thing tho ... i went long GY and EJ with tight (40) pip stops on both... (incredible R/R there)

what does thati tell you?? I'm letting eu trades run for now until better direction emerges. instincts tell me GY and EJ will rallyfor abit and drag EU up along the way from it's current levels....

totally subjective there, like bemac said, this can be a play pen as long as noone gets hurt... try to get back later and chart all this... I'm starting to have that \"what am i missing here\" feeling... ok bacl later
I smell a movement north... but I wouldn't trade it.

I'll see if I can roll out of bed for the EURO session.

m
  • #41,269
  • Oct 23, 2008 12:30pm Oct 23, 2008 12:30pm
Average Daily Range is sitting about 60 below 10-day average and the bulls and bears are fighting it out with atypical volume for this time of day. Possible that it is setting up like yesterday for a new low after NY close - - or not.
Up or down, gimme a ticket
  • #41,270
  • Oct 23, 2008 12:31pm Oct 23, 2008 12:31pm
Quoting TradeWell
Bloomberg TV just announced \"just look at the dollar, way up against the Euro, no volatility there....\"
Usually a good time to buy.

m

PS - I wouldn't though.
  • #41,271
  • Oct 23, 2008 12:40pm Oct 23, 2008 12:40pm
Quoting SpecialEd
Psi, I love your posts, but don't you mean 1.2825/1.2795? Unless I'm missing your meaning, you've been 1000 PIPs off for two days now.
yea your right...my apologies...im viewing the situation as we reached 1.38 finally before the move down starts with a possibility of 1.4100 err i mean 1.3100
Different opinions highly valued, ignorant to slander.
  • #41,272
  • Oct 23, 2008 12:45pm Oct 23, 2008 12:45pm
Last Update was this morning:

Quoting Algirdas
New Intraday Update:
EUR/USD Buy near 1.2805
GBP/USD Buy near 1.6083
AUD/USD Buy near 0.6603
NZD/USD Buy near 0.5853

USD/CAD Selling since 1.2730
USD/CHF Sell near 1.1657
USD/JPY sell near 98.01
When NZD and AUD will be "Even" move Stops near Entry for all pairs,,,,,First ,,,Target Summary looking for 500 pips,,,,,next Target about 1500 (Summary all pairs)
{Promotion Removed}
  • #41,273
  • Oct 23, 2008 12:49pm Oct 23, 2008 12:49pm
Attached 30min chart shows breakout strengthening.....
Attached Image (click to enlarge)
Click to Enlarge Name: eu 30min #2 10-23-2008.gif Size: 62 KB
  • #41,274
  • Oct 23, 2008 12:53pm Oct 23, 2008 12:53pm
Quoting traderathome
Attached 30min chart shows breakout strengthening.....
It reached the top of the channel and backed off. If it stays in the channel then it should reach 1.2964 in 12 hours.
  • #41,275
  • Oct 23, 2008 12:54pm Oct 23, 2008 12:54pm
very nice traderathome...you saw that dead on...tell me...where do you see a possibly top? because i just shorted
Different opinions highly valued, ignorant to slander.
  • #41,276
  • Oct 23, 2008 12:55pm Oct 23, 2008 12:55pm
Quoting psiholog
very nice traderathome...you saw that dead on...tell me...where do you see a possibly top? because i just shorted
If it stays in the channel your short is good.
  • #41,277
  • Oct 23, 2008 1:03pm Oct 23, 2008 1:03pm
Quoting TradeWell
If it stays in the channel your short is good.
i closed it...on second inspection hourly chart does look like a rounding bottom...im sticking to my longs now heh ...not now though..just watching
Different opinions highly valued, ignorant to slander.
  • #41,278
  • Oct 23, 2008 1:08pm Oct 23, 2008 1:08pm
it's costing precious BIG OIL hundred of Billions in Market capitalization.

How long do you think they will let that go on?

once the hedge funds make their margin calls and loss all there dough, we'll ba back to the REAL TREND.

I would like to see 1.3460 (current limit) on accumulated position, but it is unlikely I will have the balls to hold that long. maybe this time will be different.

Happy trading.
  • #41,279
  • Oct 23, 2008 1:10pm Oct 23, 2008 1:10pm
If you fallow my trades, take 1/4 just one 1/4 profit about 500 pips and move stops to ENTRY, now HOLD thees positions as much as you can. Do not close 3/4 of all open positions.
We'll make thousands of pips in short time.

Quoting Algirdas
New Intraday Update:
EUR/USD Buy near 1.2805
GBP/USD Buy near 1.6083
AUD/USD Buy near 0.6603
NZD/USD Buy near 0.5853

USD/CAD Selling since 1.2730
USD/CHF Sell near 1.1657
USD/JPY sell near 98.01
{Promotion Removed}
  • #41,280
  • Oct 23, 2008 1:13pm Oct 23, 2008 1:13pm
See attached 1hr chart for some fib extensions.....possible targets.

Asian session traders will either join in on the upside, or slam it back down. My contention is that if the Big Money Boys have it in mind to manipulate a long run up.....a retrace in the long term down trend.....then the low 1.2700s is a coveted area for adding long positions. It is anybody's guess how many times they may slam it down there before the real retrace run begins. It may already have.

Only in my opinion.....this is the time for any trades to be on a very short leash until major supports (1.2700 area) or major resistances (1.2950 area) are breached.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1hr. #1 10-23-2008.gif Size: 62 KB
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