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EURUSD

  • #44,961
  • Nov 12, 2008 2:15pm Nov 12, 2008 2:15pm
Quoting ak4x
OK... we're even...

I have to go take a shower with my laptop now.
With laptop...... is it waterproof
  • #44,962
  • Nov 12, 2008 2:16pm Nov 12, 2008 2:16pm
Does anyone look at the COT report from the CFTC? This might give us a hint at the long term direction on this pair.
  • #44,963
  • Nov 12, 2008 2:16pm Nov 12, 2008 2:16pm
then you might c 50 dollar oil..
those who can, do. those who cant, talk about those who can
  • #44,964
  • Nov 12, 2008 2:17pm Nov 12, 2008 2:17pm
Quoting ak4x
OK... we're even...

I have to go take a shower with my laptop now.

E/J has dropped 40pips in last 15m and not 1 for E/U.
  • #44,965
  • Nov 12, 2008 2:17pm Nov 12, 2008 2:17pm
Quoting geojams
Does anyone look at the COT report from the CFTC? This might give us a hint at the long term direction on this pair.
south
those who can, do. those who cant, talk about those who can
  • #44,966
  • Nov 12, 2008 2:17pm Nov 12, 2008 2:17pm
Quoting gatorinla
all hands on desk.. nasdaq is aproaches lows of last month. if it breaks...it pulls other markets down.... its on.,,,
S&P 500, which is really "the market" (not DOW) is within 2% of its 52 week low. If we close somewhere where the market is now, is that THE bottom (a double bottom)?
  • #44,967
  • Nov 12, 2008 2:22pm Nov 12, 2008 2:22pm
Quoting TradeWell
S&P 500, which is really "the market" (not DOW) is within 2% of its 52 week low. If we close somewhere where the market is now, is that THE bottom (a double bottom)?
hell i dont know.. i do know from physics every action has a reation... all the reaction lately over the long run strengthened dollar. when the reaction starts be on the right side of trade. and be aware it may break a supp/resist with the extra push
those who can, do. those who cant, talk about those who can
  • #44,968
  • Edited 2:35pm Nov 12, 2008 2:23pm | Edited 2:35pm
Quoting SpecialEd
Can anyone explain what's significant about 1.2505? PA has stopped there, on the dime, several times throughout this trading day. So far as I know, it's not a fib.

Not that your answer will remove the barrier, but it sure would satisfy my curiosity.
yesterday's Low 1.2470.

don't worry.
I think that the euro will pull up a little to 1,2600 to complete an ABC correction and then fall.

This complex ABC, especially today's B wave drop and then no follow through drop while the stock market crashes, means that the fun will occur tomorrow (Asian session maybe?), when the Nikkei tanks.

cheers
  • #44,969
  • Nov 12, 2008 2:24pm Nov 12, 2008 2:24pm
Quoting gatorinla
south

http://www.freecotcharts.com/charts/EU.htm

If some knowledgeable person would like to comment on this chart, I am sure it would be appreciated. I know I would like to make sense of it.

Thanks,

G
  • #44,970
  • Nov 12, 2008 2:25pm Nov 12, 2008 2:25pm
2 hours to close this candle on my charts at 5pm EST... remember that (wide) pink line at 2500... I think the upside "benefit of the doubt" has been exhausted by now, and we'll start exploring the lower limits of that zone.

Time to tread very carefull, large forces are at work here and making decisions about the future of the global economies.

That 1.50 GU level is enormously important. Talk about a Psych level.. that's one of the mothers of them all.... I'm hanging on to my shorts, but I have a large buffer in profit on each of them.

New entries should be extraordinarily careful at this point until the tipping point has been determined. There's plenty of pips both below (and above) this level, and no straight line to any of them, (except maybe on some of the yen crosses )

Have to take off for awhile. Back in a couple hours.
Attached Image
FUBAR...
  • #44,971
  • Edited 2:33pm Nov 12, 2008 2:26pm | Edited 2:33pm
Quoting unicorn7411
yesterday's Low 1.2470.

don't worry.
I think that the euro will pull up a little to 1,2600 to complete an ABC correction and then fall.

This complex ABC, especially today's B wave drop and then no follow through drop while the stock market crashes, means that the fun will occur tomorrow (Asian session maybe?)

cheers
what is timeframe are you refering to?
Regard
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #44,972
  • Nov 12, 2008 2:32pm Nov 12, 2008 2:32pm
Quoting gatorinla
hell i dont know.. i do know from physics every action has a reation... all the reaction lately over the long run strengthened dollar. when the reaction starts be on the right side of trade. and be aware it may break a supp/resist with the extra push

When you can manipulate the value of a currency it makes sense to increase the value of the dollar to offset the losses in equities. The question then becomes is their a point where the pressure becomes so great that the dollar will correlate with equitities?

Now those given the omnipotent power over these things have to deal with a rather consistent 20 year cycle in human madness, yet IMO, they seem to forget about that, or more likely I don't understand their genius.

Now granted I think this way, but the good thing is that the chart will let you know when this happens so you don't even have to think about it.
Redefining Reality
  • #44,973
  • Nov 12, 2008 2:33pm Nov 12, 2008 2:33pm
oil is the new gold. oil up dollar weak and so forth. oil is low today compared to the reaction of eur. that tells me there is stored energy to push eur lower . U.S. has added dollars but has also pulled dollars out on the other end. this has made dollar dilution nill mostly. and that also helps dollar. but when exporters start crying it may reverse some..with this all said who knows... who really knows? weed through all the techs read the charts listen to the news ect. and some times you will do better flipping a coin..after you place your trade its out of your control.. someone somewhere could say something and cost you money...or make you more.. your broker is the house and never losses. your playing with house rules and dice..
those who can, do. those who cant, talk about those who can
  • #44,974
  • Nov 12, 2008 2:34pm Nov 12, 2008 2:34pm
Quoting piptechnician
...but the good thing is that the chart will let you know when this happens so you don't even have to think about it.
Best point made all day.
Up or down, gimme a ticket
  • #44,975
  • Nov 12, 2008 2:35pm Nov 12, 2008 2:35pm
Quoting gatorinla
had a good nap. woke up with 50 pip stairing at me. what a country...i got 10 earlier the hard way. went to bed and got 50 the easy way. relax. its gonna come either way. you know what way its going just figure out how its gonna get there. pull out some pips till it does
Yeah ... me too! The best trading method, ever. Of course, a few of my over night trades were placed by accident. Doh !

Long days at work can produce a very "groggy" evening. During those days I'd place a pending order and forget all about it when I got home. Fell asleep, woke up and BOOM, 500 600 700 pips profit. I've come to realize, I trade better when I'm not involved in the trades.

Those mornings were like Christmas, My Brithday & Halloween, all put together. HAAA. Good Times
  • #44,976
  • Edited 2:51pm Nov 12, 2008 2:36pm | Edited 2:51pm
Quoting geojams
http://www.freecotcharts.com/charts/EU.htm

If some knowledgeable person would like to comment on this chart, I am sure it would be appreciated. I know I would like to make sense of it.

Thanks,

G
What its telling you is that the "Large Traders (Those who have a clue, supposedly.)" are net long, the "Commercial Traders (The Smart Money)" are net short, and the "Small Trader (The Pikers)" are net neutral. How that information is going to help you with your next trade as a scalper, daytrader, or even swing trader, is totally beyond me...
  • #44,977
  • Nov 12, 2008 2:41pm Nov 12, 2008 2:41pm
Quoting gatorinla
...your playing with house rules and dice..

And those of us who are winning are playing with house money too.
  • #44,978
  • Nov 12, 2008 2:42pm Nov 12, 2008 2:42pm
Quoting Turhovach
What its telling you is that the "Large Traders (Those who have a clue)" are net long, the "Commercial Traders (The Smart Money)" are net short, and the "Small Trader (The Pikers)" are net neutral. How that information is going to help you with your next trade as a scalper, daytrader, or even swing trader, is totally beyond me...
and it breaks my heart that a lot of the big boys lost billions 2 weeks ago.. big boys smarter then us *tear*
those who can, do. those who cant, talk about those who can
  • #44,979
  • Nov 12, 2008 2:43pm Nov 12, 2008 2:43pm
Quoting vulture
what is timeframe are you refering to?
Regard
Hourly.

ABC looks clear on 15min
1,2470 to 1.2631 A ~07:30 GMT
1.2631 to 1.2465 B ~ 16:00 GMT

we are in C ( a up ~17:30 GMT, b down now, expecting c to start if this abc is a correct take on the market),

although it looks about to collapse through the b bottom.

we will see.
  • #44,980
  • Nov 12, 2008 2:45pm Nov 12, 2008 2:45pm
i may not be as smart.. but give me those billions and i bet if i try hard and eat right. exercise and take vitamins i could lose those billions just as fast.
those who can, do. those who cant, talk about those who can
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