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EURUSD

  • #47,681
  • Dec 1, 2008 9:10am Dec 1, 2008 9:10am
I'm getting tired waiting for EU. Gonna sleep now. Set my TP at 2550 and SL at 2700. I don't care whicever way it goes, already had nice profit. See ya guys tomorrow.
  • #47,682
  • Dec 1, 2008 9:18am Dec 1, 2008 9:18am
Quoting c2v4l
I'm getting tired waiting for EU. Gonna sleep now. Set my TP at 2550 and SL at 2700. I don't care whicever way it goes, already had nice profit. See ya guys tomorrow.
i know what you mean. all im doing is watching and getting sleepy again with the slow pa. instead i feel comfortable playing one of the scariest pairs out there out of the majors...gbp/jpy...i actually placed a long order with 100 pip stop loss and 200pip gain at 1/4th my normal position size just to be doing something lmao...result irrelevant. That trade does imply eur/usd will go higher though..hmm
Different opinions highly valued, ignorant to slander.
  • #47,683
  • Dec 1, 2008 9:24am Dec 1, 2008 9:24am
Quoting Galation
You're thinking this will continue to move down?
That's all it has done since July so why think otherwise.

Look at Cable today - crushed down almost 500 pips!!!!

I don't expect EU to move like Cable but the trend is the trend.
  • #47,684
  • Dec 1, 2008 9:27am Dec 1, 2008 9:27am
Quoting SunTrader
That's all it has done since July so why think otherwise.

Look at Cable today - crushed down almost 500 pips!!!!

I don't expect EU to move like Cable but the trend is the trend.
You're right: the trend is the trend is the trend. Where do you think it will retrace to before another drop: if any retrace at all?
Probability Professor
  • #47,685
  • Dec 1, 2008 9:37am Dec 1, 2008 9:37am
man o' man is this sukka ever gonna get below .2600??
  • #47,686
  • Dec 1, 2008 9:47am Dec 1, 2008 9:47am
Quoting macockiner2
man o' man is this sukka ever gonna get below .2600??
the real question to your question is why did the dollar get so strong against most other currencies (except cad with a possible h&s implying more dollar weakness and jpy) and do nothing against the euro?...you find the answer to that...youll know how far down we go..as for me...im baffled.

Any opinions on this out there?
Different opinions highly valued, ignorant to slander.
  • #47,687
  • Dec 1, 2008 9:52am Dec 1, 2008 9:52am
Quoting macockiner2
man o' man is this sukka ever gonna get below .2600??
Till Obama finish reading the prepared paper for him...life shall continue as normal...and we head down
  • #47,688
  • Dec 1, 2008 9:53am Dec 1, 2008 9:53am
Quoting psiholog
the real question to your question is why did the dollar get so strong against most other currencies (except cad with a possible h&s implying more dollar weakness and jpy) and do nothing against the euro?...you find the answer to that...youll know how far down we go..as for me...im baffled.

Any opinions on this out there?
Can't tell you Psiholog,it seems to fall 100 pips daily and then going sideways without any strong direction,anyway,as far it continues this way it's good for scalpers
  • #47,689
  • Dec 1, 2008 9:54am Dec 1, 2008 9:54am
we're finally breaking the 26, if it holds it's going to be pretty...
  • #47,690
  • Dec 1, 2008 9:56am Dec 1, 2008 9:56am
Quoting psiholog
the real question to your question is why did the dollar get so strong against most other currencies (except cad with a possible h&s implying more dollar weakness and jpy) and do nothing against the euro?...you find the answer to that...youll know how far down we go..as for me...im baffled.

Any opinions on this out there?
My only guess is low liquidity and conflicting interests.
  • #47,691
  • Dec 1, 2008 9:57am Dec 1, 2008 9:57am
Drop baby - drop!!!
  • #47,692
  • Dec 1, 2008 9:59am Dec 1, 2008 9:59am
lets see if the 1hr closes below 2600..
  • #47,693
  • Dec 1, 2008 10:00am Dec 1, 2008 10:00am
Quoting Galation
You're right: the trend is the trend is the trend. Where do you think it will retrace to before another drop: if any retrace at all?
As I said earlier I don't think W3 is complete so can't give an opinion about a retrace (W4) just yet.
  • #47,694
  • Dec 1, 2008 10:01am Dec 1, 2008 10:01am
Quoting Mojea
Drop baby - drop!!!
geez up and down we go
  • #47,695
  • Dec 1, 2008 10:02am Dec 1, 2008 10:02am
Quoting TradeWell
My only guess is low liquidity and conflicting interests.
...good job!
my conclusion as well...theres major forces at work here battling for direction creating a chaotic environment. For me to attempt trading here is like going through a live minefield...with that said...be back later I want no part of this haha...good pippin all
Different opinions highly valued, ignorant to slander.
  • #47,696
  • Dec 1, 2008 10:05am Dec 1, 2008 10:05am
Is Obama talking? Only thing i can think of that would cause USD to start dropping like a rock suddenly

Edit: Just a retrace i guess
  • #47,697
  • Dec 1, 2008 10:07am Dec 1, 2008 10:07am
Quoting Dansnali
Is Obama talking? Only thing i can think of that would cause USD to start dropping like a rock suddenly
Harsh, when Obama opens his mouth, it drops like a stone Poor guy.
Probability Professor
  • #47,698
  • Dec 1, 2008 10:13am Dec 1, 2008 10:13am
Quoting Galation
Harsh, when Obama opens his mouth, it drops like a stone Poor guy.
All ugly faces of BUSH admin reappearing once again with Obama..really very very poor guy ....i think this is what is delaying drop like a stone
  • #47,699
  • Dec 1, 2008 10:27am Dec 1, 2008 10:27am
Quoting Shadowfx
Good morning

Downside pressure to remain on Eur
DAX lower, Oil lower, Gold lower

Possible bullish break out before USA session open towards 1.2705

Likely to test lower resistance @1.264, if breaks T1 is support @1.2573
Currently looking at short entry around 1.267

As always..just my 2 cents..
Update

DJI about to collapse, till 5pm London close I expect ranging between 1.26 and 1.265.

Target: 1.2573 and possible lower depending how strong support will proof to be.

Watch out for bullish break out (fake push) above 1.265

As always..just my 2 cents...
  • #47,700
  • Dec 1, 2008 10:28am Dec 1, 2008 10:28am
Quoting Shadowfx
Update

DJI about to collapse, till 5pm London close I expect ranging between 1.26 and 1.265.

Target: 1.2573 and possible lower depending how strong support will proof to be.

Watch out for bullish break out (fake push) above 1.265

As always..just my 2 cents...
Nice one shadow, you geeza.
Probability Professor
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