EURUSD

Just as a reminder....Its Friday....we all know how important that can be...

hmmm... damn, it's a hard time for me, my system never gave more than 7 loosing trades in a row (using multi time frame system) and now in these days 13 in a row!!!!!!!!

P.S. just wanted to share

Hello boys,
These days not much follow the chat, to stay focused on the market.
This is the moment where I try to make a analisys of the actual situation .

We were rejected another time from the important level 2830.
This level is important for the entire month of December ...
just above this value the long has valuable.


I continue to think that we need another new low.

What is SSI, is it an indicator? How we know that what percentage of traders are in long or short?
FXCM in their anaylsis had SSI, in which they say market is bearish or bullish?
From where they get this SSI and how they do know?

Anybody have idea about this? Do we have in metatrader some equilent indicator for that or any custom indicator?

Bounced higher than I thought.

Back down near LOD.

Well the russian financial troubles and yoorow connection are true enough... and little to none of that is on CNBC in any detail.. or any other network I know of. Been following that for weeks now and not on tv...

Oil experts are a dime a dozen so who listens to any of them...

i dont believe everything said. lots of experts come on with opions.. my understanding is the investments they spoke of were fact.. around august (pryer to georgia invassion) 2 eur buddies told me a similior story about private russian investment.. i didnt really pay much attention.. any way then the georgia thing.. then the pullout and heard things here and there about putten pulled out cause his market was falling ect..as we all heard.. anyway i never thought it would affect eur unless there was a real war or something.. but all this with the cnbc report makes sence now.. the eur was climbing till about june or so.. noonne was predicting weakness.. then fell like a rock with barely any retrace... it fell and couldnt get out its on way.. like i said this may not be all the reason but it has to play a part..look the swiss have a pile of gold... could this be part of the reason it didnt rise percentage wise as much as oil? there are so many varibles who knows.. i still think it played a part. and it was reported with a factual report not t boone pickens saying oil going up to 100 bucks a barrel a few months after saying it was going to 50..

Gone silent in here...hope you all watching the price action...

personaly if i lived in europe and russia started to invade a nearby country.. i would definately put my cash in u.s. dollars, swiss franks or gold in another country... if others think like me then this would make the euro drop simuliar as it did.. just my opinion. *L*

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helps to separate fact from fiction. the other option of course is just not believe anything and go that route.

I like to think my bs-o-meter works pretty well tho and i find it well worth the triple digits it costs.

First of all Merry Christmas to all and a lot of pips in 2009 is my wish for all us.

Here is my View for this Month:

1º - I do not wait a new low this Month.
2º - A Low of around 1.2341 is the best I see, but not below 1.2399 is more possible.
3º - A high of 1.3308 is my expectation.

This Month maybe we will see a Green Candle closing around 1.2950.

So, as we are more close to the bottom I prefer longs this Month.

This is my view for this Month.

GL all and until next Year!!

So, as we are more close to the bottom I prefer longs this Month.

This is my view for this Month.

in the past few days, dow tumbles and hardly moves the euro down unlike in the past dow up/euro up, dow down euro down

LOL, I live in Poland so not so far from Russia and our countries has some historical issues, as you probably know.
I must admit that after russian invasion on georgia people not only in my country, but in whole eu, started to change their attitiude. Generally their is a view that russians don't afraid and don't care EU comission, UN, etc. Personally I think that is because many of the biggest financial institutions and gov has invested in russia and now depend on it. Russians are clever and watch what is going on, on their own yard..

Gatorinla, answering to your thesis
'personaly if i lived in europe and russia started to invade a nearby country.. i would definately put my cash in u.s. dollars, swiss franks or gold in another country'

People mostly put their cash in gold and swiss, dollar in Poland deppreciated much last years and its not respected as it used to be.

oh and this is my first post here, so hi everybody, it's a pleasure to read your discussion and analysis!

btw. i'm short

got the sight..thanks.. i dont think my brain can take anymore reading now..i know its helpful to know when news comes out (trading wise) trading wise i usually let the chart tell me.. but if i know a particuliar time news is comming out i may not trade. i got burned too many times trying to time something or have an opinion on what a pair should do..

to all the shorties out there reading this, where is your target?

I was expecting a swift and brief dip below 1.26 where below lies my TP, however I'm starting to doubt that will happpen..


Cheers.

yeah i dont live in europe but my freinds actions are like yours.. except usd.. glad to have a live person this first hand effects on board..

to whom it may concern..i took a small short position in eur/chf thinking it may resume longer trend at 1.582..the charts are not in agreement and its actually got worse then yesterday.. i did get up 100 pips yesterday on this pair going short. and got out with 40 pips because i closed all positions last night pyer to roleover. i got out because of pending job report. this is more then likely a stupid trade.. so slap me if it makes u feel better..with this said im getting in at a better price the before with more potential.. sl 5562.. tp 500 pips (fingers crossed)

I used to live in Estonia, I was born there.
Now I am located in Amsterdam.
I think all these talks about invasion is bullsh%t. Only Eastern European countries like Baltics, Poland etc are afraid of Russia because they are paranoic.
Btw have you heard the version of Russian media that georgians started to attack? I watched myself Euronews when they broadcasted that georgia offended russian troops and then in few days there was a respons from Russian side. And then CNN and BBC strated their broadcasts...
May be it is true. We never know. But it is clear that regarding georgian case there was an informational war from both sides.

The reason why Russian markets go down is diclining oil price, what is the consiquence of fin crisis and declining world economy.

which price level the EUR/USD close at the week`s end? this week`s losing price? thank you.

I did the same for the first few years of trading.

Then someone told me that it is not my opinion that matters, it is the market's opinion that does.