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EURUSD a huge buy above 1.2736

  • #41
  • Dec 15, 2008 8:30am Dec 15, 2008 8:30am
Quoting DownRiverTrader
Structurally, 1.35 is an area where you will see large orders short anticipating a move to (BELIEVE IT OR NOT) .65. Yes that .65.

I am joining this move for now. So I am short at 1.3535.


On the flip side, if 1.35 holds and we build value above....then look for 1.65
Downrivertrader thanks for your opinions and help to all of us trying to learn.

So how about a new thread:

EUR/USD IS GOING TO 1.6500 or .6500
  • #42
  • Edited 7:22pm Dec 15, 2008 10:10am | Edited 7:22pm
,Well here we are 3679-99 area It sure would be nice if we had a test of that support from that breakout last week but I guess that would be to predictable.
In @ 3690 and I like that bounce down from 3679 and the 5,15,30, and hourly all pointing down. Liked to add the 4 hour to that please, lets see what happens after lunch. Things stirring up around 3645.

Sure doesnt seem like shes finished climbing.

I sure didnt make many $ on e/u as I got tangled up this morning.

Dun good on g/u though and ok on a/u .

watching a/u 6655 after lunch
  • #43
  • Dec 15, 2008 3:11pm Dec 15, 2008 3:11pm
The breakdown correction has lost power and it’s established at 1,3700.
However, I believe the trend would continue to climb until the 1,4 level.
This could be an exciting week.
Attached Image (click to enlarge)
Click to Enlarge Name: Staxy's EurUsd 15th.jpg Size: 102 KB
  • #44
  • Dec 16, 2008 8:56am Dec 16, 2008 8:56am
Quoting DownRiverTrader
Here's a chart that I first posted back in 2005. It may be worth watching as December plays out. On the surface, it looks like we are in an excellent shorting area soon and a move down thru the 1.20 level is materializing for 2009. The flip side is that if we retake the median line, then we could move back up to test the top of the channel.
I tell ya what, To start with Im following the 5, 15, 30,1 hr. 4hr. outta here and when we get there Ill close that last open position.
  • #45
  • Dec 16, 2008 9:43am Dec 16, 2008 9:43am
I added heavily on my short EURUSD position this morning. NOW FULLY LOADED. Make or break time for me. Change is in the air, I can smell it.
  • #46
  • Edited 12:44pm Dec 16, 2008 12:28pm | Edited 12:44pm
Quoting DownRiverTrader
I added heavily on my short EURUSD position this morning. NOW FULLY LOADED. Make or break time for me. Change is in the air, I can smell it.
That seems pretty risky at this time to me..... what exactly are you baseing your decisions on?
Or did you consult ....... The mighty oracle
Same Whore .... Different Dress
  • #47
  • Dec 16, 2008 3:20pm Dec 16, 2008 3:20pm
Here is something interesting....

USD/CHF plummets 400 pips.

Meanwhile, EUR/USD spikes, and STOPS SUDDENLY. (At the 50% fib from down trend.)

EUR/GBP got above .90, and sat there.

This could be interesting.
  • #48
  • Edited 11:29pm Dec 16, 2008 10:54pm | Edited 11:29pm
Partials taken for today will be watching 4192 area .
  • #49
  • Edited 9:59am Dec 17, 2008 9:12am | Edited 9:59am
andCapt. you still with us?

The way shes movin, Im lookin at 4570 area it blows past my projected day highs and 4250 area.

I my as well throw the dailies, weekly, monthlies out the window and stick with the quarterlies.
  • #50
  • Dec 17, 2008 9:20am Dec 17, 2008 9:20am
I think DownRiverTrader is now up shit creek without a paddle,,,,,,,,
Same Whore .... Different Dress
  • #51
  • Edited 10:00am Dec 17, 2008 9:27am | Edited 10:00am
Quoting johnedoe
I think DownRiverTrader is now up shit creek without a paddle,,,,,,,,
Ah, its no where we all havnt been before, he has his risk figured in.

I tell ya though, I sure dont like what he was smelling.
  • #52
  • Dec 17, 2008 9:32am Dec 17, 2008 9:32am
Whyyyyyyy does people always want to sell strength and buy weakness ?
They're participating in the most trending market there is and they ALWAYS want to catch tops/bottoms.. What am I complaining about ? Someone needs to be on the other side of the trade
Measure twice, cut once
  • #53
  • Dec 17, 2008 10:09am Dec 17, 2008 10:09am
Quoting lilpip
Ah, its no where we all havnt been before, he has his risk figured in.

I tell ya though, I sure dont like what he was smelling.
LOL...... well I sure hope he has his risk figured in otherwise can you say margin call......... because from the look of things it aint good for shorts at this time.
Same Whore .... Different Dress
  • #54
  • Dec 17, 2008 10:22am Dec 17, 2008 10:22am
Quoting johnedoe
LOL...... well I sure hope he has his risk figured in otherwise can you say margin call......... because from the look of things it aint good for shorts at this time.
His post was before the anouncement, Im sure that canoe has been turned around.
  • #55
  • Dec 17, 2008 11:25am Dec 17, 2008 11:25am
Quoting lilpip
His post was before the anouncement, Im sure that canoe has been turned around.
That may be but this is what things have looked like for the last 2 weeks..... No reason to short this just yet... also not on that image is todays 200 pip TP... I'm done for the day....

http://img340.imageshack.us/img340/9...apture2by9.png
Same Whore .... Different Dress
  • #56
  • Dec 17, 2008 4:01pm Dec 17, 2008 4:01pm
It's so fun to read all these threads started a week or so ago after a big move like this. Shows how easily it is to get caught with your pants down.
  • #57
  • Dec 17, 2008 4:02pm Dec 17, 2008 4:02pm
It's so fun to read all these threads started a week or so ago after a big move like this. Shows how easily it is to get caught with your pants down.

Is the morale to the story, stay out of the market around big news releases (interest rates, gdp, jobs) unless you are a gambler?
  • #58
  • Dec 17, 2008 4:09pm Dec 17, 2008 4:09pm
Quoting aediaz1
Whyyyyyyy does people always want to sell strength and buy weakness ?
They're participating in the most trending market there is and they ALWAYS want to catch tops/bottoms.. What am I complaining about ? Someone needs to be on the other side of the trade
I think you have just revealed the most secret in FX Market. And it is:

1. Put your mind behind the door! (it means: Don't make decisions based on FEAR/GREED)
2. Trend is the only friend you can trust in this market. (it means: Always BUY the strength & SELL the weakness)
3. Patience, Patience, Patience.

With these three + FX Market, Money is only a matter of time.

People are looking all over the place for a holy grail! They are SO blind. Its in front of them. YES, The FX Market itself is the holy grail if you understand.


Also, I'm late to say Happy Birthday (excuse me if I'm late) & Marry Christmas aediaz1. You have just lighten me in this darkness.

Manage probability while following the TREND.
  • #59
  • Edited 6:50pm Dec 17, 2008 5:56pm | Edited 6:50pm
Quoting Mr. KISS
It's so fun to read all these threads started a week or so ago after a big move like this. Shows how easily it is to get caught with your pants down.

Is the morale to the story, stay out of the market around big news releases (interest rates, gdp, jobs) unless you are a gambler?
If you read it correctly,the move was anticipated out of 2740 to 3300 as drt brought up
I chimmed in with the same outlook with the following areas of interest to be evaluated for reversal , retrace or continuation.

After the move to 3300 I mentioned I regreted closing the last of my longs because I questioned a possible major trend change.

So we are in it and 4570 area is my next area of interest.

In the mean time Ill trade intreday such as yesterday sell at 4192 and using 4106 as a guide as it was buys above and sells below as I looked at 3900 area as support.

As far as drt goes he has more gains than losses and no he dosnt come out on top with every trade.

Areas of interest today
4581
4270-support
4017- if support breaks
  • #60
  • Dec 18, 2008 10:40am Dec 18, 2008 10:40am
squared and watching 4270 area.
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