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EURUSD

  • #50,341
  • Dec 15, 2008 8:46am Dec 15, 2008 8:46am
Quoting mikkom
yes that's what tic is:



That means quite directly that non-us based instances see a very significant risk in US based assets.
It may also mean that the yield is not competitive enough to invest in those assets.
  • #50,342
  • Dec 15, 2008 8:51am Dec 15, 2008 8:51am
Quoting emda
first target reached
similar to mine but i use completely different technique

actually we are entering to multires area so no need to hurry should be plenty of time to exit smoothly and reverse position
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  • #50,343
  • Dec 15, 2008 8:55am Dec 15, 2008 8:55am
Quoting steelhead
Are you suggesting that they go long here. Cause that most likely would be a big mistake.


I am short bias. Emphasis on short bias not short at the moment
EURUSD is making higher highs and higher lows since Dec 4, I think. Going short would be pure speculation right now. Isn't it better to buy those lows than fight the trend? I don't know... it can easily go to the moon, who knows??

If you go with a trend, you get stopped out only once - when the trend direction changes. On the other hand, if you go against a trend, you are stopped out many many times, unless you are a Wizard

That's only my opinion.. why fight a trend.
Time goes you say? Ah, no! Time stays. We go...
  • #50,344
  • Dec 15, 2008 8:59am Dec 15, 2008 8:59am
3635 .. next level to try short..
The best thing that can happen to you is to find out where you're wrong.
  • #50,345
  • Dec 15, 2008 9:00am Dec 15, 2008 9:00am
I would wait until 1.36xx is fully broken. At this point it may fall. Only time will tell.
  • #50,346
  • Dec 15, 2008 9:02am Dec 15, 2008 9:02am
bear candle , TP at 1.3605
short now, TP 1.3523
  • #50,347
  • Dec 15, 2008 9:05am Dec 15, 2008 9:05am
Quoting Driver55
3635 .. next level to try short..
Why? just setting yourself up for loss after loss... thats what I've found anyways when trying to pick the top..
  • #50,348
  • Dec 15, 2008 9:06am Dec 15, 2008 9:06am
Quoting andrius
EURUSD is making higher highs and higher lows since Dec 4, I think. Going short would be pure speculation right now. Isn't it better to buy those lows than fight the trend? I don't know... it can easily go to the moon, who knows??

If you go with a trend, you get stopped out only once - when the trend direction changes. On the other hand, if you go against a trend, you are stopped out many many times, unless you are a Wizard

That's only my opinion.. why fight a trend.
i agree, with all the negative news coming out of the US It can only remain as a "safe haven" for so long.

Cheers
  • #50,349
  • Dec 15, 2008 9:07am Dec 15, 2008 9:07am
Quoting andrius
EURUSD is making higher highs and higher lows since Dec 4, I think. Going short would be pure speculation right now. Isn't it better to buy those lows than fight the trend? I don't know... it can easily go to the moon, who knows??

If you go with a trend, you get stopped out only once - when the trend direction changes. On the other hand, if you go against a trend, you are stopped out many many times, unless you are a Wizard

That's only my opinion.. why fight a trend.

I think the trend is really a matter of oppinion, because sure short term says the trend is up, but if you look at daily or weekly, it would be hard to argue the trend is up unless you thought this was a reversal, which is possible. I haven't called a short in here since 1.31ish, but I just went short at 1.3601. I will hold for now for a longer drop, but I won't let it get too far out of hand if this thing wants to make a run for 1.3700. Seems to me this thing didn't pop over 1.3600 like is has all the last goose eggs. I don't see alot of EURO buying right now, I see some dollar long profit taking. Be smart and trade at your own risk.
  • #50,350
  • Dec 15, 2008 9:08am Dec 15, 2008 9:08am
4 Hour chart show potential of more gains though I see P/A may range around the 1.36xx range.

I believe, when it breaks ... it may go long another 100pips.
  • #50,351
  • Dec 15, 2008 9:09am Dec 15, 2008 9:09am
e/u can easily go up to 1,38 now,
/ ... clarifying decisions ... /
  • #50,352
  • Dec 15, 2008 9:11am Dec 15, 2008 9:11am
My 161.8 fib level was finally breached on the way up so i'm long 1.3602 - SL 1.3577 (about to move it up).
  • #50,353
  • Dec 15, 2008 9:19am Dec 15, 2008 9:19am
Range is almost 300 pips and it has passed R3 so a long here for anything more than a scalp would be a high-risk play. Good luck.

Oh and also passed R1 on weekly.

Not saying it won't move much higher. It is just poor r/r at this point today.
  • #50,354
  • Dec 15, 2008 9:23am Dec 15, 2008 9:23am
Quoting SunTrader
Range is almost 300 pips and it has passed R3 so a long here for anything more than a scalp would be a high-risk play. Good luck.

Oh and also passed R1 on weekly.

Not saying it won't move much higher. It is just poor r/r at this point today.
It keeps trying to pull back but the buyers are blocking it everytime (so far)? My 1.3583 SL looks pretty good?
  • #50,355
  • Dec 15, 2008 9:30am Dec 15, 2008 9:30am
Quoting d-e-f
It keeps trying to pull back but the buyers are blocking it everytime (so far)? My 1.3583 SL looks pretty good?
I don't think is trying to pull back.. lol
  • #50,356
  • Dec 15, 2008 9:32am Dec 15, 2008 9:32am
Quoting Srikanth
Good morning everyone,

My buy is still looking good from 1.2730 targetting 1.42

Good luck.

http://www.forexfactory.com/showthre...15#post2398415
http://www.forexfactory.com/showthre...75#post2398475
http://www.forexfactory.com/showthre...47#post2402747
(posted on december 5th)

imho.... i didn't expect it this much fast...
  • #50,357
  • Dec 15, 2008 9:33am Dec 15, 2008 9:33am
2:00pm USD http://www.forexfactory.com/images/m...mpact_high.gif TIC Long-Term Purchases
http://www.forexfactory.com/images/m...etail_star.gif 1.5B
40.0B 65.4B

Absolutely unbelievable...
Probability Professor
  • #50,358
  • Dec 15, 2008 9:33am Dec 15, 2008 9:33am
Does anyone know how I can mark where on which thread I have read so far so that I can return to it without missing anything?????

Quoting emda
I don't think is trying to pull back.. lol
  • #50,359
  • Dec 15, 2008 9:34am Dec 15, 2008 9:34am
Quoting Srikanth
(posted on december 5th)

imho.... i didn't expect it this much fast...
yeah... wow.. volatility this year is crazy... better for us
  • #50,360
  • Dec 15, 2008 9:35am Dec 15, 2008 9:35am
Quoting SeaPip
Does anyone know how I can mark where on which thread I have read so far so that I can return to it without missing anything?????
press unread near the thread here http://www.forexfactory.com/subscription.php
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