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EURUSD

  • #50,401
  • Dec 15, 2008 2:48pm Dec 15, 2008 2:48pm
The euro seems to be unstoppable
  • #50,402
  • Dec 15, 2008 2:55pm Dec 15, 2008 2:55pm
Quoting andrius
I think it has formed a WOLF pattern :-D
Manage your risk accordingly and you're half done your home work.
  • #50,403
  • Dec 15, 2008 2:56pm Dec 15, 2008 2:56pm
Quoting ferndog
Got up to 1.3354. I think i will keep long if we can go over 1.3375. See what happens.
Quoting ferndog
See i told you guys it would go higher above 1.3375
All right already... you told us. We get it. That's like the third or fourth time you've quoted yourself...

Just for the record tho, next time you want to get real proud of your "prediction", you might want to leave out that annoying little conditional word "if" from your original post. Seemed like it was a big "if" at the time... Just sayin...
FUBAR...
  • #50,404
  • Dec 15, 2008 2:57pm Dec 15, 2008 2:57pm
Quoting andrius
Look at it this way: levels 1, 2 & 3 have already been broken. If level 4 is broken, the next s/r level will be 5, which is around 1.3835.

Edit: p.s. why Algis suggests 1.3747 we have to ask him
1.3745 or 1.3747 is the location of a long term fib.

Its 38% fib drawn on a daily or weekly chart the entire fall from 160 - 123 low..

definatly one to watch
  • #50,405
  • Dec 15, 2008 3:05pm Dec 15, 2008 3:05pm
Quoting Dansnali
1.3745 or 1.3747 is the location of a long term fib.

Its 38% fib drawn on a daily or weekly chart the entire fall from 160 - 123 low..

definatly one to watch
Aha! Now it's clear for me. Thank you.
Time goes you say? Ah, no! Time stays. We go...
  • #50,406
  • Dec 15, 2008 3:10pm Dec 15, 2008 3:10pm
Quoting sed34
double top on the hr chart.
Usually when this forms, it usually goes down but for this one i dont know why it is hesitating to go down.
  • #50,407
  • Dec 15, 2008 3:11pm Dec 15, 2008 3:11pm
Quoting ak4x
All right already... you told us. We get it. That's like the third or fourth time you've quoted yourself...

Just for the record tho, next time you want to get real proud of your "prediction", you might want to leave out that annoying little conditional word "if" from your original post. Seemed like it was a big "if" at the time... Just sayin...
think it will go above 1.3375? *L*
those who can, do. those who cant, talk about those who can
  • #50,408
  • Dec 15, 2008 3:14pm Dec 15, 2008 3:14pm
Quoting Dansnali
1.3745 or 1.3747 is the location of a long term fib.

Its 38% fib drawn on a daily or weekly chart the entire fall from 160 - 123 low..

definatly one to watch
Now that's something I can plot. I should have thought to put long term fibs back on my chart ( just another brain fart )
  • #50,409
  • Dec 15, 2008 3:16pm Dec 15, 2008 3:16pm
Quoting gatorinla
think it will go above 1.3375? *L*
Tuff question... I think it may go down if it drops. On the other hand it could go up if it doesn't drop. Then again, if that doesn't happen, I could be wrong.

That's been happening alot lately whenever I haven't been right.
FUBAR...
  • #50,410
  • Dec 15, 2008 3:16pm Dec 15, 2008 3:16pm
Well, given the past 7 day PA, I'd say the 50 bp cut by the Fed is fully priced in, and largely a 75 bp cut too. As high and as fast as it's been pushed up, I'd hate to be long if there's a more hawkish release. Anyone care to chime in?
  • #50,411
  • Dec 15, 2008 3:27pm Dec 15, 2008 3:27pm
I want the daily candle to finish beautifully without shadows
  • #50,412
  • Dec 15, 2008 3:29pm Dec 15, 2008 3:29pm
Quoting Subdude
Well, given the past 7 day PA, I'd say the 50 bp cut by the Fed is fully priced in, and largely a 75 bp cut too. As high and as fast as it's been pushed up, I'd hate to be long if there's a more hawkish release. Anyone care to chime in?
It would see like 50 has been priced in.. And Until about 16 -20 hours ago i would have said main trend is still down.

But not so sure anymore. All trend lines have been broken above now... Including a trendline i had on the weekly chart that just got broke at 1.3450.

I know one thing.. I lost money trying to guess where the top was more than once.. So trend is still looking up to me..

I am flat at the moment watching for 1.3745 ish to either bounce or break.

Some indicators are showing overbought now on larger time frames..

probably best to wait for asian/euro session for more volume to see things a bit more clearly.. Automaker bail out news isn't expected until tommorow.

EDIT: PS another minor support/resis at 1.3720 Thats it for me.. volume is to low for my patience level right now.. happy pippin!
  • #50,413
  • Dec 15, 2008 4:02pm Dec 15, 2008 4:02pm
Quoting permanentjaun
Looks more like a crocodile to me. Expect a push higher, but don't get bit.
  • #50,414
  • Dec 15, 2008 4:03pm Dec 15, 2008 4:03pm
Quoting ak4x
All right already... you told us. We get it. That's like the third or fourth time you've quoted yourself...

Just for the record tho, next time you want to get real proud of your "prediction", you might want to leave out that annoying little conditional word "if" from your original post. Seemed like it was a big "if" at the time... Just sayin...
Ok i thought nobody had seen the post. jk lol. Just pumping myself up thats all. Of course there is an if. It could have gone down. Who knows for sure?
  • #50,415
  • Dec 15, 2008 4:09pm Dec 15, 2008 4:09pm
In case this is not only a bear ralley there should be a consolidation between 1.38 and 1.33.
/ ... clarifying decisions ... /
  • #50,416
  • Dec 15, 2008 4:18pm Dec 15, 2008 4:18pm
its still going up.
  • #50,417
  • Dec 15, 2008 4:23pm Dec 15, 2008 4:23pm
Up trend momentum is strong. It will probobaly continue up until it hit the 1.39xx marker. Afterwich, who knows.
  • #50,418
  • Dec 15, 2008 4:24pm Dec 15, 2008 4:24pm
Yeah, it appears every retail trader and his dog are long euro:

http://fxtradeinfocenter.oanda.com/o...ositions.shtml
  • #50,419
  • Dec 15, 2008 4:36pm Dec 15, 2008 4:36pm
Quoting Subdude
Yeah, it appears every retail trader and his dog are long euro:

http://fxtradeinfocenter.oanda.com/o...ositions.shtml
That's just Oanda.

I would say longs here are a bit late to the party.

I wonder if stage being set for sell on rate cut news.

edit; darn close to 100 SMA over head resistance. 1.32 downside target?

edit2: If hedge redemptions continue, dollar will rally again, IMO
  • #50,420
  • Dec 15, 2008 4:40pm Dec 15, 2008 4:40pm
Not to put too fine a word on it...here's what I see...

I expect it might take a breather, but what do I know.

Just follow it...
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