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EURUSD

  • #51,181
  • Dec 17, 2008 7:24pm Dec 17, 2008 7:24pm
looks more like a long than a short now, but can also be only a japaneese hickup.
/ ... clarifying decisions ... /
  • #51,182
  • Dec 17, 2008 7:24pm Dec 17, 2008 7:24pm
still shorts....?? goodnight and good luck
  • #51,183
  • Dec 17, 2008 7:27pm Dec 17, 2008 7:27pm
Quoting ak4x
anyway, ho-ho-ho and all that.
If 1.42 was morbid, how'd you call 1.4450?
  • #51,184
  • Dec 17, 2008 7:40pm Dec 17, 2008 7:40pm
What should one be looking out 4 now? Has the Euro really gained back itself fundamentally? It fell for the past 3 months only to recover from a 2 month fall within a month. That's quite sharp. Is this just some retracement to the upside? Is it still going to fall?

Please advise anyone

Regards
Tolu
  • #51,185
  • Dec 17, 2008 7:42pm Dec 17, 2008 7:42pm
Quoting ak4x
OK. Of course i read your full post, several times in fact. You said ridicule, not me. I said "silly" becuz you said "hilarious," defined as something "funny, causing great merriment, laughter..." Does that connect for you? If something works for me or anyone else, I could care less what you think whether you say so or not.

As far as "new trader(s)" plural, that was in no way a reference to you at any point, even tho you seem to have taken it somewhat personally. The FACT is that there are "new traders" (plural) here all the time, and...
Unlike you I do not become upset, but hey if that works for you then more power to you.
  • #51,186
  • Dec 17, 2008 7:43pm Dec 17, 2008 7:43pm
Quoting ulotoyebtaa
What should one be looking out 4 now? Has the Euro really gained back itself fundamentally? It fell for the past 3 months only to recover from a 2 month fall within a month. That's quite sharp. Is this just some retracement to the upside? Is it still going to fall?

Please advise anyone

Regards
Tolu
Euro is still bullish, we need to wait for consolidation to come before finally assuming a certain retracement..

So the waiting and watching, we are now under low volumes, so very few movements.

Either way the mentality of previous days still mantains, with the exception that we know that we are closer to the top, we just need those signs to start appearing.
Traders are smartasses
  • #51,187
  • Dec 17, 2008 7:44pm Dec 17, 2008 7:44pm
Quoting gregam1128
How r u this morning Jay
Good. How are you?
Not all sins are created equal
  • #51,188
  • Dec 17, 2008 7:45pm Dec 17, 2008 7:45pm
I will wait for it to go low to 1.4200, then long again to 1.4600.....then we'll see a short before the big jump up to 1.60 again ? hmmm

Quoting Spsantos
Guess it's time for me to short
  • #51,189
  • Dec 17, 2008 7:48pm Dec 17, 2008 7:48pm
i'm not trading the euro/dollar till the new year. seems to defy logic except the last two days which was a given.

be careful everyone.
  • #51,190
  • Dec 17, 2008 7:48pm Dec 17, 2008 7:48pm
Quoting pawe26
i'm still waiting SL on 1.4450 the same as entry; if it wont go up now should retrance to 1.43 area
It does not work that way, it will continue going higher, otherwise there is no incentive for it to come down lower, you see there has to be a higher price in order for the drop to occur.
  • #51,191
  • Dec 17, 2008 7:49pm Dec 17, 2008 7:49pm
I'm just waiting for Friday
Not all sins are created equal
  • #51,192
  • Dec 17, 2008 7:50pm Dec 17, 2008 7:50pm
Quoting sirxl
I will wait for it to go low to 1.4200, then long again to 1.4600.....then we'll see a short before the big jump up to 1.60 again ? hmmm

SIxr, lol, don't take me wrong, i was scalping that little retracement after the spike to 1.445

Still bullish, in fact the pattern has been spike up, ascending triangle, break, spike up, ascending triangle... (Lower Timeframes help here) so no reason to go short for me in the long run *yet*
Traders are smartasses
  • #51,193
  • Dec 17, 2008 7:52pm Dec 17, 2008 7:52pm
Quoting iii
Unlike you I do not become upset, but hey if that works for you then more power to you.
dude calm down. I appreciate your opinions as I'm sure others do, but only time will tell who is right. I think maybe up is possible, but so is sideways and down. Go with the flow and happy pipping
  • #51,194
  • Dec 17, 2008 7:52pm Dec 17, 2008 7:52pm
Quoting doblece
If 1.42 was morbid, how'd you call 1.4450?
...done and with a fork stuck in me. fortunately i been on a short leash lately with my honey shopping and propping up the retail sales figures for next month. I did get 100 pips on GU last night, closed it an hour or so before it tanked several hundred more... par for the course these days.

in hindsight, the best decision I've made in the last 3-4 weeks was when I posted that I was going to stop trading until next year. The worst decision I made was not sticking to it.

my bad... unless I can figure out a way to blame it on one of you guys.
FUBAR...
  • #51,195
  • Dec 17, 2008 7:56pm Dec 17, 2008 7:56pm
no its time to be money smart. stay out if your unsure..its not written in stone. one thing is sure it will go up down and down up many times...watch the trend for your trading style..
those who can, do. those who cant, talk about those who can
  • #51,196
  • Dec 17, 2008 7:57pm Dec 17, 2008 7:57pm
Quoting ak4x
...done and with a fork stuck in me. fortunately i been on a short leash lately with my honey shopping and propping up the retail sales figures for next month. I did get 100 pips on GU last night, closed it an hour or so before it tanked several hundred more... par for the course these days.

in hindsight, the best decision I've made in the last 3-4 weeks was when I posted that I was going to stop trading until next year. The worst decision I made was not sticking to it.

my bad... [b]unless I can figure out a way to blame it on one...
Sorry AK. Can I buy you several pints of Guinness to make up for it?
Not all sins are created equal
  • #51,197
  • Dec 17, 2008 7:57pm Dec 17, 2008 7:57pm
Quoting iii
It does not work that way, it will continue going higher, otherwise there is no incentive for it to come down lower, you see there has to be a higher price in order for the drop to occur.
mayby will continiue going higher

but right now my SL is 1.4440; TP is around 1.4300-1.4320 area and here also have BUY order
  • #51,198
  • Dec 17, 2008 7:59pm Dec 17, 2008 7:59pm
Quoting gatorinla
no its time to be money smart. stay out if your unsure..its not written in stone. one thing is sure it will go up down and down up many times...watch the trend for your trading style..
good luck gator
  • #51,199
  • Dec 17, 2008 8:04pm Dec 17, 2008 8:04pm
Looking at the longer term (weeks, not days), I'm firmly convinced that it will continue to go higher.

But it doesn't mean that it won't take a dive for a few days or a week.

The pair shows being overbought on the daily chart but oversold on the monthly. But of course, I'm an old fart who's trading time frames that are way too long aren't I?
Not all sins are created equal
  • #51,200
  • Dec 17, 2008 8:05pm Dec 17, 2008 8:05pm
Quoting Spsantos
Euro is still bullish, we need to wait for consolidation to come before finally assuming a certain retracement..

So the waiting and watching, we are now under low volumes, so very few movements.

Either way the mentality of previous days still mantains, with the exception that we know that we are closer to the top, we just need those signs to start appearing.
Thanks for your response. When you say we're closer to the top, what do you mean? How do you define the top here? We're just half way from where the euro fell from the 1.6 region.

Regards
Tolu
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