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EURUSD

  • #51,761
  • Dec 19, 2008 7:26am Dec 19, 2008 7:26am
Hey Folks,

Bush is scheduled to speak today at 9am est. Do we know what he's going to speak about? Is this going to be about the auto bail-out, if so this could have some effect on the market so be careful.

Cheers
  • #51,762
  • Dec 19, 2008 7:30am Dec 19, 2008 7:30am
Did a couple short scalps last night before bed...this continued retrace makes sense, I guess.

Not sure what to do from here.
  • #51,763
  • Dec 19, 2008 7:33am Dec 19, 2008 7:33am
If in doubt... stay out
Probability Professor
  • #51,764
  • Dec 19, 2008 7:34am Dec 19, 2008 7:34am
Quote:
Originally Posted by govno http://www.forexfactory.com/images/buttons/viewpost.gif
I would wait until it touches 38,2% Fib level or around 3880.


agree
  • #51,765
  • Dec 19, 2008 7:35am Dec 19, 2008 7:35am
Quoting Galation
If in doubt... stay out
that's very good advice

Cheers
  • #51,766
  • Dec 19, 2008 7:41am Dec 19, 2008 7:41am
Smart ass, came down to 139.22 to 'eat' my sell order.
  • #51,767
  • Dec 19, 2008 7:41am Dec 19, 2008 7:41am
I believe he will talk about the bailout. And look like the bail out will be approve for 3 months only. Not the amount the BIG 3 wants but enough to get them to March when Obama Admin has time to review what they want to do.

The question now is will the help USD??? I presume so. This is what the dollar need to get back some of what they lost the last couple of weeks.



Quoting macockiner2
Hey Folks,

Bush is scheduled to speak today at 9am est. Do we know what he's going to speak about? Is this going to be about the auto bail-out, if so this could have some effect on the market so be careful.

Cheers
  • #51,768
  • Dec 19, 2008 7:50am Dec 19, 2008 7:50am
Quoting SeaPip
I believe he will talk about the bailout. And look like the bail out will be approve for 3 months only. Not the amount the BIG 3 wants but enough to get them to March when Obama Admin has time to review what they want to do.

The question now is will the help USD??? I presume so. This is what the dollar need to get back some of what they lost the last couple of weeks.

short if comes up to 1.3975
  • #51,769
  • Dec 19, 2008 7:51am Dec 19, 2008 7:51am
Yes, he'll talk about the auto bailout. You can also watch it on the White House website. Should begin in the next 10 min or so.
http://www.whitehouse.gov/live-wm-ws.v.html
  • #51,770
  • Dec 19, 2008 7:52am Dec 19, 2008 7:52am
Quoting klinckphilip
short if comes up to 1.3975

that was quick
  • #51,771
  • Dec 19, 2008 7:54am Dec 19, 2008 7:54am
EU pa tells me that its turning bullish now and i highly doubt that we will see anything below 1.39 today also 1.3920 held which reinforces my view.

of course anything is possible but ill be looking for good bullish set up to enter.

side note : euro fell 400 pips in a day - buy low sell high )

edit : if it does go below 1.39 ill start loading longs ( starting small of course )at 1.3880 irregardles
  • #51,772
  • Dec 19, 2008 8:08am Dec 19, 2008 8:08am
Scalp mania!!

I am not staying in for longer than a few minutes
  • #51,773
  • Dec 19, 2008 8:15am Dec 19, 2008 8:15am
And I am staying for the long run to about 1.32
  • #51,774
  • Dec 19, 2008 8:16am Dec 19, 2008 8:16am
Quoting sofia101
And I am staying for the long run to about 1.32
No stop loss?
Probability Professor
  • #51,775
  • Dec 19, 2008 8:17am Dec 19, 2008 8:17am
Quoting sofia101
And I am staying for the long run to about 1.32
1.3750 might be tough to crack
  • #51,776
  • Dec 19, 2008 8:18am Dec 19, 2008 8:18am
Just curious, is that what Jacko has as his target also?????




Quoting sofia101
And I am staying for the long run to about 1.32
  • #51,777
  • Dec 19, 2008 8:20am Dec 19, 2008 8:20am
Quoting TIckerShuffl
1.3750 might be tough to crack

1.3820 at least on the downside maybe not today but in the next week before we go lower
  • #51,778
  • Dec 19, 2008 8:22am Dec 19, 2008 8:22am
S3 - 1.3503
S2 - 1.3841
S1 - 1.4043
Pivot - 1.4381
R1 - 1.4583
R2 - 1.4921
R3 - 1.5123
Probability Professor
  • #51,779
  • Dec 19, 2008 8:24am Dec 19, 2008 8:24am
Quoting klinckphilip
1.3820 at least on the downside maybe not today but in the next week before we go lower
And then go Up?
{Promotion Removed}
  • #51,780
  • Dec 19, 2008 8:26am Dec 19, 2008 8:26am
So Dubya gave green light to the automaker bailout.
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