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EURUSD

  • #52,061
  • Dec 22, 2008 6:08am Dec 22, 2008 6:08am
Quoting chiangkool
Hello everybody, I've been reading this forum from several weeks ago. I'm a newbie in forex world, hoping will learn a lot from this forum.
It's good to know about this forum. I'm focusing in EUR/USD pair. It's been very fluctuate during these days, is it normal about this up and down ? Is it because closing the year end ?
Please advise. Thank you.
I am also new here, and the current market situation is unstable.
  • #52,062
  • Dec 22, 2008 6:11am Dec 22, 2008 6:11am
Hello everybody, I've been reading this forum from several weeks ago. I'm a newbie in forex world, hoping will learn a lot from this forum.
It's good to know about this forum. I'm focusing in EUR/USD pair. It's been very fluctuate during these days, is it normal about this up and down ? Is it because closing the year end ?
Please advise. Thank you.
  • #52,063
  • Dec 22, 2008 6:27am Dec 22, 2008 6:27am
Market seems to be in between S/R lines. Looks like the majority of stops have been placed at the 1.300(ish) area. Which shows, when the market bounced up off that area, stops where placed in hopes the market would move to the next S/R line which is 1.4180(ish).

Momentum to move the market up seems low ... volatility is high with very unpredictable spikes occuring and because the market in in between S/R lines, price action may go up or down.

Safe bet is to not trade until P/A come close to a major S/R line. Another safe thing to do is, place a pending order (buy/sell stops or limits) below (if P/A moving down) an S/R line and above (if P/A moving up) an S/R line.

This is my own personal outlook of the market. TRADE AT YOUR OWN RISK.
  • #52,064
  • Dec 22, 2008 6:41am Dec 22, 2008 6:41am
I didn't find any reason trading at this moment.
What goes up must come down.
  • #52,065
  • Dec 22, 2008 7:16am Dec 22, 2008 7:16am
Quoting smartlee
I didn't find any reason trading at this moment.
what ?????

look eu just moved 1 pip !!!

that could be taken !!!



well i am on the fence since london, took just 2 trades @ +217

correctly said, there is no point wasting time here, its gone flat.
  • #52,066
  • Dec 22, 2008 7:20am Dec 22, 2008 7:20am
EURUSD movement is rocking me to sleep....and its 11.19pm local time here in Singapore....
  • #52,067
  • Dec 22, 2008 7:21am Dec 22, 2008 7:21am
Quoting junglelion
what ?????

look eu just moved 1 pip !!!

that could be taken !!!



well i am on the fence since london, took just 2 trades @ +217

correctly said, there is no point wasting time here, its gone flat.
Agreed. Market is flat at the moment. If the market does not move by 11am(est) ... its not going anywhere until tomorrows news come out. So ... Im hanging it up at 11am(est) unless the market tells me otherwise.
  • #52,068
  • Dec 22, 2008 7:32am Dec 22, 2008 7:32am
i've been long and short and long again today, the end result is exactly 0, bring that volatility back!
  • #52,069
  • Dec 22, 2008 7:41am Dec 22, 2008 7:41am
Quoting lexazver
i've been long and short and long again today, the end result is exactly 0, bring that volatility back!
Take Viagra
  • #52,070
  • Dec 22, 2008 8:03am Dec 22, 2008 8:03am
At least u/j has jsut reached its first S/R lines. Now let me see if she bounce or break.
  • #52,071
  • Dec 22, 2008 8:04am Dec 22, 2008 8:04am
Quoting Jhig
At least u/j has jsut reached its first S/R lines. Now let me see if she bounce or break.
And it looks like its bounced down
  • #52,072
  • Dec 22, 2008 8:33am Dec 22, 2008 8:33am
Quoting junglelion
Take Viagra
I took it four hours ago. Hope it will hit TP or SL any moment.
The Thief of Wall Street
  • #52,073
  • Dec 22, 2008 8:43am Dec 22, 2008 8:43am
closed for 100pips at 13905. If it can break through 139 support (38.2% of the December rise) then it should fall to the mid 600s (50%) by my reckoning.
  • #52,074
  • Dec 22, 2008 8:46am Dec 22, 2008 8:46am
Quoting Chicky
I took it four hours ago. Hope it will hit TP or SL any moment.
Contact your physician immediately If it forms an inverted hammer.

Hahaha
  • #52,075
  • Dec 22, 2008 8:50am Dec 22, 2008 8:50am
Quoting pablo_fernandez
Contact your physician immediately If it forms an inverted hammer.

Hahaha
I would rather contact someone else, may also be a physician.
The Thief of Wall Street
  • #52,076
  • Dec 22, 2008 8:55am Dec 22, 2008 8:55am
Quoting Pips_Hunter
EURUSD movement is rocking me to sleep....and its 11.19pm local time here in Singapore....
LOL

EURUSD lullaby

Got my 5% for the day...sleep tight!
  • #52,077
  • Dec 22, 2008 9:01am Dec 22, 2008 9:01am
Quoting TIckerShuffl
LOL

EURUSD lullaby

Got my 5% for the day...sleep tight!
I got 10% so far, bu expecting a big move, may be on the way up. You may like to watch the screen few more minutes before you switch off - Just a thought.
The Thief of Wall Street
  • #52,078
  • Dec 22, 2008 9:14am Dec 22, 2008 9:14am
Paint mostly dry by now. pheeew, pass me that bucket of paint so we can start watching some more...
  • #52,079
  • Dec 22, 2008 9:19am Dec 22, 2008 9:19am
Hello all, I have been watching this thread religiously for the last few weeks as a newbie to Forex who somehow managed to wangle a job as a Forex trader.
Looking forward to getting more involved. Thanks to Algirdas and Shadow FX especially for aluable info over the past few weeks and hope I too can be of help someday
  • #52,080
  • Dec 22, 2008 9:34am Dec 22, 2008 9:34am
well, while we watch the paint dry, here is some interesting reading.

http://tinyurl.com/9ohj3o
325 traders viewing now