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EURUSD

  • #52,841
  • Dec 30, 2008 12:16am Dec 30, 2008 12:16am
Quoting SeerEye
that settles that - lol
Yep, Correcting myself here, my short was from 109 not 107.
  • #52,842
  • Dec 30, 2008 12:19am Dec 30, 2008 12:19am
Stop is now at BE +1
  • #52,843
  • Dec 30, 2008 12:24am Dec 30, 2008 12:24am
Quoting iii
Stop is now at BE +1
this ain't gunna retrace back up there right now. It will pause around the 1.4022 range (23.6% fib of 1.3917 and 1.4364) then probably continue down imo.
Pip what you see; See what you pip!
  • #52,844
  • Dec 30, 2008 12:26am Dec 30, 2008 12:26am
Quoting SeerEye
this ain't gunna retrace back up there right now. It will pause around the 1.4022 range (23.6% fib of 1.3917 and 1.4364) then probably continue down imo.
I think so as well, there is absolutely no reason for it to go back near that level unless this innitial move is just stop hunting, in which case I will still protect 1 pip.
  • #52,845
  • Dec 30, 2008 12:29am Dec 30, 2008 12:29am
Quoting iii
I think so as well, there is absolutely no reason for it to go back near that level unless this innitial move is just stop hunting, in which case I will still protect 1 pip.
this don't feel like stop hunting -
Pip what you see; See what you pip!
  • #52,846
  • Dec 30, 2008 12:29am Dec 30, 2008 12:29am
Quoting iii
I think so as well, there is absolutely no reason for it to go back near that level unless this innitial move is just stop hunting, in which case I will still protect 1 pip.
nope not stop hunting there is massive dollar strength across the board for some reason?
  • #52,847
  • Dec 30, 2008 12:31am Dec 30, 2008 12:31am
if asia is buyin USD near sesion close then London gonna masacre EUR
Lets see
  • #52,848
  • Dec 30, 2008 12:33am Dec 30, 2008 12:33am
Quoting 5ysfx
if asia is buyin USD near sesion close then London gonna masacre EUR
Lets see
cool im short from 110 so plenty of dollar strength and euro weakness please
  • #52,849
  • Dec 30, 2008 12:35am Dec 30, 2008 12:35am
a potential full retrace of this move up today back down to 1.3917 and then some - though, it didn't like my MS1 line of 1.3992 (to the pip - btw. Though, might be an opportunity to reload.
Pip what you see; See what you pip!
  • #52,850
  • Dec 30, 2008 12:36am Dec 30, 2008 12:36am
the bottom is falling out of euro/gb too
  • #52,851
  • Dec 30, 2008 12:43am Dec 30, 2008 12:43am
Quoting gatorinla
my eur/usd longer term charts are almost slightly bullish now. this is the first time since the summer this has happend. my long term is a 10 month average. the supply is already bullish. the demand part is finally catching up.. i may be late to the party that everyone talked 2 weeks ago. but this is a spring break party andwe still get cold days in spring. and i got all summer. i didnt make or loss a dollar yet. excluding a few scalps. im still nuetral leaning more bullish then 2 weeks ago. but its not there yet. im a position type trader and the...
so close yet so far..
those who can, do. those who cant, talk about those who can
  • #52,852
  • Dec 30, 2008 12:44am Dec 30, 2008 12:44am
Quoting PipLand
the bottom is falling out of euro/gb too
this is great opportunity also
took short here SL 9730 but TP OPEN
  • #52,853
  • Dec 30, 2008 12:49am Dec 30, 2008 12:49am
Quoting 5ysfx
this is great opportunity also
took short here SL 9730 but TP OPEN
sweet, good luck with that!

im getting worried the mini dollar rally has ran out of steam
  • #52,854
  • Dec 30, 2008 12:56am Dec 30, 2008 12:56am
Quoting PipLand
sweet, good luck with that!

im getting worried the mini dollar rally has ran out of steam
There might be a consolidation at this level (1-3 hrs). In the mean time I am going to let this thing ride. It broke out a bit earlier than I expected.
  • #52,855
  • Dec 30, 2008 1:02am Dec 30, 2008 1:02am
Quoting iii
There might be a consolidation at this level (1-3 hrs). In the mean time I am going to let this thing ride. It broke out a bit earlier than I expected.
yeah your prob right this holiday trading is too slow for me. I was hoping it would test 3915 where i'll prob take half or all of my profit if theres strong support even.
  • #52,856
  • Dec 30, 2008 1:19am Dec 30, 2008 1:19am
nowdays 200pips tumble all over is a sweet caress
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #52,857
  • Dec 30, 2008 1:23am Dec 30, 2008 1:23am
EurUsd is showing different setups on differ timeframes.
ON 1H the trend is down
On 4H the trend is up with stochs crossing up and RSI (21) above 50
On daily chart we again have the same situation as on 4H
While weekly chart shows the stochs crossing down and RSI trading below 50.

As a thumb rule, it would be good to follow the trend on the bigger time frame i.e. weekly and wait for 4h stochs to be in the over brought area before entering short.

Please comment what you think about the analysis?

Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Eurusdh4.JPG Size: 255 KB
Click to Enlarge Name: EURUSDH1.JPG Size: 265 KB
Click to Enlarge Name: eurusddaily.JPG Size: 258 KB
Click to Enlarge Name: eurusdweekly.JPG Size: 267 KB
  • #52,858
  • Dec 30, 2008 1:32am Dec 30, 2008 1:32am
Quoting Javed
EurUsd is showing different setups on differ timeframes.
ON 1H the trend is down
On 4H the trend is up with stochs crossing up and RSI (21) above 50
On daily chart we again have the same situation as on 4H
While weekly chart shows the stochs crossing down and RSI trading below 50.

As a thumb rule, it would be good to follow the trend on the bigger time frame i.e. weekly and wait for 4h stochs to be in the over brought area before entering short.

Please comment what you think about the analysis?

Thanks
I do not use indicators so it is difficult for me to say, however using a larger time frame as basis to trade on daily is not too good of an idea. As a rule of thumbs shorter time frames are used for positioning, therefore it would be wise to either stay away if you are conflicted about the direction or place a trade (on a shorter term) using your smaller time frames.
  • #52,859
  • Dec 30, 2008 1:34am Dec 30, 2008 1:34am
this move is bullshit...

edit: im just mad because i had some good profit that evaporated and stoped out
  • #52,860
  • Dec 30, 2008 1:39am Dec 30, 2008 1:39am
Quoting weswes
this move is bullshit...


i lost 30 pips also...but when it was tumbling i gained 69 pips.... looking forward to begin tumbling again ....
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