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EURUSD

  • #52,841
  • Dec 29, 2008 10:16pm Dec 29, 2008 10:16pm
Quoting SeerEye
that settles that - lol
Yep, Correcting myself here, my short was from 109 not 107.
  • #52,842
  • Dec 29, 2008 10:19pm Dec 29, 2008 10:19pm
Stop is now at BE +1
  • #52,843
  • Dec 29, 2008 10:24pm Dec 29, 2008 10:24pm
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 29, 2008 10:26pm Dec 29, 2008 10:26pm
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 29, 2008 10:29pm Dec 29, 2008 10:29pm
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 29, 2008 10:29pm Dec 29, 2008 10:29pm
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 29, 2008 10:31pm Dec 29, 2008 10:31pm
if asia is buyin USD near sesion close then London gonna masacre EUR
Lets see
  • #52,848
  • Dec 29, 2008 10:33pm Dec 29, 2008 10:33pm
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 29, 2008 10:35pm Dec 29, 2008 10:35pm
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 29, 2008 10:36pm Dec 29, 2008 10:36pm
the bottom is falling out of euro/gb too
  • #52,851
  • Dec 29, 2008 10:43pm Dec 29, 2008 10:43pm
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 29, 2008 10:44pm Dec 29, 2008 10:44pm
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 29, 2008 10:49pm Dec 29, 2008 10:49pm
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 29, 2008 10:56pm Dec 29, 2008 10:56pm
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 29, 2008 11:02pm Dec 29, 2008 11:02pm
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 29, 2008 11:19pm Dec 29, 2008 11:19pm
nowdays 200pips tumble all over is a sweet caress
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #52,857
  • Dec 29, 2008 11:23pm Dec 29, 2008 11:23pm
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 29, 2008 11:32pm Dec 29, 2008 11:32pm
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 29, 2008 11:34pm Dec 29, 2008 11:34pm
this move is bullshit...

edit: im just mad because i had some good profit that evaporated and stoped out
  • #52,860
  • Dec 29, 2008 11:39pm Dec 29, 2008 11:39pm
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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