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  • #54,181
  • Jan 6, 2009 8:53am Jan 6, 2009 8:53am
ohh ISM etc...whoops i was looking at someething else..
  • #54,182
  • Jan 6, 2009 8:55am Jan 6, 2009 8:55am
In my experience, news is used as an excuse for price movements.
Trend is down, I would expect it to go that way after the news, be it fundamentally good or bad for the EUR/USD.
  • #54,183
  • Jan 6, 2009 8:55am Jan 6, 2009 8:55am
The absolutely perfect outside bar with double top on m15... BUT.. it closed right at support... I closed my short out

Quoting SpecialEd
Tweezers on the M30. Should go down now, but depends on news, I know.
DireXiv Make it happen, no one else is going to do it for you...
  • #54,184
  • Jan 6, 2009 8:57am Jan 6, 2009 8:57am
Quoting SpecialEd
I was within about 20 of my daily goal today and decided to take a ride on the Algirdas Express. Cost me 60 PIPs. Just now got back to break-even on the day, thanks to my return to THV rules. What a dumbasx.

That's great trading on your part, Cobra. Way to go.

Edit: The dumbasx was not Algirdas. It was me. He advised tight SL and I ignored him. Sorry Alg.
I usually don’t take a trade from another person but when Bemac shows up with something I analyze it by my own and it’s the second time that I got a nice ride because he stuck my nose in.

Important is to understand the trade and follow it up with open eyes and not blindly.

It’s nice to learn from the older ones
  • #54,185
  • Jan 6, 2009 8:57am Jan 6, 2009 8:57am
Will there be a sudden spike? wat you think
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  • #54,186
  • Jan 6, 2009 8:58am Jan 6, 2009 8:58am
Quoting klinckphilip
buy time

just my thoughts dont trade off of me
s1 and Ill bring the stops up to +1
  • #54,187
  • Jan 6, 2009 8:59am Jan 6, 2009 8:59am
It looks like the news will be dollar strong.
  • #54,188
  • Jan 6, 2009 9:05am Jan 6, 2009 9:05am
hey whats going on everyone...i just got in and was going through everything happenening it seems euro trend is still down.

whats everyones thoughts on seeing 1.30 come into play over the next 24hr ive looked at the 4h and daily. it seems if .3250 goes .3100 then .3000 are next. any thoughts?
  • #54,189
  • Jan 6, 2009 9:08am Jan 6, 2009 9:08am
Quoting NwFXenthsist
hey whats going on everyone...i just got in and was going through everything happenening it seems euro trend is still down.

whats everyones thoughts on seeing 1.30 come into play over the next 24hr ive looked at the 4h and daily. it seems if .3250 goes .3100 then .3000 are next. any thoughts?
I dont think that 1.3 will happen in the next 24 hrs. The most likely scenario is a consolidation for a couple of days.
  • #54,190
  • Jan 6, 2009 9:08am Jan 6, 2009 9:08am
Yes, it looks dollar strong, but the EURO hasnt budge. It is still ranging
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  • #54,191
  • Jan 6, 2009 9:09am Jan 6, 2009 9:09am
Quoting iii
It looks like the news will be dollar strong.
yeah got a little out of that but I am seeing what you guys are seeing now

got out at the top to wait for some down for a better entry but may just short what do you think
  • #54,192
  • Jan 6, 2009 9:10am Jan 6, 2009 9:10am
it seems to me that news cannot beat the collective downtrend. even if news says usd strong, my technicals don't tell me the same. looks like it will continue to go down...
  • #54,193
  • Jan 6, 2009 9:11am Jan 6, 2009 9:11am
Quoting BBPI_fxtrader
enough short EURUSD. +244 pips. good trade
Nice trade mate!

BTW, Is that a dog on your avatar? (Puli?)
  • #54,194
  • Jan 6, 2009 9:14am Jan 6, 2009 9:14am
Quoting iii
I dont think that 1.3 will happen in the next 24 hrs. The most likely scenario is a consolidation for a couple of days.
what are your thoughts on usd1/eur1
  • #54,195
  • Jan 6, 2009 9:15am Jan 6, 2009 9:15am
Quoting iii
I dont think that 1.3 will happen in the next 24 hrs. The most likely scenario is a consolidation for a couple of days.

i suppose consolidation for the next few wouldnt be a bad thing considering the past two for this pair, and many others.

range bound from .3300-.3500 would be a nice channel to trade.
  • #54,196
  • Jan 6, 2009 9:15am Jan 6, 2009 9:15am
Dollar strong means the EURUSD will go down.

Once 1.3400 level is broken, it's time to short again.

Seeing the 30min and 1h tweezers mean shorting is wise
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  • #54,197
  • Jan 6, 2009 9:17am Jan 6, 2009 9:17am
Quoting kris
Yes, it looks dollar strong, but the EURO hasnt budge. It is still ranging
Be patient... It is very anoying when someone changes their opinion every 10 seconds. Patience is a virtue.
  • #54,198
  • Jan 6, 2009 9:17am Jan 6, 2009 9:17am
Maybe I am not seeing what you are seeing. But the numbers doesn't look good for the USD. Infact it should be worse cause all 3 numbers were worse than anticipated which mean Eur should go up.

Now, the reason why we haven't seen EUR go up that much is do to the fact that people are weighting in on all these stimulus pack plans propose by the Obama administration, cause if those passed (which most likely) then it will dollar strong.




Quoting iii
It looks like the news will be dollar strong.
  • #54,199
  • Jan 6, 2009 9:18am Jan 6, 2009 9:18am
Quoting kris
Yes, it looks dollar strong, but the EURO hasnt budge. It is still ranging

I dont think that this is good for the dollar.....but it may have aready had a "buy the rumour" move from yesterday....

I did a news spike buy and took a few pips, but now need to see the more general reaction, so far the S1, 450 and 50% retrace all in the 3430 / 50 area is holding as resistance....
Trading Levels with WRBs
  • #54,200
  • Jan 6, 2009 9:19am Jan 6, 2009 9:19am
Quoting SeaPip
Maybe I am not seeing what you are seeing. But the numbers doesn't look good for the USD. Infact it should be worse cause all 3 numbers were worse than anticipated which mean Eur should go up.

Now, the reason why we haven't seen EUR go up that much is do to the fact that people are weighting in on all these stimulus pack plans propose by the Obama administration, cause if those passed (which most likely) then it will dollar strong.
Well so far the PA is not proving me wrong... remember its perception that counts, not the news number itself.
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