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EURUSD

  • #57,141
  • Jan 19, 2009 5:41am Jan 19, 2009 5:41am
I'd say easily 1.3115ish
"confidence is key to succe$$ in the FOREX".
  • #57,142
  • Jan 19, 2009 5:45am Jan 19, 2009 5:45am
Quoting Scalp Guru
I'd say easily 1.3115ish
dont confident to much
the bear will end around 1.3210
  • #57,143
  • Jan 19, 2009 5:49am Jan 19, 2009 5:49am
Bullish Pinbar on M15 might go up to test 1.3259 - 1.3277 which is Central PP and Weekly PP.
  • #57,144
  • Jan 19, 2009 5:49am Jan 19, 2009 5:49am
you can have it all.. im gonna get a nap.. closed 2 trades from friday for 300 pips.. lost 25 today (sunday) trying to force a square peg in a round hole.. you can catch lots of fish on a wet cold day rough seas like today.. or do the same in the sushine of a clear day with calm seas. all i got today was a wet cold ass... back later when us session opens... i like shooting fish in a barrel.. more healthy for my account...
those who can, do. those who cant, talk about those who can
  • #57,145
  • Jan 19, 2009 6:05am Jan 19, 2009 6:05am
Quoting gatorinla
you can have it all.. im gonna get a nap.. closed 2 trades from friday for 300 pips.. lost 25 today (sunday) trying to force a square peg in a round hole.. you can catch lots of fish on a wet cold day rough seas like today.. or do the same in the sushine of a clear day with calm seas. all i got today was a wet cold ass... back later when us session opens... i like shooting fish in a barrel.. more healthy for my account...
I agree. Unless you are a very proficient scalper, its best not to trade Holidays (US-MLK Day). Low vollatility, no news, & lots of pro traders with nothing to do today but jumping to market.

I'll be hanging back today.
  • #57,146
  • Jan 19, 2009 6:06am Jan 19, 2009 6:06am
Quoting Yohay
To me it looks that it has more space to move down, but on a thin market like today, anything can happen...
agree with you , 4hrly stochastic shows it moing southward from and overbought area
  • #57,147
  • Jan 19, 2009 6:09am Jan 19, 2009 6:09am
Quoting DireXiv
for all those wondering.. spain credit rating just cut... causing the quick drop.. where it goes from here is anyone's guess imho
Hey DireXiv, thanks for the heads up. By the way, where can i find that news; where did you find that out?
  • #57,148
  • Jan 19, 2009 6:17am Jan 19, 2009 6:17am
Quoting Tjpld
Bullish Pinbar on M15 might go up to test 1.3259 - 1.3277 which is Central PP and Weekly PP.
been there done that though.. now were moving on
  • #57,149
  • Jan 19, 2009 6:28am Jan 19, 2009 6:28am
EUR/USD is in an uptrend, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are rising, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3292 and 1.4721.
As expected, Friday's test of the 1.3340 resistance was successful and currently the pair is consolidating below 1.3380, before next leg upwards, to 1.3530. Crucial is 1.3211.




http://www.actionforex.com/images/st...2009011911.jpg
  • #57,150
  • Jan 19, 2009 6:37am Jan 19, 2009 6:37am
Where do u see an uptrend?
  • #57,151
  • Jan 19, 2009 6:42am Jan 19, 2009 6:42am
Israel cease fire, Middle east fire stop and USD index is increasing, I see Eu, Gold, commodities also down.
Give me patience
  • #57,152
  • Jan 19, 2009 6:44am Jan 19, 2009 6:44am
I think market will go down towards 61 or 78 fib level. Hence it is still safe to go short at 1.3220 or pivot level (for less risk)

TP will be at the Support 1, and 2.
{Promotion Removed}
  • #57,153
  • Jan 19, 2009 6:44am Jan 19, 2009 6:44am
Quoting wiKKid
Where do u see an uptrend?
after bottoming at 1.2331 (Oct.28,2008)
  • #57,154
  • Jan 19, 2009 6:48am Jan 19, 2009 6:48am
Looks like the price has moved to what could be strong support on m15.
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 26 KB
  • #57,155
  • Jan 19, 2009 6:56am Jan 19, 2009 6:56am
Quoting PositivePiP
after bottoming at 1.2331 (Oct.28,2008)

Tho we went thru the 61,8% - so wouldnt consider it an uptrend anymoar...
  • #57,156
  • Jan 19, 2009 7:04am Jan 19, 2009 7:04am
Quoting Bullfx
Israel cease fire, Middle east fire stop and USD index is increasing, I see Eu, Gold, commodities also down.
The FX market doesn't care about the middle east.

Seems like 1.3200 doesn't hold. Hopeing for a move further down.

Uptrend or Downtrend?
Depends on perspective and timeframe.
On M1 you will see an uptrend probably ever 7 minutes.

For the next week or two i'm still bearish until it proves me wrong and
get stopped out.

Look out for 1.3171. Daily S1. Will give it 50 Pips room for the possible retrace.
  • #57,157
  • Jan 19, 2009 7:11am Jan 19, 2009 7:11am
Quoting mikkom
I have to say that I don't like this article at all. Now it's mostly [imho] about who releases data when, not if there are too many positive surprises.

http://www.iht.com/articles/reuters/...PE-ECONOMY.php
i tend to agree with you friend, about the timing , but since i dont clearly see any major drive this week, the news will eventually equalize each other and i am swing trading within my range trades for this week, hope i am right.

and about the article you quoted , i suspect that is very likely, irrelevant and already priced in.
  • #57,158
  • Jan 19, 2009 7:30am Jan 19, 2009 7:30am
long at 1.3185...
don't know whether it's a wise decision or not..
will set stop to BEP if it reached 95...

any suggestions...?

i'm in cause all stochs from 5 mins to 1 hr is on the bottom lane...
think have to get up for some pips...
wish me luck guys...

*though i'm afraid of the 4 hr chart *
Money management is good for your health...
  • #57,159
  • Jan 19, 2009 7:31am Jan 19, 2009 7:31am
Here is my last activity and my short term view:

First image - Short Account.
Second - Long Account.

We may see now a resistance around 1.3160/80, if not 1.3100 today.
I am waiting to see a new up move to around 1.3430/60, but I favour shorts until 1.2770 or better maximum 1.2570.
Weekly I see a maximum of 1.3600/20 if price cross this level and hold so my view for a 1.27 before 1.40 again will change obviously!!

Open trades:
1 Short at 1.3740
1 Long at 1.3183

GL all!
Attached Images
  • #57,160
  • Jan 19, 2009 7:36am Jan 19, 2009 7:36am
Quoting 13thheaven
long at 1.3185...
don't know whether it's a wise decision or not..
will set stop to BEP if it reached 95...

any suggestions...?

i'm in cause all stochs from 5 mins to 1 hr is on the bottom lane...
think have to get up for some pips...
wish me luck guys...
1. Forget the 5 Minute chart
2. Forget about stochastics indicators. If price goes down even more
they will just keep hanging around at the bottom. They are of no help in
trending markets. And if markets are not trending you can not make money.
3. From the open price has fallen 170 Pips. Why should it start going up hundrets of pips right now? You are trying to stop a freight train which will crush you.

If it continues to test 1.3174 for an hour you will go absolutely mental.

There it goes. What did I say about the freight train and you getting in panic as soon as it heads lower?
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