EURUSD

How can you be so cruel ? Not the Buddy list !!! Oh the shame !!!

Forgive me, I must go now. I can't stand the heartlessness. Maybe a bowel movement will help.

Hang on...Here it comes......Ahhhh. That's so much much better. What a relief.

Shorted at 2861 when price closed below the 5m 21sma but still concerned about a retrace maybe in asian session up to mid 29's or so... where I have a long term descending TL.

The bright spot is that current 4hr may be putting that to rest if it closes anywhere close to it's current state... 15 minutes to go on my chart. We'll see.

15m candle just closed right on the 200sma as well, so bounce or break of that may be imminent. Looking "tweezery" right now.

Price action's not terribly exciting here.

If it's the start of some temporary recovery, it's not doing so with any great fanfare, for sure.

Current 5m seems to show lots of action there at 2827. If price in fact breaks that level after soaking up all those stops and/or orders, then I'd look for the next level down to be reached... Pa will tell us where that is when it gets there.

Got 15 pips either way at this point.

If Elghoz takes you off his list can I add you to my buddy list?

No seriously does anyone have any material on Fibo Time Zones I read the stuff at Baby Pips..just not enough there. I have gotten the part about measuring the base of 2 bottoms and dividing by pi. then i get lost.

See my nice chart attached....see the giant " W" see the Fibo Time Zones...any have any links..titles of articles..well you know what I mean..
HELP!

I have a short also what to do what to do?

lindee

No clear pattern emerging right now. Strong case for bulls as well as bears. being content with scalping - no major positions.

pm'd you as well, but the thing with price is it's not vertical like those lines are, scottyb is looking at diagonal fib lines based on time.

i like that approach better but am waiting for HIM to do all the heavy lifting and then share his hard earned efforts with us mortals. Besides, he's way smarter than me.

me =
scottyb = :nerd:

ak4a
Thank You!

Bullish Divergence on the 15m watch your shorts.

[ON BACK-END OF US ECONOMY] Raw steel output fell -1.9% in the week ended Jan 31 per AISI industry trade group. Output was 1.006 net tons while plant cap use fell to 42.2%. That compares to 90.3% a year ago.

[US TREASURY Q1 BORROWING ESTIMATES] The Treasury has announced borrowing needs of $493 bln marketable debt for Q1 with a cash balance of $225 bln at the end of the quarter. Thus, an additional $142 bln will be raised by a rundown of the cash balance from $367 bln at the end of Q4.

Oil prices tumbled nearly 4 percent Monday in a volatile trading day fraught with more bad economic news, including thousands of job cuts by Macy’s department store.

A top Republican called for more mortgage relief and additional tax cuts in President Barack Obama's massive stimulus package as Democrats conceded privately they will drop items that have drawn bipartisan criticism.

damn obamas got a massive package!!!

un real........ GE down to $11.00... who would of thunk-it...there will be a mule shortage... invest in buggy whip stock..

[US STOCK CLOSE] Big tech led a mixed recovery from an early rout but industrials like GE remained a big drag, leaving the Dow off -0.8% while the Nasdaq gained over 1%. Action among majors sectors was net mixed with market internals underpinning that view. Down stocks were about even to winners in otherwise decent flow. Tech gained on some value-pickers along with safe-haven gains in healthcare, telecom and utilities. More signs of ugly global recession hit big cap industrials and energy stocks, with a firmer Usd negative for foreign-source income. Energy shares fell with oil testing the $40 handle while risk aversion perked up as VIX tested 50^ and Tsys caught a nice bid amid press reports of a delayed bank rescue plan from the Obama admin while the stimulus bill ran into strong GOP resistance in the Senate now under debate.

Dagnabit. I go to sleep and wake up to find my 100 pip stop on my short position has been hit. What the hell have you new yorkers been doing to the eurusd while I was asleep, huh?

Tonight at 730 est trade balance out of aus. Forcact is for 1.05B previous at1.45B. At 1030 est market expects 100 pt cut to 3.25% . I feel that the trade balance will come in worst than expected and a 125 to 150 pt cut in line with NZD cut. This would open up the AUS/USD to the .6250 / 6000 level. And see further upside in the EUR/AUS to the top of the range 2.0500 area . What are your thoughts ?

So does the EUR/AUD have a correlation to the EUR/USD? Does that mean the Eur will go up?

juicer this is for you. from a far away place a long time ago

i posted that in nov. it made that journey just a few weeks later..

Gator,
I also remember that post by you, so is there a correlation between the 2 pairs? and could this be the kicker for longs?

mostly with oil.. if oil spikes it will drop like a rock....it can (ea) go up as eu goes down .. i dont think its a set in stone correlation.. oil/commodities is the big driver bad for oil/commodities is bad for aussie...this pair will relate this