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EURUSD

  • #66,761
  • Feb 19, 2009 11:01am Feb 19, 2009 11:01am
Quoting bgin2end
They had better refund the stops hit and put people back in their original position.
i don't think they will do that..
  • #66,762
  • Feb 19, 2009 11:09am Feb 19, 2009 11:09am
Quoting gatorinla
for those interested eur for some reason are another is getting stronger.. oil is up over 3 bucks and in the past this would have moved this pair ea 300/500 lower in a day....somethings going on...dono if eu hit bottom but its possibly close.. at least short term maybe longer...equitys had been down earlier, dow -60 s/p so on below oct low.. but euro found a low during this time actually over 100 pips up above days open. just something for shorts to think about..and any usd bulls..
I dunno about that.
Last summer, oil was at $147 a barrel, e/u was trading at 160xx
Now, oil is at $35 a barrel, e/u trading at 126xx.
  • #66,763
  • Feb 19, 2009 11:10am Feb 19, 2009 11:10am
Hey Ole buddy, your going to be waiting a long time! She is headed down South now.

AJ

Quoting bgin2end
Good stuff - I am waiting for 2800 to enter a short.

What platform are you using for 8 hour and 6 hour TF's??? I like the look.

Anybody paying attention to the super long term or the montly's?? I know on that TF we are still trending up, but I think it will hit the 50% fib @ 2300 before we move anywhere near 6000. Thoughts??
Disclaimer: Take all trades at your own risk. Trade Demo account only.
  • #66,764
  • Feb 19, 2009 11:12am Feb 19, 2009 11:12am
Quoting Mysticdiver
I dunno about that.
Last summer, oil was at $147 a barrel, e/u was trading at 160xx
Now, oil is at $35 a barrel, e/u trading at 126xx.
its all relative...
those who can, do. those who cant, talk about those who can
  • #66,765
  • Feb 19, 2009 11:14am Feb 19, 2009 11:14am
Heres the poop, guys. Thats hidden divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
Disclaimer: Take all trades at your own risk. Trade Demo account only.
  • #66,766
  • Feb 19, 2009 11:16am Feb 19, 2009 11:16am
Quoting AJspeed
Hey Ole buddy, your going to be waiting a long time! She is headed down South now.

AJ
maybe...I've been wrong before...a lot.

But my reason to think it may get there is

1. the rising trendline on the 1h charts are still intact
2. that is the 50% fib of the large move lower
3. I like getting in the market at a discount

If price is dropping, the most I'll miss out on is 80 pips, because I'll sell after a break of 2600 and then add another sell if we see a substantial break of 2500.

Either way, I agree the market is moving south, we just disagree on when and how high it will go until it drops...

Until then, I'm sitting on the sidelines watching a heck of a game.
  • #66,767
  • Feb 19, 2009 11:19am Feb 19, 2009 11:19am
Seriously, why in the world is EUR correlated to US indexes? Someone please answer me in laymans terms. Car analogy would be splendid. And don't even think about starting with "risk aversion", that is just a buzzword.
  • #66,768
  • Feb 19, 2009 11:20am Feb 19, 2009 11:20am
Quoting nvcK
Seriously, why in the world is EUR correlated to US indexes? Someone please answer me in laymans terms. Car analogy would be splendid. And don't even think about starting with "risk aversion", that is just a buzzword.
Two words...Risk Aversion...

I really don't know, just felt like being a smart a**.
  • #66,769
  • Feb 19, 2009 11:24am Feb 19, 2009 11:24am
Quoting Mysticdiver
I dunno about that.
Last summer, oil was at $147 a barrel, e/u was trading at 160xx
Now, oil is at $35 a barrel, e/u trading at 126xx.
i do follow ea closely and this is unusaul for this pair barely to move opposite of oil .. its usually extremely volitile.. equity down below oct.. but ej and other yen pairs flat to up...just odd..
those who can, do. those who cant, talk about those who can
  • #66,770
  • Feb 19, 2009 11:26am Feb 19, 2009 11:26am
Quoting sphinx
i don't think they will do that..
Hey I don't know what is going on both with the market, and myself. I was on phone all that time, but snow urprised to see that I am fully recovered from the down spike while playing with my key board during that call ......hahaha ....... lucky! Let me go back and check what my subconscious mind has done for me
The Thief of Wall Street
  • #66,771
  • Feb 19, 2009 11:27am Feb 19, 2009 11:27am
Quoting nvcK
Seriously, why in the world is EUR correlated to US indexes? Someone please answer me in laymans terms. Car analogy would be splendid. And don't even think about starting with "risk aversion", that is just a buzzword.

The US Dollar Index (USDX) is a futures contract offered by the New York Board of Trade. It is a trade-weighted average of six foreign currencies against the dollar. Currently, the index includes euros (EUR), Japanese yen (JPY), British pounds (GBP), Canadian dollars (CAD), Swedish kronas (SEK) and Swiss francs (CHF).
The Dollar Index broadly reflects the dollar's standing compared to the other major currencies of the world. It is widely used to hedge risk in the currency markets or to take a position in the US Dollar without having the risk exposure of a single currency pair.
those who can, do. those who cant, talk about those who can
  • #66,772
  • Feb 19, 2009 11:29am Feb 19, 2009 11:29am
Quoting bgin2end
What platform are you using for 8 hour and 6 hour TF's???
FxSol Accucharts
FUBAR...
  • #66,773
  • Feb 19, 2009 11:40am Feb 19, 2009 11:40am
I see a south to @2646 and after a fast promenade to @28 ... is someone thinking on same road before weekend?
  • #66,774
  • Feb 19, 2009 11:47am Feb 19, 2009 11:47am
Quoting SpecialEd
I'm now looking at what could be a nice H&S on the M15. Same on M30...
The 15m/20m are shaky imo, as the right shoulder is higher, it would be a dirty shampoo at best for me.

The 30m is better, and I like the line chart best for this as you well know. It currently has a couple things going for it, shown on the chart, and the batleground here seems to be the shaded area on the TL, R2, and the xx80 psych level.... which way will it tip?

Anticipating downwards, but all my tingly hairs are very nervous about some longer TF signals. There are some EXCELLENT traders here seeing the other side of all this with analysis to match..

It's all dancing on a sharp edge right now.
Attached Image
FUBAR...
  • #66,775
  • Feb 19, 2009 12:16pm Feb 19, 2009 12:16pm
Quoting ak4x
The 15m/20m are shaky imo, as the right shoulder is higher, it would be a dirty shampoo at best for me.

The 30m is better, and I like the line chart best for this as you well know. It currently has a couple things going for it, shown on the chart, and the batleground here seems to be the shaded area on the TL, R2, and the xx80 psych level.... which way will it tip?

Anticipating downwards, but all my tingly hairs are very nervous about some longer TF signals. There are some EXCELLENT traders here seeing the other side of all this with analysis...
I agree with all that you said here, including the potential for shxt going awry (up). I posted you a fib-related reply on THV. You'll like that one, I'm sure.
Up or down, gimme a ticket
  • #66,776
  • Feb 19, 2009 12:24pm Feb 19, 2009 12:24pm
OK, this was a fun day, but it sure felt like work. I got back to positive PIPs and quit. AK4X and the others scared me out of more short.

Going on a 3-day trip. See you all next week.

Good pippin' to all, and a nice weekend to ya.
Up or down, gimme a ticket
  • #66,777
  • Feb 19, 2009 12:30pm Feb 19, 2009 12:30pm
2hr hs pattern on gu still forming r shoulder/ if it continues lower..or remains below 4440


.not saying its gone here anytime soon.. just a wish list to catch a rove move or headfake...got entry on eu s2829 sl 2900 tp to be determined

eu L 2506 sl 2440 tp tbd

ea should be monitored it usaully goes down as oil rises voilently...maybe during aud/jpy it will drop...

GE fell below 10 bucks

equitys down may make newer low.. be safe
those who can, do. those who cant, talk about those who can
  • #66,778
  • Feb 19, 2009 12:34pm Feb 19, 2009 12:34pm
H&S on the 15 min is working very well so far..
  • #66,779
  • Feb 19, 2009 12:35pm Feb 19, 2009 12:35pm
I draw those green trend lines yeasturday and it looks like they work perfectly with todays growth.

http://www.dotweb.pl/_forex/eurusd_2...1_30_small.gif


Looks like its pretty good time to open shorts.

I already made few and i`m on nice + so far.
  • #66,780
  • Feb 19, 2009 12:41pm Feb 19, 2009 12:41pm
Quoting Levent
H&S on the 15 min is working very well so far..
market still dropping dow down 100... good trade.
those who can, do. those who cant, talk about those who can
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