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EURUSD

  • #67,001
  • Feb 20, 2009 12:44am Feb 20, 2009 12:44am
its interesting to see when market opens and the flood of order comes in.. the moment is crazy and scary.. !
  • #67,002
  • Feb 20, 2009 12:48am Feb 20, 2009 12:48am
Quoting trading801
its interesting to see when market opens and the flood of order comes in.. the moment is crazy and scary.. !

what?
  • #67,003
  • Feb 20, 2009 12:52am Feb 20, 2009 12:52am
Quoting klinckphilip
so everyone is in agreement that short where its at
No, not me. I trade dailies + only and I have no short signals yet. Patience is my middle name.

Looking at dumping a heap of my GU longs if it continues the way it is and geppy I will close for an easy 600 before the week is out.

If I was scalping EU, I would try lilmoe's HD theory long from 2550-60 (RTS line on the 4hr falling wedge I posted before) looking for 27ish or a double top from yesterday's high. Stops around 2500.

Don't trade that just cause I said it! It's my 30 sec analysis only. You've been warned
  • #67,004
  • Feb 20, 2009 1:00am Feb 20, 2009 1:00am
Good morning everyone!
  • #67,005
  • Feb 20, 2009 1:02am Feb 20, 2009 1:02am
closed my gu ... looking to possibly go long too
those who can, do. those who cant, talk about those who can
  • #67,006
  • Feb 20, 2009 1:04am Feb 20, 2009 1:04am
Looking at the EUR/USD daily chart, this pair has been in a downtrend since Dec 18. This trend is narrowing with support around 2515-2520 and resistance around 2700, starting to shape triangle and a break looks soon.

Do you expect it to break up or down? and what would be our target after break, where it will stop?
  • #67,007
  • Feb 20, 2009 1:05am Feb 20, 2009 1:05am
[quote=jamiewhite;2552902]YES WE MOST CERTAINLY HAVE!
I am very heavy in shorts from 1.2710 and 1.2715. I had some more at 1.2692 but I closed them Riding this trend like a surfer

There is some truth in what Sensei Jacko said But unless you have a system that can tell you that the price had peaked or topping and also a stalling signal that price is on the way down, Both are equally dangerous........Judging from your entry level, I dont think that the system is in place when you take the trade.
  • #67,008
  • Feb 20, 2009 1:08am Feb 20, 2009 1:08am
What do you think about 1.2569 support?
  • #67,009
  • Feb 20, 2009 1:08am Feb 20, 2009 1:08am
too fast
those who can, do. those who cant, talk about those who can
  • #67,010
  • Feb 20, 2009 1:11am Feb 20, 2009 1:11am
Quoting hytham
Looking at the EUR/USD daily chart, this pair has been in a downtrend since Dec 18. This trend is narrowing with support around 2515-2520 and resistance around 2700, starting to shape triangle and a break looks soon.

Do you expect it to break up or down? and what would be our target after break, where it will stop?
It could go either way, but the triangle is a falling wedge which does suggest up.

Similar scenario on the weekly too. A falling wedge, which suggests long.

A break short could see it short lived with Oct 08 lows and monthly support close by (plenty of buyers will be in these areas).

If Oct 08 lows are taken out, 1.16 area should be the next stop.

Don't know if we'll see parity this year, I would like to see what happens in the high teens (the last monthly low back in late 05/early 06).
  • #67,011
  • Feb 20, 2009 1:16am Feb 20, 2009 1:16am
EUR/USD seems to be reaching its H/S target. It also seems to conside with 4H charts Fib Retracement level. See attached charts
Attached Images
  • #67,012
  • Feb 20, 2009 1:16am Feb 20, 2009 1:16am
A break below support and what looks like a rejection of the 1.2600 round number (break and retest) warrants a stop/loss adjustment. Now protecting 28 pips. This will be my last trade of the week. Regardless of what happens from here, it's nice to end a profitable week with a profitable trade.
Attached Image
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #67,013
  • Feb 20, 2009 1:16am Feb 20, 2009 1:16am
Quoting Bemac
"Ban The Bong"
.
Attached Image
  • #67,014
  • Feb 20, 2009 1:21am Feb 20, 2009 1:21am
Ok, for sure pretty strong support at 1.2513, meanwhile I'm long at 2564.
  • #67,015
  • Feb 20, 2009 1:23am Feb 20, 2009 1:23am
Quoting NuckingFuts
It could go either way, but the triangle is a falling wedge which does suggest up.

Similar scenario on the weekly too. A falling wedge, which suggests long.

A break short could see it short lived with Oct 08 lows and monthly support close by (plenty of buyers will be in these areas).

If Oct 08 lows are taken out, 1.16 area should be the next stop.

Don't know if we'll see parity this year, I would like to see what happens in the high teens (the last monthly low back in late 05/early 06).
It looks more like 1.15 to me. I don't think 1.16 will be too much trouble.
  • #67,016
  • Feb 20, 2009 1:25am Feb 20, 2009 1:25am
anyways we should all make alot of pips if it closes below 1.23. About 700 worth
  • #67,017
  • Feb 20, 2009 1:27am Feb 20, 2009 1:27am
Quoting Maxsmart
It looks more like 1.15 to me. I don't think 1.16 will be too much trouble.
1.1639 I have as the monthly low back 05/06
  • #67,018
  • Feb 20, 2009 1:31am Feb 20, 2009 1:31am
Alrighty quit going long already.

yes, Im talking to you.
  • #67,019
  • Edited 2:04am Feb 20, 2009 1:31am | Edited 2:04am
Quoting acumen
Not a fan of the concept.

Usually never go above 1%/trade and usually less.

However... loaded up today.

This pair kept climbing and I kept searching for news.

When it hit S3 I knew she was coming back to reality at some point during the day so I loaded up.

I had about 5% on the table at one time.

I'm a scalper so I took profits relatively quickly but I don't recommend the practice.

Worked out this time to the tune of 200+ PIPS. (1 minute chart below)

Just curious really... how many of you load up from time to time?

Mike
I do from time to time on g/j...never did with e/u.
Last week of Jan I got in long on g/j at 11964, add a Pos every 100 pips, had a very specific target in mind, 13000...closed at 12910 or so, +4200 pips.
It was VERY hard to do, having all that money on the table, and knowing it could all go away. But. its about having confidence in your analysis.
  • #67,020
  • Feb 20, 2009 1:35am Feb 20, 2009 1:35am
Quoting T.E.Lawrence
Ok, for sure pretty strong support at 1.2513, meanwhile I'm long at 2564.
I closed that trade - few fast pips caught, which is nice - now I'm looking to short, preferably around 1.2602 which looks like nice resistance to me.
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