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  • #70,261
  • Mar 2, 2009 8:54am Mar 2, 2009 8:54am
Quoting blindpeach
Hi to all , i see the eurusd gaining some resistance , as a newbie and watching the european markets loosing , what kind of movements on the eurusd we will expect ? long or short the question... Thanks to all traders .
its sitting near a trendline and lots of other support..that causing it to look like resistance but its false..it would not take much to cause a spike..
those who can, do. those who cant, talk about those who can
  • #70,262
  • Mar 2, 2009 8:55am Mar 2, 2009 8:55am
Quoting Chicky
Don't follow me. I am playing with house money and therefore in a position to give some of it back.
me too.. took a weeks worth of pips already *L*
those who can, do. those who cant, talk about those who can
  • #70,263
  • Mar 2, 2009 8:56am Mar 2, 2009 8:56am
Quoting F.x.
Well... I said I was adding to my short position so...


You'll get no argument out of me that we could see some higher prices for a bit here... But you can bet we're going to see a good drop at some point before we see any "big move up."
Sounds reasonable. Thanks
  • #70,264
  • Mar 2, 2009 9:14am Mar 2, 2009 9:14am
Quoting gatorinla
people who bought gold above 950 i bet are looking for an exit. if they can find a buyer.. unfriggenreal!!! GE almost 8 bucks a share.
Do you think that we may see gold again around 1000$?

Gold, Silver, Oil, Cotton, Cocoa, even Coffee it all went down very rapidly in last week.

EURUSD is bouncing today like its crazy :-) I think we may see today again 2550 but it wont be for long, then bouncing back to ~2700 is the way i see it.
  • #70,265
  • Mar 2, 2009 9:16am Mar 2, 2009 9:16am
Oil still experiencing some resistance, could be also stopping this pair from going higher. We have to wait and see.
  • #70,266
  • Mar 2, 2009 9:28am Mar 2, 2009 9:28am
up...
down
uppppp
downnnnnn

dancing.....

I better go to do something
  • #70,267
  • Mar 2, 2009 9:32am Mar 2, 2009 9:32am
Quoting dotweb.pl
Do you think that we may see gold again around 1000$?

Gold, Silver, Oil, Cotton, Cocoa, even Coffee it all went down very rapidly in last week.

EURUSD is bouncing today like its crazy :-) I think we may see today again 2550 but it wont be for long, then bouncing back to ~2700 is the way i see it.
dono.. but if a regular none trading person bought gold and gets burned do you think hes comming back? theres a lot of newbies buying gold.. add in some leverage and he may not come back... whos talking up gold? the people selling gold..if the world economy goes to the crapper there should be less commercial industrial demand for gold..golds used in some electronics... same thing with platinium used in cat crackers used to refine oil..and your cat converter in your car exaust.. if your buying less cars then demand should go down..silver is another less elctronics less home building less demand..if oil drops ...cheaper oil cheaper fertilizer made with oil cheaper grain.. but if dollar is stronger world wide. people who dont grow food are in trouble..at least u.s. still grows food.. economics with phsysics..every action there is a reaction..
those who can, do. those who cant, talk about those who can
  • #70,268
  • Mar 2, 2009 9:34am Mar 2, 2009 9:34am
P/A seems to be bouncing off of S/R levels 1.2627 & 1.2596. I guess a good bet would be to place buy/sell orders just beyond those levels.
Attached Image (click to enlarge)
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  • #70,269
  • Mar 2, 2009 9:36am Mar 2, 2009 9:36am
If anyone can draw a trendline today i`m buying beer
  • #70,270
  • Mar 2, 2009 9:36am Mar 2, 2009 9:36am
Quoting emda
up...
down
uppppp
downnnnnn

dancing.....

I better go to do something
prefer no position unbiased, i am also staying aside is better. instead looking for position to long usd/jpy.
  • #70,271
  • Mar 2, 2009 9:36am Mar 2, 2009 9:36am
Boring Day!

just 1 trade and no more... lousy price action - eurusd dont know where to go
  • #70,272
  • Mar 2, 2009 9:38am Mar 2, 2009 9:38am
came up almost to cover the gap and stopped to the pip.. that sucks..
those who can, do. those who cant, talk about those who can
  • #70,273
  • Mar 2, 2009 9:39am Mar 2, 2009 9:39am
Quoting MackS10
Oil still experiencing some resistance, could be also stopping this pair from going higher. We have to wait and see.
anone remmeber me hehe
have question iam still in demo after loose so much money can i say that support is 1.2549 if broked it will continue down coz in 17 february we see this price but didnot broked
  • #70,274
  • Mar 2, 2009 9:40am Mar 2, 2009 9:40am
We 'may' have better P/A this afternoon. Hopefully! But for now, I'm out with no open positions and will be taking a break until this afternoon.
  • #70,275
  • Mar 2, 2009 9:42am Mar 2, 2009 9:42am
EUR/USD is in a tight range. With reports coming out this whole week imo we should be ready for lots of whip-saw action.

I am attaching a HOURLY chart with range shown.

One thing of interest is the DOWN OPENNING GAP. Depending on the broker that you use the gap may look different. Because of difference in the time broker closes on Friday. So I'm not much worried about the gap.

The DAILY Chart, which has broken below the Triangle lower trendline is a sign that bears are in control. If we close below this trendline today, we could see tests of support last weeks low and we could see a decline in EUR/USD price to 1.10 area in coming weeks- based on my prior analysis. (See prior posts).
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  • #70,276
  • Mar 2, 2009 9:48am Mar 2, 2009 9:48am
Quoting Elghoz
anone remmeber me hehe
have question iam still in demo after loose so much money can i say that support is 1.2549 if broked it will continue down coz in 17 february we see this price but didnot broked
Support can be drawn anywhere on the chart and if 1.2549 is part of your plan then follow your rules. I suggest to keep trading demo until you develop a system that works for you.
  • #70,277
  • Mar 2, 2009 9:51am Mar 2, 2009 9:51am
Quoting candlesticks
EUR/USD is in a tight range. With reports coming out this whole week imo we should be ready for lots of whip-saw action.

I am attaching a HOURLY chart with range shown.

One thing of interest is the DOWN OPENNING GAP. Depending on the broker that you use the gap may look different. Because of difference in the time broker closes on Friday. So I'm not much worried about the gap.

The DAILY Chart, which has broken below the Triangle lower trendline is a sign that bears are in control. If we close below this trendline today, we could see tests...
its 10 day atr is 96 and we are already 196 today 100 over..
those who can, do. those who cant, talk about those who can
  • #70,278
  • Mar 2, 2009 10:05am Mar 2, 2009 10:05am
We are now out of gamblers territory. Looking forward to some serious business
The Thief of Wall Street
  • #70,279
  • Mar 2, 2009 10:06am Mar 2, 2009 10:06am
Looks a Good one, just taken it.

Good Trading.
Good Trading. (keep it simple).
  • #70,280
  • Mar 2, 2009 10:09am Mar 2, 2009 10:09am
Still in the same channel we've been in for most of the day... I'm thinking it'll still go up before breaking out on the low. This is just a headfake.

But if it starts going south from here quite a bit then hold on :-)


PS - entered a long at 2572 just for kicks.
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