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EURUSD

  • #70,621
  • Mar 3, 2009 12:44pm Mar 3, 2009 12:44pm
!!! further breakout variant up to 1,2440/60
{Promotion Removed}
  • #70,622
  • Mar 3, 2009 12:44pm Mar 3, 2009 12:44pm
Short at 1.2560 SL @ 1.2590, looking for a break near 1.2540ish
"Don't work for your money, but let money work for you."
  • #70,623
  • Mar 3, 2009 12:44pm Mar 3, 2009 12:44pm
I'm back to building long positions, adding more to my position as price moves against me.

The trend is still down, but we're going to have some major bumps on the ride. I'll be sealing in some nice profits as we do, while anticipating a good run up at some point.

As always MM (money management) is the key here.
  • #70,624
  • Mar 3, 2009 12:50pm Mar 3, 2009 12:50pm
Quoting F.x.
I'm back to building long positions, adding more to my position as price moves against me.

The trend is still down, but we're going to have some major bumps on the ride. I'll be sealing in some nice profits as we do, while anticipating a good run up at some point.

As always MM (money management) is the key here.
I hope you are building them a penny at a time.
  • #70,625
  • Mar 3, 2009 1:03pm Mar 3, 2009 1:03pm
Quoting F.x.
I'm back to building long positions, adding more to my position as price moves against me.

The trend is still down, but we're going to have some major bumps on the ride. I'll be sealing in some nice profits as we do, while anticipating a good run up at some point.

As always MM (money management) is the key here.

Its just difficult for me to see any significant moves upward until we break below the last swing low of 2512. Since this market just hit 2520 I would expect to see that break happen any time now.

Just food for thought.
  • #70,626
  • Mar 3, 2009 1:03pm Mar 3, 2009 1:03pm
Quoting acumen
I hope you are building them a penny at a time.
If you don't mind me asking, how are you planning this strategy out???
"Don't work for your money, but let money work for you."
  • #70,627
  • Mar 3, 2009 1:08pm Mar 3, 2009 1:08pm
Quoting acumen
I hope you are building them a penny at a time.
  • #70,628
  • Mar 3, 2009 1:08pm Mar 3, 2009 1:08pm
PA looks manipulated downwards right now. The thick zone is still .2630 to .2550.
  • #70,629
  • Mar 3, 2009 1:15pm Mar 3, 2009 1:15pm
Quoting gatorinla
im not putting money where mouth is on the way up .. but do think we will see at least 2602/2618... in the next hour...
I'm with ya man... I will be adding to my position on a 2603/2612 retrace.

How are you coming up with your targets? Mine are from TL and FIB crosses near significant pivots.
  • #70,630
  • Edited 1:34pm Mar 3, 2009 1:22pm | Edited 1:34pm
Hi,

Need to confirm this.

Heard Big names buying USD for EUR for very large , in Far East and Europe session.
I cannot find any public media reporting this.
Appreciate any info from the trading community.

regards
  • #70,631
  • Mar 3, 2009 1:25pm Mar 3, 2009 1:25pm
Quoting acumen
I hope you are building them a penny at a time.
Bet that ;-)

Slowly but surely, that's the way to make money here. Not get rich quick.


Quoting GrnEydGuy
Its just difficult for me to see any significant moves upward until we break below the last swing low of 2512. Since this market just hit 2520 I would expect to see that break happen any time now.

Just food for thought.
I'm actually figuring 1.23 for a nice bounce, but anything before that would be icing on the cake.




Took out a nice long at 2555 that's looking pretty good right now.
  • #70,632
  • Mar 3, 2009 1:33pm Mar 3, 2009 1:33pm
Quoting chady250
If you don't mind me asking, how are you planning this strategy out???
I'm a scalper so I make long terms calls here just to be argumentative.

I don't like picking bottoms... too dangerous.

There were a ton of guys on this thread picking bottoms on 8/08/08.

They aren't here anymore.

Every day brings more horrid news around the globe and until that stops I'll be a dollar bull.

I like parity but would never place a long term trade.
  • #70,633
  • Mar 3, 2009 1:35pm Mar 3, 2009 1:35pm
Quoting F.x.
Bet that ;-)

Slowly but surely, that's the way to make money here. Not get rich quick.




I'm actually figuring 1.23 for a nice bounce, but anything before that would be icing on the cake.




Took out a nice long at 2555 that's looking pretty good right now.
I'm not sure about the rest.
  • #70,634
  • Mar 3, 2009 1:42pm Mar 3, 2009 1:42pm
Quoting acumen
I'm a scalper so I make long terms calls here just to be argumentative.

I don't like picking bottoms... too dangerous.

There were a ton of guys on this thread picking bottoms on 8/08/08.

They aren't here anymore.

Every day brings more horrid news around the globe and until that stops I'll be a dollar bull.

I like parity but would never place a long term trade.
I see what your saying. It definitly is dangerous to pick bottoms, lol i tried doing that back then, and well lucky it was a practice account lol.
"Don't work for your money, but let money work for you."
  • #70,635
  • Mar 3, 2009 1:43pm Mar 3, 2009 1:43pm
Just took 1.2588 for the 1.2550 long.

Might go higher all the way to 1.2700 but the 10 am est candle had a high of 1.2594 same as the current candle.
+ Charts Happen
  • #70,636
  • Mar 3, 2009 1:52pm Mar 3, 2009 1:52pm
Best day ever scaling this pair.

I made my weekly goal today.

I don't know if I believe in the zone trading bullshit but price sure respected those pivots and psych levels today.
Attached Image (click to enlarge)
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  • #70,637
  • Mar 3, 2009 1:54pm Mar 3, 2009 1:54pm
Quoting fti
Hi,

Need to confirm this.

Heard Big names buying USD for EUR for very large , in Far East and Europe session.
I cannot find any public media reporting this.
Appreciate any info from the trading community.

regards
The EURUSD is marking time but there are signs of strength such as today’s outside day that suggest the EURUSD is preparing for a significant rally. The best count treats the consolidation since late January as a triangle, which would place the drop from that triangle as wave 5 in the 5 wave decline from the December high. Under this count, a low is in at 1.25 and price is headed higher in order to more fully correct the decline from 1.47. If 1.25 is broken, then there is the possibility that the decline from 1.33 is an ending diagonal as wave 5. Reward to relative risk is high for bulls at this point, irrespective of which count is correct.
  • #70,638
  • Mar 3, 2009 2:00pm Mar 3, 2009 2:00pm
Flipped to short. Hour closed, dow ready for afternoon selloff.
  • #70,639
  • Mar 3, 2009 2:08pm Mar 3, 2009 2:08pm
Quoting acumen
...but price sure respected those pivots and psych levels today.
someone might start believing that...
Attached Image
FUBAR...
  • #70,640
  • Mar 3, 2009 2:12pm Mar 3, 2009 2:12pm
Quoting ak4x
someone might start believing that...
Only a few though.
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