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EURUSD

  • #70,621
  • Mar 3, 2009 10:44am Mar 3, 2009 10:44am
!!! further breakout variant up to 1,2440/60
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  • #70,622
  • Mar 3, 2009 10:44am Mar 3, 2009 10:44am
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 10:44am Mar 3, 2009 10:44am
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 10:50am Mar 3, 2009 10:50am
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 11:03am Mar 3, 2009 11:03am
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 11:03am Mar 3, 2009 11:03am
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 11:08am Mar 3, 2009 11:08am
Quoting acumen
I hope you are building them a penny at a time.
  • #70,628
  • Mar 3, 2009 11:08am Mar 3, 2009 11:08am
PA looks manipulated downwards right now. The thick zone is still .2630 to .2550.
  • #70,629
  • Mar 3, 2009 11:15am Mar 3, 2009 11:15am
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 11:34am Mar 3, 2009 11:22am | Edited 11:34am
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 11:25am Mar 3, 2009 11:25am
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 11:33am Mar 3, 2009 11:33am
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 11:35am Mar 3, 2009 11:35am
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 11:42am Mar 3, 2009 11:42am
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 11:43am Mar 3, 2009 11:43am
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 11:52am Mar 3, 2009 11:52am
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 11:54am Mar 3, 2009 11:54am
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 12:00pm Mar 3, 2009 12:00pm
Flipped to short. Hour closed, dow ready for afternoon selloff.
  • #70,639
  • Mar 3, 2009 12:08pm Mar 3, 2009 12:08pm
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 12:12pm Mar 3, 2009 12:12pm
Quoting ak4x
someone might start believing that...
Only a few though.
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