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EURUSD

  • #73,581
  • Mar 10, 2009 1:18pm Mar 10, 2009 1:18pm
WTF! 250 pips rally followed by a 200 pips drop?

thats a huge spinner on the daily!
  • #73,582
  • Mar 10, 2009 1:20pm Mar 10, 2009 1:20pm
.2631.
  • #73,583
  • Mar 10, 2009 1:21pm Mar 10, 2009 1:21pm
Quoting ak4x
Watch this crazy wench head back to the Dp...

Not on this chart but the 1hr Lower BB and DP within a few pips of each other at 2630, pysch level just below at xx20.

Currently at 2hr 21sma, 2660 historic S/R zone, and the brutal 50ema at 2650.

Be aware of that 2h Lower BB tho... this thing has a bad habit of eventually running from one to the other once it breaks that 21/50ma zone....

Current candle closes at 3pm CST.
is it me? just seems quiet..
those who can, do. those who cant, talk about those who can
  • #73,584
  • Mar 10, 2009 1:21pm Mar 10, 2009 1:21pm
Quoting Togu
you could get in now because even with the further plunge you could be in profit with first rebound! so your second trade have to close with profit beating the first position. Safe hedge I think.
Well, I ended up tossing in a few longs and then closed them for profits off the little bounce we just had. Will probably put in a small long position again soon but not 100% ready yet.
  • #73,585
  • Mar 10, 2009 1:21pm Mar 10, 2009 1:21pm
Any rumor, news, speeches that caused this drop?

DOW is still very positive: +280 as of this writing.

So what could have pushed this pair down?

Hmmm.. must be because of the artificial rally caused by some east european + asian central banks earlier..
  • #73,586
  • Mar 10, 2009 1:21pm Mar 10, 2009 1:21pm
Quoting ragnakore
WTF! 250 pips rally followed by a 200 pips drop?

thats a huge spinner on the daily!
Long term and swing trades are getting rocked.
  • #73,587
  • Mar 10, 2009 1:21pm Mar 10, 2009 1:21pm
Quoting acumen
The pound just fell off the chart.

It's missing. m

Post of the week, maybe the month, maybe the year, maybe...

Coffee all over the place... thanks mike.
FUBAR...
  • #73,588
  • Mar 10, 2009 1:23pm Mar 10, 2009 1:23pm
Any logic explanation for this?
  • #73,589
  • Mar 10, 2009 1:26pm Mar 10, 2009 1:26pm
[GERMAN FIN MIN STEINBRUECK] has been speaking about a number of issues, saying that Germany cannot afford to support a Eurozone bond and that there is a risk that troubled Euro states won't deal with their own problems if the country is too eager to help. Indeed, the Fin Min notes that he and Chancellor Merkel are both 'very reticent' on bilateral support for other Euro countries. However, according to Steinbrueck the Eurozone is 'stable' and there is no threat to the stability of the region. Nevertheless, adding to the earlier gloom laid out by a number of ECB speakers, Steinbrueck notes that the economic situation is extremely uncertain and has got worse in recent weeks. Looking beyond the bloc, the Fin Min says that there is no indication that Eastern Europe countries need more aid.


The [EU] says it is ready to support [ROMANIA] in avoiding the risks of increasing market pressures and achieving orderly unwinding balances. It points out it is in close consultations with the nation and the IMF to develop a joint response to bolster Romania's macroeconomic situation. Any financial aid is contingent on Romania's fiscal consolidation sustainability however. The EU's assistance will be in the form of a "insurance based, multilateral financing package". We await further developments.
those who can, do. those who cant, talk about those who can
  • #73,590
  • Mar 10, 2009 1:26pm Mar 10, 2009 1:26pm
Big time long @ 1.2631, S/L 1.2620, Target?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #73,591
  • Mar 10, 2009 1:30pm Mar 10, 2009 1:30pm
Quoting acumen
The pound just fell off the chart. It's missing....
Oooops....

Looks like that's not the only thing missing...
Attached Image
FUBAR...
  • #73,592
  • Mar 10, 2009 1:30pm Mar 10, 2009 1:30pm
Quoting F.x.
Well, I ended up tossing in a few longs and then closed them for profits off the little bounce we just had. Will probably put in a small long position again soon but not 100% ready yet.
Yeah, I trade small positions too, Because I like slow and steady income. I think you know what the majority trades!? rebounds only! and hedge funds, big speculators make these kind of drops and they run away with the money! and the majority of us trade these kind of rebounds because we think it's easy but in reality it's not!! Trade small! I already have taken long positions and I don't worry even if it continues to drop for about 1000 pips without retrace lol. Because the secret is, if I see an actual rebound I can take some bigger risks.
  • #73,593
  • Mar 10, 2009 1:31pm Mar 10, 2009 1:31pm
Quoting KillerWhale
Big time long @ 1.2631, S/L 1.2620, Target?
Good luck bro.. look like weak holder taking profit from pivot.. intraday trendline is broken and it failed to hold on levels that matter.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #73,594
  • Mar 10, 2009 1:31pm Mar 10, 2009 1:31pm


I am for real!!

Price stopped where it should!

1.2624 was the Bottom for this drop!
  • #73,595
  • Mar 10, 2009 1:31pm Mar 10, 2009 1:31pm
Hi friends What a day ? very painful for some and some really make good profits i like the fewer poster here now i think maret might check 12525 ish area before any pullback ?or in other words 12525 IS MOB (make or break area )any comment from the other friendTia
Mind vission traders
  • #73,596
  • Mar 10, 2009 1:31pm Mar 10, 2009 1:31pm
Quoting ak4x
Oooops....

Looks like that's not the only thing missing...
  • #73,597
  • Mar 10, 2009 1:33pm Mar 10, 2009 1:33pm
Quoting KillerWhale
Big time long @ 1.2631, S/L 1.2620, Target?
When the moves are as big as this one patince will pay bigger pips.
  • #73,598
  • Mar 10, 2009 1:34pm Mar 10, 2009 1:34pm
... @ +4,76% and +5,20, respectively.

Keep an eye at the end of today's session.

GL&GT
  • #73,599
  • Mar 10, 2009 1:35pm Mar 10, 2009 1:35pm
hehehehee wonderfull day callmargin was the gift of day for many of traders special whom didnot use stop loss
  • #73,600
  • Mar 10, 2009 1:37pm Mar 10, 2009 1:37pm
Quoting BoredToLoose


I am for real!!

Price stopped where it should!

1.2624 was the Bottom for this drop!
[MOODY'S] says that the pressure on emerging European nations needs to be [DIFFERENTIATED]. The ratings agency points out that they should not all be treated as if their creditworthiness were subject to uniform pressure. Moreover concerns surrounding how stable the Eurozone is are exaggerated. Moody's argues that the credit crisis is affecting all European governments to varying degrees, with the result that the ratings of some countries have come under stress because the crisis is revealing structural weaknesses. In some cases, imprudent financial liberalisation has set the convergence process into reverse. Ratings pressure stems from 2 areas; structural weakness in economic strength (eg, our example would be Russia's dependence on oil prices) or susceptibility to credit events - in particularly exchange rate or liquidity crises (our example in this area would be Hungary).
those who can, do. those who cant, talk about those who can
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