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EURUSD

  • #78,821
  • Mar 23, 2009 6:34am Mar 23, 2009 6:34am
DJI opens +2.1%
  • #78,822
  • Mar 23, 2009 6:37am Mar 23, 2009 6:37am
Quoting dysan4x
My long entry just got hit at 3545 - lets see where we go from here. SL & TP at 50.
Nice bounce off 530, with 515 support below - fingers crossed it holds. Would have gone long myself with some pos divergence, but none to be found at that level.
  • #78,823
  • Mar 23, 2009 6:38am Mar 23, 2009 6:38am
I'm long 1.3550
  • #78,824
  • Mar 23, 2009 6:39am Mar 23, 2009 6:39am
14 ( GMT ) american existing home sales release
  • #78,825
  • Mar 23, 2009 6:40am Mar 23, 2009 6:40am
1.3520-30, 1.3420 should provide support. Better to wait for a rejection of these zones to add longs. Keep in mind news comming out at 10 Eastern.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.support.png Size: 17 KB
  • #78,826
  • Mar 23, 2009 6:44am Mar 23, 2009 6:44am
Quoting psiholog
thank you ...seriously thank you very much for this chart. i finally understand what a weekend gap is.

note how there was a move up before the market "officially" opened. In other words any price action that goes on until market open is done by institutionals, big banks or whatever....not the hedge funds or other major players. A weekend gap...
bro you really didnt know there is no such things as gap?? those we see are "gaps"

dont spoilt my image of u being THE MAN hahaaha
  • #78,827
  • Mar 23, 2009 6:45am Mar 23, 2009 6:45am
Quoting emda
I'm long 1.3550
im for waiting for 3533 area
those who can, do. those who cant, talk about those who can
  • #78,828
  • Mar 23, 2009 6:46am Mar 23, 2009 6:46am
does any one see a double top forming at 4hour chart ?
nick around 3520

i guess below that is a big threat to the bulls
I SEE YOU !!
  • #78,829
  • Mar 23, 2009 6:47am Mar 23, 2009 6:47am
so the "gap" is FILLED...


so nukingfuts acumen or whoever not sure.. wins again lol

all within the week

c h e e r s
  • #78,830
  • Mar 23, 2009 6:54am Mar 23, 2009 6:54am
The definitely didn't work out the way I planned - BE+1 is better than -50.
  • #78,831
  • Mar 23, 2009 6:55am Mar 23, 2009 6:55am
anybody know why with the dow up this is going down? has it changed direction as far as the correlation with dow?
  • #78,832
  • Mar 23, 2009 6:56am Mar 23, 2009 6:56am
I'll be adding longs until 1.30
I'm low leveraged now
  • #78,833
  • Mar 23, 2009 7:00am Mar 23, 2009 7:00am
Quoting emda
I'll be adding longs until 1.30
I'm low leveraged now
What leverage do you think is a good compromise? 50? less?
Thanks...
I'll send a bottle of wine to my first voucherer ;-)
  • #78,834
  • Mar 23, 2009 7:01am Mar 23, 2009 7:01am
Quoting treadline
anybody know why with the dow up this is going down? has it changed direction as far as the correlation with dow?

dont flame me but. .. maybe more folks are forexing into USD to buy stocks?
  • #78,835
  • Mar 23, 2009 7:05am Mar 23, 2009 7:05am
Quoting richboy1972
What leverage do you think is a good compromise? 50? less?
Thanks...
it depends on your skills
I'd recommend 20
  • #78,836
  • Mar 23, 2009 7:07am Mar 23, 2009 7:07am
Quoting trading801
dont flame me but. .. maybe more folks are forexing into USD to buy stocks?

my understanding was that when the dow goes up usd gets weak and will do up. but im seeing that its now the opposite. so just wondering what everybody's take on this. has the correlation changed? and plus when the dow goes down it seems that e/u seems to go down faster than going up.
  • #78,837
  • Mar 23, 2009 7:18am Mar 23, 2009 7:18am
Quoting emda
it depends on your skills
I'd recommend 20
I'm a novice... i'm studying forex since sept.08. I've got a real account (a surviving account ;-)) since feb 09.

Actually i'm using a leverage = 50, but it seems too high.... maybe best 20 as you suggest.
Thanks.
I'll send a bottle of wine to my first voucherer ;-)
  • #78,838
  • Mar 23, 2009 7:20am Mar 23, 2009 7:20am
Quoting richboy1972
I'm a novice... i'm studying forex since sept.08. I've got a real account (a surviving account ;-)) since feb 09.

Actually i'm using a leverage = 50, but it seems too high.... maybe best 20 as you suggest.
Thanks.
50 needs too tight stops for this recent volatile market. very risky... I suggest you between 5 and 10 to start then... you will gain confidence and switch to 20 after 6 months
  • #78,839
  • Mar 23, 2009 7:24am Mar 23, 2009 7:24am
must have a crack in euro noone is seeing.. gbp up 80 and euro still down. with equitys up euro down something is fishy..im closing my long with a small profit looking for a better entry
those who can, do. those who cant, talk about those who can
  • #78,840
  • Mar 23, 2009 7:25am Mar 23, 2009 7:25am
This could be wave 3 down of a 5 wave elliott wave impulse sequense that started from today's high...meaning the trend has changed to bearish.

It would be nice to have a retrace to 1.3600 which is the 61.8% retrace of wave three and ride it down to 1.3400...and then a lot more!...1.000???

The bearish change that could take prices way lower wouldn't be confirmed unless the 5 waves down play out to 1.3400...so say wave experts I follow.
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