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  • #79,261
  • Edited 3:04pm Mar 24, 2009 2:37pm | Edited 3:04pm
Quoting nvcK
If this hour closes above 1.3533 I will go long.
gs hi, i appreciate you probably have no need to follow babypips however as a novice trader i tend to follow their blogs/posts etc.. there is a post on today to go short on eur/usd from 135. i know this game is not easy but i often wonder how two pro`s can call things so different.. any advise ?? I generally look to get in at a better price on these trades and then still use the same stop so as to reduce my risk. thanks..............sorry the post was actually,, short from 136, not as stated above 135.
  • #79,262
  • Mar 24, 2009 2:41pm Mar 24, 2009 2:41pm
Quoting gatorinla
not if its already priced in the market
And it wouldn't be unrealistic to think it was given the recent run up, right?
  • #79,263
  • Mar 24, 2009 2:42pm Mar 24, 2009 2:42pm
.... not on daily basis!!

Only waiting!

For all interested I continue my short Bias.

My last short entries 1.3666.

Numbers to watch this Month:
1.3155/77 we must close this Month below or near these numbers to see possible more drops from here.
Triple top ruling now.

My advice is: do not trade for daily basis.
open 1% of your account on a short trade and leave that trade until end of the month open. if Month close below 1.3155 do not close that trade if above 1.3177, close it!

GL ALL!
  • #79,264
  • Mar 24, 2009 2:43pm Mar 24, 2009 2:43pm
Quoting elizo
Apologies, just came back 5 minutes ago... there u go
Well, I guess it is not valid anymore, looking very bearish at the moment
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  • #79,265
  • Mar 24, 2009 2:47pm Mar 24, 2009 2:47pm
Quoting G550
So this would result in introducing more dollars into the marketplace which would increase supply and reduce demand. So in theory the Euro should go up? Is that how this would be interpreted?
in theory yes, but the eurusd is getting hammered...let's see if this does anything tomorrow...it should be interesting
  • #79,266
  • Mar 24, 2009 2:49pm Mar 24, 2009 2:49pm
i think eu will doing some correction because it stuck on fibo 23.6 before continue down...

just a nubie opinion...
  • #79,267
  • Mar 24, 2009 2:49pm Mar 24, 2009 2:49pm
Quoting gatorinla
not if its already priced in the market
maybe not, b/c is a supply and demand issue, not an news issue. The spike was a news issue, but now is given a lot of that back.
  • #79,268
  • Mar 24, 2009 3:00pm Mar 24, 2009 3:00pm
19:45 EUR/USD: Takes A Licking & Then A Kicking New York, March 24th. Well it seems the accelerated decline in the stock market has sped up the market's desire to see just how vulnerable the downside is. CTAs have been amongst the sellers according to bank traders, and stops sub- 1.3480 have pushed EUR/USD down to 1.3440 lows. Traders target 1.3300, the measured Fibo move of 1.3420/1.3735, but they will take a very hard look at 1.3420 first. US stocks are down 0.8/1.35%, and EUR/JPY has retreated to 131.59 at its nadir, last at 131.70.
  • #79,269
  • Mar 24, 2009 3:01pm Mar 24, 2009 3:01pm
Quoting KillerWhale
Well, I guess it is not valid anymore, looking very bearish at the moment
Indeed. But before the drop eurusd spiked sharply, which could be interesting if you are a scalper, like I am, as F.X. mentioned on his post.

Besides, this big drop -which is looking to 1.3420 as maximum extension, and that does not mean that we have to touch it- is emphasizing this divergence. Bearing in mind that that 1.3420 area looks pretty solid, I think it worths to buy on dips with TP not further than the previous support around 1.3480.

Just my opinion, and I will probably be wrong...
  • #79,270
  • Mar 24, 2009 3:05pm Mar 24, 2009 3:05pm
EUR-USD closed HOURLY Chart below yesterday's low of 1.3485. We are in bear territory where we can retrace further down. Only if we can brake above the high of last week 1.3738 will the bears be in control to take us further up to 1.3855 area of 61.8% ret. on the weekly chart and then higher to complete the "W" formation on the weekly chart. (See Weekly chart)

In my prior post, I posted a 30 min chart. See post http://www.forexfactory.com/showthre...28#post2624928 I am posting an updated 30 min chart to show how the trendlines held.
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  • #79,271
  • Mar 24, 2009 3:08pm Mar 24, 2009 3:08pm
Can someone tell me how much money in volume is traded on this pair. My estimates say 200 billion on day to day basis.
  • #79,272
  • Mar 24, 2009 3:09pm Mar 24, 2009 3:09pm
Hyperinflation coming
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  • #79,273
  • Mar 24, 2009 3:11pm Mar 24, 2009 3:11pm
the new 1 billion dollar bill
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  • #79,274
  • Mar 24, 2009 3:13pm Mar 24, 2009 3:13pm
3435 area may be a short term bottom..till assian session..its a near a lower trendline drawn from march 19 to 23, dow dropped 115 points thats not all that bad since it rose 500 pip yesterday..it means less people are pulling profits out the market just yet. if asia drops mildly eu could still run up from here..on the other hand eu hasnt retraced much since its last runup.. be careful..
those who can, do. those who cant, talk about those who can
  • #79,275
  • Mar 24, 2009 3:16pm Mar 24, 2009 3:16pm
Quoting lloydblankfe
Can someone tell me how much money in volume is traded on this pair. My estimates say 200 billion on day to day basis.
probably closer to a trillian... they say 3 trillian a day in all forex...
those who can, do. those who cant, talk about those who can
  • #79,276
  • Mar 24, 2009 3:19pm Mar 24, 2009 3:19pm
Anybody sees this as a fibonacci retreatment from the 1.3737 high in the 4h chart, with a first bounce at the 0.236 level (1.3440)?
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  • #79,277
  • Mar 24, 2009 3:30pm Mar 24, 2009 3:30pm
Quoting altrader
On my chart we hit the 50% Fib therefore we should head down to the 138.2% level...
Unsettled times (governments falling, etc) challenge everything. Nimble is Good.

Not sure yet that we got there for the reason you posted... but a Hit is a Hit. Well done...
FUBAR...
  • #79,278
  • Mar 24, 2009 3:37pm Mar 24, 2009 3:37pm
very interesting scenario here. im glad i slept during the us session as it was choppy indeed.

technical analysis. the previous strong support around the 1.3515 level is not support anymore. at best it should be resistance now. whats better yet...in the run up for the move made last week...1.3400/25 area is the last area of support before a freefall would occur...man how i would like that.

as for my entries....i will wait for a retest of 1.3515 area to short if strong resistance is shown or wait for a breakout and retest of the 1.3425 area to prove it has become resistance and then short or just try to join the run down now before the potential freefall starts happening(riskier uncalculated method).

clearly my bias is short....im even anticipating a potential move down during asia session....good pippin all

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Different opinions highly valued, ignorant to slander.
  • #79,279
  • Mar 24, 2009 3:41pm Mar 24, 2009 3:41pm
Quoting psiholog
very interesting scenario here. im glad i slept during the us session as it was choppy indeed.

technical analysis. the previous strong support around the 1.3515 level is not support anymore. at best it should be resistance now. whats better yet...in the run up for the move made last week...1.3400/25 area is the last area of support before a freefall would occur...man how i would like that.

as for my entries....i will wait for a retest of 1.3515 area to short if strong resistance is shown or wait for a breakout and retest of the 1.3425 area...
yes....
that would close the gap and would be great to go long then
  • #79,280
  • Mar 24, 2009 3:52pm Mar 24, 2009 3:52pm
Quoting gatorinla
probably closer to a trillian... they say 3 trillian a day in all forex...
And who is "they"?
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