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EURUSD

1.3327 and then go up.
Rich is just a definition !
If it gets through the 1.34 cleanly, yeah I think it's headed for the 1.3320 too.

By the way, does anybody know any particular reason for the 150 pip drop we had? I wasn't paying much attention this morning.
i think it has made a very descent move, so consolidation should start and price should find it's equilibrium.

Wanna trade some consolidation? and loose money?
Looks like price action is contained between S2 and M0, I doubt we'll see any play past S3. I think we are going to be limited to an S2-M0 (maybe S3) range for the rest of the day unless something crazy happens.
Entered some long I believe were still inside the channel.
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If we get a worse than expected Personal Income/Spending report in a little over 1 hour, we could see another 50 pips sell off...
Quoting hazenvnn
1.3327 and then go up.
what sort of a number is that??
--post hoc ergo propter hoc--
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
first level reached 1.3380... next stop 1.3300 I believe. and there is not substantial support until 1.3100...
it is friday also. be careful !
Quoting Pyramus
Entered some long I believe were still inside the channel.
I like that analysis, but according to it, it should still go to mid-low 33's before rebounding, if I got it right.
I am okay with my 41pips today. I am off till Monday. guy be careful please anything can happen at this point.
Have a great weekend!
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
Quoting Pyramus
Entered some long I believe were still inside the channel.
yes. it is ok... but usually.... it is better to enter in the direction of the channel... in this case down... when hits the upper trendline... not up when hits the down trendline.

but also here there is a possibility that it is still a bigger bull flag. so it could work. good luck ! I'm still not entering long yet.
Quoting emda
yes. it is ok... but usually.... it is better to enter in the direction of the channel... in this case down... when hits the upper trendline... not up when hits the down trendline.

but also here there is a possibility that it is still a bigger bull flag. so it could work. good luck ! I'm still not entering long yet.
I agree. I am short since 1.34 following the trend, but if I see signs of a strong rebound in the mid-low 33's it might be a good opportunity for scalping.
EUR/USD moving down in bearish channel!!




Good Trading!!

http://sites.google.com/site/wiancor...hart---eur-usd
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Closed my short @ 50 fibo lvl, imo if it breaks that level, its gonna go south at least till 3300.
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Quoting emda
first level reached 1.3380... next stop 1.3300 I believe. and there is not substantial support until 1.3100...
it is friday also. be careful !
I think EUR/USD has made its major move for today. S3 will most likely test the breadth of the drop but not likely. If we do see a drop past S3, and maybe 1.33, then next minor support is 1.3132. I'm done trading for the week. God knows what insider madness could materialize before we close thanks to the upcoming G20 meeting.
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
Quoting rainingpips
I think EUR/USD has made its major move for today. S3 will most likely test the breadth of the drop but not likely. If we do see a drop past S3, and maybe 1.33, then next minor support is 1.3132. I'm done trading for the week. God knows what insider madness could materialize before we close thanks to the upcoming G20 meeting.
my experience with S3 levels recently is that it can be a good support.. but if broken... it can be a panic sell. and today it is friday with a huge movement/gap to fill.... I would be very careful scalping longs. or would be short...
Quoting Monk
what sort of a number is that??
I think what was meant for the rebound at 1.3326 is this....
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Quoting eychenz
entered short at 3586
SL : 3735
TP : 3420

any idea ?
i got my tp +160 pip , enough for today
see you in next week
What a beautiful NR7/ID setup for euro after 5 days staying in the top range.
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there is no consolidation or what
I SEE YOU !!
22 traders viewing now, 1 is a member:
Rowman