Attachments: EURUSD

EURUSD

#80,601
Mar 27, 2009 6:01am Mar 27, 2009 6:01am

hazenvnn
| Joined May 2008 | Status: Loss Rocketeer | 81 Posts

1.3327 and then go up.

Rich is just a definition !

#80,602
Mar 27, 2009 6:06am Mar 27, 2009 6:06am

Tenshi28
| Joined Mar 2009 | Status: Trader | 234 Posts

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.

#80,603
Mar 27, 2009 6:22am Mar 27, 2009 6:22am

arsa
| Joined May 2008 | Status: Goodfella | 246 Posts

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?

#80,604
Mar 27, 2009 6:23am Mar 27, 2009 6:23am

rainingpips
| Joined Jan 2008 | Status: Metered Temerity | 315 Posts

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.

#80,605
Mar 27, 2009 6:24am Mar 27, 2009 6:24am

Pyramus
| Joined Apr 2008 | Status: Trader | 512 Posts

Entered some long I believe were still inside the channel.

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#80,606
Mar 27, 2009 6:27am Mar 27, 2009 6:27am

flotodona
| Joined Mar 2009 | Status: Trader | 19 Posts

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...

#80,607
Mar 27, 2009 6:27am Mar 27, 2009 6:27am

Monk
| Joined Mar 2007 | Status: Trader | 903 Posts

Quoting hazenvnn

Disliked

1.3327 and then go up.

Ignored

what sort of a number is that??

--post hoc ergo propter hoc--

#80,608
Mar 27, 2009 6:30am Mar 27, 2009 6:30am

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 !

#80,609
Mar 27, 2009 6:33am Mar 27, 2009 6:33am

Tenshi28
| Joined Mar 2009 | Status: Trader | 234 Posts

Quoting Pyramus

Disliked

Entered some long I believe were still inside the channel.

Ignored

I like that analysis, but according to it, it should still go to mid-low 33's before rebounding, if I got it right.

#80,610
Mar 27, 2009 6:34am Mar 27, 2009 6:34am

adetolub
| Joined Nov 2008 | Status: Trader | 20 Posts

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!

#80,611
Mar 27, 2009 6:36am Mar 27, 2009 6:36am

emda
Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts

Quoting Pyramus

Disliked

Entered some long I believe were still inside the channel.

Ignored

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.

#80,612
Mar 27, 2009 6:38am Mar 27, 2009 6:38am

Tenshi28
| Joined Mar 2009 | Status: Trader | 234 Posts

Quoting emda

Disliked

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.

Ignored

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.

#80,613
Mar 27, 2009 6:39am Mar 27, 2009 6:39am

wian corp
| Joined Feb 2009 | Status: Trader | 78 Posts

EUR/USD moving down in bearish channel!!

Good Trading!!

http://sites.google.com/site/wiancor...hart---eur-usd

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#80,614
Mar 27, 2009 6:39am Mar 27, 2009 6:39am

tarasbaida
| Joined Jan 2009 | Status: Trader | 43 Posts

Closed my short @ 50 fibo lvl, imo if it breaks that level, its gonna go south at least till 3300.

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#80,615
Mar 27, 2009 6:40am Mar 27, 2009 6:40am

rainingpips
| Joined Jan 2008 | Status: Metered Temerity | 315 Posts

Quoting emda

Disliked

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 !

Ignored

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.

#80,616
Mar 27, 2009 6:43am Mar 27, 2009 6:43am

emda
Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts

Quoting rainingpips

Disliked

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.

Ignored

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...