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EURUSD

  • #86,501
  • Apr 16, 2009 10:09pm Apr 16, 2009 10:09pm
Quoting Chicky
Very well said
Well u can hope it on 11.30 pm tonight (GMT+7) ...but i (don't) think it will go down this week
  • #86,502
  • Apr 16, 2009 10:11pm Apr 16, 2009 10:11pm
Quoting kiefer
believe it or not

1.35 before may and then all the way down to 1.25, i don't know when we will reach 1.25 yet.
care to share any technical or fundamental view for this? how would it be up to 1.35?
  • #86,503
  • Apr 16, 2009 10:11pm Apr 16, 2009 10:11pm
Just a theory. Looks like a reverse head and shoulder on M15....Maybe <---take this as a grain of salt please. I don't want to be ff.com hater. LOL
  • #86,504
  • Apr 16, 2009 10:12pm Apr 16, 2009 10:12pm
Quoting kiefer
believe it or not... 1.35 before may .
more importantly is why you believe it, which you don't say. care to make your case?
FUBAR...
  • #86,505
  • Apr 16, 2009 10:15pm Apr 16, 2009 10:15pm
Quoting noyoumaynot0
Just a theory. Looks like a reverse head and shoulder on M15
you got way better eyeballs than me then...
Attached Image
FUBAR...
  • #86,506
  • Apr 16, 2009 10:17pm Apr 16, 2009 10:17pm
Quoting dannies
care to share any technical or fundamental view for this? how would it be up to 1.35?
no chart yet, sorry for that.

broadly we are still in 1.30 -1.38 range, the market still hopes this is the bottom of the whole recession (governments also hopes their ppl believe that), plus the stock markets are trying to reach some higher level. So for me, drive to 1.35 is very possible and then the truth arrives and also May 2 bank stress test, you know what will happen if banks face more failure...
  • #86,507
  • Apr 16, 2009 10:18pm Apr 16, 2009 10:18pm
Quoting essenza
Well u can hope it on 11.30 pm tonight (GMT+7) ...but i (don't) think it will go down this week
I am hoping it may not spike up before I finish shopping from the lower floor i.e. below 1.3100. Still have to buy 7/10th of my planned positions.
The Thief of Wall Street
  • #86,508
  • Apr 16, 2009 10:21pm Apr 16, 2009 10:21pm
Quoting Chicky
Gator, I always lose on Fridays. If this tradition continues, it will go down - as I am adding longs on every dip.
How your trades doing?
all red... glad im barely in 1/10.. i closed nu au... im short in them now.they are still buillish but are showing crack.. it may take 400 pips or more before my indicaters say bearish so i took a chance... but with tiny positions... gu still indicates bullish.. im just gonna hold the rest until they break their trendline..
those who can, do. those who cant, talk about those who can
  • #86,509
  • Apr 16, 2009 10:26pm Apr 16, 2009 10:26pm
Quoting gatorinla
all red... glad im barely in 1/10.. i closed nu au... im short in them now.they are still buillish but are showing crack.. it may take 400 pips or more before my indicaters say bearish so i took a chance... but with tiny positions... gu still indicates bullish.. im just gonna hold the rest until they break their trendline..
but if either eu or gu starts a big move im putting my money on that horse and direction
those who can, do. those who cant, talk about those who can
  • #86,510
  • Apr 16, 2009 10:29pm Apr 16, 2009 10:29pm
Quoting kiefer
believe it or not

1.35 before may and then all the way down to 1.25, i don't know when we will reach 1.25 yet.
Short of devine intervention this pair is going down a long way over the next weeks.
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  • #86,511
  • Apr 16, 2009 10:29pm Apr 16, 2009 10:29pm
Hope you guys are closing out your shorts....they give you a get out of jail free card.....since you guys like shorting...you need to start getting over the jpy pairs...aud/jpy etc...they are showing cracks....for a good move down...
  • #86,512
  • Apr 16, 2009 10:33pm Apr 16, 2009 10:33pm
Quoting kiefer
and also May 2 bank stress test, you know what will happen if banks face more failure...
My knee jerk reaction is i'm fairly certain the Big Dog Money will have at least as good an idea as the gummint of Who is sitting How before the prognosis is released to the unwashed masses like us. In other words, i think it's reasonable to think a fair portion of that effect will be priced in well before hand, as with most other "news".

You make a good point with that tho, and it warrants more thought...
FUBAR...
  • #86,513
  • Apr 16, 2009 10:40pm Apr 16, 2009 10:40pm
Quoting dysan4x
Short of devine intervention this pair is going down a long way over the next weeks.
i saw this.. whats screwing me is the damn gu... its just the opposite... so i shorted the eg... eu is the odd pair when looking most usd crosses.. im thinking this battle isnt settled yet..what pair is the leader? i dont know!!! *pulling out hair*
those who can, do. those who cant, talk about those who can
  • #86,514
  • Apr 16, 2009 10:41pm Apr 16, 2009 10:41pm
Quoting dysan4x
Short of devine intervention this pair is going down a long way over the next weeks.
in terms of intervention, China is not very satisfied with their portion of Eur holding from their reserve diversification programs. I'm a little bit sure that there won't be more rate cuts from ECB.
  • #86,515
  • Apr 16, 2009 10:46pm Apr 16, 2009 10:46pm
Quoting gatorinla
but if either eu or gu starts a big move im putting my money on that horse and direction
Wish you all the best. Just don't forget its a friday. I am still adding longs on Eur, because winners will sooner or later liquidate their postions to pay bartenders and stakehouses on friday night. TGIF.
The Thief of Wall Street
  • #86,516
  • Apr 16, 2009 10:50pm Apr 16, 2009 10:50pm
Quoting kiefer
no chart yet, sorry for that.

broadly we are still in 1.30 -1.38 range, the market still hopes this is the bottom of the whole recession (governments also hopes their ppl believe that), plus the stock markets are trying to reach some higher level. So for me, drive to 1.35 is very possible and then the truth arrives and also May 2 bank stress test, you know what will happen if banks face more failure...
In other words a wild guess.
  • #86,517
  • Apr 16, 2009 10:51pm Apr 16, 2009 10:51pm
As time progresses the ceiling for the high becomes more limited. Not saying there isn't that 80% chance (as I was told is always the possibility) 3500 or even 6000 could be revisited, but I don't see it. Banks are going to post poor numbers, but not like we have seen in the recent past.

IMO it would take a total collapse of the US monetary system to start pushing to higher highs (6000+) or complete recovery of the world economy. Both of these scenarios won't happen before May or even May of 2010. We all know that price is not going to make a straight line to lower numbers and retracements will happen.

I'm not an economist and this is only my opinion.
  • #86,518
  • Apr 16, 2009 10:52pm Apr 16, 2009 10:52pm
Ak, I've read your post and comments about the pair not dropping.

The longer term frames (D1, W1) show me a further drop.

But I theorize that Fridaycitis, the medical condition known to many traders to cash out of their positions on Fridays, would explain the little upswings I see on shorter frames.

I'd be curious to hear what you have to say about D1 and W1 charts. If you'd care to have a look, your input would be appreciated and helpful.

I'm buying this round of Guinnii...Ever tried it with a shot of Kahlua in it? It's not as gross as it sounds unless you're a purist like me
Not all sins are created equal
  • #86,519
  • Apr 16, 2009 10:53pm Apr 16, 2009 10:53pm
Euro is going down like a fi dolla ho!
"i wake up in the morning, and i piss excellence"
  • #86,520
  • Apr 16, 2009 10:56pm Apr 16, 2009 10:56pm
Most everyone here is saying that since we keep hitting this 1.31ish support, a huge break south of that support is soon due.

I tend to agree with that statement, however...

One could also argue that the more times you hit a certain level of support without breaking it, the chances of bouncing off it (in this case north) greatly increase with each failed break. That would make the case that we could shoot up from here like a rocket w/ a future failed attempt.

Just another point of view.
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