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EURUSD

  • #96,441
  • May 14, 2009 11:04pm May 14, 2009 11:04pm
Quoting Duce
Caddy Shack is on tv right now (Toronto). Bill Murray is cleaning the pool after the turd / Oh Henry bar incident.
they dont float they sink
those who can, do. those who cant, talk about those who can
  • #96,442
  • May 14, 2009 11:05pm May 14, 2009 11:05pm
How's it goin', eh?

So what does everyone think about this pair? I'm stuck in a short at 1.3613. SL is up around 1.3681. I'm a newbie, and lately I've been guessing wrong.
Si vis pacem, para bellum.
  • #96,443
  • Edited 11:11pm May 14, 2009 11:09pm | Edited 11:11pm
Quoting Chicky
Thanks. I now see a double top and single bottom.

ps. Its live. 24sma inclining up, stochastic down, so I bought on 15M chart. And got stuck.
Finally got that for a few pip profit. Plus few more on a gbp/jpy short.
The Thief of Wall Street
  • #96,444
  • May 14, 2009 11:11pm May 14, 2009 11:11pm
Quoting Duce
How's it goin', eh?

So what does everyone think about this pair? I'm stuck in a short at 1.3613. SL is up around 1.3681. I'm a newbie, and lately I've been guessing wrong.
u got in at wrong time.. it may work out well for you.. if you comfortable with your sl.. maybe we can break support.. lots of news today... in 2 hours may have a decent move
those who can, do. those who cant, talk about those who can
  • #96,445
  • May 14, 2009 11:16pm May 14, 2009 11:16pm
my problem is I'm bull usd because of my business. I always want the CAD to drop (conversely the USD to go up). So instinctively, I prefer shorting the Euro. I have to change my mind frame.

Do you think I'll get my SL hit? If not, should i get out a BE, if I should be so lucky?
Si vis pacem, para bellum.
  • #96,446
  • May 14, 2009 11:21pm May 14, 2009 11:21pm
Quoting Duce
my problem is I'm bull usd because of my business. I always want the CAD to drop (conversely the USD to go up). So instinctively, I prefer shorting the Euro. I have to change my mind frame.

Do you think I'll get my SL hit? If not, should i get out a BE, if I should be so lucky?

My "humble" opinion is that if you don't change your bias to 0 (neutral) and go with the flow, you'll get busted, but I have 0 vouches and just kidding ar'd
Traders are smartasses
  • #96,447
  • May 14, 2009 11:23pm May 14, 2009 11:23pm
Yes, the trend is your friend. I'm learning the hard way. But I will learn.
Si vis pacem, para bellum.
  • #96,448
  • May 14, 2009 11:29pm May 14, 2009 11:29pm
Quoting Duce
my problem is I'm bull usd because of my business. I always want the CAD to drop (conversely the USD to go up). So instinctively, I prefer shorting the Euro. I have to change my mind frame.

Do you think I'll get my SL hit? If not, should i get out a BE, if I should be so lucky?
i told you that earlier because head and shoulder formation building right shoulder.. the trend lately excluding last few days is up...not a lot of direction last few.. lots of anticipation equitys will fall...if your comfortable with your sl then maybe let it ride. its a coin toss...if hs plays out you will be rewarded..
those who can, do. those who cant, talk about those who can
  • #96,449
  • May 14, 2009 11:34pm May 14, 2009 11:34pm
Quoting Duce
How's it goin', eh?

So what does everyone think about this pair? I'm stuck in a short at 1.3613. SL is up around 1.3681. I'm a newbie, and lately I've been guessing wrong.
This pair is trading between 1.3700 & 1.3525. The low yesterday was 1.3525. Before that it was trading at a low in the area of 1.3550. Some news coming up...so this could move. So any solid break above or below these highs & lows will give it direction. My opinion i think this goes down. Price is stalling at 1.3700. Need solid break above this high for me to go long.
  • #96,450
  • May 14, 2009 11:35pm May 14, 2009 11:35pm
I see the HS on the 1H, but nothing convincing on the daily.
Si vis pacem, para bellum.
  • #96,451
  • May 14, 2009 11:39pm May 14, 2009 11:39pm
Quoting gatorinla
....its a coin toss...if hs plays out you will be rewarded..
Gator, I am in for hs. Got rid of those eg and gy headaches with a nominal reward.

Planning to take some serious positons after it breaks 1.3600. Let's see.
The Thief of Wall Street
  • #96,452
  • May 14, 2009 11:44pm May 14, 2009 11:44pm
Where on the planet are you guys located?
Si vis pacem, para bellum.
  • #96,453
  • May 14, 2009 11:47pm May 14, 2009 11:47pm
Quoting Duce
my problem is I'm bull usd because of my business. I always want the CAD to drop (conversely the USD to go up). So instinctively, I prefer shorting the Euro. I have to change my mind frame.

Do you think I'll get my SL hit? If not, should i get out a BE, if I should be so lucky?

ECB remains hawkish on rates, supporting euro:

Besides the good inflation data, the EUR/USD was also pushed higher by more hawkish rhetoric out of the ECB today. It was basically a non-stop cavalcade of hawkish comments on interest rates. Besides the equities rally boosting the euro, the dollar really didn't stand a chance against the euro today with comments like this:

ECB Orphanides: "Current ECB rates appropriate"
ECB Stark: "Interest rate is adequate"
ECB Sramko: "No decision on lower bound to interest rates"
ECB Nowotny: "Not discussing changing rates"

In addition to hawkish rhetoric on interest rates, at least a half dozen ECB's downplayed any possible deflation and disinflation. I'm really not sure why the ECB is trying to talk up the euro so much, the only thing I can image is that maybe they want the euro higher to better manage the deleveraging process and debt re-payment process, but a strong euro certainly won't help the German recession rebound and their plunging exports to recover.

Regardless, as long as the ECB keeps talking hawkish on inflation, interest rates, and a rebound in growth, it's a pretty risky move to bet against the euro and this is one of the main reasons I've not removed my bias to buy the euro against the dollar on the dips and to stay out of dollar-long positions. I don't see the point in fighting for the wrong side until the tide changes... even though the ECB might be a little delusional right now, they control market sentiment and money-flows by their own rhetoric.
  • #96,454
  • May 14, 2009 11:52pm May 14, 2009 11:52pm
Quoting MuddBugg
ECB remains hawkish on rates, supporting euro:

Besides the good inflation data, the EUR/USD was also pushed higher by more hawkish rhetoric out of the ECB today. It was basically a non-stop cavalcade of hawkish comments on interest rates. Besides the equities rally boosting the euro, the dollar really didn't stand a chance against the euro today with comments like this:

ECB Orphanides: "Current ECB rates appropriate"
ECB Stark: "Interest rate is adequate"
ECB Sramko:[i] [b]"No decision on lower bound to...
Not so to the north, not so to the south, agreed on that. Now print print print! and spend spend spend! on which side we want to be?

Rhetoric is a two sided coin, what goes around, comes around. To the worst of most of us unfortunately, that can do nothing but ride the wave (a big BUT though )

Off.
Traders are smartasses
  • #96,455
  • May 14, 2009 11:53pm May 14, 2009 11:53pm
Food for thought: It broke long-term trend line on Dec 15, but could not break horizontal resistance on Dec 18 (Dec 15-18 maynot be high volume period - I am not sure).

This time it has broken long-term resistance line, and fighting with horizontal resistance.

Where the odds are?

I am no expert, still learning.
The Thief of Wall Street
  • #96,456
  • May 14, 2009 11:56pm May 14, 2009 11:56pm
Quoting Duce
Where on the planet are you guys located?
Who said I was on this planet?
Not all sins are created equal
  • #96,457
  • May 15, 2009 12:13am May 15, 2009 12:13am
good morning freinds.. this is my Pink Truck of today.. hope it help.
Attached Image (click to enlarge)
Click to Enlarge Name: 15-05-2009a.png Size: 46 KB
Never sell @ lower upward channel unless breacked and vise versa .
  • #96,458
  • May 15, 2009 12:16am May 15, 2009 12:16am
easy as pie. chart says all
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  • #96,459
  • May 15, 2009 12:19am May 15, 2009 12:19am
Quoting MuddBugg
easy as pie. chart says all

hi MuddBugg .. a littele explain my freind ?? can you ?
Never sell @ lower upward channel unless breacked and vise versa .
  • #96,460
  • May 15, 2009 12:21am May 15, 2009 12:21am
entering short.......
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