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EURUSD

  • #102,081
  • May 28, 2009 7:58am May 28, 2009 7:58am
Quoting notch
Okay. Time for the next leg down!
Notch have you called the bears???
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  • #102,082
  • May 28, 2009 8:01am May 28, 2009 8:01am
I went long at 3892. It was a risky trade but we had just broken above a TL on my chart and it also looked like we might break through 1.39 and it would then become support.

As of right now it's still a possibility but I wouldn't open a position right now if not already in one, so I'm just letting my trade play out.
  • #102,083
  • May 28, 2009 8:03am May 28, 2009 8:03am
Quoting forexer83
Notch have you called the bears???

Yep.
  • #102,084
  • May 28, 2009 8:03am May 28, 2009 8:03am
Quoting Martingale
but.. expectations were 628K! and we are coming from a 636K.. isn't it?
I mean.. if data is better than expectations then.. currency should benefit... or am I wrong??
you saw the news yesterday ,, they were good for us but there is alot of technical in this pair now woulld you really comit to long positions after a 1000 pips rally with no significant correction ???
  • #102,085
  • May 28, 2009 8:04am May 28, 2009 8:04am
From 1.3850 level should be carefull shorters .Good possibilities to go much down due to double top & ab=cd can convert gartley , bat or even butterfly
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #102,086
  • May 28, 2009 8:06am May 28, 2009 8:06am
Quoting hilmy83
limit long at 3855 area tp 3880 area. My take is that although the large picture looks bearish, on the 5 minute (which i look for trend) look very bullish
Your hypothesis falls at 1.385 my friend :-)
  • #102,087
  • May 28, 2009 8:06am May 28, 2009 8:06am
Quoting Martingale
Thanks Fando! I also noted very unusual patterns since the crisis came up. also for the little timeframes! quick question to you: do you think would be possible that big corporations took agreeements to increase liquidity? I noted lot of patterns in which intetional stop-catcher were drawns! thank you!
i dont think so. there will be whips but i never saw something like so called stop catching. actually most retail brokers, as i see, smooths price action quite well.
  • #102,088
  • May 28, 2009 8:07am May 28, 2009 8:07am
Quoting hilmy83
limit long at 3855 area tp 3880 area. My take is that although the large picture looks bearish, on the 5 minute (which i look for trend) look very bullish
H4 is also bullish
  • #102,089
  • May 28, 2009 8:07am May 28, 2009 8:07am
Quoting GastonCorzo
you saw the news yesterday ,, they were good for us but there is alot of technical in this pair now woulld you really comit to long positions after a 1000 pips rally with no significant correction ???

I wouldn't consider the number of pips in the rally as a sign of when a correction would occur. Theoretically you could have several thousands of pips with little to no correction relative to the rally. In other words, size of rally doesn't really tell us anything, imho.
  • #102,090
  • May 28, 2009 8:09am May 28, 2009 8:09am
US futures are up... My long might end up working out ok...
  • #102,091
  • May 28, 2009 8:10am May 28, 2009 8:10am
Quoting GastonCorzo
you saw the news yesterday ,, they were good for us but there is alot of technical in this pair now woulld you really comit to long positions after a 1000 pips rally with no significant correction ???
Dear Gaston.. as my name suggest I m really against being long after a rally :-) I am short right now.. and specially below 1.385 :-) thanks for your reply though!!
  • #102,092
  • May 28, 2009 8:17am May 28, 2009 8:17am
I have floating post buy at 1.3968 hopefully the price will go up to 1.4050 and the after this i will enter post sell at 1.4050....whta your oppinoin friends
  • #102,093
  • May 28, 2009 8:19am May 28, 2009 8:19am
1.39 broken...
  • #102,094
  • May 28, 2009 8:19am May 28, 2009 8:19am
Quoting Martingale
Your hypothesis falls at 1.385 my friend :-)
i hate when that happens!
  • #102,095
  • May 28, 2009 8:20am May 28, 2009 8:20am
mama!
  • #102,096
  • May 28, 2009 8:20am May 28, 2009 8:20am
Quoting 4pips
I have floating post buy at 1.3968 hopefully the price will go up to 1.4050 and the after this i will enter post sell at 1.4050....whta your oppinoin friends
Hang on it'll go further north than that IMHO.
  • #102,097
  • May 28, 2009 8:21am May 28, 2009 8:21am
Quoting F.x.
1.39 broken...
You gotta be happy with that.
  • #102,098
  • May 28, 2009 8:21am May 28, 2009 8:21am
Quoting hilmy83
i hate when that happens!
definitely for me too! anyway.. what is going on right now in the EURUSD is the sum of all my question marks.
  • #102,099
  • May 28, 2009 8:22am May 28, 2009 8:22am
ok. looks like a new order seems in order.:-)

3890 tp 3955? that's pretty ambitious..I have to wait and see
  • #102,100
  • May 28, 2009 8:23am May 28, 2009 8:23am
Grabbed my 20 pips.

Now we wait for it to drop back to support and go long again...
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