Attachments: EURUSD

EURUSD

#112,521
Jun 19, 2009 6:23am Jun 19, 2009 6:23am

TheFisherman
| Joined May 2009 | Status: Fight until we die | 1,114 Posts

Quoting Atlast

Disliked

Oh, don't worry we're aware of the big picture. The H&S everyone, including the pet dog is waiting for that to play out.

Ignored

Does he wave his tail? If it it doesn't than we're safe for now.

#112,522
Jun 19, 2009 6:24am Jun 19, 2009 6:24am

notch
| Membership Revoked | Joined Apr 2009 | 2,726 Posts

Quoting msniper

Disliked

i think all of you guys are just scalping and not looking at the big picture

Ignored

That's why we scalp.

#112,523
Jun 19, 2009 6:25am Jun 19, 2009 6:25am

hoek_nl
| Joined Mar 2009 | Status: Trader | 133 Posts

Quoting Atlast

Disliked

Wonder what VSA would make of this. Still breakout.

Ignored

I like VSA, need a bit more time getting it down.
But seriously wonder if volume in the e/u future has any significance, as the fut is following forex to a t.

Where's the volume on your $eurusd from anyways?

#112,524
Jun 19, 2009 6:28am Jun 19, 2009 6:28am

notch
| Membership Revoked | Joined Apr 2009 | 2,726 Posts

Quoting Atlast

Disliked

Oh, don't worry we're aware of the big picture. The H&S everyone, including the pet dog is waiting for that to play out.

Ignored

If nothing else we have a 61.8 retracement of last night's sell off.

#112,525
Jun 19, 2009 6:30am Jun 19, 2009 6:30am

PipGal
| Joined Sep 2008 | Status: Trader | 377 Posts

Quoting Atlast

Disliked

Oh, don't worry we're aware of the big picture. The H&S everyone, including the pet dog is waiting for that to play out.

Ignored

Dont forget tweety and the goldfish too

#112,526
Jun 19, 2009 6:33am Jun 19, 2009 6:33am

RichLadyFX
| Joined May 2009 | Status: Losing less Money Now | 840 Posts

Quoting msniper

Disliked

i think all of you guys are just scalping and not looking at the big picture

my analysis tells me EU is going down soo hard soon if not today then next week

the H&S is very clear on daily and 4hours chart

they just want to drag more people to go long then surprise them

if we close this week above 1.4000 to 1.4050 i might consider changing to the bullish side

Ignored

Who are 'they' ?

Great Bodies are Engineered not Born

#112,527
Jun 19, 2009 6:35am Jun 19, 2009 6:35am

Atlast
Joined Apr 2009 | Status: Trader | 4,214 Posts

I have to leve my terminal for 15 minutes. If it touches 1.3928 it is a retst of the breoken trendline, could go long there if it shows signs of bouncing, or wait.

#112,528
Jun 19, 2009 6:37am Jun 19, 2009 6:37am

notch
| Membership Revoked | Joined Apr 2009 | 2,726 Posts

Quoting Atlast

Disliked

I have to leve my terminal for 15 minutes. If it touches 1.3928 it is a retst of the breoken trendline, could go long there if it shows signs of bouncing, or wait.

Ignored

It just did and has been breached.

#112,529
Jun 19, 2009 6:39am Jun 19, 2009 6:39am

Alihuzaifa
| Membership Revoked | Joined Oct 2008 | 2,791 Posts

Quoting RichLadyFX

Disliked

Who are 'they' ?

Ignored

Me and notch

#112,530
Jun 19, 2009 6:52am Jun 19, 2009 6:52am

RichLadyFX
| Joined May 2009 | Status: Losing less Money Now | 840 Posts

Quoting Alihuzaifa

Disliked

Me and notch

Ignored

Syukran Jazilan, Thank You.

Great Bodies are Engineered not Born

#112,531
Jun 19, 2009 7:01am Jun 19, 2009 7:01am

Alihuzaifa
| Membership Revoked | Joined Oct 2008 | 2,791 Posts

The euro vs dollar continued its sideways consolidation yesterday, ending the day with a narrow spread down bar with small wicks to both top and bottom, starting the day above the 9 day moving average and closing below it. Once again prices flirted with the neckline of the head and shoulders of the last three weeks indicating once again that we are now at a critical juncture for this pair as we await a catalyst to fire the markets into life once again. The 9 and 14 day moving averages are currently weighing down on the currency pair and provided the neckline holds then we should see a fall in due course, particularly as the consensus view among currency traders and speculators is that the Euro is currently overbought. Should we see this fall then the first level of support is seen in the 1.36 region and if this is coupled with a break below the 40 day moving average then this could add some momentum to the move. Given that we have no fundamental news on the economic calendar to speak of either in the US or Europe today, and coupled with the fact that we have "triple witching" in the option markets, my trading suggestion is to stay out as traders will be squaring positions ahead of the weekend anyway. Today's price action will almost certainly be constrained in a narrow trading range and indeed this pattern has already been set in train in this morning's London session.

source---fxstreet

#112,532
Jun 19, 2009 7:03am Jun 19, 2009 7:03am