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EURUSD

  • #116,481
  • Jun 30, 2009 9:42am Jun 30, 2009 9:42am
Quoting IMARICH1
Do we keep following EU down or is it looking to go LONG again?

Long above 1.3990 is risky....there are stops below that number and it we are so close now it is very probable that someone will push price down to run them. If long have a very tight s/l.
  • #116,482
  • Jun 30, 2009 9:44am Jun 30, 2009 9:44am
Quoting woodlybog
There is no safe haven, except a shot gun, my friend
simple.. if you want to invest in gold. dont ask the guy selling it for a good reason to invest in gold. you should also not listen to the media who get their income from the same sellers. now expand that to anyone selling anything.. they are all used car salemen.. if your in the u.s. look around.. are things getting better? comfirm what the used car salemen are saying. when in doubt stay out. im sure we got used car salesmen among us.
those who can, do. those who cant, talk about those who can
  • #116,483
  • Jun 30, 2009 9:53am Jun 30, 2009 9:53am
I was wondering, since you guys are the EUR/USD experts...do you think price will go down to 1.3950 maybe. That's where I have my lower trendline drawn and a S/R line is close to that price to. I think that would be a nice level to go long. What do you guys think?
On a journey to consistency.
  • #116,484
  • Jun 30, 2009 9:53am Jun 30, 2009 9:53am
EUR-USD has fallen nicely just as expected with 2 "shooting star" candles on the 4 H chart. Now for those who did not avail this great opportunity to sell, it may not be the best time to sell here after we have dropped 140+ pips.

What to do?

1. IF short use a trailing stop.
2. IF you want to go long WAIT for a bullish candle on 15/30 min chart.

Support for now is at yesterday's low 1.3983.

See Chart.
Attached Image
  • #116,485
  • Jun 30, 2009 9:54am Jun 30, 2009 9:54am
long @ 1405 tp 100p
  • #116,486
  • Jun 30, 2009 9:57am Jun 30, 2009 9:57am
Quoting candlesticks
EUR-USD has fallen nicely just as expected with 2 "shooting star" candles on the 4 H chart. Now for those who did not avail this great opportunity to sell, it may not be the best time to sell here after we have dropped 140+ pips.

What to do?

1. IF short use a trailing stop.
2. IF you want to go long WAIT for a bullish candle on 15/30 min chart.

Support for now is at yesterday's low 1.3983.

See Chart.

I assume that you didn't actually post the claim that you expected the price to fall by 140 pips.
  • #116,487
  • Jun 30, 2009 9:57am Jun 30, 2009 9:57am
Quoting F.x.
Because news doesn't effect Forex it affects stock markets. Forex moves based on what stocks do.

Look - you can have dollars or you can have stock. If numbers are good during NY session then stocks go up (nobody wants their dollars, they all want stock) so dollars go down in value (so Euro also goes up against the dollar.)

If numbers are good for EU during EU sessions, then EU stocks go up and Euro goes down against dollar.


If numbers are bad then flip it. And always think about which sessions you're in.


on CNN : Stock selloff accelerates - Dow tumbles more than 100 points - after a consumer confidence report shows persistent pessimism.

doesn't seem correct theory or I can't get what you mean correctly . as you see stocks going down which means they don't want stocks and dollars has more value than the stocks .

situation now is both stocks and dollars are losing value .
I SEE YOU !!
  • #116,488
  • Jun 30, 2009 10:05am Jun 30, 2009 10:05am
Quoting gatorinla
simple.. if you want to invest in gold. dont ask the guy selling it for a good reason to invest in gold. you should also not listen to the media who get their income from the same sellers. now expand that to anyone selling anything.. they are all used car salemen.. if your in the u.s. look around.. are things getting better? comfirm what the used car salemen are saying. when in doubt stay out. im sure we got used car salesmen among us.

what he is doin man? LOL
  • #116,489
  • Jun 30, 2009 10:06am Jun 30, 2009 10:06am
i kept my long as it is still slowly creeping up ! on the daily
  • #116,490
  • Jun 30, 2009 10:09am Jun 30, 2009 10:09am
Quoting gatorinla
im sure we got used car salesmen among us.

You are not wrong!
  • #116,491
  • Jun 30, 2009 10:11am Jun 30, 2009 10:11am
Quoting dbfusion
on CNN : Stock selloff accelerates - Dow tumbles more than 100 points - after a consumer confidence report shows persistent pessimism.

doesn't seem correct theory or I can't get what you mean correctly . as you see stocks going down which means they don't want stocks and dollars has more value than the stocks .

situation now is both stocks and dollars are losing value .
there is relations in the forex and stocks. i learn of this from this readings

http://veritefx.com/veritefx_blog/20...outlook-6.html

http://veritefx.com/veritefx_blog/20...update-37.html

this is great trader he explain relations of the markets very good.
  • #116,492
  • Jun 30, 2009 10:18am Jun 30, 2009 10:18am
I expect the EU to bounce. I'm just waiting for confirmation from the Yen.
  • #116,493
  • Jun 30, 2009 10:21am Jun 30, 2009 10:21am
I was almost to post that a big move was waiting today, but I didn't, sorry about that.
I didn't because I was not so sure about if it was to see a drop or first a big up move.

I did my bet, 10% my account to see a drop and a picture worth 100000 words.

After this move now I see first more drops coming before new highs.
Attached Image
  • #116,494
  • Jun 30, 2009 10:22am Jun 30, 2009 10:22am
Notch, let me know when you go LONG....CHF is having a hard time falling thru SUport at 1.0862...keeps getting rejected....if it goes thru EU may bounce up hard....IMO
  • #116,495
  • Jun 30, 2009 10:23am Jun 30, 2009 10:23am
Quoting Alihuzaifa
yaar please dont always demotivate people...according to you all time is bad for trading.how many trades do u make in a month?

i never saw ur post suggesting this is a good time to trade.

Ali, that's his job. I think they're called 'spoilers' in the casino industry.
  • #116,496
  • Jun 30, 2009 10:24am Jun 30, 2009 10:24am
Quoting notch
I expect the EU to bounce. I'm just waiting for confirmation from the Yen.
Not so expecting seeing higher tf charts but a long have been in situ for 1.4047, risky but should work sl 1.3995.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #116,497
  • Jun 30, 2009 10:24am Jun 30, 2009 10:24am
Quoting F.x.
Because news doesn't effect Forex it affects stock markets. Forex moves based on what stocks do.

Look - you can have dollars or you can have stock. If numbers are good during NY session then stocks go up (nobody wants their dollars, they all want stock) so dollars go down in value (so Euro also goes up against the dollar.)
I dont agree that news doesnt affect Forex

And about the stocks, if you are in US and you buy US stocks than dollars are not changed for foreign currency, if foreigners buy US stocks than dollar should go up because foreigners need dollars to buy US stocks.

What do you think?
  • #116,498
  • Jun 30, 2009 10:25am Jun 30, 2009 10:25am
Quoting IMARICH1
Notch, let me know when you go LONG....CHF is having a hard time falling thru SUport at 1.0862...keeps getting rejected....if it goes thru EU may bounce up hard....IMO

I gave my long recommendation at 4005. But that has now gone.
  • #116,499
  • Jun 30, 2009 10:26am Jun 30, 2009 10:26am
Chf was supported again at 1.0860.....its holding EU from RUn up....
  • #116,500
  • Jun 30, 2009 10:27am Jun 30, 2009 10:27am
Quoting fontu
Not so expecting seeing higher tf charts but a long have been in situ for 1.4047, risky but should work sl 1.3995.
fontu

I really think the Yen is going to tank and I expect that this will cause a bounce (not sure if it will be sustainable) to take place. But Yen is dying slowly.
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