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EURUSD

  • #120,781
  • Jul 12, 2009 9:06am Jul 12, 2009 9:06am
[IMG]file:///C:/Users/User/AppData/Local/Temp/moz-screenshot.jpg[/IMG]for referance.....
Attached Image (click to enlarge)
Click to Enlarge Name: wss no conection 1.gif Size: 53 KB
" Trade for Life "
  • #120,782
  • Jul 12, 2009 9:12am Jul 12, 2009 9:12am
Quoting Kamikaze456
Lol I suppose that wa sthe answer I was always going to get
Yep - Sorry couldn't resist.

But if you want a longer term view my bias is bullish - the trend is up.

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Click to Enlarge Name: EURUSD.jpg Size: 100 KB
  • #120,783
  • Jul 12, 2009 9:14am Jul 12, 2009 9:14am
Open the chart to see what happened & may in time.pa setup still buliish, just need confirmation that last leg D down complete/again in higher tf this d leg needed not down this much & so UP can happen any time if market wants to.
Last friday price halt to the most cretical level to keep all in suspense ,up or down? at the middle of the daily channel and above midpoint of H4 channel.should happen both,UP to continue UP at point A at least to have a double top or UP again ; or down to complete the D point more deeply as low as 1.3728/00 and more but I do not think it will happen before any big double top ( failed 5th wave at 1.4337 ) to 1.35 or less.
so we should be ready action this week through 1.3728 to 1.4337 /to & fro.
Hope good pipping this week too.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #120,784
  • Jul 12, 2009 9:29am Jul 12, 2009 9:29am
Quoting stewrigh
Yep - Sorry couldn't resist.

But if you want a longer term view my bias is bullish - the trend is up.
Yeah....

I think I am going to hold my position I feel it might drop a couple of points in the early hours of trading but I reckon it will pick up after....
  • #120,785
  • Jul 12, 2009 9:43am Jul 12, 2009 9:43am
Quoting Kamikaze456
Yeah....

I think I am going to hold my position I feel it might drop a couple of points in the early hours of trading but I reckon it will pick up after....
me too.....
" Trade for Life "
  • #120,786
  • Jul 12, 2009 9:50am Jul 12, 2009 9:50am
Quoting TradeForexFx
Your this post and previous post by Liger, like many other posts in this and other threads, explain things after the fact. How does this help a trader trade real time?

Very true statements and all are very valid. I know that when I put a trade on using the 1h which in this case would be long around the 1.3901 area (support, stoch oversold turning up, THV hit green, bottom of standard deviation channel, divergence etc.) and I would have plotted fibs, seen the SDC and the pivot level and gotten out around that level or when the 30min charts told me so since they react quicker. When I have a trade in progress and looking for exits, it's always about thinking one step ahead and what I'd do if I were to short/long and that helps tremendously.
  • #120,787
  • Jul 12, 2009 9:51am Jul 12, 2009 9:51am
Quoting alexandru987
Keep in mind that bad news for US means recession is not over... so you might get the oposite, people returning to the "safer" currencies...

Risk appetite and hope that recession is easying/ending made this rally...
bad news for US is not gd new for me cos i m having short trade and not yet let go. so if open it will rise and i gonna loss my short.
  • #120,788
  • Jul 12, 2009 9:56am Jul 12, 2009 9:56am
u r confused. bad news u US will be v good news for u if u are short euro

Quoting leesm
bad news for US is not gd new for me cos i m having short trade and not yet let go. so if open it will rise and i gonna loss my short.
Its all in the mind.
  • #120,789
  • Jul 12, 2009 10:07am Jul 12, 2009 10:07am
Quoting stewrigh
Yep - Sorry couldn't resist.

But if you want a longer term view my bias is bullish - the trend is up.

Attachment
I remember very similar sentence from someone else when fiber was around 1.58 area last year
  • #120,790
  • Jul 12, 2009 10:13am Jul 12, 2009 10:13am
Quoting 5abi
u r confused. bad news u US will be v good news for u if u are short euro
It thought if bad new for US = to Euro will rise = Buy/Long?

Only if Euro is bad news then Euro will drop =Sell/Short?
  • #120,791
  • Jul 12, 2009 10:16am Jul 12, 2009 10:16am
Ok in simple words, people when they get afraid they either buy Yen or Dollar.

When they are happy and not worried about economy they get adventurous and buy higher yielding currencies and invest their money in higher yielding vehicles. That is why when bad news come from the US everyone panics and starts stashing on USD. Where are you from? US?

A year or ago, everyone I met or knew said they have all their money being stashed away in savings accounts at like 2 % return. Makes sense?

So tomorrow if stocks dive, and recessions deepens and you have sold EURO, you would make tonn of cash.

Quoting leesm
It thought if bad new for US = to Euro will rise = Buy/Long?

Only if Euro is bad news then Euro will drop =Sell/Short?
Its all in the mind.
  • #120,792
  • Jul 12, 2009 10:19am Jul 12, 2009 10:19am
I'll be looking for a good short for the EURUSD. Charts on my blog.
  • #120,793
  • Jul 12, 2009 10:24am Jul 12, 2009 10:24am
Quoting 5ysfx
I remember very similar sentence from someone else when fiber was around 1.58 area last year

1.58 - yep thats my target lol.
  • #120,794
  • Jul 12, 2009 10:26am Jul 12, 2009 10:26am
Quoting 5abi
Ok in simple words, people when they get afraid they either buy Yen or Dollar.

When they are happy and not worried about economy they get adventurous and buy higher yielding currencies and invest their money in higher yielding vehicles. That is why when bad news come from the US everyone panics and starts stashing on USD. Where are you from? US?

A year or ago,...
I m from singapore. U?
  • #120,795
  • Jul 12, 2009 10:47am Jul 12, 2009 10:47am
Quoting stewrigh
1.58 - yep thats my target lol.
Maybe u might try from lower level to reach your goal such as parity or below, that's my target
  • #120,796
  • Jul 12, 2009 11:01am Jul 12, 2009 11:01am
if you are short do read this-- http://www.bloomberg.com/apps/news?p...d=aXQT1NGik0a0
Its all in the mind.
  • #120,797
  • Jul 12, 2009 11:05am Jul 12, 2009 11:05am
Hi all,
My IBFX close as 1.3948 the same as Liger86 .
Gatorinla had a close of 1.3934
Alexandru987 at 1.3951
XARON 1.3937 .

But Leesm ,Can you see an Evening Star at 4Hr. TF?
My intuition says EURUSD will move South to Fibo level of 23.8 which is $1.3923 . It will bounce up to 50% level at 1.3974 .

Ha ha .Disclaimer apply lah .

Philipips
  • #120,798
  • Jul 12, 2009 11:06am Jul 12, 2009 11:06am
that is very simple- u live in different parts of world and so does ur borkers.

Quoting Philipips6
Hi all,
My IBFX close as 1.3948 the same as Liger86 .
Gatorinla had a close of 1.3934
Alexandru987 at 1.3951
XARON 1.3937 .

But Leesm ,Can you see an Evening Star at 4Hr. TF?
My intuition says EURUSD will move South to Fibo level of 23.8 which is $1.3923 . It will bounce up to 50% level at 1.3974 .

Ha ha .Disclaimer apply lah .

Philipips
Its all in the mind.
  • #120,799
  • Jul 12, 2009 11:19am Jul 12, 2009 11:19am
Quoting Philipips6
Hi all,
My IBFX close as 1.3948 the same as Liger86 .
Gatorinla had a close of 1.3934
Alexandru987 at 1.3951
XARON 1.3937 .

But Leesm ,Can you see an Evening Star at 4Hr. TF?
My intuition says EURUSD will move South to Fibo level of 23.8 which is $1.3923 . It will bounce up to 50% level at 1.3974 .

Ha ha .Disclaimer apply lah .

Philipips
lolx... i cant see. If it truth that it will move south that will be gd for me.
  • #120,800
  • Jul 12, 2009 11:28am Jul 12, 2009 11:28am
Take 20 profit and watch volatility coming week.
Good Luck
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