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EURUSD

  • #123,241
  • Jul 20, 2009 7:12am Jul 20, 2009 7:12am
Quoting trading801
"weakness me thinks"

are you yoda?


But I see too that the bulls are weaker than before...
  • #123,242
  • Jul 20, 2009 7:13am Jul 20, 2009 7:13am
Quoting trading801
"weakness me thinks"

are you yoda?
I'm Jesus, but Yoda is my father.
  • #123,243
  • Jul 20, 2009 7:14am Jul 20, 2009 7:14am
i think bull will enter later... since RSI is at ceiling on H1
  • #123,244
  • Jul 20, 2009 7:16am Jul 20, 2009 7:16am
Quoting agak_gila
i think bull will enter later... since RSI is at ceiling on H1
agreed
  • #123,245
  • Jul 20, 2009 7:17am Jul 20, 2009 7:17am
Quoting nahman
I'm Jesus, but Yoda is my father.
!


so are you pro USD or Euro?
  • #123,246
  • Jul 20, 2009 7:19am Jul 20, 2009 7:19am
Quoting Domas4
Who already took longs, isn't this a good opportunity to add some more longs?
Nope.
  • #123,247
  • Jul 20, 2009 7:19am Jul 20, 2009 7:19am
Quoting RussoS


But I see too that the bulls are weaker than before...
bears are much better than bulls!
ROBOT FOREX
  • #123,248
  • Jul 20, 2009 7:21am Jul 20, 2009 7:21am
I'm short EUR/USD for now
  • #123,249
  • Jul 20, 2009 7:23am Jul 20, 2009 7:23am
Here is why you should take care of your long positions...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdweekly.gif Size: 34 KB
  • #123,250
  • Jul 20, 2009 7:24am Jul 20, 2009 7:24am
Quoting Forbes55
bears are much better than bulls!
so you are my bro?!

  • #123,251
  • Jul 20, 2009 7:24am Jul 20, 2009 7:24am
Developing distribution scenarios:

1 - market breakout (again ) and push higher from the 1.4210-1.4249 consolidation (thin small green curve )

2 - Market needs some breathing space and continue consolidating, spending time to fill the 1.4160-1.4230 area (thick big green curve )

3 - Market break below 1.4120 and we'll have a reversal

I tend to favor 2 then 1 and view 3 as unlikely (for today) but always possible...
Attached Image (click to enlarge)
Click to Enlarge Name: MP EURUSD 7-20-2009 2-12-38 PM.jpg Size: 121 KB
Getting it right is NOT as important as not getting it wrong.
  • #123,252
  • Jul 20, 2009 7:24am Jul 20, 2009 7:24am
Quoting Forbes55
bears are much better than bulls!
Agreed. I don't see any good reason why this pair has rallied so much. Not much bullish news today makes me think that the market is out of sync and has risen purely on euphoria.

When it drops, it will drop like a stone.

As ever we shall see.

Dazzer
  • #123,253
  • Jul 20, 2009 7:26am Jul 20, 2009 7:26am
Quoting Dazzer
Agreed. I don't see any good reason why this pair has rallied so much. Not much bullish news today makes me think that the market is out of sync and has risen purely on euphoria.

When it drops, it will drop like a stone.

As ever we shall see.

Dazzer
let it drop like a stone...my fingers are all set to trigger sell button hehehe
  • #123,254
  • Jul 20, 2009 7:30am Jul 20, 2009 7:30am
Quoting Alihuzaifa
let it drop like a stone...my fingers are all set to trigger sell button hehehe
short @ 1.422
  • #123,255
  • Jul 20, 2009 7:31am Jul 20, 2009 7:31am
Quoting jland
Here is why you should take care of your long positions...

Attachment
So why? I see an up trend with much room to the up side.
  • #123,256
  • Jul 20, 2009 7:33am Jul 20, 2009 7:33am
Quoting RussoS
short @ 1.422
What is your target on this short?
  • #123,257
  • Edited 9:42am Jul 20, 2009 7:36am | Edited 9:42am
Quoting nahman
I'm short EUR/USD for now
good.


We are the USD. Resistance is futile. We will add your debts and foreclosure distinctiveness to our own
http://www.forexfactory.com/attachme...1&d=1248091312
  • #123,258
  • Jul 20, 2009 7:38am Jul 20, 2009 7:38am
i think it should be go down for awhile... maybe around 20-30 pip?

Edit: on second though... maybe it'll sideway for awhile... H4's RSI and Momentum is high enough for bear, but the PA didn't show it yet...
  • #123,259
  • Jul 20, 2009 7:41am Jul 20, 2009 7:41am
Happy hunting!!!...
  • #123,260
  • Jul 20, 2009 7:42am Jul 20, 2009 7:42am
A Gold going down. !!
Tiny Polar Bear from Poland
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