EURUSD

I donno why am i in love with Euro/USD i shud have look for opportunity in other pairs.72 hours and no direction yet

Doji yesterday...we should be going down tomorrow...if it is not by today...

i got you some theme music

of course there is .................... sideways

Yep, also one on the hour chart last hour......be nice if it's a sign

Edit: Sorry, was looking at the wrong chart...doh....as you were!!

?how did you get 6773 as the top.

alihuzaifa.. as i said... ranging time

yeah! i also went there. read the first few posts a couple of months back. but when i read 99.9% winning percentage, i stopped reading after 5 posts maybe. i thought, "oh boy! another joker here." i ended up visiting the thread again earlier somehow. turns out, he WAS joking.

nice thread there. not really "amazing strategy," but more of "amazing thread." brilliant mind merlin got there.

I think ranging time is close to over now? when the bourses opens I mean...

i dont understand bourses,

but... with s&p at resistance and eur/usd too.. we may range more..

USD Benefits from Drop in Asian Equities

Wednesday, 05 August 2009 04:27:20 GMT
Written by DailyFX Market Research
The dollar consolidated recent gains in Asian trading, with Kiwi the only currency able to make fresh highs against the USD today, with EUR, GBP, AUD and CAD consolidating under recent highs. EUR-USD for instance has held a very tight range of 1.4403-23 since the Tokyo open. A key factor tempering the further currency gains was the pullback in Asian stocks with the Shanghai index down over 1% and DJIA futures slightly weaker as well. USD-JPY has eased from 95.37 morning highs to 95.00 in reaction to the weaker stocks with EUR-JPY also retreating from highs of 137.53 in early Tokyo trading to current levels of 136.93. The failure to make fresh gains, the weaker stocks and warnings from BHP and Xstrata about elevated commodity prices suggest that a period of correction is possible in stocks, commodities and currencies that could benefit the dollar.

i included a 5m chart.. all you have to do is pull a fib both directions from blue lines as in example.. then after you pull fib figure the 50% point between blue line and closest fib... put a line there also.. i hope this helps... this is move numbers.. i didnt figure this since conseption of pair like i normaly do, so you may have to void these when the top or bottom numbers are breached..but most pairs follow the same pattern so if they work use them... till they dont..like i said i did this on the fly.. its the personality of this particuliar move.. on the 5m is not so bad..

I don't think anyone gets the bourse since everything can happen but I meant as the volume increases a trend will most likely develop...

I have two positions now,
1 waiting for a drop for about 220 pips
2. a stochastic for the range trade... 15M

Consolidation is dominating the market today. So far, the dollar is consolidating against the euro and the pound, as a mix of sentiments spread in markets after yesterday's fundamentals.

The euro dollar pair is consolidating between 1.4390 and 1.4425 and it recorded a high of 1.4422 and a low of 1.4392. Yesterday's fundamentals led to a mix of sentiments spread in the currencies market as we saw personal income in the U.S had declined, while personal spending climbed. The pair is having a resistance at 1.4460 along with a support at 1.4360. Changes in retail sales in the euro zone will be released today and it may lead to some changes in the market. However, momentum indicators on the daily scale are indicating that the pair is trading in an overbought area.

Regarding the pound dollar pair it is also consolidating between1.6955 and 1.6925 and the pair reached a high of 1.6957 and a low of 1.6926, having the royal currency trading around $1.6940. The pair is having a support at 1.6900 along with a resistance at 1.7000. If the pair broke the support level it will target 1.6850. However, momentum indicators on the four hours charts are supporting the downside direction. On queue, industrial production in the U.K will be released today and it may affect the pair's trend.

Finally, the dollar weakened against the yen today and the pair recorded a low of 94.97 and a high of 95.39, having the dollar trading around 95.00. The pair is having a support at 94.80 along with a resistance at 95.35. It is expected that the pair will breach the support level to reach the next support at 94.40. So far, the RSI indicator on the four hours scale is supporting the downtrend and fundamentals concerning employment change in the U.S will be released today which tend to move the market on release.

I am reading trading for a living at the moment, been trying to read it for quite some time but (here's a lame excuse bla bla bla)...

Anyways as all thesee trading books are similar this one makes me really want to go to an AA meeting (anonymous alcoholics)...

Haha, I was going to give the same reply

You really live in Monaco? Most people have their address there just to hide from the fiscus

Hehe, no thats fake... I am in Sydney but don't tell anyone

HELLO SYDNEY! Oops.

Since I started using internet I have always had fake names, nicks, addresses..

Maybe because I know how many sickos there are out there...