EURUSD

I guess that US index headed down now.I don't even look at that thing.I plan my trade then trade my plan
3385 1st stop for me then looking for a retrace then 3340 then 3260 EJ by the way not EU

Short from 1.4228...resistance (both trendline and horizontal), 50% fib of recent high / low...on 4H chart. Should have shorted from 1.4250.

Morning all,

Did a couple of scrapes this morning and it has been good so far. Got a sell limit at 4248. Looking for a big drop today or tomorrow. till then, it's all scraping. Good luck to all!

i usually see stocks + risk taking + technical


you can check out my latest article if it pleases you..

http://www.forexfactory.com/news.php...08#post2970675

thanks buddy

News due out within 17 minutes/

Just taken a Long at 1.4237.
I realise most are looking for a big retrace back down, but we'll see!

Heck in that case, you're greater then! hehe

http://piphut.com/forex-income-calculator/It has advanced options for lot size and value too
Looks like GB news may be better than expected/lets see If I figured this out right

sell 1.4236 target 20 pip

asian stocks = positive

europe early stocks = positive


i love it


hug on to your Fu#@$#@%king tree !

Thats why I'm in a stalemate huh?

Hope everyone grabs some good pips.I'm short on the EJ and have nothing to lose.Cmon

Personally I'm still short bias since 1.4220 but your $, your trade.

EUR/USD Open 1.4225 High 1.4262 Low 1.4086 Close 1.4222
On Wednesday Euro continued renewed its downward trend against the Dollar, but later in the day rose sharply from 1.4086 to 1.4262, closing the day at 1.4222. On the 1 hour chart the 1.4170 resistance was broken upwards, indicating possible strengthening perspectives for the European currency. Our preferable scenarion, however, in the short term is bearish with objectives toward 1.4085, but remain neutral in the medium term. The nearest resistance is yesterday's peak at 1.4260. Break above that level may lead to renewal of the European currency recovery. The CCI indicator has crossed down the 100 line on the 1 hour chart, suggesting further descending perspectives.
Technical resistance levels: 1.4260 1.4370 1.4500
Technical support levels: 1.4085 1.3965 1.3850
Trading range: 1.4245 - 1.4180
Trend: Downward
Sell at 1.4233 SL 1.4263 TP 1.4193

Hi everyone
I am kinda new here so please, dont beat me too much (-:

I have some chart i just made which represents how i imagine mid-term movements on EUR/USD pair.

http://www.gloomy.eu/fx/images/eur_usd_2009_08_20.png

Basicaly we are closing to intersection of two trends, long term (going up) and mid-term (going down). I hope long-term trenline is tronger suppor and will give strong enough impuls to break the mid-term trendlines.

Cheers and happy trading. (-;

I would just sit calmly now and wait for a clear sense of direction. Forex is not a sprint, it a marathon. That means knowing when to slow down and reevaluate the situation. USDx heading down, stock futures up and oil spot slightly up. Was short from yesterday, covered with a profit. Market is just too choppy right now and don't want to build up SLs just because I'm impatient.

I shorted @ 4259 my sl now BE but I still think 4h chart still show the downtrend for me at leat 4190.

The main driver for the foreign exchange market in the Asian session was the dynamics of the market shares of China, and, given that the latter has been quite positive, the effects of fixation of the profit in euro / dollar, after rapid growth at the end of the trading on Wednesday, were moderate. Attempts to decline during the trading in Asia, steadily attracted new customers in the region of $ 1.4225/20 and $ 1.4210/00, that inspired the bulls on the euro at testing Ofer near $ 1.4250. However, break out above have not yet been able, with the euro so far has passed the position that the dealers associated with the execution of large orders one Asian account, while the seller was seen and the name of the Swiss, whose Ofer also seen around $ 1.4265 and up to $ 1.4295. Stop visible above $ 1.4305, bidy remain in the $ around $ 1.4210/00 and 1.4180.

correction - 4150 at least

Currently EU is floating around 1.422, let wait and see on which direction it will go.

FX is marathon ~

totally agreed.........