EURUSD

Sorry, only saw your post. Here's a couple of links but just google US Dollar Index and read to your heart's content.

http://en.wikipedia.org/wiki/U.S._Dollar_Index

http://www.akmos.com/forex/usdx/

Because the weighting is heavily Euro, this chart shows how they are inverse of each other. This is the EUR overlaid over the USDX.

Non taken, put it down to inexperience.

Just curious, where does your lower trend line end up?
I would like to be there for a short position

This is crap PA. Does nothing for a long time and then makes a big move for 5 minutes and then does nothing for a long time again.

Support Resistance

1,4375 - 1,4435 - 1,4473 - 1,4527 - 1,4591

1,4345

1,4316 - 1,428 - 1,4235 - 1,4191 - 1,4152

------------

S + R =

Only for scalps 20 to 30 pips shorting the top is the best, but where is this candle top?
Maybe already!!

Like this saying

Im Short too, til Profit

1.4488 TP 1.4468

next 1.4458

Free scalping service, what you people want more!!!

Keep an eye at my blog!

I have to go now, bye and GL

Do not Overtrade!!

playing basket atm : ) selling eu buying uc

On a move like the one we have had today, we should normally see a retrace. I note that someone here strongly warn about trading against the trend. There are many types of traders, whereof the most common are trend traders, swing traders, day traders, scalpers and counter trend traders. I am a combination of two types, swing and counter trend trading. I love counter trend trading, I see it like the tightening of a coil, ready to uncoil in the opposite direction. The key with counter trend trading is trying to enter the trade at a (not the break off) support or resistance level or when price make new highs or lows, then set a comfortable but tight stop loss. I don't get all the warnings against trading against the trend, this is actually a style of trading, and many including me are successful doing it. Today I have been stopped out two times doing counter trend trading, but no problem I have my stop loss set. When I get stopped out I don't enter another trade again at once, I wait to see if price continue trending and then enter at an even better price, or stay out. Possible I have another swing trade in the trending directions.

Now I have a third counter trend trade on for the day, short at 1,4500. Why, 1,4500 is a very round figure and psychological a strong resistance. Also, price went passed weekly R2 which very seldom happen, and when it happen we will often see price go back to weekly R1 (1,4390). I am also looking at fibs, and the 61,8 retrace from this move is at 1,4395. Therefore I set my target at 1,4400.

This week has been bad for me, but if trade with and edge, you will win in the long run.

Just felt the urge to say these words, good luck to all whichever type of trader u are (-:

whats ironic is the higher it goes the harder it will be for europe or u.s. to recover. more so europe and japan. oh and china also..cheers.. lets party like its 1929..

thanks for the input, interesting to see someone is both trend and counter trend trader, I thought it was something like a personality, but i'm new to this. can you tell me where your SL is and why it's exactly there?

thanks

PS it's my first post, thanks you guys for the help here :-)

What trigger the jump? anyone know?

more us folks perhaps?

again... i can't believe i'm doing this but I believe JR is correct.

lot's of trouble ahead.

this ain't you daddy's trouble either... big shit.

m

is it wise to take profit now, or do i leave it till 4591?

forgot to answer this.
It was where it fell from, 1.4510 (hit on the ask)

I may have an argument here. Right now, U.S. is in a more beaten shape than EU. What's the point for EU of having a strong economy if the traditional partner is on the floor and the referee is counting?

So, I think that for now, EU can take a lot easier a strong EUR than U.S. can take a strong USD.

the US deficit is the talk of the town.

m

Again... Roubini talked up this issue at the start of September.