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EURUSD

  • #151,761
  • Oct 13, 2009 7:39am Oct 13, 2009 7:39am
Quoting booktimes
i have read many posts in these forums especially e/u, and when i started trading forex some years ago, the rule that as always always stayed with me is follow the trend, and back the stronger currency, so to state the bleeding obvious for what ever reason the euro is shit loads stronger than the dollar even with bad zew news, every other currency is kicking the dollars arse except the crap pound, the trend as been up now for months, i just wonder where some of you guys get this trying to pick the top and waiting waiting fingers crossed for it to...
look i don't say its sunk to down trend its the correction or the next arm to trend to get up again its must rerest its in range 1.4740
or little down
  • #151,762
  • Oct 13, 2009 7:40am Oct 13, 2009 7:40am
Quoting sonusanat
guys shall i sell eur/usd now??i sold long back and am in loss of 80$.shall i increase the size an sell again now?reply will be appreciated
today the high blew past the high of sept 2008... since this happened two things could happen:

1) a strong up pressure
2) a quick reversal

if you want to you could short here with a tight stop (less than 30 pips) and see what happens; however, dont feel bad if this market blow the stop in 15 minutes.

i think over the next two week or less you will see a reversal; but i dont know when.
  • #151,763
  • Oct 13, 2009 7:46am Oct 13, 2009 7:46am
UP GO UP OR DOJ PLZ
  • #151,764
  • Oct 13, 2009 7:47am Oct 13, 2009 7:47am
Quoting mpurdy1973
today the high blew past the high of sept 2008... since this happened two things could happen:

1) a strong up pressure
2) a quick reversal

if you want to you could short here with a tight stop (less than 30 pips) and see what happens; however, dont feel bad if this market blow the stop in 15 minutes.

i think over the next two week or less you will see a reversal; but i dont know when.
It's not going to be too easy, working out which direction to take.
Good Trading. (keep it simple).
  • #151,765
  • Oct 13, 2009 7:49am Oct 13, 2009 7:49am
No one now can know direction
no way
  • #151,766
  • Oct 13, 2009 7:49am Oct 13, 2009 7:49am
Hey Gat, great comment my friend, obviously touched a nerve there, love the passion, hindsight is a terriffic thing as the hedgehog said climbing off the toilet brush. my charts are on a daily and either i got them upside down or they are pointed to heaven, small accounts dont show big trends only big accounts can cover big draw downs, i have been trading for 7 years and to be honest most of that time my account has being showing me the finger, human nature can be a real bastard because ultimately we all think we know better and bad trading traits go hand in hand with human nature, the hardest thing is to do trade like a robot because we all think we can pick the bottoms or the tops, think we know where the reversal points are, hey man im no different, I dont offer any advice because my advice sucks and personally I have not got a clue where this sob is gonna go but the bleeding obvious tells me its up because what on earth is going to turn it down?
I thank you x
  • #151,767
  • Oct 13, 2009 7:53am Oct 13, 2009 7:53am
Well its like this today but opposite way !
Attached Image
  • #151,768
  • Oct 13, 2009 7:55am Oct 13, 2009 7:55am
Quoting mpurdy1973
today the high blew past the high of sept 2008... since this happened two things could happen:

1) a strong up pressure
2) a quick reversal

if you want to you could short here with a tight stop (less than 30 pips) and see what happens; however, dont feel bad if this market blow the stop in 15 minutes.

i think over the next two week or less you will see a reversal; but i dont know when.
usx says we could easily go higher we poked a few holes in support. and eu trend is up.. time will tell.. (with a 200 pip @ 1%sl) sl either side could be a good trade. easier money to be made on other pairs..
those who can, do. those who cant, talk about those who can
  • #151,769
  • Oct 13, 2009 7:55am Oct 13, 2009 7:55am
if it close like that
its mean doji candle = the buyer and seller is Confused
Attached Image
  • #151,770
  • Oct 13, 2009 7:57am Oct 13, 2009 7:57am
down before close
  • #151,771
  • Oct 13, 2009 7:57am Oct 13, 2009 7:57am
i hate write in sense times
  • #151,772
  • Oct 13, 2009 7:58am Oct 13, 2009 7:58am
Quoting viljam
Well its like this today but opposite way !
hahahha good one!
thats why we have plans to follow when trading....
Trade on your own risk Plan your trade&trade your plan dont be a
  • #151,773
  • Oct 13, 2009 7:59am Oct 13, 2009 7:59am
buying here for a target of 1.5
  • #151,774
  • Oct 13, 2009 8:00am Oct 13, 2009 8:00am
Quoting viljam
Well its like this today but opposite way !
Pic is hilarious yet so true.
  • #151,775
  • Oct 13, 2009 8:01am Oct 13, 2009 8:01am
iam Confused now iam with sell but that is fast its must return again
  • #151,776
  • Oct 13, 2009 8:01am Oct 13, 2009 8:01am
Quoting JollyBean
Pic is hilarious yet so true.
I have to say i have done it tahta way many many times
  • #151,777
  • Oct 13, 2009 8:05am Oct 13, 2009 8:05am
gold down 10 bucks since todays high.
those who can, do. those who cant, talk about those who can
  • #151,778
  • Oct 13, 2009 8:05am Oct 13, 2009 8:05am
4812 good place for retracement longs, recent tip of H4 wick.

always maybe
TRADE FOR SWAP
  • #151,779
  • Edited 8:45am Oct 13, 2009 8:05am | Edited 8:45am
there was a head and shoulders pattern in the gold, which broke the neckline south...

I believe we've seen the top in the gold and in the EUR/USD pair today...hopefully gold will plummet to 1000$
I'm expecting dollar strenght in the rest of the week...
  • #151,780
  • Oct 13, 2009 8:12am Oct 13, 2009 8:12am
Quoting ejin
in my opinion...it will retest at 4866 area n then retrace around 4824 or maybe more...let we see..
nice pips up n down...stay away for a while..
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