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  • #155,721
  • Oct 26, 2009 11:23am Oct 26, 2009 11:23am
Alrighty then.

Quoting sophiaphia
Glad I closed all long on Sunday night (US)...we are on our way peeps to bold 1.47! 24 hours to go!

yay
  • #155,722
  • Oct 26, 2009 11:26am Oct 26, 2009 11:26am
Quote
I think they are dropping this to shake out higher level longs and are proabbly getting ready for a good GDP report that will spike the EU up again

Well if US GDP report comes good, then will E/U move up or down?
  • #155,723
  • Oct 26, 2009 11:27am Oct 26, 2009 11:27am
Watch out your longs... Dow still weak
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  • #155,724
  • Oct 26, 2009 11:27am Oct 26, 2009 11:27am
why fight the trend guys and go long ?
I don't see any reason to buy , in fact I should be looking for a chance to jump in with the bears.
I SEE YOU !!
  • #155,725
  • Oct 26, 2009 11:28am Oct 26, 2009 11:28am
Quoting egypt
hi every buddy
all see that great down its ultimate profit in one hour from long time i don't see like that
hope all get nice trade
and in last euro not break the 1.5000 and break the trend
we will see if it new up trend or more down
I think nothing change happen yet ,price still to play 1.4993 or little up 1.5 & back to break the base again before any trend change.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,726
  • Oct 26, 2009 11:30am Oct 26, 2009 11:30am
Forey Gods have turned against me. Damn you!
  • #155,727
  • Oct 26, 2009 11:30am Oct 26, 2009 11:30am
Quoting kingfisher
Well if US GDP report comes good, then will E/U move up or down?
nobody knows.. because one question leads to a reaction. that may not be known by markets or govs. wait till action maybe 10/15m or longer after news..a bad gdp in u.s. could prove to be worse for ez since they are dependent on what u.s. imports from them.
those who can, do. those who cant, talk about those who can
  • #155,728
  • Oct 26, 2009 11:32am Oct 26, 2009 11:32am
Go long @ 1.49200
  • #155,729
  • Oct 26, 2009 11:32am Oct 26, 2009 11:32am
Quoting CzechTrade
entered long.. tight SL
Dangerous and stinky action, picking the bottom ...
Discipline + Patience - Fear - Greed = Success
  • #155,730
  • Oct 26, 2009 11:33am Oct 26, 2009 11:33am
Quoting sophiaphia
the disparity between dxy, eur and us markets has finally showed itself after 7 days. it was a very good 'tell'. wait til the E/U bulls have their hands forced a bit more. (like in the next 24 hrs)

NO WAY i would be a buyer of this pair right now, not even pivots, daily, weekly s1 s2 s3 s4 all the normal bread and butter.
7 or 8 days is a good number. for a pullback... it works with wk/months ect.. so count back the months till march...
those who can, do. those who cant, talk about those who can
  • #155,731
  • Oct 26, 2009 11:33am Oct 26, 2009 11:33am
Quoting dbfusion
why fight the trend guys and go long ?
I don't see any reason to buy , in fact I should be looking for a chance to jump in with the bears.
Anything can happen though & even few more pips down but any particular reason go short at this level or not long ?
thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,732
  • Oct 26, 2009 11:34am Oct 26, 2009 11:34am
Quoting fontu
I think nothing change happen yet ,price still to play 1.4993 or little up 1.5 & back to break the base again before any trend change.
fontu
Yep I am in agreement I do not believe the trend is done but I do believe there is still room for retracement I am going to be watching the 4800 to 4850 level and see what happens there.
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  • #155,733
  • Oct 26, 2009 11:35am Oct 26, 2009 11:35am
I think this was necessary. In order to go higher we had to come down anyway. H4 was clearly showing the bulls running out of steam at London start today.
Discipline + Patience - Fear - Greed = Success
  • #155,734
  • Oct 26, 2009 11:37am Oct 26, 2009 11:37am
Arrgh ! My SL yesterday got hit at 5062.... my TP for that trade was 4912... figures...
~Ody
  • #155,735
  • Oct 26, 2009 11:39am Oct 26, 2009 11:39am
Quoting fontu
Anything can happen though & even few more pips down but any particular reason go short at this level or not long ?
thanks ,
fontu
Nothing has fundamentally changed. Why the sell off? No one knows. Maybe just some profit taking. If you are long biased, this is just a good opportunity to add some more. No one knows if we will touch 1.51 or 1.46 next. Whatever your position, use good management rules.
  • #155,736
  • Oct 26, 2009 11:39am Oct 26, 2009 11:39am
Quoting arezab
I think this was necessary. In order to go higher we had to come down anyway. H4 was clearly showing the bulls running out of steam at London start today.
I will keep this in mind for my futures trades
  • #155,737
  • Oct 26, 2009 11:40am Oct 26, 2009 11:40am
Quoting arezab
I think this was necessary. In order to go higher we had to come down anyway. H4 was clearly showing the bulls running out of steam at London start today.
Yes if you look at the chart I posted that is the daily chart and there is room for retracement, and you could see this impulse was running out of momentum, so I guess it is time for it to recharge a little bit.
  • #155,738
  • Oct 26, 2009 11:41am Oct 26, 2009 11:41am
Quoting FX-Petra
Nothing has fundamentally changed. Why the sell off? No one knows. Maybe just some profit taking. If you are long biased, this is just a good opportunity to add some more. No one knows if we will touch 1.51 or 1.46 next. Whatever your position, us good management rules.
I read at the Trading801 thread, he found some news of a swiss bank or something who sold something, you can go there by clicking my signature, I think on the last 2 pages of the thread he posted it.
  • #155,739
  • Oct 26, 2009 11:43am Oct 26, 2009 11:43am
cat laying off 550 is nothing to overlook. you cant take rock out the ground without them. a weaker usd lately should have increased demand for cat, not reduced it.
those who can, do. those who cant, talk about those who can
  • #155,740
  • Oct 26, 2009 11:46am Oct 26, 2009 11:46am
Here is the article:

trading801: thank you forex live. THANK U SWISS WHO EVER U R LOL party spoiler

Swiss private bank blasted EUR/USD
Written by Jamie Coleman
October 26, 2009 at 15:43 GMT

Traders say a Swiss private bank is responsible for the bulk of the drop in EUR/USD after the pair broke important supports at 1.5000 and 1.4980. This name is not seen moving size often, but when they do, it tends to be for a Middle Eastern account, we are told.

EUR/USD slipped as low as 1.4951 before stabilizing. We trade now at 1.4960. 1.4980 should provide resistance near-term.
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