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  • #155,781
  • Oct 26, 2009 12:42pm Oct 26, 2009 12:42pm
Quoting shahab8b
does anyone know whats going on? its seems like a trend reversal to me,
Been chatting with my broker....this is what they think too.

Let's see how this plays out this week.

EDIT: For the record, I do not have any open EURUSD positions. Now long USDCADs...that's another story
Si vis pacem, para bellum.
  • #155,782
  • Oct 26, 2009 12:44pm Oct 26, 2009 12:44pm
[quote=gatorinla;3176714][quote=The Fool;3176681]
Quoting FX-Petra
Nothing has fundamentally changed. Why the sell off? No one knows.
sorry .. excuse me.. i thought nobody would notice. damn refried beans..

what do you think?

when's 1.6 coming?

  • #155,783
  • Oct 26, 2009 12:45pm Oct 26, 2009 12:45pm
Quoting shahab8b
does anyone know whats going on? its seems like a trend reversal to me,
Yes, should set up some great shorts, on weak rallies. I'm itching for that...
Neal "FibMaster" Hughes.
  • #155,784
  • Oct 26, 2009 12:45pm Oct 26, 2009 12:45pm
Quoting Duce
Been chatting with my broker....this is what they think too.

Let's see how this plays out this week.

EDIT: For the record, I do not have any open EURUSD positions. Now long USDCADs...that's another story

we get a little pullback and people are speaking of trend reversal????? i dont think so
  • #155,785
  • Oct 26, 2009 12:46pm Oct 26, 2009 12:46pm
i think the real fundamental that is psycology is changed here.i heard somewhere that once professional take the price to major area[in this case 1.5000 level] they leave.by the way i am up 180 pips up and damn!its my inexperience!! which make me to reduce my position by half this afternoon when price touch 1.5035.but i am learning and next time its not going to happen.now i am trying to read my self how on earth im going to loose all these pips i have made today.what is it which is going to nudge me toward loosing all these gains.any ideas and comments will be appreciated
Allah has permitted trade and has forbidden interest [koran]
  • #155,786
  • Oct 26, 2009 12:46pm Oct 26, 2009 12:46pm
Quoting dbfusion
the up trend is over on hourly and 4 hour and daily chart!

the only up trend which is still active is the weekly chart !



it doesn't mean it should go down !!

can go side ways , can create a new up trend or continue on the down trend .

at the moment the most risky thing is to trade in any direction !
dbfusion, the uptrend on the daily chart is still fully intact, look at my daily chart this retracement has not damaged the daily uptrend at least not yet.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily trend retrace1.gif Size: 24 KB
  • #155,787
  • Oct 26, 2009 12:48pm Oct 26, 2009 12:48pm
Quoting Forex4pty
Well I'm new, didn't know this can be done, thanks for the tip. Every day you learn something

Wow...I hope for your sake your not trading a live account. Though there was a time when I didnt know you could do this too so dont feel so bad.

Good day for shorts, so far 165pips @ .5 lots
short @ 1.5025
close @ 1.4860

Not sure how EUR will react to this sharp retracement but I think soon we will see a major trend reversal in favor of USD.
  • #155,788
  • Oct 26, 2009 12:48pm Oct 26, 2009 12:48pm
Quoting Duce
Been chatting with my broker....this is what they think too.
I don't think so. we are going to hit 1,6 this year and even more
  • #155,789
  • Oct 26, 2009 12:49pm Oct 26, 2009 12:49pm
speed damages the uptrend, where there is speed there is usually more momo. but i guess they will keep the longs guessing all the way down.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #155,790
  • Oct 26, 2009 12:49pm Oct 26, 2009 12:49pm
[quote=acumen;3176896][quote=gatorinla;3176714]
Quoting The Fool


what do you think?

when's 1.6 coming?

My personal target for 1.60 is Feb or March of Next year....but my guess is as good as anybody else's! If this down move were to breach and hold below 1.46, I might have to rethink that. We'll see.
  • #155,791
  • Oct 26, 2009 12:49pm Oct 26, 2009 12:49pm
Just exited short with 173pips in my pocket I don't believe we can be sure that long term uptrend is over. I'll believe it when PA breaks TL lasting from 2009.03.04.
  • #155,792
  • Oct 26, 2009 12:50pm Oct 26, 2009 12:50pm
Quoting mfoste1
we get a little pullback and people are speaking of trend reversal????? i dont think so
end of October=end of the year for hedge funds=fund managers will take their profits to get their bonuses=huge profits from March till now=will close long positions this week=S&P down =EUR down
  • #155,793
  • Oct 26, 2009 12:52pm Oct 26, 2009 12:52pm
Quoting mfoste1
we get a little pullback and people are speaking of trend reversal????? i dont think so
It's been sitting up at the 1.50+ level for almost a week. Now it could have gone 150+ pips north or south. Today it chose south, along with gold, DJ, oil. Maybe it is just a pull back. Maybe things really are rosie. What do I know.
Si vis pacem, para bellum.
  • #155,794
  • Oct 26, 2009 12:52pm Oct 26, 2009 12:52pm
Quoting NightMoves
dbfusion, the uptrend on the daily chart is still fully intact, look at my daily chart this retracement has not damaged the daily uptrend at least not yet.
try checking it with moving average 18 & 45 & 100

you will see that 18 didn't stop it and it touched 45 to the pip almost
45 is the medium term trend
18 is the short

the 45 is at 1.4849

ofcorse it can bounce from that area .
but the short term up trend is over , thats defenatly
check the line you drew its totally broken
I SEE YOU !!
  • #155,795
  • Oct 26, 2009 12:54pm Oct 26, 2009 12:54pm
for me personally , betting my money on rebounds is a no no .

thats me , ofcorse each has his own plan.
I SEE YOU !!
  • #155,796
  • Oct 26, 2009 12:56pm Oct 26, 2009 12:56pm
[quote=FX-Petra;3176915][quote=acumen;3176896]
Quoting gatorinla

My personal target for 1.60 is Feb or March of Next year....but my guess is as good as anybody else's! If this down move were to breach and hold below 1.46, I might have to rethink that. We'll see.
Here's my call.

1.34 by years end.

Mike
  • #155,797
  • Oct 26, 2009 12:59pm Oct 26, 2009 12:59pm
I don't make predictions that far ahead, in fact I don't make predictions... BUT if the Fed is closed down and all those clown muppets hunted down, i'll be watching in the first row.
Traders are smartasses
  • #155,798
  • Oct 26, 2009 1:01pm Oct 26, 2009 1:01pm
Quoting Spsantos
I don't make predictions that far ahead, in fact I don't make predictions... BUT if the Fed is closed down and all those clown muppets hunted down, i'll be watching in the first row.
No moron is trading off what I say anyhow.

m
  • #155,799
  • Oct 26, 2009 1:03pm Oct 26, 2009 1:03pm
Quoting Duce
It's been sitting up at the 1.50+ level for almost a week. Now it could have gone 150+ pips north or south. Today it chose south, along with gold, DJ, oil. Maybe it is just a pull back. Maybe things really are rosie. What do I know.
I think it is just taking a breather and there will plenty of opportunity for longs in the coming days.
  • #155,800
  • Oct 26, 2009 1:07pm Oct 26, 2009 1:07pm
More you guys try to long this the deeper its going to do. Best to see where we close for next couple of days. 1.483 is key. If we get a daily close that would be good if we get a weekley close below that then lookout below. Its
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