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  • #155,801
  • Oct 26, 2009 1:08pm Oct 26, 2009 1:08pm
More you guys long it the deeper its going to go. Wait for couple of days and see where we close on the Daily charts. IMO daily close below 1.483 a weekley close even better. If it does that then lookout below1.44 1st and then 1.40
  • #155,802
  • Oct 26, 2009 1:09pm Oct 26, 2009 1:09pm
Quoting NightMoves
I think it is just taking a breather and there will plenty of opportunity for longs in the coming days.
i agree ...

my lines say 1.477ish before it's even remotely compromising the trend

a simple withdrawl is quite common... and the euro was bound to take a hit sooner or later - it is after all - late oct
  • #155,803
  • Oct 26, 2009 1:11pm Oct 26, 2009 1:11pm
Quoting acumen
No moron is trading off what I say anyhow.

m
My thought process is simple. US raising rates anytime soon is doubtful, but other countries will be raising (mostly asia). This will keep pressure on USD and indirectly lift Euro. I trade my system, and personally don't care which way it goes. I have no crystal ball, so I don't trade as if I do!
  • #155,804
  • Oct 26, 2009 1:15pm Oct 26, 2009 1:15pm
Quoting FX-Petra
My thought process is simple. US raising rates anytime soon is doubtful, but other countries will be raising (mostly asia). This will keep pressure on USD and indirectly lift Euro. I trade my system, and personally don't care which way it goes. I have no crystal ball, so I don't trade as if I do!
Which is why I don't do long term.

Only for fun and arguing on this thread.
  • #155,805
  • Oct 26, 2009 1:15pm Oct 26, 2009 1:15pm
This might like you.
Attached Image (click to enlarge)
Click to Enlarge Name: 4fan.gif Size: 22 KB
  • #155,806
  • Oct 26, 2009 1:15pm Oct 26, 2009 1:15pm
It seems like more than a few guys are long on the Euro and don't want to hear anything about a trend reversal. But we may have hit a bottom at 1.4860ish
  • #155,807
  • Oct 26, 2009 1:17pm Oct 26, 2009 1:17pm
What I have learned over the last 4 years trading currencies is never trade a prediction, I react to what the market is doing
  • #155,808
  • Oct 26, 2009 1:18pm Oct 26, 2009 1:18pm
Quoting Tom81
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.
very well done! welcome to FF
BTC Return This Year: na
  • #155,809
  • Oct 26, 2009 1:18pm Oct 26, 2009 1:18pm
i'm think wait the 20 mins MPC Member Posen Speaks.

1.48400 broken or not.
  • #155,810
  • Oct 26, 2009 1:21pm Oct 26, 2009 1:21pm
Quoting vinesh2
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
superb post !

thats what I am trying to say

its now exactly on the moving average 45

but still no reason at all to long it ! ( for me personally and my trading strategy )
I SEE YOU !!
  • #155,811
  • Oct 26, 2009 1:22pm Oct 26, 2009 1:22pm
ECB Liikanen: Strong Fx moves bad for Econ Stability
  • #155,812
  • Edited 1:32pm Oct 26, 2009 1:22pm | Edited 1:32pm
the bull hand-forcing has only just begun
1.4844444444

however I think this is a great place to pause, 20 day EMA here! thanks for the great short
If I were not a chicken I would buy 4855 for a relief rally, 20 day.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #155,813
  • Oct 26, 2009 1:25pm Oct 26, 2009 1:25pm
My biggest immediate concern for the moment is this pair's inability to bounce, any, at all. This is about as oversold as this pair has been in many months. You would think that buyers would be stepping in to reload. The lack thereof has me considering exiting my longs.
  • #155,814
  • Oct 26, 2009 1:32pm Oct 26, 2009 1:32pm
Quoting FX-Petra
My biggest immediate concern for the moment is this pair's inability to bounce, any, at all. This is about as oversold as this pair has been in many months. You would think that buyers would be stepping in to reload. The lack thereof has me considering exiting my longs.
I am right there with you ... got a little worried about my longs as well.
Every time the market makes these huge moves my broker gets some big change back ... ohh well
  • #155,815
  • Oct 26, 2009 1:33pm Oct 26, 2009 1:33pm
Keping eyes on M1 chart if the long can play ,even if part of bear continuation ,no problem .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,816
  • Oct 26, 2009 1:33pm Oct 26, 2009 1:33pm
if you like risk, it's nice time to take some pips in the way up
  • #155,817
  • Oct 26, 2009 1:34pm Oct 26, 2009 1:34pm
Quoting Bantua
ECB Liikanen: Strong Fx moves bad for Econ Stability
I think he might mean only strong moves above 1.5000.
  • #155,818
  • Oct 26, 2009 1:36pm Oct 26, 2009 1:36pm
This is a very big move relative to what has happened in the other markets today. Just a few hours ago, people were happy to own the Euro above 1.50... now near 1.4850 and no buyers... and nothing major has happened today. Curious.
  • #155,819
  • Oct 26, 2009 1:39pm Oct 26, 2009 1:39pm
Quoting FX-Petra
This is a very big move relative to what has happened in the other markets today. Just a few hours ago, people were happy to own the Euro above 1.50... now near 1.4850 and no buyers... and nothing major has happened today. Curious.
Something MAJOR did happen today.
  • #155,820
  • Oct 26, 2009 1:45pm Oct 26, 2009 1:45pm
1,4844 / 1,4817 big support here. Broke 14.10 + 2 retest (10.15+10.19) and now again. Hopefully with break

Happy trading
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