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EURUSD

  • #156,521
  • Oct 28, 2009 11:30am Oct 28, 2009 11:30am
Quoting FX-Petra
Well, the Daily RSI has solidly breached 50. I'm looking at my charts, and I am starting to run out of resistance levels that I can put much faith in. If this continues, and we continue downward all the way to US close.... I guess I'll close my longs and surrender. I'll be sure to post when I am about to capitulate, because the rally back to 1.50 will be sure to start within the hour!
I wouldn't do that. If we hit major resistance app. 10 pips under S2 line (trendline of 2009.04.03 lasting channel) there is very high probability of trend reversal. If this TL is broken then by all means get out of long trades.
  • #156,522
  • Oct 28, 2009 11:31am Oct 28, 2009 11:31am
1.4743 target reached...

New support @ 1.4713



Easy trade
  • #156,523
  • Oct 28, 2009 11:33am Oct 28, 2009 11:33am
Quoting thadakman
EUR/GBP about to take stops out at 0.9000; anyone else going long when that happens?
Just dipped under 0.9000; got filled at 0.8995!
  • #156,524
  • Oct 28, 2009 11:38am Oct 28, 2009 11:38am
It can be that carry trades are liquidated or begin to be liquidated. In which case this baby ain't stopping any soon. Just a thought... if anyone hears some rumors please share.
  • #156,525
  • Oct 28, 2009 11:38am Oct 28, 2009 11:38am
Quoting Tom81
I wouldn't do that. If we hit major resistance app. 10 pips under S2 line (trendline of 2009.04.03 lasting channel) there is very high probability of trend reversal. If this TL is broken then by all means get out of long trades.
Yes, I am looking at that line as well. It must be noted that every line for the last 4 days has been crushed. We'll see!
  • #156,526
  • Oct 28, 2009 11:39am Oct 28, 2009 11:39am
This is what I'm looking at on my daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Daily - Oct 28 09.jpg Size: 168 KB
Si vis pacem, para bellum.
  • #156,527
  • Oct 28, 2009 11:40am Oct 28, 2009 11:40am
hey gator im curious as to why aud/jpy sold off so much in so little time? I know you were saying that commodities and equities were directly linked to the pair. Was it profit taking by funds and banks?
  • #156,528
  • Oct 28, 2009 11:44am Oct 28, 2009 11:44am
this move is the real deal..
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 51 KB
those who can, do. those who cant, talk about those who can
  • #156,529
  • Oct 28, 2009 11:44am Oct 28, 2009 11:44am
I doubt we have much chance of relief until after London close. They have been pounding this thing since they opened this morning.
  • #156,530
  • Oct 28, 2009 11:45am Oct 28, 2009 11:45am
Quoting thadakman
Just dipped under 0.9000; got filled at 0.8995!
I got filled at .90 .... hopefully it will not go down too much further ....
  • #156,531
  • Oct 28, 2009 11:46am Oct 28, 2009 11:46am
Quoting mfoste1
hey gator im curious as to why aud/jpy sold off so much in so little time? I know you were saying that commodities and equities were directly linked to the pair. Was it profit taking by funds and banks?
yen pairs going down says markets sell off. commodity pair going down says commodity sells off.. tada... 2 in one.............kiwi yen good also..same with cad... duce i hope your making big bucks!!!

cat told you this
those who can, do. those who cant, talk about those who can
  • #156,532
  • Oct 28, 2009 11:47am Oct 28, 2009 11:47am
36 pips away from breaking into the 1.46 area.

if you're trading the eur/jpy now you are banking some serious pips
  • #156,533
  • Oct 28, 2009 11:51am Oct 28, 2009 11:51am
Quoting gatorinla
.......kiwi yen good also..same with cad... duce i hope your making big bucks!!!
Let's put it this way...I lost 10 lbs this month, just from sitting and sweating. Now, I can finally have a nice steak dinner. Maybe even an extra glass of wine. Maybe two.
Si vis pacem, para bellum.
  • #156,534
  • Oct 28, 2009 11:51am Oct 28, 2009 11:51am
Just press shorts all the way into close..much more downside for this pair today.
  • #156,535
  • Oct 28, 2009 11:55am Oct 28, 2009 11:55am
Quoting thadakman
Just dipped under 0.9000; got filled at 0.8995!
Stopped out at 0.8980; the Euro is getting creamed here, even against the Pound.
  • #156,536
  • Oct 28, 2009 11:55am Oct 28, 2009 11:55am
Quoting gatorinla
if you want to long do it now.. keep green line as sl (slightly below).. but dont get comfortable.. take profits..
alway keep sl tight contertrend.
those who can, do. those who cant, talk about those who can
  • #156,537
  • Oct 28, 2009 11:55am Oct 28, 2009 11:55am
when will big retrace hapenned? 4700?
  • #156,538
  • Oct 28, 2009 11:56am Oct 28, 2009 11:56am
ride the wave people. ride the wave.

why the sudden sell off of everything? who has access to reuters?
  • #156,539
  • Oct 28, 2009 11:56am Oct 28, 2009 11:56am
Quoting Duce
Let's put it this way...I lost 10 lbs this month, just from sitting and sweating. Now, I can finally have a nice steak dinner. Maybe even an extra glass of wine. Maybe two.
ok do you understand the reason on the chart?
those who can, do. those who cant, talk about those who can
  • #156,540
  • Oct 28, 2009 11:57am Oct 28, 2009 11:57am
We have not seen a multi-day bull butchering like this since April.
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