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  • #158,781
  • Nov 4, 2009 10:38am Nov 4, 2009 10:38am
Quoting SilverShark
Do you think that today it wiil decide where it wana go?
Not unless the news makes it do that, I really beleive that if we close higher than 4850 then the next target is around 5050, and that area is a pretty strong resistance, that area I think will determine what direction this pair is headed....
  • #158,782
  • Nov 4, 2009 10:43am Nov 4, 2009 10:43am
EU has decided today to not follow DOW blindly lol.
No Signal, No Trade. No fundamenals, No headache.
  • #158,783
  • Nov 4, 2009 10:49am Nov 4, 2009 10:49am
Quoting cannarek
You think big guys are going to short? imo they play longs
I normally don't think while trading. If I start thinking, paradox won't let me trade.

One thing I know is that, pa normally looks for support before moving further up. If it finds support at 1.4800, it may go up, if it does not go there, then I am out.

Big Guys can do anything. Few reasonably bigger traders I know play both ways because they have the resources to trade that way.
The Thief of Wall Street
  • #158,784
  • Nov 4, 2009 10:54am Nov 4, 2009 10:54am
Quoting TheFisherman
Sorry, I know it's not the place, but UCAD turning bullish. Might signal E/U end of rally.
any heads-up is always appreciated
  • #158,785
  • Nov 4, 2009 10:55am Nov 4, 2009 10:55am
4700 and 4850 I think right now are the key levels that will tell us what direction we are going if either one of those get blasted then I guess we know what to do then...
  • #158,786
  • Nov 4, 2009 11:01am Nov 4, 2009 11:01am
As you can see by orange line on my chart that 4850 level has held as support in a previous swing low and has held as resistance several times...so I think it is key to the future...anyway that is my humble opinion for what it's worth...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd key level.gif Size: 33 KB
  • #158,787
  • Nov 4, 2009 11:05am Nov 4, 2009 11:05am
Quoting TheFisherman
Sorry, I know it's not the place, but UCAD turning bullish. Might signal E/U end of rally.
There is a negative correlation in respect to the dollar, but I thought the EU was often the leader not the follower, or maybe there are deviations from this rule.
  • #158,788
  • Nov 4, 2009 11:14am Nov 4, 2009 11:14am
checking the daily chart , indicators still bearish but H4 opposite, bull.1.4842 is one important number but instead retracing considerably price took position just below it.If it try move up ,now seriously is ,may retrace to 1.4784 /57 before doing so to 1.4886 /4909. I am looking bear at those level of 1.4886 /4909 as my bais is bearish.anyway all those immediate # can be played simultaneously whether it go ultimately up ( less likely) or down ( more likely) irrespective of what fed says.

just my idea , will some trades if possible or off.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #158,789
  • Nov 4, 2009 11:15am Nov 4, 2009 11:15am
Quoting SilverShark
Do you think that today it wiil decide where it wana go?
Here is a better clarification of where I am getting my key S/R from, it keeps testing these but so far has not been able really break through either one without coming back, it poked its head through each one a few times but only to return....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd key level.gif Size: 33 KB
  • #158,790
  • Nov 4, 2009 11:18am Nov 4, 2009 11:18am
hi

traders


Once news release(Fed),EU will be spike to 50pips for 1st 30 minutes.

Confirm will be uptrand and drop againt after 1hrs..


http://cdn.forexfactory.com/images/icons/euro.gif EU-BUY- BUY- BUYhttp://cdn.forexfactory.com/images/icons/icon7.gifhttp://cdn.forexfactory.com/images/icons/icon14.gif
  • #158,791
  • Nov 4, 2009 11:19am Nov 4, 2009 11:19am
Quoting TheFisherman
Sorry, I know it's not the place, but UCAD turning bullish. Might signal E/U end of rally.
Could retest yesterday's trendline break, and the pivot, but I would not call USDCAD bullish now... far from that

Let it close above the previous 3 x 4H candles, this would be a first signal, then the pivot, then the broken trendline, and after that above 1.0810 we can start talking about a potential bull move.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 11-4-2009 6-18-40 PM.png Size: 72 KB
Getting it right is NOT as important as not getting it wrong.
  • #158,792
  • Nov 4, 2009 11:21am Nov 4, 2009 11:21am
Quoting Fxnewmil
hi

traders


Once news release(Fed),EU will be spike to 50pips for 1st 30 minutes.

Confirm will be uptrand and drop againt after 1hrs..


http://cdn.forexfactory.com/images/icons/euro.gif EU-BUY- BUY- BUYhttp://cdn.forexfactory.com/images/icons/icon7.gifhttp://cdn.forexfactory.com/images/icons/icon14.gif
u say this like u will move the trend there , that was very noob , recomend u to post smart articles and charts if possible. What the hell was that "eu will spike to 50 pips upway, and drop in 1 hr"
  • #158,793
  • Nov 4, 2009 11:22am Nov 4, 2009 11:22am
Quoting Fxnewmil
hi

traders


Once news release(Fed),EU will be spike to 50pips for 1st 30 minutes.

Confirm will be uptrand and drop againt after 1hrs..


http://cdn.forexfactory.com/images/icons/euro.gif EU-BUY- BUY- BUYhttp://cdn.forexfactory.com/images/icons/icon7.gifhttp://cdn.forexfactory.com/images/icons/icon14.gif
Trading the news gives me the winds, I do not do it...LOL
  • #158,794
  • Nov 4, 2009 11:27am Nov 4, 2009 11:27am
Those stubborn bulls never get tired, do they?
  • #158,795
  • Nov 4, 2009 11:29am Nov 4, 2009 11:29am
Quoting investor_me
Those stubborn bulls never get tired, do they?
daily says bears are in game, all depends on FOMC for this week me bear also "RROAAAR" dunno but something tells me Fed will raise it to 0.50 , dollar is now collapsing , no need to kill a dead body
  • #158,796
  • Nov 4, 2009 11:32am Nov 4, 2009 11:32am
Quoting TrendExpress
u say this like u will move the trend there , that was very noob , recomend u to post smart articles and charts if possible. What the hell was that "eu will spike to 50 pips upway, and drop in 1 hr"
HI,
TRENDEXPRESS

1.Pls refer previous month data during fed release interest Rate.You will be know more about this
2.Fundamentally-Interest rate when low or zero,It more usefull for Stock market bcoz they can invest more with loan with low interest rate
-Gold,Housing,Mini etc

Sure
Fed will not increase interest rate for time being until economy recover but Dolar will be weak.
  • #158,797
  • Nov 4, 2009 11:34am Nov 4, 2009 11:34am
Quoting investor_me
Those stubborn bulls never get tired, do they?
Actually the Bulls have been in charge of the pair since Feb!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd bulls in charge.gif Size: 31 KB
  • #158,798
  • Nov 4, 2009 11:39am Nov 4, 2009 11:39am
Quoting NightMoves
Actually the Bulls have been in charge of the pair since Feb!
We could even say that technically this pair is bullish since the Plazza accords low on September 1985
Attached Image
Getting it right is NOT as important as not getting it wrong.
  • #158,799
  • Nov 4, 2009 11:39am Nov 4, 2009 11:39am
Quoting Fxnewmil
HI,
TRENDEXPRESS

1.Pls refer previous month data during fed release interest Rate.You will be know more about this
2.Fundamentally-Interest rate when low or zero,It more usefull for Stock market bcoz they can invest more with loan with low interest rate
-Gold,Housing,Mini etc

Sure
Fed will not increase interest rate for time being until economy recover but Dolar will be weak.
no free lunches people says... if those conditions are good for investors so they are terrible for the country economy , it was first fast usefull step of the every coutnry government to save whats left from its economy , but in time its no sense to keep on this rate cuz things have to progress... US made greatest and also stupidity to lower that much its rates so the economy really didnt collapsed in once.
  • #158,800
  • Nov 4, 2009 11:43am Nov 4, 2009 11:43am
Quoting fxswing
We could even say that technically this pair is bullish since the Plazza accords low on September 1985
Well now that you put it that way your right...
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