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EURUSD

  • #168,021
  • Dec 3, 2009 1:17am Dec 3, 2009 1:17am
Quoting dstryr
bull trap,.
It's been in a bull trap since it was a 1.3832 last summer.
Not all sins are created equal
  • #168,022
  • Dec 3, 2009 1:18am Dec 3, 2009 1:18am
Quoting IMARICH1
Driver55,

I took a SHORT at 5085. It appears the lowest we got was around 5075....now price is challenging the 5100 area.....any thoughts on this PA?

Should I close my short for a loss or do you see some selling strrength?

Thanks
I think at this point that we must touch at least one pip above 5117, for technical reasons.
if the market should continue to rise, I'll tell you, when I go into action .
at the moment I can not say more
The best thing that can happen to you is to find out where you're wrong.
  • #168,023
  • Dec 3, 2009 1:18am Dec 3, 2009 1:18am
1.5110 what next ? I am bear side .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #168,024
  • Dec 3, 2009 1:21am Dec 3, 2009 1:21am
Quoting fontu
1.5110 what next ? I am bear side .
fontu
In the neighborhood of 5050
Not all sins are created equal
  • #168,025
  • Dec 3, 2009 1:24am Dec 3, 2009 1:24am
i hear bull trap bull trap...

i been hearing that crap 300 pips ago.

yes I am long.
  • #168,026
  • Dec 3, 2009 1:26am Dec 3, 2009 1:26am
dollar is gonna continue one way till jan.....downnn, thats very evident
  • #168,027
  • Dec 3, 2009 1:32am Dec 3, 2009 1:32am
EUR ... get my profit target 1.5140 ...

Then I could rest a little before trading again
{Promotion Removed}
  • #168,028
  • Dec 3, 2009 1:33am Dec 3, 2009 1:33am
Quoting Jay Walker
In the neighborhood of 5050
Considering every aspect that it will test 1.5120 & break up to the top 1.5148 & if not breaks up successfully here then target should take towards 1.34 area . At this high level I am afraid bulling though it will be there before fail fully or win.
God bless me before taking a loss day again & prevent me not open much trades.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #168,029
  • Dec 3, 2009 1:37am Dec 3, 2009 1:37am
sl 1.5101 tp 1.5145
Trade on your own risk Plan your trade&trade your plan dont be a
  • #168,030
  • Dec 3, 2009 1:39am Dec 3, 2009 1:39am
Quoting fontu
Considering every aspect that it will test 1.5120 & break up to the top 1.5148 & if not breaks up successfully here then target should take towards 1.34 area . At this high level I am afraid bulling though it will be there before fail fully or win.
God bless me before taking a loss day again & prevent me not open much trades.
fontu

my target for the day is 1.5169-79

It wouldnt even surprise me the least bit if it blew right through the 74 fib at that level...
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  • #168,031
  • Dec 3, 2009 1:39am Dec 3, 2009 1:39am
Quoting fontu
Considering every aspect that it will test 1.5120 & break up to the top 1.5148 & if not breaks up successfully here then target should take towards 1.34 area . At this high level I am afraid bulling though it will be there before fail fully or win.
God bless me before taking a loss day again & prevent me not open much trades.
fontu
Well, I disagree with that. But I'll give you the benefit of the doubt for a moment. Even with that, heading back to 1.34 is longer term stuff than 99.99999999% of the folks here can even comprehend. Tomorrow is Thursday in America and after that is Friday. I don't see a move to 1.34 happening over the next 2 days.

But a move in the neighborhood of 1.50 by Friday wouldn't surprise me in the least.
Not all sins are created equal
  • #168,032
  • Dec 3, 2009 1:39am Dec 3, 2009 1:39am
Quote
It's been in a bull trap since it was a 1.3832 last summer.

You are great
  • #168,033
  • Dec 3, 2009 1:41am Dec 3, 2009 1:41am
Quoting mfoste1
my target for the day is 1.5169-79
I'm shooting for 1.5160.
  • #168,034
  • Dec 3, 2009 1:42am Dec 3, 2009 1:42am
Quoting kingfisher
You are great
Just to be clear, I haven't been long since that.
Not all sins are created equal
  • #168,035
  • Dec 3, 2009 1:43am Dec 3, 2009 1:43am
Quoting Jay Walker
Well, I disagree with that. But I'll give you the benefit of the doubt for a moment. Even with that, heading back to 1.34 is longer term stuff than 99.99999999% of the folks here can even comprehend. Tomorrow is Thursday in America and after that is Friday. I don't see a move to 1.34 happening over the next 2 days.

But a move in the neighborhood of 1.50 by Friday wouldn't surprise me in the least.
Here is a quote from Sean Lee of forexlive posted during Tokyo

Just to re-fresh your memory, EUR/USD jumped from 1.27 to 1.34 one week and from 1.34 to 1.47 the following week. I don’t think anything like that is going to happen this year in that we are now in a completely different market phase but nevertheless it’s worth remembering.
Dealers say that a break above 1.5160 would take a large number of options out of play, greatly increasing bullish momentum. A break of technical resistance at 1.5290 (double-top neckline) would also increase bullish momentum. These are two important levels to watch in coming weeks.
  • #168,036
  • Dec 3, 2009 1:43am Dec 3, 2009 1:43am
Its up..its a bull run.

DAX futures are up..so if DAX opens in green, e/u will shoot.

I dont think shorting is a good trade here.
  • #168,037
  • Dec 3, 2009 1:45am Dec 3, 2009 1:45am
Closed my long since yersterday with just over 20 pips. We are probably going to retrace some. I have placed buy limit order at R1 level with TP 1.5140 and going to bed till US opens.
  • #168,038
  • Dec 3, 2009 1:45am Dec 3, 2009 1:45am
Quote
Just to re-fresh your memory, EUR/USD jumped from 1.27 to 1.34 one week and from 1.34 to 1.47 the following week.

What week/month it was when this happened? I was not in market then, so dont know.

I am thinking bears/shorts accounts would have been wiped off during these 2 above weeks..scary.
  • #168,039
  • Dec 3, 2009 1:46am Dec 3, 2009 1:46am
Quoting kingfisher
I dont think shorting is a good trade here.
Shorting the USD hasn't been a good idea since March 20th, 2003 if you want to get to the nitty gritty of it all.
Not all sins are created equal
  • #168,040
  • Dec 3, 2009 1:48am Dec 3, 2009 1:48am
Quoting Jay Walker
Shorting the USD hasn't been a good idea since March 20th, 2003 if you want to get to the nitty gritty of it all.

lololol i might be buying at 5108 with tight stop depending on PA if it gets there
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