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EURUSD

  • #173,361
  • Dec 17, 2009 4:11am Dec 17, 2009 4:11am
Attached Image (click to enlarge)
Click to Enlarge Name: 028-2009-12-17 ec 4 h long.gif Size: 47 KB


long we go. sl .4338. tp 4632. any comments?
  • #173,362
  • Dec 17, 2009 4:15am Dec 17, 2009 4:15am
PA reached daily 200 EMA. Another long at 4360.
  • #173,363
  • Dec 17, 2009 4:16am Dec 17, 2009 4:16am
Quoting AnonYmos
Attachment

long we go. sl .4338. tp 4632. any comments?


Attached Image
  • #173,364
  • Dec 17, 2009 4:19am Dec 17, 2009 4:19am
Quoting T.E.Lawrence
PA reached daily 200 EMA. Another long at 4360.
I have it at 4417 on daily. ???
  • #173,365
  • Dec 17, 2009 4:20am Dec 17, 2009 4:20am
Quoting FX-Petra
Well, it looks like it's over. If we do not retrace to near 4480 (and it looks like we will not) by the end of the day, I will have to close all my longs. It was fun on the way up, but it sucks on the way down! This move is way beyond simple profit taking. We were above 1.51 just 2 weeks ago! Oh well, it really does no good to know why. It is what it is. I will be sure to post 5 min. before I close all my longs. When I hit that button, I'm sure the retrace North will begin!! Good trades to all.
Oh ! My dear Friend , If i may suggest you to hold your longs and move your stop lost further down till 1.4280,,, i do not know wether your in a possition to do that. but i belive there is a strong possiblity of a retrace as you expect (Considering the price action of course)

NOTE - I have meant NO disrespect for your trading method. if you wish to do as i trade. you may. it might not work as well. but very much a probable trade though. if not interested please ignore.

Good luck
Fools Rushing
  • #173,366
  • Dec 17, 2009 4:24am Dec 17, 2009 4:24am
Everyone was laughing at Bernanke yesterday saying Euro will hit 1.47 within minutes after FOMC statement.
  • #173,367
  • Dec 17, 2009 4:26am Dec 17, 2009 4:26am
Quoting MTF Test
Oh ! My dear Friend , If i may suggest you to hold your longs and move your stop lost further down till 1.4280,,, i do not know wether your in a possition to do that. but i belive there is a strong possiblity of a retrace as you expect (Considering the price action of course)

NOTE - I have meant NO disrespect for your trading method. if you wish to do as i trade. you may. it might not work as well. but very much a probable trade though. if not interested please ignore.

Good luck
I see what you see, as it appears we are sitting on top of a support, but this is December and the EU is lead (the metal) in water right now. This thing should have corrected a few times by now but hasn't. And did I already mention we're in December?
  • #173,368
  • Dec 17, 2009 4:26am Dec 17, 2009 4:26am
hi guys,
can someone suggest me abt my trade...i have 2 lots long at 1.4388...what shall be correct sl? and wil i get bep or i shall exit here...?
  • #173,369
  • Dec 17, 2009 4:27am Dec 17, 2009 4:27am
Quoting lloydblankfe
Everyone was laughing at Bernanke yesterday saying Euro will hit 1.47 within minutes after FOMC statement.

you have right $ is strongest, but i don't think is good for USA in long term, so
  • #173,370
  • Dec 17, 2009 4:27am Dec 17, 2009 4:27am
my account is so green
  • #173,371
  • Dec 17, 2009 4:31am Dec 17, 2009 4:31am
guys im in several pairs.. and the usd looks strong as late summer 2008..looks like its gonna blow..
those who can, do. those who cant, talk about those who can
  • #173,372
  • Dec 17, 2009 4:32am Dec 17, 2009 4:32am
Quoting MTF Test
Oh ! My dear Friend , If i may suggest you to hold your longs and move your stop lost further down till 1.4280,,, i do not know wether your in a possition to do that. but i belive there is a strong possiblity of a retrace as you expect (Considering the price action of course)


Good luck

I am with you on that 1.4260-80 risk level,

The bounce will come and take it to above 1.48 but before then all the weak bulls will be stopped out.


But long term bears with good entries (above 1.51) should not worry ,

I think after correction to 1.48-49 we might see 1.39
Some drink at the fountain of knowledge. Others just gargle !
  • #173,373
  • Dec 17, 2009 4:35am Dec 17, 2009 4:35am
Long at 4354
  • #173,374
  • Dec 17, 2009 4:36am Dec 17, 2009 4:36am
Quoting plan-b
I am with you on that 1.4260-80 risk level,

The bounce will come and take it to above 1.48 but before then all the weak bulls will be stopped out.
We may even see a spike to 1.48.
  • #173,375
  • Dec 17, 2009 4:39am Dec 17, 2009 4:39am
To put the fundamentals bluntly...

Germany is fucked.. Spain is fucked.. Greece is super fucked... See ya later europe...
  • #173,376
  • Dec 17, 2009 4:39am Dec 17, 2009 4:39am
Quoting gyan
hi guys,
can someone suggest me abt my trade...i have 2 lots long at 1.4388...what shall be correct sl? and wil i get bep or i shall exit here...?
mate that depends on how much money u have what kind of pain you can accept and all those things... its forex anything can happen use good money management and you should be ok
Trade on your own risk Plan your trade&trade your plan dont be a
  • #173,377
  • Dec 17, 2009 4:41am Dec 17, 2009 4:41am
Why are some folks on this board adding longs??? Forget falling knife, it's a falling nuke.
  • #173,378
  • Dec 17, 2009 4:42am Dec 17, 2009 4:42am
Quoting MTF Test
Have a look Sir, even though it's not my chart. but the alternate wave count is the same. you will find out answers for your question , hope fully
This chart is very distorted, but I was able to read the wave counts. However, the chart is completely wrong for the following reasons:

-Wave 2 retraces to 100% of wave 1, effectively rendering this wave useless as a possible wave 2.

-Wave 3 is okay but, only by coincidence.

-Wave 4 does not retrace enough.

-Wave 5 is too long

The other important component you forgot is that you need to be looking at the monthly chart first, then the weekly, then the daily, then finally the four hour chart. I am just trying to be a successful trader and have a simple exchange of ideas, so I will not be rude. However, this chart is horribly wrong, and it may be causing many people to enter long as day traders, the wrong direction of the trend. Lastly, I have studied a great deal on Elliot waves, and if you want to understand how to read waves go to my trading journal and follow my trading method as I update it. It will be posted in full within the next few weeks. I strongly urge you to take my knowledge, advice, and wisdom here. Please do not make the mistake most traders do. Please do not look long because that is not what is happening.
  • #173,379
  • Dec 17, 2009 4:43am Dec 17, 2009 4:43am
Quoting gyan
hi guys,
can someone suggest me abt my trade...i have 2 lots long at 1.4388...what shall be correct sl? and wil i get bep or i shall exit here...?
No more than 5% of your account balance.
  • #173,380
  • Dec 17, 2009 4:45am Dec 17, 2009 4:45am
Quoting Trading Cat
mate that depends on how much money u have what kind of pain you can accept and all those things... its forex anything can happen use good money management and you should be ok
The trend is down.....period.
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