EURUSD | Page 8965 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #179,281
  • Jan 10, 2010 5:47pm Jan 10, 2010 5:47pm
highest until now 1.4472
lowest still 1.4405
  • #179,282
  • Jan 10, 2010 5:49pm Jan 10, 2010 5:49pm
... and now for half a dozen hours sleep.

hapipipin for you all!
dreams do come true.
  • #179,283
  • Jan 10, 2010 5:51pm Jan 10, 2010 5:51pm
here you can easilly see the resistance and support levels on an hourly, H4, DAILY, WEEKLY and MONTHLY basis...

Daily Res and Sup (pivotal) is always the master-key of course...




http://www.actionforex.com/index2.ph...ge=0&Itemid=30


See LINK above
  • #179,284
  • Jan 10, 2010 5:55pm Jan 10, 2010 5:55pm
we are directed at
4542 on eurusd
0129 on usdchf

apart from the usual pivot ,trendline, etc.., and all other devilry.
The best thing that can happen to you is to find out where you're wrong.
  • #179,285
  • Jan 10, 2010 5:59pm Jan 10, 2010 5:59pm
Quoting Driver55
we are directed at
4542 on eurusd
0129 on usdchf

apart from the usual pivot ,trendline, etc.., and all other devilry.

yes - possibly - and moreover that is fully in line with pivotal approach...
  • #179,286
  • Jan 10, 2010 6:00pm Jan 10, 2010 6:00pm
as i said 4479...hard to break
Don't stay in bed, unless you can make money in bed.
  • #179,287
  • Jan 10, 2010 6:03pm Jan 10, 2010 6:03pm
but as this is not a one way road - I expect a breather / or correction from here (around first daily resistance that we have seen already) at first ...
  • #179,288
  • Jan 10, 2010 6:03pm Jan 10, 2010 6:03pm
I'd like to see the euro dollar break out of it's one month range and close above, before going any higher.

I think it's more likely to make a false break and then fall back in it's range as I believe it's still too early for a recovery.

We haven't broken any high's yet.

But so far it looks very bullish, un-trade-able at this point, because it's too risky to buy. We need a clear break, close above, and then a pull back to support.

I'd much rather wait until another sell trend starts, and then just sell off and ride it back down.
  • #179,289
  • Jan 10, 2010 6:06pm Jan 10, 2010 6:06pm
Quoting Revone
I'd like to see the euro dollar break out of it's one month range and close above, before going any higher.

I think it's more likely to make a false break and then fall back in it's range as I believe it's still too early for a recovery.

We haven't broken any high's yet.

But so far it looks very bullish, un-trade-able at this point, because it's too risky to buy. We need a clear break, close above, and then a pull back to support.

I'd much rather wait until another sell trend starts, and then just sell off and ride it back down.

Very wise - yes I agree with that...
  • #179,290
  • Jan 10, 2010 6:10pm Jan 10, 2010 6:10pm
It's much easier to sell than it is to buy. Buying is an entire different monster on it's own.

I think if we fall back into range and start to collapse again, all of us seller's are going to come back in and push prices back down, just because it's easier to take a profit that way. It's more likely to happen.

But a breakout is boiling. So if we breakout and close above, that is a good economic sign of recovery. It's not the best trade setup.
  • #179,291
  • Jan 10, 2010 6:12pm Jan 10, 2010 6:12pm
Quoting Revone
It's much easier to sell than it is to buy. Buying is an entire different monster on it's own.

I think if we fall back into range and start to collapse again, all of us seller's are going to come back in and push prices back down, just because it's easier to take a profit that way. It's more likely to happen.

But a breakout is boiling. So if we breakout and close above, that is a good economic sign of recovery. It's not the best trade setup.

Yes - I just watch and observe it now - or atm - as some of you use to say ... ;-)
  • #179,292
  • Jan 10, 2010 6:18pm Jan 10, 2010 6:18pm
Would suppose that we come down to touch fib 23.6% (1.4434) at least before trying to break again 1.4480
They think they are smarter than I am.
  • #179,293
  • Jan 10, 2010 6:18pm Jan 10, 2010 6:18pm
i sold at .4473 using 20pip sl from now on. target 4415 is xactly wer 5th jan daily fractal is.
  • #179,294
  • Jan 10, 2010 6:21pm Jan 10, 2010 6:21pm
Moreover - its Monday - liquidity is low today - Japan Markets are closed today - so I will not enter prior to London Session ...

And I never hold any positions over a week-end...

But this has been posted by many members before - was a good advice from them guys...

Can't be mentioned too much / often - as we have seen a lot of accounts beeing wiped out just because of that reason - that the things have been changed enormously after week-end...
  • #179,295
  • Jan 10, 2010 6:25pm Jan 10, 2010 6:25pm
Quoting redsheriff
Yes - I just watch and observe it now - or atm - as some of you use to say ... ;-)
Yes sir. I would watch and observe and I'm personally not opening any trades until the market reveals itself to me.

We need to make a false break of the 1.4500, and then close down, and have trend confirmation before going short. This could take 2-3 days. And we need to break out and close above, and then pull back to support before looking to buy. And even then buying is still risky. This could take a week.

Right now I see sell resistance at 1.4480 with signs of a possible short term pull back to 1.4455-35 before continuation.

I wouldn't buy or sell at this time. But the safest trade would be a breakout of this one month range we are stuck in. It looks like it wants to gap up on the Daily.
  • #179,296
  • Jan 10, 2010 6:27pm Jan 10, 2010 6:27pm
If we do gap up I could see price moving all the way to 1.4580.
  • #179,297
  • Jan 10, 2010 6:30pm Jan 10, 2010 6:30pm
Man, I love those charts, but I have to go into sleep mode now..

Hope there will be same volatility (back and forth) tomorrow..

Many pees for ya, Europien pip-busters

P.S By the way we are pushing 1.45 now not 1.42...
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #179,298
  • Jan 10, 2010 6:31pm Jan 10, 2010 6:31pm
Quoting redsheriff
Moreover - its Monday - liquidity is low today - Japan Markets are closed today - so I will not enter prior to London Session ...

And I never hold any positions over a week-end...

But this has been posted by many members before - was a good advice from them guys...

Can't be mentioned too much / often - as we have seen a lot of accounts beeing wiped out just because of that reason - that the things have been changed enormously after week-end...

Haha. Yes sir.

These are rules to live by.

I see the news still playing itself out from last Friday personally. I take all of this movement right now very lightly because the market hasn't revealed anything to me yet.

My chart looks like junk, in other words, it's another boring day!
  • #179,299
  • Jan 10, 2010 6:32pm Jan 10, 2010 6:32pm
http://4.bp.blogspot.com/_yUazX16-In...10jan2010b.gif

Momentum Indicator: Very Bullish
E-wave Patten: Probable of Wave 3 of 2 Impulsive pattern
Strategy: It is ok to long/buy
  • #179,300
  • Jan 10, 2010 6:33pm Jan 10, 2010 6:33pm
Quoting Revone
If we do gap up I could see price moving all the way to 1.4580.
Gaps really are rare in forex. I've found that when people on this forum talk about gaps it is because they have brokers that don't let them trade the early hours on Sunday
1,468 traders viewing now