Attachments: EURUSD

EURUSD

#181,041
Jan 14, 2010 9:05am Jan 14, 2010 9:05am

Munal
| Joined Jul 2009 | Status: Trader | 1,075 Posts

Placed one buy limit as per ........ Any one on this trade........

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#181,042
Jan 14, 2010 9:09am Jan 14, 2010 9:09am

Trading Cat
Joined Oct 2008 | Status: Trader | 3,473 Posts

MNI EURO-DOLLAR TECHS: Pausing For Breath After Fibonacci Level Hit
RES 4: $1.4790/10 61.8% retracement and November lows
RES 3: $1.4669/80 Former bear-flag base, 55&100-DMA, 50% of Dec decline
RES 2: $1.4572/80 38.2% retracement of Dec decline, High 13 Jan
RES 1: $1.4541 Hourly resistance line from 13 Jan
CURRENT LEVEL: $1.4483
SUP 1: $1.4458 Low 13 Jan
SUP 2: $1.4377 21-day moving average
SUP 3: $1.4279 200-Day moving average, Support line from 22 Dec
SUP 4: $1.4218 Low 22 Dec
COMMENTARY: Euro is pausing for breath following recent test of $1.4572
Fibonacci level -- 38.2% retracement of Dec decline, with price action
testing the 5-day moving average at $1.4479. However, upside risks
still prevail given bull-divergence signals on daily studies and recent
bull-cross of 5 & 21-DMAs. Overall outlook constructive above 200DMA.

Provided by: Market News International

Trade on your own risk Plan your trade&trade your plan dont be a

#181,043
Jan 14, 2010 9:12am Jan 14, 2010 9:12am

psiholog
Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts

Quoting psiholog

Disliked

We are range bound between 1.4465(previous strong resistance) and 1.4550. The one attempt to break higher today failed miserably. While on the daily charts we may have a bear flag in the making, on the hourly chart nothing is certain until that range is broken. Only 2 ways to trade this range.
1)buy at the low or sell at the high.
2) wait for breakout of range and join whichever direction the trend broke
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Ignored

And so the range continues. I however am not buying lows, only selling highs. At the moment...as the low of the range was hit but in a tight descending channel, its hard to say where we are headed next.

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Different opinions highly valued, ignorant to slander.

#181,044
Jan 14, 2010 9:12am Jan 14, 2010 9:12am

Trading Cat
Joined Oct 2008 | Status: Trader | 3,473 Posts

EURO-DOLLAR: Low print was at $1.4463 on the last dip lower that was
seen just ahead of the option expiry hour, perhaps some light stops
flushed under 41.4470 but the pair pulling up around the $1.4450/60 area
that has provided a base for the euro in recent days as traders continue
to opine on a $1.4450/1.4550ish trading zone for the euro. Stops in
place under that recent low print, said layered to $1.4440 with chatter
suggesting recent flows fairly unimpressive. Euro last at $1.4482.

Provided by: Market News International

Trade on your own risk Plan your trade&trade your plan dont be a

#181,045
Jan 14, 2010 9:15am Jan 14, 2010 9:15am

nawafasad1
Joined May 2009 | Status: Trader | 2,162 Posts

Quoting Munal

Disliked

Placed one buy limit as per ........ Any one on this trade........

Ignored

yes its a trade on good luck

#181,046
Jan 14, 2010 9:18am Jan 14, 2010 9:18am

jaboo
| Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts

Quoting jaboo

Disliked

if it .4461 shows hesitation i'll pull long. if it blows through that i'll hold my short.

Ignored

wasnt at my comp :*(

pulling long now.

SL .4450 PT .4532

#181,047
Jan 14, 2010 9:26am Jan 14, 2010 9:26am

SkyzerFX
| Commercial User | Joined Jul 2009 | 5,375 Posts

Easy Long here at S1 Why? Because all other currencies

are rocking against the Dollar except the EURO.

EURO currently weakest on the board

Downside from S1 almost NONE.

Viewer Discretion Advised: Shall we shag now or should we shag later? :-)

#181,048
Jan 14, 2010 9:26am Jan 14, 2010 9:26am

Blacknightz
| Joined Jan 2010 | Status: Trader | 517 Posts

this 1.44870 support line... but now acting as a resistance line seems to be a tough line to break through...

has touched twice but failed to break thru... hope it breaks soon, so at least it will give a clearer picture for anyone waiting to long...

#181,049
Jan 14, 2010 9:27am Jan 14, 2010 9:27am

freedom48
| Joined Sep 2009 | Status: Trader | 1,621 Posts

I am in matrix loosed..I am in long position still the US data and believe this is a downtrend cuz trichet wants stronger dollar..

this is bearshit..

want only 1.4500 and get out to take rest

" Accepting losses is the most important single investment devise "

#181,050
Jan 14, 2010 9:30am Jan 14, 2010 9:30am

SkyzerFX
| Commercial User | Joined Jul 2009 | 5,375 Posts

Quoting Blacknightz

Disliked

this 1.44870 support line....

Ignored

Is that some mini-support you are talking about? Cause S1 is at

1.4470

Viewer Discretion Advised: Shall we shag now or should we shag later? :-)

#181,051
Jan 14, 2010 9:33am Jan 14, 2010 9:33am

freedom48
| Joined Sep 2009 | Status: Trader | 1,621 Posts

Quoting SkyzerFX

Disliked

Is that some mini-support you are talking about? Cause S1 is at

1.4470

Ignored

yes we have a 1.4570 support buttttt cuz the weaken Euro it scars me

" Accepting losses is the most important single investment devise "

#181,052
Jan 14, 2010 9:39am Jan 14, 2010 9:39am

Blacknightz
| Joined Jan 2010 | Status: Trader | 517 Posts

Quoting SkyzerFX

Disliked

Is that some mini-support you are talking about? Cause S1 is at

1.4470

Ignored

ur s1 is based on?

mine is from actionforex...

#181,053
Jan 14, 2010 9:39am Jan 14, 2010 9:39am

maurofx
Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts

Quoting SkyzerFX

Disliked

Is that some mini-support you are talking about? Cause S1 is at

1.4470

Ignored

It's the price larea that corresponds to the 100 MA. It's been acting as a mini resistance on the topside.

#181,054
Jan 14, 2010 9:40am Jan 14, 2010 9:40am

psiholog
Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts

Quoting SkyzerFX

Disliked

Easy Long here at S1 Why? Because all other currencies

are rocking against the Dollar except the EURO.

EURO currently weakest on the board

Downside from S1 almost NONE.

Ignored

Tough argument there. PA is still acting as it did in December with what appears as low volume (or possibly hidden iceberg orders for the next great trend) and correlations between pairs, commodities and the equity markets is rocky at best. Note that we have been range bound for the past few days for the 4 majors versus the dollar. The only exception is the Gbp/Usd pair but only because it has been ranging for much much longer (USD/JPY is never worth mentioning as it has a mind of its own). So back to my first comment, it may not be so easy after all, even though we can all clearly see heavy support in this area. Then again, break outs are unexpected and so sudden, as Jay always used to say, always hold on to your hat (stop loss in place and patience in check). Just my 2 cents...

Different opinions highly valued, ignorant to slander.

#181,055
Jan 14, 2010 9:46am Jan 14, 2010 9:46am

Rabax
Joined Nov 2006 | Status: Trader | 451 Posts

OH COME ON, WE ARE 20 PIPS LOWER THAN 1,4500, that a whole 0,014 % lower!! (and that's rounded UP).

So what, you trade 1000:1 leverage, that you are so worried?!? Even if you overtrade with 100:1 or 50:1 which is the max offered by some retail brokers (depending on capital of client), you have not lost much if you entered around 1,4500.

So there is nothing to whine about yet.

If you feel you should get out, then get out of the trade. But if you trade, then you make you plan before the trade and THEN LET IT GO! You have your SL, TP and entry and that's it. If you can't handle it, then close the trades, take the week off and that's it...

Greed and impatience are our greatest enemies.