EURUSD

almost took out my SL wtf

well, looks like 1.3960 is coming our way...stay tuned.
if breached next stop 1.4060 or if rejected 1.3860 again..
Once again: just my opinion.

my trade levels


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Volume Trading Guide

She probably trades mostly Yen, hehehe. She must of had a good trading day since she was smiling haha.

mine too... what was the low price? cause my charts tell me 1.3908 but my support line was 1.3910 and i'm still in the game?

mine was 1.3910 as well but the line is showed to have stopped at 1.39105 lol

Ranging zone

oooppss, sorry it's just a furry bull

Not sure if anyone has posted a gold chart today (see mine below), of course what i am looking at is pretty simple, it came pretty close to a daily TL so prehaps bounced off it? notice also the upper TL (to me this is the highest we may see gold go at least in the ST), if we see another attack of the supporting TL it may break which should lead to more downward pressure on e/u.

Also, regarding US equities, SP/dow had big days today, both retested the area of consolidation from the last break out. Although the SP500 did close below its 100 day MA the dow did not, in this case I think both were just retesting from the break out.

I'm looking at a couple of possiblities going into the rest of the week for this pair (see e/u 4hr chart below gold chart). If we manage to break the first upper yellow TL on my chart we could start the move towards the orange TL, of course there is a weekly PP, weekly R1 and monthly PP which will provide problems for any bulls. A move down could occur at any time I feel b/c it is the path of least resistance but a move up to begin the month shouldn't be unexpected, however we could see a move up to anywhere in the 4100-4200 area before the continuation of this downtrend. I find that on all charts price typically likes to touch off on the 4ema before resuming any current direction and this area would be perfect for a good r/r on this monthly chart. Time will tell. Currently neutral this pair, will do some more work this afternoon before making a decision on a trade. Likely will be a limit short, but could look for a good entry for a long with a tight SL.

phew

...i have been expecting all day?

hapipipin?

The question now is, whether or not its slowly crawling down to it only 10 pips away...

Looks like some hedgie started too early at 5:35.

Anything is possible.....for me though, I want to see it under 3900 before I'm interested

EURUSD, Weekly, 2010 February 02

50% Fib has been reached.

looks like we are beginning the retrace from the move today. will it be a small correction from today or another leg down? the nikkei futures are trading higher, which is showing an appetite for risk, which will weaken the dollar. while, the EUR isnt as affected by this as AUD or NZD, it still moves slower in correlation. also, i think if the AUD rates go up, as anticipated, this should weaken the dollar across the board and continue the risky asset appetite. obviously, IMO...

because at that time i will have sl at be!

really rough day here... all became better the moment i REALLY accepted that i could loose that trade... and now... maybe i won't!

hapipipin

It looks to me as price is testing this line to go further up.

"continuation of this downtrend" It's over dude, forget about it.

Just look DOW, if it drops below 10000 still , then it's

probably possible, otherwise Dollar is toast from here. Downtrend my A$$.

Stories changing on the fly:

"2312 GMT [Dow Jones] EUR, AUD likely to strengthen vs USD and JPY in Asia as much stronger-than-expected U.S. ISM data overnight
fuel risk appetite, though such sentiment won't last for long, says Tokyo Forex and Ueda Harlow senior dealer Masanobu Ishikawa.
"Risk appetite is better today, but such sentiment won't last long because you have the lingering Greece fiscal issue."
Says this latest EUR gains could be position adjustment as investors have accumulated EUR-shorts at fast pace over recent weeks.
Adds main focus of day is RBA's rate announcement later with 25 bps hike expected though some market watchers say a no-change decision
can't be ruled out. Tips USD/JPY in 90.10-91.50 vs last 90.70; EUR/USD in 1.3880-1.3980 band vs last 1.3934;
EUR/JPY in 125.80-126.80 range vs last 126.39; AUD/JPY in 80.80-81.40 range vs last 80.93; AUD/USD in 0.8870-0.8970 range vs last 0.8922.(TMO) "

what's that line, Red?