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EURUSD

  • #189,441
  • Feb 3, 2010 10:30pm Feb 3, 2010 10:30pm
Quoting Clouds
EUR/USD is just toast, it finished going up to test SMA's
Now get ready for biggest monthly bearish candle ever
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not today clouds, but tomorrow I think will be the case at hand after NFP comes out
  • #189,442
  • Feb 3, 2010 10:34pm Feb 3, 2010 10:34pm
Quoting 2+2=4ex
I also have a long position on USD/CHF. Takin' some off the EU table to stash and give a little more room for a possible news whip.
I am thinking of doing the same thing, just in case things get against my predictions
  • #189,443
  • Feb 3, 2010 10:35pm Feb 3, 2010 10:35pm
Quoting Clouds
my stop 3905
Maybe I'll adjust that one
  • #189,444
  • Feb 3, 2010 10:39pm Feb 3, 2010 10:39pm
I see next support more like 3750 maybe 3805ish for a bit first.

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  • #189,445
  • Feb 3, 2010 10:41pm Feb 3, 2010 10:41pm
Quoting kilalik
I am thinking of doing the same thing, just in case things get against my predictions
Well, an eu short and uc long are negatively correlated so it is double good or double bad, not hedged. I was just explaining why I was taking half my eu short out of play. I don't want to be exposed so much when news starts rolling in. If you are looking to hedge then place both long or both short. Better long because of swap fees (if applicable) and eu's smaller spread against the trend.
  • #189,446
  • Feb 3, 2010 10:44pm Feb 3, 2010 10:44pm
Quoting 2+2=4ex
Well, an eu short and uc long are negatively correlated so it is double good or double bad, not hedged. I was just explaining why I was taking half my eu short out of play. I don't want to be exposed so much when news starts rolling in. If you are looking to hedge then place both long or both short. Better long because of swap fees (if applicable) and eu's smaller spread against the trend.
I know I just realized that, i mean to say either both short or both long to hedge
  • #189,447
  • Feb 3, 2010 10:46pm Feb 3, 2010 10:46pm
Quoting kilalik
My prediction for the EU session then US, from USD perspective:

During Europe the USD will lose some ground to touch the upper TL of 4h around 1.4000 then it will start it's drop to 1.3850 by through Asian time, same type of movement will apply to GBP and AUD, unless GBP or EUR will adjust the Intrest Rate, which is very unlikely to happen...
I changed my stance on this, after going over more, I think bears will be the case during Europe and US then Asian will see reconciliation period.
  • #189,448
  • Feb 3, 2010 10:49pm Feb 3, 2010 10:49pm
Quoting kilalik
I know I just realized that, i mean to say either both short or both long to hedge
I wouldn't hedge 1:1, if at all. It's looking very likely that we will see 1.37xx on eu by early next week if not this week. Probably best to not hedge at all and maybe just play a smaller position in one direction. That's what I would personally do. It's actually what I am doing.
  • #189,449
  • Feb 3, 2010 10:56pm Feb 3, 2010 10:56pm
Quoting 2+2=4ex
I wouldn't hedge 1:1, if at all. It's looking very likely that we will see 1.37xx on eu by early next week if not this week. Probably best to not hedge at all and maybe just play a smaller position in one direction. That's what I would personally do. It's actually what I am doing.
Ya i am gonna just do that gonna short A/U E/U G/U
  • #189,450
  • Feb 3, 2010 10:58pm Feb 3, 2010 10:58pm
Quoting kilalik
Ya i am gonna just do that gonna short A/U E/U G/U
Right there with you, best of luck to both of us.
  • #189,451
  • Edited Feb 4, 2010 12:05am Feb 3, 2010 10:59pm | Edited Feb 4, 2010 12:05am
Rallies within the channel should be sold targeting 1.37



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Some drink at the fountain of knowledge. Others just gargle !
  • #189,452
  • Edited 11:21pm Feb 3, 2010 11:10pm | Edited 11:21pm
Rallies continued with downward pressure but price may take a flat correction above 1.3864 & expecting some up movement before further down.watching how it acts .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #189,453
  • Feb 3, 2010 11:24pm Feb 3, 2010 11:24pm
Watch for a move past 3891, if so then look for 3931 to 3937 possibly more before down.
  • #189,454
  • Feb 3, 2010 11:26pm Feb 3, 2010 11:26pm
For any fresh short expecting price to be around 38.2 Fibo as in chart. Can see some divergence too.
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  • #189,455
  • Feb 3, 2010 11:26pm Feb 3, 2010 11:26pm
Quoting fontu
Rallies continued with downward pressure but price may take a flat correction above 1.3864 & expecting some up movement before further down.watching how it acts .
fontu

Time to start seeing it down?
  • #189,456
  • Feb 3, 2010 11:28pm Feb 3, 2010 11:28pm
Quoting 2+2=4ex
Right there with you, best of luck to both of us.
More i look at 4h chart on A,E,G/U. I'm thinking that it will go up before it goes down... So i'm still out of trades for now to see if this recent up movement is not going to be the theme for European session til at least 2 am PST...
  • #189,457
  • Feb 3, 2010 11:29pm Feb 3, 2010 11:29pm
ahh just close all my shorts minutes ago... just feel uneasy abt the price movement...better to cash out rather than to see profits in the bushes...

clear up my head... look at the chart.. if good to make money i'm in.. if good to make trades i'm out!
Be a sniper not a jumper
  • #189,458
  • Feb 3, 2010 11:32pm Feb 3, 2010 11:32pm
Too late to call?
  • #189,459
  • Feb 3, 2010 11:34pm Feb 3, 2010 11:34pm
Quoting sierra
ahh just close all my shorts minutes ago... just feel uneasy abt the price movement...better to cash out rather than to see profits in the bushes...

clear up my head... look at the chart.. if good to make money i'm in.. if good to make trades i'm out!
lol. Wise choice.. Now if the market moves more south, don't feel anything, and don't open trades until u get a good position to short again... That happens often...(with me)
Shorted A/U only for now, cuz it doesn't move as much as E/U or G/U, for 1 reason i rather take smaller wins or losses than big ones at PA like this. Shorted at 8800
  • #189,460
  • Feb 3, 2010 11:34pm Feb 3, 2010 11:34pm
Is that a possible "Reverse Head and Shoulder" formation on the 10 minutes chart if EUR/USD closes around 1.3890?

Can somebody confirm please?

Edit: Nevermind. I think RH&S failed with that long bearish candle.
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