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  • #194,001
  • Feb 11, 2010 2:12am Feb 11, 2010 2:12am
A few minutes ago...bit of a triangle. What do you guys think? Could go back up to 1.38...but doesn't appear to have enough oomph.
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  • #194,002
  • Feb 11, 2010 2:14am Feb 11, 2010 2:14am
Then will turn on my trailing stop of 250pips (25pips)



Good luck guys
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  • #194,003
  • Feb 11, 2010 2:15am Feb 11, 2010 2:15am
Quoting fxpipper
A few minutes ago...bit of a triangle. What do you guys think? Could go back up to 1.38...but doesn't appear to have enough oomph.
i dont see it.. if you start your tl earlier it looks like it already broke south..
those who can, do. those who cant, talk about those who can
  • #194,004
  • Feb 11, 2010 2:17am Feb 11, 2010 2:17am
Quoting 4exJunki
Big news at 9h30 GMT.
Which news is that?
  • #194,005
  • Feb 11, 2010 2:18am Feb 11, 2010 2:18am
Quoting gatorinla
i dont see it.. if you start your tl earlier it looks like it already broke south..
Broke but didn't close...it keeps bouncing off and upward, but keeps getting pulled down again. Looks like it's ready to break for good any minute now.
  • #194,006
  • Feb 11, 2010 2:21am Feb 11, 2010 2:21am
Big Ben hinting discount rate hike, funds futures fall, still not much USD strength. Seems like crowded trade - going long eur at 1.3850.
  • #194,007
  • Feb 11, 2010 2:22am Feb 11, 2010 2:22am
Quoting fxpipper
Broke but didn't close...it keeps bouncing off and upward, but keeps getting pulled down again. Looks like it's ready to break for good any minute now.
Look further to the left. Trendline of the ascension broke. Even further to the left, the steeper trendline was broken. Now we've got a channel heading to the south. Question now is...will it hold?
  • #194,008
  • Feb 11, 2010 2:23am Feb 11, 2010 2:23am
EURO-DOLLAR: Noticeable that traders now seem to be brushing off the
drip-drip source reports coming out of Brussels, and now seem to be
waiting for an official statement of EU plans for Greece. Euro-dollar
trading steady around $1.3775.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #194,009
  • Feb 11, 2010 2:24am Feb 11, 2010 2:24am
Quoting Gary Deduke
Big Ben hinting discount rate hike, funds futures fall, still not much USD strength. Seems like crowded trade - going long eur at 1.3850.
..i could long it at 372 yesterday NY....japan bank holiday today?

mmm..let see what happen
  • #194,010
  • Feb 11, 2010 2:26am Feb 11, 2010 2:26am
Quoting PriceVolume
Look further to the left. Trendline of the ascension broke. Even further to the left, the steeper trendline was broken. Now we've got a channel heading to the south. Question now is...will it hold?
Oh I know about that...I was referring to the current downtrend which is moving very slowly...just waiting for a decisive break.

EDIT - looks like it just happened!
  • #194,011
  • Feb 11, 2010 2:29am Feb 11, 2010 2:29am
Support turned resistance still holding at 1.3850, so too early to call an inflection. Still, Big Ben couldn't lift the dollar tells me its a crowded short trade.

Yep, Tokyo closed today - other Asia markets all up tho.
  • #194,012
  • Feb 11, 2010 2:33am Feb 11, 2010 2:33am
BRUSSELS (Dow Jones)--A summit of European Union leaders due to start Thursday morning was delayed due to harsh winter weather in Brussels.
The meeting is expected to dwell on Greece's debt problems, which have spooked financial markets and led to concerns about the euro.
The meeting, in a stately library in Brussels, was due to start at 0830 GMT, but has been delayed until 1100 GMT, according to the European Council, the forum where the EU's 27 national governments meet in Brussels.
While the summit is delayed, some EU leaders, including Greek Prime Minister George Papandreou, are expected to hold smaller meetings with a few of their EU peers.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #194,013
  • Feb 11, 2010 2:38am Feb 11, 2010 2:38am
Quoting Gary Deduke
Support turned resistance still holding at 1.3850, so too early to call an inflection. Still, Big Ben couldn't lift the dollar tells me its a crowded short trade.
It's would be a lot more crowded at 4150ish, if it got there, the only shorts left, are the die-hards
  • #194,014
  • Feb 11, 2010 2:41am Feb 11, 2010 2:41am
Quoting Clouds
It's would be a lot more crowded at 4150ish, if it got there
Man - I wish. Still got shorts running from December....I'm kicking myself now for not loading more than I did back then. Would be quite the loading zone. Though my target from the daily would be somewhere around 1.4000ish with resumption.
  • #194,015
  • Feb 11, 2010 2:43am Feb 11, 2010 2:43am
3733 + here we come
those who can, do. those who cant, talk about those who can
  • #194,016
  • Feb 11, 2010 2:43am Feb 11, 2010 2:43am
Quoting Trading Cat
BRUSSELS (Dow Jones)--A summit of European Union leaders due to start Thursday morning was delayed due to harsh winter weather in Brussels.
The meeting is expected to dwell on Greece's debt problems, which have spooked financial markets and led to concerns about the euro.
The meeting, in a stately library in Brussels, was due to start at 0830 GMT, but has been delayed until 1100 GMT, according to the European Council, the forum where the EU's 27 national governments meet in Brussels.
While the summit is delayed, some EU leaders, including Greek...
this just reeks coordinated action/announcements
little meetings in preparation for the big one
sls need to be tighter than usual today
high probability of breakouts from narrow ranges for eu session
  • #194,017
  • Feb 11, 2010 2:47am Feb 11, 2010 2:47am
EUR/AUD: The market has retraced sharply in early trade on Thursday, with the cross collapsing in a matter of hours all the way back to the 78.6% fib retrace off of the recent 1.5415-1.5955 move. However, any additional setbacks from here are seen limited, with our core bias favoring the formation of a major base at current levels, given the overextended longer-term cyclicals. As such, we are looking to take advantage of these sharp pullbacks in anticipation of the decline being very short-lived and potentially the last shot to establish a very compelling position so close to what could be a long-term low at 1.5415. POSITION: LONG @1.5525 FOR AN OPEN OBJECTIVE; STOP 1.5325. POSITION SIZE IS 3X TOTAL EQUITY.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
Trade What You See and Not What You Think
  • #194,018
  • Feb 11, 2010 2:47am Feb 11, 2010 2:47am
hope everything is okay
  • #194,019
  • Feb 11, 2010 2:50am Feb 11, 2010 2:50am
EURx and USDx Weekly charts.
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  • #194,020
  • Feb 11, 2010 2:52am Feb 11, 2010 2:52am
Looks like it will take the whole day to get to 1.3740 -20 . Hope the press conf. After eu economic summit will bring some force in.
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