EURUSD | Page 9762 | 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

  • #195,221
  • Feb 12, 2010 10:08am Feb 12, 2010 10:08am
Any decent indicator can tell you, MACD, RSI, etc.

Even a EMA (64ish) on the Daily can show you how far price deviates. The longer the deviation persists, the greater the likely hood of a pull back as sellers cannot find buyers.

Plus, they've been screaming about it on CNBC for over a week....
Capital Preservation is key to long term wealth accumulation
  • #195,222
  • Feb 12, 2010 10:08am Feb 12, 2010 10:08am
Quoting esemes
Hi
Dear Experts and pals kindly guide me regarding My EuroUsd Trade which is...
I have position of long at 1.3987.........
Kindly tell me when this pair EUROUSD will reach the digit of 1.3987....
Or whats the last support of EuroUsd???
Or i have to Exit the trade???

Really i'm worried ....

Regards:

wow really? if you have sat on a +400 pip loss then your profit target must have been massive and you must of had some compelling reasons to stay in during such a freefall..

will you share your profit target and holding logic?

as for your trade there is no obvious and immediate upside to the euro that is going to drag straight back to BE for you, so unless you know something I don't I would consider choosing a new exit strategy that is going to limit further loss....
  • #195,223
  • Feb 12, 2010 10:09am Feb 12, 2010 10:09am
Now it's time to go down
{Promotion Removed}
  • #195,224
  • Feb 12, 2010 10:10am Feb 12, 2010 10:10am
Quoting gatorinla
as long as china has currency peged.. euro will continue to go down.. and as long as it happens euro will lose industry (manufacturing).. the 3 things needed for a strong currency the wont have.. they dont have commoditys. their banking is shaky.. and lose of industy... so...
Great summary and analysis

Anyone think Eurusd at around 1.00 in 12 months possible?
  • #195,225
  • Feb 12, 2010 10:10am Feb 12, 2010 10:10am
Quoting MuddBuddha
Any decent indicator can tell you, MACD, RSI, etc.

Even a EMA (64ish) on the Daily can show you how far price deviates. The longer the deviation persists, the greater the likely hood of a pull back as sellers cannot find buyers.

Plus, they've been screaming about it on CNBC for over a week....
Cool,, Thank you for your help, I will look at those
  • #195,226
  • Feb 12, 2010 10:11am Feb 12, 2010 10:11am
Quoting MuddBuddha
Any decent indicator can tell you, MACD, RSI, etc.

Even a EMA (64ish) on the Daily can show you how far price deviates. The longer the deviation persists, the greater the likely hood of a pull back as sellers cannot find buyers.

Plus, they've been screaming about it on CNBC for over a week....
But.. but.. USD is just about to get legs, with the other currencies/ and gold. So yeah, Euro down to 1.24 this month
  • #195,227
  • Feb 12, 2010 10:13am Feb 12, 2010 10:13am
Long at 1.3620, SL at 1.3560, Exit at 1.3696. Thinking this Friday afternoon will be much like last week with a lot of afternoon short covering. Long weekend, Greece bailout announcement Tuesday....
"If it was good enough for Gann, it's good enough for me..."
  • #195,228
  • Feb 12, 2010 10:14am Feb 12, 2010 10:14am
Quoting Clouds
But.. but.. USD is just about to get legs, with the other currencies. So yeah, Euro down to 1.24 this month
I think 1,27. But not this month, maybe next march or april.
  • #195,229
  • Feb 12, 2010 10:15am Feb 12, 2010 10:15am
Quoting forexer101
and you still survive? did you hedge that long anyway?

i'm an amateur, but i do know that going back to 1.3987 is a really+very long shot. if you insist on holding the position, then try hedging.
Dear Really that was My mistake of holding that position.... But please guide me where it can touch Maximum and at that point i could out the position.... i am not hedging the position... i cant manage hedge
  • #195,230
  • Feb 12, 2010 10:15am Feb 12, 2010 10:15am
Quoting Clouds
Yes. If traders take positions thinking they are only gonna get a huge retracement to wipe out their short position, they'll always be looking for a bottom.

Retracements were far and few between last July., and I'm sure many other historical times

Anyway,
What do you call 3545 -> 3635? It seems like a good enough retracement to me.
I gotta admit, that is one of the guttiest statements I've heard on FF....other than the 1,000 pip a week kids.

And it's not just about traders. There are several more entity's moving currencies than the handful of speculators that we believe moves this market.

From my crudely and quickly thrown together chart:

EVERY TREND HAS TO HAVE PULLBACKS IN ORDER TO SUSTAIN ITSELF.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Feb. 12 13.11.gif Size: 16 KB
Capital Preservation is key to long term wealth accumulation
  • #195,231
  • Feb 12, 2010 10:17am Feb 12, 2010 10:17am
Quoting SkyzerFX
For Dollar?
ok i will bite..dont talk just think.. lets say usd goes to fire starter.. then china will be cheaper.. all the indusrial world will not be able to compete. so they sell nothing..industy in ez shuts down because u.s. and china make everything cheaper. at the same time europes #1 consumer can not buy europes products because they are too high.. tada!!!
those who can, do. those who cant, talk about those who can
  • #195,232
  • Feb 12, 2010 10:18am Feb 12, 2010 10:18am
Quoting MuddBuddha
Experts is a strong word.

No one has admitted to having a PHD in economics yet.

Trading currencies is more a game of probabilities based on weighing factors.

I have a small cage if you want to swing by and pick it up. I believe it even has a 5" flatscreen tuned to Animal Planet.
LOL! Actually, I think a PhD in Statistics is more useful when it comes to trading!
  • #195,233
  • Feb 12, 2010 10:19am Feb 12, 2010 10:19am
Quoting MaxDoom
now is not the time for shorting, even if it has finished retracement , which it has not, it is not going to get any new push lower until after the weekend now
GBP/USD, AUD/USD and EUR/GBP must fall a little, so E/U must fall at least to 1.3600.
  • #195,234
  • Feb 12, 2010 10:20am Feb 12, 2010 10:20am
Indicators won't lie always.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 27 KB
  • #195,235
  • Feb 12, 2010 10:21am Feb 12, 2010 10:21am
Quoting Clouds
But.. but.. USD is just about to get legs, with the other currencies/ and gold. So yeah, Euro down to 1.24 this month
God....you're killin' me!

I'd like to see it. Our economics don't justify it whatsoever.

In 2005, everyone was calling the U.S. economy a "Freight train that couldn't be stopped."

That party was crashed very soon thereafter.

Crystal balls are best left to carnie fortune tellers.
Capital Preservation is key to long term wealth accumulation
  • #195,236
  • Feb 12, 2010 10:21am Feb 12, 2010 10:21am
Quoting PriceVolume
LOL! Actually, I think a PhD in Statistics is more useful when it comes to trading!
I stand corrected....
Capital Preservation is key to long term wealth accumulation
  • #195,237
  • Feb 12, 2010 10:22am Feb 12, 2010 10:22am
Quoting MuddBuddha
I gotta admit, that is one of the guttiest statements I've heard on FF....other than the 1,000 pip a week kids.

And it's not just about traders. There are several more entity's moving currencies than the handful of speculators that we believe moves this market.

From my crudely and quickly thrown together chart:

EVERY TREND HAS TO HAVE PULLBACKS IN ORDER TO SUSTAIN ITSELF.

What is the coinciding number for the channel's upside, on the chart?
  • #195,238
  • Feb 12, 2010 10:24am Feb 12, 2010 10:24am
Quoting esemes
Dear Really that was My mistake of holding that position.... But please guide me where it can touch Maximum and at that point i could out the position.... i am not hedging the position... i cant manage hedge
I think that that maximum was 40 pips ago, so an exit anytime now would be good.. but thats just my opinion...
  • #195,239
  • Feb 12, 2010 10:24am Feb 12, 2010 10:24am
Quoting Clouds
But.. but.. USD is just about to get legs, with the other currencies/ and gold. So yeah, Euro down to 1.24 this month
There will be pullbacks, without a doubt. We'll either reach 1.24, or not - but it won't happen in a straight drop. Best to wait for pullbacks to add to shorts, until the downtrend is invalidated.
  • #195,240
  • Feb 12, 2010 10:25am Feb 12, 2010 10:25am
Quoting preneur
What is the coinciding number for the channel's upside, on the chart?
Which channel, preneur?
Capital Preservation is key to long term wealth accumulation
1,842 traders viewing now