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EURUSD

  • #197,401
  • Feb 17, 2010 12:26pm Feb 17, 2010 12:26pm
Went Long EURUSD @ 1.3629
In Charts We Trust!
  • #197,402
  • Feb 17, 2010 12:26pm Feb 17, 2010 12:26pm
Quoting fontu
What are you expecting see then please.
fontu
I like the picture that is painted now. We are seeing nice levels of S&R which is giving a better picture on trades which is better then what we have been seeing so far this week.
  • #197,403
  • Feb 17, 2010 12:29pm Feb 17, 2010 12:29pm
something does not smell right

200 pip move down eu to test 1.3600

gu clear buying on 60 min stopped it dead 2 hours back

gold 1120 test again after looking like it will fall away from it ....

I am long gu above 1.5730 in london / later if USD somehow gets talked down in fomc minutes

eu I am long above last weeks close 1.3635 , better even 1.3670

right not in any trades ....disclaimer

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Blogging daily now at www.volume.zone
  • #197,404
  • Feb 17, 2010 12:29pm Feb 17, 2010 12:29pm
Went short on USDCHF @ 1.0773

Double Edged Sword there eh?
In Charts We Trust!
  • #197,405
  • Feb 17, 2010 12:30pm Feb 17, 2010 12:30pm
Quoting psiholog
My bias fully agrees with you, however what the eyes see is entirely neutral. Until both the bias and the eyes are in full alignment, I am milking the Eur/Jpy short (shh don't tell anyone haha). Anyways, I see the Eur/Jpy going to possibly 122.50 (why mention it? because it is the Eur/Usd on steroids yet today the Eur/Usd is the leading pair ironically, the Eur/Jpy hasn't fully followed).
I haven't been trading the Yen for a while, i don't remember why? But looking at how E/J is following the E/U, which means JPY,USD,AUD,CAD are on the strong side of the equilibrium and EUR,GBP on weaker side, CHF neutral strength...
  • #197,406
  • Feb 17, 2010 12:30pm Feb 17, 2010 12:30pm
Quoting fontu
What are you expecting see then please.
fontu

I was thinking that eurusd have already moved much for the day. It already move 191 from the top to the current low today. am not sure if we will still see it below 1.3591 today. And it will be dangerous in my opinion to ride on this price to sell for the market may reverse or the price may falsely break this support level and get back up again. So be careful of the trap i think.

On the other hand, should the price retrace to 1.3700 at least there might be a good chance to enter at a better price compared to the price now.

That is what I see. We make money by selling at top and buying at bottoms.
The market will deceive you. Make your own judgement.
  • #197,407
  • Feb 17, 2010 12:30pm Feb 17, 2010 12:30pm
Quoting freedom48
I can't believe you are still shorting this pair..Amazing nerves
trade with my own charts..with the helps from u guys here too..hehe
must have the guts..willing to take the risk..if not..dun do this business..right?
I'm learning to trust my own charts..
  • #197,408
  • Feb 17, 2010 12:31pm Feb 17, 2010 12:31pm
Be careful FOMC at 1:00pm
In Charts We Trust!
  • #197,409
  • Feb 17, 2010 12:32pm Feb 17, 2010 12:32pm
I saw someone post or ask if this was a double bottom formation on 5m chart... the below picture says it all on how to determine this if you are currently looking at the 5m chart to go long. The "neckline" for the current 5m chart is 1.3635 if it breaks that then we could be on the way up. Until then be patient.. just my opinion...
Attached Image
  • #197,410
  • Feb 17, 2010 12:34pm Feb 17, 2010 12:34pm
Quoting gatorinla
had nothing to do with obama. it dropped as he talked. usdx hit double resistance. a tl and a fib.. thats where we stopped and a small retrace.
its all on the charts..
i know...i was being sarcastic as it seems to drop whenever he talks
hang on to your bread......unless you want toast
  • #197,411
  • Feb 17, 2010 12:35pm Feb 17, 2010 12:35pm
What gold making at the top ? a big diamond destroyed & a smaller one again ?
if it so at last then eu should not dare to up much near 1.370. bear continuation much evident fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #197,412
  • Feb 17, 2010 12:36pm Feb 17, 2010 12:36pm
dont be fooled by smaller time frames..
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those who can, do. those who cant, talk about those who can
  • #197,413
  • Feb 17, 2010 12:39pm Feb 17, 2010 12:39pm
Quoting Gld
thanks again gator....did you happen to notice that we were at 3690 when jobama started talking ? then we tanked....might have to incorporate this into strategy.
That's a good one man...it had the same effect as when Bernanke speaks. Intresting to take in mind!
  • #197,414
  • Feb 17, 2010 12:40pm Feb 17, 2010 12:40pm
Quoting Gld
i know...i was being sarcastic as it seems to drop whenever he talks
it was much lower in 2007. it will be much higher soon
those who can, do. those who cant, talk about those who can
  • #197,415
  • Feb 17, 2010 12:42pm Feb 17, 2010 12:42pm
Obama freaks me out. He talks too much. He should be like GW Bush and say something stoopid so that economist dont take him seriously!
  • #197,416
  • Feb 17, 2010 12:42pm Feb 17, 2010 12:42pm
Quoting gatorinla
dont be fooled by smaller time frames..
Yeah ,a big hammar in daily.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #197,417
  • Feb 17, 2010 12:43pm Feb 17, 2010 12:43pm
i guess this might give some explanation why euro tanked today

http://www.zerohedge.com/article/eur...eat-euro-italy
I SEE YOU !!
  • #197,418
  • Feb 17, 2010 12:45pm Feb 17, 2010 12:45pm
Quoting Code4Capital
IMO this gold crap right now is hype from the Soros crap, bunch of followers I swear.
I'll take off my diaper and take a pee on this statement anytime.

Gold is crap and dirty-hairy greenback is dahh king
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #197,419
  • Feb 17, 2010 12:45pm Feb 17, 2010 12:45pm
Well, I'm mentally tired so it's done for me... I had my best day since I began forex career, so I'll get something to eat, call my girl and relax a little.
Thanks to all of you for sharing your points of view, really learning a lot. See you in a couple of hours!!! Good luck and many many profits!!
  • #197,420
  • Feb 17, 2010 12:46pm Feb 17, 2010 12:46pm
i have never been this nervous to trade the eurusd after its dropped 180 pips before.

This PA is making nervous. I think we might test 1.3580 when the minutes are released. Otherwise we should be heading to 1.3650
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