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  • #201,521
  • Feb 23, 2010 9:38pm Feb 23, 2010 9:38pm
Quoting DMA Trader
ok now. what ?

1.354 area resistance or support ?
:nerd:
support
EUR/USD
  • #201,522
  • Feb 23, 2010 9:42pm Feb 23, 2010 9:42pm
Quoting DMA Trader
ok now. what ?

1.354 area resistance or support ?
:nerd:
Answer that for meand Id know whether to close my longs from 1.350,1.3520 or let em ride

my original target was 1.3555 and still is with sl moved up tight.
  • #201,523
  • Feb 23, 2010 9:44pm Feb 23, 2010 9:44pm
i think we are still on a bear trend, but i think march would be a consolidation month. We should get to 1.3590 1.3650 to hit 1.3480 new low. im ready to buy at 1.3450 -new low if i can and sell at 1.3590 or 1.3640 (depends on price action and 1.3590 small lot).
  • #201,524
  • Feb 23, 2010 9:47pm Feb 23, 2010 9:47pm
Quoting Azinvg
i think we are still on a bear trend, but i think march would be a consolidation month. We should get to 1.3590 1.3650 to hit 1.3480 new low. im ready to buy at 1.3450 -new low if i can and sell at 1.3590 or 1.3640 (depends on price action and 1.3590 small lot).
3% risk on my bankroll in any case
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  • #201,525
  • Feb 23, 2010 9:48pm Feb 23, 2010 9:48pm
Quoting Azinvg
3% risk on my bankroll in any case
that's a nice looking chart
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #201,526
  • Feb 23, 2010 9:49pm Feb 23, 2010 9:49pm
Quoting Azinvg
i think we are still on a bear trend, but i think march would be a consolidation month. We should get to 1.3590 1.3650 to hit 1.3480 new low. im ready to buy at 1.3450 -new low if i can and sell at 1.3590 or 1.3640 (depends on price action and 1.3590 small lot).

Totally agree,

I think we are setting up nicely to go higher in the USD which means this is just a step up for the EUR for the next leg down.

I see us getting to 1.3450 easy, the probably break down lower.

For now just have to watch the action in ASIA and then EUROPE ALSO.
  • #201,527
  • Feb 23, 2010 9:51pm Feb 23, 2010 9:51pm
Quoting Azinvg
3% risk on my bankroll in any case
WOW what a chart
  • #201,528
  • Feb 23, 2010 10:20pm Feb 23, 2010 10:20pm
Quoting Sooner
I don't see much support from here until we hit 1.3486 or so, are your charts telling you something different? Volume is low right now so if you are just looking at PA for support, then I believe what you are seeing is simply low volume.
I use my cyclinal indicators as support and resistance in other words you might not see it as I do. Lets see what happens. Thanks btw


support comes from a few days back.
  • #201,529
  • Feb 23, 2010 10:27pm Feb 23, 2010 10:27pm
Disregard the red line, it's just my alarm on that chart. The blue are S/R, aqua is mid s/r, the fib is off of yesterdays action as always. purple is dp and grey dotted is just the open price for gmt...

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  • #201,530
  • Feb 23, 2010 10:41pm Feb 23, 2010 10:41pm
The dollar fell against the euro, ending two days of gains, on speculation the Federal Reserve will hold interest rates near zero to support economic growth. Read more
  • #201,531
  • Feb 23, 2010 10:44pm Feb 23, 2010 10:44pm
I still long Euro and target is 1.4000 for sure. Euro look so oversold, and the risk appetite will be in the market soon, forget about Greece or anything like that.

I not surprise is Euro can move to 500pips in just one day.
  • #201,532
  • Feb 23, 2010 10:45pm Feb 23, 2010 10:45pm
Quoting forex888
I still long Euro and target is 1.4000 for sure. Euro look so oversold, and the risk appetite will be in the market soon, forget about Greece or anything like that.

I not surprise is Euro can move to 500pips in just one day.
Put in long orders, and don't come back here saying your account is demolished.
  • #201,533
  • Feb 23, 2010 10:52pm Feb 23, 2010 10:52pm
Quoting Nobitacu
"This week the market will go up!!! I'm Long!!!"
*drops 200 pips*

"This week the market will go up!!! Shorts are all crazy!!! We'll see 1.4200!!! Entered more Longs!!!"
*drops another 200 pips*

"This week the market will go up!!! More Longs!!!"
*drops another 100 pips*

...2 months of continued down move later...

"This week the market will go up!!!!"
*moves up 300 pips*

"I told you so!!!!!"

Well... keep calling Longs because sooner or later, you'll get it right, few weeks, months, or years, but you'll get it right one of the...
Pick any major ABCD move (C cannot surpass A). In theory CD leg can extend upto 1.618 FE but this have not yet happened. There are 2 critical reversal levels 127.2 FE and 1.618FE. Right now we are at 127.2. Build you own conclusions. See some examples.
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  • #201,534
  • Feb 23, 2010 10:58pm Feb 23, 2010 10:58pm
Quoting forex888
I still long Euro and target is 1.4000 for sure. Euro look so oversold, and the risk appetite will be in the market soon, forget about Greece or anything like that.

I not surprise is Euro can move to 500pips in just one day.
Have you ever looked at EU chart???

Only a few times in the history of the pair has it moved 500 pips in one day, not once in a counter trend direction.

C'mon man, you're better than that!
  • #201,535
  • Feb 23, 2010 11:01pm Feb 23, 2010 11:01pm
Quoting Nobitacu
"This week the market will go up!!! I'm Long!!!"
*drops 200 pips*

"This week the market will go up!!! Shorts are all crazy!!! We'll see 1.4200!!! Entered more Longs!!!"
*drops another 200 pips*

"This week the market will go up!!! More Longs!!!"
*drops another 100 pips*

...2 months of continued down move later...

"This week the market will go up!!!!"
*moves up 300 pips*

"I told you so!!!!!"


Bottom line, trust your own charts, otherwise, go put your money in your savings account, you'll have a better chance to make...
what about ppl calling the bottom on the dollar. saying short E/U at 1.46. 1,48, 1.5 1,51. when anyone else was calling the amero or the death of the dollar.. that is absurd. it really depends on the time frame you are trading.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #201,536
  • Feb 23, 2010 11:04pm Feb 23, 2010 11:04pm
Quoting TheLastCoke
Pick any major ABCD move (C cannot surpass A). In theory CD leg can extend upto 1.618 FE but this have not yet happened. There are 2 critical reversal levels 127.2 FE and 1.618FE. Right now we are at 127.2. Build you own conclusions. See some examples.
Yea, but how bout Europe?
  • #201,537
  • Feb 23, 2010 11:13pm Feb 23, 2010 11:13pm
In forex market, anything is possible.
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  • #201,538
  • Feb 23, 2010 11:15pm Feb 23, 2010 11:15pm
Ok this is probably the last time i say something like this.
I get annoyed on ppl trying to say bad things about others. Everyone has his trading system/plan. There are time frames and personality's.

What's the point of coming here and say. You stupid ppl this is a bear trend go short. or when EUR/USD was at 1.48 - quit shorting this thing is going to 2 or 2.5. It's a BULL trend.

There are scalpers, investors, traders with different accounts, time frames, experience. demo-live accounts.

I would like to see more respect here. It really depends on THE TIME FRAME you are trading. Now. Let me ask you a simple question.
Is this a bull trend or a bear trend on US dollar.

Thank you.
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #201,539
  • Feb 23, 2010 11:15pm Feb 23, 2010 11:15pm
Morning everybody. how everybody doing ?
Just thinking since morning after the horrible dream wake me up " suddenly gold 2000$ & eu 2 overnight .I have eu longs & so huge lottery ok, but still have gold shorts with big sl , seeing my account crying but not any bad shape.Huge tension comes in again & again as to the daily expenditure also to doubled/trippled but income certainly remain the same"

Fortunately nothing as such yet , if they possible ? will see when free.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #201,540
  • Feb 23, 2010 11:19pm Feb 23, 2010 11:19pm
I would like to see more respect here. It really depends on THE TIME FRAME you are trading. Now. Let me ask you a simple question.
Is this a bull trend or a bear trend on US dollar.

Thank you.[/quote]

Thats a bear trend in that timeframe.
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