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  • #208,781
  • Mar 9, 2010 3:17pm Mar 9, 2010 3:17pm
Still on track 207297
  • #208,782
  • Mar 9, 2010 3:22pm Mar 9, 2010 3:22pm
1.3620 could be explosive breakout north. Anyways, today strengthened my bull conviction. We slowly retested fridays 1.3529 and failed to break it. AUDJPY retested two of the big 50%s and seems headed north as well, good for EUR.
  • #208,783
  • Mar 9, 2010 3:23pm Mar 9, 2010 3:23pm
Tomorrow should be Green.

http://www.forexfactory.com/showpost...&postcount=143
  • #208,784
  • Mar 9, 2010 3:27pm Mar 9, 2010 3:27pm
I see stock markets since February managed to rally on stronger USD, so much for EUR/stocks correlation.
Prices oscillate, trends persist. Trend is your friend.
  • #208,785
  • Mar 9, 2010 3:29pm Mar 9, 2010 3:29pm
Quoting nvcK
1.3620 could be explosive breakout north. Anyways, today strengthened my bull conviction. We slowly retested fridays 1.3529 and failed to break it. AUDJPY retested two of the big 50%s and seems headed north as well, good for EUR.
Why would that be good for Eur?
  • #208,786
  • Mar 9, 2010 3:31pm Mar 9, 2010 3:31pm
Sweet spot for EUR corrective move is currently around mid 1.37s, testing upper Bollinger band on daily. It can of course collapse before doing so.
Prices oscillate, trends persist. Trend is your friend.
  • #208,787
  • Mar 9, 2010 3:34pm Mar 9, 2010 3:34pm
Quoting geribosi
Why would that be good for Eur?
A lot of things trades correlated along risky/less risky recovery/crisis lines. US stocks (SPY), Gold, Oil, EUR, AUD are on one side, USD and JPY on another. Not always but mostly. US Stocks follow EURJPY almost tick to tick because JPY is the carry currency of choice.
  • #208,788
  • Edited 4:15pm Mar 9, 2010 3:41pm | Edited 4:15pm
this thing might have a chance of reaching 1.37, which is the weekly 23.6% fibo level.

keep an eye on 1.3604, the low for last week. [edit] the low from Yesterday
  • #208,789
  • Mar 9, 2010 3:43pm Mar 9, 2010 3:43pm
Thanks never knew that learn something every day here.
I trade the EY if you look at a weekly or monthly chart it's hard to tell the difference between it and the EU. However for trading purposes I see a lot more retracing going on in short bursts than the EU..
Dean



Quoting nvcK
A lot of things trades correlated along risky/less risky recovery/crisis lines. US stocks (SPY), Gold, Oil, EUR, AUD are on one side, USD and JPY on another. Not always but mostly. US Stocks follow EURJPY almost tick to tick because JPY is the carry currency of choice.
  • #208,790
  • Mar 9, 2010 3:45pm Mar 9, 2010 3:45pm
I'm getting nervous with all those bull stories......
Don't be a hero. Don't have an ego. Always question yourself
  • #208,791
  • Mar 9, 2010 3:45pm Mar 9, 2010 3:45pm
I can see a symmetrical triangle pattern.
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"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #208,792
  • Mar 9, 2010 3:47pm Mar 9, 2010 3:47pm
Quoting USD-Bear
I'm getting nervous with all those bull stories......
A whole lot of bull.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #208,793
  • Mar 9, 2010 3:56pm Mar 9, 2010 3:56pm
"Many traders and investors get hung up on price and time targets. The reality of the situation is that nobody knows where and when the primary trend will end. The objective of Dow theory is to utilize what we do know, not to haphazardly guess about what we don't know. Through a set of guidelines, Dowtheory enables investors to identify the primary trend and invest accordingly. Trying to predict the length and the duration of the trend is an exercise in futility. Hamilton and Dow were mainly interested in catching the big moves of the primary trend. Success, according to Hamilton and Dow, is measured by the ability to identify the primary trend and stay with it."

"Investors often mistake a secondary move for the beginning of a new primary trend. How far does a secondary move have to go before the primary trend is affected? This issue will be addressed in Part 3 of this article, when we analyze the various signals based on Dow theory."

Dow Theory is a must read for all traders.

P.S. A lot of serious traders subscribe to Dow Theory as they do like the idea of beating the market, so this upside in Euro will be viewed as a reaction rally within a down trend.

Here is a link to the article that breaks it down nicely, a must read for all http://stockcharts.com/school/doku.p...sis:dow_theory
Prices oscillate, trends persist. Trend is your friend.
  • #208,794
  • Mar 9, 2010 3:59pm Mar 9, 2010 3:59pm
It is relative and what TF do you trade.

Will we see 1.3300 or 1.3800 first?
Will we see 1.3000 or 1.4000 first?
Will we see 1.2500 or 1.4500 first?
Will we see 1.5000 again?
Who are waiting to see Parity this Year?
or Can we see Parity in coming Years?

For now I am trading with weekly perspective and until I see a 1.3580 week close this will go up first.
  • #208,795
  • Mar 9, 2010 4:06pm Mar 9, 2010 4:06pm
Quoting jsspmk
[i]"Many traders and investors get hung up on price and time targets. The reality of the situation is that nobody knows where and when the primary trend will end. The objective of Dow theory is to utilize what we do know, not to haphazardly guess about what we don't know. Through a set of guidelines, Dowtheory enables investors to identify the primary trend and invest accordingly. Trying to predict the length and the duration of the trend is an exercise in futility. Hamilton and Dow were mainly interested in catching the big moves of the primary...

Dow Theory: "Trend Remains In Effect Until Clear Reversal Occurs."
"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #208,796
  • Mar 9, 2010 4:08pm Mar 9, 2010 4:08pm
bsr mon ami, the PA go's more up side to 3614 new high. you think 37 come soon maybe tomorrow, i am long from 3663. tu me conseil koi frere?
High risk High return!
  • #208,797
  • Mar 9, 2010 4:09pm Mar 9, 2010 4:09pm
Quoting 9000rpm
keep an eye on 1.3604, the low for last week.
I'd check my charts on that one. 1.3604 wasn't the low last week on my charts. It was more like 1.3435.
Every time you use 'hopium' in a post, God kills a kitten.
  • #208,798
  • Mar 9, 2010 4:13pm Mar 9, 2010 4:13pm
bulls dont get excited soon it ll be over
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  • #208,799
  • Edited 4:24pm Mar 9, 2010 4:14pm | Edited 4:24pm
Quoting profxtrader
I'd check my charts on that one. 1.3604 wasn't the low last week on my charts. It was more like 1.3435.

you're right, i meant from yesterday.
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  • #208,800
  • Mar 9, 2010 4:24pm Mar 9, 2010 4:24pm
Here you go.
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Every time you use 'hopium' in a post, God kills a kitten.
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