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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

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EURUSD

Quoting DMA Trader
where are all your friends ?
watch out if we drop now 10 pips.
they will be all over you lol
no we exploded .. eu just went up 1 pip lol
Blogging daily now at www.volume.zone
Quoting Clouds
Also, there's never been 2 bullish daily candles in a row with GU, since January.
i think gu is gone down much more than eur . with all the move down a lot of traders wouldnt think of buying they ll only sell pullbacks . or buy at a support . but to buy at a resistance is mad .
Quoting malcolmb14
Attachment 437754
but you have not got higher highs for you to say trend is up
Quoting simao
hello malcomb14,

eur is bullish until 3825 in my view i will short from there, than still waiting. what you see about VSA on eur?

Nothing has changed in my opinion .. still getting accumulaed 1.3900 to 1.4000 could be on the cards and could be there by this time next week

FOMC is Tuesday ...just one little word about ' long term rates will be held' and we see eu at 1.4000.

One thing about me I might be wrong on this one .. .but for now I will stick to what i see on the charts

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Blogging daily now at www.volume.zone
as to where the sellers are...

any way i still see an obstacle at 13702 -05...



Quoting malcolmb14
Attachment 437754
dreams do come true.
my view on daily chart
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If you count on hope in any trade ……. Get out of it
"With concerns over sovereign debt lingering in the background, the euro is likely to enjoy only a brief reprieve, as investors were hesitant to take big positions ahead of Friday's U.S. retail sales data, which are seen as a key indicator of the pace of the global recovery, said Jessica Hoversen, fixed-income and foreign exchange analyst at MF Global in Chicago."
Prices oscillate, trends persist. Trend is your friend.
Quoting nawafasad1
but you have not got higher highs for you to say trend is up

treu but last 20 hours mostly have been higher high s until we hit that resistance. Now if sellers were really interested at this point declines off this critical level would have been seen

I expect price may waffle around in a band 1.3680 to 1.3660 . This seems to be a critical s/r zone on the weelies form way back in 2007

Breaks do not often happen in Asia. If we see break out it will be London

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Blogging daily now at www.volume.zone
Buy dips when trend's been confirmed, not before. Confused.com
Prices oscillate, trends persist. Trend is your friend.
Quoting malcolmb14
Breaks do not often happen in Asia.
That's true....but they are good ones when they do occur....I'm taking a short off this top just in case that happens......
Doing what you like is Freedom. Liking what you do is Happiness.
I am not an expert in EU, but if you look at different time frames you see both bullish and bearish modes. So we can always argue our way. But we should stick to our plan. If we lose, we lose with dignity and off course we learn....

Let me add some fun here. I took the 16th day of the last retracement ended on Jan15 in D1 chart. That day it began in bullish mode, but dropped 100+ pips. In this 2nd retracement today we are on the 16th day. So I am waiting for the 100 pips drop....lol...
Usually market does what almost nobody can predict or expect. What if it tanks from here? Neither all sellers at 1.37+ will be filled nor all longs that accumulated recently won't be able to take profits as they all expect 1.37+.
Quoting warta
George Soros today offers even more reasons to short the Euro in a “comment” in the Financial Times

Writing that Europe’s decision to not form a central Treasury leaves the Union without a means to address the solvency of Greece or any other state, Soros concludes “there is a real danger that Greece may not be able to extricate itself from its predicament whatever it does.” Soros advises issuing “Eurobonds” that would help bail out Greece, but he thinks instead...
See, the pundits usually talk their own book. Not George, he is buying and wants you on the other side of that trade.

Anyways, people who invest based on what they just read on times/bloomberg are nice. I like their money.
Quoting jsspmk
"With concerns over sovereign debt lingering in the background, the euro is likely to enjoy only a brief reprieve, as investors were hesitant to take big positions ahead of Friday's U.S. retail sales data, which are seen as a key indicator of the pace of the global recovery, said Jessica Hoversen, fixed-income and foreign exchange analyst at MF Global in Chicago."
Translated this means

"we at MF Global have no clue whats is going on and why euro is going up , so lets make up something that sounds plausible'

food for thought

If I was a large hedge fund and I already have a euro position from way higher BUT I want to add ... will I wait for the retrace to a higher level or will I sell off major support on the weekly and monthly ?

Sure Spain , Portugal or others may be doomed , but then so is the US and look at the stock market !!!! I doubt we head down before any form of retracement. This can be 500 pip to 1.4000 or higher as we saw in 2008 bottoms where it was 1500 pip if some form of good news comes out of Eurozone .. like Euro fed type bank formed to bail out all PIGGS with TARP like loans .

Just food for thought. Not saying this is going to happen .
Blogging daily now at www.volume.zone
If we go sideways, (13680, for instance) the TL that ruled this downer will be hit in 24 hours.

if it goes up to 1.37 on the next hour also we would be hitting it...

i really think that line will have some massive volume when hit. either for a break or for a meaningful downmove.

do you think that such a strong trend line can be broken on one strike?
dreams do come true.
i see a bullish flag pole on the 1hr chart!!, can anyone see that ? or is that correct?
Shorting here dont feel comfortable waiting any longer but will add more if/when we see 1.37+
I can see the Stochastic oversold and heading down in H1 chart
Quoting wannaberich
do you think that such a strong trend line can be broken on one strike?
I'm gonna say no, as that would harm my cash flow. It is therefore impossible.
Quoting JasonGuillen
I'm gonna say no, as that would harm my cash flow. It is therefore impossible.
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