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  • #215,981
  • Mar 24, 2010 9:44pm Mar 24, 2010 9:44pm
Quoting Clouds
im expecting 3440 tonight
i'm expecting 3261
  • #215,982
  • Mar 24, 2010 9:45pm Mar 24, 2010 9:45pm
Quoting amyc
i'm expecting 3261

I think you could both be right but I'm leaning your way.
  • #215,983
  • Mar 24, 2010 9:48pm Mar 24, 2010 9:48pm
Quoting Clouds
im expecting 3440 tonight
Clouds really to rally 110 pips from here would mean putting a lot of real money on the Euro, which I just cant see. Even if it were all triggers I would think there are pleanty of sell orders above us to absorb.

3440 ???
+ Charts Happen
  • #215,984
  • Mar 24, 2010 9:57pm Mar 24, 2010 9:57pm
Quoting amyc
i'm expecting 3261
me too, after 3440
  • #215,985
  • Mar 24, 2010 9:59pm Mar 24, 2010 9:59pm
Quoting Passholder
Clouds really to rally 110 pips from here would mean putting a lot of real money on the Euro, which I just cant see. Even if it were all triggers I would think there are pleanty of sell orders above us to absorb.

3440 ???
it was in range for 45 days, i would think surely it would go back and test bottom of that range. it could go down 3110 area and then come back to 3440 as well. but i favor now.
  • #215,986
  • Mar 24, 2010 10:01pm Mar 24, 2010 10:01pm
Quoting Clouds
me too, after 3440
Well in that case Clouds, I'll short on the way up with you for sure. lol Either way we're going to 3260 soon. I just don't see us getting to R1 today? pound and swissy would have to break back through some good barriers imo too. If we break through gators number again convincingly..i think it was 31or 37 then I'll probably close and wait till the pivot or higher and then really I do hope we get to 3440.
  • #215,987
  • Edited 10:20pm Mar 24, 2010 10:02pm | Edited 10:20pm
Quoting Passholder
Clouds really to rally 110 pips from here would mean putting a lot of real money on the Euro, which I just cant see. Even if it were all triggers I would think there are pleanty of sell orders above us to absorb.

3440 ???
Lots of traders don't hold positions for months on end... This means they have to "take profit". When they take profit it acts as a "buy order" then pushing price up. As price goes up it hits sellers stop losses, and as those get hit they generate more "buy orders".

This is one of the many reasons retrace moves happen. Does this mean it will retrace? NO.
You may be right it may just swing down and keep going but 100-150 pips really is nothing big for a retrace so I also expect that 3430-40 level to get tested again.

Awesome week so far, hope you made $$$.

Edit: It looks possible for a shot down to 3250 area before the retrace. Time will tell.

Edit2: I posted that number above before reading some of the comments in here... It seems several people are thinking around 3260, this very well may be the price that brings in profit taking as we get closer to the end of the week.
  • #215,988
  • Mar 24, 2010 10:02pm Mar 24, 2010 10:02pm
Quoting Clouds
me too, after 3440
I'm leaning towards it moving the opposite to that, down to 3261 first then swinging back towards 3440 late Thursday or Friday.
  • #215,989
  • Mar 24, 2010 10:04pm Mar 24, 2010 10:04pm
Quoting Clouds
im expecting 3440 tonight
if we drop to 3319.5 .(before another high).. then a baby bear is born...target 3290 + slip... then poppa bear gets back in his chair.. the 21 posted earlier is s/r st..atm
those who can, do. those who cant, talk about those who can
  • #215,990
  • Mar 24, 2010 10:11pm Mar 24, 2010 10:11pm
Quoting gatorinla
if we drop to 3319.5 .(before another high).. then a baby bear is born...target 3290 + slip... then poppa bear gets back in his chair.. the 21 posted earlier is s/r st..atm

11:11
+ Charts Happen
  • #215,991
  • Mar 24, 2010 10:15pm Mar 24, 2010 10:15pm
Quoting gatorinla
if we drop to 3319.5 .(before another high).. then a baby bear is born...target 3290 + slip... then poppa bear gets back in his chair.. the 21 posted earlier is s/r st..atm
I shall call him scruffles
  • #215,992
  • Mar 24, 2010 10:17pm Mar 24, 2010 10:17pm
Quoting uraceulose
Well in that case Clouds, I'll short on the way up with you for sure. lol Either way we're going to 3260 soon. I just don't see us getting to R1 today? pound and swissy would have to break back through some good barriers imo too. If we break through gators number again convincingly..i think it was 31or 37 then I'll probably close and wait till the pivot or higher and then really I do hope we get to 3440.
dont see any support for swissy til 1.0650
  • #215,993
  • Mar 24, 2010 10:17pm Mar 24, 2010 10:17pm
Quoting mmccormac
Lots of traders don't hold positions for months on end... This means they have to "take profit". When they take profit it acts as a "buy order" then pushing price up. As price goes up it hits sellers stop losses, and as those get hit they generate more "buy orders".
Wow - now I know.
+ Charts Happen
  • #215,994
  • Mar 24, 2010 10:23pm Mar 24, 2010 10:23pm
Quoting Passholder
Wow - now I know.
LOL... Sorry man, I posted that before I checked your profile... Didn't realize you've been trading for quite some time. Lot's of new traders in here so I just posted it.

Didn't mean it as an insult to your trading ability, only trying to point out that we don't need bulls for price to move up.
  • #215,995
  • Mar 24, 2010 10:29pm Mar 24, 2010 10:29pm
will 3332 bitch slap it down?? atm testing 50 sma 5m
those who can, do. those who cant, talk about those who can
  • #215,996
  • Mar 24, 2010 10:31pm Mar 24, 2010 10:31pm
Quoting mmccormac
LOL... Sorry man, I posted that before I checked your profile... Didn't realize you've been trading for quite some time. Lot's of new traders in here so I just posted it.

Didn't mean it as an insult to your trading ability, only trying to point out that we don't need bulls for price to move up.
Well like I had mentioned before I think it would be hard for this to rally 100+ on profit taking type trades. Im not talkign abiout months Im talking about overnight.

There are some strong E down trends that broke lower bottom lines against today USD, NZD, CHF

EU is in a tought spot. Just between you and me sshhh dont tell anyone but i think they want a weaker EU to help them recover. I just said to my wife for the first time, maybe its almost time to go vacation in Europe soon. Its getting cheaper by the day.
+ Charts Happen
  • #215,997
  • Mar 24, 2010 10:36pm Mar 24, 2010 10:36pm
Quoting gatorinla
if we drop to 3319.5 .(before another high).. then a baby bear is born...target 3290 + slip... then poppa bear gets back in his chair.. the 21 posted earlier is s/r st..atm

Gator, do you have anything on the 3240/60 area? several people mention that as a possible trouble / correction area, including me. Would be a sin to close my trades there just to watch it shoot down to 1.30 ;0)
  • #215,998
  • Mar 24, 2010 10:42pm Mar 24, 2010 10:42pm
Clouds,

I have fork drawn on CHF and MTL is at 671 along with this being the Daily Pivot for support. Just food for thought.....
  • #215,999
  • Mar 24, 2010 10:43pm Mar 24, 2010 10:43pm
I believe Gator has a number of 3215 he is looking at......
  • #216,000
  • Mar 24, 2010 10:51pm Mar 24, 2010 10:51pm
Quoting IMARICH1
Clouds,

I have fork drawn on CHF and MTL is at 671 along with this being the Daily Pivot for support. Just food for thought.....

I found similar support around 75-66.
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