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EURUSD

  • #235,681
  • May 4, 2010 10:16am May 4, 2010 10:16am
Quoting JackintheBox
@cat: It's annoying that the (fundamental) seller(s) are still in the market !
Not your posts, they are great, thanks !!
With Volume/sellers/options i meant your ticker, thanks for that.
would be fine if you could post any news on Eur/usd.

Jack
ok no worries that clears everything hahaha will continue as usual then.
Trade safe
Tcat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #235,682
  • May 4, 2010 10:16am May 4, 2010 10:16am
Quoting Trading Cat
sorry I am confused do I have any news about volume and sellers? or is news in general annoying? Should it be the later no problem I just post what comes over my ticker and so far no one complained, but of cos if you guys here dont want it I stop.
TCat
I think he just means that the PA today is annoying and he is looking for information.

I enjoy your news posts.

Keep on doing it!!

BP
  • #235,683
  • May 4, 2010 10:17am May 4, 2010 10:17am
Quoting Jhig
Stay out! Look like a lot of indecision. Don't risk the equity. No way to tell if price action will continue on the upside or has exhausted itself and running for the bears. Stay out, and wait for the continuation upwards trend to continue (price looks good to go another 50 pip assuming upwards trend continues) or wait for downwards trend to present itself (which is also good to go 50 pips.) So either way you look at it, 50 pips in both directions.
Ah, thanks for a really good respond. I agree with you and will try to trade according to this.. Will keep you updated. Thanks!
  • #235,684
  • May 4, 2010 10:17am May 4, 2010 10:17am
If you didnt short at 1.3300 as many people here mentioned before you missed the short train imo. Its at a very nasty level right now and we will have to see how US closes this and asia will react.

Current issue is that the Euro zone is having less and less financial leverage when measured by debt/gdp ratio standards.

Yes the US has a 13 Trillion dollar deficit but look at their gdp and their external debt/gdp ratio. So thats fine.

Only made 40 pips today due to a trailing stop loss kicking in but that was a mistake on my part.

Im not entering any positions for now but this will either burn down slowly or bounce of the trend/reaction lines up for now. Please remember that 1.3333 has pretty much become a hard rooftop now, so its making way for 1.28 as mentioned weeks ago.


Good luck and trade safe.


Btw Skyzer... i would LOVE to see your MT4 logs... Longing all the way down must feel awesome!
  • #235,685
  • May 4, 2010 10:18am May 4, 2010 10:18am
http://www.bloomberg.com/apps/news?p...d=aMbfBKW.uKn4

For now, I'm going to take a long at 1.3015 with a stop underneath 1.2990 .. I've been waiting on this level so hopefully I can get a fill. I only trade USD/CAD but this came in play this morning for me.
  • #235,686
  • May 4, 2010 10:18am May 4, 2010 10:18am
Quoting Zztop
ok i will ask again dose any one think this thing will gonna stop falling ?
Of course ... price must retrace. Traders will start to take their profits off the table and that will be the perfect time to entry a buy order. The problem is, we don't know when the retracement will happen. But usually large morning movements tend to retrace in the afternoon. towards the Asian session.
  • #235,687
  • May 4, 2010 10:19am May 4, 2010 10:19am
Quoting gatorinla
#235109
Attached Image


He's a firm believer in the DD, been saying so for quite a while all thru the "green shoots" propaganda... partially based on the option arms and alt a loans hitting the markets about now thru mid(ish) 2011.

and of course the abysmal commercial market impacting the regional and smaller banks. The Hurt ain't over yet... his advice, "...keep your powder dry". In other words, we ain't seen the whites of anybodies eyeballs yet.


Add to that a spill that WILL HAVE incredible economic impact across the board in the Gulf states, and on and on... ((Had to roll hysterically on the floor after hearing Obuma assure us all in that weird cadence of his.. "BP will pay..." Yeah just like exxon paid. Oh yeah, and about costing BP "billions"... dude, practically everything they do costs "billions". better to check out the % of their annual income this thing dents. Got a magnifying glass there horatio? :nerd:
FUBAR...
  • #235,688
  • May 4, 2010 10:20am May 4, 2010 10:20am
Quoting jest1081
whose guessing?
Well, there are pretty much people looking for long during the free fall
big numbers are our friends...
  • #235,689
  • May 4, 2010 10:21am May 4, 2010 10:21am
Ok, I was counting on eu to touch that 4h TL when I shorted from 3050, exited at 3030 for some 20 pips.

Now a hammer just touched the TL in the 15 m TF and macd is ready to cross above signal. I long with a tight SL below the hammer wick and see if it plays out.

Cheers.
  • #235,690
  • May 4, 2010 10:22am May 4, 2010 10:22am
Quoting Orbital
If you didnt short at 1.3300 as many people here mentioned before you missed the short train imo. Its at a very nasty level right now and we will have to see how US closes this and asia will react.

Current issue is that the Euro zone is having less and less financial leverage when measured by debt/gdp ratio standards.

Yes the US has a 13 Trillion dollar deficit but look at their gdp and their external debt/gdp ratio. So thats fine.

Only made 40 pips today due to a trailing stop loss kicking in but that was a mistake on my part.

Im not...
True True! I called the short yesterday on the Daily chart and fell asleep London session (Didn't wake up till the Mid US session), so I missed that short move and didn't want to catch a falling knife. So my plan is to wait for the retracement. Expecting the retracement to be just has big as this short move but not as fast. Will probably look to scale in huge and scale out small when it happens.
  • #235,691
  • May 4, 2010 10:23am May 4, 2010 10:23am
Quoting Jhig
Of course ... price must retrace. Traders will start to take their profits off the table and that will be the perfect time to entry a buy order. The problem is, we don't know when the retracement will happen. But usually large morning movements tend to retrace in the afternoon. towards the Asian session.

i think man we shall retrace to 1.3150 at least
  • #235,692
  • May 4, 2010 10:24am May 4, 2010 10:24am
Quoting gatorinla
its hard to get a fixed set.
3 3313 is invalid.

current low 3227

if we continue beyond 3216


new 3
3 3161
4 3042
5 2983
6 2919
next......... 3052 is a strong attraction. but loss of confidence seems stronger atm. im sure u.s. fed is watching. they may slow free fall.. in attempt to prevent panic. this could be bigger then 2008. we are not at 1.6, the ground is closer this time. good luck with choppy..
those who can, do. those who cant, talk about those who can
  • #235,693
  • May 4, 2010 10:24am May 4, 2010 10:24am
I can't imagine who would be shorting here without a decent retrace.
  • #235,694
  • May 4, 2010 10:26am May 4, 2010 10:26am
Quoting JackintheBox
how i hate these fundamental traders... the problem is they dont care if they sell right now in complete oversold market.

@cat : Any news about volume, sellers ? It's really annoying.

Jack
technical oversold is not "fundamental" oversold, but one thing is true, many are buying at this level, so go with the bounce...keep decent SL and take profit up to CCI+100
  • #235,695
  • May 4, 2010 10:27am May 4, 2010 10:27am
Kathy Lien post about the EURO today

Euro: How Much Further Can it Fall?
  • #235,696
  • May 4, 2010 10:28am May 4, 2010 10:28am
Quoting User112
Today I have made 2310 pips or $2,763 on the EUR/USD
Conratulation
Great Bodies are Engineered not Born
  • #235,697
  • May 4, 2010 10:30am May 4, 2010 10:30am
Quoting Zztop
ok i will ask again dose any one think this thing will gonna stop falling ?
0 if not sooner
those who can, do. those who cant, talk about those who can
  • #235,698
  • May 4, 2010 10:30am May 4, 2010 10:30am
Quoting AncientCoins
I can't imagine who would be shorting here without a decent retrace.
me

but dont follow it, it's only my plan


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  • #235,699
  • Edited 4:10pm May 4, 2010 10:31am | Edited 4:10pm
October 2008...
Quoting ak4x
Here we are at an interesting level. Under any other circumstances, I'd expect a healthy retrace. These aren't any other circumstances. They are what they are, and relentless is the best word I know for them. I'd go out and slam my mouse hand in the car door a few times if I had any inclinations to go long this morning even tho I have some technical reasons to consider doing so...
Quoting Zztop
ok i will ask again dose any one think this thing will gonna stop falling ?
Quoting ak4x
The big dogs are the best indicators.. and psych levels, fibs, pivots, whatever... some times they all fade in the face of Relentless...
Not the first time that question was asked here... but maybe the first time THIS year...

We'll know soon enuff... http://cdn.forexfactory.com/images/s...im/winking.gif

Attached Image
FUBAR...
  • #235,700
  • May 4, 2010 10:33am May 4, 2010 10:33am
Awaiting 1.3000 and 1.2954 to build into long. Risky, but reward potential intermediate T/F.
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