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  • #236,301
  • May 5, 2010 3:55am May 5, 2010 3:55am
I'm going to hold my long, 1.29481 sl BE TP 1.3046
Could be a struggle, but will see how it goes
Just my 2 cents worth
  • #236,302
  • May 5, 2010 3:57am May 5, 2010 3:57am
the way things have been going i would be surprised to break 1.3000...i rather short now at these levels and get in before the next drop.
Former Trader Of the Year of the 95% losing club! Retired
  • #236,303
  • May 5, 2010 3:59am May 5, 2010 3:59am
Quoting Rgali1
Do you see it going higher then the last top? I think we may fall short of it seeing the current PA.
one can start building short around 3000 but I have my first at 3010, 3075,3150.

EURO-DOLLAR: Swiss name cited for providing the main upside push in
euro-dollar, as rate extends away from its pullback lows around $1.2935.
Rate currently trades around $1.2968.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #236,304
  • May 5, 2010 4:00am May 5, 2010 4:00am
1.29724 weekly S2
  • #236,305
  • May 5, 2010 4:01am May 5, 2010 4:01am
critical point now: BIG UP or BIG DOWN!
  • #236,306
  • May 5, 2010 4:01am May 5, 2010 4:01am
Could be lining up to take out everybodys big time shorts with a sudden upward surge up up and away
  • #236,307
  • May 5, 2010 4:03am May 5, 2010 4:03am
11:00EUR Retail Sales m/m 0.0%


ouch!
  • #236,308
  • May 5, 2010 4:04am May 5, 2010 4:04am
Quoting Rgali1
the way things have been going i would be surprised to break 1.3000...i rather short now at these levels and get in before the next drop.
I am a bit undecided that is why i have a BE trade, the US session yesterday put in a fair amount of volume at 1.3040 and that tends to draw the price to it and that may be repeated again today and would be a nice place to short from. But then i'm not a pro. Lets see how it all plays out
Just my 2 cents worth
  • #236,309
  • May 5, 2010 4:05am May 5, 2010 4:05am
Quoting fontu
Possible but sl very low already hit, possible hs .
entry at the top near 74 over 65 ,validate at the base & if pass go down.
fontu
you were wrong, it was more a triple bottom, now quote 1.2990
  • #236,310
  • May 5, 2010 4:06am May 5, 2010 4:06am
Quoting Guy Mann
I'm going to hold my long, 1.29481 sl BE TP 1.3046
Could be a struggle, but will see how it goes
Not impossible at this present condition , existing hs invalidate either price go stright up or fall to the base & bounce to those levels , anyway price has to stop downing, stalled for a while & can retrace any amount up.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #236,311
  • May 5, 2010 4:07am May 5, 2010 4:07am
Quoting increase
Could be lining up to take out everybodys big time shorts with a sudden upward surge up up and away
yes, 1.3444 id like see.
  • #236,312
  • May 5, 2010 4:08am May 5, 2010 4:08am
Quoting jsspmk
IMO 1.2930-1.2880 is where it may pause
They are monthly levels.
Prices oscillate, trends persist. Trend is your friend.
  • #236,313
  • May 5, 2010 4:10am May 5, 2010 4:10am
Quoting jackdan
you were wrong, it was more a triple bottom, now quote 1.2990
Yes , I was .Every possible future may not always work & so the risk applied.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #236,314
  • May 5, 2010 4:14am May 5, 2010 4:14am
Quoting kuroro001
We gotta go back to 1,3017 first....i'm waiting for that point to short the pair
Am thinking about it as well. This level would suite. How high will you be placing your SL?

Best regards
"Put your shoulder to the wheel!"
  • #236,315
  • May 5, 2010 4:14am May 5, 2010 4:14am
Quoting fontu
Yes , I was .Every possible future may not always work & so the risk applied.
fontu
This pair is very much under pressure from everywhere. And ruled more by rumours than anything. So whatever predicted is valid, just tight SL are needed.

Fontu, My greatest respect to your comments. Your comments always very much apreciated!

rgds
  • #236,316
  • May 5, 2010 4:14am May 5, 2010 4:14am
Reverse divergence on H1. The PA can go up but will drop again, as there is no sign of Bullish convergence

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  • #236,317
  • May 5, 2010 4:21am May 5, 2010 4:21am
Jeez come on, the suspence is killing my account
I operate with clear definite rules, if I break them I lose BIG!
  • #236,318
  • May 5, 2010 4:23am May 5, 2010 4:23am
Quoting T@rantula
Reverse divergence on H1. The PA can go up but will drop again, as there is no sign of Bullish convergence

Attachment
Lot of divergence coming after sharp fall/ rise. It is just a common as it is since volume starts back to its normal condition. Thus, this kind of divergence is very weak even just for confirmation only (apart which way price will go today).

I still believe more down comes but not today. Seems we're gonna have sideways or minor correction.

Just my opinion.
Manage your risk accordingly and you're half done your home work.
  • #236,319
  • May 5, 2010 4:24am May 5, 2010 4:24am
CME Group data.
From May,10 options will reduce by ~26% of all opened lots (CALLSUTS = 44:56) and by ~17% of all cash premium values. (CALLSUTS = 11:89).
Range1 SUP:1.28, RES:1.38.

From May.10,daily. >EUR/USD< .Forecast.
Call-Put ratio=44:56.Strikes decreasing by lots volumes RES:1.600, 1.700, 1.380. SUP:1.220, 1.250, 1.300.
The Futures Equilibrium (FE) per month: JUN10=1.3513; JUL10=1.3300; SEP10=1.3582.
Average Futures Equilibrium=1.3502. Volumes of open options lots are High.
  • #236,320
  • May 5, 2010 4:25am May 5, 2010 4:25am
We may trend sideways but i wouldnt long...only shorting tops!
Former Trader Of the Year of the 95% losing club! Retired
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