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  • #241,221
  • May 13, 2010 5:42am May 13, 2010 5:42am
well, I'm targeting at least .2520 today
  • #241,222
  • May 13, 2010 5:42am May 13, 2010 5:42am
Skyzer, when is USD going to 74 please?
Prices oscillate, trends persist. Trend is your friend.
  • #241,223
  • May 13, 2010 5:46am May 13, 2010 5:46am
Quoting Jack Herer
well, I'm targeting at least .2520 today
1.258/1.254 has been a good support on monthly chart, break there should take us to 1.22 as per ichi (further down if we see that)
  • #241,224
  • May 13, 2010 5:46am May 13, 2010 5:46am
Quoting Predi
Is it oil leaking that makes such price or?

I can't explain to myself why stocks are going up and oil is down now... cuz in a time of downtrend oil should go up for little longer after stocks dive
Monthly chart of DOW Transportation points to why oil has to pullback to enable stocks to keep climbing.
Attached Image (click to enlarge)
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Prices oscillate, trends persist. Trend is your friend.
  • #241,225
  • May 13, 2010 5:47am May 13, 2010 5:47am
EURO SUMMARY: Opened in early Europe around $1.2658
-- Euro-dollar opened Asia around session lows of $1.2611, the rate
having come under strong sell pressure late in the NY session as rate
sunk to $1.2616. Strong demand placed ahead of $1.2600 contained the
move and allowed rate to recover, triggering stops through $1.2650/60
that lifted rate on, in steps, to an eventual session high of $1.2669
ahead of the European open. Continued buying into Europe took rate to
$1.2681, but reported offers above $1.2680 countered. Rate dipped
back to the $1.2660/55 meeting Asian sovereign demand that buoyed
before lifting it back to $1.2684, the move aided as euro-yen broke
above Y118.50. Failure to push through the offers above $1.2680saw
rate ease lower as spec longs pared back, strong sales from a German
name taking the rate through $1.2660/55 and on to challenge support
ahead of $1.2600. Large stops tripped through $1.2590 took rate to an
eventual low of $1.2562. Rate remains heavy into NY trade, recovery
efforts holding shy of $1.2600.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #241,226
  • May 13, 2010 5:50am May 13, 2010 5:50am
Quoting Predi
Is it oil leaking that makes such price or?

I can't explain to myself why stocks are going up and oil is down now... cuz in a time of downtrend oil should go up for little longer after stocks dive
maybe oil is overpriced. how much was oil at dow 14k? oil inventories are high.. when the Saudis say they are happy with the price it usually drops after.
meaning they know its overpriced. when oil and stocks go up together at some point oil will kill stocks.. because consumer cant afford it. that point is probably 85. then it all falls some.. they reload at a lower price and try again over and over... until we break the ceiling or fall through the floor.
those who can, do. those who cant, talk about those who can
  • #241,227
  • May 13, 2010 5:51am May 13, 2010 5:51am
What is the probability that support level of 1.2580/1.240 will not broken???

I am long in EU ???that's why i m asking u.

[
quote=xPrav;3720851]1.258/1.254 has been a good support on monthly chart, break there should take us to 1.22 as per ichi (further down if we see that)[/quote]
  • #241,228
  • May 13, 2010 5:53am May 13, 2010 5:53am
Quoting gurugs
What is the probability that support level of 1.2580/1.240 will not broken???

I am long in EU ???that's why i m asking u.

[
quote=xPrav;3720851]1.258/1.254 has been a good support on monthly chart, break there should take us to 1.22 as per ichi (further down if we see that)
[/quote]

Odds are in favour of support breaking, 'when' is another matter.
Prices oscillate, trends persist. Trend is your friend.
  • #241,229
  • May 13, 2010 5:55am May 13, 2010 5:55am
Quoting gurugs
What is the probability that support level of 1.2580/1.240 will not broken???

I am long in EU ???that's why i m asking u.
http://www.forexfactory.com/showpost...stcount=241232

2580 is a weekly support so there should be some struggle
  • #241,230
  • May 13, 2010 5:57am May 13, 2010 5:57am


Odds are in favour of support breaking, 'when' is another matter.[/quote]
those who can, do. those who cant, talk about those who can
  • #241,231
  • May 13, 2010 6:03am May 13, 2010 6:03am
looked like some ducks were taken out for roasting just now. aaaah stop losses.

really some nice legs there
gotta love singaporean chicks
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  • #241,232
  • May 13, 2010 6:05am May 13, 2010 6:05am
Quoting gatorinla


Odds are in favour of support breaking, 'when' is another matter.
[/quote]

They sure are trying to prop up government bonds with this illegal fund of theirs. So bounce can not be excluded, but overall I agree with your view that it is going to parity with USD & perhaps lower, who knows?
Prices oscillate, trends persist. Trend is your friend.
  • #241,233
  • May 13, 2010 6:05am May 13, 2010 6:05am
Quoting Predi
Is it oil leaking that makes such price or?

I can't explain to myself why stocks are going up and oil is down now... cuz in a time of downtrend oil should go up for little longer after stocks dive
whats gonna be cool is if European stock markets go up as euro free falls.
a lower euro will help exports and may help stock markets. stocks represent brick and mortar business. the paper euro will be worth less.. when all is said and done ez may do better then thought atm.. the lower currency will help. but standard of living may hurt the citizens. it more then likely will be lower.
those who can, do. those who cant, talk about those who can
  • #241,234
  • May 13, 2010 6:06am May 13, 2010 6:06am
Quoting gurugs
What is the probability that support level of 1.2580/1.240 will not broken???

I am long in EU ???that's why i m asking u.
thats monthly chart, the blue line has been acting as a good support all through
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  • #241,235
  • May 13, 2010 6:08am May 13, 2010 6:08am
Quoting DanPa
I can give you this indy, but better stay with what you know best! imo
dose your indicator draw supports and resistance level ???
  • #241,236
  • May 13, 2010 6:11am May 13, 2010 6:11am
On h1, price action is bouncing off the downward sloping trendline perfectly. Lower channel also been created. Currently price is at the bottom of the channel so in the upcoming hours price will be bullish.

http://chart.ly/p34hfv
  • #241,237
  • May 13, 2010 6:16am May 13, 2010 6:16am
I see desert below 116.60

anybody selling this?
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"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #241,238
  • May 13, 2010 6:18am May 13, 2010 6:18am
Check out EUR/CHF Daily!
Prices oscillate, trends persist. Trend is your friend.
  • #241,239
  • May 13, 2010 6:22am May 13, 2010 6:22am
e j me too. it is now at the previous low, bouncing. will close short here and re open if break below 116.55
Andreyou
  • #241,240
  • May 13, 2010 6:23am May 13, 2010 6:23am
quite a fight at 1.26 line.
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