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EURUSD

  • #249,001
  • May 27, 2010 2:51pm May 27, 2010 2:51pm
Quoting MuddBuddha
...As my heart sank into my chest, and a little vomit came up, I swore I wouldn't retrace trade EVER again....
Yeah... memories...


http://www.forexfactory.com/showthread.php?t=3793
FUBAR...
  • #249,002
  • May 27, 2010 2:51pm May 27, 2010 2:51pm
Caught the southbound train and got out just in time for +10 pips.

Enter Signature
  • #249,003
  • May 27, 2010 2:54pm May 27, 2010 2:54pm
Quoting Rgali1
If oil breaks out higher in the coming days we can forget about new euro lows for the time being. I'll be watching oil. If it fails then there will be proper alignment
Take care that oil follows USD, JPY and EUR not those following oil.
No Signal, No Trade. No fundamenals, No headache.
  • #249,004
  • May 27, 2010 2:55pm May 27, 2010 2:55pm
bulls driving es through 1100... euro rebounding sharply..downmove was a bit overdone..
  • #249,005
  • May 27, 2010 2:57pm May 27, 2010 2:57pm
Quoting gatorinla
third time down shorters became buyers... when they exit.. they pushed the dow ect. up.. when they pile back on rinse wash repeat till we break the floor. then all will say.. " i was short" with margin call email from their broker they will disappear.
All that is left in FF is just plain garbage. "Cloggie"
  • #249,006
  • May 27, 2010 2:58pm May 27, 2010 2:58pm
Quoting gatorinla
because as euro drops usd can still strengthen.. it was once the norm concerning usd. that was before manipulation by the fed to devalue usd. most manipulation has occurred in the last decade. during the rise of the euro.
Gat

is 2560 a possibility still, could the pound drag this up with it
  • #249,007
  • May 27, 2010 2:59pm May 27, 2010 2:59pm
Those of you quick to the trigger to scalp and follow PA should be doing well with these quick moves.
Former Trader Of the Year of the 95% losing club! Retired
  • #249,008
  • May 27, 2010 3:04pm May 27, 2010 3:04pm
Quoting tonyo524
wtf?
those who can, do. those who cant, talk about those who can
  • #249,009
  • May 27, 2010 3:05pm May 27, 2010 3:05pm
break time, I closed one short down as it hit the 22 ma on 15M for 31 pips even. other is running @ +1. I actually was able to sneak another short in there @ 2380 so 2379 and I'll be flat.

Goin to grab some lunch, I'll be back
  • #249,010
  • May 27, 2010 3:06pm May 27, 2010 3:06pm
Quoting gatorinla
wtf?
It must be your avatar...
Every time you use 'hopium' in a post, God kills a kitten.
  • #249,011
  • May 27, 2010 3:06pm May 27, 2010 3:06pm
Quoting gatorinla
wtf?
they might need these.
Inserted Video
  • #249,012
  • May 27, 2010 3:10pm May 27, 2010 3:10pm
Quoting Rgali1
I am not convinced we will make new lows on this move. I don't know how low we will go but it will stay above the low thats what my analysis shows for now unless something big happens tomorrow. To dangerous to short right now as it may turn back up . Too dangerous to long right now because i have no clue how low it will go. So I'm staying out. If we do make it to the 1.21xx levels which i doubt i will take a long with a sl below the low. If we don't make it that low will just sit out and plan my shorts for probably next week. I'm going to try to...
What makes a top or bottom? Strong FIB retrace level, old top(s), old bottom(s), resistance, support, Level of correlated pair or indice, the end of TP of a pattern..etc. Combined should be better to stop your trade and reverse. Always waiting for confirmation by certain level going through or not to be sure, depends on the pair.
No Signal, No Trade. No fundamenals, No headache.
  • #249,013
  • May 27, 2010 3:17pm May 27, 2010 3:17pm
Quoting T@rantula
Was that then when u start drinking?
No, but it did bump me up from a beer diet to a bit higher alcohol %
Capital Preservation is key to long term wealth accumulation
  • #249,014
  • May 27, 2010 3:18pm May 27, 2010 3:18pm
Quoting onewish
Gat

is 2560 a possibility still, could the pound drag this up with it
yes.. its possible.. i had a pending at 256X... the differnce in this bounce compared to the last recent lows is now the eux has made a new low.. it bounced off a s/r...to put us where we are atm.. it bounced off the 2008 low.. so like the all time 50% level the euro also has this for support. but it will not hold forever.
2008 low was on one of my older predictive. (eurx) charts i dont have atm..
being on that chart alone says we always bounce after..
those who can, do. those who cant, talk about those who can
  • #249,015
  • May 27, 2010 3:19pm May 27, 2010 3:19pm
Quoting Rgali1
If oil breaks out higher in the coming days we can forget about new euro lows for the time being. I'll be watching oil. If it fails then there will be proper alignment
Quoting No Stress
Take care that oil follows USD, JPY and EUR not those following oil.
I'll add that currencies follow oil in US Oil inventory, or big problem in that sector or decision of OPEC.
No Signal, No Trade. No fundamenals, No headache.
  • #249,016
  • May 27, 2010 3:22pm May 27, 2010 3:22pm
Quoting ak4x
Yeah... memories...


http://www.forexfactory.com/showthread.php?t=3793
Yeah, no kidding!

I was actually on a roll. I had built my 10K account up on a $14,700 gain gridding hedged positions within a 500 point range in a matter of months. I had all the math, percentages, and positions, worked out and the system was very proffittable.

Unfortuantely, what I didn't take into account was that range is a matter of perspective based on time. When the 500 point range broke, it hit my "emergency brake" which I thought would never happen.

Ahhh, to be young and stupid again. Or at least young.
Capital Preservation is key to long term wealth accumulation
  • #249,017
  • May 27, 2010 3:29pm May 27, 2010 3:29pm
Quoting No Stress
I'll add that currencies follow oil in US Oil inventory, or big problem in that sector or decision of OPEC.
dont be so sure.. pull up an s/p chart.. compare to oil.. just at the high/low.. high oil s.p drops.. eu is in there too.. when this happens its a clear pattern.. it held true all last summer and even the current highs.. it was at 80 then 82 last summer... when it got to 80ish it was time to short eu... recently when it got to 87ish see what happened..
those who can, do. those who cant, talk about those who can
  • #249,018
  • May 27, 2010 3:32pm May 27, 2010 3:32pm
Quoting gatorinla
dont be so sure.. pull up an s/p chart.. compare to oil.. just at the high/low.. high oil s.p drops.. eu is in there too.. when this happens its a clear pattern.. it held true all last summer and even the current highs..
Which do you think is most important in intermarket analysis? Stocks or commod's?
  • #249,019
  • May 27, 2010 3:35pm May 27, 2010 3:35pm
*Surgeon Generals Warning*

I'll add that while there is a degree of correlation between the Dow & USD, S & P & USD, Oil & USD, Gold & USD, you should NEVER, EVER, makes trades based on these correlations. And all of these are connected in proportional degrees.

They should be considered as additional indicators in an array of others. Never the sole reason to enter a trade.
Capital Preservation is key to long term wealth accumulation
  • #249,020
  • May 27, 2010 3:42pm May 27, 2010 3:42pm
Quoting gatorinla
yes.. its possible.. i had a pending at 256X... the differnce in this bounce compared to the last recent lows is now the eux has made a new low.. it bounced off a s/r...to put us where we are atm.. it bounced off the 2008 low.. so like the all time 50% level the euro also has this for support. but it will not hold forever.
2008 low was on one of my older predictive. (eurx) charts i dont have atm..
being on that chart alone says we always bounce after..
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