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EURUSD

  • #251,441
  • Jun 2, 2010 6:23am Jun 2, 2010 6:23am
when this down trend will end ?
  • #251,442
  • Jun 2, 2010 6:23am Jun 2, 2010 6:23am
Well, first, hello everybody ! I am new around here.
Second, I am going to use another strategy to take between 50 to 150 pips. I am going to enter 2 opposite trades at the same time on EUR/USD. Then I will wait until it goes one direction for 300-400-500 pips. I will close the winning trade then I will wait untill the losing position withdraws for a number of 50 to 150 pips, depending on market volatility.
  • #251,443
  • Jun 2, 2010 6:24am Jun 2, 2010 6:24am
Quoting Z3iz3i
EU is leaving the floor soon, down that is.
Which way? Low 1.21 that's where ECB guys get pissed off..
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  • #251,444
  • Jun 2, 2010 6:25am Jun 2, 2010 6:25am
Quoting six gun
Not being funny but how do you know this?
I am trying to learn.
look at the fundamentals. Greece is in the shit, big time, Germany has to bail it out, Portugal, Spain, Italy, Ireland, are also gonna be in the shit soon. This means bad news for Euro, people don't wanna trust it, so when people don't trust something, they SELL.
  • #251,445
  • Jun 2, 2010 6:26am Jun 2, 2010 6:26am
Quoting Jimz
when this down trend will end ?
probably when EU countries revert back to their native currencies!

Lol!!
  • #251,446
  • Jun 2, 2010 6:26am Jun 2, 2010 6:26am
Quoting Jimz
when this down trend will end ?
Soon, Dullar have no biz to go higher then around 88 or so.

B. Bernanke printing and selling greenback in that area.
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  • #251,447
  • Jun 2, 2010 6:26am Jun 2, 2010 6:26am
For my point of vie the pair is still in cloud, so they shoud pass them and hit 1.23 aera
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  • #251,448
  • Jun 2, 2010 6:28am Jun 2, 2010 6:28am
Quoting qwertymyfx
probably when EU countries revert back to their native currencies!

Lol!!
At this rate we will skip that stage and go straight to barter.
  • #251,449
  • Jun 2, 2010 6:28am Jun 2, 2010 6:28am
Quoting qwertymyfx
look at the fundamentals. Greece is in the shit, big time, Germany has to bail it out, Portugal, Spain, Italy, Ireland, are also gonna be in the shit soon. This means bad news for Euro, people don't wanna trust it, so when people don't trust something, they SELL.
Dont reject risk appetite...it can be bad for accounts
  • #251,450
  • Jun 2, 2010 6:28am Jun 2, 2010 6:28am
Quoting T@rantula
and long above 2257
i've read some of your posts, u do seem to know what u're talking about.

i'm not particularly a fan of divergence, but if u can make it work, good shit man.
  • #251,451
  • Jun 2, 2010 6:29am Jun 2, 2010 6:29am
Quoting T@rantula
Dont reject risk appetite...it can be bad for accounts
yeah, been there before ahaha
  • #251,452
  • Jun 2, 2010 6:31am Jun 2, 2010 6:31am
Quoting six gun
Not being funny but how do you know this?
I am trying to learn.
Test few minutes ago against 1.22 was not a real test, just like cuddling a puppy or something. Lacked volume.
For some reason, at least at the moment there is no interest to kill it.

Or

Movers want to play it up to 1.2245-50 again which is declining upper trendline of 30min triangle. Either way, this smells, eyes open.

I doubt that real test comes when NY opens, futures are pointing up though.
They think they are smarter than I am.
  • #251,453
  • Jun 2, 2010 6:32am Jun 2, 2010 6:32am
Quoting qwertymyfx
i've read some of your posts, u do seem to know what u're talking about.

i'm not particularly a fan of divergence, but if u can make it work, good shit man.
Tnx...well divergence can pinpoint a direction. Im not making entries based on divergences, since they need time to form,thus they tend to lag a bit...They can give me a good direction where PA might go and stop/reverse
  • #251,454
  • Jun 2, 2010 6:35am Jun 2, 2010 6:35am
Looks like uptrend lower TL getting broke 15M TF.. (not yet.)
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  • #251,455
  • Jun 2, 2010 6:35am Jun 2, 2010 6:35am
EURUSD still in no where land... no positions taken for me on this pair in this kinda market
When life gives you lemons, make lemonade
  • #251,456
  • Jun 2, 2010 6:39am Jun 2, 2010 6:39am
try this its been working pretty good lately...

http://www.random.org/coins/?num=1&c...ur.spain-1euro
  • #251,457
  • Jun 2, 2010 6:40am Jun 2, 2010 6:40am
I'm playing my lower lows position and will hold, expecting price to break 1.22. If price does break 1.22 expect a 100 pip move.
  • #251,458
  • Jun 2, 2010 6:42am Jun 2, 2010 6:42am
a push below 204 or 203 will likely do it now

lets hope .... likely little before 8am est

cheers

teb
  • #251,459
  • Jun 2, 2010 6:43am Jun 2, 2010 6:43am
Quoting Jhig
I'm playing my lower lows position and will hold, expecting price to break 1.22. If price does break 1.22 expect a 100 pip move.
Yeah 100 pips until 1.21 and the central banks step to waste some more tax payers money.
  • #251,460
  • Jun 2, 2010 6:45am Jun 2, 2010 6:45am
just think boys
of the stops
just sitting under 1.2100

lol

teb
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