EURUSD | Page 12932 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #258,621
  • Jun 15, 2010 11:29pm Jun 15, 2010 11:29pm
Quoting clambill
In some ways, I think this is "almost too good to be true" for bulls. Usually, you have a move, then retracement, then another move then another retracement etc. This is almost no retracement at all. It would need to stay flat like this for an even longer period if I wanted to consider this a real consolidation phase (that would qualify as another retracement). I could see like a fakeout move to encourage other shorts to get in like we had yesterday. But a parabolic move up I would find unreal. If we see a large parabolic move up, I'd be happy...
Don't you consider a 40 pips pullback a retracement ?
  • #258,622
  • Jun 15, 2010 11:34pm Jun 15, 2010 11:34pm
Quoting DudeSepii
Don't you consider a 40 pips pullback a retracement ?
I just looked at a 4 hr chart. No.
  • #258,623
  • Jun 15, 2010 11:34pm Jun 15, 2010 11:34pm
Quoting DudeSepii
Don't you consider a 40 pips pullback a retracement ?
yeah,we've made the last 40 pips pullback, lets go to 1.25
Money is made by sitting, not trading. Jesse L. Livermore
  • #258,624
  • Jun 15, 2010 11:35pm Jun 15, 2010 11:35pm
Quoting sam69
yeah,we've made the last 40 pips pullback, lets go to 1.25
I wont let it go up before touching 2250
  • #258,625
  • Jun 15, 2010 11:42pm Jun 15, 2010 11:42pm
Quoting Qqe
I wont let it go up before touching 2250
yes,i want it too,i thought it may touch 2200 1H channel low or at least 2245-50 area 15M ltl,but this weekly resistance (now support) @2314 seems to be hard to knock out
Money is made by sitting, not trading. Jesse L. Livermore
  • #258,626
  • Jun 15, 2010 11:47pm Jun 15, 2010 11:47pm
Quoting fontu
Thanks , looking H4 tf in still bully rally though , cd continues now 11th started & minimum 2or more H4 candles may need the sell signal at the top possibly at tl 1.2466 to resistant 1.2524 before actual sell may occur . possible pa overnight in the picture , will see only in the next morning myself though but trades will be placed as per.

confirming thos present down H1 sell set up perfection , retracement down 13 noncosecutive cd mostly down & up again to prepare the sell actual.
Hope overnight play be ok & also many parts be seen next morning...
Morning to all . so the m5 hs worked more or less & now actually want a solid bull flag for 1.2488/1.2524 up . so more fall to continue for the same as per or more than it .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #258,627
  • Jun 15, 2010 11:52pm Jun 15, 2010 11:52pm
I have learned to not put too much weight in what happens during the Asian session. Trading is quite a bit thinner compared to what happens when London fires up!

I'm torn on this one. I am absolutely convinced it is going to go back south with a vengence. The trick is figuring out when that will be. I don't think this bull has run out of steam just yet. Not till 2400 or 2500.
  • #258,628
  • Jun 15, 2010 11:53pm Jun 15, 2010 11:53pm
Quoting fontu
Morning to all . so the m5 hs worked more or less & now actually want a solid bull flag for 1.2488/1.2524 up . so more fall to continue for the same as per or more than it .
fontu
morning fontu,i have the same feeling it may tuoch 2348 again before down to 2250 area
Money is made by sitting, not trading. Jesse L. Livermore
  • #258,629
  • Jun 15, 2010 11:54pm Jun 15, 2010 11:54pm
Quoting sed34
this is one of the longest scalps I've been in.

Attachment
still holding.
  • #258,630
  • Jun 15, 2010 11:59pm Jun 15, 2010 11:59pm
correction. tp hit. that was too long.

Attached Image (click to enlarge)
Click to Enlarge Name: eur.PNG Size: 54 KB
  • #258,631
  • Jun 15, 2010 11:59pm Jun 15, 2010 11:59pm
Asian session sucks. It's where I make most of my mistakes.

Think is was my last session. I do better with NY/London.
Only expectation matters . . .
  • #258,632
  • Jun 16, 2010 12:01am Jun 16, 2010 12:01am
Everyone expects it going up, be careful ! Both EUR/JPY and DOW need pullbacks
  • #258,633
  • Jun 16, 2010 12:05am Jun 16, 2010 12:05am
Quoting Qqe
Everyone expects it going up, be careful ! Both EUR/JPY and DOW need pullbacks
To quote Keynes:
Markets can remain irrational longer than you can remain solvent.

Only expectation matters . . .
  • #258,634
  • Jun 16, 2010 12:05am Jun 16, 2010 12:05am
Quoting sam69
morning fontu,i have the same feeling it may tuoch 2348 again before down to 2250 area
Agreed, I think we might also see 2400 before it drops again. but 12345 would trigger a good short sell.

Not enough momentum to break through the cloud right now...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2010-06-16 at 12.04.39 AM.png Size: 50 KB
  • #258,635
  • Jun 16, 2010 12:05am Jun 16, 2010 12:05am
Quoting clambill
In some ways, I think this is "almost too good to be true" for bulls. Usually, you have a move, then retracement, then another move then another retracement etc. This is almost no retracement at all. It would need to stay flat like this for an even longer period if I wanted to consider this a real consolidation phase (that would qualify as another retracement). I could see like a fakeout move to encourage other shorts to get in like we had yesterday. But a parabolic move up I would find unreal. If we see a large parabolic move up, I'd be happy...

Tonight's session will tell the tale likely of volatility expansion, or whether the move runs out of steam in the next couple of sessions - the former seems far more likely though both outcomes are possible. If it is volatility expansion to the upside, what you propose would be like jumping into the path during the running of the bulls, expecting the herd to run the other way. Not a particularly wise strategy. Best to wait for the bulls to start running the other way on their own.

Quote
From past data some of these E/U short squeezes have led to exceptional moves to the upside in very short times, and this particular setup has the potential to evolve in that same way. It appears the spring is coiled.

http://www.forexfactory.com/showpost...stcount=257189
  • #258,636
  • Jun 16, 2010 12:07am Jun 16, 2010 12:07am
Quoting RebelRed
Asian session sucks. It's where I make most of my mistakes.

Think is was my last session. I do better with NY/London.
ya,asian session is most zig zag,best movements are by london and firsthalf of ny
Money is made by sitting, not trading. Jesse L. Livermore
  • #258,637
  • Jun 16, 2010 12:11am Jun 16, 2010 12:11am
I have a 61.8 fib at 2367 that I think has to be touched before the turn down. I haven't heard anyone saying the same thing, but if it isn't so, I'd like to learn why.
Attached Image (click to enlarge)
Click to Enlarge Name: 6-15.gif Size: 22 KB
  • #258,638
  • Jun 16, 2010 12:14am Jun 16, 2010 12:14am
Quoting sam69
ya,asian session is most zig zag,best movements are by london and firsthalf of ny
Well it makes sense, you are trading EUR and USD ... so why would Asian session have any dramatic effect on it lol for Asian session volatility you go to JPY
  • #258,639
  • Jun 16, 2010 12:14am Jun 16, 2010 12:14am
Quoting Money Man
I have a 61.8 fib at 2367 that I think has to be touched before the turn down. I haven't heard anyone saying the same thing, but if it isn't so, I'd like to learn why.
of course man,my fib 61.8 is @2368 and i think its a good area to go short if we reach
Money is made by sitting, not trading. Jesse L. Livermore
  • #258,640
  • Jun 16, 2010 12:14am Jun 16, 2010 12:14am
Quoting lambergino
Well it makes sense, you are trading EUR and USD ... so why would Asian session have any dramatic effect on it lol for Asian session volatility you go to JPY
you're right!
Money is made by sitting, not trading. Jesse L. Livermore
301 traders viewing now