EURUSD | Page 13040 | 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

  • #260,781
  • Jun 21, 2010 2:04am Jun 21, 2010 2:04am
Quoting mercy seat
European Forex Technicals : EUR/USD Rally Closes In On 1.2500
21 Jun 2010, 08:22

By Francis Bray
A DOW JONES NEWSWIRES COLUMN


Intraday :


EUR/USD :


Another strong start to the week for the euro following Monday's push above 1.2417, and resistance at the psychologically-important 1.2500 is the immediate threat. While support at 1.2339/50 holds, near-term bulls will attempt to force a break above 1.2500/10. Having confirmed the June 7 reaction low at 1.1876 as a bear failure low, there is room for further strength towards 1.2586....

Based on my charts and TA, I think we are still in an overall bearish trend, and the past few days were merely a short term bullish phase i.e. retracement. Only beyond 1.3000 will the bearish trend be broken. My opinion.
  • #260,782
  • Jun 21, 2010 2:05am Jun 21, 2010 2:05am
Quoting PriceVolume
?
those who can, do. those who cant, talk about those who can
  • #260,783
  • Jun 21, 2010 2:07am Jun 21, 2010 2:07am
Quoting mercy seat
Tja - 1.2486 could be seen - but we think it might be capped and stalling there at first. If higher - then forget the downside.
And right - 1.2339 is for us the downside trigger as well. Mentioned that a few times within last week.


palim palim
I like
Trade on your own risk Plan your trade&trade your plan dont be a
  • #260,784
  • Jun 21, 2010 2:09am Jun 21, 2010 2:09am
Quoting gatorinla
Looks like we have a WTF moment coming....
  • #260,785
  • Jun 21, 2010 2:10am Jun 21, 2010 2:10am
Double top on Daily Chart.
Attached Image
  • #260,786
  • Jun 21, 2010 2:11am Jun 21, 2010 2:11am
my daily stochastic showed that EUR are already overbought against USD, waiting for more conviction to tell me that EUR will fall to where its belong --> 1.18
  • #260,787
  • Jun 21, 2010 2:19am Jun 21, 2010 2:19am
short 1.2452 TP 1.2355
  • #260,788
  • Jun 21, 2010 2:21am Jun 21, 2010 2:21am
Quoting mercy seat
Tja - 1.2486 could be seen - but we think it might be capped and stalling there at first. If higher - then forget the downside.
And right - 1.2339 is for us the downside trigger as well. Mentioned that a few times within last week.


palim palim
I'm guessing 50% retrace and lower low (excluding today's).
  • #260,789
  • Jun 21, 2010 2:45am Jun 21, 2010 2:45am
Quoting mbforex74
short 1.2452 TP 1.2355
1.2355, on what basis?
  • #260,790
  • Jun 21, 2010 2:49am Jun 21, 2010 2:49am
Bearish Divergence

Target 1.2400
Attached Image
  • #260,791
  • Jun 21, 2010 2:53am Jun 21, 2010 2:53am
Quoting cheagil
dats wat frighten me. i have a few long post with sl at 2350 and and tp at 2480. i have the feeling my stops gonna be stopped..
  • #260,792
  • Jun 21, 2010 2:55am Jun 21, 2010 2:55am
Quoting cheagil
Hey....don't want to rub salt in the wound....but since your entries are above 2450...why so large stoplosses with such a small tp? I mean, the risk to reward royally sucks.....just a thought. Good luck.
  • #260,793
  • Jun 21, 2010 3:03am Jun 21, 2010 3:03am
I went short earlier. I liked the idea that 2460 might be the top of the day so I went with it.

Watching it closely though.
Only expectation matters . . .
  • #260,794
  • Jun 21, 2010 3:04am Jun 21, 2010 3:04am
Quoting PriceVolume
Hey....don't want to rub salt in the wound....but since your entries are above 2450...why so large stoplosses with such a small tp? I mean, the risk to reward royally sucks.....just a thought. Good luck.
owh..due to this chinese yuans thingy.. and i thought euros going to fly like skyzer always predicted..
and also the ZEN master said "WE'll SEE"
  • #260,795
  • Jun 21, 2010 3:08am Jun 21, 2010 3:08am
Quoting cheagil
owh..due to this chinese yuans thingy.. and i thought euros going to fly like skyzer always predicted..
and also the ZEN master said "WE'll SEE"
That's not what I'm saying....all I'm saying is risking a loss of that many pips for a win of only 30 pips - well, it's difficult math for profitibility. Just food for thought....
  • #260,796
  • Jun 21, 2010 3:08am Jun 21, 2010 3:08am
oh WTF! first rule: stick to your system and trust it! i did have a short signal.....why the heck i ignored it????????????? why??????????????? stupid psychology.....
not only i did have a bearish divergence on the m15 too!!!!!! why?????????
  • #260,797
  • Jun 21, 2010 3:11am Jun 21, 2010 3:11am
Quoting The flame
oh WTF! first rule: stick to your system and trust it! i did have a short signal.....why the heck i ignored it????????????? why??????????????? stupid psychology.....
Psychology is the key. It's as close to the holy grail as I've found. There are plenty of profitable systems. Problem comes in "user error" - not using it consistently, overleveraging, moving stops, improper risk to reward, etc.
  • #260,798
  • Jun 21, 2010 3:13am Jun 21, 2010 3:13am
Quoting The flame
oh WTF! first rule: stick to your system and trust it! i did have a short signal.....why the heck i ignored it????????????? why??????????????? stupid psychology.....
not only i did have a bearish divergence on the m15 too!!!!!! why?????????
The same reason why I ignored my buy signal on the the gbp/usd the other week when it was at around 1.4400.
Only expectation matters . . .
  • #260,799
  • Jun 21, 2010 3:14am Jun 21, 2010 3:14am
Waiting on EURUSD to go long at 1.2395.
  • #260,800
  • Jun 21, 2010 3:14am Jun 21, 2010 3:14am
Quoting PriceVolume
That's not what I'm saying....all I'm saying is risking a loss of that many pips for a win of only 30 pips - well, it's difficult math for profitibility. Just food for thought....
Yeah, i think you need to keep about a 2:1 ratio in general. And be realistic too.
Only expectation matters . . .
642 traders viewing now, 1 is registered:
Novarec