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EURUSD

  • #264,721
  • Jun 29, 2010 10:35am Jun 29, 2010 10:35am
I am still LONG in EUR/USD. I believe it should go up further. There is no way that US$ is gonna be stronger after the weak Economic data this morning. EU troubles is old news.

Keeping my fingers crossed
Make your losses in demo. Earn your profits live.
  • #264,722
  • Jun 29, 2010 10:35am Jun 29, 2010 10:35am
short me too! just willing to lock some more pips and close my day.....getting tired..
  • #264,723
  • Jun 29, 2010 10:37am Jun 29, 2010 10:37am
Quoting ak4x
geeez jay... i just got things cleaned up from the mess sun made here...
Yeah but you got the laser keyboard with the rubber screen now right?
Not all sins are created equal
  • #264,724
  • Jun 29, 2010 10:39am Jun 29, 2010 10:39am
Quoting Forexia
I am still LONG in EUR/USD. I believe it should go up further. There is no way that US$ is gonna be stronger after the weak Economic data this morning. EU troubles is old news.

Keeping my fingers crossed

Looks like it goes up to loong - thinking of joining this trade right now
  • #264,725
  • Jun 29, 2010 10:39am Jun 29, 2010 10:39am
Quoting Jay Walker
Yeah but you got the laser keyboard with the rubber screen now right?
nahhh.... if you'd seen the look on mrs ak face when I brought it up, you wouldn't need to ask.
FUBAR...
  • #264,726
  • Jun 29, 2010 10:42am Jun 29, 2010 10:42am
Quoting Jay Walker
I like those. *Someone* has to pay my and Mrs. Jay's bills. And it won't be my in-laws.
  • #264,727
  • Jun 29, 2010 10:44am Jun 29, 2010 10:44am
Quoting Forexia
I am still LONG in EUR/USD. I believe it should go up further. There is no way that US$ is gonna be stronger after the weak Economic data this morning. EU troubles is old news.

Keeping my fingers crossed

This pair has a tendency to be correlated with US markets because of risk aversion and lower stocks and commodity prices = higher dollar. In other words, if you think the US markets are going to continue to dump you might want to re-evaluate your position.
  • #264,728
  • Jun 29, 2010 10:45am Jun 29, 2010 10:45am
Man Gator this is going to sound crazy, but why does it look like an inverse head and shoulders on the Daily. hah hah, may be wishful thinking because of current drawdown. Peace!

Edit. looks like the same thing developing on the 15 minute.
All that is left in FF is just plain garbage. "Cloggie"
  • #264,729
  • Jun 29, 2010 10:48am Jun 29, 2010 10:48am
Quoting Awesome
This pair has a tendency to be correlated with US markets because of risk aversion and lower stocks and commodity prices = higher dollar. In other words, if you think the US markets are going to continue to dump you might want to re-evaluate your position.
I think US$ is gonna dump a bit.
Make your losses in demo. Earn your profits live.
  • #264,730
  • Jun 29, 2010 10:49am Jun 29, 2010 10:49am
Quoting Forexia
I am still LONG in EUR/USD. I believe it should go up further. There is no way that US$ is gonna be stronger after the weak Economic data this morning. EU troubles is old news.

Keeping my fingers crossed
this bounce was anticipated. be sure to have a green sl. eu troubles have yet to begin. they plan on tightening money. a sure way to ensure euro does not survive. pride over survival.
those who can, do. those who cant, talk about those who can
  • #264,731
  • Jun 29, 2010 10:50am Jun 29, 2010 10:50am
Quoting Forexia
I think US$ is gonna dump a bit.
Think again.
  • #264,732
  • Jun 29, 2010 10:52am Jun 29, 2010 10:52am
Quoting SunTrader
Think again.
Oh well, to each's own! I am still LONG in EUR/USD. I have my SL set up as always. We shall see.
Make your losses in demo. Earn your profits live.
  • #264,733
  • Jun 29, 2010 10:54am Jun 29, 2010 10:54am
Quoting SunTrader
Think again.
  • #264,734
  • Jun 29, 2010 10:54am Jun 29, 2010 10:54am
Quoting Forexia
I am still LONG in EUR/USD. I believe it should go up further. There is no way that US$ is gonna be stronger after the weak Economic data this morning. EU troubles is old news.

Keeping my fingers crossed
i do not post much ,but just my advise is 1.22 should be your target if you hourly trade, if you trade on higher TF , i do not feel your point of view .

can you explain what is your target and which TF
  • #264,735
  • Jun 29, 2010 10:55am Jun 29, 2010 10:55am
Quoting Forexia
I am still LONG in EUR/USD. I believe it should go up further. There is no way that US$ is gonna be stronger after the weak Economic data this morning. EU troubles is old news.

Keeping my fingers crossed

Don't be silly, even if the data from the US was bad the EU is still tanking; risk aversion happens and everyone piles into the greenback, leaving europe to go down to the sweet tune of 1.15!
  • #264,736
  • Jun 29, 2010 10:55am Jun 29, 2010 10:55am
Quoting tonyo524
Man Gator this is going to sound crazy, but why does it look like an inverse head and shoulders on the Daily. hah hah, may be wishful thinking because of current drawdown. Peace!
Not crazy... and I AM watching it with two separate neckline scenarios. I expect Funnymentals to override the Wreckednicals in this case and extend the line down further... we'll see.

Of course, that may be wishful thinkin cuz I'm in heavy shorts atm... awith all but one in the green. I'd love to see a close at or near that grey 21sma tho...

Great example of "no straight lines to anywhere" atm...
Attached Image
FUBAR...
  • #264,737
  • Jun 29, 2010 10:55am Jun 29, 2010 10:55am
Quoting gatorinla
this bounce was anticipated. be sure to have a green sl. eu troubles have yet to begin. they plan on tightening money. a sure way to ensure euro does not survive. pride over survival.
Thats a shame, placing pride over survival. One has to wonder, what ego trip is EU on?
  • #264,738
  • Jun 29, 2010 10:59am Jun 29, 2010 10:59am
Quoting gatorinla
this bounce was anticipated. be sure to have a green sl. eu troubles have yet to begin. they plan on tightening money. a sure way to ensure euro does not survive. pride over survival.
Is that Bart? I think I see Bart.....
  • #264,739
  • Jun 29, 2010 11:02am Jun 29, 2010 11:02am
Quoting ak4x
Not crazy... and I AM watching it with two separate neckline scenarios. I expect Funnymentals to override the Wreckednicals in this case and extend the line down further... we'll see.

Of course, that may be wishful thinkin cuz I'm in heavy shorts atm... all but one in the green tho. I'd love to see a close at or near that grey 21sma tho...

Great example of "no straight lines to anywhere" atm...

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Agreed to both the gentleman.

MTF
Fools Rushing
  • #264,740
  • Jun 29, 2010 11:05am Jun 29, 2010 11:05am
Quoting Forexia
Oh well, to each's own! I am still LONG in EUR/USD. I have my SL set up as always. We shall see.
You might be right but based on what? Thinking it might doesn't make it so.


The trend on almost all timeframes has been down, down, down.

At some point that will change, first on the short time frames. Why not want until that happens first before deciding it will go up. And not just a couple of up close one minute bars either.
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