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EURUSD

  • #274,201
  • Jul 22, 2010 10:21am Jul 22, 2010 10:21am
Hi dear friends,

I am new to this forex market have traded for last two months with demo account in eurusd with swing trading.kindly give me some idea for me as a beginer
Read the chart... Fundies are catalyst...
  • #274,202
  • Jul 22, 2010 10:23am Jul 22, 2010 10:23am
Exactly - DJIA is up more than two percent ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #274,203
  • Jul 22, 2010 10:23am Jul 22, 2010 10:23am
Quoting dreed
Dow currently up +213 pts. Buying Euro on Dips, with a stop at 1.2885
i have closed my previous longs from 2830-50 now enter again at 2910 with SL of 10 points let see how it goes..target is 2955..i can feel it is a same scenario like as we hit 2980-3000 first time price is consolidating not trying to go down so i think we will hit higher side ..let see how it goes expecting closing above my H1 middle TL...

Ub
Attached Image (click to enlarge)
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  • #274,204
  • Jul 22, 2010 10:27am Jul 22, 2010 10:27am
I dont wanna be dramatic. But if the markets close strongly I'm back in long till 1.32 even ahead of the stress tests
  • #274,205
  • Jul 22, 2010 10:27am Jul 22, 2010 10:27am
Waiting see it breaks 1.2924/39 soft resistance areas to bull further & if fails with repeated try then bear may have to back again .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #274,206
  • Jul 22, 2010 10:31am Jul 22, 2010 10:31am
Quoting Mortician.
Nothing much to say but wait for PRICE ACTION to get to those RED LINES. We've already a BPC on the 14th at 1.2740. That trade is currently in progress, a bounce off the lower RED LINES will work, or a rejection trade from the upper RED LINES. Besides that? I will i just wait. Trading is also a waiting game, a stalking game.

This is the daily chart.

UPDATE on this POST.
http://www.forexfactory.com/showpost...stcount=273398

eur/usd bounced off, did a 1, 2,3/BPC on 1hour TRIGGER chart off that red line and it is now up. At +70 pips i already BE the trade.
Attached Image (click to enlarge)
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  • #274,207
  • Jul 22, 2010 10:32am Jul 22, 2010 10:32am
Quoting Atlast
then keep buying and see where it takes you.
I am short because I think the market has already priced in that pretty much all Banks will pass.
  • #274,208
  • Jul 22, 2010 10:44am Jul 22, 2010 10:44am
Thanks I bought on the dips, I am in at 1.2903 and 1.2907, with a stop at 1.2885

Dow is Still pushing higher, and Bernanke talking has not brought Euro down, so as long as the Equities continue to move higher, i think that will give more of a push to the Euro Dollar...

If we are able to break 1.2930 and sustain above that level...then 1.2955 will be the target.

We will see what will happen.



Quoting ubaidahsan
i have closed my previous longs from 2830-50 now enter again at 2910 with SL of 10 points let see how it goes..target is 2955..i can feel it is a same scenario like as we hit 2980-3000 first time price is consolidating not trying to go down so i think we will hit higher side ..let see how it goes expecting closing above my H1 middle TL...

Ub
  • #274,209
  • Jul 22, 2010 10:48am Jul 22, 2010 10:48am
Closed shorts. Some correlated markets still showing too much strength.
  • #274,210
  • Jul 22, 2010 10:56am Jul 22, 2010 10:56am
Need a weekley close above 1.3 to sustain this rally
  • #274,211
  • Jul 22, 2010 10:57am Jul 22, 2010 10:57am
Is this short term profit taking or reversal? Please educate "the novice"...not asking for signals here but just wanted to learn
  • #274,212
  • Jul 22, 2010 10:59am Jul 22, 2010 10:59am
Quoting Caravanpark
I am short because I think the market has already priced in that pretty much all Banks will pass.
The market has done no such thing. It's commercial activity and government banks buying the euro, with large speculators simply covering all shorts leading to fairly neutral holdings.
  • #274,213
  • Jul 22, 2010 11:00am Jul 22, 2010 11:00am
Firsthand failure at this level !! , lets see if find support at 2894 or 83 or even that not eough need more traction at 2869/48 ?
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #274,214
  • Jul 22, 2010 11:01am Jul 22, 2010 11:01am
Quoting fontu
Firsthand failure at this level !! , lets see if find support at 2894 or 83 or even that not eough need more traction at 2869/48 ?
fontu
i think we're heading to 2838 levels
rahul
  • #274,215
  • Jul 22, 2010 11:06am Jul 22, 2010 11:06am
We are getting PA bull confirmation on Daily TF. Double Low Higher Close
  • #274,216
  • Jul 22, 2010 11:07am Jul 22, 2010 11:07am
Quoting Atlast
The market has done no such thing. It's commercial activity and government banks buying the euro, with large speculators simply covering all shorts leading to fairly neutral holdings.
Crikey. Please respect the fact that other people may have different opinions to yours. Usually in forums people share their views and don't criticise other people's views whether or not they share them. Let's leave it at that.
  • #274,217
  • Jul 22, 2010 11:07am Jul 22, 2010 11:07am
This is following script as usual. Cruise thru the afternoon and then push up later.

Quoting Atlast
Closed shorts. Some correlated markets still showing too much strength.
  • #274,218
  • Jul 22, 2010 11:08am Jul 22, 2010 11:08am
watchin 2870ish....

we just closed london....so we'll see what ny wants to do from here.
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  • #274,219
  • Jul 22, 2010 11:12am Jul 22, 2010 11:12am
Quoting jillsaab
Is this short term profit taking or reversal? Please educate "the novice"...not asking for signals here but just wanted to learn
I would say some profit taking since european session is over and some short covering. Is this enough for a reversal?
  • #274,220
  • Jul 22, 2010 11:20am Jul 22, 2010 11:20am
Quoting Nene
This is following script as usual. Cruise thru the afternoon and then push up later.
yes, it's been a fairly predictable day, despite the volatility.
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