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EURUSD

  • #278,241
  • Aug 5, 2010 5:39am Aug 5, 2010 5:39am
Quoting jimmyloz
view daily wedge be careful
again in the wedge
  • #278,242
  • Aug 5, 2010 5:40am Aug 5, 2010 5:40am
Quoting Atlast
they are trying to prevent the overheat, and will do so. Clearly globally it's still going to be very subdued growth, and as far a EU is concerned even negative growth, that's what austerity measures will do.
"A new discussion paper from the ETUC examines the potential impact of...
interested info
  • #278,243
  • Aug 5, 2010 5:42am Aug 5, 2010 5:42am
Quoting Atlast
don't panic, there are 2 sessions in a day. if the pain is too much for your accont, just wait for a retrace and close it. R1 1.3225.

Yes, and try to learn from this... your loss is part of the tuition fee... So write down, what went wrong, why it went wrong, what you could have done differently and so forth...
  • #278,244
  • Aug 5, 2010 5:42am Aug 5, 2010 5:42am
Quoting egymedo
gatorinla how r u ?

sell EUR from 3140 what u advise???
Looking at 5MIN chart:

1-RSI is overbought ....

2-SMA 50 is at 50 pips away....

3-SMA 21 is showing slow movement ahead


Could mean a retrace is coming (maybe )

You will probably need to decide on target SL's above current price, and TL to close your trade.

Good luck
  • #278,245
  • Aug 5, 2010 5:48am Aug 5, 2010 5:48am
Quoting Atlast
......Which is the global reserve currency? or has china already launched it's attack on the dollar.
Yeah, well it hasn't got much else going for it. It's turning into a nanny state just like the UK. Of course austerity measures will bring subdued growth but at least they are trying to do something about it. When I've overspent I don't carry on overspending. I cut. It's not very nice but I get through it. I think the US take for granted that they have the global reserve currency. One day it's going to bite them in the arse just after they have sold off everything to their Eastern counterparts.
Nothing worth having is easy.
  • #278,246
  • Edited 6:00am Aug 5, 2010 5:50am | Edited 6:00am
I am looking to sell at R1 (Edit 1.3228) with 5 pip SL (EDIT: 8 pip), TP , daily pivot.
  • #278,247
  • Aug 5, 2010 5:50am Aug 5, 2010 5:50am
Quoting hytham
Looking at 5MIN chart:

1-RSI is overbought ....

2-SMA 50 is at 50 pips away....

3-SMA 21 is showing slow movement ahead


Could mean a retrace is coming (maybe )

You will probably need to decide on target SL's above current price, and TL to close your trade.

Good luck ...
its not looking in mood to take correction

Ub
  • #278,248
  • Aug 5, 2010 5:51am Aug 5, 2010 5:51am
Quoting Larseg
Yes, and try to learn from this... your loss is part of the tuition fee... So write down, what went wrong, why it went wrong, what you could have done differently and so forth...
Can I try? I can do it.
I think what went wrong was the Positive Greek assessment by IMF. This suddent climb was caused by these news.
What we could have done differently? We could have put what I call a buy stop for false breakouts.
  • #278,249
  • Aug 5, 2010 5:53am Aug 5, 2010 5:53am
sto looking for more long 4H chart
  • #278,250
  • Aug 5, 2010 5:55am Aug 5, 2010 5:55am
Quoting hytham
Looking at 5MIN chart:

1-RSI is overbought ....

2-SMA 50 is at 50 pips away....

3-SMA 21 is showing slow movement ahead


Could mean a retrace is coming (maybe )

You will probably need to decide on target SL's above current price, and TL to close your trade.

Good luck
Thank you for explaining what you are looking at compared to most guys in here now thats A+ game...

The problem with RSI is that when we are trending it gives many false positives which will reflect on your acc.

But I have to agree with you for consolidation, I don't like these fast moves upwards... they tend to last for a shorter period of time...

So if your not in for the loong haul it can be tough times ahead when the majority of traders coming after you expect 1.36-1.38 to become a reality pyramiding up if the pullback occurs looking at 1H
  • #278,251
  • Aug 5, 2010 5:55am Aug 5, 2010 5:55am
i belive it will retrace bACK
  • #278,252
  • Aug 5, 2010 5:56am Aug 5, 2010 5:56am
DXY H1 is also on Res. so i suppose a pullback by EU
Attached Image (click to enlarge)
Click to Enlarge Name: dxy h1.gif Size: 22 KB
  • #278,253
  • Aug 5, 2010 5:57am Aug 5, 2010 5:57am
Quoting ubaidahsan
its not looking in mood to take correction

Ub
just a matter of time.
  • #278,254
  • Aug 5, 2010 5:57am Aug 5, 2010 5:57am
Quoting Mr Bull
Can I try? I can do it.
I think what went wrong was the Positive Greek assessment by IMF. This suddent climb was caused by these news.
What we could have done differently? We could have put what I call a buy stop for false breakouts.

Well done... But speaking and doing is two different things
  • #278,255
  • Aug 5, 2010 6:02am Aug 5, 2010 6:02am
Quoting Larseg
Thank you for explaining what you are looking at compared to most guys in here now thats A+ game...

The problem with RSI is that when we are trending it gives many false positives which will reflect on your acc.

But I have to agree with you for consolidation, I don't like these fast moves upwards... they tend to last for a shorter period of time...

So if your not in for the loong haul it can be tough times ahead when the majority of traders coming after you expect 1.36-1.38 to become a reality pyramiding up if the pullback occurs looking...

Could not agree more....

Just looking for signs that may indicate retracement is coming though the trend is clearly north (this is the pair main driver at this time).

At the same time, SL is required if pair decides to neglect these signs and continue moving north.

Thanks for the note..
  • #278,256
  • Aug 5, 2010 6:02am Aug 5, 2010 6:02am
Anyone closed longs and tp? For me taking profit is much harder to decide than making entry.
  • #278,257
  • Aug 5, 2010 6:05am Aug 5, 2010 6:05am
Quoting bad$ala
Anyone closed longs and tp? For me taking profit is much harder to decide than making entry.
Close whenever there's a sign of reversal / opportunity to short.
  • #278,258
  • Aug 5, 2010 6:08am Aug 5, 2010 6:08am
Just found this article on the web relating to today’s announcement:

http://blogs.fxstreet.com/marketread...decision-time/

could be right? ....could be wrong? ... you decide
  • #278,259
  • Aug 5, 2010 6:09am Aug 5, 2010 6:09am
Quoting bad$ala
Anyone closed longs and tp? For me taking profit is much harder to decide than making entry.
you are Right in that man
  • #278,260
  • Aug 5, 2010 6:10am Aug 5, 2010 6:10am
Free analysis and S/R levels every day.


http://www.mizuho-cb.co.uk/TresInter...X_-_Majors.htm
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