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  • #278,721
  • Aug 6, 2010 4:34am Aug 6, 2010 4:34am
Quoting fontu
Thanks , anything can happen during NFP & just ready for all sorts of movements . Even if a 200pips down ,can't go up initially 50 pips ? likely it can go there first . 3218 can easily expect though .
if all done whatever can back any up too but market may not be in hurry and next move big should be UP so far & I will shift fast for it too when done .
fontu
you are right but what i am looking or possibilities coming in my MIND it is that we can see since past 3 days its trying to upside but all time fail but it is still there not going down so what it means?eu and gu are not interested to go downside they are trying to break upside first before down..and i think first eu will hit 3320-40 and then down as you are expecting and same in GU 6050 and then down because if they will be interested to go down early so they went down already what do you say

Ub
  • #278,722
  • Aug 6, 2010 4:35am Aug 6, 2010 4:35am
iam confused i have long position 31670
what is advice fontu close it or leave it open i make the sl under trend line with 20 pip ?
  • #278,723
  • Aug 6, 2010 4:37am Aug 6, 2010 4:37am
Quoting ubaidahsan
so you are shorting EU and GU both with Big SL and targeting both 300-400 points down in next week??what is a reason??they won't broke imp resistance that is why or what??

Ub
My main good entries have less than 30 pips sl & others close take anytime as with movements not to hold long time for them when doubt .
Lets see if any big resistances or supports working against for a minimal retracement expected & continue up only . anything can happen & ready to take the consequences as an adult & perhaps mature enough by this time.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #278,724
  • Aug 6, 2010 4:40am Aug 6, 2010 4:40am
test upper trend and fall back
  • #278,725
  • Aug 6, 2010 4:40am Aug 6, 2010 4:40am
Current trend is sideways.
The downward trend can start its development in a case of the pair movement below the level of 1.3131, after that the arrival on the support level of 1.3000 will happen.
Upward trend can start its development in a case of the pair movement higher the level of 1.3228, after that the arrival on the resistance level of 1.3305 and 1.3400 will happen.

http://forexmillion.com/uploads/post..._eurusd-h1.gif
  • #278,726
  • Aug 6, 2010 4:40am Aug 6, 2010 4:40am
Well , I guess it's happening...
IMO, the pair should have gone south yesterday to around 1.3040/1,3050 in order to rebalance the pair but since someone didn't want it to happen, it might happen today.
By the way, did you see the spike in EUR/CHF? I wouldn't like to be in the shoes of those who are trading that pair. Wacky
  • #278,727
  • Aug 6, 2010 4:44am Aug 6, 2010 4:44am
Quoting ak4x
Then PM it for cryin out loud... What part of that don't you get?

Attacking anybodies religion has NOT happened here so don't even go down that road. Religion... anybodies religion, simply has NO PLACE here at FF... period.

You might as well drop it right now, cuz this sort of thing ain't gonna go on for another whole month. I think I can guarantee you that.

So far every single discussion on or about islamic issues at FF have eventually ended up in the Bin and that's probably where a number of these posts will go as well, and rightfully...
You started the all thing when picked on his phrase, as twee will easily see.

Please stop with this useless dispute that you created. Maybe the guilt is on London boring start. No motive to intimidate others.

By the way, Merry Christmas to you ( if you believe in it ).

AJR
Ready for War
  • #278,728
  • Aug 6, 2010 4:46am Aug 6, 2010 4:46am
Quoting T.E.Lawrence
I bought euro @3198, there seem to be pressure to the upside, if I'm wrong - will exit with -15 pips loss.
closed it with -12 pips loss.
  • #278,729
  • Aug 6, 2010 4:46am Aug 6, 2010 4:46am
and have come to the following guess:

let's imagine that numbers come in line with the forecast. then those are good for the us economy. EU starts to drop. down till the bottom of the flag:1.31 (my exact number is 3105).

yesterday someone posted a view where the positive numbers in the nfp could mean the opposite: good numbers = better economy= less risk aversion=weaker USD (thanks atlast and patiente for this explanation).

so EU in fact goes up and breaks the bull flag upwards.

just guess work though

hapipipin


Quoting sopel
yes, i'm favoring long too but expecting earlier false move to catch traders at bad site Move down from that 25 pip range before news and then like rocket to the sky

but who knows... maybe i will skip that trade
dreams do come true.
  • #278,730
  • Aug 6, 2010 4:47am Aug 6, 2010 4:47am
Bulls bought it up again from the Support Trendline.1-1 so far today.
  • #278,731
  • Aug 6, 2010 4:49am Aug 6, 2010 4:49am
see you guys after 2 hour going to pray
keep it up
  • #278,732
  • Aug 6, 2010 4:51am Aug 6, 2010 4:51am
Quoting wannaberich
and have come to the following guess:

let's imagine that numbers come in line with the forecast. then those are good for the us economy. EU starts to drop. down till the bottom of the flag:1.31 (my exact number is 3105).

yesterday someone posted a view where the positive numbers in the nfp could mean the opposite: good numbers = better economy= less risk aversion=weaker USD (thanks atlast and patiente for this explanation).

so EU in fact goes up and breaks the bull flag upwards.

just guess work though

hapipipin

Currently good data from US = less risk aversion so people sell dollars. Bad data from the US = "Uh oh, US is in trouble, better sell dollars". SM can spin this shit however they want. This is why trading in anticipation of news is pointless.
  • #278,733
  • Aug 6, 2010 4:52am Aug 6, 2010 4:52am
10 minutes before German Industrial Production m/m.

However probably no impact on the pair, until big show of today !
  • #278,734
  • Aug 6, 2010 4:54am Aug 6, 2010 4:54am
Quoting Mr Bull
Well , I guess it's happening...
IMO, the pair should have gone south yesterday to around 1.3040/1,3050 in order to rebalance the pair but since someone didn't want it to happen, it might happen today.
By the way, did you see the spike in EUR/CHF? I wouldn't like to be in the shoes of those who are trading that pair. Wacky
Here' s the cause
S&P withdraws AAA/A-1+ ratings on Swiss National Bank

Source:
www.forexlive.com

What a pity. Downgrading naughty SNB...
  • #278,735
  • Aug 6, 2010 4:55am Aug 6, 2010 4:55am
Looking at the hourly chart starting to look v much like a symmetrical triangle pattern, which are usually continuation patterns so would expect the original trend to continue, ie UP.

But then again NFP could throw a complete spanner in the works
  • #278,736
  • Edited 5:06am Aug 6, 2010 4:55am | Edited 5:06am
Who will be the NFP winners and losers and today. UBS Zurich says with a positive print, USD will rise against EUR and JPY. But a disappointing number will see CHF and JPY gain against USD. "We also expect the CAD to have the highest beta to the release among dollar bloc currencies," the bank adds. The US employment report is due at 1230 GMT.Economists at Pipraider Global Markets forecast NFP to come out at +10k and Unemployment rate at 9.3% which indicates a positive print.
  • #278,737
  • Aug 6, 2010 4:57am Aug 6, 2010 4:57am
62K better than the previous (-125K). If the actual number is better than forecast, the pair could continue its bearish correction. On the other hand, if the actual number is worse than expected, price may resume its bullish scenario. But whatever the result, usually market will be very volatile during this data release.
  • #278,738
  • Aug 6, 2010 4:59am Aug 6, 2010 4:59am
German Industrial Production is due in seconds….

Looking at yesterday German Factory Orders (above expect) …. any thoughts?
  • #278,739
  • Aug 6, 2010 5:01am Aug 6, 2010 5:01am
Usdx , looking it up.will check after 2 hrs ,better rest before.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #278,740
  • Aug 6, 2010 5:02am Aug 6, 2010 5:02am
Long anybody?
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