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EURUSD

  • #283,741
  • Aug 19, 2010 8:33am Aug 19, 2010 8:33am
back to 50-53 if this dont hold short will be considered for me
  • #283,742
  • Aug 19, 2010 8:33am Aug 19, 2010 8:33am
Quoting moonchild
I just cannot convince myself of that. I am waiting for the current 1H to close. Seems to have one very long upper wick, too long for my comfort.

Wondering whether this is just a reaction to news and that we will now see the usual post news fade.
It is a reaction to the Merger and Acquisition deal. Intel has offered to buy Mcaffee with about 7.7 billion in cash. This caused the stock market to shoot up

The unemployment claims data came out tipping 500k. This put a damper on the bulls parade.

Remember the USD strengthens when equities fall and weakens as equities rise due to the current risk environment of the currency market. Bad unemployment claims data makes for a bullish USD. If the numbers were positive it would actually make for a bearish USD.
  • #283,743
  • Aug 19, 2010 8:35am Aug 19, 2010 8:35am
Quoting forexings
Bear trying hard to set back on track before H4 candlestick close.
Lets see if she can. Otherwise bull will set resistance there and run on
My perpective also. If the next candle opens in the other side of the trendline, there are good chances of going up. But of course, we have to count with the next news reaction.
  • #283,744
  • Aug 19, 2010 8:40am Aug 19, 2010 8:40am
Inserted Video
  • #283,745
  • Aug 19, 2010 8:42am Aug 19, 2010 8:42am
Quoting TripeiroFX
sorry my chart
Nice pivot indicator. Can you upload it pls ?
  • #283,746
  • Aug 19, 2010 8:46am Aug 19, 2010 8:46am
Quoting mfoste1
what tl? what are you talking about
Can you see the trendline in these charts?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.gif Size: 32 KB
Click to Enlarge Name: H4.jpg Size: 513 KB
  • #283,747
  • Aug 19, 2010 8:49am Aug 19, 2010 8:49am
???
Are you sure of what you are saying?. In any case IMO, things are a little more complex than that but that's a discussion for after hours.

sisse

Quoting Maxsmart
Remember the USD strengthens when equities fall and weakens as equities rise due to the current risk environment of the currency market. Bad unemployment claims data makes for a bullish USD. If the numbers were positive it would actually make for a bearish USD.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #283,748
  • Aug 19, 2010 8:52am Aug 19, 2010 8:52am
Quoting Mr Bull
Can you see the trendline in these charts?
what a mess but sometimes its good to hold trend lines for longer term.
Earlier my EUR/GBP looked like spider web lol
  • #283,749
  • Aug 19, 2010 8:53am Aug 19, 2010 8:53am
Quoting Blicas
Thank god at least one of them has a guy's name: Joseph

That's probably the woman.

I guess their parents never heard the Johnny Cash song "Boy named Sue"
  • #283,750
  • Aug 19, 2010 8:53am Aug 19, 2010 8:53am
Quoting sisse
???
Are you sure of what you are saying?. In any case IMO, things are a little more complex than that but that's a discussion for after hours.

sisse
Yes I'm sure. It's been that way for the last 2 years with risk aversion ruling the market. Ask any CTA. In normal market conditions that is not the case. But obviously since 2008. Since the euro topped out at 1.60 and dollar has been bought as safe haven asset during economic uncertainty that has been the case. I'm not even sure how traders are not aware of this at this point. We hear it repeated over and over again like a broken record.
  • #283,751
  • Aug 19, 2010 8:55am Aug 19, 2010 8:55am
Quoting sopel
what a mess but sometimes its good to hold trend lines for longer term.
Earlier my EUR/GBP looked like spider web lol
You have to confess is pretty clean and easy to understand comparing with some charts people show here
  • #283,752
  • Aug 19, 2010 8:56am Aug 19, 2010 8:56am
yes, that for sure.
  • #283,753
  • Aug 19, 2010 8:57am Aug 19, 2010 8:57am
Quoting Masrim
Muahahah! Cheers to everybody short equities!!! 500k IN YO FACE PP
Double cheers to equity bears! Excellent perfomance today! Champagne is on me!!! I'm now square and man was business good these days or what?! Happy trading all!
  • #283,754
  • Aug 19, 2010 8:59am Aug 19, 2010 8:59am
Let's see the final piece of news! If it is bad a further drop is imminent! Else consolidation.
  • #283,755
  • Aug 19, 2010 9:01am Aug 19, 2010 9:01am
BOOYAH!!! 10300 here we go DD
  • #283,756
  • Aug 19, 2010 9:02am Aug 19, 2010 9:02am
time to break 2900
  • #283,757
  • Aug 19, 2010 9:03am Aug 19, 2010 9:03am
Thats a serious bad number ... Thats not good at all.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #283,758
  • Aug 19, 2010 9:03am Aug 19, 2010 9:03am
risk aversion on its way
  • #283,759
  • Aug 19, 2010 9:04am Aug 19, 2010 9:04am
Manufacturing in total collapse! Negative readings! Here we go. Btw the dollar should get hammered!
  • #283,760
  • Aug 19, 2010 9:04am Aug 19, 2010 9:04am
tipping point.........au short locked in @ weekly pivot.
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