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  • #299,861
  • Oct 3, 2010 1:08pm Oct 3, 2010 1:08pm
I like all the long term analytics and charts. Its good to see EU thread regulars hit points on Daily, Weekly, Monthly timeframes.

Something we're not use to seeing in this thread.
  • #299,862
  • Oct 3, 2010 1:10pm Oct 3, 2010 1:10pm
Quoting jjam
...
e/u is touching the upper tl - and there are many divergences; so i think that we should see some retrace.

The fed wants a weak dollar and that is the major reason for a stronger e/u on a long term view.


We will have more certanty in the next days.
Pecunia non olet
  • #299,863
  • Oct 3, 2010 1:12pm Oct 3, 2010 1:12pm
Quoting wm-eu
e/u is touching the upper tl - and there are many divergences; so i think that we should see some retrace.

The fed wants a weak dollar and that is the major reason for a stronger e/u on a long term view.


We will have more certanty in the next days.
Trade what you see, not what the FED, Soros or anybody else in the news wants and you'll be fine.
  • #299,864
  • Oct 3, 2010 1:20pm Oct 3, 2010 1:20pm
Quoting Jhig
I like all the long term analytics and charts. Its good to see EU thread regulars hit points on Daily, Weekly, Monthly timeframes.

Something we're not use to seeing in this thread.
this how i trade
http://www.forexfactory.com/showpost...5&postcount=56
positions will b close one by one next 10 trading days
Have 5 open positions for each pair
  • #299,865
  • Oct 3, 2010 1:21pm Oct 3, 2010 1:21pm
Current interbank price is @ 1.3800 :-)
  • #299,866
  • Oct 3, 2010 1:40pm Oct 3, 2010 1:40pm
Quoting egkid
this how i trade
http://www.forexfactory.com/showpost...5&postcount=56
positions will b close one by one next 10 trading days
Have 5 open positions for each pair
Hi egkid , hope all well but you took long term trade at a very high level , perhaps close early entries before .gu doing well & have good chance go 1.60 to 1.6276 though .resistance developeved daily at 1.5922 & may test support 1.5531 as her H4 tf .
wish you good luck .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #299,867
  • Oct 3, 2010 1:45pm Oct 3, 2010 1:45pm
Quoting egkid
this how i trade
http://www.forexfactory.com/showpost...5&postcount=56
positions will b close one by one next 10 trading days
have 5 open positions for each pair
يا اخى بعتلك تعليق طلبت منك ميلك من سنه و انت ولا عبرتنى
ممكن اعرف السبب ؟؟
  • #299,868
  • Oct 3, 2010 2:02pm Oct 3, 2010 2:02pm
Quoting egkid
this how i trade
http://www.forexfactory.com/showpost...5&postcount=56
positions will b close one by one next 10 trading days
Have 5 open positions for each pair
You and me both buddy!

All my analytics are Daily, Weekly, Monthly, Quarterly, and Yearly timeframes. I love the big picture.

My entry/exit intraday trading is only on the 4H timeframes. Nothing lower.

I hate seeing traders analyse the the market long term using 5Min, 30Min, and 1H intraday time frames. It bothers me.
  • #299,869
  • Oct 3, 2010 2:15pm Oct 3, 2010 2:15pm
Quoting Jhig
You and me both buddy!

All my analytics are Daily, Weekly, Monthly, Quarterly, and Yearly timeframes. I love the big picture.

My entry/exit intraday trading is only on the 4H timeframes. Nothing lower.

I hate seeing traders analyse the the market long term using 5Min, 30Min, and 1H intraday time frames. It bothers me.
i second that
  • #299,870
  • Oct 3, 2010 2:20pm Oct 3, 2010 2:20pm
Quoting mfoste1
i second that
if you enter on a lower time frame such as the hourly you risk less
  • #299,871
  • Oct 3, 2010 2:24pm Oct 3, 2010 2:24pm
Quoting CaveatEmptor
if you enter on a lower time frame such as the hourly you risk less

how do you figure that?.......risk is purely a function of the trader, nothing else. The amount of risk youre willing to take on is determinant by your stop. Risk isnt defined by tfs, instruments, markets or anything else of that matter. To say that any market or tf is risky or not risky is naive.
  • #299,872
  • Edited 2:48pm Oct 3, 2010 2:36pm | Edited 2:48pm
I see xe. com showing eu 1.3802 & I have one pending short at 381o , hope will see green pips next morning while price may go towards 1.3326 any levels down ok, hammer down expected .support 3402 .61.8% fib overhead 3890.
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #299,873
  • Oct 3, 2010 2:44pm Oct 3, 2010 2:44pm
here is my chart........the equidistant channel that everyone has been drawing looks to have been broken. There is a lot of resistance around 4000 on all of my charts.

My advice to noobs trading real capital this week: USE STOPS, we are entering a very volatile period in the currency markets right now. If you do not use stops, you WILL blow ur account. Ask anyone who has traded during the 08' crisis, price can move hundreds of pips in no time. Trust me, your borker isnt hunting your stops, so dont worry about that. The market however will be hunting everyones stops.

I probably won't be in here that much this week due to a busy week with school and trading 3 accounts(2 fx, 1 commodities futures). But I'll stop in on my downtime and post charts if I see anything. Good luck
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  • #299,874
  • Oct 3, 2010 2:53pm Oct 3, 2010 2:53pm
Quoting mfoste1
here is my chart........the equidistant channel that everyone has been drawing looks to have been broken. There is a lot of resistance around 4000 on all of my charts.

My advice to noobs trading real capital this week: USE STOPS, we are entering a very volatile period in the currency markets right now. If you do not use stops, you WILL blow ur account. Ask anyone who has traded during the 08' crisis, price can move hundreds of pips in no time. Trust me, your borker isnt hunting your stops, so dont worry about that. The market however...
Right on the money!

I said the exact same thing to some fellow traders on Friday. Expect a fast, violent move upwards. Protect your equity. Once. 1.40 is reached I'll be done with longs and will wait it out for bears to take over. If price cont past 1.40, price action will be crazy.
  • #299,875
  • Oct 3, 2010 3:00pm Oct 3, 2010 3:00pm
I am seeing a slight gap down on opening EUR/USD. $DXY is making a little gain before the opening of the session.
  • #299,876
  • Edited 3:14pm Oct 3, 2010 3:02pm | Edited 3:14pm
good evening guys.

as we literally ripped through anything on the way up, supply seems to have been eliminated by now.

there is just another thought i had during the weekend: if there was a severe intervention from BoJ in the near future, it would make sense to pump eu beforehand, because during the last intervention everything was kept in balance, which must have cost a lot of money... a severe intervention with such a high eu then could be realized with less care for eu... or is that nonsense?

bias is bullish, for i don't see any immediate reason to stop this crap before 1.3985.
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  • #299,877
  • Oct 3, 2010 3:07pm Oct 3, 2010 3:07pm
Quoting Mr Hatch
good evening guys.

as we literally ripped through anything on the way up, i don't see any reason to even think of a retracement before 1.3895 right now. supply seems to have been eliminated.

there is just another thought i had during the weekend: if there was a severe intervention from BoJ in the near future, it would make sense to pump eu beforehand, because during the last intervention everything was kept in balance, which must have cost a lot of money... a severe intervention with such a high eu then could be realized with less care for eu......
The thing is, If a Central bank Intervenes in the market by buying USD they'll most likely diversify the currency they bought ( In this case the USD ) into other currencies like EUR, GBP, AUD. If they won't they'd be weighed to much in Dollars what is quite a risk.
  • #299,878
  • Oct 3, 2010 3:17pm Oct 3, 2010 3:17pm
Does anybody think the CNY bank holidays until Thursday will have any effect on the movement of the EURUSD since they are buying so many EUR's and have suposidely committed to helping Greece?
Today's zone = Tomorrow's opportunity!
  • #299,879
  • Oct 3, 2010 3:32pm Oct 3, 2010 3:32pm
Quoting pres78
Does anybody think the CNY bank holidays until Thursday will have any effect on the movement of the EURUSD since they are buying so many EUR's and have suposidely committed to helping Greece?
Interesting supposition. I might add that if I remember correctly,Wen did not say help would start immediately,but after markets stabilized.
  • #299,880
  • Oct 3, 2010 3:35pm Oct 3, 2010 3:35pm
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