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EURUSD

  • #301,121
  • Oct 5, 2010 1:56pm Oct 5, 2010 1:56pm
do you think this is right time to short?
  • #301,122
  • Oct 5, 2010 1:56pm Oct 5, 2010 1:56pm
Quoting Mr Hatch
well, i could have told them before spreading the news about qe-II-nonsense.
Yes, seems like common sense is sometimes the last thing to come around. New business and stronger manufacturing will benefit when banks can lend. Money Market is the prudent way. Finally some common sense thought being considered instead of just throwing money with QE2 and hoping it sticks.
  • #301,123
  • Oct 5, 2010 1:57pm Oct 5, 2010 1:57pm
Quoting Sunsi
Good luck!
Hoping for a correction myself
I think it should make it through R2(D2 - I crack myself up!)

I'm revising my estimates...R2 is typically a fairly weak resistance/support level. I think it could fall all the way to the previous day's high (if memory serves me correctly thats in the .3791 range)

3pm is coming, so hopefully some major profit taking will happen.
  • #301,124
  • Oct 5, 2010 2:01pm Oct 5, 2010 2:01pm
Quoting Redeemed1
Yes, seems like common sense is sometimes the last thing to come around. New business and stronger manufacturing will benefit when banks can lend. Money Market is the prudent way. Finally some common sense thought being considered instead of just throwing money with QE2 and hoping it sticks.
those guys earn a shitload of money from doing things like that to us, which sucks to be honest. :nerd:
  • #301,125
  • Oct 5, 2010 2:02pm Oct 5, 2010 2:02pm
Quoting jdlev
I think it should make it through R2(D2 - I crack myself up!)

I'm revising my estimates...R2 is typically a fairly weak resistance/support level. I think it could fall all the way to the previous day's high (if memory serves me correctly thats in the .3791 range)

3pm is coming, so hopefully some major profit taking will happen.
I understand what you are saying. Let`s see.
  • #301,126
  • Oct 5, 2010 2:03pm Oct 5, 2010 2:03pm
Quoting gatorinla

if 3668 then 3659 is not breached.. then up we go.. resistance at 38051 getting stronger @ 3879.4... older chart that stopped this move at 3334 (last recent top) has resistance at 3855... targets on these 2 charts go to much higher..

st chart has 3859.
3668 did not hold. so here we are. at the current time we topped within a pip of 3859. i usually dont trust these cause pa always wants its pip, when so close. it still may come back and get it. but at same time we hit 3859 the usdx hit a target. at 77.74 (currently at 77.74 with a low at 77.67).. i got a stong support at 77.57.......... anyway we usually bounce after targets are hit..

above this using 77.57 as a bounce potential. resistance at 38794 and target 3894 + s... we are toppy... but the trend is the trend..
those who can, do. those who cant, talk about those who can
  • #301,127
  • Oct 5, 2010 2:06pm Oct 5, 2010 2:06pm
Quoting Sunsi
What do you have as your target points, and in which timeframe do you expect to get there?
3691 from smaller tf M30 for minimum retracement as upside still not reached the target3888-3920 sl there with pending shorts also . perhaps next day may see the trade active .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #301,128
  • Oct 5, 2010 2:06pm Oct 5, 2010 2:06pm
Going to regret being so adventerous today, but I have so many supports right here on the short term 5/15's that I put a ***small*** long in for sometype of scalp. Wonder if I'll be glued to the screen over a few pennies till Tokyo.
  • #301,129
  • Oct 5, 2010 2:06pm Oct 5, 2010 2:06pm
Quoting gatorinla
3668 did not hold. so here we are. at the current time we topped within a pip of 3859. i usually dont trust these cause pa always wants its pip when so close. it still may come back and get it. but at same time we hit 3859 the usdx hit a target. at 77.74 (currently at 77.74 with a low at 77.67).. i got a stong support at 77.57.......... anyway we usually bounce after targets are hit..

above this using 77.57 as a bounce potential. resistance at 38794 and target 3894 + s... we are toppy... but the trend is the trend..
Your analisys are excelent! This one was spot on!
I am impressed! Hope you traded it for a nice profit!

How did you calculate yourself to that answer? Which timeframes are you using when you trade?

  • #301,130
  • Oct 5, 2010 2:07pm Oct 5, 2010 2:07pm
Quoting mercy seat
Closed 92% of my position from 1.3838 at 1.38252 in the time between ...

http://cdn.forexfactory.com/images/attach/gif.gif

2010-10-05 _ zigzagtracktracer (18h44 CET) EUR-USD 010min _ 000.GIF (39.8 KB)

Rest of 8% may travel where it wants to ... I don't care now ... three hours validation for profit stops at 1.3811 ... four hours validation for profit stops at 1.3798 ... four hours validation stop loss at...
Re-entered short at 1.38570 ... sequestrated 92% at 1.3845 ... stop loss for the rest of positions again at 1.3875 ... further adjustment later ...

http://cdn.forexfactory.com/images/attach/gif.gif

2010-10-05 _ zigzagtracktracer (20h48 CET) EUR-USD 010min _ 000.GIF (31.3 KB)

With this move DPR-2 has been hit ... two hours prior to IMM closing ... new value dates will be calculated then ... swaps and rollover etcetera ...

EURO ist still in a strong bullish mode ... we know that ... écart is higher than 220 ... but ... so what ... we cashed and covered more than enough of this in total - though with interuptions and adjustments en toutes directions ... at least we are more than content with the day ...

und gut iss
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-05 _ zigzagtracktracer (20h48 CET) EUR-USD 010min _ 000.GIF Size: 31 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #301,131
  • Oct 5, 2010 2:12pm Oct 5, 2010 2:12pm
Quoting T@rantula
At last.3/8-5/8-5/8-6/8 swing completed.
Hi T@rantula!

Do you see a divergence on 4h TF?
  • #301,132
  • Oct 5, 2010 2:14pm Oct 5, 2010 2:14pm
Quoting techno79
Going to regret being so adventerous today, but I have so many supports right here on the short term 5/15's that I put a ***small*** long in for sometype of scalp. Wonder if I'll be glued to the screen over a few pennies till Tokyo.

It just cracked a few (albeit extremely weak) supports on the 5. I've been glued for the past 30 minutes lol
  • #301,133
  • Oct 5, 2010 2:15pm Oct 5, 2010 2:15pm
Quoting Geppy
Depends what you feel "holding" is....
Really good post!
They think they are smarter than I am.
  • #301,134
  • Oct 5, 2010 2:18pm Oct 5, 2010 2:18pm
Weakness indicated while stocks going up, eur/usd not respectively.
Its trying so hard....

Still obliged to see retrace down to 1.38 before further move up.
They think they are smarter than I am.
  • #301,135
  • Oct 5, 2010 2:19pm Oct 5, 2010 2:19pm
This going so slow! It`s almost Boring.
What do yo guys do when the market is like this?
I am getting exited over 2 pip moves. =/
  • #301,136
  • Oct 5, 2010 2:23pm Oct 5, 2010 2:23pm
Quoting jdlev
It just cracked a few (albeit extremely weak) supports on the 5. I've been glued for the past 30 minutes lol
Haha. Thanks to someone else posting I forgot about interest in the next 90 minutes. Would've eaten up anything I got. Sold for a nanoscopic profit or breakeven whenever my broker processed.

I thought it felt safe because the uptrend channel was still there, how many supports and a channel can you break on this volume? Mind you this was short term for a few pips, not a major trade.
  • #301,137
  • Edited 2:37pm Oct 5, 2010 2:24pm | Edited 2:37pm
dumped my position and made a lil scratch...looks like that was short lived...wonder what them crazy asians are gonna do...

Edit...dammit dumped it 5 minutes too soon....hit R2D2 right smack in the face!!
  • #301,138
  • Oct 5, 2010 2:25pm Oct 5, 2010 2:25pm
Quoting Redeemed1
Yes, seems like common sense is sometimes the last thing to come around. New business and stronger manufacturing will benefit when banks can lend. Money Market is the prudent way. Finally some common sense thought being considered instead of just throwing money with QE2 and hoping it sticks.
The rate increase would help the mom & pop banks - their margins are too low with the low rates that are currently in effect across the board - and it all starts at the Frd. I have ready over and over in the stories of the failing banks that they can't make enough with current low rates to cover management fees.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #301,139
  • Oct 5, 2010 2:30pm Oct 5, 2010 2:30pm
Quoting gatorinla
3668 did not hold. so here we are. at the current time we topped within a pip of 3859. i usually dont trust these cause pa always wants its pip, when so close. it still may come back and get it. but at same time we hit 3859 the usdx hit a target. at 77.74 (currently at 77.74 with a low at 77.67).. i got a stong support at 77.57.......... anyway we usually bounce after targets are hit..

above this using 77.57 as a bounce potential. resistance at 38794 and target 3894 + s... we are toppy... but the trend is the trend..
w/o a new top.. pullback to 3824 and mid at 3841 with respect.. this would be #1... #2 mid is 3824 and target at 3790
those who can, do. those who cant, talk about those who can
  • #301,140
  • Oct 5, 2010 2:35pm Oct 5, 2010 2:35pm
Quoting gatorinla
w/o a new top.. pullback to 3824 and mid at 3841 with respect.. this would be #1... #2 mid is 3824 and target at 3790
How lng do you think it will take before we can go to 1.3790?
And do you think it will go trough R2 at 3832 without any problems?
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