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EURUSD

  • #303,741
  • Oct 10, 2010 5:33pm Oct 10, 2010 5:33pm
Quoting pres78
Wow it's going to be a long week... I don't know what I was thinking or if I saw this on another pair (or perhaps dreamt it )...

My statement was wrong and I looked back and see no gaps unfilled... sorry about that. It would be my luck though .
no problem, it's good have them filled ;-)

btw: gold rising, dollar rising... wtf?
  • #303,742
  • Oct 10, 2010 5:35pm Oct 10, 2010 5:35pm
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  • #303,743
  • Oct 10, 2010 5:37pm Oct 10, 2010 5:37pm
The meeting was a fizzer and we march on to 1.4500.
As the US blame China for its currency manipulation the rest of world are saying to the US, BS under their breath.
The US have been currency manipulators for years. Last time it was Japan back in 1985 and now China.
Japan folded because of the US/Japanese ties after WW2, however China wont suffer like they did.
The US will still need to print and the dollar will fall further..Friday saw a bail our of weak currency longs and this morning weak shorts..
Whippy stuff.. US holiday and Japan out.. it could be thumb twiddling before Europe
  • #303,744
  • Oct 10, 2010 5:38pm Oct 10, 2010 5:38pm
Not many countries want a weak USD. I think it could be an even steeper mountain to climb. EZ industry #s will start to reflect the need for a cheaper Euro soon. When that happens, the EZ "facts" will outweigh USD sentiment. Couple that with the jet up in oil and gold...the stage is set for a nice dive.
  • #303,745
  • Oct 10, 2010 5:40pm Oct 10, 2010 5:40pm
Quoting infinitus
Hi chronchy,

thank you for providing your patent here :-)


But keep in mind: Touching this trendline would imply, that EURUSD are in a broad corrective pattern.

If it is not the case, EURUSD will "accelerate" to the downside (due to wave 3 action), so stay alerted.

Best to you, Markus
the patent pending thingy was just a joke Markus je, je sorry.....

looking forward to know more about waves, will got to your blog after posting this, to learn more, but......

the way I read the chart I posted is that we are on a retracement of the big trend that started on the bigining of the euro (0.80xx) to 1.6037, so we retraced to 1.1875 and now we are going to continue the trend and pass 1.60xx if we don't pass the higher high then we will keep retracing to pass 1.1875 to the 100% retrace of the move from the begining of the euro to the 1.6037, this is the first time that you see it like this but that is how I see it and correct me if I'm wrong, if you notice the first went to 1.60xx and retraced , then it went to the other high, now it needs another high to the UTL that I posted, if it breake it. it will continue north his up trend, wish I douthg with all the global uncertenity but it may breake that UTL, if the euro stays with no bail outs and thing like that, and Ben keeps printing, if it bounce it will look for the 100% retrace of the first high, my 2 centslove your posts on elliot wves by the way
The Chonchy
  • #303,746
  • Oct 10, 2010 5:43pm Oct 10, 2010 5:43pm
Quoting pres78
Right... my luck it would go the other way. The last gap never did get closed.
It gapped up into supply. A novice gap in my view. 2 dojis on daily, so this was an easy trade for me to go short. Deja vu from last week's open!
  • #303,747
  • Oct 10, 2010 5:45pm Oct 10, 2010 5:45pm
Quoting bbakker
It gapped up into supply. A novice gap in my view. 2 dojis on daily, so this was an easy trade for me to go short. Deja vu from last week's open!
good luck to you for this week. i tried to follow s/d-zones last week, but as you saw yourself... they weren't really there.
  • #303,748
  • Oct 10, 2010 5:45pm Oct 10, 2010 5:45pm
Quoting tonyo524
Please post chart of this.
1.42+ Tuesday afternoon.

P.S now it should settle down, so big boys can reset their positions..

Low 1.39? or so, before 200+ pips jump..
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  • #303,749
  • Oct 10, 2010 5:46pm Oct 10, 2010 5:46pm
Quoting bbakker
It gapped up into supply. A novice gap in my view. 2 dojis on daily, so this was an easy trade for me to go short. Deja vu from last week's open!
And what price are you targeting?
Today's zone = Tomorrow's opportunity!
  • #303,750
  • Oct 10, 2010 5:49pm Oct 10, 2010 5:49pm
EURUSD, Weekly, 2010 October 11

Good time thinking about some shorts.
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  • #303,751
  • Oct 10, 2010 5:49pm Oct 10, 2010 5:49pm
Quoting SkyzerFX
1.42+ Tuesday afternoon.

P.S now it should settle down, so big boys can reset their positions..

Low 1.39? or so, before 200+ pips jump..
Some are saying 1.3875 - 1.3925 as possible re-load zone. That is were I will look to get back in long as I have closed all open positions.
Today's zone = Tomorrow's opportunity!
  • #303,752
  • Oct 10, 2010 5:50pm Oct 10, 2010 5:50pm
Hi,

I'm new to forex, and on friday I had a long trade with TP 1.3990. If the market opened at 1.40, which TP should I get the 1.3990 or the 1.4 one? For ur info, the broker gave me my original Tp, but I was just wondering if the position was reverse and the opening was passed my sl, which one would they give me?

Thanks for your help.
  • #303,753
  • Oct 10, 2010 5:51pm Oct 10, 2010 5:51pm
Quoting SkyzerFX
1.42+ Tuesday afternoon.

P.S now it should settle down, so big boys can reset their positions..

Low 1.39? or so, before 200+ pips jump..
why tuesday ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,754
  • Oct 10, 2010 5:52pm Oct 10, 2010 5:52pm
Quoting pres78
Some are saying 1.3875 - 1.3925 as possible re-load zone. That is were I will look to get back in long as I have closed all open positions.
Exactly, as traders would be probably cautious ahead of FOMC decision on

Tuesday, just incase.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #303,755
  • Oct 10, 2010 5:54pm Oct 10, 2010 5:54pm
Quoting SkyzerFX
Exactly, as traders would be probably cautious ahead of FOMC decision on

Tuesday, just incase.
1.45 before November Election ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,756
  • Oct 10, 2010 5:54pm Oct 10, 2010 5:54pm
Just a heads up. i would not enter any shorts right here.

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  • #303,757
  • Oct 10, 2010 5:55pm Oct 10, 2010 5:55pm
Quoting SkyzerFX
Exactly, as traders would be probably cautious ahead of FOMC decision on

Tuesday, just incase.
What about USD/CHF, considering it's usually the reverse of EU, it gapped down into support and now could possibly pop and run for a few days, which should send euro down?
  • #303,758
  • Oct 10, 2010 5:55pm Oct 10, 2010 5:55pm
Quoting DMA Trader
why tuesday ?

FOMC 2PM EST

"Extended period of printing and 0% interest rates" verdict.
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  • #303,759
  • Oct 10, 2010 5:57pm Oct 10, 2010 5:57pm
ok, guys. nap time. trying to be here to meet frankie.
  • #303,760
  • Oct 10, 2010 5:57pm Oct 10, 2010 5:57pm
Quoting forextine
What about USD/CHF, considering it's usually the reverse of EU, it gapped down into support and now could possibly pop and run for a few days, which should send euro down?
I'm in this trade already as well, and it's ain't looking too good,

but I'm using short hedge as well.. I think it could go to 0.90 at least,

it's hard to guess for the bottom.. Better get in later... Look how 1.43 bottom for EURCHF

was violated and what happens after that? 1000 + pip drop.. So? worse case scenario for USDCHF?

around 0.96 previous bottom, Low 0.83-0.85? ( I'm hopping for 0.90)... If you have enough funds it's a money in the bank..

I think USDJPY got better sings for the bottom... Need hard acceleration to the bottom, then visible retrace,

Look over EURCHF to get a clue..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
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