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  • #318,141
  • Nov 2, 2010 2:48pm Nov 2, 2010 2:48pm
Quoting moonchild
I use both technicals and fundamentals.

I can make a case for long and also for short both technically and fundamentally.

No idea where this pair is going. Probably about as accurate tossing a coin right now.
Usually, I don't bother posting because they won't let you change and oddly, quickly chosen nick. But this is simply ridiculous. You have NO IDEA where this pair is going? None? I'm not even a fundamentalist and even I know that more supply and even demand will lower price. Quantitative easing is supposed to increase supply of dollars right? What's wrong with this picture? LOL

Anyway, I'm going back to hibernating and ruminating on the good times I used to have when Kiki Kannibal was still live on Stickam. I was addicted to that damn chatroom and now her FUCKING mother decided the Internet is bad for her life (she's 19). Fuck! I'm not happy. I was freakin' addicted man! This is like no oxygen for me. I'm suffering from "fun chatroom withdrawal".
  • #318,142
  • Nov 2, 2010 2:48pm Nov 2, 2010 2:48pm
Quoting Venice
It would appear their is a lack of cheese in this thread.

http://www.thenorthendzone.com/image...ies/cheese.jpg
No brie, camembert or port salut? Discrimination!
  • #318,143
  • Nov 2, 2010 2:50pm Nov 2, 2010 2:50pm
Well 4158 is pretty well the last line of defense for the bears until 4400-4500. Dangerous time to be short imo.
  • #318,144
  • Nov 2, 2010 3:07pm Nov 2, 2010 3:07pm
Quoting neutral
Well 4158 is pretty well the last line of defense for the bears until 4400-4500. Dangerous time to be short imo.
Please tell me why it is a dangerous time to be short? We have had like 200 pips up today with no retrace... We have ALOT of resistance between 1.4050 - 1.4100!

There shouldn't be anyone or any institution too keen on buying lots of fibre until they are sure of what will happen 2moro.

Going on this, I'm short looking to 1.3950 - 1.3900

Good Luck!
@pawpaw1000 on Twitter
  • #318,145
  • Nov 2, 2010 3:13pm Nov 2, 2010 3:13pm
Quoting clambill
Usually, I don't bother posting because they won't let you change and oddly, quickly chosen nick....
Get over the name already!
All that is left in FF is just plain garbage. "Cloggie"
  • #318,146
  • Nov 2, 2010 3:15pm Nov 2, 2010 3:15pm


Quoting tonyo524
Get over the name already!
Look Sharp/Trade Tight
  • #318,147
  • Nov 2, 2010 3:19pm Nov 2, 2010 3:19pm
Quoting Blackwidow
Hi everyone, I'm new to trading and this thread. I'm short @ 1.4030. does anyone thing it will retrace down to 1.39?
I believe it will go somewhere near 1.396
  • #318,148
  • Nov 2, 2010 3:20pm Nov 2, 2010 3:20pm
Quoting Blackwidow
Hi everyone, I'm new to trading and this thread. I'm short @ 1.4030. does anyone thing it will retrace down to 1.39?
Hey Blackwidow,

Im new here too.. Setups killed me today... Long / Short in all bad spots... gave up 50 pips...

Anyway indeed there are folks with bearish sentiment what time frame you trading...

Look at the channels on the H1 and there is downside potential to the support sitting just below 1.39.

short 1.4255 sl 1.414 tp 1.3887
  • #318,149
  • Nov 2, 2010 3:20pm Nov 2, 2010 3:20pm
Quoting clambill
Usually, I don't bother posting because they won't let you change and oddly, quickly chosen nick....
The problem with that view of fundamentals is that there may or may not be quantitative easing. It may turn out to be all talk and no easing. Easing has probably already been priced in, so we may be looking at the effects of NO easing where easing had been expected.

In addition, even if there is easing, it may not be as much as has already been priced in, and may be phased in over a relatively lengthy period of time, thereby mitigating the effect.

These are some of the reasons that fundamental analysis is not reliable right now.

It is not as though there are only the USD issues, there are also the EZ issues, Greece, Ireland, Portugal and Spain problems have not gone away and may pop up their nasty heads at any time.

As a result, I am mostly using short term news events, and even those often have the opposite effect of what one would intuitively expect since the response may be at the level of risk appetite rather than a response strictly to the news.
  • #318,150
  • Nov 2, 2010 3:20pm Nov 2, 2010 3:20pm
Quoting Blackwidow
Hi everyone, I'm new to trading and this thread. I'm short @ 1.4030. does anyone thing it will retrace down to 1.39?
Nice nick u have there lol
  • #318,151
  • Nov 2, 2010 3:30pm Nov 2, 2010 3:30pm
Quoting moonchild
The problem with that view of fundamentals is that there may or may not be quantitative easing. It may turn out to be all talk and no easing. Easing has probably already been priced in, so we may be looking at the effects of NO easing where easing had been expected.

In addition, even if there is easing, it may not be as much as has already been priced in, and may be phased in over a relatively lengthy period of time, thereby mitigating the effect.

These are some of the reasons that fundamental analysis is not reliable right now.

It is not...
Well put moonchild! I read somewhere that something like $1 trillion to $1.5 Trillion Dollars have been factored in... Now if QE 2 comes out at less than that, we will be seeing a HUGE sell off of fibre...

Let's wait and see... Less than 24hrs to go!!!
@pawpaw1000 on Twitter
  • #318,152
  • Nov 2, 2010 3:36pm Nov 2, 2010 3:36pm
Talking of FUNDAMENTALS:

What’s the surprise? Democrats retain control of both Houses of Congress.
Short of that, the size of the Republican majority (majorities?) Won’t matter all that much.
Republicans will likely take the House and come close if not win the Senate. Obama will still be able to veto Republican bills and the Congress will be able to limit large new spending initiatives.
Much of. if not all, of that is already baked into prices opening the door for the classic “buy the rumor, sell the news” in US equities. Especially after today’s failed retest of 1196 in the S&P index.

www.forexlive.com

Looks like we might get that selloff after all
@pawpaw1000 on Twitter
  • #318,153
  • Nov 2, 2010 3:40pm Nov 2, 2010 3:40pm
Oil is rising all of a sudden. Gold may be next. And then you know what happens.

Stay frosty.

EDIT: I meant to post this on AUD/USD thread. But I guess the same could go on here.
  • #318,154
  • Nov 2, 2010 3:42pm Nov 2, 2010 3:42pm
Pair just wants to close around I-D high-ho.

Maybe looking some shorts later on.
They think they are smarter than I am.
  • #318,155
  • Nov 2, 2010 3:50pm Nov 2, 2010 3:50pm
Quoting Dr. Dog
Hey Blackwidow,

Im new here too.. Setups killed me today... Long / Short in all bad spots... gave up 50 pips...

Anyway indeed there are folks with bearish sentiment what time frame you trading...

Look at the channels on the H1 and there is downside potential to the support sitting just below 1.39.

short 1.4255 sl 1.414 tp 1.3887
short 1.4255 sl 1.414 tp 1.3887 ... Rad ab ?

makes no sense
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #318,156
  • Nov 2, 2010 3:50pm Nov 2, 2010 3:50pm
http://www.forexfactory.com/showpost...stcount=316978
a breakout here or a bounce - that is the question
Attached Image (click to enlarge)
Click to Enlarge Name: 04921.png Size: 6 KB
  • #318,157
  • Nov 2, 2010 4:14pm Nov 2, 2010 4:14pm
Quoting mercy seat
short 1.4255 sl 1.414 tp 1.3887 ... Rad ab ?

makes no sense

LOL! must have meant 1.4055 ...
  • #318,158
  • Nov 2, 2010 4:45pm Nov 2, 2010 4:45pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/png.gif
2010-11-01_18h40_ChartStation_EURUSD 240min _ 001.PNG (98.7 KB)
Ok ... mit etwas gutem Willen läßt sich eine mögliche 'Diamant-Formation' da hineininterpretieren ...
Francis did so ... as you can see ... and fontu as Johan Christian might do so as well ...

Intraday EUR/USD: Retains a bull tone to put the 1.4000 level back under pressure. The bear resistance...

Hmm ... a 'text book' like shaped 'diamond formation' does not look like this crippled rhomboidal construct ...

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

2010-11-02_20h40_ChartStation_EURUSD major 4 _ 001.PNG (122.1 KB)


Kann man knicken das Thema ... not a real 'diamond pattern' ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-02_20h40_ChartStation_EURUSD major 4 _ 001.PNG Size: 122 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #318,159
  • Nov 2, 2010 4:54pm Nov 2, 2010 4:54pm
Hey guys I have been reading this forum for the last 3 years to get a consensus of what the general forex traders are doing. Honestly, I have been trading live for the last 5 months(doing well) but have been practicing for about 3 years. But I decided to register today and speak my mind a little. I kind of think that a lot of the forum information isn't useful, but sometimes its good to look at because sometimes I will find something that sparks my interest. Anyway I just wanted to give my take on the current EUR/USD situation. I am a 95% technical trader and I specialize in harmonics.

OK here's my take. The euro has just completed or is close to completing a bearish three drives pattern. If you look closely and draw your fibs from each corresponding high to low you'll notice the troughs retrace to the 61.8 level and the peaks reach 1.27. The third peak has just finished/completed today. I am currently in a short, to the low of yesterday with minimal risk. So as mentioned above I am anticipating a break out, but to the downside, even if I am wrong the risk is so minimal that it really isn't a huge deal, but has the possibility of a huge profit. Also, even though I am primarily technical we have to pay attention to the news/election results, news can affect this trade at anytime, but again my risk is so low that I'm willing to take that chance. This is just my opinion alone, I am not saying I am correct by any means, this is just what my research, analysis, and education concluded. Good Luck trading and hope to hear your opinions.

Also if you guys really want me to elaborate, when I am not so busy I can post some charts and show you what I am working with. I am just really busy atm.
  • #318,160
  • Edited Nov 3, 2010 1:36pm Nov 2, 2010 5:18pm | Edited Nov 3, 2010 1:36pm
Quoting naatha
http://www.forexfactory.com/showpost...stcount=316978
a breakout here or a bounce - that is the question
Right, looks like a bounce to me
Short @ 1.4030
SL @ 1.4060
Target 1.3925

Wrong forum sorry
Don't be a hero. Don't have an ego. Always question yourself
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