EURUSD

I dont know, but it just looks like a Fib 61% retracement

correcto

may be ..but i dont think it is significant if it was a major one it would have reflected on ff..ny is ready to sell again...daily range already reached +150 we only have to come down...and it is friday people want to get out of their positions

bailout? you mean broke banks backing broke countries. and the broke countries backing broke banks? at some point the little boy is gonna say "the king has no clothes" and the grownups will notice.

Not a bailout....
http://www.marketwatch.com/story/spa...rts-2010-11-12

are you still bullish or bearish on this pair

174 actually, 9 less than yesterday. It'll be nasty

he is the big bear on EUR. and SKY is the big bull

damm..i hate u
u always read my plan

yes chart never lie and EU is damm bloody high volume and difficuilt to been manipulated..not like other pair eg: GY,UJ as well as GU....

anyway enjoys ur nice green pipsn happy weekend

tak care ya..

g

Ok, 1.3753 thats as far as it might go ... and very soon we will be returning back to our routine ... waiting for that confirmation to short again.

bingo

still holding my shorts.. just added on the pullback.. im in the boat already with the women and children.. you are in a different spot.. but yes im bearish.. but you only enter on pullbacks.

you too my friend

i trade both ways.. im bi-pipitual.... i just dont let sky know... he trades both ways also.. dont let his bs fool you.

So the weekend will be more fun with women and children in a boot ....... i just closed my short i dont hold position much for a long time...... still me, who wants to catch the boat when you are already in with pretty women....

So you are still in this boot..........

shorts may be still in play trendlines being respected and fibs

I have just came back...and yet again 5 pips difference..missed t/p by 6 points.

3744 was the high?

Hi guys

this is my first post, but don't let that fool you.
If anyone can help me out on how to become a full member faster i would appreciate that.

I am observing this thread since end of last week very closely. Some of the regulars are making me smile even after very bad trades of mine. For

example user chonchy talking about catching Sardines is one of my favorite. thanks chonchy

Now, what is making me shake my head at times is the foolish targets that some pple post all the time and then talk about elliot wave and fib levels.
Now i don't believe too much in any of that crap. Depending on where you draw the fibs, they always come out somewhere depending on what TF you are.
Sure it's 'natural law', but too me it's just Supply And Demand making PA.

Now, no idea what some guys talk about the bailout. There is no bailout yet. This whole wrong interpretation is one of the main reasons pple get fooled. Certainly statements of the irish minister and the other g20 leaders is just
SWEETTALK, they have to say it was good, we are prepared, and blabla. Now a statement of that, logically coming AFTER the summit, gives the Euro a boost. Then we have Friday, so even more.

What i think is key will also be the interest rate decision of China on Sunday. As i heard of a news station an eventual raise of rates could also put the Dollar under pressure, so that as well helps the Euro today. So maybe leaving the rates as is could help the Shorties of euro-dollar.

My bias (for what it's worth or not) is bearish/range-trade for euro/dollar.
The next big news will determine the direction for a bit.
I believe though for those who wanna short it to wait until Monday evening at least. IF China changes interest rates, then forget to short the Euro for the moment. It is really a scalpers pair right now.

What has helped me to get some pips out of the recent retracementhttp://cdn.forexfactory.com/images/editor/menupop.gif is to wait for the close of the 1hour candle and then go short and take the profits. To position yourself for a swing trade on Friday is maybe not so easy since the pair is not trending. The risk with China rate decision that could be on Sunday is just too big and the foolish interpretation of the fundamentals from the masses plays into it as well.

I wish all of you a good trading and many Sardines



Disclaimer: This is just my personal oppinion, make your own analysis.
I do use ironie and sarcasm in my post, sometimes some humor won't hurt.

I have 3746.