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EURUSD

  • #339,161
  • Dec 4, 2010 3:59pm Dec 4, 2010 3:59pm
Quoting seawinde
if everyone here is longing the pair , i am shorting it .

EU crisis aint over , EU candle didnt close above the 21 daily ema just touched it .

yet lets see what happens the next week 24 hrs to go

That is usually the best choice . You don't mind if I wait on a conformation candle do you????
  • #339,162
  • Dec 4, 2010 4:04pm Dec 4, 2010 4:04pm
Quoting seawinde
here are my claims


http://www.reuters.com/article/idUSN0315749920101203

http://www.nytimes.com/2010/12/02/bu...aS552ylpDJXX5Q
I hope it goes down to, but your first story was from 1/2 way through the week, and your 2cd story was from BEFORE the close on Friday.
  • #339,163
  • Dec 4, 2010 4:06pm Dec 4, 2010 4:06pm
Quoting seawinde
here are my claims


http://www.reuters.com/article/idUSN0315749920101203

http://www.nytimes.com/2010/12/02/bu...aS552ylpDJXX5Q
Well, if you do enough web trolling, you can find articles from legitimate "sources" that can sway both ways. CNBC is notorious for posting articles claiming the USD is in trouble by one source and then hedging that claim with another article claiming the opposite.

Mind you, I'm not saying your wrong, but I've lost a lot of money trading based on those exact same type of articles; when in reality, the chart was telling me everything I needed to know and everything I really should have been paying attention to. Not, suedo monetary experts spouting their political babble.

I haven't visited Rueters, CNBC, or any other financial website for over a year and I've done very well for myself listening to my training solely.

Take it for what it's worth....which also, depending on your point of view, might not be much!
Capital Preservation is key to long term wealth accumulation
  • #339,164
  • Dec 4, 2010 4:08pm Dec 4, 2010 4:08pm
Current EUR/USD @ 1.3417
Capital Preservation is key to long term wealth accumulation
  • #339,165
  • Dec 4, 2010 4:31pm Dec 4, 2010 4:31pm
Quoting seawinde
if everyone here is longing the pair , i am shorting it .

EU crisis aint over , EU candle didnt close above the 21 daily ema just touched it .

yet lets see what happens the next week 24 hrs to go
Good stay short. I'm a bull and staying bullish until next year Feb.
Prices are never too high to begin buying or too low to begin selling.
  • #339,166
  • Dec 4, 2010 4:31pm Dec 4, 2010 4:31pm
Friday's last minute rally was due to the words of 'Bernanke' talking about using all of QE2 funds.

It broke 4h trend, BUT I think that exposure was due to 'news', 'ECB buying bonds' and nothing technical ...IMO temp pressure from 'in-house'.

I am going with the 1.3440-1.3470 area before it starts going back down, at least temporarily.

And the ECB is announcing on Monday, Europe time, how much in bonds they purchased and the number is expected as of now to be an 'unsustainable' amount so that might do damage to the Euro.

But no one knows!
Attached Image (click to enlarge)
Click to Enlarge Name: Friday Close.png Size: 23 KB
  • #339,167
  • Dec 4, 2010 5:11pm Dec 4, 2010 5:11pm
Quoting MuddBuddha
Current EUR/USD @ 1.3417

fluc you white people too..........

thats funny............
  • #339,168
  • Dec 4, 2010 5:12pm Dec 4, 2010 5:12pm
Quoting knuckledrag
fluc you white people too..........

thats funny............
Sssshhhhhh......it's about as UN-PC as you can get!

But it was hilarious.
Capital Preservation is key to long term wealth accumulation
  • #339,169
  • Dec 4, 2010 5:14pm Dec 4, 2010 5:14pm
How strong is this recovery ot is it just a pullback in daily downtrend?

€ at an interesting position, weekly bullish hammer candle closed as price tested it's 4hr/daily descending trend line drawn from the 4285 Hi aalso confluence with bottom of a previous 4hr/daily swing lo zone (previous support) top of which is the 38.2% fib of that 4285-2968 with 61.8% of 3790 to same 2968 lo.

G/L

http://www.easy-upload.net/fichiers/z.201012415413.gif
ex member
  • #339,170
  • Dec 4, 2010 5:21pm Dec 4, 2010 5:21pm
It's as strong as it wants to be. Momentum and sentiment (fear & confidence) will determine if it's a pullback or reversal.

EVERY, and I mean, EVERY reversal starts with a perceived pullback, typically followed with some market chop, and then into the full reversal once levels have been broken.

Perception is reality until reality proves you wrong.

Personally, I'd say if this continues (and I shy from calling it a reversal yet) a reversal is most likely.


Quoting bbmac
How strong is this recovery ot is it just a pullback in daily downtrend?

€ at an interesting position, weekly bullish hammer candle closed as price tested it's 4hr/daily descending trend line drawn from the 4285 Hi aalso confluence with bottom of a previous 4hr/daily swing lo zone (previous support) top of which is the 38.2% fib of that 4285-2968 with 61.8% of 3790 to same 2968 lo.

G/L

http://www.easy-upload.net/fichiers/z.201012415413.gif
Capital Preservation is key to long term wealth accumulation
  • #339,171
  • Dec 4, 2010 5:22pm Dec 4, 2010 5:22pm
Quoting MuddBuddha
Sssshhhhhh......it's about as UN-PC as you can get!

But it was hilarious.
mums the word.......

Why are you posting prices?????? asking for gapheads, or are one..???

Not that I give a crap.
  • #339,172
  • Dec 4, 2010 6:04pm Dec 4, 2010 6:04pm
Quoting Pipmysterio
Good stay short. I'm a bull and staying bullish until next year Feb.
sounds like a good call to me! Though I'd maybe be more flexible and review along the way
  • #339,173
  • Dec 4, 2010 6:34pm Dec 4, 2010 6:34pm
Quoting knuckledrag
mums the word.......

Why are you posting prices?????? asking for gapheads, or are one..???

Not that I give a crap.
I could have sworn someone asked about the weekend level....and an up-gap wouldn't hurt me right now.

I may have been drinking earlier, but with all the alcohol I've had tonight, I can't honestly remember.
Capital Preservation is key to long term wealth accumulation
  • #339,174
  • Dec 4, 2010 6:47pm Dec 4, 2010 6:47pm
Quoting knuckledrag
That is usually the best choice . You don't mind if I wait on a conformation candle do you????
well thats up to ur risk tolerance and money management
  • #339,175
  • Dec 4, 2010 6:51pm Dec 4, 2010 6:51pm
Quoting Pipmysterio
Good stay short. I'm a bull and staying bullish until next year Feb.

different perspective then , u are long-term i am a short-term , i rarely hold a position for more than 1 week , and it was USD/JPY in the 80s area
  • #339,176
  • Dec 4, 2010 6:51pm Dec 4, 2010 6:51pm
Quoting MuddBuddha
I could have sworn someone asked about the weekend level....and an up-gap wouldn't hurt me right now.

I may have been drinking earlier, but with all the alcohol I've had tonight, I can't honestly remember.
maybe they did........

I like you, " queer sh*t"

I'm sitting here watching Christmas specials with the family,,,, drinking a nice home brew beer heavy on hopps ......... sh#t its goooooooood.

I've looked at your profile. I value your opinion. After we recover; please post your view.........

looking forward to it...........
  • #339,177
  • Dec 4, 2010 6:59pm Dec 4, 2010 6:59pm
Quoting seawinde
well thats up to ur risk tolerance and money management
No its up to "my ass being burned" too many times.

Big balls will get you broke. Until it turns it has not turned complicated I know.

,but you do what you want, I'm sure it will be fine.
  • #339,178
  • Dec 4, 2010 7:30pm Dec 4, 2010 7:30pm
the trick is:

i could start a thread named:

WOW what a huge move!

it must be overbought!

so lets short it immediately, before its too late!


and only 5 % would recognize my signature









.
Quoting knuckledrag
No its up to "my ass being burned" too many times.

Big balls will get you broke. Until it turns it has not turned complicated I know.

,but you do what you want, I'm sure it will be fine.
Follow the Trend, thats all
  • #339,179
  • Dec 4, 2010 7:37pm Dec 4, 2010 7:37pm
So I wonder where we will see the market open with all these rumours about Germany dropping the Euro?

I would love to see the downtrend continue for a little while. I would be great to see the yearly low be tested.

I cannot get my charts up right now (bloody weekend!) so I was wondering where is the trendline break for the daily for the downtrend to be broken?

Happy Pips to All!
  • #339,180
  • Dec 4, 2010 7:44pm Dec 4, 2010 7:44pm
Quoting pauly
the trick is:

i could start a thread named:

WOW what a huge move!

it must be overbought!

so lets short it immediately, before its too late!


and only 5 % would recognize my signature












.
I'm working on a good buzzz. Ok I'm not really drunk and seldom am, but I do get a little miffed at top and bottom callers. Its always less likely to turn than continue.

If (and one day I hope to be that good) you can pick 80% out of the middle, your a f*cking trading God. Please;;;;;; forgive me all you 20 pip wonders...............

Everyone that thinks I'm an a$$ say "I",,,,,,,,,,

the I's have it.........
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