Attachments: EURUSD

EURUSD

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#347,841
Dec 17, 2010 3:13am Dec 17, 2010 3:13am

TexasforEX
| Joined Oct 2007 | Status: Trader | 1,236 Posts

Quoting TexasforEX

Disliked

Price gets rejected below prior 1HR and 4HR highs. That's a bearish sign.

Ignored

Price has moved above these levels. Small detail but important.

"Timing Is Everything. Really I Swear It Is"

#347,842
Dec 17, 2010 3:17am Dec 17, 2010 3:17am

mysterio
Joined Sep 2009 | Status: Trader | 6,009 Posts

Here's an idea i'm throwing out as a profit target, this fibo fan has been pretty well respected. Not a tool I use but I drew it a week or so ago and it bounced perfectly. Target is approx 1.34

http://i288.photobucket.com/albums/l...f?t=1292577372

#347,843
Dec 17, 2010 3:22am Dec 17, 2010 3:22am

sisse
Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts

The daily range since last 2 weeks is still intact (NFP daily bar inside bar trading) & is a textbook definition for intraday range. Top to bottom and sucking buyer/sellers in the extremes for continuations and chopping traders out to the wrong side in the middle. Some traders are so obsess with bulls and bears that they easily forget or oversee the other option RANGE.

From a TA perspective the top of the range seems unavoidable.

sisse

Pending conversations? PM for a chat...I am mainly in OTM now

#347,844
Dec 17, 2010 3:23am Dec 17, 2010 3:23am

Vladimir1987
Joined Mar 2009 | Status: Trader | 1,739 Posts

Attached Image (click to enlarge)

Click to Enlarge

Name: 12-17-2010 10-22-17 AM.png
Size: 13 KB

Here is my 5 min...

#347,845
Dec 17, 2010 3:24am Dec 17, 2010 3:24am

Redeemed1
| Joined Feb 2010 | Status: Fast dimes are better than slow $s | 581 Posts

IMO EZ passed these bailout measures to organize the process because they know it is very likely there will be defaults...namely Greece, Ireland and Portugal. It sounds like they don't know what to do about Spain as it is huge.

#347,846
Dec 17, 2010 3:28am Dec 17, 2010 3:28am

aiyoyo
| Joined Jun 2010 | Status: Trader | 308 Posts

Quoting andreypu

Disliked

i ve been reading this thread since last night and i notice that the majority of traders had a short biais here int he last 10 h. now myself, as i posted i was short until...

Ignored

Basically agree with what you said.

I follow forexlive and found the commentator there during London and NY session to be quite dollar bias and they seem will post more bad euro news than the good one. Another thing is they are more excited when there is bad euro news than when there is bad dollar news LOL.

Maybe I am biased...

Good day, I'm okay. Bad day, I'm okay. What's the difference?

#347,847
Dec 17, 2010 3:29am Dec 17, 2010 3:29am

cdsap
| Joined Dec 2009 | Status: Trader | 79 Posts

Mornig!!!

I have one question...

I´ve seen during this summer downgrades of spain, ireland, greece on charts...

But today with 7 level´s downgrade euro is seeing north...

Why?

#347,848
Dec 17, 2010 3:33am Dec 17, 2010 3:33am

Vladimir1987
Joined Mar 2009 | Status: Trader | 1,739 Posts

And here on 15m. Ill wait for a break or short the top...

Attached Image

#347,849
Dec 17, 2010 3:34am Dec 17, 2010 3:34am

Driver55
Joined Apr 2007 | Status: Trader | 3,055 Posts

Hi all !!!

The best thing that can happen to you is to find out where you're wrong.

#347,850
Dec 17, 2010 3:35am Dec 17, 2010 3:35am

Redeemed1
| Joined Feb 2010 | Status: Fast dimes are better than slow $s | 581 Posts

Quoting aiyoyo

Disliked

Basically agree with what you said.

I follow forexlive and found the commentator there during London and NY session to be quite dollar bias and they seem will post more bad euro news than the good one. Another thing is they are more excited when there is bad euro news than when there is bad dollar news LOL.

Maybe I am biased...

Ignored

Actually Euro news excites me more because those are the main hours I trade. The movement is what I depend on. If it moves one way or the other...for my trading it is all good-just so it moves. I do feel bad for some of the people I know in EZ that are going through severe problems from austerity.

#347,851
Dec 17, 2010 3:35am Dec 17, 2010 3:35am

The Fool
Joined Apr 2009 | Status: Live and learn. | 25,162 Posts | Online Now

Quoting aiyoyo

Disliked

Maybe I am biased...

Ignored

hey you want to see bias check out the articles from the Telegraph posted on the FF portal. Evidently the Telegraph never publishes one single piece of good news.

Calamity and mayhem - thats what sells.

Anyway, I am waiting for a leg up or for Moody's to pipe up and downgrade sombody

"If The Fool persists in his Folly he will become wise." - William Blake

#347,852
Dec 17, 2010 3:35am Dec 17, 2010 3:35am

Pipwanderer
| Membership Revoked | Joined Oct 2010 | 2,745 Posts

Quoting TudorJonesJR

Disliked

hmm stopped @ be... still think we are going down... let's wait a bit

Ignored

i think a reversal during the ny session between 9-11 est. if that is the case.

#347,853
Dec 17, 2010 3:36am Dec 17, 2010 3:36am

Pipwanderer
| Membership Revoked | Joined Oct 2010 | 2,745 Posts

long 3297 sl BE tp 3360-70 let see what happens. Watching pa closely

good luck fellow traders

#347,854
Dec 17, 2010 3:41am Dec 17, 2010 3:41am

Vladimir1987
Joined Mar 2009 | Status: Trader | 1,739 Posts

This invalidates my view.. Standing aside..

#347,855
Dec 17, 2010 3:45am Dec 17, 2010 3:45am

Andrej
| Joined Feb 2009 | Status: Trader | 40 Posts

Funny how many post long now, claiming buys at the lows, when they saw the spike...

#347,856
Dec 17, 2010 3:47am Dec 17, 2010 3:47am

aiyoyo
| Joined Jun 2010 | Status: Trader | 308 Posts

Quoting The Fool

Disliked

hey you want to see bias check out the articles from the Telegraph posted on the FF portal. Evidently the Telegraph never publishes one single piece of good news.

Calamity and mayhem - thats what sells.

Anyway, I am waiting for a leg up or for Moody's to pipe up and downgrade sombody

Ignored

From forexlive
December 13, 2010 at 13:58 GMTMoody’s: US tax package increases likelihood of negative outlook to US AAA in next 2 years
*** impact: many pips up
December 15, 2010 at 06:12 GMTMoody’s puts Spain’s AA1 ratings on review for possible downgrade
*** impact: forget, seem many pips down
December 16, 2010 at 17:15 GMTMoody’s Puts Greece Local Govt Bonds On Review For Downgrade
*** impact: seem little
December 17, 2010 at 07:04 GMTMoody’s downgrades Ireland to Baa1 from Aa2; outlook negative
*** impact: 40pips down from 3325 to 3285

A list for you guy reference, Who else is not downgraded YET by moody, your choice

Portugal/Italy?
LOL

Good day, I'm okay. Bad day, I'm okay. What's the difference?

#347,857
Dec 17, 2010 3:47am Dec 17, 2010 3:47am

damo
| Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts

Quoting Pipwanderer

Disliked

i think a reversal during the ny session between 9-11 est. if that is the case.

Ignored

I was thinking the same, but last night and today it has been rallying so damn hard and it is so consistant.

This December has been crazy. I'm out till the new year.

Trade what you see, not what you think.