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EURUSD

  • #347,841
  • Dec 17, 2010 3:13am Dec 17, 2010 3:13am
Quoting TexasforEX
Price gets rejected below prior 1HR and 4HR highs. That's a bearish sign.
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
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
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
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Here is my 5 min...
  • #347,845
  • Dec 17, 2010 3:24am Dec 17, 2010 3:24am
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
Quoting andreypu
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...
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
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
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
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
Quoting aiyoyo
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...
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
Quoting aiyoyo
Maybe I am biased...
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
Quoting TudorJonesJR
hmm stopped @ be... still think we are going down... let's wait a bit
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
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
This invalidates my view.. Standing aside..
  • #347,855
  • Dec 17, 2010 3:45am Dec 17, 2010 3:45am
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
Quoting The Fool
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
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
i think a reversal during the ny session between 9-11 est. if that is the case.
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.
  • #347,858
  • Dec 17, 2010 3:48am Dec 17, 2010 3:48am
goooo eur/aud -- you still got tha long road to travel
  • #347,859
  • Dec 17, 2010 3:50am Dec 17, 2010 3:50am
Quoting gucci1
goooo eur/aud -- you still got tha long road to travel
yes, like 1000 more pips south
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  • #347,860
  • Dec 17, 2010 3:56am Dec 17, 2010 3:56am
Quoting Ulterior
yes, like 1000 more pips south

lol ---
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