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EURUSD

  • #349,821
  • Dec 21, 2010 11:32am Dec 21, 2010 11:32am
Quoting USD-Bear
Long term long @ 1.3114
SL 130.00
is there any chart for reference?
  • #349,822
  • Dec 21, 2010 11:32am Dec 21, 2010 11:32am
Quoting pinkiaiii
had to read five pages of kids bullshit
Can anyone who is looking into bigger time frame tell,what should we expect for next day?As the only proper reason i see why euro rose during asian session is to charge for the next round downward,as there wasnt any new news or data from europe
http://cdn.forexfactory.com/attachme...6&d=1292946539


Quoting Allseeingeye
here it is
did you really read 5 pages.... look at this PRO joker trying to say...
Verily, in every difficulties there is relief
  • #349,823
  • Dec 21, 2010 11:32am Dec 21, 2010 11:32am
Quoting USD-Bear
Long term long @ 1.3114
SL 130.00
thanx for contributing to my easter fund

it will break 3060 in the next 24hrs and not even the chinese will have enough money to save it... today it was reported in french papers that they could be considering going back to the Franc ...

good luck nevertheless... just added more shorts
  • #349,824
  • Dec 21, 2010 11:34am Dec 21, 2010 11:34am
Retest and now heading back down to 1.3997 which is near a round number.
Will find support there propably for a while.

Happy Holidays!

I'm out for today.
Attached Image (click to enlarge)
Click to Enlarge Name: retest12.png Size: 33 KB
  • #349,825
  • Dec 21, 2010 11:36am Dec 21, 2010 11:36am
Quoting Forexpro30
Let us understand more about the relationship between EUR/USD and EUR/JPY.

They usually both go in the same directions but sometimes EUR/JPY gets ahead of EUR/USD both on the long and short side.

They usually adjust but not on a tick for tick basis.

If I see EUR/USD up I immediately see if EUR/JPY is up by more PIPS than one per one.

Like now with EUR/JPY at 109.95 and EUR/USD at 1.3122 IF EUR/JPY goes to say 110.25 it would bring EUR/USD up with it and if it now went to EUR/JPY to 109.75 it prpbably would bring EUR/USD down to near 1.3110....
Paul1 - Thank you ,
I will follow your advice and try to learn from it.

Got the charts set as you suggested!
  • #349,826
  • Dec 21, 2010 11:38am Dec 21, 2010 11:38am
Quoting Forexpro30
Let us understand more about the relationship between EUR/USD and EUR/JPY.

They usually both go in the same directions but sometimes EUR/JPY gets ahead of EUR/USD both on the long and short side.

They usually adjust but not on a tick for tick basis.

If I see EUR/USD up I immediately see if EUR/JPY is up by more PIPS than one per one.

Like now with EUR/JPY at 109.95 and EUR/USD at 1.3122 IF EUR/JPY goes to say 110.25 it would bring EUR/USD up with it and if it now went to EUR/JPY to 109.75 it prpbably would bring EUR/USD down to near 1.3110....

Since as we can see USD/JPY is getting weaker by moving towards 84.00 (Now at 83.83) then EUR/JPY is moving up(Now at 109.94)

Meanwhile EUR/USD is at 1.3112

It could go on it's own down to test 1.3100 so at times like this EUR/JPY might have no effect immediately on EUR/USD.

It is a matter of observation and experience.

Before I figured it out I sometimes went long or short both EUR/USD and EUR/JPY thus almost trading the same currency and doubling my risk.

Meanwhile id Dow drops 20 it also will bring EUR/USD down as explained before. If Gold sells off and the money flows into US Bonds then US Dollar Index goes up and EUR/USD goes down. This factor is the Risk Aversion Factor.

Dow up 48

Another factor is this is lunchtime and I am off until 2:00 PM like most of the Pro Traders in the USA.

Happy Trading !!!
  • #349,827
  • Dec 21, 2010 11:39am Dec 21, 2010 11:39am
Quoting Forexpro30
Let us understand more about the relationship between EUR/USD and EUR/JPY.

They usually both go in the same directions but sometimes EUR/JPY gets ahead of EUR/USD both on the long and short side.

They usually adjust but not on a tick for tick basis.

If I see EUR/USD up I immediately see if EUR/JPY is up by more PIPS than one per one.

Like now with EUR/JPY at 109.95 and EUR/USD at 1.3122 IF EUR/JPY goes to say 110.25 it would bring EUR/USD up with it and if it now went to EUR/JPY to 109.75 it prpbably would bring EUR/USD down to near 1.3110....
DOW going up......Euro going down.......who wudda thunk
hang on to your bread......unless you want toast
  • #349,828
  • Dec 21, 2010 11:39am Dec 21, 2010 11:39am
Quoting navhin
is there any chart for reference?
here you are, but not all is in the charts I'm afraid....:

Attached Image (click to enlarge)
Click to Enlarge Name: Picture0110.png Size: 38 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #349,829
  • Dec 21, 2010 11:44am Dec 21, 2010 11:44am
Quoting Linus78
http://www.forexfactory.com/showthread.php?t=271296

Trade Well!
Thanks for that link!
  • #349,830
  • Dec 21, 2010 11:46am Dec 21, 2010 11:46am
Quoting Gld
DOW going up......Euro going down.......who wudda thunk
There are no absolute rules in forex.

Aside from that what is your point ? We all understand your point and the odds are good you probably are still learning about trading Forex. It took me 7 years to get here.

Have a good day. I think about everything. Even your helpful post.
  • #349,831
  • Dec 21, 2010 11:46am Dec 21, 2010 11:46am
Quoting USD-Bear
here you are, but not all is in the charts I'm afraid....:

Attachment
indeed 1.3115 acting as a strong support. but i don't see the trade can go for long term, probably scalping should do....
  • #349,832
  • Dec 21, 2010 11:47am Dec 21, 2010 11:47am
Quoting snatch
thanx for contributing to my easter fund

it will break 3060 in the next 24hrs and not even the chinese will have enough money to save it... today it was reported in french papers that they could be considering going back to the Franc ...

good luck nevertheless... just added more shorts
You're welcome, good luck.....
Don't be a hero. Don't have an ego. Always question yourself
  • #349,833
  • Dec 21, 2010 11:49am Dec 21, 2010 11:49am
Quoting USD-Bear
here you are, but not all is in the charts I'm afraid....:

Attachment
At least I'm not the only bull around here. I really need to see a close above 3120 to stay convicted though.
  • #349,834
  • Dec 21, 2010 11:49am Dec 21, 2010 11:49am
Quoting Allseeingeye
here it is
Thank you, Allseeingeye,

I thought you were talking Elliott :-)

Nice Gartley pattern......


Best to you,

Markus
  • #349,835
  • Dec 21, 2010 11:50am Dec 21, 2010 11:50am
Quoting Linus78
Please chill out guys. Winning an argument on the internet is like winning the paralympics. Even if you win you are still retarded.

Trade Well!
haha!
  • #349,836
  • Dec 21, 2010 11:51am Dec 21, 2010 11:51am
The 2010 Triennial Survey, showed that the most heavily traded bilateral currency pairs were:

EURUSD: 28%
USDJPY: 14%
GBPUSD: 9%
Attached Image (click to enlarge)
Click to Enlarge Name: Global foreign exchange market turnover.jpg Size: 149 KB
  • #349,837
  • Dec 21, 2010 11:52am Dec 21, 2010 11:52am
Quoting snatch
thanx for contributing to my easter fund

it will break 3060 in the next 24hrs and not even the chinese will have enough money to save it... today it was reported in french papers that they could be considering going back to the Franc ...

good luck nevertheless... just added more shorts
Don't be too sure and over confident....
  • #349,838
  • Dec 21, 2010 11:52am Dec 21, 2010 11:52am
Quoting Forexpro30
Let us understand more about the relationship between EUR/USD and EUR/JPY.

They usually both go in the same directions but sometimes EUR/JPY gets ahead of EUR/USD both on the long and short side.

They usually adjust but not on a tick for tick basis.

If I see EUR/USD up I immediately see if EUR/JPY is up by more PIPS than one per one.

Like now with EUR/JPY at 109.95 and EUR/USD at 1.3122 IF EUR/JPY goes to say 110.25 it would bring EUR/USD up with it and if it now went to EUR/JPY to 109.75 it prpbably would bring EUR/USD down to near 1.3110....
AUD/USD, EUR/USD & GBP/USD pretty much follow each other also imo
  • #349,839
  • Dec 21, 2010 11:53am Dec 21, 2010 11:53am
Its been a great day to sell all the Eur rallies! I've made 95 pips doing so and have my last short still open from 1.3133
  • #349,840
  • Dec 21, 2010 11:55am Dec 21, 2010 11:55am
i see an head and shoulder on eur/usd, is it correct? m30
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