EURUSD

What you think today at 25-3-2011 .euro/usd will be down ?

you r the GURU chicky...its really WTF time

at the moment theres no other trade but long in my opinion if your looking for a few hours worth of trade but Im going to wait and see.
I have longs from yesterdays US session still running so Ill see
how they do if it continues on up or this is where it all stalls.

mm hmmm thx rattyo

Woohooo +12 and counting

I went long on Eur/Usd at 1.4172 for 5 lot. 1 lot = 1 USD.
Target - 1.4572 (profit = 400*5 = 2000 USD)
SL - 1.4072 (Loss = 100 * 5 = 500 USD)

+3, half postion closed, covered backside with sl at -6 for rest half, now bed time

r u trading in demo ???

Ofcourse not. I'm trading live. What can't come down, will always go up..so as euro.. so I have gone long..

Good morning Veer,

Your post has me a little confused... Does this trade feel like "Buying Low"? I'm not saying you don't have a valid trade but can you defend your position a little? I mean you are buying with a target well beyond resistance.

Concerned,

Skracor247

1 lot = 100,000 currency units

1 pip per lot = $10

400 pips X 5 Lots X $10 = $20,000

100 pips X 5 Lots X $10 = $5,000

Well based only on that last post yes in direction and more or less on that entry level. lows 70x / highs 60x is/was the best r:r entry. Target 1.428x is so popular the last weeks and is also the high of weekly/daily 1st week Nov 2010 bars (is irrelevant that high intraday but is a high) based on weekly extension to that high but in my books there are better and stronger TA levels for targets if long.

The strongest 1.422x (daily R) first is key for any further break...above that with momentum 1.425x is a huge intraday R.

Finally if is an extreme move the max target is +/- 1.432x that is the start of a key weekly resistance area (Jan 2010 start of the sellloff in the euro from all time highs).

To the other side 1.4140x is the line in the sand and the the only potential risky but valid fade will be at +/-long 1st target around 1.420x on the break/breach up and down.

sisse

1 lot = 10 USD/pip

Maybe a mini account?

http://www.forexfactory.com/images/attach/pdf.gif 2011-03-25_08h16_European Forex Technicals - More Across-Board EUR Strength.pdf (9.1 KB)


European Forex Technicals: More Across-Board EUR Strength
25 Mar 2011, 08:16

By Francis Bray (TRADING Central)
The Dow Jones Newswires Technical Analysis Partner




Intraday EUR/USD: the focus has turned to this week's 20-week high at 1.4249, as significant support emerged at 1.4053 to protect the 1.4000 level. Thursday's bullish outside day leaves resistance at 1.4220 vulnerable, opening 1.4249 initially, but creating scope for the November 2010 reaction high at 1.4283 as bulls control the short-term trend. Only a push below 1.4095 would bring the 1.4053 low back into the picture.

Weekly chart EUR/USD trend: Bullish.



Intraday USD/JPY: remains trapped within a tight 80.52/81.32 range, and Friday's session is not likely to be much different. However, a bearish resolution should be expected, and a break below 80.70 would expose the 80.52 low. Downside projections would then create room for further weakness to 80.00 and the significant 79.75 level. Only a break above 81.32 would suggest a return to the Mar. 18 reaction high at 82.00.

Weekly chart USD/JPY trend: Range.



Intraday GBP/USD: support at 1.6075 needs to hold in order to keep the recent push into fresh 14-month highs valid. But to improve the near-term outlook, a push above 1.6215 and 1.6265 is required before entertaining thoughts of a return to this week's 1.6401 high. A clean break below 1.6075 would expose the 1.5964/1.5984 support area.

Weekly chart GBP/USD trend: Bullish.



Intraday USD/CHF: the uptrend remains technically intact following the recovery off 0.9028 and Thursday's high at 0.9124 is currently on course to be challenged. Completing a bull wedge on the 60-minute chart has created scope for the 0.9205 area, but solid resistance there will limit the recovery. However, Thursday's action left a neutralizing doji on the daily chart, so a break below 0.9028 would effectively negate the uptrend and prompt a return to the week's low at 0.8978.

Weekly chart USD/CHF trend: Bearish.









I do post this today again ... as I see that many of us are not able to see what the market wants to give us ...

Those who are looking for reliable information ... should have a chance to get some ... mehr kann ich nicht tun ... it's up to you ... I have not got soo much time for you ...

At least there are only very few here who are working with success and with a system that is based on real experience that could work for you as well ...

That's why ... nennt es wie ihr es wollt ... aber sitzt nicht lange in einer falschen Fankurve herum ... don't waste your time ... trade in stead of ... einen schönen Tag wünsche ich ...


palim palim



;-|

When it comes to Euro, I do not trade on technicals.. I trade on fundamentals. I think the rate hike expectation is holding euro well up and providing a decent support. Since the rate hike is almost assured, euro will shoot up beyond resistance.. definately +300 pips.. I may consider closing 2/3 positions if it reaches 1.4300 and then close the rest when it reaches my target. So far I'm +20 in a green zone..

Yep, 10K Account

ps. Got stopped out

a big deal is being made out of the 14282 level.

There are more spikes older ones in the 143's

14333, 14362, 14449, 14582, 14718 more signifcant than


14282, dont see it as a big deal myself.

Okay thanks, mine is then a mini lot.. 1 usd/pip...

Maybe you should try technicals.