EURUSD

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that us No , give some oz not 19x

one more

http://inthearena.blogs.cnn.com/2011...ite-downgrade/

hehe,,

close over 4192 bull sign ?

lol,

LOL

No, im not trading this mess.. I took 12 pips in the morning during early sydney session...

If you wait 4-5 hours and look at 1M or 5M you make it 70-80% easier for yourself...


going out...

...

http://www.kurier.lt/kurier/galerija/tank250.jpg
http://www.kurier.lt/?r=200000&v=153

Watch your parking!

Not a fair question to ask anybody....

But...

Look at it like this...

Pretend, that you bought the bottom of market...like nutted it...

Where would you put a TP line on if price started to fall again?

BE =0?
Set your STOP LOSS to that...

If we crush threw bottom of the chart, which could happen, at least you will not have to sit threw much more pain...

...

Magix thank you for the input,
its second opinion , person with press mind can see clear picture .


i have sl and it under water

Could Fall be coming early this year?

Seems like the action has been in other crosses. EUR.USD has been dull compared to EUR.CHF, AUD.USD etc... I have been just ridin the EUR.CHF - gift that keeps on giving

Though I do think things are due for a bounce, S&P is at a huge level, AUD.USD is too (1.07)... things need a bit of a bounce at least, EUR>CHF just threw down an interesting 4hr doji...

Though who knows, may be more waterfall stuff.... and in that case - Weee

Alright folks... after all the foolishness we've seen in this forum today, I thought I'd offer my view on the current status of EUR/USD. Take it for what you will, it's only my opinion and I'm only writing because... well, I'm not sure why. Perhaps I'm bored.

I'm going to start with a look at the weekly chart. As you can see, we're in an uptrend channel. However, you can see the three lower highs we've made since June 2008. Just taking this into account, it's not very clear whether we break for higher territory, or break down as we have twice before. Judging by the current economic climate and global turmoil, one could make a strong case for us breaking through the floor of this uptrend channel and dropping much further.

http://www.forexfactory.com/attachme...1&d=1312339979

But let's take a look at the daily chart also. This chart is simply a zoomed in version of the weekly with a couple trend lines added. The long blue one is the lower portion of the weekly uptrend channel. However, you'll notice the purple downtrend channel we're currently enclosed in within the larger uptrend channel. We've also recent broken minor trendline support after failing to break the upper boundary of this downtrend channel.

http://www.forexfactory.com/attachme...1&d=1312340159

One these charts, you can also see the horizontal green line. That's actually where I'm predicting price action to intersect the lower channel support of the weekly uptrend channel (that long blue line on the daily chart). My target for my shorts (been holding since 1.4400 lies slightly above this at 1.4000 At this point, I plan to become an observer, as I see one of three scenarios play out:

1. We go crashing through the weekly support and break the uptrend channel. After this, I would expect a retest of support turned resistance and take an aggressive short position. There is definitely good chance of this scenario playing out given the current economic turmoil.

2. We find support in this area (somewhere in the mid to high 1.39s) and settle in... eventually heading higher, breaking the upper resistance of the daily downtrend channel and heading higher to make a new high on the weekly charts. I don't feel like this is likely to happen. Given the current economic turmoil (again), I just don't see "risk on" trades being at the forefront of people's tolerance levels.

3. We find support in this area (just like in #2 above), see a small recovery, potentially to the 1.44/1.45 zone, followed by a large plunge that breaks through the weekly uptrend channel support and sends us much lower. I see this as potentially the most likely scenario. I wouldn't be surprised if the US government is able to feed the public some soothing words and speeches to calm things down for a week or two. Then, contagion comes roaring back in Europe with more worries about defaults and downgrades and we begin the plunge once again.

My plan is to hold my shorts for 1.4000 area unless I feel there's a good reason not to. I'll spectate from there and see how things look to play out. If I see us starting to settle in and find a bottom, I may take some small longs and see if I can't run them up to 1.4400. If that should happen, I'd most likely be looking for shorts, but everything is capable of changing.

Be nimble. Be profitable.

Happy trading.

essentially trying to reach 4010 for this week. depending (if) a big selloff then maybe even lower.

and 75.13(?) on the usdx. although 74.70 iz big

i have hedge my trade (die another day), usually after i hedge it north