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EURUSD

  • #530,261
  • Aug 24, 2011 7:23am Aug 24, 2011 7:23am
Quoting KiwiTrada
good call, now how big bounce???
got news coming up in 8mins so could spike either way
  • #530,262
  • Aug 24, 2011 7:27am Aug 24, 2011 7:27am
Quoting Cypher
got news coming up in 8mins so could spike either way
May need to place stop close to BE if you entered long around 1.44317.
  • #530,263
  • Aug 24, 2011 7:33am Aug 24, 2011 7:33am
News too good for the dollar. Other than cognitive dissonance, everyone hit the SELL button!

Moreover, I think something is seriously wrong with this pair. News tends to be acting in the opposite direction. Anyways, let's see if I get stopped out at 4509 or I reverse my positions at 4350...
Don't just beat the markets, leave bruises.
  • #530,264
  • Aug 24, 2011 7:34am Aug 24, 2011 7:34am
In my book the neg EUR numbers with the good USD numbers this should move south today.... not seeing that so far.
  • #530,265
  • Aug 24, 2011 7:35am Aug 24, 2011 7:35am
Quoting Motion
News too good for the dollar. Other than cognitive dissonance, everyone hit the SELL button!
Would be foolish to think market is news driven today IMO.
  • #530,266
  • Aug 24, 2011 7:36am Aug 24, 2011 7:36am
Quoting Motion
News too good for the dollar. Other than cognitive dissonance, everyone hit the SELL button!
Lol! Great advice. I'm sure!!!!!

Mind you I'm not sure why it isn't goin gdown? Fundamentally it should be surely?!
Technically i'm not sure really but really why aren't we going down?
  • #530,267
  • Aug 24, 2011 7:37am Aug 24, 2011 7:37am
Go down and break .44305 pivot please
  • #530,268
  • Aug 24, 2011 7:38am Aug 24, 2011 7:38am
back to business lol
If you are new to Forex? Say Goodbye to your account!!
  • #530,269
  • Aug 24, 2011 7:40am Aug 24, 2011 7:40am
Quoting Robertk
Go down and break .44305 pivot please
  • #530,270
  • Aug 24, 2011 7:40am Aug 24, 2011 7:40am
Key LevelsComments

1.453627th July High
1.4517August High
1.4500Yesterday’s High
1.4431Pivot
1.4377Yesterday’s Low
1.4347This Week’s Low
1.4259Last Week’s Low
  • #530,271
  • Aug 24, 2011 7:40am Aug 24, 2011 7:40am
Say hi to 1.4519 folks.
  • #530,272
  • Aug 24, 2011 7:42am Aug 24, 2011 7:42am
Looks like we are headed for a breakout. In my experience this kind of formation usually leads to breaking of the channel.
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  • #530,273
  • Aug 24, 2011 7:43am Aug 24, 2011 7:43am
Quoting Guitarfx
Lol! Great advice. I'm sure!!!!!

Mind you I'm not sure why it isn't goin gdown? Fundamentally it should be surely?!
Technically i'm not sure really but really why aren't we going down?
We will test the ceiling first......1.453 before hells hands break loose and suck everyone inside. Yep. So if you have a short going bad....don't loose hope yet.
(buy the roumermill sell the fact)
  • #530,274
  • Aug 24, 2011 7:43am Aug 24, 2011 7:43am
Quoting Unknownpips
Would be foolish to think market is news driven today IMO.
Don't just beat the markets, leave bruises.
  • #530,275
  • Aug 24, 2011 7:46am Aug 24, 2011 7:46am
Quoting Guitarfx
Lol! Great advice. I'm sure!!!!!

Mind you I'm not sure why it isn't goin gdown? Fundamentally it should be surely?!
Technically i'm not sure really but really why aren't we going down?
Well for me, both fundamentally and technically; it should be going down.

Eur had bad news all through and US came out with flying colors. Moreover, technically, 4350 is still expecting a kiss from price before saying bye bye. Just wanna believe this is a pre-US rally to run stops. I hope they don't get my stop at 4509.

Just in my own simple opinion. In life, nothing is sure, and so is price action.
Don't just beat the markets, leave bruises.
  • #530,276
  • Aug 24, 2011 7:47am Aug 24, 2011 7:47am
Quoting sunattack

me in shorts as well


... and just added another at 1.4472. 4475 rejected upmove today and hope it will reject now as well.
  • #530,277
  • Aug 24, 2011 7:47am Aug 24, 2011 7:47am
Times like this I hum the ride of the Valkyre.........papam papaaampaam papam papaaaaampam.
  • #530,278
  • Aug 24, 2011 7:49am Aug 24, 2011 7:49am
so we have a new daily high sticking out by a hairpin. Hmmm. I feel like a cigarette.
  • #530,279
  • Aug 24, 2011 7:51am Aug 24, 2011 7:51am
It strikes me there are many in here saying EU "should" be doing this or that. I look forward to taking your position from you. ;D

The chart will tell where it is and what it could... there is no should.
  • #530,280
  • Aug 24, 2011 7:53am Aug 24, 2011 7:53am
Interesting setup, but still I believe:

Direction is still down, wave 5 in the following post:
http://www.forexfactory.com/showthre...18#post4894018
and wave 2 in the following post:
http://www.forexfactory.com/showthre...372&page=35318
have not finished.


Quoting Razorman
Looks like we are headed for a breakout. In my experience this kind of formation usually leads to breaking of the channel.
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