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EURUSD

  • #531,681
  • Aug 28, 2011 7:59am Aug 28, 2011 7:59am
I think we can see that the price will go down for a while. See what happens.

I had to work hard to show you my chart 4 hours, as it was difficult to understand.
Attached Image (click to enlarge)
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  • #531,682
  • Aug 28, 2011 8:06am Aug 28, 2011 8:06am
Quoting SirGoodman
I have learned how to trade by understanding all the issues in trading forex.

I can tell you 100% why EUR/USD moved up from 1.4325 to 1.4500 where I shorted it and closed before the weekend.

This is not meant to prove myself smarter than you. Your point of view is respected and listened to.

The market is always right with no exceptions.

However the market is also about perceptions and reality.

I would state clearly that the perception by the masses is that we will see Dow 12,000 again before we see Dow 7000 again.

We will see Dow 9000...

While I don't disagree with any your points, I think you've left out the 1 key factor that ultimately drove the move on Friday, which was the breakdown of the CHF. The CHF long position has been about as overcrowded as the Gold trade, so when that broke resistance on Friday there was massive short covering in all CHF pairs across the board.

USD/CHF....267 pip move
EUR/CHF......341 pip move
GBP/CHF......369 pip move

Each of those pairs essentially rallied to their next resistance levels before pulling back. The result was exaggerated cross pair moves in the other currency pairs including EUR/USD.

While I can't say for certain where we go next on EUR/USD (the market will decide that) I do believe the Friday move was all about CHF weakness and little to do with Euro Strength or Dollar Weakness.

That said, I did short EUR/USD at 1.45 late Friday. I believe we reverse from here, but if not, my stop is at 1.4550.
  • #531,683
  • Aug 28, 2011 8:07am Aug 28, 2011 8:07am
Quoting walb99
http://www.telegraph.co.uk/finance/f...n-bankers.html
Interesting, i think everything will collaps together in about 4-5 weeks.
I remembered a few weeks ago when there were problems with Italy,
someone here said they have only money for about 7 weeks?
Maybe that will be the cause to finally collaps everything,... They should change some leaders in this business...

... but whatever i'm relative new to all this so don't mock me, thinking out loud.. just wonna follow a little debate on this.

Cheers

S.
Old Habits Die Hard.
  • #531,684
  • Aug 28, 2011 8:26am Aug 28, 2011 8:26am
Hurricane Irene in NY

http://www.ustream.tv/channel/hurricaneirenemassapequa

http://www.ustream.tv/channel/hurricane-irene-nyc

Quoting SirGoodman
The waters are coming in and there might be no power on Monday when the water hits the underground power lines in New York.

We will watch wait and hope for the best while Mother Nature is at work.
  • #531,685
  • Aug 28, 2011 10:09am Aug 28, 2011 10:09am
Hold Longs till 4570
Attached Image (click to enlarge)
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  • #531,686
  • Aug 28, 2011 10:10am Aug 28, 2011 10:10am
Quoting duyk20
Stick to the fundie and you'll have a lot to talk about... of course after the moves already materialize

Market is solely supply and demand brotha

That is the way to go if you want to survive in this market. Best is you can put your bias aside. Do not over analyse until your brain is paralyse. Follow the money because you are a mere lemming in this market and your few lots will not change the PA. Stop looking for a home run but look for those hits and runs; because in the end your BE will always be runned. The market is irrational but it is right.
Although my bias is bullish , I will change it if the PA tells me otherwise.
5 things to make us survive longer in this market-- supply/ demand, confirmation,confirmation,confirmation and trigger.
  • #531,687
  • Aug 28, 2011 10:12am Aug 28, 2011 10:12am
sell limit 4510 . TP 4260. SL 4550
looking for investors . pm me
  • #531,688
  • Aug 28, 2011 10:31am Aug 28, 2011 10:31am
tight sl u got there
  • #531,689
  • Aug 28, 2011 10:43am Aug 28, 2011 10:43am
very nice trade can be.
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looking for investors . pm me
  • #531,690
  • Aug 28, 2011 10:50am Aug 28, 2011 10:50am
Quoting kbmoonshinex
sell limit 4510 . TP 4260. SL 4550
kbmoonshinex,

EUR/USD is going to blast through 1.4625; the factors that propelled EUR on Friday, NY market is still alive and may continue in Asian and European markets on Monday.
There is always a price for promises you don't keep!
  • #531,691
  • Edited 11:17am Aug 28, 2011 10:59am | Edited 11:17am
It can go up , go down while it moves but for big bull I put a question mark while checking gbpusd pair as it also related to eu movements ultimately, still expecting there at 1.7050 though before failure medium term .will eu ride alone !!
http://www.forexfactory.com/showthre...25#post4908225

corresponding usdchf chart may look like this .


fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd1.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #531,692
  • Aug 28, 2011 11:49am Aug 28, 2011 11:49am
Quoting SirGoodman
This must be watched in the coming week. It is very very serious.
ECB has the bond vigilantes on the run.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #531,693
  • Aug 28, 2011 11:58am Aug 28, 2011 11:58am
Quoting Mr Breakout
Well, here are the two main reasons why I believe the Friday euro move was not a fake:

1: The (up) move was quick, strong, with virtually no pullback. This is not one of those "fake" moves that quickly run out of steam, immediately reverse direction and trap the traders.

2: More importantly, the euro closed near the high of the day, with almost zero profit taking activity, as you can see on the chart. That means the long traders were not afraid to let their long positions open over the weekend and that is indeed a strong commitment and a powerful...
Agree
Very good post brother
  • #531,694
  • Aug 28, 2011 12:26pm Aug 28, 2011 12:26pm
1.4580 Daily High July 4
1.4537 Daily High July 27
1.4521 21 Day Upper Bollinger
1.4518 Daily High August 17

1.4327 Daily Low August 25

From IFR Markets who are Short from 1.4377 with a Stop at 1.4530

Their Target is 1.4055
  • #531,695
  • Aug 28, 2011 12:26pm Aug 28, 2011 12:26pm
Hardly waiting the market to open
Ready for my next trade
  • #531,696
  • Aug 28, 2011 12:40pm Aug 28, 2011 12:40pm
Hello
EURUSD
Attached Image (click to enlarge)
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  • #531,697
  • Aug 28, 2011 12:51pm Aug 28, 2011 12:51pm
Quoting SirGoodman
1.4580 Daily High July 4
1.4537 Daily High July 27
1.4521 21 Day Upper Bollinger
1.4518 Daily High August 17

1.4327 Daily Low August 25

From IFR Markets who are Short from 1.4377 with a Stop at 1.4530

Their Target is 1.4055
I bet they have move their sl higher last friday
  • #531,698
  • Edited 1:16pm Aug 28, 2011 1:01pm | Edited 1:16pm
Sitting idle & suddenly see them , knew H4 & h1 tf have confirmed sell signal recently though but that working for many times before in H4 tf .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd1.gif Size: 21 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #531,699
  • Aug 28, 2011 1:07pm Aug 28, 2011 1:07pm
Quoting fontu
Sitting idle & suddenly see them , knew H4 & h1 tf have confirmed sell signal recently though.
fontu
would suggest fontu that the probability of that level holding on each new retest may be becoming weaker...
  • #531,700
  • Aug 28, 2011 1:21pm Aug 28, 2011 1:21pm
Trade what you think not what u see
What i think In psychology way

after good strong up move many will b afraid to sell "Damn how we can fool all this traders they wanted fast money "Market thinking"
Let the PA drop so many will b confused and many run for sell

Then we take PA to UP Up UP

Just thinking with high voice
After all it's all about your entry Point
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