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EURUSD

  • #539,661
  • Sep 18, 2011 8:50pm Sep 18, 2011 8:50pm
Quoting johncen
seems we have some support here....
bounce is likely
Yeah it's having trouble staying under 1.3660, but I wouldn't buy on support, as it is surely temporary.

So I thought I'd take this opportunity to introduce myself. I'm pretty new to the forum, and it seems most of you day trade based on technicals, is that right? I'm taking more long term positions based on fundamentals and waiting for large movements right now. Are there many other longer horizon traders here?

I'd like to day trade, but unfortunately it just wouldn't work for me right now with work and other busy things in my life. When I did have the opportunity I did alright, made some pretty regular pips. Trading long term can be a rough and bumpy ride I've found out. Thankfully I was short the EUR so it did work out eventually, but still... That stress is almost not worth it.
  • #539,662
  • Sep 18, 2011 8:56pm Sep 18, 2011 8:56pm
Quoting johncen
seems we have some support here....
bounce is likely
yea waiting small for bounce back , to make entry
Mohan
  • #539,663
  • Sep 18, 2011 9:00pm Sep 18, 2011 9:00pm
Quoting mohan76
yea waiting small for bounce back , to make entry
a bounce to atleast 70 is likely i reckon...
Patience, Emotion Control and Discipline.
  • #539,664
  • Sep 18, 2011 9:02pm Sep 18, 2011 9:02pm
My motto!!!
  • #539,665
  • Sep 18, 2011 9:05pm Sep 18, 2011 9:05pm
Quoting merkel
Yeah it's having trouble staying under 1.3660, but I wouldn't buy on support, as it is surely temporary.

So I thought I'd take this opportunity to introduce myself. I'm pretty new to the forum, and it seems most of you day trade based on technicals, is that right? I'm taking more long term positions based on fundamentals and waiting for large movements right now. Are there many other longer horizon traders here?

I'd like to day trade, but unfortunately it just wouldn't work for me right now with work and other busy things in my life. When...
Hi dude, Im also a long-term trader ( atleast I try). I focus on 4hours chart, the daily and weekly chart. You are new to this forex, but are you new to forex. If not, how long you have been trading forex
  • #539,666
  • Sep 18, 2011 9:07pm Sep 18, 2011 9:07pm
Quoting merkel
Are there many other longer horizon traders here?
Normaly i am mostly long horizont trader, looking at daily/weekly tf, but nowaday, when almost everything is in horizontal trend, it's a little bit pointless. So i had to adjust to this situation and also started day trading.

Anyway fundamental analysis is also fucked up now, the market is moving with the emotions, and sometimes those are completly oposite to the news.

To the topic, we closed under 61.2 fibo, hoping to see it under 1.36000 today
  • #539,667
  • Sep 18, 2011 9:12pm Sep 18, 2011 9:12pm
I don't know about you guys but my CCI is about to break upwards with my bands in place so it's long for me. Wish me luck
  • #539,668
  • Sep 18, 2011 9:14pm Sep 18, 2011 9:14pm
Quoting Link
Hi dude, Im also a long-term trader ( atleast I try). I focus on 4hours chart, the daily and weekly chart. You are new to this forex, but are you new to forex. If not, how long you have been trading forex
I'm not totally new to forex. I did a lot of day trading last year. I had doubled my initial investment, but then I got a new boss who didn't turn a blind eye to my trading and thus had to take longer term positions, which I wasn't used to. Needless to say, I lost even more than my gains that I had accumulated. Now I'm a lot more prepared for the longer term trades (use less leverage, get out if TA doesn't agree or before economic releases that might go against me).

I've been doing pretty well so far this year, I really hope it keeps up. That is to say, I really hope the EUR keeps falling :-D Even before the debt crisis came to the fore, I really felt the EUR was way overvalued
  • #539,669
  • Sep 18, 2011 9:17pm Sep 18, 2011 9:17pm
Quoting Haqu
hoping to see it under 1.36000 today
You and me both. With the rate it's dropping since pre-market, we might even see that before the end of Asian hours.
  • #539,670
  • Sep 18, 2011 9:19pm Sep 18, 2011 9:19pm
long at 50 sl at 30. risky trade. smaller position.
REQUESTING NO VOUCHES.Vouches are useless.
  • #539,671
  • Sep 18, 2011 9:25pm Sep 18, 2011 9:25pm
i think it should reverse now...
  • #539,672
  • Sep 18, 2011 9:26pm Sep 18, 2011 9:26pm
going long with friday low as tp, should be 90+ pips here
  • #539,673
  • Sep 18, 2011 9:28pm Sep 18, 2011 9:28pm
another stab in the 40s and its likely to see 3592. thats reason for 20 pip sl
REQUESTING NO VOUCHES.Vouches are useless.
  • #539,674
  • Sep 18, 2011 9:28pm Sep 18, 2011 9:28pm
Quoting hindustani
going long with friday low as tp, should be 90+ pips here
this should also cover the gap
Attached Image (click to enlarge)
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  • #539,675
  • Sep 18, 2011 9:29pm Sep 18, 2011 9:29pm
some of ur guys' TA makes me smile

http://i53.tinypic.com/15o8e2a.jpg
  • #539,676
  • Sep 18, 2011 9:32pm Sep 18, 2011 9:32pm
Staying away from the longs on this pair for now.
  • #539,677
  • Sep 18, 2011 9:33pm Sep 18, 2011 9:33pm
i will be scaling around 3677 and moving sl to be
REQUESTING NO VOUCHES.Vouches are useless.
  • #539,678
  • Sep 18, 2011 9:36pm Sep 18, 2011 9:36pm
Quoting EmeraldEyes
some of ur guys' TA makes me smile
smile away while the ants collect the grains ....
  • #539,679
  • Sep 18, 2011 9:36pm Sep 18, 2011 9:36pm
Quoting merkel
......I've been doing pretty well so far this year, I really hope it keeps up. That is to say, I really hope the EUR keeps falling :-D Even before the debt crisis came to the fore, I really felt the EUR was way overvalued
Same for me pal. thats why I have a long-term position who s aiming 1.25
  • #539,680
  • Sep 18, 2011 9:37pm Sep 18, 2011 9:37pm
Just saw on Sky Business that Greek hospitals have been unable to pay their bills, suppliers are cutting them off.

I won't be long on EUR until Greece defaults or something unexpected happens, don't mind sitting out with some popcorn and enjoying the show
"Don't Panic..."
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