Momentum strong down on the dow, was near top of range and a bit above. Could be a nice 200 point dow sell off which will pull EURUSD down with it.
Those who say it cannot be done should not interrupt those who are doing it
- #3,101
- Oct 17, 2011 9:51am Oct 17, 2011 9:51am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
- #3,102
- Oct 17, 2011 9:52am Oct 17, 2011 9:52am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #3,103
- Oct 17, 2011 9:55am Oct 17, 2011 9:55am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I missed the trainBut there will be a pullback somwhere close to NY close probably... usually in late NY and asian things slow down or retrace, so when I come home maybe I will catch the downtrend
. Don't have my charts with me, but probably my black line was completely broken, after many repeated test. I'd say, it got overtested
. Now I know why I had a baaaad feeling about going long on EURUSD. Hesitating sometimes protects.
Waiting for the next stop to get in (probably will be able to in 2 hours) so tell the driver...
However, this is not a confirmed reversal yet. It may just be a retrace or the start of a long drawn out range. Time will tell.
Those who say it cannot be done should not interrupt those who are doing it
- #3,104
- Oct 17, 2011 9:59am Oct 17, 2011 9:59am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
Looks like the best way to catch this thing today is going to be a breakout trade when it stalls because she's bouncing like a dead cat. I hate breakout trading.
I don't like the area she's in, she has a chunk to chew through from the 1.377 - 1.368
Not sure what I want to do yet, watching for a retrace to a few supply levels on the 5 & 15 minute for a possible intraday short entry.... Or Demand for long
I don't like the area she's in, she has a chunk to chew through from the 1.377 - 1.368
Not sure what I want to do yet, watching for a retrace to a few supply levels on the 5 & 15 minute for a possible intraday short entry.... Or Demand for long
I don't care which way the market is going as long as it's going my way
- #3,105
- Oct 17, 2011 10:01am Oct 17, 2011 10:01am
This drop still consider normal since we are going up from 131 and while it havent truly consider bearish yet..bearish or not we might truly knew in this coming 2-3 days
And, I was thinking same when we broke downtrendline - that it may soon end 
So, tight stops, and waiting for a nice entry in Asian session 
Maybe we get a bearish monthly candle in October after all? Nah, to early to dream about it yet... But I certainly feel much better in EUR downtrend than in EUR uptrend
- #3,106
- Oct 17, 2011 10:02am Oct 17, 2011 10:02am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Looks like the best way to catch this thing today is going to be a breakout trade when it stalls because she's bouncing like a dead cat. I hate breakout trading.
I don't like the area she's in, she has a chunk to chew through from the 1.377 - 1.368
Not sure what I want to do yet, watching for a retrace to a few supply levels on the 5 & 15 minute for a possible intraday short entry.... Or Demand for long
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Those who say it cannot be done should not interrupt those who are doing it
- #3,107
- Oct 17, 2011 10:05am Oct 17, 2011 10:05am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Maybe we get a bearish monthly candle in October after all? Nah, to early to dream about it yet... But I certainly feel much better in EUR downtrend than in EUR uptrend
Those who say it cannot be done should not interrupt those who are doing it
- #3,108
- Oct 17, 2011 10:05am Oct 17, 2011 10:05am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Indeed, there is not yet time for euphory. But we broke the almighty trendline that resisted all the time, it is sort of "bearish achievement"
Maybe we get a bearish monthly candle in October after all? Nah, to early to dream about it yet... But I certainly feel much better in EUR downtrend than in EUR uptrend
If there was easy money lying around,no one would be forcing it into your
- #3,109
- Oct 17, 2011 10:17am Oct 17, 2011 10:17am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
am looking 1.4 for going short...hopefully we achieve that level
1. German ZEW Economic Sentiment
2. US PPI m/m
3. US TIC Long-Term Purchases
4. US Treasury Currency Report
Also, Helicopter Ben is due to deliver a speech titled "The Effects of the Great Recession on Central Bank Doctrine and Practice" at the Federal Reserve Bank's 56th Economic Conference, in Boston
Here's the calendar
.
Those who say it cannot be done should not interrupt those who are doing it
- #3,110
- Oct 17, 2011 10:18am Oct 17, 2011 10:18am
am looking 1.4 for going short...hopefully we achieve that level
- #3,111
- Oct 17, 2011 10:21am Oct 17, 2011 10:21am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #3,112
- Oct 17, 2011 10:21am Oct 17, 2011 10:21am
As I mentioned before, the week is still young. Tomorrow is an interesting news day.
1. German ZEW Economic Sentiment
2. US PPI m/m
3. US TIC Long-Term Purchases
4. US Treasury Currency Report
Also, Helicopter Ben is due to deliver a speech titled "The Effects of the Great Recession on Central Bank Doctrine and Practice" at the Federal Reserve Bank's 56th Economic Conference, in Boston
Here's the calendar
.
- #3,114
- Oct 17, 2011 10:25am Oct 17, 2011 10:25am
- | Membership Revoked | Joined Jan 2007 | 3,555 Posts
- #3,115
- Oct 17, 2011 10:27am Oct 17, 2011 10:27am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
am looking 1.4 for going short...hopefully we achieve that level
well its like 3760 right now, so to fly there it might take 2-3 days. so in this week seems possible, but dunno its faaaaar...
Have I got something on my face, SOLDIER?
- #3,116
- Oct 17, 2011 10:36am Oct 17, 2011 10:36am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Hmmm! A lot of interesting data indeed! Thanks for pointing that out - even though I know the FF calendar, i forgot to check what is coming out this week
The FF calendar is on that list
Those who say it cannot be done should not interrupt those who are doing it
- #3,117
- Oct 17, 2011 10:38am Oct 17, 2011 10:38am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
i expect to see very little short covering myself
Anyway, now that those shorts are covered, let's see how low we can go. My target for this trade is 1.3685
Those who say it cannot be done should not interrupt those who are doing it
85 seems like a reasonable goal to me, i usually like 80 on the nose or just slightly past that mark, sometimes it works great, sometimes im disappointed lol.. anyways im right there with ya depending on the momo that leads up to it, i try not to get too greedy though. of course ita all dependent on if we are right in the first place
- #3,119
- Oct 17, 2011 10:47am Oct 17, 2011 10:47am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #3,120
- Oct 17, 2011 10:56am Oct 17, 2011 10:56am
- | Membership Revoked | Joined Jan 2007 | 3,555 Posts