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EURUSD

  • #555,521
  • Oct 27, 2011 7:12pm Oct 27, 2011 7:12pm
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  • #555,522
  • Oct 27, 2011 7:14pm Oct 27, 2011 7:14pm
Quoting ThisPip
ps. for those who didnt get it, we enter a BULL market. For now.
oh, and during a rally, there is no real reversal. Talking about failing Supply Zones...lol

pps. If you have no clue what happend today, you may wanna read all and try to explain it after the fact. If not, you will never be able to anticipate.
This simply isn't true, this is no time to get euphoric, how much further do you really think we can go up without a retracement? We are in a retracement of a bear market. Here is the updated chart I posted yesterday, see the trendline was rejected, and as long as it is rejected again today, we are bearish.. A failure to close above signifies weakness, and that this is a healthy retracement to tap the trendline, which often happens after a TL break.

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It's quite hard to believe that the economic woes in the Euro Zone were eliminated by investors losing money, and the EFSF taking on more debt.

The phrase is buy the rumour, sell the fact. Not buy the rumour, buy the fact. After a 1000 pip move , who do you think is going to keep buying without a retracement for a better price? The market priced in the EU solution in the 3-4 weeks leading up to the summit, people aren't taken by surprise by the announcements of this week, so you can assume that they are already represented in the price.

That said, if the trendline above is convincingly broken and becomes support, then a bull market might be returning, but until you see a bull market, don't call it one. Lower lows, lower highs = bearish.
"Don't Panic..."
  • #555,523
  • Oct 27, 2011 7:27pm Oct 27, 2011 7:27pm
In the last 12 weeks the Euro has been in such a dire predicament that good news for the EUR would push it up and good news for the USD would push it up (on the hope the world economy was going to step up). For all intents and purpose the Euro is a Risk currency at the moment.

Not until that behaviour stops and bad news in the US sees the Euro move up will there be any true strength in the Euro.

A plan that hopes for the Greek Debt to be 120% of GDP in 8 years is not such a ray of sunshine !!!! as a desperate move. The 3rd element of the plan, for banks to increase their base reserves is very much a plan for failure move.
  • #555,524
  • Oct 27, 2011 7:32pm Oct 27, 2011 7:32pm
im miss some trade while Night duty
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be patient, self-belief and discipline... stay focus...
  • #555,525
  • Oct 27, 2011 7:45pm Oct 27, 2011 7:45pm
I'm searching enter point for sell.
1. Waiting the EURUSD will go up to 1.4250.
2. If EURUSD will go upper, then nothing waiting next point
3. If Down Definitely Sell
  • #555,526
  • Oct 27, 2011 8:17pm Oct 27, 2011 8:17pm
Quoting buonvangvn
Yes. I also have the added 18 lots at 1.4230
i think you must have super large account otherwise you will lose all your money one day if you continue trading like this.
  • #555,527
  • Oct 27, 2011 8:20pm Oct 27, 2011 8:20pm
im watching while do nothing
be patient, self-belief and discipline... stay focus...
  • #555,528
  • Oct 27, 2011 8:34pm Oct 27, 2011 8:34pm
in short with 60 pips stop loss n 80pips TP
be patient, self-belief and discipline... stay focus...
  • #555,529
  • Oct 27, 2011 8:40pm Oct 27, 2011 8:40pm
Quoting radit27
in short with 60 pips stop loss n 80pips TP
i think you should set your s/l 15-20 pips higher than yesterday's high.. just my personal advise, but be careful and hope you can hit tp, remember move your s/l b/e if you have 30+ profits.
  • #555,530
  • Oct 27, 2011 8:41pm Oct 27, 2011 8:41pm
Same here bro, all my shorts are underwater at the moment. Mini lots so I can weather at least 700 pips increase each but it's getting to me. I just wanna cut loose and sit on the sidelines. Damn.

Quoting radit27
in short with 60 pips stop loss n 80pips TP
  • #555,531
  • Oct 27, 2011 9:00pm Oct 27, 2011 9:00pm
Where's Kiwi? I wanna see if he took a long on GBP/JPY now that it's cracked the range to the upside. I'm in at 122.02 on the retest.
check out my blog: forexmademillionaire dot com
  • #555,532
  • Oct 27, 2011 9:46pm Oct 27, 2011 9:46pm
Quoting Geppy
Ok folks, here's what's going on...

Take a look at a daily chart (yes, this may be foreign to most of you). Draw your fib from the high on May 4th of this year (~1.4937) to the low on October 4th (~1.3143).

You should immediately notice that we just kissed the 61.8% fibo retracement of this move today at about 1.4250

It looks like this fib will hold... for now. I would expect to see a test of the next lower, significant fibo level which is the 50% retracement of the move I talked about earlier. We pushed through this hard last night/today...
er......
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  • #555,533
  • Oct 27, 2011 9:51pm Oct 27, 2011 9:51pm
i saw reversal sign so that why i short ...final bar is now in 4 hrs must close below to confirmation short....
be patient, self-belief and discipline... stay focus...
  • #555,534
  • Oct 27, 2011 9:54pm Oct 27, 2011 9:54pm
I think I am done for this week, I will post my this weeks statement in few hours once I get back to my dorm room..
  • #555,535
  • Oct 27, 2011 9:54pm Oct 27, 2011 9:54pm
I believe he meant weekly chart. Have a look at mine.

Quoting Gloryrose
er......
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  • #555,536
  • Oct 27, 2011 9:55pm Oct 27, 2011 9:55pm
here may chart ...
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be patient, self-belief and discipline... stay focus...
  • #555,537
  • Oct 27, 2011 10:28pm Oct 27, 2011 10:28pm
Quoting ThisPip
I would like to end with a hope, that people who have some Vouches, would refrain from phrases like "The Euro is a piece of shit and worthless", so they completely make a fu cking fool out of themselves and forget that aspiring private traders are getting this wrong attitude and lack of judgment in their trading.

None of the pro's here in FF has any of this anticipated. Enough said.

cheers, days like this are rare, hope all took advantage.

kind regards


tp

ps. for those who didnt get it, we enter a BULL market. For...

Haha good one..
  • #555,538
  • Oct 27, 2011 10:58pm Oct 27, 2011 10:58pm
Took EURUSD short @ 1.4165 at the 61.8% on the daily chart. Lets see where this one goes.
  • #555,539
  • Oct 27, 2011 11:06pm Oct 27, 2011 11:06pm
I also went short....today, i think, we will see a little retracement after this big UP from yesterday. Everything else would be very strange...
  • #555,540
  • Oct 27, 2011 11:07pm Oct 27, 2011 11:07pm
It's really hard to understand bear action. Bear died or what?
Bull about to set the price line on old Lower TL which started since 1.1964
BS already raped by bull also let the bull super strong.

If bull can successfully set on that track we will see 1.6, no doubt.
It was more than massive oversell at 397x-3798, a mad also wouldn't do so.
You cannot learn better without losing
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