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  • #580,461
  • Edited 8:23am Jan 5, 2012 8:20am | Edited 8:23am
Quoting Mr.MaginCole
When you experience oversold conditions you dont want to sell again and again. At least not with huge lots. Retracements occur no?
Absolutely agrre the retracement but it has not got underway yet ?

Because you're not selling doesn't mean you should buying.

You can do nothing ?
  • #580,462
  • Jan 5, 2012 8:21am Jan 5, 2012 8:21am
A buy now is a guess/ gamble, no ?
  • #580,463
  • Jan 5, 2012 8:23am Jan 5, 2012 8:23am
Quoting timotei
A buy now is a guess/ gamble, no ?
Sit on your hands and watch the chart - it's extremlly complex right now - I'm waiting for a slight reverse but who knows may be we are going to 250+ dip down
  • #580,464
  • Jan 5, 2012 8:26am Jan 5, 2012 8:26am
i guess we should wait till next news from USA are released. according to my previous chart dj closed under this gap and pulled down eurusd 8 pips for now.
  • #580,465
  • Jan 5, 2012 8:26am Jan 5, 2012 8:26am
Spot on forexprofit.
  • #580,466
  • Jan 5, 2012 8:27am Jan 5, 2012 8:27am
Quoting Arhs99
Same here
I guess for some ppl 1.2800 looks very powerful
I can't see this backed up by any charts though

pull up weekly chart

support zone, good place to build some long positions for the positioners
  • #580,467
  • Jan 5, 2012 8:27am Jan 5, 2012 8:27am
I see the possibility of a 100 pip drop from here
  • #580,468
  • Jan 5, 2012 8:28am Jan 5, 2012 8:28am
last point 2778. and then reverse to 33**..
looking for investors . pm me
  • #580,469
  • Jan 5, 2012 8:29am Jan 5, 2012 8:29am
Quoting timotei
Can anyone enlighten me here as to why they're buying ?
Well it could be only for two things:

1. Cos they feel the Euro is cheap enough to buy
2. 2800 is a psychological level for those who reference it.

Staying any more around would be greed. The fiber made a 141 pip run already. And 27608 would be my definition of cheap. The difference between longing now and 2760 is 40pips. It's a great sum for me. If it stays intact till NFP tomorrow, then I must have forecasted NFP accurately!

Just my own simple opinion. In life, nothing is sure and so is price action.
Don't just beat the markets, leave bruises.
  • #580,470
  • Jan 5, 2012 8:31am Jan 5, 2012 8:31am
Quoting timotei
A buy now is a guess/ gamble, no ?
USD/CAD is in position for a nice run up for weeks if not longer.

Good time to start nibbling...
  • #580,471
  • Jan 5, 2012 8:33am Jan 5, 2012 8:33am
Quoting Motion
Well it could be only for two things:

1. Cos they feel the Euro is cheap enough to buy
2. 2800 is a psychological level for those who reference it.

Staying any more around would be greed. The fiber made a 141 pip run already. And 27608 would be my definition of cheap. The difference between longing now and 2760 is 40pips. It's a great sum for me. If it stays intact till NFP tomorrow, then I must have forecasted NFP accurately!

Just my own simple opinion. In life, nothing is sure and so is price action.

Thanks for the reply. I was just asking to try and understand what people thought they could see in the charts.

When I started I often made the mistake of assuming where price would stop and reverse. It took a long time to get in the mindset of waiting until I could really SEE the change point and jump on.
  • #580,472
  • Jan 5, 2012 8:34am Jan 5, 2012 8:34am
Quoting kbmoonshinex
last point 2778. and then reverse to 33**..
how you got 2778 ?
Mohan
  • #580,473
  • Jan 5, 2012 8:37am Jan 5, 2012 8:37am
Quote
how you got 2778 ?
70,7 fibo from the move from 2010.06.06 to 2011.05.01, right?
  • #580,474
  • Jan 5, 2012 8:37am Jan 5, 2012 8:37am
Quoting timotei
Can anyone enlighten me here as to why they're buying ?
The reason is because no one is recognizing the Monthly chart. In July of 2008 the Euro hit its high of 1.6040 and since then it has been a cycle of lower lows with the last high of 1.4939 which was May of last year. And the next low is 1.1877 from June of 2010 and it will be hit.
The Dove - Forex Trainer
  • #580,475
  • Jan 5, 2012 8:43am Jan 5, 2012 8:43am
Quoting mohan76
how you got 2778 ?
weekly 61.2% and magnet monthly pivot.
looking for investors . pm me
  • #580,476
  • Jan 5, 2012 8:43am Jan 5, 2012 8:43am
http://www.zerohedge.com/news/eurusd...ian-financials
fokyou forexfactory
  • #580,477
  • Jan 5, 2012 8:47am Jan 5, 2012 8:47am
Quoting nawafasad1
if your sloss 40 pips its bitter to buy and get 40 pips
Don't buy uptrends... I made a nice profit again . Up almost 15% for today, as being very agressive...
go go go
  • #580,478
  • Jan 5, 2012 8:47am Jan 5, 2012 8:47am
Yo,

Back. Starting to be soon near ideal buying opportunity.

Need to test a bit new low first.
They think they are smarter than I am.
  • #580,479
  • Jan 5, 2012 8:48am Jan 5, 2012 8:48am
damn...i'm just praying for a long long...i got greedy while riding the trend down..and as it broke thru the 1st and 2nd supports...i opened some longs...now its just going into a bottomless pit : (
  • #580,480
  • Jan 5, 2012 8:49am Jan 5, 2012 8:49am
soon 2778
looking for investors . pm me
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