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  • #580,541
  • Jan 5, 2012 10:25am Jan 5, 2012 10:25am
Quoting kbmoonshinex
weekly 61.2% and magnet monthly pivot.
2778 is the bottom price. now going 2979.
looking for investors . pm me
  • #580,542
  • Jan 5, 2012 10:31am Jan 5, 2012 10:31am
holding my long at 1.2804, but no adding. some retracement time, but I doubt if this is the big return. Setting in a possible TP at 1.2850, sl at 1.2770. Partial profit at +15 pips.

Done for today, happy to have got most of the drop, not very successfull to find the bottom today, but you can't get all.
  • #580,543
  • Jan 5, 2012 10:31am Jan 5, 2012 10:31am
Quoting kbmoonshinex
2778 is the bottom price. now going 2979.
2979? in your opinion, would it be within the week?
  • #580,544
  • Jan 5, 2012 10:33am Jan 5, 2012 10:33am
There should be a breakout in the next 15 to 20 minutes.
Time turns trend. - W.D. Gann
  • #580,545
  • Jan 5, 2012 10:37am Jan 5, 2012 10:37am
Quoting motoro
2979? in your opinion, would it be within the week?
i think that 2778 is the maximum down. yes it can be the week.
looking for investors . pm me
  • #580,546
  • Jan 5, 2012 10:40am Jan 5, 2012 10:40am
Quoting izzas
like i said earlier, there is no clear setup for this pair either, but still i dont understand y are people still go long for this pair..

can some enlighten me, just curious.. want to understand the rationale behind longs

Thanks
think this way euro has been falling since 1.41 ending October,so it feel now over 1000pips non stop without any major retrace,So id rather risk small position going long with long instead trying to make 50-100pips and risking few houndread pips if euro retraces eventually ,which will happen in a week or so,as everything in forex moves in cycles and euro one is about to change.
  • #580,547
  • Jan 5, 2012 10:44am Jan 5, 2012 10:44am
Quoting pinkiaiii
think this way euro has been falling since 1.41 ending October,so it feel now over 1000pips non stop without any major retrace,So id rather risk small position going long with long instead trying to make 50-100pips and risking few houndread pips if euro retraces eventually ,which will happen in a week or so,as everything in forex moves in cycles and euro one is about to change.
Thanks, it a bit clearer to me now
  • #580,548
  • Jan 5, 2012 10:46am Jan 5, 2012 10:46am
For those looking to gamble on the long side. Take a look at this 4H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 75 KB
Fear prevent possibilities, and so does Greed
  • #580,549
  • Jan 5, 2012 10:56am Jan 5, 2012 10:56am
I like people who try to catch the falling knife.
There is still much room to go - to the downside. We could retrace a bit, but don't expect a big retracement.

That's just my honest opinion.
  • #580,550
  • Jan 5, 2012 10:56am Jan 5, 2012 10:56am
waiting..
Attached Image (click to enlarge)
Click to Enlarge Name: here2.gif Size: 27 KB
looking for investors . pm me
  • #580,551
  • Jan 5, 2012 11:00am Jan 5, 2012 11:00am
Quoting Dagobert
I like people who try to catch the falling knife.
There is still much room to go - to the downside. We could retrace a bit, but don't expect a big retracement.

That's just my honest opinion.



This morning was a nice move to the downside, but I don't see capitualation yet.

It got to get a little more thunderous than that :-)

Not yet...
  • #580,552
  • Jan 5, 2012 11:00am Jan 5, 2012 11:00am
i think we saw enough from euro bears today...i will add some longs for a short speculation ^^
Pecunia non olet
  • #580,553
  • Jan 5, 2012 11:05am Jan 5, 2012 11:05am
For those who are long I suggest learning what an "underline trend" is - if you do - you then would go a long ways and it isn't about drawing a trend line on your charts.
The Dove - Forex Trainer
  • #580,554
  • Jan 5, 2012 11:08am Jan 5, 2012 11:08am
For anyone trading Gold.

Its back at the top of the range.
  • #580,555
  • Jan 5, 2012 11:11am Jan 5, 2012 11:11am
Quoting xtrader101
For those looking to gamble on the long side. Take a look at this 4H chart.
Thanks for posting your chart.
But your point is?
From your chart it makes sense to go long, since its finding support at your trend line.
  • #580,556
  • Jan 5, 2012 11:12am Jan 5, 2012 11:12am
Obama to announce 1T $ MUST refinancing of mortgages. This could have an impact on the dollar.
  • #580,557
  • Jan 5, 2012 11:13am Jan 5, 2012 11:13am
ok, now it is time to go LONG.......or SHORT
  • #580,558
  • Jan 5, 2012 11:15am Jan 5, 2012 11:15am
Quoting iulli
ok, now it is time to go LONG.......or SHORT
You forgot the 3rd: Staying out. Thats the wisest now probably.

For me: I got a very small long position open ( Trying to catch the knife ).
  • #580,559
  • Jan 5, 2012 11:16am Jan 5, 2012 11:16am
I think we will see 2724
before we retrace to 29xx

Standing aside at the moment watchin PA
Losses to which we are accustomed affect us less deeply.
  • #580,560
  • Jan 5, 2012 11:17am Jan 5, 2012 11:17am
Quoting attila
Obama to announce 1T $ MUST refinancing of mortgages. This could have an impact on the dollar.
wasn't the news announce sometime back in oct11?
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