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EURUSD

  • #581,561
  • Jan 9, 2012 5:09am Jan 9, 2012 5:09am
Quoting TzarPips
nice little 1,2 step [70, 53, 80], lets see whether 80 holds...if we cant make it back. toast to 2800...that should foster some profit taking and a small bull nap...new long @760...SL@BE
closed at 782...short@785 risk covered, i hope bears can pack a punch...till about 30...or 25...(tp area...wont refuse 35tho!), then i'll get all bully again...looks like scalping wasnt such bad idea. need to get another long in at the bottom there...now let go you stubborn 50!!...good girl...
Guard your pips jelously
  • #581,562
  • Jan 9, 2012 5:09am Jan 9, 2012 5:09am
sold at 1.2751.
  • #581,563
  • Jan 9, 2012 5:09am Jan 9, 2012 5:09am
Quoting iak
Take profit hit for nice quick 25pips. Thats me done for day.

Attachment

nice trade well done
  • #581,564
  • Jan 9, 2012 5:10am Jan 9, 2012 5:10am
Quoting Nachiket
sold at 1.2751.
Just took profit +30 pips!
fokyou forexfactory
  • #581,565
  • Jan 9, 2012 5:10am Jan 9, 2012 5:10am
Quoting MaxDoom
Ka Ching
You are the man....nice call
  • #581,566
  • Jan 9, 2012 5:15am Jan 9, 2012 5:15am
think we,ve found new bottom the same as 3 hours ago 2743
Trade What You See Not What You Want To See
  • #581,567
  • Jan 9, 2012 5:15am Jan 9, 2012 5:15am
Well, if they stay true to form, the US traders will aim for the low today since London did the high....will see....
  • #581,568
  • Jan 9, 2012 5:17am Jan 9, 2012 5:17am
Short-Term Technicals Warn of Euro Bounce Over Coming Days

Although fundamentals continue to be Euro negative, we would not rule out the potential for a short-term corrective rally in the Euro over the coming sessions. Technically, daily studies are now oversold, and the risks from here are for some form of a bounce before underlying trend resumption. There are some buy-stops reported in EUR/USD above 1.2815, and we would look for a daily close above this level to open the door for a move back towards the 1.3000-1.3200 area over the coming days. Ultimately however, we do remain Euro bearish and target deeper setbacks in this market towards 1.2000 over the coming months.
  • #581,569
  • Jan 9, 2012 5:18am Jan 9, 2012 5:18am
Quoting MaxDoom
Ka Ching
good on ya mate...what do you make out as the end of this little bear run...i'm playing at the bottom of the h4 channel...but the euro is not giving much assurance...i hope the energy she mustered at 2675 is still in there somewhre. i also have a very old line at 53...it played a role on the way up...it seems like it might be something again.(abt where we are)
Guard your pips jelously
  • #581,570
  • Jan 9, 2012 5:21am Jan 9, 2012 5:21am
Quoting pipsallday
think we,ve found new bottom the same as 3 hours ago 2743
Hope you are right mate..
  • #581,571
  • Jan 9, 2012 5:24am Jan 9, 2012 5:24am
Pivotal Area on Eur/USD.
Potential to move higher..

Just watching charts -

Want to short so bad at 1.2753 sitting on hands
Losses to which we are accustomed affect us less deeply.
  • #581,572
  • Jan 9, 2012 5:25am Jan 9, 2012 5:25am
yeah guys, ever heard of correlation, some pairs do really correlate and it can be used for analysis. some pairs corelation is negetive which imply opposite direction and some are positive which imply same direction. Examples of corelated pairs include, eurusd / eurjpy positive corelation, eurusd / usdchf negative correlation also eurnzd / usdcad. do more findind as regards correlation on google.
The End Justifies The Means
  • #581,573
  • Jan 9, 2012 5:26am Jan 9, 2012 5:26am
Quoting CharlieFX
What is it mean BE ?
hello Charlie...BE means Break Even...i.e...point at which i cover myrisk for the trade...and sometimes to a small positive say +2 or 3 pips...i always trail my profit so usually i move the sl(stop loss) around alot...

good on ya...dont stop asking!
Guard your pips jelously
  • #581,574
  • Jan 9, 2012 5:29am Jan 9, 2012 5:29am
what do you guys think as regards today trading. am abit confused as regerds my trading decision. Not sure the bearish trend is ending yet and also I don't want to trade against the trend. Please assistance from anybody would be appreciated.
The End Justifies The Means
  • #581,575
  • Jan 9, 2012 5:30am Jan 9, 2012 5:30am
Quoting 21vs7
Dont really know when will some meeting agenda from merkozy come out of there? think its gonna be just rumours next week.

Yields stable...some correction on the market. Still looking depressed.
DAX under 6.080 atm. Looking to found its place atm also.

Lunch time.
Good setups
OK...DAX still sitting on support.

Yields still trying to fall. but they not letting it go.

under 1,2643 bear mode...under 89 consolidation mode imo.
  • #581,576
  • Jan 9, 2012 5:33am Jan 9, 2012 5:33am
Quoting 21vs7
OK...DAX still sitting on support.

Yields still trying to fall. but they not letting it go.

under 1,2643 bear mode...under 89 consolidation mode imo.
same numbers here buddy
Trade What You See Not What You Want To See
  • #581,577
  • Jan 9, 2012 5:35am Jan 9, 2012 5:35am
time to sleep ending day , may be i should wake up very early,
Mohan
  • #581,578
  • Jan 9, 2012 5:37am Jan 9, 2012 5:37am
1.2743 is balance point for London session.

If it breaks and gets rejected later on after US open, target should be new low for the rest of the day.
They think they are smarter than I am.
  • #581,579
  • Jan 9, 2012 5:37am Jan 9, 2012 5:37am
Quoting mohan76
time to sleep ending day , may be i should wake up very early,
have u entered any trades todsy? i sat in front of my com for 12 hours without making a single trade.! too chicken!
  • #581,580
  • Jan 9, 2012 5:38am Jan 9, 2012 5:38am
Quoting TzarPips
good on ya mate...what do you make out as the end of this little bear run...i'm playing at the bottom of the h4 channel...but the euro is not giving much assurance...i hope the energy she mustered at 2675 is still in there somewhre. i also have a very old line at 53...it played a role on the way up...it seems like it might be something again.(abt where we are)

very interesting question and depends on TF

from a daily point of view I was hoping to see low 1.26xx today and low 1.25xx tomorrow.

for the current move down assuming 1.2784 was a top then

for H1 I would be looking for a test of the last H1 low so around 1.266x if the downtrend is intact.

for lower Tf I am targeting 1.272x being 61.8% retrace of the move up from the low and should be achieveable given overall bear trend.

As for my trades I will hold them through all those levels taking some off at the lows of 1.26xx and 1.25xx but then I am not scalping.
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