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  • #584,801
  • Jan 17, 2012 10:13am Jan 17, 2012 10:13am
46 is around 33 pips half way between 2780 and the last low. It could rotate one more time up and then down to 2680.

46 is key.
  • #584,802
  • Jan 17, 2012 10:13am Jan 17, 2012 10:13am
Quoting ingmarforex
did you just came out of school boy
eheheheh..
  • #584,803
  • Jan 17, 2012 10:18am Jan 17, 2012 10:18am
Quoting attila
46 is around 33 pips half way between 2780 and the last low. It could rotate one more time up and then down to 2680.

46 is key.
so 1.2780 is the target then market will go to 1.2680??
  • #584,804
  • Jan 17, 2012 10:19am Jan 17, 2012 10:19am
Quoting attila
46 is around 33 pips half way between 2780 and the last low. It could rotate one more time up and then down to 2680.

46 is key.
well done man, im following ya
  • #584,805
  • Jan 17, 2012 10:24am Jan 17, 2012 10:24am
Quoting viitrader
well done man, im following ya
lol. Don't. I change my mind very often. I'm long and short ATM.
  • #584,806
  • Jan 17, 2012 10:24am Jan 17, 2012 10:24am
Quoting viitrader
u mean for the long haul, long or short?
Long and by long haul i mean, buy and hold for the long term.

Days weeks etc.

The reason I ask is attached.

Technically speaking we look to be set up perfectly to take a position and hold it.
Attached Image (click to enlarge)
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  • #584,807
  • Jan 17, 2012 10:27am Jan 17, 2012 10:27am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
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give 1 and get 100
  • #584,808
  • Jan 17, 2012 10:27am Jan 17, 2012 10:27am
Quoting viitrader
well done man, im following ya
The friday liquidity spike was closed today, as expected... Now we've got two left and we are right in the middle of them. Which one will be first? That's the question.... To make it even more interesting 10:30 usually brings a reverse. We'll see..

Going below 10 will make it fall really hard, just to kill the longs, but there's a lot of support at 2680. Right now I'll hold both positions, and add as we move along..
  • #584,809
  • Jan 17, 2012 10:31am Jan 17, 2012 10:31am
Quoting todstars2
Long and by long haul i mean, buy and hold for the long term.

Days weeks etc.

The reason I ask is attached.

Technically speaking we look to be set up perfectly to take a position and hold it.
Why would anyone go long on Euro long term? The currency is practically disintegrating before our very eyes. Certain channels may indicate a upward push to maybe 30 or 31, but to me, that is high risk. The long term trend is down and if the Euro goes to parity, the ECB will most likely be no more.
Taigen Profit This Month: na
  • #584,810
  • Jan 17, 2012 10:32am Jan 17, 2012 10:32am
liquidity spikes
  • #584,811
  • Jan 17, 2012 10:33am Jan 17, 2012 10:33am
Quoting ingmarforex
liquidity spikes
I don't care, this market is big enough for all of us.
  • #584,812
  • Jan 17, 2012 10:42am Jan 17, 2012 10:42am
Quoting Taigen
Why would anyone go long on Euro long term? The currency is practically disintegrating before our very eyes. Certain channels may indicate a upward push to maybe 30 or 31, but to me, that is high risk. The long term trend is down and if the Euro goes to parity, the ECB will most likely be no more.
Price.

the eur is a bargain against the usd.

if you look at the usd/cad pair, it has hit resistance and is rolling over.

the eur will not disappear. it has two choices, go down or up.

im not suggesting the situation should not be monitored closely but if you use technical analysis at all, the chart attached suggest that we have reached a turning point at or near this level and long positions are being assumed, for the long term.

that can be seen in the price action, not only in the eur/usd but if you compare to other usd markets too.
  • #584,813
  • Jan 17, 2012 10:47am Jan 17, 2012 10:47am
Quoting Taigen
Why would anyone go long on Euro long term? The currency is practically disintegrating before our very eyes. Certain channels may indicate a upward push to maybe 30 or 31, but to me, that is high risk. The long term trend is down and if the Euro goes to parity, the ECB will most likely be no more.

Yeah, totally, anything worth as much as a dollar should not be deemed a currency.
  • #584,814
  • Jan 17, 2012 10:50am Jan 17, 2012 10:50am
Quoting Taigen
Why would anyone go long on Euro long term? The currency is practically disintegrating before our very eyes. ... ...The long term trend is down and if the Euro goes to parity, the ECB will most likely be no more.
The EURO was below parity until mid 2002. Didn't stop Europe developing. Will be uncomfortable to get there again but life will go on. And a strong US dollar will not do the US much good remember.
  • #584,815
  • Jan 17, 2012 10:50am Jan 17, 2012 10:50am
Quoting kuroro001
Eyeing 1,2705...unless 1,2720 is protected again.
Out for nothing...it's ranging between 40 and 50
COT: The precious data ignored
  • #584,816
  • Jan 17, 2012 10:52am Jan 17, 2012 10:52am
People, Politicians,Companies and Countries, lie, and/or obfuscate to support the view they want the audience to have.

None are to be trusted when it comes to protecting your money. That is what this business is all about.

How to extract money out of the other guys pocket without having to resort to physical force to do so.

The tape does not lie.

That's why I prefer using it to make my trading decisions.
  • #584,817
  • Jan 17, 2012 10:54am Jan 17, 2012 10:54am
Quoting todstars2
Price.

but if you use technical analysis at all, the chart attached suggest that we have reached a turning point at or near this level and long positions are being assumed, for the long term.

.

but the only thing on your chart is an arrow showing that current price is around a low in 2010. that in itself does not indicate a turning point chap!

The lower TL you have drawn is not one it is simply a line contecting two points, so I don't see on your chart how it suggests that long is the order of the day - can you explain how your chart shows this?
  • #584,818
  • Jan 17, 2012 10:56am Jan 17, 2012 10:56am
Interesting development we have here on M5
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  • #584,819
  • Jan 17, 2012 10:56am Jan 17, 2012 10:56am
Quoting kuroro001
Out for nothing...it's ranging between 40 and 50
It'll start moving. Just give it a little time.
  • #584,820
  • Jan 17, 2012 11:00am Jan 17, 2012 11:00am
Quoting MaxDoom
but the only thing on your chart is an arrow showing that current price is around a low in 2010. that in itself does not indicate a turning point chap!

The lower TL you have drawn is not one it is simply a line contecting two points, so I don't see on your chart how it suggests that long is the order of the day - can you explain how your chart shows this?
The other key clue that I should have included is the SUPPORT.

If you move to the monthly chart and look back at Oct 2006 and Oct 2008 you will see that this was the a turning point then, or in other words, sellers STOPPED supplying the market with excess euro.

Think in terms of supply and demand, not what the news is telling you.

This is BLACK FRIDAY at Walmart... to my view.
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