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EURUSD

  • #590,721
  • Feb 1, 2012 10:27am Feb 1, 2012 10:27am
Support at 77.
They think they are smarter than I am.
  • #590,722
  • Feb 1, 2012 10:29am Feb 1, 2012 10:29am
Expecting a clean break.
  • #590,723
  • Feb 1, 2012 10:30am Feb 1, 2012 10:30am
Quoting KillerWhale
Waiting for London close for a clue. It's dumb to go short already.
totally agree
  • #590,724
  • Feb 1, 2012 10:30am Feb 1, 2012 10:30am
Quoting rustyram
Anyone thinking short....
Since the price retraced all most close to the high at 1.3230, if this setup is classified as double top which is 200 pip move, then we are looking at , EUR dropping from here to 1.2850/1.2820 area for the 4H wave 2 to end.

This area should give us a good long entry for EUR to target 1.37xx - 1.3800 area...

My current position is Short at 1.3200 , SL 1.3230 TP = 1.3000 or 1.2820 will wait to decide.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-4H-2-1-12.JPG Size: 58 KB
PPP - Patience Pays PIPS
  • #590,725
  • Feb 1, 2012 10:31am Feb 1, 2012 10:31am
Getting my feet wet with FOREX again as I haven't traded it in a while.

Short 1.3183
Looking for 1.3068

May look to add if we don't break 1.3233
  • #590,726
  • Feb 1, 2012 10:32am Feb 1, 2012 10:32am
Dont even think about picking a top, only until the price has reached 1.40 - 1.50 would i start picking tops
  • #590,727
  • Feb 1, 2012 10:32am Feb 1, 2012 10:32am
Another barometer to watch is the Dow close.

Can we close above 12757 today.

12757 was the high on 1/26

This would start to put in a multi top in the Dow leading back to the high of 2011 at 12876 reached on in May of that year.

this is important in my opinion because the EUR tends to move with the Dow overall these days.
  • #590,728
  • Feb 1, 2012 10:32am Feb 1, 2012 10:32am
Quoting Z3iz3i
Support at 77.
Yes,and its rising,started at 50 then 60 now 85,
not playing anymore today but i think we spike up
to 3250.
You can remain irrational longer than you can remain solvent.
  • #590,729
  • Edited 10:55am Feb 1, 2012 10:36am | Edited 10:55am
broker feed : French TV reporting a Greek-PSI deal has been reached...Let the defaults begin. (hard to figure out good news or bad)

i have placed pending sell @ 3277 , i am going back to bed


edit : DJ now reporting that a final Greek debt deal is hours away
Mohan
  • #590,730
  • Feb 1, 2012 10:39am Feb 1, 2012 10:39am
Quoting KillerWhale
It's dumb to go short already.
why ?
  • #590,731
  • Feb 1, 2012 10:54am Feb 1, 2012 10:54am
Quoting Ahmed-Egy
why ?
Open up a eurusd chart...you'll see
Can't see any bearish setup yet as well...i won't short it.

Let's see if a move above today's high will be rejected or not
COT: The precious data ignored
  • #590,732
  • Feb 1, 2012 10:57am Feb 1, 2012 10:57am
Quoting rustyram
Since the price retraced all most close to the high at 1.3230, if this setup is classified as double top which is 200 pip move, then we are looking at , EUR dropping from here to 1.2850/1.2820 area for the 4H wave 2 to end.

This area should give us a good long entry for EUR to target 1.37xx - 1.3800 area...

My current position is Short at 1.3200 , SL 1.3230 TP = 1.3000 or 1.2820 will wait to decide.
That's not double top. Try higher.
  • #590,733
  • Feb 1, 2012 10:57am Feb 1, 2012 10:57am
THIS IS NOT A SHORT U LOOKIN' FOR....
Attached Image
  • #590,734
  • Feb 1, 2012 10:57am Feb 1, 2012 10:57am
Quoting jezek5
Yes,and its rising,started at 50 then 60 now 85,
not playing anymore today but i think we spike up
to 3250.
Why?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #590,735
  • Feb 1, 2012 11:02am Feb 1, 2012 11:02am
Quoting kuroro001
Open up a eurusd chart...you'll see
Can't see any bearish setup yet as well...i won't short it.

Let's see if a move above today's high will be rejected or not
Here is my chart, i see some strong resistance where the price is now plus the overbought condition with the not bad news for the US today ..
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 47 KB
  • #590,736
  • Feb 1, 2012 11:02am Feb 1, 2012 11:02am
Quoting kuroro001
Open up a eurusd chart...you'll see
Can't see any bearish setup yet as well...i won't short it.

Let's see if a move above today's high will be rejected or not
Do you think that friday high will survive? I see triple top on the chart and it seems to EURO havenīt power to go up this ressistance.
  • #590,737
  • Feb 1, 2012 11:05am Feb 1, 2012 11:05am
Quoting KillerWhale
Why?
Because its an up day,
because something keeps buying every dip,
because it would cause max pain to shorts.
Only thing i see against that possibility is that
we've come a long way for one day already.
You can remain irrational longer than you can remain solvent.
  • #590,738
  • Feb 1, 2012 11:07am Feb 1, 2012 11:07am
Quoting Ahmed-Egy
Here is my chart, i see some strong resistance where the price is now plus the overbought condition with the not bad news for the US today ..
Yes resistance is strong up there...but it still can break it...
I'll wait for a spike up...if there is no spike i'll remain flat and will wait for London tomorrow

It might range here
COT: The precious data ignored
  • #590,739
  • Feb 1, 2012 11:09am Feb 1, 2012 11:09am
Quoting Asani
LOL sorry forgot the attachment...
ZigZag pattern complete currently going through Wave 2(correction)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EurUsd 1 Hour.png Size: 35 KB
Click to Enlarge Name: EURUSD(1 hour).png Size: 32 KB
  • #590,740
  • Feb 1, 2012 11:10am Feb 1, 2012 11:10am
Quoting Henryk
Do you think that friday high will survive? I see triple top on the chart and it seems to EURO havenīt power to go up this ressistance.
You know what they say "sell the double top, buy the triple top"

But don't listen to them!

I can't really tell if it's going to break on friday....Price is stalling here...spike up is possible...rejection can be shorted.

But i'll wait..patience is the key...it already rose 180 pips from it's low
COT: The precious data ignored
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