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EURUSD

  • #593,641
  • Feb 9, 2012 9:06am Feb 9, 2012 9:06am
Well it seems like the price action is trying to work its way up to the 3362 level. I have attached the chart it’s actually a six bar range chart, I like range chart myself, takes time out of the question and only leaves the price action. As you can see from the previous move up above the 20 and 50 exponential moving averages, the price action actually retraced to 3270 and has just missed the 1.618 Fibonacci extension target of 3324, which also happens to be a resistance level, so it's not really much of a surprise that this level was not broken in my opinion. Now it's time to sit on the sidelines and wait for another price action entry. Good luck to all

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD02-09-2012-Range.jpg Size: 157 KB
  • #593,642
  • Feb 9, 2012 9:08am Feb 9, 2012 9:08am
EU can only rise if it breaks 1.3345 then to 3420 which is another resistance.
  • #593,643
  • Feb 9, 2012 9:09am Feb 9, 2012 9:09am
Quoting Dyekid217
here's my long on EURUSD and why I bought two days ago.

Be wary of shorting this sucker.. cot analysis is showing open interest falling on euro with prices rising also signs of reversal.
Seems like you have a few good trades going on their pal. Congratulations, keep up the good work we always like to see winners.

  • #593,644
  • Feb 9, 2012 9:09am Feb 9, 2012 9:09am
what I am doing lol,
Attached Image (click to enlarge)
Click to Enlarge Name: xxx2.gif Size: 18 KB
" Accepting losses is the most important single investment devise "
  • #593,645
  • Feb 9, 2012 9:09am Feb 9, 2012 9:09am
Still maintaining a short at EU @1.3310 - 20 lvls..... News of Greece accepting austerity deal is out ...now they have to face internal turmoil.... so basically instead Greece out of crisis it wud be Euro partners sharing the crisis.... so ultimately the situation we can rate it bad from worse......
  • #593,646
  • Feb 9, 2012 9:12am Feb 9, 2012 9:12am
Only go short if EU breaks 3250 then 3160 is a new support.
  • #593,647
  • Feb 9, 2012 9:13am Feb 9, 2012 9:13am
i m very confused... in my open trades..

i have 1 buy position @ 1.3302 and 2 sell position @ 1.3244 of same size lot

what should i do, i shld wait or i shld close buy or sell trades..

suggest me guyzz
  • #593,648
  • Feb 9, 2012 9:13am Feb 9, 2012 9:13am
Frustration ends and sellers are coming now.
Bull will face heavy to heavier down pressure in every upside move till a good retracement.
You cannot learn better without losing
  • #593,649
  • Feb 9, 2012 9:14am Feb 9, 2012 9:14am
Quoting grashid
i will not touch EU until it reach 1.3350-1.3720/50...unless u guys holding a long position since 1.2550-1.26 then should be ok i think. Still wont touch this pair yet
ok thankx
MMMYYYKKK
  • #593,650
  • Feb 9, 2012 9:14am Feb 9, 2012 9:14am
Quoting Getthepips
Seems like you have a few good trades going on their pal. Congratulations, keep up the good work we always like to see winners.

thanks

Wondering what the ECB release will bring. My guess is it'll send this pair higher.. regardless i'll still be long and I've got enough room on my stop even for a news spike. I'm a long term trader though so don't follow if youre trading intraday.. I'll mostly hold my trades for another week or until they hit tp.. whichever comes first
  • #593,651
  • Feb 9, 2012 9:15am Feb 9, 2012 9:15am
Quoting freedom48
touch of 3321 very important, this was the very top of today perhaps..
I think it'll touch the R2 daily at 1.3322 and then perhaps the weekly R2 at 1.3338.
  • #593,652
  • Feb 9, 2012 9:18am Feb 9, 2012 9:18am
PRIME MINISTER'S PRESS



"Athens, February 9, 2012



Completed this morning with the success of government consultation with the Troika on the subject, which was left open for further elaboration and discussion. The political leaders agreed on the outcome of these consultations.



Therefore there is a general agreement on the new program in view of tonight's meeting and the Giourogkroup. As is known, the program came with the new loan agreement with which Greece will be financed with 130 billion euros."




LOOOOOOOOOOL so in 2 weeks they have accomplished ABSOLUTLY NOTHING HAHAHAHAHHAHAHAHAAHAHAHAHA THIS IS A FUCKING JOKE AND SHOWS YOU ALTHOUGH EURO MAY RISE IN THE SHORT TERM THIS IS A BUNCH OF IDIOTS WE ARE DEALING WITH AND EUR WILL EVENTUALLY GO TO PARITY I THINK BY THE END OF THIS YEAR
  • #593,653
  • Edited 9:31am Feb 9, 2012 9:20am | Edited 9:31am
She's been knocking at the heaven door for 5 times already, notice my upper trend line. I think she will knock once more around 1.333x lv and head south. As you can see, the last wave north is quite steep and that kind of wave break easily and usually with a bang.

Edit:I think we have an earlier break, look at the second attachment.

Edit2: Closed it, I forgot that I promised earlier not to trade because my MT4 has been randomly freezing and I haven't sort out what's wrong with it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 31.png Size: 37 KB
Click to Enlarge Name: 32.png Size: 37 KB
  • #593,654
  • Feb 9, 2012 9:23am Feb 9, 2012 9:23am
Quoting kuroro001
What's funny...?
Should i give u 200 bucks to help me improve my trading ?
Hey that's funny, I would sure go for that.
I could collect $200 and just tell you to follow the technicals.
Easy money.
And what do the technicals tell me?
For now, I think we've had the high for the day. Fading a bit at the moment.
But we'll get new highs.
I'm a strong believer in Fibs and we'll see 50% and possibly 61.8%.

After that? A FreeFall for all?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #593,655
  • Feb 9, 2012 9:23am Feb 9, 2012 9:23am
Quoting Fx93
I think it'll touch the R2 daily at 1.3322 and then perhaps the weekly R2 at 1.3338.
daily range around 3235-3315,,if we stay inside then we should make another dip today, a breakout seems not to possible on the last attempt
" Accepting losses is the most important single investment devise "
  • #593,656
  • Feb 9, 2012 9:28am Feb 9, 2012 9:28am
Quoting katrooo
faded the break with smaller SL,

lets see
Nice trade... I like the boldness of that move... wouldn't want to play poker with you... you're the type to re-re-raise when your bluffing

*******edit* actually that's a bad analogy... you're the type to call a re-re-raise smelling a bluff
  • #593,657
  • Feb 9, 2012 9:30am Feb 9, 2012 9:30am
Quoting KillerWhale
But we'll get new highs.
u think same as me.
gl dude.

  • #593,658
  • Feb 9, 2012 9:30am Feb 9, 2012 9:30am
u guys r funny man reminds me of hihgschool..pissin matches all over the place geeze. lots of internet rambos in here lool
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #593,659
  • Feb 9, 2012 9:30am Feb 9, 2012 9:30am
i don't know that why it does not broke out, up, down,up down, two days boring.
Think Different
  • #593,660
  • Feb 9, 2012 9:35am Feb 9, 2012 9:35am
IMF on the wires urging easing by ECB... urges lower rates and urges ECB to adopt unconventional policies (QE)

Gives hint that they think situation is bad and Draghi not doing enough
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