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EURUSD

  • #594,561
  • Feb 13, 2012 10:13am Feb 13, 2012 10:13am
Quoting KillerWhale
Lol, seems that 1.3320 is now resistance.
how strongly able to penetrate is concern for me...
if not .. what would you do?
  • #594,562
  • Feb 13, 2012 10:16am Feb 13, 2012 10:16am
if t 08 holds which is the 61.8 level
and euro hits 3250 we may see 3300 again !!
Losses to which we are accustomed affect us less deeply.
  • #594,563
  • Feb 13, 2012 10:17am Feb 13, 2012 10:17am
Quoting Pipbumper
Always looking here what you traders are doing .... after I made mine. In this case I went long at 1.3211 with a short sl, since breaking down below 1.3195 opens a lot more down, at least filling the gap from the weekend.
So if I forget the possible down drop, looking up I see 1.3360 as a possible target, depending if the Greece news is sustaining.

Anyway, I like my trade, even if it fails it was a good entry and sl, alarms are set if going below 1.3150 for a possible sell.

Have fun
Weird place to go long, just under resistance 1.3220
New voice message: Why are you calling me? If I need you, I'll call you!
  • #594,564
  • Feb 13, 2012 10:17am Feb 13, 2012 10:17am
The market is so slow today.
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #594,565
  • Feb 13, 2012 10:20am Feb 13, 2012 10:20am
round numbers often give a clue, if the pair keeps hanging above a '00' round number and suddenly it penetrates some pips down, it usually goes down to the 80's below that (in case the pair goes down ...)
However it it holds for a rather 'long' time (max 1h) it could be a reversal point. One of the reasons I went long was this, please remind that this is no guarantee, just an often obeservation.
  • #594,566
  • Feb 13, 2012 10:25am Feb 13, 2012 10:25am
Highly irritative PA
Read the chart... Fundies are catalyst...
  • #594,567
  • Feb 13, 2012 10:27am Feb 13, 2012 10:27am
retailers heavy short maybe this is bottom
  • #594,568
  • Feb 13, 2012 10:28am Feb 13, 2012 10:28am
Quoting Pipbumper
round numbers often give a clue, if the pair keeps hanging above a '00' round number and suddenly it penetrates some pips down, it usually goes down to the 80's below that (in case the pair goes down ...)
However it it holds for a rather 'long' time (max 1h) it could be a reversal point. One of the reasons I went long was this, please remind that this is no guarantee, just an often obeservation.
Very good observation. Strongly agree with you.. It happens many2 times.. I'm watching it closely.
Go figure.. Simplicity work
  • #594,569
  • Feb 13, 2012 10:28am Feb 13, 2012 10:28am
Quoting KillerWhale
Lol, seems that 1.3320 is now resistance.

Hey Killer Whale,

Are you still long to 1.35++???
  • #594,570
  • Feb 13, 2012 10:30am Feb 13, 2012 10:30am
My suspicion is that the ECB and IMF along with China have been artificially over valuing the Euro for the last few weeks by taking huge long positions in the forex market. They could be using that 500 billion euro fund they started in addition to their current capital to keep the euro high so that the "private investors" who are being forced to take a "haircut" will at least see that the value of their investments is not being further gouged by currency devaluation. Now that the greek deal is all but said and done I expect the value to balance out around 1.29. U.S. news has been booming all year and EUR has sucked, why we still paying 1.32??
  • #594,571
  • Feb 13, 2012 10:32am Feb 13, 2012 10:32am
Quoting sidhujag
retailers heavy short maybe this is bottom
Yeah ? How do you know that ? Got any sources?
COT: The precious data ignored
  • #594,572
  • Feb 13, 2012 10:35am Feb 13, 2012 10:35am
It may hit 3250 after the next H4 candle
  • #594,573
  • Feb 13, 2012 10:37am Feb 13, 2012 10:37am
Quoting kuroro001
Yeah ? How do you know that ? Got any sources?
keep sl as close as possible, it could go both ways, long is a possibility, but not if it goes lower then open. Short is more difficult,at least to my opinion
  • #594,574
  • Feb 13, 2012 10:38am Feb 13, 2012 10:38am
Long triggered at 1.321
  • #594,575
  • Feb 13, 2012 10:38am Feb 13, 2012 10:38am
closed my short at 1.3204.
now the qustion is: bounce or continuation? i will wait for signal
When life gives you lemons, make lemonade
  • #594,576
  • Feb 13, 2012 10:40am Feb 13, 2012 10:40am
some add at 1.3205 .. same sl long
  • #594,577
  • Feb 13, 2012 10:41am Feb 13, 2012 10:41am
Quoting Pipbumper
round numbers often give a clue, if the pair keeps hanging above a '00' round number and suddenly it penetrates some pips down, it usually goes down to the 80's below that (in case the pair goes down ...)
However it it holds for a rather 'long' time (max 1h) it could be a reversal point. One of the reasons I went long was this, please remind that this is no guarantee, just an often obeservation.
And, I hate this waiting. I'm not sure I follow your logic about why it'll break higher.
"The only way to win the game is not to play." - B. S. Miller
  • #594,578
  • Feb 13, 2012 10:42am Feb 13, 2012 10:42am
Quoting micho
closed my short at 1.3204.
now the qustion is: bounce or continuation? i will wait for signal
My Short cover Pending @2303 still Pending...
If it was easy, everyone would do it.
  • #594,579
  • Feb 13, 2012 10:43am Feb 13, 2012 10:43am
Quoting micho
closed my short at 1.3204.
now the qustion is: bounce or continuation? i will wait for signal
for me that move was the signal, with sl at 1.3195, reverse or close the gap ...
  • #594,580
  • Feb 13, 2012 10:48am Feb 13, 2012 10:48am
so possible scenario, it drops to .95, returns up to 1.3220 then drops lower. Don't get caught in any trade if you are not in it ...
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