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  • #598,981
  • Feb 23, 2012 9:26am Feb 23, 2012 9:26am
Quoting kuroro001
That's a hell of bounce for equities...fast & furious
It sure was,looks like someone wanted to buy lower,
nice trick if you've got the money.
You can remain irrational longer than you can remain solvent.
  • #598,982
  • Feb 23, 2012 9:27am Feb 23, 2012 9:27am
The EUR/USD (Euro Dollar) bottomed on January 13, 2012 at 1.262 from a severely oversold technical condition. Since that time, the EUR/USD has surged sharply higher and is now trading into the 1.329 level. This type of robust rebound is very common after such a steep downdraft. In fact, the EUR/USD still could have some more upside left in the tank before another major pullback takes place.

Watch for near term daily chart resistance around the 1.339 area. This is a likely area that traders can sell short the EUR/USD; this resistance level is very strong. The fifty percent retrace level from the October 27, 2011 top to the January 2012 low will be at 1.344, this is definitely another important resistance point should the EUR/USD trade up to that level. Personally, I do not expect this level to get tagged, however, you just never know for sure what the central banks will do. This morning, the EUR/USD will have intra-day support around the 1.327, 1.325, and 1.322 levels.

Some other vehicles for traders to play the EuroDollar will be to use the FXE, and the EUO.

http://www.inthemoneystocks.com/imag...%202.23.12.jpg
  • #598,983
  • Feb 23, 2012 9:33am Feb 23, 2012 9:33am
Quoting kuroro001
That's a hell of bounce for equities...fast & furious
Really? But EUR/USD is back over the 1.33.
  • #598,984
  • Feb 23, 2012 9:35am Feb 23, 2012 9:35am
Eur/USD is like gambling now lol
  • #598,985
  • Feb 23, 2012 9:38am Feb 23, 2012 9:38am
entered short at 13306. out +10 pips.
  • #598,986
  • Feb 23, 2012 9:39am Feb 23, 2012 9:39am
Quoting whatfx
entered short at 13306. out +10 pips.
do you always trade exactly on the resistance?
  • #598,987
  • Feb 23, 2012 9:43am Feb 23, 2012 9:43am
Quoting Henryk
Really? But EUR/USD is back over the 1.33.
I'm not scared...

And i need to have a look at the correlation between Platinium and eurusd...
Each time i notice a reversal on Platinium, eurusd follows...maybe it's only me though lol
COT: The precious data ignored
  • #598,988
  • Feb 23, 2012 9:45am Feb 23, 2012 9:45am
DAX slump today and yesterday and EUR/USD still go high.
  • #598,989
  • Feb 23, 2012 9:47am Feb 23, 2012 9:47am
Quoting AdSCFT
do you always trade exactly on the resistance?

its a good idea to do so , especially when you are scalping. but look for candlestick patterns as well.

my entries and exits when scalping are based on 1 minute charts - my master scalping chart i devised. excellent.
  • #598,990
  • Feb 23, 2012 9:48am Feb 23, 2012 9:48am
i see another short oppurtunity on m15.
  • #598,991
  • Feb 23, 2012 9:56am Feb 23, 2012 9:56am
Quoting whatfx
i see another short oppurtunity on m15.
Either now...or around 1,3325-30
COT: The precious data ignored
  • #598,992
  • Feb 23, 2012 10:00am Feb 23, 2012 10:00am
its not wise to trade in (go short or long) the middle ,,,
wait and see,then jump
  • #598,993
  • Feb 23, 2012 10:04am Feb 23, 2012 10:04am
SHORT AGAIN AT 1.3310. S.L @1.3319. T.P @1.3000. PREVIOUS SHORT CLOSED AT B.E.
C.O.B.R.A FX - MENACE TO MY BROKER!!
  • #598,994
  • Feb 23, 2012 10:06am Feb 23, 2012 10:06am
the socialists win again
  • #598,995
  • Feb 23, 2012 10:07am Feb 23, 2012 10:07am
S&P bounce from opening low after the US data with EURUSD follow suit. My short underwater a bit...dem...
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #598,996
  • Edited 11:30am Feb 23, 2012 10:21am | Edited 11:30am
She will not get much further today! 1.332ish to 335ish

Primary trend remains upwards.

Strong resistance to overcome between 9/23/2010 and 11/24/2010.

One more confirmation, the Dow is testing the other days high at 13000

Ready to fall off.
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  • #598,997
  • Feb 23, 2012 10:32am Feb 23, 2012 10:32am
I think tonight we will test again 3272 (the previous time it didn't broke), if it breaks, bear will start again, if no, bulls might rule tomorrow,
  • #598,998
  • Feb 23, 2012 10:42am Feb 23, 2012 10:42am
short E/usd tp 1.3270
  • #598,999
  • Feb 23, 2012 10:51am Feb 23, 2012 10:51am
Quoting kuroro001
Either now...or around 1,3325-30
Exactly where I am looking, mate...

Have a nice offer placed in this area.

Draghis babbling might help
Quant Hedge Fund CEO
  • #599,000
  • Feb 23, 2012 11:05am Feb 23, 2012 11:05am
may be, means any thing to be clear more ...
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