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EURUSD

  • #602,301
  • Mar 1, 2012 6:19am Mar 1, 2012 6:19am
Quoting happytrader
excellent analysis
Nothing excellent about that and completely nonsense.
Look at the 4hr chart, what is overbought here?
Lol, I see a big bearish divergence in stead.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4 hr march 1.gif Size: 34 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #602,302
  • Mar 1, 2012 6:20am Mar 1, 2012 6:20am
Quoting mohan76
ECB Backdoor bailout works.........
ITALIAN 10-YEAR BOND YIELD DROPS BELOW 5% FIRST TIME SINCE AUG.

4.974
You have to hand it to the Europeans. They know how to kick the can and stretch a definition. It will work too if they can balance their budgets. But how are they going to do that with a declining tax base?
Kill the ego, or it will kill the mission.
  • #602,303
  • Mar 1, 2012 6:20am Mar 1, 2012 6:20am
very low liquidity & volume- no strong movements
follow the flow of music $
  • #602,304
  • Mar 1, 2012 6:21am Mar 1, 2012 6:21am
Quoting mohan76
hope he not booked his short
euro PA looks very messy right now.. at least to me.

do you see a triangle at 15 min or 1 hr?
  • #602,305
  • Mar 1, 2012 6:29am Mar 1, 2012 6:29am
Quoting KillerWhale
Nothing excellent about that and completely nonsense.
Look at the 4hr chart, what is overbought here?
Lol, I see a big bearish divergence in stead.
Oh, overbought on Daily
On 4H you're right... OverSold.
But why "completely nonsense" ...
Take care buddy...
Read Charts - Not Papers
  • #602,306
  • Mar 1, 2012 6:31am Mar 1, 2012 6:31am
Quoting happytrader
euro PA looks very messy right now.. at least to me.

do you see a triangle at 15 min or 1 hr?
i am very week in patterns, i am looking at Dax currently settle above 6900 should come down first, more or less euro will do range till USA

Just my view

edit : i could be wrong , dax now 6893
Mohan
  • #602,307
  • Mar 1, 2012 6:33am Mar 1, 2012 6:33am
Quoting mathprav
they say the impact is not much as its nothing when compared to economy of Germany and others... its just like taking out a bucket full of water from ocean....
Maybe we could handle Greece, but what about Portugal, Spain, Italy, Ireland, United States, UK, Japan, etc. who aren't far behind?

The CDS market is estimated to be anywhere from $500 trillion- $1000 trillion, do you think the institutions that wrote them have the money to pay all that? Through fractional reserve banking they don't even have to have the money to give out loan. They can't just print the money either or it will become more worthless than it already is.

It's not just Greece, it's the entire world artificially inflated on a massive credit bubble that could blow at any moment.
  • #602,308
  • Mar 1, 2012 6:35am Mar 1, 2012 6:35am
Quoting halkins
Good Morning Traders….

Over the years of trading, I discovered one truth:
When the market is highly overbought, good news has less or none impact then bad news.
This is exactly what had happened yesterday. Despite very positive news from US the price didn’t respond,
while few negative Bernanke’s words made all markets cracked down.
it is only becouse, eu euro was overboughted, the price is wird-high, so bad news put her down. and that is it.
no more.
  • #602,309
  • Mar 1, 2012 6:35am Mar 1, 2012 6:35am
Quoting KillerWhale
Nothing excellent about that and completely nonsense.
Look at the 4hr chart, what is overbought here?
Lol, I see a big bearish divergence in stead.
Well, I donīt believe much in OB/OS stuff anyway...Iīve seen markets going up without stop or hesitation with indies in OB levels for weeks and even often the other way round, when markets drop big time, they take no prisoners and donīt really care about some oversold something...

The only thing I care about with oscillators is - divs...They tend to work quite nicely...
Quant Hedge Fund CEO
  • #602,310
  • Mar 1, 2012 6:37am Mar 1, 2012 6:37am
bye bye turd
If you are new to Forex? Say Goodbye to your account!!
  • #602,311
  • Mar 1, 2012 6:39am Mar 1, 2012 6:39am
Quoting mohan76
i am very week in patterns, i am looking at Dax currently settle above 6900 should come down first, more or less euro will do range till USA

Just my view
i'm not very good with patterns too but i'm trying to identify patterns as much as i can - i think it helps a lot.

it seems that euro has broken out of the triangle on 15 min. it's falling....

i'm done for the day, today's okay for me. last 3 days = horrible. i can't believe i'd to HOLD my long for 4 hours to hit 40 pips.

i almost closed it for 15 pips... cos it's up down up down etc. but i told myself... think of your bloody losses in the last few weeks. it's time to stick to my RR and profit in the long run
  • #602,312
  • Mar 1, 2012 6:41am Mar 1, 2012 6:41am
Quoting FXMastermind
Well, I donīt believe much in OB/OS stuff anyway...Iīve seen markets going up without stop or hesitation with indies in OB levels for weeks and even often the other way round, when markets drop big time, they take no prisoners and donīt really care about some oversold something...

The only thing I care about with oscillators is - divs...They tend to work quite nicely...
None of "method" works only itself... neither OB/OS, all oscillators, support, resistance, Fibo levels etc... etc..
For me, the compilation of three or four signals makes sense, and works with me.
What I wanted to say is, that in any other circumstances such a positive GDP would definitely have bigger impact on the market...
Nothing less, nothing more...
Read Charts - Not Papers
  • #602,313
  • Mar 1, 2012 6:42am Mar 1, 2012 6:42am
Heading towards 1,328x level it seems. A bounce might appear there.

But a move below 1,326x could be a good long opportunity for a couple of pips!
COT: The precious data ignored
  • #602,314
  • Mar 1, 2012 6:44am Mar 1, 2012 6:44am
Quoting happytrader
i'm not very good with patterns too but i'm trying to identify patterns as much as i can - i think it helps a lot.

it seems that euro has broken out of the triangle on 15 min. it's falling....

i'm done for the day, today's okay for me. last 3 days = horrible. i can't believe i'd to HOLD my long for 4 hours to hit 40 pips.

i almost closed it for 15 pips... cos it's up down up down etc. but i told myself... think of your bloody losses in the last few weeks. it's time to stick to my RR and profit in the long run
don't forget the partial profit taking, today incident pure unlucky it want happen much often


edit : no credit default for greek cds
Mohan
  • #602,315
  • Mar 1, 2012 6:45am Mar 1, 2012 6:45am
14:40 01Mar12 RTRS-DERIVATIVES BODY ISDA SAYS CREDIT EVENT HAS NOT OCCURRED FOR GREECE, CDS CONTRACTS NOT TRIGGERED

14:42 01Mar12 RTRS-ISDA DECISION RELATES TO BOTH QUERIES SUBMITTED TO THE DETERMINATIONS COMMITTEE

14:43 01Mar12 RTRS-ISDA COMMITTEE VOTED UNANIMOUSLY AGAINST DECLARING CREDIT EVENT ON GREECE

14:44 01Mar12 RTRS-ISDA COMMITTEE NOTES GREEK SITUATION STILL EVOLVING, FURTHER QUESTIONS MAY BE SUBMITTED FOR CONSIDERATION
  • #602,316
  • Mar 1, 2012 6:47am Mar 1, 2012 6:47am
Quoting mohan76
don't forget the partial profit taking, today incident pure unlucky it want happen much often
yap yap, partial profit taking is essential. esp in choppy and unpredictable PA right? thanks! haha,
  • #602,317
  • Mar 1, 2012 6:47am Mar 1, 2012 6:47am
it is going towards 1.326
  • #602,318
  • Mar 1, 2012 6:48am Mar 1, 2012 6:48am
Any one still thinking about going long? Eurusd is in a downtrend and will continue to fall down this week will se what will do next week but this week (today and tommorow) only sell sell sell
  • #602,319
  • Mar 1, 2012 6:48am Mar 1, 2012 6:48am
Hmm.. will 3300 break or bounce? And could some wise trader please explain why the lack of triggering in the CDS is EUR-negative?
  • #602,320
  • Mar 1, 2012 6:51am Mar 1, 2012 6:51am
its bear on the move...trends move to south...its shooting dwn..quote=sirqaz;5434186]Any one still thinking about going long? Eurusd is in a downtrend and will continue to fall down this week will se what will do next week but this week (today and tommorow) only sell sell sell[/quote]
follow the flow of music $
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