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EURUSD

  • #623,721
  • Apr 11, 2012 9:34am Apr 11, 2012 9:34am
Facing Reality
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Curtis
  • #623,722
  • Apr 11, 2012 9:38am Apr 11, 2012 9:38am
Quoting TraderBoyFF

I've been long since 1.3103.

If 1.3030 isn't broken today, i think it will come back and you don't have to worry.

My TP target is 1.3143

i think it could even go all the way to 1.3200, as long as 1.3030 holds.
Good morning folks,

Just as expected yesterday,

TP target has been reached.

Learn to see what's there, not what you want to see.
  • #623,723
  • Apr 11, 2012 9:40am Apr 11, 2012 9:40am
If at first you don't succede try again. Hope to see some sharp selloff to take the risk out of the market. Probably when it crosses the last low.
Attached Image (click to enlarge)
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  • #623,724
  • Apr 11, 2012 9:40am Apr 11, 2012 9:40am
Quoting TraderBoyFF
Good morning folks,

Just as expected yesterday,

TP target has been reached.

What do you want us to write on your medal?
The Thief of Wall Street
  • #623,725
  • Apr 11, 2012 9:41am Apr 11, 2012 9:41am
Quoting gsbotes
starting to form a accending triangle on 15m , drop soon?
I think so. We all said yesterday 1.3130 - 1.3150 would be the high. Its roughly ~ the 200EMA/SMA on the 1-4 hour charts, I seriously doubt why anyone would want or need to bid it through right before the European close.
  • #623,726
  • Apr 11, 2012 9:42am Apr 11, 2012 9:42am
Quoting Chicky
What do you want us to write on your medal?
Write this on my medal:

"Even TraderBoyFF can be right sometimes."

Learn to see what's there, not what you want to see.
  • #623,727
  • Apr 11, 2012 9:45am Apr 11, 2012 9:45am
On a more serious note:

It looks like there's some major indecision going on because of the repeated rejected attempts to the down side yesterday and the recent resistance of 1.3150.

However, if you look at it from this perspective, what was the whole purpose of the battle @ 1.3000 yesterday if it won't go up until at least 1.3200?

Maybe some more consolidation is in order again.
Learn to see what's there, not what you want to see.
  • #623,728
  • Apr 11, 2012 9:51am Apr 11, 2012 9:51am
Look on tf15 does that count as a double top?
  • #623,729
  • Apr 11, 2012 9:53am Apr 11, 2012 9:53am
Hey everyone. I dropped out of trading for a bit, but got back into it in the last 3 weeks. Woke up to a nice +50pip profit this morning
The dreamers are the saviors of the world.
  • #623,730
  • Apr 11, 2012 9:53am Apr 11, 2012 9:53am
Quoting Patternz
Look on tf15 does that count as a double top?
in my opinion it is a double top, but the prognostic value for this formation isnt very strong,

btw
looking for tp (from 3151), 3098 i guess
Create a plan, test it, stick it, whatever is hapenning.
  • #623,731
  • Apr 11, 2012 9:59am Apr 11, 2012 9:59am

EURUSD (1.3070) • Strong German trade data (with exports increasing 1.6%m/m and an upward revision to the January data) has done little to support EUR. The currency is entering the NA having lost 0.3%, but still trading within yesterday’s range. Shifts in the European bond market, which suggest that contagion fears are once again the main driver, are a concern. The combination of the failure to meet fiscal targets and lower growth than expected is a dangerous one. Most European 10‐year yields are still below their November 2011 levels, but the pace of the shift higher is concerning (see top chart on page 1). This combined with German yields that are flirting with new lows is a clear reflection of rising market fears. For EUR this is a negative development, increasing the risk of a break below support at 1.30. We hold a year‐end forecast of1.25, expecting the currency to trend slowly lower.

  • #623,732
  • Apr 11, 2012 10:01am Apr 11, 2012 10:01am
free trades let them run 2/3 lockt
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  • #623,733
  • Apr 11, 2012 10:07am Apr 11, 2012 10:07am
All targets been hit...


Go next trade
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  • #623,734
  • Apr 11, 2012 10:08am Apr 11, 2012 10:08am
With a little bit of luck we might end as a down pin today making a continuation
of the downtrend more likely.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd27.png Size: 24 KB
  • #623,735
  • Apr 11, 2012 10:11am Apr 11, 2012 10:11am
Quoting Chicky
What do you want us to write on your medal?
  • #623,736
  • Apr 11, 2012 10:11am Apr 11, 2012 10:11am
I'm long at 1.3120; sl 1.3095 , tp: i'll let it ride, hopefully past 1.3150.

There seems to be some support @1.3172, if that's not breached the direction is up.
  • #623,737
  • Apr 11, 2012 10:17am Apr 11, 2012 10:17am
Quoting TraderBoyFF
Write this on my medal:

"Even TraderBoyFF can be right sometimes."

Even TraderBoyFF can take money sometimes
  • #623,738
  • Apr 11, 2012 10:17am Apr 11, 2012 10:17am
I am long usd/chf 0.9140 .
SL @ BE.
TP manual on hope of a stock collapse
  • #623,739
  • Apr 11, 2012 10:18am Apr 11, 2012 10:18am
Quoting TraderBoyFF
On a more serious note:

It looks like there's some major indecision going on because of the repeated rejected attempts to the down side yesterday and the recent resistance of 1.3150.

However, if you look at it from this perspective, what was the whole purpose of the battle @ 1.3000 yesterday if it won't go up until at least 1.3200?

Maybe some more consolidation is in order again.
There was some previous resistance closer to 1.3000, so it's curious we haven't made it there, but this is just a period of consolidation. I'm not sure it needs to get to 1.32. It's a pretty well defined range. The only question is whether it will break higher or lower. For now, trading that range is fine. IMO, we eventually go lower.
  • #623,740
  • Apr 11, 2012 10:25am Apr 11, 2012 10:25am
It looks likely to go down from here I think there will be a little bounce at around 13095 or there about.
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