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EURUSD

  • #643,441
  • May 15, 2012 10:44am May 15, 2012 10:44am
I just bought the eu. any news that can bring up the eu?
Rome was not built in a day, but I will do in a day if it was me.
  • #643,442
  • May 15, 2012 10:44am May 15, 2012 10:44am
Quoting mkvy
In France etc, when it downgraded that was the dip to the downtrend Chanel line that started 18 months ago, from 1.4950
Forget elegant resistance theory s1 s2 etc,
It's all out the window if a euro country is about to go bankrupt!
  • #643,443
  • May 15, 2012 10:50am May 15, 2012 10:50am
Quoting mkvy
Forget elegant resistance theory s1 s2 etc,
It's all out the window if a euro country is about to go bankrupt!
http://www.forexfactory.com/images/icons/icon14.gif
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #643,444
  • May 15, 2012 10:55am May 15, 2012 10:55am
Quoting forexings
Where the hell bear wants to go with this extreme oversell condition!
It will give good opportunity to buy from deep and bear can't take their stop loss. Crazy dumb will fail then. lol
take a look at monthly when you get a chance. naked chart. it will give you an idea.
  • #643,445
  • May 15, 2012 10:57am May 15, 2012 10:57am
See 2795 now
  • #643,446
  • May 15, 2012 11:00am May 15, 2012 11:00am
After the recent wave down (A-B) today in the European Session market consolidated (typical 3 waves) and market found resistance at the decreasing 20 SMA and the 1.28 round number (Market was also not able to recapture Daily S1). Market made a second wave down (follow through) but found some support at the Weekly S2 and Daily S2. Furthermore, the 61.80 fib extension from the start of the sudden drop in price at A to B projected at C at about 1.2757 also strengthened the support level. We will see how long the support level can hold.

http://forex-chartanalysis.blogspot.de/
Attached Image (click to enlarge)
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  • #643,447
  • May 15, 2012 11:03am May 15, 2012 11:03am
With all due respect, I beg to differ.

Support around 1.28 to 1.266 still holding.

EUR is dirt cheap at this point and thus presents a good risk to reward opportunity with minimal downside risk to the stop loss.

Other majors demonstrating the same behaviour pattern.

I for one, like those odds.

Quoting daemon_delux
After all that everyone here said and done, there are still boomerangs that yell BUY?

Are you retarded, or something?
Attached Image (click to enlarge)
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  • #643,448
  • May 15, 2012 11:04am May 15, 2012 11:04am
Quoting pkimnyc
take a look at monthly when you get a chance. naked chart. it will give you an idea.

Hey PK

Just incase he ain't got one this may help.http://www.forexfactory.com/images/icons/icon12.gif
Attached Image (click to enlarge)
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Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #643,449
  • May 15, 2012 11:05am May 15, 2012 11:05am
Greece quits the union. that will do it.

Quoting Sar
I just bought the eu. any news that can bring up the eu?
  • #643,450
  • May 15, 2012 11:06am May 15, 2012 11:06am
Quoting izzas
stopped out.. well i think i have learned the lesson today, dont trade against the trend just to look for 30-40 pips correction
if you know what you are doing, it's a good money. lol
  • #643,451
  • May 15, 2012 11:08am May 15, 2012 11:08am
Quoting todstars2
With all due respect, I beg to differ.

Support around 1.28 to 1.266 still holding.

EUR is dirt cheap at this point and thus presents a good risk to reward opportunity with minimal downside risk to the stop loss.

Other majors demonstrating the same behaviour pattern.

I for one, like those odds.
Even though im still short this is the "POST OF THE DAY" hes trading HIS plan and noting others opinions but not letting those opinions distracting him from HIS plan
  • #643,452
  • May 15, 2012 11:13am May 15, 2012 11:13am
Quoting Stu Effex
Hey PK

Just incase he ain't got one this may help.http://www.forexfactory.com/images/icons/icon12.gif
thank you. see how price is structuring itself. monthly res rejected. end of story. os means nothing in down trend. only ob is meaningful.
Attached Image (click to enlarge)
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  • #643,453
  • May 15, 2012 11:15am May 15, 2012 11:15am
Just when you thought euro couldn't take a beating anymore:

"DJ France's Hollande's Plane Hit By Lighting On Way To Berlin"

+330 pips
  • #643,454
  • May 15, 2012 11:19am May 15, 2012 11:19am
I went long at 1.2760 with stop at 1.2650 for 1.2970.
300K size.
  • #643,455
  • May 15, 2012 11:20am May 15, 2012 11:20am
Quoting megajester
Even though im still short this is the "POST OF THE DAY" hes trading HIS plan and noting others opinions but not letting those opinions distracting him from HIS plan
Agree 100% and I would add that nobody should use this forum, or any other, to learn how to trade. The ONLY way to learn to trade is put money in a live account and watch, test, hypothesize, journal, rinse and repeat. Nobody here can convey the nuance of trading in a post, the thought process, the visualization of support and resistance, the entry and the exit, it is impossible. Traders should come here to think about new ideas, alternatives, and banter.

Learn the craft, execute a plan, keep your mind open to alternatives, and be flexible. There are as many ways to make green pips as there are gyrations in the market, NONE better than the rest. Money is money, success is success, I hope we all get there sooner than later.

BroncoCap
  • #643,456
  • May 15, 2012 11:22am May 15, 2012 11:22am
Quoting BroncoCap
Agree 100% and I would add that nobody should use this forum, or any other, to learn how to trade. The ONLY way to learn to trade is put money in a live account and watch, test, hypothesize, journal, rinse and repeat. Nobody here can convey the nuance of trading in a post, the thought process, the visualization of support and resistance, the entry and the exit, it is impossible. Traders should come here to think about new ideas, alternatives, and banter.

Learn the craft, execute a plan, keep your mind open to alternatives, and be flexible. There...
Well the posts just get better and better
  • #643,457
  • May 15, 2012 11:23am May 15, 2012 11:23am
Quoting Unknownpips
Just when you thought euro couldn't take a beating anymore:

"DJ France's Hollande's Plane Hit By Lighting On Way To Berlin"

+330 pips
if he didn't survive den eu will rally +330pips...
  • #643,458
  • May 15, 2012 11:29am May 15, 2012 11:29am
well my long earlier wasnt the best entry but i m still in the trade and im underwater i wonder how long i ll be under . well done to all the bears who took the short . sloss 1.2740 target 1.29 . 1.006 on usd/cad is not broken thats fore the bears to think about
  • #643,459
  • May 15, 2012 11:31am May 15, 2012 11:31am
Quoting nawafasad1
well my long earlier wasnt the best entry but i m still in the trade and im underwater i wonder how long i ll be under . well done to all the bears who took the short . sloss 1.2740 target 1.29 . 1.006 on usd/cad is not broken thats fore the bears to think about
We will see how the trade goes....
  • #643,460
  • Edited 11:43am May 15, 2012 11:38am | Edited 11:43am
USD/CAD looks to be a really good short from 1.005 SL @ 1.016

Quoting nawafasad1
well my long earlier wasnt the best entry but i m still in the trade and im underwater i wonder how long i ll be under . well done to all the bears who took the short . sloss 1.2740 target 1.29 . 1.006 on usd/cad is not broken thats fore the bears to think about
Attached Image (click to enlarge)
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