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EURUSD

  • #643,681
  • May 16, 2012 2:47am May 16, 2012 2:47am
Anyone have an idea when or where this downtrend will end ??
  • #643,682
  • May 16, 2012 2:51am May 16, 2012 2:51am
Look at M30, maybe a bottom has been set.
  • #643,683
  • May 16, 2012 2:51am May 16, 2012 2:51am
Quoting GlennFX1
Anyone have an idea when or where this downtrend will end ??
with your account...
  • #643,684
  • May 16, 2012 2:52am May 16, 2012 2:52am
Quoting GlennFX1
Anyone have an idea when or where this downtrend will end ??
Think how bid boys think, u are gonna see 26xx but throw a nice retrace meny to about 286x
  • #643,685
  • May 16, 2012 2:52am May 16, 2012 2:52am
Quoting KiwiTrada
wouldnt hold your breath, gbp in bad mess will need something big to stop bears, surely by now can see indicators oversold bs has been burning bull entries over ove r over again, when /if it does go up although your account is mc or empty, will say "see oversold it is go up" blah blah

If you think her going go up what level is you looking to enter?
At the moment I remain on the sidelines but would be watching around 1.5875 - 1.5890 for possible bounce off 200EMA. I will wait for GBP news releases later today and see how the market reacts...

I assume your expecting a more bearish momentum in the short/medium term Kiwi?
  • #643,686
  • May 16, 2012 2:53am May 16, 2012 2:53am
A pin bar is forming on USDX 1H, 7min to go.
  • #643,687
  • May 16, 2012 2:54am May 16, 2012 2:54am
probably around 0.9749... soory this referring to Audusd..
  • #643,688
  • May 16, 2012 2:54am May 16, 2012 2:54am
Quoting fxkiller
with your account...
LOL Hope not
  • #643,689
  • May 16, 2012 2:57am May 16, 2012 2:57am
Quoting GlennFX1
Hope
hope..

this is the word, which kills rookies accounts!
  • #643,690
  • May 16, 2012 3:04am May 16, 2012 3:04am
Quoting fxkiller
hope..

this is the word, which kills rookies accounts!
+1
  • #643,691
  • May 16, 2012 3:10am May 16, 2012 3:10am
Quoting GlennFX1
Anyone have an idea when or where this downtrend will end ??
No, but Daily, weekly, and monthly charts are all close to oversold. The monthly 200EMA is 100 pips to the south, with the 200SMA another 500 pips @ 12,070, and that level held at the last big touchdown for the euro in June 2010. H4 chart very Bearish though, so whilst we are due for a pullback to the 12,800 level at least, I'm expecting the Bears to be in control until after the Greek elections.
  • #643,692
  • May 16, 2012 3:13am May 16, 2012 3:13am
Quoting cat
oversold.
hopeless case here
  • #643,693
  • May 16, 2012 3:17am May 16, 2012 3:17am
Quoting fxkiller
hopeless case here
Why would u be so aggressive?)) let them blow up their accounts) so we can make some money
  • #643,694
  • May 16, 2012 3:20am May 16, 2012 3:20am
Quoting fxkiller
hopeless case here
ah, but I didn't say that that means it's going up did I. We all know that right now the euro is steaming south. If you trade off a 1 min chart as I do, you can take the counter moves as I do as long as the higher charts support the move, but with an eye firmly on the bigger picture, I make sure not to overstay my welcome before rejoining the trend.
  • #643,695
  • May 16, 2012 3:20am May 16, 2012 3:20am
Quoting SashaP
Why would u be so aggressive?)) let them blow up their accounts) so we can make some money
Yes actually you are right
  • #643,696
  • May 16, 2012 3:26am May 16, 2012 3:26am
Alright boys and girls time for a consolidation, out for a coffee
  • #643,697
  • May 16, 2012 3:27am May 16, 2012 3:27am
if we get past 35 next stop 277
  • #643,698
  • May 16, 2012 3:28am May 16, 2012 3:28am
Quoting kaiza
if we get past 35 next stop 277
careful though news due in 2 minutes on GU since we are in correlation trading today with the EU watch it
  • #643,699
  • May 16, 2012 3:29am May 16, 2012 3:29am
Quoting SashaP
Why would u be so aggressive?)) let them blow up their accounts) so we can make some money
I'd call it more arrogant actually. all I was doing was expressing an opinion in response to a perfectly good question, nothing more. And yet again, what do I see as a reply, someone who is obviously so full of self-adulation, that they cannot tolerate an opinion from someone with less posts than themselves, as if that made them a great trader. Please!
  • #643,700
  • May 16, 2012 3:29am May 16, 2012 3:29am
Quoting Freshpips
At the moment I remain on the sidelines but would be watching around 1.5875 - 1.5890 for possible bounce off 200EMA. I will wait for GBP news releases later today and see how the market reacts...

I assume your expecting a more bearish momentum in the short/medium term Kiwi?

nope trading daily on her, fills 6270 6251, she has breached nice falling wedge, prepared for retest ltl 6008 or even 6038 but 5988ish could be 1st test of bull,
1st target is 5818 - 5861 2nd target 5500ish

Is nice 1hr pin built 4hr building so bulls having a go now,
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