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EURUSD

  • #643,861
  • May 16, 2012 9:18am May 16, 2012 9:18am
Quoting mv6
buy e/u 2745 sl 2720 tp 2770
this is for real ???
  • #643,862
  • May 16, 2012 9:18am May 16, 2012 9:18am
Quoting mv6
buy e/u 2745 sl 2720 tp 2770
bad decision imo.. risky bet
  • #643,863
  • May 16, 2012 9:22am May 16, 2012 9:22am
Quoting mv6
buy e/u 2745 sl 2720 tp 2770
too much risk for me.
  • #643,864
  • May 16, 2012 9:23am May 16, 2012 9:23am
Been long from 1.27221, Pending news H1 and H4 still look strong to me. But I'm an amateur.
Why go long...When you can go short!
  • #643,865
  • May 16, 2012 9:25am May 16, 2012 9:25am
Quoting SnaveForex
bad decision imo.. risky bet
I think if we truly want to teach as others have proclaimed to do on this board we should explain statements like this.

I for one agree with Snave, but here is why:

1) Entry is in the middle of range 1.2735-1.2755
2) Target is above notable resistance at 1.2756
3) Stop is at swing low/support at 1.2720

Therefore, if I wanted to trade this area, I would have preferred to place my target near resistance at 1.2756 and a stop below support at, say, 1.2710. As a result, I would have been looking for long in the 1.2730 area, roughly.

Or, I could take the 1.2745 entry, but have a target at support 1.2756 and stop at 1.2733. Still a 1:1 trade, but far more logical TP/SL values.

But this is just me rambling and thinking out loud...good luck on that trade and all others! Green pips for all!

BroncoCap
  • #643,866
  • May 16, 2012 9:26am May 16, 2012 9:26am
Quoting mv6
buy e/u 2745 sl 2720 tp 2770
i would rather be looking to sell somewhere at your tp with a good rr
  • #643,867
  • May 16, 2012 9:29am May 16, 2012 9:29am
source: Nomura

"In relation to the euro, the risk premium is the dominant variable at this juncture, and we could well continue to trade lower as a result vs USD and JPY (other crosses area different story). We had been targeting a move to the 1.26-1.28 range when we initiated fresh EURUSD shorts a few weeks back, and we have reached that trading target now. But given the potential for further crisis escalation, including the fall-out from a potential bank holiday, we are holding on to shorts. We are looking to manage our EURUSD position with a trailing stop, rather than taking profits at the target level." Jens Nordvig, managing director of currency research at Nomura Holdings Inc.
Dont Giveup If You Lose.. Try To Learn From Your Fault. U will Sucess!!
  • #643,868
  • May 16, 2012 9:29am May 16, 2012 9:29am
Quoting Nazzcus
Been long from 1.27221, Pending news H1 and H4 still look strong to me. But I'm an amateur.
it has been a choppy move up resistances above what makes you think you will survive this long
  • #643,869
  • May 16, 2012 9:31am May 16, 2012 9:31am
Does anyone have a fundamental argument for long? I understand market maker stop hunting/short squeeze etc., but is there anything more than that? Thnx.
  • #643,870
  • May 16, 2012 9:33am May 16, 2012 9:33am
Got a long t/p at 1.2770. Will retrace back after to about 1.2700.
  • #643,871
  • May 16, 2012 9:34am May 16, 2012 9:34am
there is never an argument for long EU.. just look for nice places to sell

Quoting ERedRick
Does anyone have a fundamental argument for long? I understand market maker stop hunting/short squeeze etc., but is there anything more than that? Thnx.
failure is not an option.
  • #643,872
  • May 16, 2012 9:35am May 16, 2012 9:35am
It is hard to break 1.2755 but let's see after the news at 2pm it may push it to 1.2770, or go down it depends on the news.
  • #643,873
  • May 16, 2012 9:36am May 16, 2012 9:36am
Quote
it has been a choppy move up resistances above what makes you think you will survive this long

23 pips positive, not holding for long term. I'm watching close for exit now around 27400 if it dips. I bought on bounce from yesterdays low.
Why go long...When you can go short!
  • #643,874
  • May 16, 2012 9:37am May 16, 2012 9:37am
i have a feeling this will shoot back up to 1.28
I have past history of statements to justify what i say.
  • #643,875
  • May 16, 2012 9:38am May 16, 2012 9:38am
hi everybody...
I think we're not finished yet with free falling.
It will be very important to see how today's DAILY BAR CLOSE looks like.
If we close the daily bar below today's open I will see more bears tomorrow morning.
I don't have much time for trading this week, but here's my quick 1H chart review on EU for next 4 sessions...
Definitely I will look for BUY near 1.26300 range.
Remember, any news can change the sentiment in a minute...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 24 KB
Read Charts - Not Papers
  • #643,876
  • May 16, 2012 9:38am May 16, 2012 9:38am
Quoting eu_trader
i have a feeling this will shoot back up to 1.28
It will have to be a very strong news to push it that high which I think in this case it will not happen but who knows.
  • #643,877
  • May 16, 2012 9:39am May 16, 2012 9:39am
Quoting eu_trader
i have a feeling this will shoot back up to 1.28
on what basis? good eco news about u.s and very bad uncertantty about greece? eur/usd 1,2750 is at todays highs
  • #643,878
  • May 16, 2012 9:44am May 16, 2012 9:44am
what about merkel? she speaks ot not?
'You must be the change you wish to see in the world' . Gandhi
  • #643,879
  • May 16, 2012 9:47am May 16, 2012 9:47am
Quoting Z3iz3i
Watch out for short squeeze.

Closes above 42 will make pair consolidate for a bounce.

Daily 50% at 1.2719. Price fight levels at 32/42/52 and 1.2780/90.
O----k, i am out. Pair is already F***** up.

Move may come later near US market close.

Later folks.
They think they are smarter than I am.
  • #643,880
  • May 16, 2012 9:49am May 16, 2012 9:49am
Hello guys!
Just wondering, what are the instruments do you use to analyze EUR/USD. I will be appreciated any yours feedback! Thanks to all!
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