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EURUSD

  • #647,241
  • May 24, 2012 9:57am May 24, 2012 9:57am
Quoting Kowalczyk
Its not likely to reach 1.2620 again, for now. It was an area of heavy resistance and was already tested. There are way too many sellers and the buyers know this. It will only be tested again when the momentum changes in favor of the EUR again. That will probably be in a couple of days when their will be a retracement of this move on the daily.
Yea, I mean if it test that area again, it would be a perfect set up.
Read the entire market, money is made on the main trend not the fluctuation
  • #647,242
  • May 24, 2012 10:05am May 24, 2012 10:05am
on the other hand, I believe it is going to drop againas they are more sellers than buyers.
  • #647,243
  • May 24, 2012 10:06am May 24, 2012 10:06am
Quoting Kofmaster
Hi everyone, I'm new here.

I see that 1.2620 is a good place to short again. They will mark it up to test that area again because it is a high volume area. I see this as a retracement.

Btw, did anyone here trade with volumes ? I hope there is someone to share with me together using VSA

I noticed very high volumes on Dow, gold, oil.....and euro.....There was a mention on forexlive that yesterday was the highest turnover in euro in 2012. What is your take?
  • #647,244
  • May 24, 2012 10:07am May 24, 2012 10:07am
The market needs a little breath.I bought because tomorrow will be Friday and there will be some profit-takings, and a lot of crosses reached important supports. Maybe there will be some good news to reach my targets. I am speculating to 1.2700.
"Study the past if you would define the future." Confucius
  • #647,245
  • May 24, 2012 10:10am May 24, 2012 10:10am
Quoting Kowalczyk
Its not likely to reach 1.2620 again, for now. It was an area of heavy resistance and was already tested. There are way too many sellers and the buyers know this. It will only be tested again when the momentum changes in favor of the EUR again. That will probably be in a couple of days when their will be a retracement of this move on the daily.
I'm still a noob, but I think it gets above 1.2620.
  • #647,246
  • May 24, 2012 10:12am May 24, 2012 10:12am
Wow...


There are bids in FX just around block at 85 and then fixed income is not dropping in favour for euro and stocks are a bit choppy in tight range not seeing any dramatic rise yet at least.

Now, if some bearish news explode.....buyers are getting wasted, hope not.
London close soon.
They think they are smarter than I am.
  • #647,247
  • May 24, 2012 10:12am May 24, 2012 10:12am
Quoting GTRudeBoy84
I'm still a noob, but I think it gets above 1.2620.
Maybe, but it will need a lot of buyers. Odds are if we have enough buyers to take 1.2620, we will have a large retrace up to 1.28xx/1.29xx.
  • #647,248
  • May 24, 2012 10:13am May 24, 2012 10:13am
add add add
  • #647,249
  • May 24, 2012 10:18am May 24, 2012 10:18am
Quoting Kowalczyk
Maybe, but it will need a lot of buyers. Odds are if we have enough buyers to take 1.2620, we will have a large retrace up to 1.28xx/1.29xx.
Yes
LONG
  • #647,250
  • May 24, 2012 10:19am May 24, 2012 10:19am
If bear leaves the battle it can't return here in this year.
Monthly chart says enough for bear. 29xx cannot stop bull.
You cannot learn better without losing
  • #647,251
  • May 24, 2012 10:21am May 24, 2012 10:21am
It would be completely normal for EURUSD to go back up and retest the break of the January low... maybe even pop some stops up there and fuel a little short squeeze... 1.2625ish

I trade a longer time frame that n almost everyone here,..... my next sell orders to add are at 1.2668.... we may not get there any time soon, but if we do... its just an opportunity to load up some more shorts.
  • #647,252
  • May 24, 2012 10:22am May 24, 2012 10:22am
Denmark cuts rates...

+ve for euro... 2620 could be taken out now
  • #647,253
  • May 24, 2012 10:26am May 24, 2012 10:26am
Quoting fatpanda
add add add
  • #647,254
  • May 24, 2012 10:26am May 24, 2012 10:26am
Quoting marbellafx
Yes
LONG
I'm not long and I'm not short. I am out for now.
  • #647,255
  • May 24, 2012 10:26am May 24, 2012 10:26am
still waiting for trigger line to broke
be patient
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  • #647,256
  • May 24, 2012 10:33am May 24, 2012 10:33am
Need 1.2597 om 15 min and NORTH
  • #647,257
  • May 24, 2012 10:40am May 24, 2012 10:40am
Quoting forexings
If bear leaves the battle it can't return here in this year.
Monthly chart says enough for bear. 29xx cannot stop bull.
it would be easier for IRAN to posses a nuclear weapon than for a bullish run on e/u..with all the european turmoil..CHEERS
Imanuel Parsifal
  • #647,258
  • May 24, 2012 10:49am May 24, 2012 10:49am
There is a good change that we go lower since 1.2578 was broken.
  • #647,259
  • May 24, 2012 10:50am May 24, 2012 10:50am
This is what i call bullish frustration..if you dared go bullish..you would spend a greater part of next week in a heart hospital for high blood pressure or heart attack..cheers
Imanuel Parsifal
  • #647,260
  • May 24, 2012 10:51am May 24, 2012 10:51am
Quoting Kowalczyk
There is a good change that we go lower because 1.2678 was broken.
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