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EURUSD

  • #655,501
  • Jun 12, 2012 4:33am Jun 12, 2012 4:33am
Quoting Esssex
Well, fundamentals were all pointing down til something came along and messed the dollar up.
The dollar is at a major supply area, check it on the weekly chart...

D
  • #655,502
  • Jun 12, 2012 4:34am Jun 12, 2012 4:34am
Quoting fxkiller
break of 2520 this time?
Thats a tough cookie nothing is certain! We will test it soon tho.
  • #655,503
  • Jun 12, 2012 4:35am Jun 12, 2012 4:35am
Quoting sukkim
Support uptrend line on 4hr chart.
maybe but in my opinion max 1.2565 and reverse
More on my Blog...
  • #655,504
  • Jun 12, 2012 4:36am Jun 12, 2012 4:36am
Quoting Dane
The dollar is at a major supply area, check it on the weekly chart...

D
Don't understand this part. Mind explaining? I don't know about supply/demand areas.
  • #655,505
  • Jun 12, 2012 4:36am Jun 12, 2012 4:36am
Quoting Crassius
You either have a very long time horizon or you have been hitting the moonshine a little too hard
I think he is on the moon already
  • #655,506
  • Jun 12, 2012 4:37am Jun 12, 2012 4:37am
Quoting Esssex
Don't understand this part. Mind explaining? I don't know about supply/demand areas.
supply is 81.60 demand is 83.00 and above
  • #655,507
  • Jun 12, 2012 4:37am Jun 12, 2012 4:37am
Quoting kbmoonshinex
i am 99 % sure

damn if only you had been certain I would have joined you
  • #655,508
  • Jun 12, 2012 4:38am Jun 12, 2012 4:38am
Quoting MaxDoom
damn if only you had been certain I would have joined you
no way you are not joining the bull train
  • #655,509
  • Jun 12, 2012 4:39am Jun 12, 2012 4:39am
I'm pretty sure that bulls will be weak during this new downfall. I took new sells already @ 1.251 - first target 1.238.
  • #655,510
  • Jun 12, 2012 4:39am Jun 12, 2012 4:39am
The 1.2435-50 has been a death trap from thursday last week, if that area is broken, expect to see more downside towards 1.22XX area.
  • #655,511
  • Jun 12, 2012 4:43am Jun 12, 2012 4:43am
Quoting Nachiket
no way you are not joining the bull train
anyone go with me in bearish train now?
  • #655,512
  • Jun 12, 2012 4:43am Jun 12, 2012 4:43am
Quoting sycho
Good Luck with your Long Bro..Hope you dont get you finger burnt..this lady looks toasted for the down move..another hrly close below 1.2512area and she could start firing south...cheers
I am thinking now, may be will exit early to move down, looking 15min chart.
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #655,513
  • Jun 12, 2012 4:44am Jun 12, 2012 4:44am
Yesterday was very good for trading, Easy rise and fall at resistance. EURUSD is pretty much where it was on friday, I reckon the next major move will come after the greek elections so for the meantime I will be trading non-EUR pairs, primarily GBP.

GBPJPY is the perfect candidate for scalping and GBPNZD has ridiculous ATR1.

High yield (top left) is recovering and only down 0.73%

EUR-US equity spread rretty flat (bottom left)

Risk off basket (top right) nearly given up its gain from yesterday, still up 0.29%

Risk on (bottom right) - recovering slightly -0.52%

Either way the upcoming few months should calm down the volatility especially as its over the summer.

Hey also check out this, its about a long term portfolio and how to trade for wealth management - http://tinyurl.com/cf7jvvr

Thanks as always
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  • #655,514
  • Jun 12, 2012 4:44am Jun 12, 2012 4:44am
right now the only chart that makes any sense is the H1 that is showing a retracement of the price to the 50-EMA (getting close to 1.252x area).

the M5 chart is consolidating in this area in order to prepare for a down move.

Also, the 50-EMA on the hourly chart is preparing to cross below the 200-EMA which is usually a big sign of a downward movement.

pending short @ 1.2521
SL @ 1.2536
TP @ 1.2481 (open for adjustments)
Daily Target: 20 pips
  • #655,515
  • Jun 12, 2012 4:44am Jun 12, 2012 4:44am
stocks looking ugly

maybe thats a bit harsh..... lost its steam though
  • #655,516
  • Jun 12, 2012 4:45am Jun 12, 2012 4:45am
entry:99.42
  • #655,517
  • Jun 12, 2012 4:48am Jun 12, 2012 4:48am
Tested 1.2500, look seems going higher to 1.2540
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #655,518
  • Jun 12, 2012 4:49am Jun 12, 2012 4:49am
Simple Market Analysis...
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  • #655,519
  • Jun 12, 2012 4:49am Jun 12, 2012 4:49am
Quoting kbmoonshinex
short usd/cad. short usd/chf .. long eur/usd. looking 200 pips tp
same like mine.... hope success... but my eurusd looking for 160pips
  • #655,520
  • Jun 12, 2012 4:50am Jun 12, 2012 4:50am
Quoting Nachiket
entry:99.42

ok i am out at 52. just took 10 pips. want to see a clean break of 1.2520
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