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EURUSD

  • #671,361
  • Jul 24, 2012 12:53pm Jul 24, 2012 12:53pm
After riding from 1.2140 to 1.2080 this morning, reloaded at 1.2093 to 1.2050. This pair has been easy to short for the past few weeks, yet we are still in for a rough dive. However, I have been getting more and more cautious with my plays.

Fundamentally and technically, this pair is in the gutter. HOWEVER, the market goes where the big players and algorythims want it to go. I also worry about the Swiss wanting to prop up their Euro assets. I will continue to short until the daily points up. Even when it does, it may be shaky.
  • #671,362
  • Jul 24, 2012 1:23pm Jul 24, 2012 1:23pm
Quoting mahimahi

FXstreet.com (Córdoba) - The euro weakened further and stretched to a fresh low during the New York session as Spanish and Italian yields rose to new highs, while stock indexes closed at multi-year lows in Europe. Spain's Ibex 35 closed at its lowest in 9 years, while the Italy's FTSE MIB recorded its lowest euro-era close.

News that Greece is seen missing Troika's targets and might need to restructures its debt yet again, triggered another round of selling in the shared currency.

EUR/USD broke below the 1.2080/75 area that had been containing the downside and hit a marginal new 2-year low at 1.2058 in recent dealings. At time of writing, the pair is quoting at the 1.2065 zone, recording a 0.4% loss on the day.

If the euro breaks below the 1.2060 zone, next supports could be found at 1.2040 and the 1.2000 psychological level. In case of bounces, the 1.2115 area should offer immediate resistance, followed by 1.2145 and 1.2180.

Read more: http://community.nasdaq.com/News/201...#ixzz21Z824rrR
Daytrader
  • #671,363
  • Jul 24, 2012 1:30pm Jul 24, 2012 1:30pm
Quoting mahimahi
FXstreet.com (Córdoba) - The euro weakened further and stretched to a fresh low during the New York session as Spanish and Italian yields rose to new highs, while stock indexes closed at multi-year lows in Europe. Spain's Ibex 35 closed at its lowest in 9 years, while the Italy's FTSE MIB recorded its lowest euro-era close.

News that Greece is seen missing Troika's targets and might need to restructures its debt yet again, triggered another round of selling in the shared currency.

EUR/USD broke below the 1.2080/75 area that had been containing...
..and charts!
eurusd..eurjpy still holding out!
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 48 KB
Daytrader
  • #671,364
  • Jul 24, 2012 1:34pm Jul 24, 2012 1:34pm
Quoting chess king
I will buy in 2140 ... STL tp 2050 and 3000 TP...
-90
  • #671,365
  • Jul 24, 2012 1:48pm Jul 24, 2012 1:48pm
the guys who were longing during the asian session last night are running down the street withy our shirts all off LOL
KEEP IT SIMPLE PIPPING
  • #671,366
  • Jul 24, 2012 1:49pm Jul 24, 2012 1:49pm
Lot of consolidation on the 15 min
KEEP IT SIMPLE PIPPING
  • #671,367
  • Jul 24, 2012 1:54pm Jul 24, 2012 1:54pm
in my opinion ollllllllllllllllllllllollllll
  • #671,368
  • Jul 24, 2012 1:55pm Jul 24, 2012 1:55pm
Quoting jvh2811
Lot of consolidation on the 15 min
no confusion on the monthly chart
Alternatives are more important than the plan itself
  • #671,369
  • Jul 24, 2012 1:59pm Jul 24, 2012 1:59pm
hourly is starting to show signs of bullishess and a 4 hour doji hear and bears should start seriously thinking about covering IMHO
  • #671,370
  • Jul 24, 2012 2:00pm Jul 24, 2012 2:00pm
here**
  • #671,371
  • Jul 24, 2012 2:02pm Jul 24, 2012 2:02pm
Quoting chess king
-90
I know you feel sick in the stomach. Hope is .10/pip
KEEP IT SIMPLE PIPPING
  • #671,372
  • Jul 24, 2012 2:04pm Jul 24, 2012 2:04pm
Quoting jvh2811
the guys who were longing during the asian session last night are running down the street withy our shirts all off LOL
Yes but not many did that ... not many I think ...

So no reason to mention and be worried about ...

Moreover less members than you think are trading for real here ...

###

All the rest pretends as if ... it is just pure lip-service ... not that much behind ...

And even then most of them telling only afterwards stories ...

Could not resist ... did take a short yesterday ... went short last week ...

But not many really did say just in time that when prices were up ... there are only a few who do ...

###

Trading has much more aspects as prices and news and strategy only ...

It is about patience, strength and mental health too ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #671,373
  • Jul 24, 2012 2:07pm Jul 24, 2012 2:07pm
Quoting acacia357
in my opinion ollllllllllllllllllllllollllll
Which way
  • #671,374
  • Jul 24, 2012 2:26pm Jul 24, 2012 2:26pm
Quoting godim
To begin with aud/usd.
R 1.0295 1.0364
S 1.0241 1.0236 1.0205

Today, with the bonus chart.

Attachment
The goal here is support of 1.0205, right?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #671,375
  • Jul 24, 2012 2:45pm Jul 24, 2012 2:45pm
Don't we have any Aussie Threads ?
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #671,376
  • Edited 3:12pm Jul 24, 2012 3:00pm | Edited 3:12pm
Quoting Compulsive
http://www.youtube.com/watch?v=dyNekAJ6rA8
I do no believe in signs but this video presents some fundamentals that depicts an extremely unfavourable view of Europe as it truly is. No real reforms, time buying by politicians, huge debts and extremely incompetitive conditions in labor market compared to rest of the world. The only thing I missed in this analysis is europrotectionism measures aplied to imported goods to make them less competitive on europes markets.

So in my opinion Euro shall go furher south which is given by is weak fundamentals and no big deal solving debt crisis which persists.
  • #671,377
  • Jul 24, 2012 3:05pm Jul 24, 2012 3:05pm
Gidday Traders

Closed my short thinking it will retrace some
Whats happens it turns around
The story off my life is entering in all the wrong places.
Never mind will have to wait for more up,before going short again
  • #671,378
  • Jul 24, 2012 3:06pm Jul 24, 2012 3:06pm
Quoting t13ru
I do no believe in signs but this video presents some fundamentals that depicts an extremely unfavourable view of Europe as it truly is. No real reforms, time buying by politicians, huge debts and extremely incompetitive conditions in labor market compared to rest of the world. The only thing I missed in this analysis is europrotectionism measures aplied to imported goods to make them less competitive on europes markets.
The conditions in US are not far better. The only advantage over EU is that politics/budget/fiscal policy are fully integrated. Apart from that the debt level is as bad as the whole EU, and costs not much better.
Jobless levels remain high too.
Best problem to this : China. They produce cheap with a undervalue currency but dont consume anything. Chinese dont buy much things and save a lot coz they have not trust in their gov and no retirement money.
So it doesnt help much our countries to export things too...
  • #671,379
  • Jul 24, 2012 3:07pm Jul 24, 2012 3:07pm
changing my stance from bear to bull for the next 2 months from NZ opening. SL 200 pips TP 799 pips Range 1.2050-1.2849.

Daily scalps bull/bears as per normal.
  • #671,380
  • Jul 24, 2012 3:09pm Jul 24, 2012 3:09pm
Quoting scalperdebes
changing my stance from bear to bull for the next 2 months from NZ opening. SL 200 pips TP 799 pips Range 1.2050-1.2849.

Daily scalps bull/bears as per normal.
ok...who next?
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