EURUSD | Page 34200 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #683,981
  • Aug 24, 2012 6:21am Aug 24, 2012 6:21am
no reaction ?

Quote
German Chancellor Merkel says deeply convinced that Greek PM Samaras' government is doing everything to solve Greece's problems


looks this news in play
Quote
ECB said to await German ESM ruling before finalising bond plan
Mohan
  • #683,982
  • Aug 24, 2012 6:22am Aug 24, 2012 6:22am
Quoting Tripeiro
good view. I have the same oppinion
hee broo..nice to have userīs from the same town sharing forex! abrazon
  • #683,983
  • Aug 24, 2012 6:23am Aug 24, 2012 6:23am
Quoting mohan76
no reaction ?
nothing new from her..
Patience, Emotion Control and Discipline.
  • #683,984
  • Aug 24, 2012 6:24am Aug 24, 2012 6:24am
"Overbought" and "oversold" absolutely have meaning in this market. It's just not an exact science, it's a game of probability. Even with a 90% likelihood of retracement, the price might continue in one direction.

That said, the probability of today closing LOWER is blatantly greater than the probability of further movement up.
  • #683,985
  • Aug 24, 2012 6:26am Aug 24, 2012 6:26am
http://www.forexfactory.com/showthre...89#post5954589

We are closer of TP2 (sell Position), i move MY SL to MY Enter value (1,2548). I Put a Buy LImit @ 1,2490 wit SL @1,2475 and now i gonna take a hours to relax
Create confidence... because confidence is capital
  • #683,986
  • Aug 24, 2012 6:26am Aug 24, 2012 6:26am
Quoting KillerWhale
Then how are you gonna stop bleeding?
waiting for bear to get tried
Mohan
  • #683,987
  • Edited 6:43am Aug 24, 2012 6:30am | Edited 6:43am
Quoting xandi
ALERT ALERT
Quote: 4.46pm yesterday
MAN ON WATTER...
prepare to huge fall down, maximum will be 1.2620, if it will reach that high, which was previous strong support in January 15th...
Start to shortany time you want close these actual values.

Quote 19 hours ago:
Prepare your shorts, the sun is burning, and the water is cool!!!!

at 19 hours ago...you can call it, a good call...

PS: Now, teh price will reach as called yesterday, at first 1.2490, maybe push up to 1.2590 again, and after 1.2440...depending on sequence of mooves, will determine the direction for next week, wich I believe is going to be down...

The real pivot points are 1.2600=1//1.2490=2//1.2440=3...
The sequences can be:
1>2>1>3>2>3 --> break and downn to 1.18
1>2>3> down to 1.18
1>2>1--> break and up to 1.2860..not probably because of the spoken STRONG resistance at 1.2620, as you can see on chart...
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 288 KB
  • #683,988
  • Aug 24, 2012 6:30am Aug 24, 2012 6:30am
Stupid bearish move giving the space to weaken the weekly bear strength.
With this move, next week if it can't break 2400... bull will get time to kiss the bear so easily.
This is pathetic... EU moving the market on their willing. Either it's rumor or lie... doesn't matter.
You cannot learn better without losing
  • #683,989
  • Aug 24, 2012 6:31am Aug 24, 2012 6:31am
Get past this pesky support and 1.2490 will be in sight. But it's the end of the week, and I'm looking for 1.2465 by noon.
  • #683,990
  • Aug 24, 2012 6:32am Aug 24, 2012 6:32am
My eye is still on 1.245x zone

EU, Cable and Crude shorts all playing well Dax is in line as well
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a1.png Size: 17 KB
Click to Enlarge Name: a2.png Size: 21 KB
Click to Enlarge Name: a3.png Size: 13 KB
  • #683,991
  • Aug 24, 2012 6:33am Aug 24, 2012 6:33am
Quoting kibescorp
"Overbought" and "oversold" absolutely have meaning in this market. It's just not an exact science, it's a game of probability. Even with a 90% likelihood of retracement, the price might continue in one direction.

That said, the probability of today closing LOWER is blatantly greater than the probability of further movement up.
Exactly

Heres how I see it. When the daily is in the red, why fight the trend? For the range to get put in we need to at least go down about 50 pips probably more.

Daily range today is now 60 pips, so we could just range here for a while, or go to 2490 or 2430/40. I dont think we will go down much more but the daily range is small still, so we easily could. Odds are much more likely for daily range to be 100 pips than 50 pips.

Is E/U going up to 1.26 after dropping to 1.25 to put in that 100 pips? Probably not. So its probably going sub 1.25 or the daily range will be very small (50 pips currently at 1.2505)
Be hopeful in a winning position, and fearful in a losing position.
  • #683,992
  • Aug 24, 2012 6:37am Aug 24, 2012 6:37am
We've been in an uptrend for a month now. 300 pips up followed by 200 pips correction. That's been the pattern.

The correction is right now. 1.2465 by the end of the trading day. 1.2400 sometime next week. At that point, possibly uptrend will resume.
  • #683,993
  • Aug 24, 2012 6:37am Aug 24, 2012 6:37am
Quoting mohan76
waiting for bear to get tried
With current momentum, not so sure if bears will get tired before NY market open on Monday.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #683,994
  • Aug 24, 2012 6:40am Aug 24, 2012 6:40am
Quoting xandi
at 19 hours ago...you can call it, a good call...

PS: Now, teh price will reach as called yesterday, at first 1.2490, maybe push up to 1.2590 again, and after 1.2440...depending on sequence of mooves, will determine the direction for next week, wich I believe is going to be down...good luck
nice one . but i think is down, because when a fat bear comes its a bear game, it was a bull game when the fat bull came from 1.2355.
  • #683,995
  • Aug 24, 2012 6:41am Aug 24, 2012 6:41am
Quoting KillerWhale
With current momentum, not so sure if bears will get tired before NY market open on Monday.
good time for any bulish news or rumor
if pa not offer entry i am happy to go bed early

2500 showed weakness
Mohan
  • #683,996
  • Aug 24, 2012 6:42am Aug 24, 2012 6:42am
Quoting Dayboy001
Morning Everyone !!

Back after two weeks holiday, I see the market has moved !!

Long @

EUR = 1.2519
GBP = 1.5840

G/L

Are you still holding?
  • #683,997
  • Aug 24, 2012 6:44am Aug 24, 2012 6:44am
Quoting Rag2RichesFX
Exactly

Heres how I see it. When the daily is in the red, why fight the trend? For the range to get put in we need to at least go down about 50 pips probably more.

Daily range today is now 60 pips, so we could just range here for a while, or go to 2490 or 2430/40. I dont think we will go down much more but the daily range is small still, so we easily could. Odds are much more likely for daily range to be 100 pips than 50 pips.

[b]Is E/U going up to 1.26 after dropping to 1.25 to put in that 100 pips? Probably not. So its probably going sub 1.25...
It a bit depends on which order things get broken (levels) on correlative pairs.
They think they are smarter than I am.
  • #683,998
  • Aug 24, 2012 6:47am Aug 24, 2012 6:47am
Quoting kibescorp
"Overbought" and "oversold" absolutely have meaning in this market. It's just not an exact science, it's a game of probability. Even with a 90% likelihood of retracement, the price might continue in one direction.

That said, the probability of today closing LOWER is blatantly greater than the probability of further movement up.
i only believed in overbought and oversold on minimum daily and hour4, other than that is price movements, i don't trust smaller tf's oscillators, even if they retrace are just coincidence of the level of bids/offers they called support/resistance where the bounce happens.
  • #683,999
  • Aug 24, 2012 6:52am Aug 24, 2012 6:52am
The way I see it ...

• Long-term trend is currently down

• Price has been uptrending (albeit at a low-degree angle) for the past four weeks (a correction to the long-term downtrend).

• About 24 hours ago the downtrend (correction to the current uptrend) began and should continue into next week.

• Past London close (noon) today, however, the price may retrace up a bit for the last few hours (correction to the new downtrend).

Success in trading (and everything else in life) depends on being able to see both the bigger picture AND the intricate details at all times.

You have to be able to see the forest for the trees AND the trees for the forest. Insight for foresight.

The market is going to follow a set path just as a person's DNA determines their entire life.

... Of course this doesn't take into account surprise fundamental developments ... which is why there is an element of chaos and unpredictability.

I guess in that metaphor ... it would be like having your arm sliced off one day. You can't predict that using genetics ahead of time.
  • #684,000
  • Aug 24, 2012 6:55am Aug 24, 2012 6:55am
Quoting duyk20
Where's Mercy_seat? Is the boy still selling after some 400 pips drawdown...?
I'll give you his address if you pay me...

He's my good friend.
Don't just beat the markets, leave bruises.
400 traders viewing now