EURUSD | Page 35446 | 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

  • #708,901
  • Oct 17, 2012 2:06pm Oct 17, 2012 2:06pm
Went to bed last night with 3.5 Lots Long on the EUR/USD from 1.3100, and 2 Lots long on the EUR/JPY from 103.24.

Just closed them all this morning about 10 minutes ago. Good gains, but a little bit odd when 3.5 lots on the eur/usd makes less than 2 on the eur/jpy.

------

Anyhow I digress.

I'm now 1 Lot Long on the EUR/USD at 1.3125 and my TP is 1.3200

Wide SL's, and I'm prepared to hold this position medium to long term.
  • #708,902
  • Oct 17, 2012 2:07pm Oct 17, 2012 2:07pm
Quoting marcof91
I have a weekly resistance here (1.3120), if closes above it this week my next weekly resistance is 1.3232.
I see what you mean, it cannot close above 1.3125 for bears, it can go higher near 1.3170, creating upper shadow, but it must close week below 1.3125..
Daily tomorrow it will test 1.3170, and there, it will be critical for those who are short...
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 171 KB
  • #708,903
  • Oct 17, 2012 2:14pm Oct 17, 2012 2:14pm
Quoting xandi
I see what you mean, it cannot close above 1.3125 for bears, it can go higher near 1.3170, creating upper shadow, but it must close week below 1.3125..
Daily tomorrow it will test 1.3170, and there, it will be critical for those who are short...
Love your analysis Xandi. You've quickly become one of my favorite posters here for what it's worth.

I think we're in a huge uptrend...we may see limited pullbacks but without some huge "game changing" fundamental news that is catastrophic...the eur/usd is going Long for the remainder of week at least.

---

I also have my conspiracy theories regarding the Obama election coming up in November. Obamas election campaign needs a healthy economy and the world perceives a healthy eur/usd as a healthy economic indicator.....they will make it happen. After the election? All bets are off.
  • #708,904
  • Oct 17, 2012 2:22pm Oct 17, 2012 2:22pm
Quoting QuantumLimit
Went to bed last night with 3.5 Lots Long on the EUR/USD from 1.3100, and 2 Lots long on the EUR/JPY from 103.24.
Well done. Where is the party going to be to celebrate?
  • #708,905
  • Oct 17, 2012 2:24pm Oct 17, 2012 2:24pm
Quoting QuantumLimit

I also have my conspiracy theories regarding the Obama election coming up in November. Obamas election campaign needs a healthy economy and the world perceives a healthy eur/usd as a healthy economic indicator.....they will make it happen. After the election? All bets are off.
It serve everyone , weaker dollar means more dollars will be transferred from abroad right into the American market and strong Euro represent the end of their debt crisis ... the theory is feasible BTW !
"It's the Margin, Stupid."
  • #708,906
  • Oct 17, 2012 2:24pm Oct 17, 2012 2:24pm
Quoting mercy seat
Evening Survey:

Major position trade bias still bullish (+7) ...

But that has not that much relevance for us anymore ... as a major weekly target area has been reached already ...

Can pop up a little more ... but must not necessarily do that ...

As our weekly projections has been filled preliminary due to that direct rise move ... we still favour a selling mode at first ...

[url="http://www.forexfactory.com/attachment.php?attachmentid=1059852&stc=1&d=1350464938"][color=#22229c]2012-10-17_10h00 - ZigZag + Pivot Survey _ EURUSD...
on Friday and yesterday the euro was within a technical pattern. Yesterday it rose quickly. Now it is trading at the level of 1.3130. It is likely to be a decline in the euro for the next few hours, because it is in front of the weekly resistance level of 1.3134 (W_R2).
If it overcomes this level it may extend to 1.3250 fractal. Therefore, we do not recommend buying. The best is to take bullish positions on the reverse of the pair towards 1.3010 fractal.
  • #708,907
  • Oct 17, 2012 2:27pm Oct 17, 2012 2:27pm
Quoting BennyB
Well done. Where is the party going to be to celebrate?
Thank you.

Sadly no party because it was just enough winnings to recuperate from two ugly eur/jpy shorts that I was caught like a deer in headlights in. I dumped them yesterday.

But if two horrendous losses are made up overnight, I'm good with the risk management of it all, and woke up a happy camper today.
  • #708,908
  • Oct 17, 2012 2:30pm Oct 17, 2012 2:30pm
Quoting Vachus
It serve everyone , weaker dollar means more dollars will be transferred from abroad right into the American market and strong Euro represent the end of their debt crisis ... the theory is feasible BTW !
Thank you. I concur with everything you just said.

I too think it may be closer to "scary reality" than many think.

See right now everyone is focused in the Forex world on news data releases and the "euro/crisis" but very little is being said about a giant "Corporate owned Obama administration backed by Big Money" that happens to need to Win a US election here in a few weeks.

Don't tell me for a second that there aren't all sorts of back room meetings with Big Money saying something like "You Buy EUR/USD and hold it....we'll give you giant tax write offs all year, and other great loopholes for your corporations".

I'm just saying.

Obama Administration (insert corporate entities here) wants to get re-elected.

He's backed by the biggest money in the world, with a really....really scary agenda (in my opinion).

Everyone here has that feeling the market is manipulated.

So let's outsmart them at their own game.

Ride the wave.

Ride it!
  • #708,909
  • Oct 17, 2012 2:33pm Oct 17, 2012 2:33pm
i think ideal and good drop will be from 3177/79 if my count is correct towards 24xx then 1.17xx then below parity
Learning Requires Failure
  • #708,910
  • Oct 17, 2012 2:34pm Oct 17, 2012 2:34pm
Quoting QuantumLimit
Thank you. I concur with everything you just said.

I too think it may be closer to "scary reality" than many think.

See right now everyone is focused in the Forex world on news data releases and the "euro/crisis" but very little is being said about a giant "Corporate owned Obama administration backed by Big Money" that happens to need to Win a US election here in a few weeks.

Don't tell me for a second that there aren't all sorts of back room meetings with Big Money saying something like "You Buy EUR/USD and hold it....we'll give...
Noone has meetings about a forex pair lol unless its uj or ec...

its usd vs equities and commodities and euro strength as a result of usd weakness and trying to show world that euro can survive which it cant
  • #708,911
  • Oct 17, 2012 2:35pm Oct 17, 2012 2:35pm
Quoting sidhujag
Noone has meetings about a forex pair lol unless its uj or ec...

its usd vs equities and commodities and euro strength as a result of usd weakness and trying to show world that euro can survive which it cant
Ok.
  • #708,912
  • Oct 17, 2012 2:42pm Oct 17, 2012 2:42pm
Looks Like Double Top to me, and MACD is not helping,
i have sold Heavy 3 trades, lets see how to goes,
  • #708,913
  • Oct 17, 2012 2:44pm Oct 17, 2012 2:44pm
Quoting QuantumLimit
Thank you. I concur with everything you just said.

I too think it may be closer to "scary reality" than many think.

See right now everyone is focused in the Forex world on news data releases and the "euro/crisis" but very little is being said about a giant "Corporate owned Obama administration backed by Big Money" that happens to need to Win a US election here in a few weeks.

Don't tell me for a second that there aren't all sorts of back room meetings with Big Money saying something like "You Buy EUR/USD and hold it....we'll give...
Now you are driving very far. Both Obama and the Europeans are only concerned of getting out of all these economic mess. Their first leg is for their internal economy to recover and people / Banks are spending and fueling the economy. And the other leg is the European Black hole that will suck everyone in it , not to add suck any chance of global economic recovery.

curreny is not that important , it echos on the sound of policies - let alone , that exchange rate on a short term is determined by a group of idiots who have two colored windows " One Buy and One sell ".
"It's the Margin, Stupid."
  • #708,914
  • Oct 17, 2012 2:47pm Oct 17, 2012 2:47pm
Quoting sidhujag
Noone has meetings about a forex pair lol unless its uj or ec...

its usd vs equities and commodities and euro strength as a result of usd weakness and trying to show world that euro can survive which it cant
Yes, how many times have we heard this broken record ... ! especially, if its played with Market's favored song " Greece is going to Default ... Greece is defaulting ..".
"It's the Margin, Stupid."
  • #708,915
  • Oct 17, 2012 2:49pm Oct 17, 2012 2:49pm
Price has touched 1.3121. I think now it will go up to 1.3140.
Love for all; Hatred for none.
  • #708,916
  • Oct 17, 2012 2:51pm Oct 17, 2012 2:51pm
Quoting aahmad29
Price has touched 1.3121. I think now it will go up to 1.3140.
I see it going down a little further.
  • #708,917
  • Oct 17, 2012 2:57pm Oct 17, 2012 2:57pm
EURUSD just hanging below its resistance level 1.31345, possible retrace for at least 40 Pips
  • #708,918
  • Oct 17, 2012 3:00pm Oct 17, 2012 3:00pm
down
down
down
i know we eventually will be together
  • #708,919
  • Oct 17, 2012 3:02pm Oct 17, 2012 3:02pm
Quoting smart boy
down
down
down
UP UP UP
  • #708,920
  • Oct 17, 2012 3:02pm Oct 17, 2012 3:02pm
Quoting Vachus
Now you are driving very far. Both Obama and the Europeans are only concerned of getting out of all these economic mess. Their first leg is for their internal economy to recover and people / Banks are spending and fueling the economy. And the other leg is the European Black hole that will suck everyone in it , not to add suck any chance of global economic recovery.

curreny is not that important , it echos on the sound of policies - let alone , that exchange rate on a short term is determined by a group of idiots who have two colored windows "...
Well it is my "conspiracy theory", and like I said I think it's closer to the truth than many would think.

But in the end, all that matters, is that I get that TP at 1.3200

2,927 traders viewing now