EURUSD | Page 36673 | 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

  • #733,441
  • Dec 16, 2012 3:12pm Dec 16, 2012 3:12pm
EURUSD H4

http://charts.mql5.com/1/52/eurusd-h...z-computer.png
  • #733,442
  • Dec 16, 2012 3:12pm Dec 16, 2012 3:12pm
Quoting OutscalpMe
Thats big time sign that eur/usd will drop this week. The gap has to be filled.
I wouldn't bet on it....there's no law that says gaps have to be filled and frequently they aren't. With the size of this one, I'd be surprised to see a full retrace to the close Friday. I think bears won't start playing their hands until the resistance zone is reached, so we have a vacuum until that point.
  • #733,443
  • Dec 16, 2012 3:15pm Dec 16, 2012 3:15pm
Quoting gatorinla
ej on a weekly tl atm, sl just above
zoomed in
Attached Image
those who can, do. those who cant, talk about those who can
  • #733,444
  • Dec 16, 2012 3:18pm Dec 16, 2012 3:18pm
Quoting divak
I dont see how this thing could go higher... but anything is possible though...

I will short this baby at opening, then let's see.
Prefer to lose doing something i believe in, than just being forced to accept something almost nobody can justify...
Euro was at 1.47 as recently as last year, course it can go higher. Don't know why so many are fixated on the 1.3 zone as a red line that it can't go past.

Don't understand the enthusiasm for the $$, weakness is totally justified imo. Euro isn't as weak as people make out. You can't trade like your supporting a particular team, got to go with the flow
  • #733,445
  • Dec 16, 2012 3:20pm Dec 16, 2012 3:20pm
Quoting Avir
I have never touched this pair but just checked on one of my broker who/m is still not open.
Hmm yes, people always expect whatever has happened to continue, forever and always.

Fundamentally, this will happen, but a lot of the hype is already priced in. Of course it can keep on going but I would be wary of a retrace in the Yen, it is rather oversold.
Even the worst trade can close with profit. Just give it time.
  • #733,446
  • Dec 16, 2012 3:21pm Dec 16, 2012 3:21pm
Quoting mry2001
I closed usd/jpy long position last week. What do I do now?
I wouldn't touch it.

Too many fingers in the pie, fundamentally, that haven't shown true results yet.

Fiscal Cliff - USD
Sunday Election - JPY

Wait it out, trade something else in the mean time in my opinion.
Even the worst trade can close with profit. Just give it time.
  • #733,447
  • Dec 16, 2012 3:26pm Dec 16, 2012 3:26pm
Quoting bennyblanco
Euro was at 1.47 as recently as last year, course it can go higher. Don't know why so many are fixated on the 1.3 zone as a red line that it can't go past.

Don't understand the enthusiasm for the $$, weakness is totally justified imo. Euro isn't as weak as people make out. You can't trade like your supporting a particular team, got to go with the flow
euro is supported on the fed and other central banks trying to support it for a dozen + years. supporting it has lead to global meltdown, and it will again. early on it fell to .8xx... since then, other majors have deflated. causing this turd to rise. there is little wiggle room now with near 0% interest rates to float this turd.
those who can, do. those who cant, talk about those who can
  • #733,448
  • Dec 16, 2012 3:32pm Dec 16, 2012 3:32pm
Quoting John Gray
Hmm yes, people always expect whatever has happened to continue, forever and always.

Fundamentally, this will happen, but a lot of the hype is already priced in. Of course it can keep on going but I would be wary of a retrace in the Yen, it is rather oversold.
Forgot this one
Attached Image (click to enlarge)
Click to Enlarge Name: 1612122125.JPG Size: 344 KB
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #733,449
  • Dec 16, 2012 3:32pm Dec 16, 2012 3:32pm
Quoting mry2001
I closed usd/jpy long position last week. What do I do now?
start crying
  • #733,450
  • Dec 16, 2012 3:37pm Dec 16, 2012 3:37pm
Quoting Kanzler
frequently they aren't. With the size of this one, I'd be surprised to see a full retrace to the close Friday. I think bears won't start playing their hands until the resistance zone is reached, so we have a vacuum until that point.
MY friend. On the last 6 gaps of eur/usd or eur/jpy the gap has been filled 5 out of the last 6 times. The last one was last week?
  • #733,451
  • Dec 16, 2012 3:37pm Dec 16, 2012 3:37pm
Quoting Kanzler
I wouldn't bet on it....there's no law that says gaps have to be filled and frequently they aren't. With the size of this one, I'd be surprised to see a full retrace to the close Friday. I think bears won't start playing their hands until the resistance zone is reached, so we have a vacuum until that point.
.3170 not a resistance zone for you?
  • #733,452
  • Dec 16, 2012 3:37pm Dec 16, 2012 3:37pm
Quoting TrevorM
Unless some fundamentals kick in, I have the Euro giving back everything it gained on Friday. Or am I missing something. This seems like deja vu to me. This has happened 3 times in the last 6 months where the Euro spiked on friday and gave everything back on Monday. Or if there is someone more intelligent than me that could tell me why I am wrong.
thinking the same here
  • #733,453
  • Dec 16, 2012 3:38pm Dec 16, 2012 3:38pm
Quoting FX Wolf
btw it can shoot with out taking supp around 3150ish
what if the 5est open is below?
those who can, do. those who cant, talk about those who can
  • #733,454
  • Dec 16, 2012 3:39pm Dec 16, 2012 3:39pm
Quoting bennyblanco
Euro was at 1.47 as recently as last year, course it can go higher. Don't know why so many are fixated on the 1.3 zone as a red line that it can't go past.

Don't understand the enthusiasm for the $$, weakness is totally justified imo. Euro isn't as weak as people make out. You can't trade like your supporting a particular team, got to go with the flow
Im not supporting any team. But i would be curious to hear your arguments favoring strength in the Euro...

Sure Euro isnt weak, it has been always above parity with USD....
  • #733,455
  • Dec 16, 2012 3:42pm Dec 16, 2012 3:42pm
Quoting divak
.3170 not a resistance zone for you?
This was a reference to EUR/JPY, sorry for the confusion.
  • #733,456
  • Dec 16, 2012 3:42pm Dec 16, 2012 3:42pm
Quoting OutscalpMe
MY friend. On the last 6 gaps of eur/usd or eur/jpy the gap has been filled 5 out of the last 6 times. The last one was last week?

OK what gap are you using, about a dozen of us have been posting prices for the last 5-6 hours, so if you are using a gap it must be a retail gap of a broker that shuts on Friday and opens really late on Sunday, so ask yourself, how come at least half a dozen of us don't have that gap. Then you need to know how big that broker of yours is, how many clients do they have and how many of them are trading this gap that you and only you can see on a Sunday night, how much money do those few retailers of YOUR broker have in their account and how many of them are actively trading right now and are actually looking at the same gap that you are looking at. Then ask yourself what are all those traders doing in Wellington and Sydney, such as GS, DB, UBS, etc, do they really wait for YOUR broker to open with a few hundred retail clients holding a few hundred dollars in their account. All the big boys are in Welly and SY, you think they have a 2 hour breakfast in the morning and wait for your broker to open before they start trading?

Do you really want to trade that gap of yours? If you still do, have at it, GS would love your money, it may pay a round of beers tonight.

It is nine in the morning in SY and close to 11 in Welly, you really reckon all those traders, and there are thousands of them are waiting for YOUR broker to open and your measly 100 bucks??????
The great majority are rarely capable of thinking independently.
  • #733,457
  • Dec 16, 2012 3:42pm Dec 16, 2012 3:42pm
Quoting divak
.3170 not a resistance zone for you?
What can also happen is this... We have 3 levels on daily, pretty close to one another... 3125, 3138 and 3171.. 50 pips area, give or take.. Was Friday a break out based on these levels? It's not clear.. When things are not clear, and people don't agree, unless there's some fundamentals moving it away from here up/down, it could very well create a nerve wracking range right above/below here and only after that we'll have the real break out or rejection.. This is exactly where money will be lost left and right.

I will be watching if that range forms then I'll know what I'm dealing with..
  • #733,458
  • Dec 16, 2012 3:44pm Dec 16, 2012 3:44pm
Quoting gatorinla
euro is supported on the fed and other central banks trying to support it for a dozen + years. supporting it has lead to global meltdown, and it will again. early on it fell to .8xx... since then, other majors have deflated. causing this turd to rise. there is little wiggle room now with near 0% interest rates to float this turd.
Well said - Euro is a turd of the first order - bail outs with conditions - countries forming an orderly queue behind Greece for future bailouts - austerity for years...... risk all over the place and what do people do....... go long on the biggest dog at extreme levels! The TA monkeys crap on about inverse H&Ss - EURUSD touching 1.5 this week..... ZERO consideration for the fundamentals which are shit and commercial traders squaring books taking profits..... Logically you would anticipate a monster correction..... we will see!
  • #733,459
  • Dec 16, 2012 3:50pm Dec 16, 2012 3:50pm
Quoting tarrentino
Well said - Euro is a turd of the first order - bail outs with conditions - countries forming an orderly queue behind Greece for future bailouts - austerity for years...... risk all over the place and what do people do....... go long on the biggest dog at extreme levels! The TA monkeys crap on about inverse H&Ss - EURUSD touching 1.5 this week..... ZERO consideration for the fundamentals which are shit and commercial traders squaring books taking profits..... Logically you would anticipate a monster correction..... we will see!
nothing either way would surprise me. i am waiting for the latest and greatest Greek 1000 year bond.
those who can, do. those who cant, talk about those who can
  • #733,460
  • Dec 16, 2012 3:50pm Dec 16, 2012 3:50pm
Quoting divak
Im not supporting any team. But i would be curious to hear your arguments favoring strength in the Euro...

Sure Euro isnt weak, it has been always above parity with USD....
I would say that Bernanke is on a course of insanity that will be difficult to reverse, he's having a $$ bonfire. The euro debt situation is precarious, however the US situtation is potentially worse. Euro has Germany behind it, the German economy is still strong and if they can keep the periphery under control then the eurozone can stabilise.

However, as always it's best not to get long/short biased. The herd mentality to head for $$ as a safe haven can still come into play, Europe is still of course liable to deliver bad headlines
468 traders viewing now