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EURUSD

  • #958,521
  • Feb 8, 2015 12:22pm Feb 8, 2015 12:22pm
Quoting OnlineAddict
{quote} USDx is so weird...everytime it looks like its going to drop on the chart, it goes higher...I can see it easily going to 100, so thats why I worry about EU longs...

Dear Online addict; my humble opinion is we have witnessed an important bottom a few weeks ago however in order to be sure the price needs to drop as close as possible to that low and then we need to see eur demand. I believe what we have experienced is a correction of 8 year which took EUR from 0.80s to 1.60s.

I will be closing my EUR longs which I currently have open from last friday when the market opens and will be playing with longs especially if it gets below 1.1190.

Going below latest low however will dampen my mood and probably prevent me taking any long chances up untill ca. 1.0400.

What is your view, I would appreciate it if you could share since you are one of the few traders here who still has faith in eur.
  • #958,522
  • Feb 8, 2015 12:23pm Feb 8, 2015 12:23pm
quiet morning roll overs except AU regarding china trade surplus data.
EU now at 1.13195
  • #958,523
  • Feb 8, 2015 12:39pm Feb 8, 2015 12:39pm
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  • #958,524
  • Feb 8, 2015 12:44pm Feb 8, 2015 12:44pm
Quoting maldegnegi
{quote} Dear Online addict; my humble opinion is we have witnessed an important bottom a few weeks ago however in order to be sure the price needs to drop as close as possible to that low and then we need to see eur demand. I believe what we have experienced is a correction of 8 year which took EUR from 0.80s to 1.60s. I will be closing my EUR longs which I currently have open from last friday when the market opens and will be playing with longs especially if it gets below 1.1190. Going below latest low however will dampen my mood and probably prevent...
I have a similar view...if we go down to re-test the low and don't break it and ideally go back up above 1.15, then it should be bullish until 1.20, at least. But if we go down and break the current low, there is no way of stopping it yet, until it keeps breaking the lows, the only longs can be scalps, holding for a few days max or with a small SL.
Everyone can see the chart, but only a few can actually read it.
  • #958,525
  • Feb 8, 2015 1:04pm Feb 8, 2015 1:04pm
Quoting OnlineAddict
{quote} I have a similar view...if we go down to re-test the low and don't break it and ideally go back up above 1.15, then it should be bullish until 1.20, at least. But if we go down and break the current low, there is no way of stopping it yet, until it keeps breaking the lows, the only longs can be scalps, holding for a few days max or with a small SL.
Thank you sir. I will carefully monitor what it does this week.
  • #958,526
  • Feb 8, 2015 1:30pm Feb 8, 2015 1:30pm
Quoting gatorinla
{quote} let me take a shot, sissy will be back and spoon feed the ones who care to listen in just under 3.5 hs from now. i would like to add 1400/08 may or may not allow the ones not in to have another shot. if we make a low below 1303, at some point a bounce may develop to 1400/08 and yes it can overshoot to near this weeks high (dead cat). the bounce if any depending on time of day. will probably close that day below 1329/32.. and eventuality test a LL on the year .. that bounce will have problems getting...
sissy done..

-1303 still untouched.
closes below 1279 is probably the second most important after 1209. to continue lower or bounce, a break of 1303 is the next st one that can point to a new low. lots of smaller smaller (stutter) s/r 1279/1332 all need closes for their particular tf, the 1209 may need a month or a 1/4 or more.. meanwhile we may consolidate is the 450+- pip zone .. probably all caused from 1209..

a break of 1303 has a norm bounce in the quoted post. 1303 is still not broke and we do have a HH and a HL until.. even if/when 1303 is broken... the 127x/13xx area probably dont hurt a normal visit back to 1408+/w/o a break in the new high (dead cat) .. if 1331ish allows.. . with 1303 unbroken, and the others not closed, although i am short and bearish.. i like to see prof in the pudding... levels on chart... Friday the usd had some great news supporting a summer hike. on bounces i am adding shorts...
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those who can, do. those who cant, talk about those who can
  • #958,527
  • Feb 8, 2015 1:45pm Feb 8, 2015 1:45pm
Looks like is going to break - it has been poked too many times

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  • #958,528
  • Feb 8, 2015 1:52pm Feb 8, 2015 1:52pm
1.1323 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.0008(0.07%) 2:14PM EST is this the opening price for this week?
  • #958,529
  • Feb 8, 2015 1:53pm Feb 8, 2015 1:53pm
Looks like a classic double top on the 4H chart.
  • #958,530
  • Feb 8, 2015 2:04pm Feb 8, 2015 2:04pm
Quoting Ken A
Looks like is going to break - it has been poked too many times {image}
What you have for GJ
A good trader follows his rules, but great trader knows when to break them
  • #958,531
  • Feb 8, 2015 2:05pm Feb 8, 2015 2:05pm
Quoting ill_be_back
{quote} What you have for GJ
I won't short - looking to break upside

Watch UJ 119.216
  • #958,532
  • Feb 8, 2015 2:17pm Feb 8, 2015 2:17pm
Although this quasi consolidation has not been very long, if it breaks 1.13 than I have little confidence in a rebound at this juncture. A lot of psychology is at play here as well. If the central banks want parity, there will be no choice but to go down because they will push it down and there is not stopping the CB's. If it doesn't break 1.13xx then I'll go long with a very short stop loss knowing if it breaks, I might as well cut losses quick. When the truth gets out that all the employment figures are mainly based on part-time jobs and that the US economy is still basically in the crapper, the currency will start to turn around.
Taigen Profit This Month: na
  • #958,533
  • Feb 8, 2015 2:18pm Feb 8, 2015 2:18pm
Quoting Ken A
{quote} I won't short - looking to break upside Watch UJ 119.216
I am sure of the Break upside, But I think could be a fake
A good trader follows his rules, but great trader knows when to break them
  • #958,534
  • Feb 8, 2015 2:25pm Feb 8, 2015 2:25pm
Quoting ill_be_back
{quote} I am sure of the Break upside, But I think could be a fake
Can't see anything now, gotta wait how Asia is reacting to NFP
  • #958,535
  • Feb 8, 2015 2:25pm Feb 8, 2015 2:25pm
probably gonna gap down. 1.1302 right noW
  • #958,536
  • Feb 8, 2015 2:28pm Feb 8, 2015 2:28pm
Quoting myelbow4
probably gonna gap down. 1.1302 right noW
I see 1.12866…..1.1300 is broken already!
  • #958,537
  • Feb 8, 2015 2:29pm Feb 8, 2015 2:29pm
Done and sealed ..........

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  • #958,538
  • Feb 8, 2015 2:31pm Feb 8, 2015 2:31pm
Hopefully Asia will push this up a bit so we can short safely...
  • #958,539
  • Feb 8, 2015 3:28pm Feb 8, 2015 3:28pm
Quoting Ken A
Done and sealed .......... {image}
is this info on your MT4 Chart? or you screenshot it from somewhere else?
Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #958,540
  • Feb 8, 2015 3:36pm Feb 8, 2015 3:36pm
check it out, got in nice and early on this one with my demo account. i'm learning
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