Australian (ASX) Stock Market Forum

EURUSD....Euro

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AbundantIncome said:
was not in and i am starting to get confused again with my charts .. i cannot find a confident point to get in ! and i tend to get out and the pair does a runner from my stopped target !!! :banghead:

is everybody confused about the market as me ? or is it just me
Click to expand...

They will always do that, you will get used to it before you get better.
 
just remember - bad news in USA is good for their dollar.

seems silly, but that's how it goes in the current battle of the lightweight currencies.
 
EUR/USD

H4 graph
The pair is consolidating under the “triangle” figure’s lower bound, being held up by resistance level 1.3080. After “triangle” got broken the market was supposed to rapidly make a leap down, but that didn’t happen – downtrend impulse faded owing to support 1.2898 (the maximum on 02/25/09). Taking this picture to account there are 2 variants of events to develop:

1. The pair rises above resistance 1.3080, which speaks in favor of finishing of the “triangle” model and of the downtrend. Next, upon breaking above level 1.3155 an uptrend will take effect, having the target at resistance level 1.3320 (the higher bound of the “triangle”). A correction to 1.3155 is likely to happen from that level, followed by retesting of level 1.3300. If after that the pair will successfully rise above 1.3350 – a “flag”, figure of trend’s continuation, will take effect and level 1.3570 will become the pair’s target.

2. The pair stays under 1.3080 and then goes below 1.2980 – in such case the pair will get to accumulation of supports between 1.2857–1.2776. In case the last mentioned support will be passed, the pair will head to 1.2525.
 
lusk said:
Why TP at 1.2960? I'm short if she crosses 1.32 stop 1.3250 no TP will let her go and see what happens.
Click to expand...

I have a few scenarios, one of them is down to around that level and reverse for 1.4. for now that looks decent. If something goes wrong, I will explain you other options later
gl&gt
 
Naked shorts said:
God dam it, if i was trading my old system I would be retired right now.
Click to expand...

I confuse things too... just I don't had to take this short. anyway, don't worry, will have time and another good levels to take. It have long way to go up! I think it was last low level for the summer to Christmas
gl&gt
 
H4 graph
The pair went above level 1.3550 – key resistance had been passed; owing to that, target of the pair’s growth is now set at resistance level 1.3910. Support is at 1.3550.

1241973464_eu4.gif



Daily graph
Level 1.3550 proved to be a key level. The pair’s rising above it led to development of a strong uptrend, having targets of growth set at intermediate resistance 1.3910, target level 1.4230 and then, possibly, at 1.4400. Support is currently at 1.3550.

1241973505_eu1.gif
 
thanks... the hourly chart is also showing a rather bullish trend ...

fingers crossed it is going to be a sharp ascent as I stay for the short while only :D



strategist said:
H4 graph
The pair went above level 1.3550 – key resistance had been passed; owing to that, target of the pair’s growth is now set at resistance level 1.3910. Support is at 1.3550.

1241973464_eu4.gif



Daily graph
Level 1.3550 proved to be a key level. The pair’s rising above it led to development of a strong uptrend, having targets of growth set at intermediate resistance 1.3910, target level 1.4230 and then, possibly, at 1.4400. Support is currently at 1.3550.

1241973505_eu1.gif
Click to expand...
 
euro has been a real party tonight.... that freeakin spike down nearly cleaned it all out.

still long...

WHAT A THIN FING NIGHT....

WELCOME TO THE NEW FOREX MARKET BOYS AND GIRLZ
 
>Apocalypto< said:
euro has been a real party tonight.... that freeakin spike down nearly cleaned it all out.

still long...

WHAT A THIN FING NIGHT....

WELCOME TO THE NEW FOREX MARKET BOYS AND GIRLZ
Click to expand...

what a nite !!! i am glad i was on the right side of the fence !!! i have enough roller coaster, very high indeed, i do not think i would do any more trading tonight .. too much ...

stop losses on IB do not work etc etc !! what the !!! i have to do more paper trading !!! i appreciate stop losses more than EVER !!!
 
Yeah its all over the place. never saw that whipsaw coming. I think it will remain crap until US unemployment comes out.

currently trying to bring my account back up to where i started today :(
 
Naked shorts said:
Yeah its all over the place. never saw that whipsaw coming. I think it will remain crap until US unemployment comes out.

currently trying to bring my account back up to where i started today :(
Click to expand...

I am hardly out of position. Normally, I am down like multiple times that I could profit. So, like one week then down back to zero or negative figure from when I started ! Talking about a novice. I am too scared to jump back in tonight before I get the stop loss sorted !

This got to change !!!
 
20-30 pip swings, you think it's going up then right down it goes and then it reverses back. Compared to the other majors, it's still holding up surprisingly.
 

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