eur/gbp
i dont think it was wise enough from your part to answer every post from wannabes and their crazy proclamations regarding speculations, even thou i have made the same mistake with blankfein.
anyway
back to reality now
eur/usd
to me it seems stuck between 23 and 38 fib retrace levels and i am waiting for a clear breakout of the latest support/resistance level 1.3830, and also some volumes pick up to commit myself to a short position, the latest bearish movements were so bearish that it made me perplexed about the inability to break out the supp/res level considering the thin markets during last week.
therefore i am flat on this pair, and i am not trading until i see some volume.
volatility is king , but kings are rude most of the time.
Last edited by arthurb; 01-04-2009 at 01:18 PM.
Reason: gods of the market bless se1paul with pips during these hard times
I cosign that
Yearly resistance is currently at 1.46
Weekly resistance is currently at 1.417
Daily Resistance is currently at 1.40 and dropping hard.
Weekly Support is down at 1.386; a break there and we could see 1.36 easy.
Monthly Support is down at 1.28
Yearly Support is down at 1.243
1.5 I can't see either.
With 1200 MA lines, a spoon has already formed and a hood is about to in play within the next 5 days.
Between those 5 days, my bearish weekly triangle is going to die out, and the price will either dive up 400 pips to meet yearly resistance at 1.46 and fall back down, or eurusd will drop through the triangle and set a course back down to 1.24.
Weekly Triangle is bearish, so down movement is my prediction
Hey, I need more light on trading with price projections!
Hi all,
am kinda confused a little bit on price prjection which tells you how far price ation could run either north or south.
I gathered from my residual knowledge that I get the difference of the highest high and previous swing low if you were talking about price action breaching a support line or get the difference between the lowest low and previous swing high if price action was actually breaching resistance line. And from that differnce, you either add or subtract, as the case may be to the canlestick actually breaching the trendline.
But my question is, from where are we going to take the deductions from ( I mean the candle stick breaching the trendline?
Why you dont follow gbpusd threade? There is much more
of eurusd than here (and before not after movings )
p.s. I have no time to write there and here between tradings and
there is more quiet (more space for writings). But regard
more details inside intraday tradings I have on www.facebook.com
Last edited by BH-Eurofighter; 01-05-2009 at 07:28 AM.
Those who bought the EURUSD on the news of ZIRP from the fed are firmly underwater now. Global risk is lessening and money is flowing out of the EUR into the NZD and AUD. Why would you want to get long in front of an expected rate cut? The U.S. dollar index has retraced 50% of its recent move. It looks like a good time for the USD to pause. Obamamania should push money into riskier assets.
man i am getting the feeling you don't like USD so much...
johnnys
my friend
please dont take it personally, this is just business
i follow my safest way to profit form almost everything i can
btw i am wrong 38,2 % of the times
if i hate someone
that is the idiot (bernanke)
if i love something
that is oil and commodities
my prediction is getting true. the USD will be strong at the end of the day.
Europe is always good on future prediction that does not realize. the US is working quicker and resolves problems faster. I guess that the EU hopes that if the US will be OK they will get along on the boat, as always.
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Originally Posted by CreativeSilence 
(and before not after movings 
