not selling EUR if pair trade back above 1.4250. EUR is still trading above 200 sma on 4hr to daily chart.
Originally Posted by nopainnogain
been short whole move down this morning on my S2 area 10 min tried catching a retracement. that lasted about 30 seconds, then back short.now i am flat. must sit back & get a clear picture.what a morning.
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
EUR/USD London session review and outlook, April 18 - 2011
Regards
Alejandro Zambrano
Currency Strategist | DailyFX Forum (London) azambrano@fxcm.com
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I'm quite impressed with the move down. Been long overdue. Finally the market acted rationally to the debt concerns of Europe. Not like the US doesn't have it's problems. I'd still expect a final test of 1.4530. I know the CFTC commitment of traders report will pretty different come Friday. Yes the report closes tomorrow so today's move will be shown on Friday when i look at it again. Hope you guys cleaned out the coffers for the fresh capital you earned today. I unfortunately missed today's move.
For me is between 1.4106 and 1.4156 is maybe end of present wave. Eska is see aggressive in bounces and many is seek buy opportunity. In broad speak this is fibonacci extensions configure and 23% retraction of wave C and 38% retraction of wave 3 of C.
oh my, i see a headline about us debt gets downgraded and thought wow i wonder what the eu/usd is at i expected seeing it higher not lower, was there some other news out here i missed ? grabbed a long for a scalp looking for 142.50ish
closed scalp @142.40 gotta run out for a bit. GLA
Last edited by Spartan_Forex; 04-18-2011 at 02:09 PM.
For me is between 1.4106 and 1.4156 is maybe end of present wave. Eska is see aggressive in bounces and many is seek buy opportunity. In broad speak this is fibonacci extensions configure and 23% retraction of wave C and 38% retraction of wave 3 of C.
Hey Eska, I've been away, I'm glad to see you made it back.
oh my, i see a headline about us debt gets downgraded and thought wow i wonder what the eu/usd is at i expected seeing it higher not lower, was there some other news out here i missed ? grabbed a long for a scalp looking for 142.50ish
closed scalp @142.40 gotta run out for a bit. GLA
Risk turned OFF for a day and dollar flew?
Go ahead switch the style up' And if they hate then let them hate and watch the money pile up.'
This EURNZD pair could really tank if there is any type of relief rally in the stock markets and commodities
Maybe will have to be quick for compensate carry trade deficit. Spread is high all so just now with over 8 pips. This may not seem so high when I look at Eur/Pln for this be have spread just now of 58 pips!!!!!!!!!!!!!!!!!!!!
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EUR short term outlook
Originally Posted by nopainnogain
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