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EURUSD Discussions

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excellent.....what they forget to tell is when.....:)

 

TW

 

When is right now..:D

 

Thats what i have been telling for the past 6 months...Euro cant be trusted for an upward move that easily..

 

One thing im sure is any short taken from here throughout 2014 may probably be a big winner (for position traders)

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I will look for 1.3760 area to sell short-limit with a stop of 100pips:confused:

 

Yeah, thats not a bad idea.

 

1.376 is a nice point to be short again on Euro..

 

Euro in its current state would fall anyway..

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New short opened at 1.3602. (High Risk Trade) I am seeing 1.3607 very hard to cross before we retest today's low.

First TP around 1.3577, TP2 BE or 1.3527, if we continue to see in Asia the drop and 1.3560 being cross we may see new low tomorrow.

 

Just a scalp as i was getting bored on few of my long term trades...

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I try not to scalp,cannot sit in front of a PC all day, I look at daily charts and try to get a little bit better fill.By the way AUD/USD if tomorrow inside day with a close higher then open I will go long again.

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I am currently staying away for the time being, as the pair has been unclear with what direction to take. I'm waiting for a clear break above 1.3700 on the upside or 1.3550 before I enter a proper trade. Does anyone suggest any trades to look for between the levels I mentioned?

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I am currently staying away for the time being, as the pair has been unclear with what direction to take. I'm waiting for a clear break above 1.3700 on the upside or 1.3550 before I enter a proper trade. Does anyone suggest any trades to look for between the levels I mentioned?

 

We are range bound. I enjoy rangebound trading, but I have only been shorting at the 13665-13670 level for 40 - 50 pips. My overall bias is still to the downside

 

I have an entry order open on gbp/jpy. The same one I entered last week. Closed 1/2 at +40, then stopped out at BE. You can see it here, post 24.

 

http://www.traderslaboratory.com/forums/forex-trading-laboratory/13253-gbp-jpy-3.html

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eur usd

 

 

 

On the H4 TF, by reaching the price to a resistant level and the harmonic pattern being formed, we are observing a reversal. As long as this level is not broken above there would not be any expectation of a jump by the price and the continuation of the price slump is predicted.

Edited by tradingwizzard

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1.399 / 1.41 is a place you should look at for building a small long term short position ... between 1.35/1.37 is just not worth it! You will get a minimum 300 pips and if you are really lucky maybe 650 P.

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1.399 / 1.41 is a place you should look at for building a small long term short position ... between 1.35/1.37 is just not worth it! You will get a minimum 300 pips and if you are really lucky maybe 650 P.

 

I'm still bullish but the ball now is in Fed's hands

 

TW

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If you take a look at the 1,3475 line on daily and look back quite some years, you will notice that 1,3475 area is one nasty support/resistance area. Momentum is needed to get down trough, and we actually got stopped at it. 2013 EU was trying hard to get above it and stay there. november 2013 it got pushed, with the help of ECB rate cut, below with serious momentum, but got back up. 20 th nov it was at it again with momentum. Some days later we were again back on the upside. So my guess is, if we need to break down, we need some serious momentum, and that needs to be built. So a bounce from here to? 1,3572-77.

 

My daily view tells me we are consolidating and this should be the low in the range so we should be heading up. But US strength can now start changing that view, but until break of consolidation, we are still in it.. and that 1,3475 area is keeping us from falling.

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Exited all short positions.. It doesn't look it's going down atm..

 

let's see Draghi today....it is hard not to recognize a bit the improvements in Eurozone lately, but depends very much on the tone he will have on the press conference..these guys can push price in any direction with the way they are answering questions

 

TW

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Pair is very bullish now after the recent big jump, I have taken a long position now, i wish i was long before the jump, would have made me some healthy $$ but still much uppward potential left in the pair...

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For the third week in a row the large specs have flipped their position, this time back to a short euro position. It sure looks like the big specs have been getting chopped up in this market. Open interest was up 24K to 343K which is a big market. The tootal spec short in the euro is now 39K. Spreading, usually option trade is up to 12.8% of the market.

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"House Republican leaders spent Monday trying to finalize a plan to increase the Treasury’s borrowing authority and avoid a federal default by urging GOP lawmakers to rally behind a proposal that ties a debt-ceiling increase to a plan to restore full pension benefits for some military veterans. House Speaker John A. Boehner (R-Ohio) called a “special conference meeting” in the Capitol basement, trying to find the right policy mix that would attract enough Republican and Democratic support for the measure to be approved, possibly as soon as Wednesday."

 

Outlook not so good for longs if no debt limit crisis hits US again and Yellen proves more hawkish than believed.

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