Forex Day Trader's Thread

[Tuky]

Supposedly some real money is sitting on the bids at 1.39 and 1.62

 

[RidderTrade]

looks like euro wants to make a small bounce

 

[firscall]

looks like euro wants to make a small bounce

EURO desires 4360 by the end of the week. If you think that it will make a small bounce then tank then I can't see it. Price action rarely bucks the theory of alternating impulse wave and retracement.

 

[RidderTrade]

EURO desires 4360 by the end of the week. If you think that it will make a small bounce then tank then I can't see it. Price action rarely bucks the theory of alternating impulse wave and retracement.

euro can bounce to 1.43x best case, but many will sell off euro then

i disagree, the move up in the usd index was not corrective but impulsive, more upside coming for usd index , any correction can be viewed as a buying opportunity

 

[RidderTrade]

bounce a little bitt too small.., bounce can you hurry please

 

[RidderTrade]

afternoon cp

 

[bbc1183]

I'm new to the boards but have been trading this eur/usd pair for about a year now. Wondering what some of the longer to medium term biases are for this pair as the recent movements have left me slightly confused. Personally, i am looking for a bounce to 1.4250 area to get short for a larger move down based on elliot wave. thoughts? are you guys scalping moves today?
~B

 

[RidderTrade]

yeah u can see usd.. is a lot stronger than recently..
but i think its close to finish its first up wave

 

[RidderTrade]

but if it blasts through 80.. than it probably way more bullish

 

[bbc1183]

i have a feeling that if this move lower in the eur wants to be really aggressive we might not be lucky enough to get a decent bounce to short, but i dont want to chase it down either. these reversals do tend to happen rather quickly though, leaving alot of people in the dust. stuck... dont want to chase, dont want to miss the move.
~B

 

[RidderTrade]

i have a feeling that if this move lower in the eur wants to be really aggressive we might not be lucky enough to get a decent bounce to short, but i dont want to chase it down either. these reversals do tend to happen rather quickly though, leaving alot of people in the dust. stuck... dont want to chase, dont want to miss the move.
~B

thats the result if one is too scared to buy at 77, trends change, and you will hardly able to get in.. but i do think there will be some bounce.., but indeed worst case this was all of the bounce, usd selling has exhausted

 

[RidderTrade]

lets pray for 1.4221- 14251 euro/usd, but dont let it slip next time, trail it

 

[Pippy5000]

it's definitely not strong against the JPY.. just got stopped out in ninja looks like a full retracement of the entire Friday move is underway..

 

[Pippy5000]

Euro cannot move down while ninja is tanking..

 

[RidderTrade]

usd index

it's definitely not strong against the JPY.. just got stopped out in ninja looks like a full retracement of the entire Friday move is underway..

we can count 5 waves up complete in usd index, a 3 wave counter decline should give a nice buy, but lets wait and see how it develops..

 

[RidderTrade]

gold tries to recover from lower prices, actually the relationship vs usd is still very alive

 

[RidderTrade]

but it looks hard, pretty much sell off in dow jones though..

 

[bbc1183]

like the look of this eur bounce, have offers out starting at 1.4239

 

[N Rothschild]

Supposedly some real money is sitting on the bids at 1.39 and 1.62

really ****ing hate that expression "bids"

 

[Pippy5000]

I'm selling Euros at 1.421 and again 1.4265