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- merkel replied Oct 9, 2011
Are those i, ii, iii, iv supposed to be parts of the Elliot Wave? Your wave 4 overlaps wave 1 already, which violates the principles of the wave pattern. Looks more like an a,b,c correction before heading further down, IMHO.
EURUSD
- merkel replied Oct 9, 2011
a bit lower than all the sources I follow.. Bloomberg, truefx, cnbc, and forex.com all have around 1.3375 for Friday's close. Hopefully it will gap by open and then easily break the 2 key fib retracement levels it is hovering around right now. For ...
EURUSD
- merkel replied Sep 24, 2011
So, just to get a little bit of trading discussion back in here... The last time EUR/USD broke this far below its 200 day SMA, it continued to drop to 1.19, marking a total drop from 1.51 - 1.19, equaling a 3200 pip drop or roughly 21.2%. ...
EURUSD
- merkel replied Sep 22, 2011
I agree, it's not going down to 1.30 right away. I do believe the drop will be pretty swift, nonetheless. I wouldn't get into a long-term buy on the EUR though, with the high probability of more bad news out of Europe in the next few days... The ...
EURUSD
- merkel replied Sep 22, 2011
LOL, I don't mind dropping the names of Nomura and Morgan Stanley. And Goldman Sachs for that matter also dropped their estimates, albeit to 1.40 from 1.45 but they've been EUR bulls all along. Twisting the yield curve does nothing to dollar ...
EURUSD
- merkel replied Sep 22, 2011
+1 from me. Especially if you plan to enter a long-term position, don't get greedy and use high leverage. You need to be able to absorb some loss, but not beyond a reasonable stop loss considering your expected gains. Picking a top/bottom is ...
EURUSD
- merkel replied Sep 22, 2011
I must agree that Dennis Gartman has been doing poorly recently--one need only look up the ETF that follows his newsletter. I am curious where you get the exact 69% failure rate from, though, please cite the source. The zerohedge article was only to ...
EURUSD
- merkel replied Sep 21, 2011
Technical still works, especially for day traders. Expect some nice little rallies all through the long-term drop in the EUR, for instance the rally we had early last week (what many would call a "dead cat bounce"). I can't trade like that right ...
EURUSD
- merkel replied Sep 21, 2011
From all that I've read, the EUR/USD rate is likely to go to 1.20-1.25 once double dip recession fears kick in and people also realize that Europe will not come up with a real solution to the peripheral nations' problems (debt being only one of ...
EURUSD
- merkel replied Sep 19, 2011
There is so much support around 1.36... Even with Greece inevitably defaulting, maybe even before the end of October if they know what's best for them. Even with Italy downgraded by S&P and Moody's downgrade coming soon. Even when the ECB is ...
EURUSD
- merkel replied Sep 18, 2011
You and me both. With the rate it's dropping since pre-market, we might even see that before the end of Asian hours.
EURUSD
- merkel replied Sep 18, 2011
I'm not totally new to forex. I did a lot of day trading last year. I had doubled my initial investment, but then I got a new boss who didn't turn a blind eye to my trading and thus had to take longer term positions, which I wasn't used to. Needless ...
EURUSD
- merkel replied Sep 18, 2011
Yeah it's having trouble staying under 1.3660, but I wouldn't buy on support, as it is surely temporary. So I thought I'd take this opportunity to introduce myself. I'm pretty new to the forum, and it seems most of you day trade based on technicals, ...
EURUSD
- merkel replied Sep 11, 2011
I don't know how real-time it is (I think delayed 2 min), but CNBC seems to have pre-market quotes as well. I see 1.3595 currently http://data.cnbc.com/quotes/EUR%3dX I'm in a huge short, probably more than I should be, do you guys think I should ...
EURUSD
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