EUR now at 1.4132.
In the short term, the dear can become dearer ...
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EUR 04 (Nov 10 - Jan 12)
EUR 04 (Nov 10 - Jan 12)
by winston » Thu Nov 04, 2010 10:48 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Euro 04 (Nov 10 - Mar 11)
by iam802 » Thu Nov 04, 2010 11:08 am
EUR/USD has risen from a low of 1.1876 during June and went on a rampage to 1.412 all within a short period of 4 months.
There’s always the temptation to short it since it has went up so much in such a short period. Couple it with various ‘ideologies’ about weak Europe economies etc.
It is beyond me to understand and explain about all possible implications from EU actions or the US ‘printing press’.
One thing for sure, the EURO rapid rise has since formed a huge kumo support base at around 1.395 on the Ichimoku’s Daily Chart.
Secondary support is around 1.34 at the base of the kumo. This coincides with the kumo support on the Weekly Chart.
The Weekly Chart also shows a kumo twist on the leading kumo suggesting more upside to come.
There’s always the temptation to short it since it has went up so much in such a short period. Couple it with various ‘ideologies’ about weak Europe economies etc.
It is beyond me to understand and explain about all possible implications from EU actions or the US ‘printing press’.
One thing for sure, the EURO rapid rise has since formed a huge kumo support base at around 1.395 on the Ichimoku’s Daily Chart.
Secondary support is around 1.34 at the base of the kumo. This coincides with the kumo support on the Weekly Chart.
The Weekly Chart also shows a kumo twist on the leading kumo suggesting more upside to come.
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Euro 04 (Nov 10 - Mar 11)
by kennynah » Thu Nov 04, 2010 1:11 pm
so...means Long ?
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Re: Euro 04 (Nov 10 - Mar 11)
by winston » Thu Nov 04, 2010 1:42 pm
kennynah wrote:so...means Long ?
Hmm... I dont think the longs have the stomach to hold on to their long positions on any small slight dip
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Euro 04 (Nov 10 - Mar 11)
by iam802 » Thu Nov 04, 2010 1:55 pm
One of the setup for Ichimoku is for the price level to retrace and bounce off the kumo.
That may be a good entry for long (Daily Chart).
That may be a good entry for long (Daily Chart).
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Euro 04 (Nov 10 - Mar 11)
by winston » Thu Nov 04, 2010 5:04 pm
1.4213. No chance for it to pull back.
The European exporters must be hurting now ...
The European exporters must be hurting now ...
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Euro 04 (Nov 10 - Mar 11)
by kennynah » Thu Nov 04, 2010 5:51 pm
Leg soft shorting this baby 
soon surrendering n regroup again.. Bo pian, must admit salah
soon surrendering n regroup again.. Bo pian, must admit salahOptions Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: Euro 04 (Nov 10 - Mar 11)
by winston » Thu Nov 04, 2010 6:16 pm
Ha Ha ... it's most painful before the big reversal. Need to take some pain-killer
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Re: Euro 04 (Nov 10 - Mar 11)
by kennynah » Thu Nov 04, 2010 8:28 pm
Already panadol overdose liao
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..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: Euro 04 (Nov 10 - Mar 11)
by millionairemind » Thu Nov 04, 2010 9:29 pm
kennynah wrote:Already panadol overdose liao
Superb run this one!
With the USD going so bloody weak, the US futures up 95!
Nowadays, just watch USD and the market will react accordingly...
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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