Chinook's EUR/USD (E/$)Mumblings

[Baruch]

Quote from quintrix:

Do you trade the charts ..or the news?


Q.

Why not trade the charts AND the news?

 

[quintrix]

..off topic

http://www.drudgereport.com/flash3gp.htm

Nightmare 4 $?...in the Euro zone gasoline costs more than 7$ a gallon!

Q.

 

[Ivanovich]

Quote from Andy62279:

tomorrow as in Tuesday?

Yes, tomorrow as in Tuesday.

 

[Andy62279]

Quote from Ivanovich:

Yes, tomorrow as in Tuesday.

cool, thanks.

 

[TradingWise]

euro still going lower ... ?

 

[Baruch]

Quote from illiquid:

How's about 40? Take your profit there and help cap the market! My stops down to breakeven already -- yes, I'm a wuss

Night all!

illiquid,

Fine trading blog!

 

[ElectricSavant]

Sheesh, I just put on the hedge...This one will be a long trade...(question: who is intervening at these extremes with such power?)

 

[Andy62279]

Quote from ElectricSavant:

Sheesh, I just put on the hedge...This one will be a long trade...(question: who is intervening at these extremes with such power?)

me when i shorted the pound friday jk

 

[illiquid]

Thanks Baruch!

 

[Andy62279]

Quote from ElectricSavant:

Sheesh, I just put on the hedge...This one will be a long trade...(question: who is intervening at these extremes with such power?)

I don't know fundamentals, but from a TA point of view.. I have noticed that when there is a trendline break from a reversal setup, the first pullback on the new reversed trend is a great opportunity not only for a continuation on the new trend, but I find that a large move occurs sometimes.

3/11/2005, 2b reversal occured causing a trendline break. There was a pullback. After the pullback prices made consecutive lower highs and lower lows... trend has been down since the 16th. This is from a 1hr chart. So whatever is going on... I've seen a downtrend since then. No surprise