Will Eur/usd Continue Upward?

[Wallet]

Dollar normally tanks this time of year, but I don't believe it will end on a negative..... looking for the Dollar to slide over the next few weeks taking the pair to the 2550 range before it resumes the downward trek, looking long range 1.1600's

My .02 cents

 

[skepticaltrader]

Quote from Deptrai:

I agree. We are propaply going to see a correction to at least as high as 1.2244 (50% retracement of the move from 1.2590 to 1.1898). 61.8% retracement to 1.2326 can not be ruled out. With earnings season starting next week all of this is possible if the stock market takes a big hit.

You're prediction looks right. Please observe the daily chart of the EUR/USD.

 

[FXsKaLpEr]

Quote from skepticaltrader:

I think you are right when you say that 99% of the "trading masses" lose their accounts.

"They" (the so-called gurus) always say that 90% of traders lose out, but I would think at this time its probably closer to 99% like you said. The numbers were probably a little better during the bull market of the late 90's though.

I guess we'll have to wait patiently till Sunday afternoon to see what the USD is going to do against the other major currencies.

well, it may or may not be that 90% blow their accts up in stocks. It could be 99%.

though, in forex, I think 100% of traders blow their accts up - no exception.

yes, there are those that then come back for a second round, and third, and so on, both in stocks and forex, some go on to better trading.

this forex number includes me.

I blew up my forex trading accounts NUMEROUS times - But I did the damage on demos.

I have almost blown up my live forex trading account on a number of trades.

Since then I like to think I have sufficiently re-tooled my systems enough to not get killed someday.

but... we'll see.

getting killed is not my greatest concern. that I know why, understand the reasons and am able to re-wire my trading is.

my other concern would be if I spend a lifetime working and building a forex account up to, say, $500,000,000. Then one trade blows it out.

99-years old - most successful fx trader - on the streets homeless.

 

[FXsKaLpEr]

for what it's worth, I voted that it will go down next week.

current 1.2129.

 

[DeltaDelta]

Quote from FXsKaLpEr:

for what it's worth, I voted that it will go down next week.

current 1.2129.

Maybe one should consider an ATM put then...

 

[FXsKaLpEr]

Quote from DeltaDelta:

Maybe one should consider an ATM put then...

exactly!

I love this poll! at 15 votes we're almost EVEN in all categories.

 

[DeltaDelta]

Quote from FXsKaLpEr:

exactly!

I love this poll! at 15 votes we're almost EVEN in all categories.

Ahh.. Didn´t see the results of the poll - will change the put to a long butterfly.
yadayadayada... know it cannot be done in the real world

 

[Comandatore]

Quote from FXsKaLpEr:

well, it may or may not be that 90% blow their accts up in stocks. It could be 99%.

though, in forex, I think 100% of traders blow their accts up - no exception.

yes, there are those that then come back for a second round, and third, and so on, both in stocks and forex, some go on to better trading.

this forex number includes me.

I blew up my forex trading accounts NUMEROUS times - But I did the damage on demos.

I have almost blown up my live forex trading account on a number of trades.

Since then I like to think I have sufficiently re-tooled my systems enough to not get killed someday.

but... we'll see.

getting killed is not my greatest concern. that I know why, understand the reasons and am able to re-wire my trading is.

my other concern would be if I spend a lifetime working and building a forex account up to, say, $500,000,000. Then one trade blows it out.

99-years old - most successful fx trader - on the streets homeless.

500 Mln$...
one trade....well market should move 10000 pips....if we lose (on average 100 pips per day) you would hold a losing position for 100 days losing 100 pips per day..
Z scalp ur z best...

ZC

 

[kalzayani]

Long if Below...Short if above...Watch the Trend

Fair Values Forecasts with date...GL...KaL

Date EURUSD USDJPY GBPUSD USDCHF
Sunday, October 09, 2005 1.2320 111.6933 1.8001 1.2643
Wednesday, October 12, 2005 1.2346 111.6544 1.8026 1.2623
Saturday, October 15, 2005 1.2374 111.6082 1.8054 1.2602
Tuesday, October 18, 2005 1.2404 111.5546 1.8084 1.2578
Friday, October 21, 2005 1.2436 111.4935 1.8116 1.2553
Monday, October 24, 2005 1.2470 111.4247 1.8150 1.2527
Thursday, October 27, 2005 1.2506 111.3480 1.8186 1.2499


Date AUDUSD USDCAD NZDUSD EURJPY
Sunday, October 09, 2005 0.7660 1.1506 0.6944 137.3917
Wednesday, October 12, 2005 0.7668 1.1463 0.6948 137.6064
Saturday, October 15, 2005 0.7677 1.1419 0.6952 137.8312
Tuesday, October 18, 2005 0.7685 1.1374 0.6956 138.0660
Friday, October 21, 2005 0.7695 1.1328 0.6961 138.3112
Monday, October 24, 2005 0.7705 1.1280 0.6966 138.5668
Thursday, October 27, 2005 0.7715 1.1231 0.6971 138.8330

Date GBPCHF AUDCAD EURCAD GBPUSD
Sunday, October 09, 2005 2.2737 1.6068 1.4183 200.8692
Wednesday, October 12, 2005 2.2730 1.6085 1.4163 201.0580
Saturday, October 15, 2005 2.2723 1.6104 1.4144 201.2551
Tuesday, October 18, 2005 2.2716 1.6123 1.4125 201.4607
Friday, October 21, 2005 2.2709 1.6145 1.4108 201.6749
Monday, October 24, 2005 2.2701 1.6167 1.4091 201.8979
Thursday, October 27, 2005 2.2692 1.6191 1.4075 202.1297

 

[kalzayani]

GBP/CHF..Recommeded Long with dips...should head back to 2.28