Comments on: Forex Signals – EUR/USD Bearish Channel

By: Ed

Ed — Thu, 05 Nov 2009 05:15:48 +0000

Lisa,

I was looking back to the high on 10/27. But as Mark pointed out already, resistance levels did not matter much today. Seems like news emotion took over the EURUSD.

By: tom

tom — Thu, 05 Nov 2009 03:36:50 +0000

jason ….Take your profit!!

By: jason

jason — Thu, 05 Nov 2009 02:19:22 +0000

almost 200 pips bullish, and now what? swing? continue rally?

By: Ed

Ed — Thu, 05 Nov 2009 02:04:27 +0000

Thanks Mark. I just went short now. The 30m, 60m and 4h all bearish at the close.

By: Lisa

Lisa — Wed, 04 Nov 2009 21:47:57 +0000

At this time, I am a little confused and sorry if this question seems silly.

Since we are supposed to be trading with the trend is the trend still bearish or has it changed to bullish? Is it that the news of the FOMC has changed the sentiment to bullish temporarily and therefore we should just wait until we can tell the sentiment again without the news before we entry a trade?

By: Lisa

Lisa — Wed, 04 Nov 2009 21:40:51 +0000

Ed,

How did you conclude that 1.4925 was the next resistance up when there looked like (to me) there were others resistances before the 1.4925?

By: Lisa

Lisa — Wed, 04 Nov 2009 20:58:56 +0000

Yes, I saw it but I don’t think it turned out to be very useful at that time. I guess because there was no confirmation on the next candlestick.

By: Mark

Mark — Wed, 04 Nov 2009 20:36:54 +0000

They kept it at 0.25% as expected. Comments said it would remain there for an ‘extended’ period.

By: Nnagozie

Nnagozie — Wed, 04 Nov 2009 20:01:09 +0000

I think I will go long, maybe at 1.4840, what do you guys think?

By: Ed

Ed — Wed, 04 Nov 2009 19:53:36 +0000

Anyone know the out come of the FOMC rate decision? My currency event calender has not posted it yet. :(