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EURUSD

  • #284,501
  • Aug 22, 2010 2:05pm Aug 22, 2010 2:05pm
Quoting malcolmb14
The s/r areas of eu right now are 1.2730 / 1.2820 / 1.2660 ( major one on daily )

1.2660 breaks then we see 1.2500 . This could happen in a session as current 21day ave range eu is 160 pip

wave 3 is setting up on many things
eu
dx
dxd
ING (stock)
dj
es

to many charts all look the same for wave 3 downwards to not happen

es 1050 maybe lower
I guess it's too bad I don't pay much attention to EW's then.
  • #284,502
  • Aug 22, 2010 2:10pm Aug 22, 2010 2:10pm
Quoting malcolmb14
The s/r areas of eu right now are 1.2730 / 1.2820 / 1.2660 ( major one on daily )

1.2660 breaks then we see 1.2500 . This could happen in a session as current 21day ave range eu is 160 pip

wave 3 is setting up on many things
eu
dx
dxd
ING (stock)
dj
es

to many charts all look the same for wave 3 downwards to not happen

es 1050 maybe lower
yea malcolmb i was noticing that this weekend.....what else strikes me as very bearish is all the negative news coming out..... I mean you got iran-israel conflict, just absolutely terrible global economic data, australia hung parliament, whole slew of negative media coming out.

much of this economic data that came out last week was similar to 08 crisis.....its a long way to the bottom
  • #284,503
  • Aug 22, 2010 2:31pm Aug 22, 2010 2:31pm
Quoting Faller
I have noted that alot of the traders here use an hour chart and even a 4 hour chart when they are talking about price action etc........I was wondering if anyone could explain how you pick your long and or short entries with such a long timeframe.

Thanks in advance to anyone that replies.
This is how do I mostly enter in trades, if I see up trend on H1 I wait on m 15 situation in same trend to enter. I enter only on ADX signal, exit on MACD or depending on situation, usually 20 pips catch or 50-100. Green circles are entry situations.

Regards
Attached Image (click to enlarge)
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I dont have to work with people I dont like
  • #284,504
  • Aug 22, 2010 2:32pm Aug 22, 2010 2:32pm
Quoting fontu
Ok ,thanks agree for short term at least till final confirmation go straight down .

short term may test tl at 1.2767/1.2814 or even more mentioned before 1.2869 & 2938 ( will short at all those levels if get time to do so ) providing it continue down to the bottom trading range daily tf and at the same time final confirmation trend change breaking at 2451. Majore sr 4/8 MM daily should not that easy to break & already unsucessfull trying once .
fontu
agree with you bro but i think we can't go up more now until we are holding 2780 we can't go up check my weekly and h4 chart which is clear in weekly we can see this week pivot is 2770 and Euro is weak it is hard to break it and check my H4 there is possible Head and Shoulders in ..where we are now if we break to downside so we can see sharp downside move because 2700 is a neckline of that H&S what are your views

thanks

Ub
Attached Image(s) (click to enlarge)
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  • #284,505
  • Aug 22, 2010 2:54pm Aug 22, 2010 2:54pm
Quoting ubaidahsan
agree with you bro but i think we can't go up more now until we are holding 2780 we can't go up check my weekly and h4 chart which is clear in weekly we can see this week pivot is 2770 and Euro is weak it is hard to break it and check my H4 there is possible Head and Shoulders in ..where we are now if we break to downside so we can see sharp downside move because 2700 is a neckline of that H&S what are your views

thanks

Ub
True , there are big hammer all over weekly chart, eu ,gu au & likely 3rd candle down also but can tumble to some extent still as usdchf still point to downside ultimately before heading more up& gold more up before dollar try some down again . that is movement down still not so easy perhaps & in a straight line.
yes now bear but entries to look at the higher levels.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #284,506
  • Aug 22, 2010 3:00pm Aug 22, 2010 3:00pm
looks like aud longs are looking for the exit signs......missed my aj short before friday close by 2 pips
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  • #284,507
  • Aug 22, 2010 3:09pm Aug 22, 2010 3:09pm
1.27 trades early...
Look Sharp/Trade Tight
  • #284,508
  • Aug 22, 2010 3:17pm Aug 22, 2010 3:17pm
I'll be looking to buy me some euro at about 2580, give or take 20 pips.
  • #284,509
  • Aug 22, 2010 3:33pm Aug 22, 2010 3:33pm
Hey

It isn't the perfect formation but on the weekly looks like a very big H&S is forming.

Neckline: 2329 Top: 5143.

I am gonna watch this one like a hawk, if it gets completed might just go in for a one-off separate account trade LT.

If it forms and give the right signal then target is 2800+ pips.

It is not a perfect H&S tho so a bit wary, watching to see how it develops.

If an expert would care to give their input on this I would much appreciate it.

PS: if it works out then EURO goes +/- 200pips to its starting point.
  • #284,510
  • Aug 22, 2010 3:37pm Aug 22, 2010 3:37pm
my trading plan.
This week will be looking for nice place to put shorts. not much is left since the best slots have already been taken.
2744 is a hard place and a nice place to put short and if it breaks ,2800 is the wall and the best possible high position to get to put my shorts. if market go higher than 2835 i will be closing my shorts at loss and recalculating my charts..
My target is 2600 only since i expect a bounce from that area and were i put my longs (LOL at me). sL will be 2570 which if hit will be short again to 23** .Initial target for my long is 2800 from were i shall recalculate
i hope australia to form a stable Govt by that time which is causing jitters to carry trade towards AUD. check the AUD/JPY,AUD/USD charts .
10200 and 10000 Dow levels will be watched carefully.10200 for resistance and 10000 is my bounce zone .
Attached Image (click to enlarge)
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  • #284,511
  • Aug 22, 2010 4:05pm Aug 22, 2010 4:05pm
Hello everyone I hope all are good fine n healthy too and really wish that this week is also become profitable for all of us.. at my platform market is open at 2705.. what about others ?
  • #284,512
  • Aug 22, 2010 4:14pm Aug 22, 2010 4:14pm
Wont be 2 weeks before result could test 80 coming days
  • #284,513
  • Aug 22, 2010 4:15pm Aug 22, 2010 4:15pm
Quoting Shah22
Hello everyone I hope all are good fine n healthy too and really wish that this week is also become profitable for all of us.. at my platform market is open at 2705.. what about others ?
2708
I dont have to work with people I dont like
  • #284,514
  • Aug 22, 2010 4:28pm Aug 22, 2010 4:28pm
Quoting manojsai
my trading plan.
This week will be looking for nice place to put shorts. not much is left since the best slots have already been taken.
2744 is a hard place and a nice place to put short and if it breaks ,2800 is the wall and the best possible high position to get to put my shorts. if market go higher than 2835 i will be closing my shorts at loss and recalculating my charts..
My target is 2600 only since i expect a bounce from that area and were i put my longs (LOL at me). sL will be 2570 which if hit will be short again to 23** .Initial...
AUD will be a blip. By the end of the week the inevitable overreaction will wear off. Maybe even by the end of the London session.
  • #284,515
  • Aug 22, 2010 4:31pm Aug 22, 2010 4:31pm
Still 1.27 even or so....
Look Sharp/Trade Tight
  • #284,516
  • Aug 22, 2010 4:33pm Aug 22, 2010 4:33pm
Quoting PayTheLimit
Still 1.27 even or so....
Nothing much ever happens during Aussie session. Not enough cow bell.
  • #284,517
  • Aug 22, 2010 4:40pm Aug 22, 2010 4:40pm
Quoting pip_daddy
Nothing much ever happens during Aussie session. Not enough cow bell.
Silly me left an open short over the weekend AUD/USD .89175. Time ran out as I was going to close for a small loss...don't ya hate when that happens!
  • #284,518
  • Aug 22, 2010 4:49pm Aug 22, 2010 4:49pm
looking for a short entry targets 2756 and another at 2763... but since the weekly pp is now at 2765 .. that should do.. i got mid confirmation on both of the targets. this may be a tall order.. 2749 resiatance will get strong as time goes on.. we closed below it for a reason..
those who can, do. those who cant, talk about those who can
  • #284,519
  • Aug 22, 2010 4:59pm Aug 22, 2010 4:59pm
http://www.telegraph.co.uk/finance/e...8trillion.html
  • #284,520
  • Aug 22, 2010 5:04pm Aug 22, 2010 5:04pm
http://www.dailytelegraph.com.au/ele...-1225908602211
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