Attachments: EURUSD

EURUSD

Post #4,821
Quote
Feb 28, 2008 8:05pm Feb 28, 2008 8:05pm

blyestyachee
| Membership Revoked | Joined Feb 2008 | 31 Posts

Im buying euro/usd now. Got confirmations to buy euro/usd between all the way down to 1,5100 if we drop tonight. I bought euro/usd at 1,5170 and will buy again every 30 to 50 pips drops.

Dont follow trade your own plans!

Post #4,822
Quote
Feb 28, 2008 8:12pm Feb 28, 2008 8:12pm

xxDavidxSxx
| Joined Sep 2005 | Status: Full Time Trader | 1,780 Posts

Quoting acidguy

Disliked

man, you see this alike the 1.33 to 1.41 rally and then the brief reversal?
because if not is like this we going for 1.60...

really from 1.33 to 1.49 seemed like of nature cause all the problems were arising in august. but now even europe is infected somehow.

so we from 1.30 to 1.60 in about a year?
what do you think...

Ignored

That big wave that arches its back like that is an impulse wave 1. There should be a 3 distinct wave correction(wave 2) and then a wave 3 up that makes that first one look small. I am just catching wave 1 down, the correction should cover some nice pips.

Post #4,823
Quote
Feb 28, 2008 8:23pm Feb 28, 2008 8:23pm

ut2DaMax
| Joined Jul 2006 | Status: Member | 592 Posts

..... except for bitti small pullbacks. IMO

Post #4,824
Quote
Feb 28, 2008 8:30pm Feb 28, 2008 8:30pm

forex3e
| Joined Jan 2007 | Status: its now or never | 531 Posts

the current measurement I have base on the left wing parameter is price reach 1.318* on horizontal fibonnacci count which coincides with H1 fan setup but daily time frame has different idea, good luck

Quoting xxDavidxSxx

Disliked

Heres one case I do agree with against the trend trade. The gartly has extended to 1.618 circled in green. That pretty much means I place an order.
The nature of this kind of reversal is supposed to be swift. We'll see.

Ignored

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Post #4,825
Quote
Feb 28, 2008 9:03pm Feb 28, 2008 9:03pm

CounterTrend
| Joined Feb 2008 | Status: I trade against the trend | 286 Posts

eur/usd is indeed now in wave 4 (a big corrective wave, cause it's an entire wave), whatever the dip, take it for a last impulse wave5

Post #4,826
Quote
Feb 28, 2008 9:04pm Feb 28, 2008 9:04pm

CounterTrend
| Joined Feb 2008 | Status: I trade against the trend | 286 Posts

Quoting xxDavidxSxx

Disliked

Heres one case I do agree with against the trend trade. The gartly has extended to 1.618 circled in green. That pretty much means I place an order.
The nature of this kind of reversal is supposed to be swift. We'll see.

http://img401.imageshack.us/img401/1...roshortrz9.gif

Ignored

Mind posting the indicator?

Post #4,827
Quote
Feb 28, 2008 9:05pm Feb 28, 2008 9:05pm

xxDavidxSxx
| Joined Sep 2005 | Status: Full Time Trader | 1,780 Posts

finding support on daily pivot. 1.5165

Post #4,828
Quote
Feb 28, 2008 9:08pm Feb 28, 2008 9:08pm

CounterTrend
| Joined Feb 2008 | Status: I trade against the trend | 286 Posts

There was similar price pattern on usdjpy daily, but I missed that indicator now. You can check it for usdjpy. Gl

Post #4,829
Quote
Feb 28, 2008 9:12pm Feb 28, 2008 9:12pm

xxDavidxSxx
| Joined Sep 2005 | Status: Full Time Trader | 1,780 Posts

I would like to see the trap door open on that pivot and let the bottom fall out

http://img152.imageshack.us/img152/9...voteurocx3.gif

Post #4,830
Quote
Feb 28, 2008 9:24pm Feb 28, 2008 9:24pm

xxDavidxSxx
| Joined Sep 2005 | Status: Full Time Trader | 1,780 Posts

That cci can be deceving. Don't look at it as divergence. If the over all trend demands it the move will happen. But I see the cci above showing market volume pushing down on that pivot. It might bounce up take a running start and break through. Or not.

: Thats why these are fun. If it bounces simply reverse position.

Post #4,831
Quote
Feb 28, 2008 9:29pm Feb 28, 2008 9:29pm

LuckyLurker
Joined May 2007 | Status: 2 + 2 = 5 | 1,031 Posts

Quoting xxDavidxSxx

Disliked

finding support on daily pivot. 1.5165

Ignored

Yes

USD Est Non Mortuus

Post #4,832
Quote
Feb 29, 2008 2:41am Feb 29, 2008 2:41am

indotrader
| Joined Dec 2007 | Status: Member | 520 Posts

EUR is bullish now, but if somehow its breached 1.5160 it wil go bearish, and if its breached 1.5074 then it will go bearish testing below 1.5, 1.4971
the move today is bearish, preparing the move for next week, I think

Money often costs too much...

Post #4,833
Quote
Feb 29, 2008 2:52am Feb 29, 2008 2:52am

acidguy
| Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts

oh man, those germany retail sales....

who was expecting that number.. dang!.

Post #4,834
Quote
Feb 29, 2008 3:01am Feb 29, 2008 3:01am

slappy
| Joined May 2007 | Status: Member | 60 Posts

bearish? r u kidding me? another new high!

Post #4,835
Quote
Feb 29, 2008 3:03am Feb 29, 2008 3:03am

indotrader
| Joined Dec 2007 | Status: Member | 520 Posts

the eur is now testing 1.5230 area, if its really breached it will tries the 1.5304 area.. oh my O.o

Money often costs too much...

Post #4,836
Quote
Feb 29, 2008 3:16am Feb 29, 2008 3:16am

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

EUR/USD will be testing 1.5400 area and then going bearish as per evolving 4 hour charts, a retrace is long overdue now.

Post #4,837
Quote
Feb 29, 2008 3:34am Feb 29, 2008 3:34am

CounterTrend
| Joined Feb 2008 | Status: I trade against the trend | 286 Posts

Well, the break above 1.4230 negated that wave 5 of 3 is done, so its still going but wave 4 down should begin soon. Maybe I am wrong any ellioticians opinions? (hourly chart)