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  • #6,501
  • Apr 11, 2008 4:10am Apr 11, 2008 4:10am
I shorted due to failure of triple top buts theres always a case for which direction we interpret will head towards.
  • #6,502
  • Apr 11, 2008 4:10am Apr 11, 2008 4:10am
Interesting observation.

Draw the 200 MA on GJ 15 minutes....It follows it suprisingly well.

It jumped above the 200 MA 15M TF yesterday and is being supported by
it right now....


What does that say about E/U...

GJ moves higher when UJ moves higher. UJ moves higher on dollar strength...

If GJ holds above that 200 MA....the 200 MA from the higher time frame are just above current price levels

If the 200 MA holds on the 15M it could very well break up above the 200 MA of the higher time frames..

Anyway just bored wanted to share.....watching the 200 MA on GJ 15TF...It could say alot about dollar and dow performance tomorrow....anywayssss gl everybody
  • #6,503
  • Apr 11, 2008 4:14am Apr 11, 2008 4:14am
It might be a choppy ride going up but I think we'll make it up to at least 875 (my TG) before figuring out the next move.
  • #6,504
  • Apr 11, 2008 4:15am Apr 11, 2008 4:15am
Quoting Mr Smith
My take on it, don't bother looking at news, learn technical trading.
I've been studying the j16 thread on this site, helps alot. Also the phil nell
threads help me to. Daves posts in this thread are great stuff to.
Thanks Smith for the advice. Which is the j16 thread if I may ask?
I also trade on technical analysis but purely on Price Action, fibs, trend lines and S/Rs. Out of 4 trades, I have had 1 bad so far.=D
But it would be even better to have other strategies in support for the decisions I make. =))
  • #6,505
  • Apr 11, 2008 4:16am Apr 11, 2008 4:16am
Quoting Jurrasic
I do of course , but break of previous high sound a bit optimistic.. Hope you put a trailing stop around 58..
if like that..
i will close at +100pips
  • #6,506
  • Apr 11, 2008 4:23am Apr 11, 2008 4:23am
Quoting Ultraman
if like that..
i will close at +100pips

"i dont want to know how much you make per day
i just want to know how long you can stay in this industry"


hahhaaha
Love your liner bro! =D

  • #6,507
  • Apr 11, 2008 4:24am Apr 11, 2008 4:24am
Quoting 06020384
Thanks Smith for the advice. Which is the j16 thread if I may ask?
I also trade on technical analysis but purely on Price Action, fibs, trend lines and S/Rs. Out of 4 trades, I have had 1 bad so far.=D
But it would be even better to have other strategies in support for the decisions I make. =))
http://www.forexfactory.com/showthread.php?t=2331

read away, huge thread, worth the read tho.
  • #6,508
  • Apr 11, 2008 4:46am Apr 11, 2008 4:46am
This question might be a little offtopic for the type of discussion on this thread but it's still related to USD-EUR.

Lately I've been visiting the forex forums daily and keeping a close tab on the exchange rates because I have over 200K in USD that over the last year lost quite a bit of value against the EUR. Since I'm in Europe this is affecting me a lot.

Deutsche Bank bank predictions as well as a private banker who I've been having talks with still predict 1.45 by end of the year.

What is the sentiment of you guys about a possible recovery of the greenback by the end of this year, or first months of 2009?

I'm stressing out everytime I see the dollar hit new lows because I have almost all my money in USD (long story but the short version is that I get paid in USD and have been waiting for better days to exchange part of the money - only if I had a crystal ball a year ago :/).

Thanks in advance for any input given.

Steven
  • #6,509
  • Apr 11, 2008 4:57am Apr 11, 2008 4:57am
Hi Steven,

Who knows... if it's of any help here try this:
http://www.forexfactory.com/showthread.php?t=73864

Darn, my long's been stopped out..
On the path to Enrichment.
  • #6,510
  • Apr 11, 2008 5:03am Apr 11, 2008 5:03am
Talking about forecasts, i work for a French Bank and their Euro prediction is 1.43 and this was predicted at the beginning of the year so.......

I don't really know. Do the banks forecast correctly..........only time will tell
  • #6,511
  • Apr 11, 2008 5:04am Apr 11, 2008 5:04am
Short from 799 to 733 against 821.
On the path to Enrichment.
  • #6,512
  • Apr 11, 2008 5:10am Apr 11, 2008 5:10am
Quoting Jurrasic
Short from 799 to 733 against 821.
Like your R:R factor.
  • #6,513
  • Apr 11, 2008 5:37am Apr 11, 2008 5:37am
Quoting forexmoments
Like your R:R factor.
Aah... Hate my win:loss today..
On the path to Enrichment.
  • #6,514
  • Apr 11, 2008 5:56am Apr 11, 2008 5:56am
Quoting Jurrasic
Aah... Hate my win:loss today..
just wait & see.. if EUR break one of the line.. just follow.. for now is ranging...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur@080411T1.jpg Size: 536 KB
Click to Enlarge Name: eur@080411T4.jpg Size: 545 KB
just follow the trend...
  • #6,515
  • Apr 11, 2008 6:52am Apr 11, 2008 6:52am
Quoting winlots
Talking about forecasts, i work for a French Bank and their Euro prediction is 1.43 and this was predicted at the beginning of the year so.......

I don't really know. Do the banks forecast correctly..........only time will tell
we will see eu around this price before end of year i think September.i have 1 long term trade 1.5900 tp 1.4500rest of time i scalp
  • #6,516
  • Apr 11, 2008 7:43am Apr 11, 2008 7:43am
Noticing that price still pays respect to this flag even though we had a breakout from it. I have experienced before fake breakout like this and price came back into the pattern again and did the opposite. Will it happen again ?

Targets based on flagpole length.
Attached Image (click to enlarge)
Click to Enlarge Name: flag eu 30m.gif Size: 16 KB
Measure twice, cut once
  • #6,517
  • Apr 11, 2008 7:55am Apr 11, 2008 7:55am
That's a smaller channel, there's a bigger ascending triangle starting from the low at about 5756 with 3 lower touches and I'm guessing 5860 is about the upper line..
On the path to Enrichment.
  • #6,518
  • Apr 11, 2008 8:00am Apr 11, 2008 8:00am
Ascending triangle;
Attached Image (click to enlarge)
Click to Enlarge Name: Ascending triangle EU.gif Size: 13 KB
Measure twice, cut once
  • #6,519
  • Apr 11, 2008 8:04am Apr 11, 2008 8:04am
Yours is bigger than mine I meant the one starting yesterday not last month

Price currently testing lower line again..
On the path to Enrichment.
  • #6,520
  • Apr 11, 2008 8:33am Apr 11, 2008 8:33am
Quoting Jurrasic
Hmm.. you guys might wann move your stops a bit.. Like I said the up move is not over yet.. I'm long since 823 against 808 with target of mid 586..
Don't think it'll get above 880 though.
Same here long from 5826 target 5856.
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