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  • #15,901
  • Jul 24, 2008 3:12am Jul 24, 2008 3:12am
RSI Analyses state a (DD+) forming after 1 more drop from there a reversal can be expected. Any drop in the H1 RSI14p within this range will have a significant effect no matter how small.
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"Diversification is an excuse for a lack of talent" ~FXC
  • #15,902
  • Jul 24, 2008 3:13am Jul 24, 2008 3:13am
took good pips from the quick bear candle then just gonna watch now
Money often costs too much...
  • #15,903
  • Jul 24, 2008 3:14am Jul 24, 2008 3:14am
Quoting Clouds
i just see too much bearish usd action across all pairs, maybe it's hard see, but it's there
yeah for the moment USD are bulls for the short term but inevitably euro bulls are still going to be dominant, it's been that way for the past 5 years. LOL
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,904
  • Jul 24, 2008 3:18am Jul 24, 2008 3:18am
that miniscule drop in rsi in the h1 frames caused it to drop a bit further. hence the relative strength is downwards.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,905
  • Jul 24, 2008 3:21am Jul 24, 2008 3:21am
If you measure that drop angle wise it's about 65* that's pretty steep and that has alot of momentum to it given such a steep drop. There's more analysis based on slopes but It's too much and I'm tired. brb.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,906
  • Jul 24, 2008 3:24am Jul 24, 2008 3:24am
Quoting FXCapitalist
yeah for the moment USD are bulls for the short term but inevitably euro bulls are still going to be dominant, it's been that way for the past 5 years. LOL
well, im talking about immediate future, NU(some support), AU (TL support), GU (TL support) all look good to go long, and UJ good to short. In my opinion.
  • #15,907
  • Jul 24, 2008 3:26am Jul 24, 2008 3:26am
Quoting Clouds
well, im talking about immediate future, NU(some support), AU (TL support), GU (TL support) all look good to go long, and UJ good to short. In my opinion.
whatever happens I'll react accordingly.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,908
  • Jul 24, 2008 3:27am Jul 24, 2008 3:27am
Preview of tomorrow.
Attached Image
  • #15,909
  • Jul 24, 2008 3:27am Jul 24, 2008 3:27am
Quoting FxApasionado
I have this second leg projected to 1.5642 or a bit lower,, let's see what develops.. A double bottom at 1.5611 would be the sweetest thing for 2008..
yeah, I'm seeing 1.5643 or so. next one down would be 1.5617, but I dun know about seeing that tonight...or soon at all?
  • #15,910
  • Jul 24, 2008 3:28am Jul 24, 2008 3:28am
Quoting Clouds
well, im talking about immediate future, NU(some support), AU (TL support), GU (TL support) all look good to go long, and UJ good to short. In my opinion.
yeah, its like when all the stars and planets are lining up and try to tell you something! .. prepare for "bearing" usd.

Nuckingfuts, what does your ball is saying right now?
... /$ -> LONG
  • #15,911
  • Jul 24, 2008 3:31am Jul 24, 2008 3:31am
Quoting Clouds
Preview of tomorrow.
Attachment
ready for it.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,912
  • Jul 24, 2008 3:33am Jul 24, 2008 3:33am
Trailing stop sound on 30 open tickets is a symphony to me.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,913
  • Jul 24, 2008 3:37am Jul 24, 2008 3:37am
Quoting Clouds
Preview of tomorrow.
Attachment

Super cool
  • #15,914
  • Jul 24, 2008 3:38am Jul 24, 2008 3:38am
the power of RSI applications.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,915
  • Jul 24, 2008 3:43am Jul 24, 2008 3:43am
Possibly next candle we see a reversal?
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,916
  • Jul 24, 2008 3:49am Jul 24, 2008 3:49am
Okay NOW I see a good spot to enter on the long side. A lot of reasons: 3rd day of falling without stop (yeah I know it can go down more always!...) heavy support because of July 7-9 low here, around 50% of June low July high. 5 years of usd shorting, etc. It's not a perfect setup but I think it has a really good risk/profit ratio, I'm willing to sign up
Bought at 1.5661, let's see.
  • #15,917
  • Jul 24, 2008 3:49am Jul 24, 2008 3:49am
Quoting uncleforex
We should be heading up soon.
I hope so i've been riding this trade from yesterday morning in long position. Entered at 1.5717. Do you think it will retrace back to that level or further up? Just trying to decide if i should hold onto this trade.
  • #15,918
  • Jul 24, 2008 3:49am Jul 24, 2008 3:49am
Quoting costos
yeah, I'm seeing 1.5643 or so. next one down would be 1.5617, but I dun know about seeing that tonight...or soon at all?
So far 42 hold up, now finding resistance @ previous support. 1.5670
  • #15,919
  • Jul 24, 2008 3:51am Jul 24, 2008 3:51am
Quoting FxApasionado
So far 42 hold up, now finding resistance @ previous support. 1.5670
it would be SO nice if we dont make new lows....
its just money
  • #15,920
  • Jul 24, 2008 3:54am Jul 24, 2008 3:54am
The sound of stops going off everywhere.

Don't let this bounce fool you... .5610 is coming soon.

Large banks are trying to prop up the Euro and it won't last long after those numbers.
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