"Diversification is an excuse for a lack of talent" ~FXC
- #16,121
- Jul 25, 2008 2:18am Jul 25, 2008 2:18am
- Joined Dec 2007 | Status: "Focus is everything" | 1,677 Posts
- #16,122
- Jul 25, 2008 2:20am Jul 25, 2008 2:20am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
ok... going to sleep now...
just opened a short with sl @ 1.5775 and profit @ 1.5650
opened order of a buy @ 1.5650 with sl @ yesterdays lows with profit @ 1.57
as a contingency order i have a breakout trade: buy order if my first stop loss is taken away... sl @ today's lows... no profit target (closing london or nyse in such a case).
other contingecy order is selling @ yesterday lows with sl @ todays highs and no profit taking till london or nyse close)
gn8 all
iiivb
- #16,123
- Jul 25, 2008 2:25am Jul 25, 2008 2:25am
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
What a strange. it's quit the same analysis we got..isn't it FXCapitalist ?
Enjoy everybody
one thing 4 sure your the best FXCapitalist.keep it up the good work.
peace out.
Enjoy everybody
one thing 4 sure your the best FXCapitalist.keep it up the good work.
peace out.
Fools Rushing
- #16,125
- Jul 25, 2008 2:28am Jul 25, 2008 2:28am
- Joined Dec 2007 | Status: "Focus is everything" | 1,677 Posts
"Diversification is an excuse for a lack of talent" ~FXC
- #16,126
- Jul 25, 2008 2:31am Jul 25, 2008 2:31am
- Joined Dec 2007 | Status: "Focus is everything" | 1,677 Posts
I like to see price lose momentum and reverse off any significant level and slide down my 45* equlibrium anchor on my Gann Fan. Something I over looked, see how price seems to find downward support at that angle. WD Gann FTW.
"Diversification is an excuse for a lack of talent" ~FXC
- #16,127
- Jul 25, 2008 2:34am Jul 25, 2008 2:34am
- Joined Dec 2007 | Status: "Focus is everything" | 1,677 Posts
Thank you brother ..just have a look my analysis without any indicators ,( is it the same analysis ?)
Peace.
"Diversification is an excuse for a lack of talent" ~FXC
- #16,128
- Jul 25, 2008 2:35am Jul 25, 2008 2:35am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
I actually expect it to drop a bit more and break that intraday support it's not as significant as the weeks resistance @ 1.5750
- #16,129
- Jul 25, 2008 2:39am Jul 25, 2008 2:39am
- Joined Dec 2007 | Status: "Focus is everything" | 1,677 Posts
atleast in the process of doing so. Studying RSI these past few moments pays off. 
I seriously want it to reject the 60 level. Then I can look for short setups. =)
I seriously want it to reject the 60 level. Then I can look for short setups. =)
"Diversification is an excuse for a lack of talent" ~FXC
- #16,130
- Edited 2:45am Jul 25, 2008 2:41am | Edited 2:45am
- Joined Dec 2007 | Status: "Focus is everything" | 1,677 Posts
Maybe double bottom? Then up Sunday?
Shoot im gonna fill or kill this order for sunday....on the other hand I don't know about the possibility of that, I wouldn't rule it out however, it could be a freak circumstance.
"Diversification is an excuse for a lack of talent" ~FXC
- #16,131
- Jul 25, 2008 3:02am Jul 25, 2008 3:02am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Hey hmmm that looks viable. If it gets jammed between the 60/40 level in the RSI and sleeps there for the weekend who knows maybe it gaps up on sunday
AU
AJ
- #16,132
- Jul 25, 2008 3:14am Jul 25, 2008 3:14am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
good morning all...its friday...
its just money
- #16,133
- Jul 25, 2008 3:23am Jul 25, 2008 3:23am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
good morning all...its friday...
- #16,134
- Jul 25, 2008 3:28am Jul 25, 2008 3:28am
- Joined Dec 2007 | Status: "Focus is everything" | 1,677 Posts
"Diversification is an excuse for a lack of talent" ~FXC
- #16,135
- Jul 25, 2008 3:30am Jul 25, 2008 3:30am
- Joined Dec 2007 | Status: "Focus is everything" | 1,677 Posts
"Diversification is an excuse for a lack of talent" ~FXC
- #16,136
- Jul 25, 2008 3:47am Jul 25, 2008 3:47am
[FXCapitalist's short awaited EUR/USD Analyses]
As you can see on my chart a shooting star has formed on the H1 Timeframe
Also this is a continuation of the foghorn formation I established earlier.
I would also expect it to test the 1.5750/86 and 823 levels on my downward retracement fib, a failure of all 3 is an undeniable upside move.
However...
with the foghorn still intact it is still showing massive volaitility in the h1 time frames. I would see the horn reach it's peak at around 1.5750 then collapse back down
however again. based on my RSI studies this time.
the previous hour has shown that it stalled at the 60 RSI level which is key to bull territory, for it to be valid this hour's candle has to close below that and if it does down we go
at the moment of writing this hour's candle is rallying towards the previous hour's high but it seems to be slowing there. I am currently looking for a (DD+) set up in my upward RSI channel so with that kind of reference I can look for long entries only.
This concludes my analyses, more amendments if necessary if I forgot something.
I believe that it might reject the 60 level and maintain it's course in bear territory, that RSI level is acting like a ceiling for the time being.
Look at the chart and study it well. I know I did.
amendments
given US news tomorrow (which I don't really care for)
the forecasts may be met or not however, if they are met or slightly exceeded the Euro will drop, if not consolidate and if the forecasts are missed, then I'm all in for a bull transformation.
-gratiae
I'm with you FXCap...
...spot on..
