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  • #16,681
  • Jul 29, 2008 10:04am Jul 29, 2008 10:04am
A perfect 127% retracement.. a good time to buy for a retrace I would say..
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  • #16,682
  • Jul 29, 2008 10:05am Jul 29, 2008 10:05am
Movements flat , ready for another short or some retracements ?? waiting
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,683
  • Jul 29, 2008 10:09am Jul 29, 2008 10:09am
Quoting finian204rea
what price exactly do you think we should buy?at least something comfortable to manage our capital
i guess this downmove so strong,..i would never think about long, before they cross my ma20 on 5M chart and made W patern as a confirm.
remember, support become resistant if break. what is your target?
  • #16,684
  • Jul 29, 2008 10:10am Jul 29, 2008 10:10am
Quoting EurUsd
I took a long position 1.5601 and TP at 1.5640
thanks a lot
what of stop loss?
  • #16,685
  • Jul 29, 2008 10:11am Jul 29, 2008 10:11am
So 127% is a magic number? Just curious at what you mean by a perfect retracement point
  • #16,686
  • Jul 29, 2008 10:13am Jul 29, 2008 10:13am
Quoting kirana
its on level 20 on rsi (1H),.. i tought it oversold.
but fx capitalist wrote short lower limit on that level.
sell???
1st off my techniques if you dont understand it dont trade it. its more complicated than it looks already on screen. I'm not looking to teach anyone either.

the 20 level said nothing of oversold. none of my levels tell you when to buy or sell. it tells you the state of the condition and what to look for not what to do.

cheers.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,687
  • Jul 29, 2008 10:13am Jul 29, 2008 10:13am
Quoting seesaw
So 127% is a magic number? Just curious at what you mean by a perfect retracement point
127% is a Fibonacci level, you can search in Google more about Fibonacci levels and why they work..

  • #16,688
  • Jul 29, 2008 10:15am Jul 29, 2008 10:15am
Quoting seesaw
So 127% is a magic number? Just curious at what you mean by a perfect retracement point
everyone loves magic ha
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,689
  • Jul 29, 2008 10:18am Jul 29, 2008 10:18am
Quoting FxApasionado
127% is a Fibonacci level, you can search in Google more about Fibonacci levels and why they work..


Sounds good! I will see if this holds...thank you.
  • #16,690
  • Jul 29, 2008 10:21am Jul 29, 2008 10:21am
Quoting finian204rea
thanks a lot
what of stop loss?
@ 5560 I would take a few pips from retracement from now and then downtrend should continue...

just my 2 cents...
what we see depends mainly on what we look for...
  • #16,691
  • Jul 29, 2008 10:25am Jul 29, 2008 10:25am
Quoting EurUsd
@ 5560 I would take a few pips from retracement from now and then downtrend should continue...

just my 2 cents...
from 1.5590 to maybe 1.6005?? 70% I say yes. I going in to it
  • #16,692
  • Jul 29, 2008 10:28am Jul 29, 2008 10:28am
Quoting FXCapitalist
1st off my techniques if you dont understand it dont trade it. its more complicated than it looks already on screen. I'm not looking to teach anyone either.

the 20 level said nothing of oversold. none of my levels tell you when to buy or sell. it tells you the state of the condition and what to look for not what to do.

cheers.
thnks,....
just waiting your forcase then
you re good
  • #16,693
  • Jul 29, 2008 10:29am Jul 29, 2008 10:29am
Quoting jbadoz
from 1.5590 to maybe 1.6005?? 70% I say yes. I going in to it
This makes no sense!! How do you reach 1.60 from now? Oil is dropping. the USD is getting stronger
  • #16,694
  • Jul 29, 2008 10:30am Jul 29, 2008 10:30am
Usually pairs rebound, at least a little bit, after such a sharp move has become stabilized. However, Dow is up, Nasdaq is up, S&P is up, and oil is down. Getting a retrace to a higher EURUSD right now may be harder than expected.

Completely flirting with support level right around 1.56 . Part of me thinks this has bottomed and will rise in the next day or so, but thats just my opinion. However... if lower... support DOES become resistance...... want to make a move but dont know which way to go. AHHH!!
  • #16,695
  • Jul 29, 2008 10:32am Jul 29, 2008 10:32am
Quoting kirana
thnks,....
just waiting your forcase then
you re good
nah im good for myself can be bad for everyone else. dont trade off me.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,696
  • Jul 29, 2008 10:32am Jul 29, 2008 10:32am
Quoting seesaw
This makes no sense!! How do you reach 1.60 from now? Oil is dropping. the USD is getting stronger
it's hard to know who posts on these public forums. for all you know, the poster could be working for one of the big shakers on forex market, and would want to seed psychological confusion! coz that's how market works.
  • #16,697
  • Jul 29, 2008 10:36am Jul 29, 2008 10:36am
Still out of forex!

Remember me!!

Beware longs, favour only when at 1.5549!
But If I was you guys will not buy any large lot for big long profit!
Longs only for 100 pips maximum!

1.50 is around the corner!

My levels to go long.
1.5549
1.5470
1.5286

I am still out of forex!

That's all folks!
  • #16,698
  • Jul 29, 2008 10:37am Jul 29, 2008 10:37am
Quoting seesaw
This makes no sense!! How do you reach 1.60 from now? Oil is dropping. the USD is getting stronger
The USD is getting stronger today, but what about tomorrow? USD/CHF can't reach new highs for 3 months. Highs were 1.06 then 1.055 and now 1.045, Sure oil is dropping like a rock, but I don't see the Euro at 1.52 , think why. If the USD was gaining on the EUR, wouldn't you see lower lows, and lower highs? You're free to speculate about what 'could' happen, but isn't it better to just see what's happening. I remember reaching 1.6 just a week or so ago.
  • #16,699
  • Jul 29, 2008 10:41am Jul 29, 2008 10:41am
somewhere down there. dont know yet
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,700
  • Jul 29, 2008 10:42am Jul 29, 2008 10:42am
from what I see.. the USD is getting stronger yes.. oil is dropping yes.. stocks are getting better.. also yes.. but will not "heavily" shorting this pair until the ECB cut the rate just my opinion
Money often costs too much...
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