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  • #17,621
  • Aug 4, 2008 1:10pm Aug 4, 2008 1:10pm
Quoting Jurrasic
The way it looks now, I'm dropping the bull view, at this time euro looks smoked. But of course let's wait for 55 to confirm.
That's for sure .....
  • #17,622
  • Aug 4, 2008 1:19pm Aug 4, 2008 1:19pm
My EU analysis, based on Clouds Theory. 2 Options as you can see, but not before we see 5900 a couple times.
Attached Image
  • #17,623
  • Aug 4, 2008 1:21pm Aug 4, 2008 1:21pm
Quoting MaZae
¿what makes you think that a rate cut is not only a rumour?
no believe until we see..

seesaw, i don't have more than one year trading (for real, not paper trading) but with my little experience i've noticed that rate changes doesn't fit with theory a 100% ...
this year i've been hit very hard and every single time with those rises in rates in aussie because i traded the news and not "my charts".

another thing i know is that gold (ninety-something% of correlation with aud) have a lot of room to fly and is holding strong at a weekly fib61.8 aprox. at 900.xx ... im still waiting for a nice bounce back to 1000


best trading wishes!
I'm a newbie too...well, relatively speaking. I am on sidelines until tomorrow.
  • #17,624
  • Aug 4, 2008 1:22pm Aug 4, 2008 1:22pm
Quoting akirax
i did at 5615...looking to close all out here at 5565 to lock profits
Did your tp level get hit? It went down pretty hard, but I was away so don't know how far down it went.
Expected the unexpected
  • #17,625
  • Aug 4, 2008 3:26pm Aug 4, 2008 3:26pm
Quoting cookthis12
We are stuck between 1.5583 and 1.5535. I am waiting on a candle to close above or below on 30min before my entry. Maybe this afternoon the market will wake up. Pic test too hope its not to big. Good luck.

Well today was fun. We did get a candle to close above.1.5583 this morning that took us for a ride up to the Weekly pivot and we did get a large scalp off of that back down to 1.5583. Not sure about the next 24hrs. I think untill we get a candle on H1 to close below last weeks low Longs should be good Buying the dips so to speak. I will stand aside for the FOMC crap tomorrow even though they are going to do nothing.The ECB press confrence on Thursday should be more of a market mover anyway. Good luck to all.
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  • #17,626
  • Aug 4, 2008 3:31pm Aug 4, 2008 3:31pm
If above 5520, then 5900 in sight
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  • #17,627
  • Aug 4, 2008 3:42pm Aug 4, 2008 3:42pm
Quoting Clouds
If above 5520, then 5900 in sight
Attachment
  • #17,628
  • Aug 4, 2008 3:46pm Aug 4, 2008 3:46pm
Quoting Clouds
If above 5520, then 5900 in sight
Attachment
Clouds, I'm kind of new to this. Why do you say "if above 5520, then 5900 in sight?" I didn't understand how you deduced that from the diamond shape. I know it's just my inexperience (as I've read your many posts), so I'd appreciate if you would explain.

Many thanks,
Up or down, gimme a ticket
  • #17,629
  • Aug 4, 2008 3:53pm Aug 4, 2008 3:53pm
Quoting SpecialEd
Clouds, I'm kind of new to this. Why do you say "if above 5520, then 5900 in sight?" I didn't understand how you deduced that from the diamond shape. I know it's just my inexperience (as I've read your many posts), so I'd appreciate if you would explain.

Many thanks,
Well, seems like we forming base around 5520 for now, and breakout should happen soon from diamond, and ALSO, if above 5520 then it can only go up right?
  • #17,630
  • Aug 4, 2008 4:02pm Aug 4, 2008 4:02pm
Quoting SpecialEd
Clouds, I'm kind of new to this. Why do you say "if above 5520, then 5900 in sight?" I didn't understand how you deduced that from the diamond shape. I know it's just my inexperience (as I've read your many posts), so I'd appreciate if you would explain.

Many thanks,
OK, now I understand. Makes sense - except in the past several days (if not weeks), we've seen a whole lot of narrow ranging.

Thanks for your reply, Clouds.
Up or down, gimme a ticket
  • #17,631
  • Aug 4, 2008 4:18pm Aug 4, 2008 4:18pm
Quoting SpecialEd
OK, now I understand. Makes sense - except in the past several days (if not weeks), we've seen a whole lot of narrow ranging.

Thanks for your reply, Clouds.
i think there has only been consolidation for the past few days, and can sometimes be good times to buy
  • #17,632
  • Aug 4, 2008 4:34pm Aug 4, 2008 4:34pm
Quoting Clouds
i think there has only been consolidation for the past few days, and can sometimes be good times to buy
yeah this is very true.its all consolidation and i strongly believe they would be a reversal today
  • #17,633
  • Aug 4, 2008 5:47pm Aug 4, 2008 5:47pm
Quoting finian204rea
yeah this is very true.its all consolidation and i strongly believe they would be a reversal today
I hope it takes off to the moon soon ...
  • #17,634
  • Aug 4, 2008 6:08pm Aug 4, 2008 6:08pm
Quoting Schminner
I hope it takes off to the moon soon ...
yeah i know so not that i am sure
  • #17,635
  • Aug 4, 2008 6:10pm Aug 4, 2008 6:10pm
where are we going from here? ideas about tomorrow's ranges?
  • #17,636
  • Aug 4, 2008 6:45pm Aug 4, 2008 6:45pm
Hey fella's, that earlier post between JqrB & Shadow was a crack up

I'm still long, I was taken out in profit by my trailing stop last night but I'm back in now, we still haven't breached that daily trend but I must say I'm not quite as confident as I was yesterday.....

I'll wait n see how it pans out
  • #17,637
  • Aug 4, 2008 6:47pm Aug 4, 2008 6:47pm
Quoting Pennypacker
where are we going from here? ideas about tomorrow's ranges?
1.5515 to 1.5690
  • #17,638
  • Aug 4, 2008 7:36pm Aug 4, 2008 7:36pm
Looks like the EURO is taking another dive again ...
  • #17,639
  • Aug 4, 2008 7:37pm Aug 4, 2008 7:37pm
Here's some great analysis from a top notch fund manager, for those that
may not have seen it. http://www.forexfactory.com/showthre...71#post2145971
You would be surprised the caliber of traders that stand in the shadows on this site.
  • #17,640
  • Edited 8:02pm Aug 4, 2008 8:01pm | Edited 8:02pm
Nice H&S pattern. It's not at the end of a bull run, thus not a 5 star. If it breaks the neckline, target will be 1.5336 ish (distance from top of head to neckline).
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