Guys, I stated on 17.07.08, I will NEVER ever forget, when I
see a hammer above the ichimoku cloud (and also rejected from ema150).
I mean: money. BIG money.
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Dislikedhey lilmoe, don't you think we will have a %100 fib retrace before up?
I agree with you that cci is OS but cci can stay under -100 level for a long time.
Because of the way GU is moving down so seroiusly right now and as I don't see any bounce or divergence yet in highr TF's, I believe we will see 1.9350 - 70 area before GU resumes it's uptrend again.
This will push GJ down to 209 levels or so and I think if UJ contributes they will push it to lower levels.
Right now I'm waiting for Fed to see what they will do to this ...Ignored
DislikedI have to say it's is little bit strange for me to hear this from you and Q.
Q said GJ is OverSold. I see that trend line on daily chart too and I know it is a tough sup but sitting on a trend line doesn't mean to me it is OS.
I said that based on indicators like Stochastic and CCI. It has plenty of room to go down as a matter of not being OverSold because I see CCI is leaving level 100 to the down side after such a clear bearish divergence.
In fact it is exiting Overbought area to start it journey down as shown on daily chart.
JMVHOIgnored
DislikedMe too
But my target is more than 500 pip with ( S L )under the yellow line
good lucks fore all
regards
khalid
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DislikedEU will touch 1.5420/30's and lower (1.5399 area) shortly so it's been a sell on any rallies, the same with GU, these two pairs are headed for the crapper. . . Wouldn't try longing them as they have broken thru some significant support and look to continue south my friend. . .
with gas prices falling and $ strength, EU/GU will be short trades for me until I see them get back above significant support - EASY $$$$$!Ignored
DislikedI have to say it's is little bit strange for me to hear this from you and Q.
Q said GJ is OverSold. I see that trend line on daily chart too and I know it is a tough sup but sitting on a trend line doesn't mean to me it is OS.
I said that based on indicators like Stochastic and CCI. It has plenty of room to go down as a matter of not being OverSold because I see CCI is leaving level 100 to the down side after such a clear bearish divergence.
In fact it is exiting Overbought area to start it journey down as shown on daily chart.
JMVHOIgnored
Disliked
Guys, I stated on 17.07.08, I will NEVER ever forget, when I
see a hammer above the ichimoku cloud (and also rejected from ema150).
I mean: money. BIG money.
Ignored
Dislikedlook at this picture. it shows a hidden bullish divergence on h4, which as you know it is a continuation pattern.
so unless we see the daily trend line broken, we must assume the trend is intact and buy dips.Ignored
DislikedI have to say it's is little bit strange for me to hear this from you and Q.
Q said GJ is OverSold. I see that trend line on daily chart too and I know it is a tough sup but sitting on a trend line doesn't mean to me it is OS.
I said that based on indicators like Stochastic and CCI. It has plenty of room to go down as a matter of not being OverSold because I see CCI is leaving level 100 to the down side after such a clear bearish divergence.
In fact it is exiting Overbought area to start it journey down as shown on daily chart.
JMVHOIgnored
Dislikedwe may be looking at a correction but it won't last, the highest it may go and that's a big if is another 100 pips or so. The downtrend must play itself out before a reversal. I'm still betting on a sell to atleast the lower parts of today's move.
Good LuckIgnored
Dislikeda hammer above a few serious resistances (ichimoku cloud, ema150, fib confluence) at the end of a downtrend:
http://www.candlesticker.com/Cs18.asp
I owe you a beer, if I`am not right
Never ever forget this setup.Ignored
DislikedIt is as quoted from that link: "The reliability of Bullish Hammer Pattern is low."Ignored
Dislikedyep, it is low but look bak in time on your daily chart, when you see a hammer abvoe a resistance, what happend.
Oh, btw, i could be wrong, itīs still forex
But look how the discussion will develop
in the next 8-12 hours... I`am of to another thread an then
Happy trading all.Ignored
DislikedI tend not to agree on this. Fed is not hawkish enough. Market has priced in at least 25 bps hike or more for EU to trade down to current level. Thus, with Fed rate stays the same, we would see a lot of shorts covering coming in the next sessions. I am looking to 1.57xx before slowing it down .. imo ..Ignored
DislikedBears vs Bulls...Whoos gonna win? Price now touched the descending channels UTL and looks like it wants to bounce south, but the tentative rising/ascending TL still holds the price inside this downtrend channel. Im on the sideline untill i see a clear break.Ignored