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  • #5,061
  • Aug 13, 2008 12:02pm Aug 13, 2008 12:02pm
Hehe. Eu has just broken above my Intraday Long. I am going nowhere near this psychotically deranged pair until it settles down a bit.
  • #5,062
  • Aug 13, 2008 12:14pm Aug 13, 2008 12:14pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting SteveHopwood
Hehe. Eu has just broken above my Intraday Long. I am going nowhere near this psychotically deranged pair until it settles down a bit.
Here's another perspective from 4 hr chart. I'm short on it right now. Been short since last night. Anyways I'll reverse my position with an opening above 1.4981 and will be targeting 5281 or sooner if my nerves can take it...lol. Or a candle closing below the lower trendline will be further confirmation for shorts targeting 1.4713 area.
Attached Image (click to enlarge)
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"Wishful thinking dies hard." Igor T.
  • #5,063
  • Aug 13, 2008 12:20pm Aug 13, 2008 12:20pm
Can any if you guys show me how you guys have your uptrendlong set up...?
In eur/usd

Thanks
  • #5,064
  • Aug 13, 2008 12:20pm Aug 13, 2008 12:20pm
The market seems to be extremely confused today, and price wont decide on anything.

The incredible momentum and price drop on USD pairs, and then the news today was negative for USD, so I guess buyers/sellers can't decide or just to evened up for anything big to happen, not to mention a huge s/r level that GU and EU are lying on.

Whats the best method for these kinds of things just stay away?

TheLegace.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #5,065
  • Aug 13, 2008 12:26pm Aug 13, 2008 12:26pm
Quoting Shermenator
Can any if you guys show me how you guys have your uptrendlong set up...?
In eur/usd

Thanks
I just noticed a very tiny uptrend so I adjusted my fibs, the price right now is hovering over the Intraday long, it look like Intraday long level is going to hold support at price.

TheLegace.

EDIT: well then again maybe not, its to early to know that yet, we'll have to wait for close atleast.

PS. Here is the pic if it helps ya out sherm.
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Click to Enlarge Name: 13.08.08.gbp.usd.gif Size: 18 KB
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #5,066
  • Aug 13, 2008 12:29pm Aug 13, 2008 12:29pm
Quoting TheLegace
I just noticed a very tiny uptrend so I adjusted my fibs, the price right now is hovering over the Intraday long, it look like Intraday long level is going to hold support at price.

TheLegace.

EDIT: well then again maybe not, its to early to know that yet, we'll have to wait for close atleast.

PS. Here is the pic if it helps ya out sherm.
Bud I am refering to the uptrendlong in the daily chart (hope you can let me know).....We broke the first 2 tears of support....as well as we hit the counter targets of the first tear...thats why price is pushing it up
  • #5,067
  • Aug 13, 2008 12:31pm Aug 13, 2008 12:31pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting Shermenator
Can any if you guys show me how you guys have your uptrendlong set up...?
In eur/usd

Thanks
I just have mine set-up simply like this for now. There's a fib level it's setting at right now: 23.6 but I'm not showing it. I can tell there's resistance turned support there anyways and if it bounces up then I'm expecting a test of the swing fib levels (or downtrend fib levels, however you want to name it). I figure if it does bounce up, then I can move the uptrend low and find a fib to fit it, but I kinda like it like this for now. Hopefully Bo approves.
Attached Image (click to enlarge)
Click to Enlarge Name: august 13th weekly.jpg Size: 135 KB
"Wishful thinking dies hard." Igor T.
  • #5,068
  • Aug 13, 2008 12:38pm Aug 13, 2008 12:38pm
Take a look at my daily chart...I am pulling my uptrendlong to next tear of support....The reason I am doing this is because price is not close to the main tear of support and sets no purpose at this point...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 26 KB


Let me know if this is the correct next tear of support since price has to test different tears before getting to the main tear...
  • #5,069
  • Aug 13, 2008 12:55pm Aug 13, 2008 12:55pm
Quoting Shermenator
Can any if you guys show me how you guys have your uptrendlong set up...?
In eur/usd

Thanks
Ive got mine here until we break from these target ranges
Attached Image (click to enlarge)
Click to Enlarge Name: eurodaily.gif Size: 27 KB
  • #5,070
  • Aug 13, 2008 1:00pm Aug 13, 2008 1:00pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting Bobokus
Ive got mine here until we break from these target ranges
Oops. Should've noticed that one. Thanks dear sir.
"Wishful thinking dies hard." Igor T.
  • #5,071
  • Aug 13, 2008 1:01pm Aug 13, 2008 1:01pm
help is your target range 149.39-149.90
  • #5,072
  • Aug 13, 2008 1:01pm Aug 13, 2008 1:01pm
If they are done with it now these will be the Major resistance points in its path
Attached Image (click to enlarge)
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  • #5,073
  • Aug 13, 2008 1:03pm Aug 13, 2008 1:03pm
Quoting Bobokus
Ive got mine here until we break from these target ranges

I have that fibb myself....Bo if price drops anothore couple of pips what would be the next place you would move it 2....thanks Bo
Refering to the uptrendlong...?
  • #5,074
  • Aug 13, 2008 1:10pm Aug 13, 2008 1:10pm
Now the question is will the euro continue to pick up buyers ?
Attached Image(s) (click to enlarge)
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  • #5,075
  • Aug 13, 2008 1:15pm Aug 13, 2008 1:15pm
Quoting pip mom
help is your target range 149.39-149.90
Euro was at 1.4996 T1 and 1.4819 T2, but both have been met now and the question is are the CB's done now and will it pick up buyers yet ?
  • #5,076
  • Aug 13, 2008 1:23pm Aug 13, 2008 1:23pm
Eu has dived up and down like a skyscraper elevator in the rush-hour, yet the price is only about 40 pips or so higher than it was when the market opened.

  • #5,077
  • Aug 13, 2008 1:28pm Aug 13, 2008 1:28pm
Quoting Shermenator
I have that fibb myself....Bo if price drops anothore couple of pips what would be the next place you would move it 2....thanks Bo
Refering to the uptrendlong...?
Its the same as the process we looked at with Cable a few pages ago.
Attached Image(s) (click to enlarge)
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  • #5,078
  • Aug 13, 2008 1:31pm Aug 13, 2008 1:31pm
Quoting SteveHopwood
Eu has dived up and down like a skyscraper elevator in the rush-hour, yet the price is only about 40 pips or so higher than it was when the market opened.

Its too late in the day now to try and take a position on it, best bet is wait till London session and see which way they try to push it then.
  • #5,079
  • Aug 13, 2008 1:40pm Aug 13, 2008 1:40pm
Hi Bo,

It really look decent but the candle that break intraday T1 is the same that get to our intraday T2 today, And its usually happen like that most time on GBP/USD, like i understand the Fibs. tools, the rule i always follow is: i'll wait for the candle to finish forming before i place the trade, so what do u think i can do when it happens like this next time, check this screenshot, hope to read from you soon
thanks

From Honeyboyfx
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  • #5,080
  • Aug 13, 2008 1:47pm Aug 13, 2008 1:47pm
Quoting Bobokus
Its the same as the process we looked at with Cable a few pages ago.

Bobokus this post is priceless....!!!!! This was the onlything bothering me in my head....
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