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  • #29,621
  • Sep 12, 2008 2:23am Sep 12, 2008 2:23am
Quoting Forexviwer
EU Meeting resistance......1.41 in sight??
Do your homework and draw your TLs and you will know.
  • #29,622
  • Sep 12, 2008 2:27am Sep 12, 2008 2:27am
Quoting Vmv
Hi, i just wanted to ask you guys something. I am also in EST and that is the time i use on my charts. However, the daily candle closes at 12pm and then the next one starts. Right now its 11:15 here and i am still on Sep. 11th candle. How can i make the daily candle close at 5p.m EST? I use OANDA Platform, if that is any help.

Maybe its a stupid question, but i am still learning.

Thanks in advance!
I live in Europe mainland (Central Europe Time, CET) but all my trading charts are referenced to EST.
  • #29,623
  • Sep 12, 2008 2:28am Sep 12, 2008 2:28am
Quoting fx_lane
Price doesn't just change just like that. if the steem down is over then we'll hang out here quite a while. Remember it's friday you do not want the day to end while you are on the wrong side of the trade. Gaps? I've always been scared of them I always closed all my positions on friday 'cause you never know what happens during the weekend. Before price changes direction it usually creates w shape etc. But my 1H chart price is still below 55 EMA and on 15M which is scalping for me price is between 55 EMA and 200 EMA which is a range in most cases, one more thing I stay out during the Asian sessions I prefer the european and the US. We'll see where price action leads us during london.

May the pips be with you
What I meant before I left was what is shown on the picture below. But take note that on 15M chart "which is scalping for me" price has broken through the 55 EMA and 200 EMA which was acting as a tunnel during the Asian session. On the 1H chart on the other hand price is trading above 55 EMA is still not good evidence that we're going up but worth the risk.


Sorry still can't upload files don't know why.
All the best things in life are free.
  • #29,624
  • Sep 12, 2008 2:31am Sep 12, 2008 2:31am
i had just plotted on my chart a new wider down trending channel, connecting highs of 08/09 and todays current high.

this is not yet final as we are still to see what come next. 1.4100 may offer
stiff resistance coupled with 100SMA (1H)

we shall see....
There's a POT of GOLD at the END of the RAINBOW!!
  • #29,625
  • Edited 2:42am Sep 12, 2008 2:32am | Edited 2:42am
Quoting trading801
hmmm bro.. my current plan now is to play long term.. so my short positions.

1.4184 and 1.3960 are all SL @ 1.42

so i am just holding out.. but am really surprised what is causing this long as after all, the news wasnt that bad...

both sides had their fair share of bad news... unless lots of traders are longing in anticipation of the apparently bad retail sales for US news later...

then i may be one of the most unlucky boat around! shorting at the end of the medium trend sigh
Oh bro I would like to give you a better message, but things changed, middle of the day my time there was a H$S that was in play, another thing that made me to go long was a pan or however that is called in english (it's a round thingy) in 4H line chart, both are reversal pattern and they have been very clear to see.
I have a strange feeling that we are in a middle strong retracement.
I hope you tigned the seatbelt.

Don't leave this thread never please!

BTW, I don't want to say close your shorts, you are the only one that knows, be sure that your MM allows you to trade your call!!!
  • #29,626
  • Sep 12, 2008 2:34am Sep 12, 2008 2:34am
weekly support1 must be interesting..
  • #29,627
  • Sep 12, 2008 2:49am Sep 12, 2008 2:49am
wow how wonderful it is to have a speculation in forex and then you come the next day seeing that you speculations were all right and then when you set your take profit even so high, the market still hits all of it.
so wonderful


just my 200 pips
  • #29,628
  • Sep 12, 2008 2:50am Sep 12, 2008 2:50am
Quoting trading801
hmmm bro.. my current plan now is to play long term.. so my short positions.

1.4184 and 1.3960 are all SL @ 1.42

so i am just holding out.. but am really surprised what is causing this long as after all, the news wasnt that bad...

both sides had their fair share of bad news... unless lots of traders are longing in anticipation of the apparently bad retail sales for US news later...

then i may be one of the most unlucky boat around! shorting at the end of the medium trend sigh
I am with you & let the anticipated spikes Up Up till break again to have more more shorts to work.
No the news were bad enough for few hundreds retracents instantly but it did not and time to react & stil not over .

just copy pasting my own post quotes elsewhere early in the morning "
Quoting fontu
I see the market is set for some more ups for now now as I see the indicators & fundamentals , how decide for shorts Ashok ? Anyway shorts will not do any harm if no sl.& ac in good shape .
there are very bad news from US today:
Lehman shares slide further as survival prospects dim
9/11/2008 5:32:00 PM
very carefull when it comes in news
US trade deficit rises to $62.2 bln in July
9/11/2008 4:21:00 PM
and some good news too
Oil prices slide to six-month lows under 98 dollars
9/11/2008 2:40:00 PM
European stocks tumble amid weak global economy
9/11/2008 4:21:00 PM

EU finance chiefs brace for recession fight
Date: 9/11/2008 10:30:00 PM

fontu
Quoting fontu
Great decision ! specially this mad friday & they will surely so.
Just seeing the charts , they pose for major UP today ? till end? or big up followed by big down?
Fundamentals support this action too .little shaky with shorts .
http://www.gogetin.info/eu129.gif

http://www.gogetin.info/gu129.gif
fontu

waiting for the end of Ups ( good for my few trades still from gustav scam ,so more 400pips up will do erase then without loss,possible????No No No in few years ) .

Any confirm break please call man , I to clear my old longs with minimum losses.

take care
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #29,629
  • Sep 12, 2008 2:50am Sep 12, 2008 2:50am
Quoting finian204rea
wow how wonderful it is to have a speculation in forex and then you come the next day seeing that you speculations were all right and then when you set your take profit even so high, the market still hits all of it.
so wonderful


just my 200 pips
That is a great feeling indeed.

That's why I prefer longer term trades.

Still, today I'm trying my hand at scalping I made $2.00 5 minutes ago on a long
edit: just made another $5, so $7 total! Not bad for 10 minutes!
Do you think the karate kid knows kung-fu?
  • #29,630
  • Sep 12, 2008 2:54am Sep 12, 2008 2:54am
Commodities are in positive today. Stocks too.

I holded one long position on EUR/USD yesterday and closed it before Tokio session.
Now I see that this morning I had also good opportunity to enter again that I missed.
Now the EUR could go up above 1.41 but for me it is to late to enter now.

The NY session have scheduled some important news.
Probably there could be some movement.

I am now on the sideline and watch.
I am little bearish biased for the NY session.
  • #29,631
  • Sep 12, 2008 3:04am Sep 12, 2008 3:04am
Quoting Forexviwer
Never let anyone distract you, continue what you wish to do.
lol i am...starting with this....if we break 38.2 weekly fibs we should reach 1.4150 easy
Attached Image (click to enlarge)
Click to Enlarge Name: test3.gif Size: 36 KB
Different opinions highly valued, ignorant to slander.
  • #29,632
  • Sep 12, 2008 3:09am Sep 12, 2008 3:09am
Quoting fontu
I am with you & let the anticipated spikes Up Up till break again to have more more shorts to work.
No the news were bad enough for few hundreds retracents instantly but it did not and time to react & stil not over .

just copy pasting my own post quotes elsewhere early in the morning "

waiting for the end of Ups ( good for my few trades still from gustav scam ,so more 400pips up will do erase then without loss,possible????No No No in few years ) .

Any confirm break please call man , I to clear my old longs with minimum losses.

take care
fontu

so to summarise, you are saying that its a temp retracement and it should go down soon?
  • #29,633
  • Sep 12, 2008 3:11am Sep 12, 2008 3:11am
Thanks.
EU yoyo style....breaks 1.41 anytime soon.



Quoting cobraforex
very informative post, would like to learn more from you.
Trade with caution set your stops & limits.
  • #29,634
  • Sep 12, 2008 3:13am Sep 12, 2008 3:13am
Ole Breakout second time!!!! now we head 1.4150 can?

Quoting Forexviwer
Thanks.
EU yoyo style....breaks 1.41 anytime soon.
Trade with caution set your stops & limits.
  • #29,635
  • Sep 12, 2008 3:17am Sep 12, 2008 3:17am
Quoting psiholog
lol i am...starting with this....if we break 38.2 weekly fibs we should reach 1.4150 easyAttachment

Great stuff psiholog
  • #29,636
  • Sep 12, 2008 3:17am Sep 12, 2008 3:17am
wow i never thought this euro would push the dollar so high, i should have set my take profit greedingly high.


just my 200 pips
  • #29,637
  • Sep 12, 2008 3:18am Sep 12, 2008 3:18am
seems bulls are strong today...bearish EU may be over..
  • #29,638
  • Sep 12, 2008 3:20am Sep 12, 2008 3:20am
Quoting akirax
seems bulls are strong today...bearish EU may be over..
not necessarily...its not even close to breaking upper trendline of the downward move that started at 1.48...well see if it breaks 1.4225...only then maybe
Different opinions highly valued, ignorant to slander.
  • #29,639
  • Sep 12, 2008 3:27am Sep 12, 2008 3:27am
Quoting psiholog
not necessarily...its not even close to breaking upper trendline of the downward move that started at 1.48...well see if it breaks 1.4225...only then maybe
good observation.
  • #29,640
  • Sep 12, 2008 3:29am Sep 12, 2008 3:29am
Quoting trading801
so to summarise, you are saying that its a temp retracement and it should go down soon?
I think so very strongly , may not end this week though if US news also come negative .

no trades till they ( shorts ) settle again.

let it go much up up.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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