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  • #681
  • Sep 16, 2008 3:56am Sep 16, 2008 3:56am
Quoting Forex007
If someone analysed the latest H1 E/U chart:

Are we now heading down (having "taken out" 610 from the prev. move up), or are we still moving up (and are just getting ready for 987)?
Since retracing back to the 233 FZ at yesterdays low price stalled at the 61.8% retracement of the fall from the 610 FZ and actually pulled back 61.8% of its bounce!

Now since the Frankfurt OPen its been sideways in a 65 pip range awaiting the data due in 5 mins.

The last 2 hourly bars have had high volume, with little movement, so IF this has been accumulationthe breakout of the range should be strong....
Trading Levels with WRBs
  • #682
  • Sep 16, 2008 4:17am Sep 16, 2008 4:17am
I don't know if someone else but me is watching this pair - it seems to me like a respect of the 61.8 fib retracemnt of the last move , what do you guys think ?
Attached Image (click to enlarge)
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  • #683
  • Sep 16, 2008 5:03am Sep 16, 2008 5:03am
Quoting Islander
Since retracing back to the 233 FZ at yesterdays low price stalled at the 61.8% retracement of the fall from the 610 FZ and actually pulled back 61.8% of its bounce!

Now since the Frankfurt OPen its been sideways in a 65 pip range awaiting the data due in 5 mins.

The last 2 hourly bars have had high volume, with little movement, so IF this has been accumulationthe breakout of the range should be strong....
Look like this up move has ended prematurely and now going to the original south direction. Wonder if it will move down to the 2584 FZ since the peak at 1.6x level.
  • #684
  • Sep 16, 2008 5:11am Sep 16, 2008 5:11am
Quoting DOVOFreak
Look like this up move has ended prematurely and now going to the original south direction. Wonder if it will move down to the 2584 FZ since the peak at 1.6x level.
Not necessary, there is still some big news to come today. I think the market will hang around until then and then we can see where the breakout will be.
  • #685
  • Sep 16, 2008 5:14am Sep 16, 2008 5:14am
IMO EURUSD complet the up trend, and now going short.

have a look

Sergio
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  • #686
  • Sep 16, 2008 6:54am Sep 16, 2008 6:54am
Quoting Sergio
IMO EURUSD complet the up trend, and now going short.

have a look

Sergio
Yes that looks like a short, and also this looks like a long..... the joys of trading..... for every technical reason to go long, there is another technical reason to go short. Looking forward to what Mouteki's fundamental section will teach us.

Dean.
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perception is reality
  • #687
  • Sep 16, 2008 7:06am Sep 16, 2008 7:06am
Quoting deanz
Yes that looks like a short, and also this looks like a long..... the joys of trading..... for every technical reason to go long, there is another technical reason to go short. Looking forward to what Mouteki's fundamental section will teach us.

Dean.
There's loads of data - i.e. fundementals - coming out today and that's in addition to all of the other financial news - like....

"Sept. 16 (Bloomberg) -- The cost of borrowing in dollars overnight more than doubled to the highest since 2001 amid speculation the collapse of Lehman Brothers Holdings Inc. may cause more financial institutions to fail."
Trading Levels with WRBs
  • #688
  • Sep 16, 2008 7:30am Sep 16, 2008 7:30am
what do you think about this pair , is there harmony ? and if there is , is it a good place to short it ?

thanks.
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  • #689
  • Sep 16, 2008 7:46am Sep 16, 2008 7:46am
Quoting jonnyasmith
Not necessary, there is still some big news to come today. I think the market will hang around until then and then we can see where the breakout will be.
So, if it breaks UP, then it should go to the next (upwards) FZ (987). And if it breaks down (unlikely with AIG added to the US financial/Wall Street woes), then it could - potentially - do the South FZ610. Let's see what happens...

P.S. That's one of the aspects of Mouteki Fibo system that I like - it gives you at least some reference point as to your "current location" and "possible immediate/future destinations".
One Chart is Worth Ten Thousand Words.
  • #690
  • Edited 8:15am Sep 16, 2008 8:13am | Edited 8:15am
Quoting Barak's pip
I don't know if someone else but me is watching this pair - it seems to me like a respect of the 61.8 fib retracemnt of the last move , what do you guys think ?

I see the respect at the 61.8 % retracement level. Good for a long from what i see.
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  • #691
  • Sep 16, 2008 8:23am Sep 16, 2008 8:23am
Quoting Sergio
IMO EURUSD complet the up trend, and now going short.

have a look

Sergio
Well, the Euro has respected the 61.8 fib level, which also happened to be the 233 fib zone, so at least in my understanding of the method (which is far from perfect) the Euro should now continue upward and respect some of the extensions.
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  • #692
  • Edited 9:17am Sep 16, 2008 8:44am | Edited 9:17am
Hwd: "We drive the market not banks."

I'll have to disagree with you here. All the estimates I've seen say speculators are 3-5% of the market. If ALL of us got together and made a move together at the same time, the market would barely move.

If anyone is interested in this basic kind of stuff, here's some info.
  • #693
  • Sep 16, 2008 8:53am Sep 16, 2008 8:53am
Quoting Forex007
So, if it breaks UP, then it should go to the next (upwards) FZ (987). And if it breaks down (unlikely with AIG added to the US financial/Wall Street woes), then it could - potentially - do the South FZ610. Let's see what happens...

P.S. That's one of the aspects of Mouteki Fibo system that I like - it gives you at least some reference point as to your "current location" and "possible immediate/future destinations".
This is the way I am looking at it but the price is consolidating so I am waiting for the break. I have set 2 charts up looking at both directions so I can see where the price will be going to next.
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  • #694
  • Sep 16, 2008 9:50am Sep 16, 2008 9:50am
Quoting grAgol4
Hwd: "We drive the market not banks."

I'll have to disagree with you here. All the estimates I've seen say speculators are 3-5% of the market. If ALL of us got together and made a move together at the same time, the market would barely move.

If anyone is interested in this basic kind of stuff, here's some info.
I agree with the trillions of dollars that move though the markets every day retail couldn't touch that number. Unless of coarse I am the only one trading with less then 10000 lots here?

Jim
  • #695
  • Sep 16, 2008 10:01am Sep 16, 2008 10:01am
ok, this is my long term chart, IMO all fibos was respect. like Mouketi's method


sorry about my ingles
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  • #696
  • Sep 16, 2008 10:43am Sep 16, 2008 10:43am
Quoting jonnyasmith
I have set 2 charts up looking at both directions so I can see where the price will be going to next.
Ah, that's the way to do it - I was struggling to make sense of 2 OPPOSITE sets of Fibos on a single chart
One Chart is Worth Ten Thousand Words.
  • #697
  • Sep 16, 2008 1:52pm Sep 16, 2008 1:52pm
Is any one watching this currancy pair. It respected the 50.0% fib retracement and is now heading north. It should be heading to the 1597 fibo sequence level which is over a 600 pip move .
  • #698
  • Edited 9:15pm Sep 16, 2008 8:43pm | Edited 9:15pm
Quoting grAgol4
Hwd: "We drive the market not banks."

I'll have to disagree with you here. All the estimates I've seen say speculators are 3-5% of the market. If ALL of us got together and made a move together at the same time, the market would barely move.

If anyone is interested in this basic kind of stuff, here's some info.
Gr

I don't mind learning on a daily basis man, so thanks for the info on this "basic kind of stuff".

You are right, its somewhere in the 3% range. However, have you ever heard that no one can corner the market. If banks has such a huge part, the market can actually be cornered all they have to do is agree.

Remember Gr, sometimes things can't be too basic to learn.
  • #699
  • Sep 16, 2008 8:52pm Sep 16, 2008 8:52pm
I am very curious to see if Mouteki has changed his view of USDJPY, due to all the recent events happening in the financial markets.

Hope to see Mouteki back soon..
  • #700
  • Sep 16, 2008 11:33pm Sep 16, 2008 11:33pm
Hi all,

What do you think?

4 HR chart, and market respecting the Fib Zones/Sequences.

The start point of the Fib Retracements is not a stand out point on the daily or anything but the Fibs are being respected.

The first move (in yellow) respected the 38.2 Fib (to the pip) then proceeded down to take out the 610, which overlaps the FE 61.8, again to the pip.

As you can see it went all the way back to the 377 and 61.8 level (with great respect) and then fell south to 987 Fib sequence, again with great respect.

It has recently rebounded to the 610/38.2 level and looks to be heading south again.

Does anyone think 1597 is on the cards here?
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