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  • #31,761
  • Sep 18, 2008 10:15am Sep 18, 2008 10:15am
btw here are all major intersecting trendlines and 23.6% on the larger timeframes which are so crucial

Attached Image (click to enlarge)
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i hope my earlier comment "if we break 14400 again we will see massive bull run" makes sense now
Different opinions highly valued, ignorant to slander.
  • #31,762
  • Sep 18, 2008 10:17am Sep 18, 2008 10:17am
i will short eu soon from 14440-14450 level
  • #31,763
  • Sep 18, 2008 10:18am Sep 18, 2008 10:18am
Quoting sdapastor
long from 1.4388 and this has been the most nerve wracking hour of my week and even month but finally getting some breathing room. whewwww...
there went the breathing room
  • #31,764
  • Sep 18, 2008 10:19am Sep 18, 2008 10:19am
Quoting 5ysfx
i will short eu soon from 14440-14450 level
glad to see you so that I can apologize. yesterday you were correct and I was wrong. good job. why will you short? what are you thinking?
  • #31,765
  • Sep 18, 2008 10:20am Sep 18, 2008 10:20am
Not a good time to trade. I guess its going up after this little fight.
They think they are smarter than I am.
  • #31,766
  • Sep 18, 2008 10:21am Sep 18, 2008 10:21am
Quoting kstorm88
there went the breathing room
still ....holding .....my...... breath......
  • #31,767
  • Sep 18, 2008 10:23am Sep 18, 2008 10:23am
But I am out!
Possible retrace to 1.4344, if breaks this level fast enough and soon, beware all longs.
  • #31,768
  • Sep 18, 2008 10:26am Sep 18, 2008 10:26am
well, this is a bad time to try to trade... i'm getting to the point where i'm looking at a point to trade instead of letting the price tell me when. i'm out of control. lol time for a shower break, then off to work where i can contuniue trading lol! i get paid to trade! i'm horrible.
  • #31,769
  • Sep 18, 2008 10:29am Sep 18, 2008 10:29am
heres an even better chart of how crucial that 23.6% is combined with those trendlines...clearly this can go either way...no time to be in a trade!
Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 32 KB
Different opinions highly valued, ignorant to slander.
  • #31,770
  • Sep 18, 2008 10:32am Sep 18, 2008 10:32am
Quoting 5ysfx
i will short eu soon from 14440-14450 level
These moves smell bearish to me but also too early to enter for my opinion

Wanna see R1 broken
  • #31,771
  • Sep 18, 2008 10:32am Sep 18, 2008 10:32am
Quoting psiholog
i never thought id do this again but i currently am trading without stop loss on a small position..it is -80 in the red right now
lol If it's really small then you shouldn't worry to much, even if it reaches 1.39 again it will finish the year in mid 1.4s. Bankers knew it all along, even when we reached 1.6 the first time. Still better to close and reopen lower if it goes much more down now.
On the path to Enrichment.
  • #31,772
  • Sep 18, 2008 10:33am Sep 18, 2008 10:33am
To me it looks like a double top chart pattern. This suggests that it will go down. When you look at the 1hr and the 4hr chart, you can see that it tends down.
  • #31,773
  • Sep 18, 2008 10:36am Sep 18, 2008 10:36am
Quoting DirkH143
To me it looks like a double top chart pattern. This suggests that it will go down. When you look at the 1hr and the 4hr chart, you can see that it tends down.
I see that, but one spike can send those charts to hell!
  • #31,774
  • Sep 18, 2008 10:36am Sep 18, 2008 10:36am
Quoting sdapastor
glad to see you so that I can apologize. yesterday you were correct and I was wrong. good job. why will you short? what are you thinking?
no hard feelings
these days when market is ranging with such big volatility everyone could take wrong decision, Thats beauty of FX market.


this is what i see
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  • #31,775
  • Edited 10:51am Sep 18, 2008 10:39am | Edited 10:51am
Quoting DirkH143
To me it looks like a double top chart pattern. This suggests that it will go down. When you look at the 1hr and the 4hr chart, you can see that it tends down.
I'll go in after 12pm EST after london closes. Hopefully a reversal candle or a twezzer could set things up again

You know what I think about this. I think the bankers saw this forums and pit again us since they know that we know that we are biasing up so they clear our stop losses and play us like a bird in the hand.
Forex Price Action Hacked - Price Action Rockstar
  • #31,776
  • Sep 18, 2008 10:48am Sep 18, 2008 10:48am
feds add another 50billion dollars ...comon bull rally
Different opinions highly valued, ignorant to slander.
  • #31,777
  • Sep 18, 2008 10:51am Sep 18, 2008 10:51am
Quoting psiholog
feds add another 50billion dollars ...comon bull rally
you mean bear!
  • #31,778
  • Sep 18, 2008 10:54am Sep 18, 2008 10:54am
Quoting sdapastor
you mean bear!
I guess so

Update: still too early to enter a trade
  • #31,779
  • Sep 18, 2008 10:59am Sep 18, 2008 10:59am
sooner or later
Attached Image
  • #31,780
  • Sep 18, 2008 11:06am Sep 18, 2008 11:06am
Hi All,

Can double confirm with you guys.... I saw a inverted H&S on 4 hrs and daily chart. Can someone confirm it??

Regards
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