Technical view on a larger TF, this is what I have on my chart. It should go and test 4542 line again or if breaks should continue up to 46xx. Been long since 4163 and let see what happens.
GL guys
GL guys
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedThis just in: the Fed is considering a ban on shorting USD because the want a strong dollar.
P.S. Just kidding.Ignored
Dislikedthere is no bull...notice we are still in downtrend chanel...now if the upper wall gets broken..maybe and only then...
AttachmentIgnored
DislikedThat was no dream, that was just another “worthless”, like some traders say, H&S in 5min chart, believe me those have value, I trade them all the days.
Yesterday everybody made jokes about it, today it is repeated.
I post the ticket and the chart.Ignored
Dislikedlol i do it too....that retracement back to 1.4215....50% fib from last weeks low to this weeks high was perfect entry point to go long...and you are right 1m/5m even they help...i mean this downtrend channel is over 100 pips wideIgnored
Dislikedcare to let me know when you will log in everyday. reading your post enrich my knowledge.
btw 1.4252 seems great for a good resistance price been trying to break it for 4 times already. Could price gather some retracement and punch through that resistance.Ignored
DislikedAh! How lovely.
This administration ran a multi trillion dollar debt and sunk the economy into the ground. Then they oversaw Bear Stearn being bailed out before nationalizing Fannie, Freddie and AIG.
And now short selling is going to be forbidden.
I remember a country that was pretty big on nationalizing and forbidding things. However, it's been out of existence since that Gorbatchev guy listened to that Reagan fellow.
Maybe a new term should be coined to define a country that purport itself as being capitalist but is not. It will be a portmanteau of communism and capitalism. Communilism.Ignored
DislikedThis just in: the Fed is considering a ban on shorting USD because the want a strong dollar.
P.S. Just kidding.Ignored
Dislikedthere is no bull...notice we are still in downtrend chanel...now if the upper wall gets broken..maybe and only then...
AttachmentIgnored
Dislikedi suggest you use my charts only as somebody elses point of view...dont let anyone dictate your decisions...example last night...after first good bull run...it never crossed my mind we would see such a strong bear rally....others did...im good at what i do but im not right 100% of the time either...especially in these crazy markets... as far as 1.4250 goes....i hope your aware there are certain psychological values that are always hard to break unless there is a rally...the most common are .xx50 and .xx00Ignored
DislikedPSI, I noticed in your charts that you don't use Pivots, do you have any reasons for that?
For me it is the secong more important indicator after the candlesticks.
Just for curiosityIgnored
DislikedI use them to know where I may await resistance or support but it is may be more important for me because I trade short term.
I'm mec.Ing. and we use to say "don't repair a good running engine" so better stay on what you trade well.
Was only to know what you think about.
happy trading
I'm flat and tired.Ignored
QuoteDislikedSEC Chairman Christopher Cox said, “The Commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets. The emergency order temporarily banning short selling of financial stocks will restore equilibrium to markets. This action, which would not be necessary in a well-functioning market, is temporary in nature and part of the comprehensive set of steps being taken by the Federal Reserve, the Treasury, and the Congress.”
Today’s decisive SEC action calls a time-out to aggressive short selling in financial institution stocks, because of the essential link between their stock price and confidence in the institution. The Commission will continue to consider measures to address short selling concerns in other publicly traded companies.
Under normal market conditions, short selling contributes to price efficiency and adds liquidity to the markets. At present, it appears that unbridled short selling is contributing to the recent, sudden price declines in the securities of financial institutions unrelated to true price valuation. Financial institutions are particularly vulnerable to this crisis of confidence and panic selling because they depend on the confidence of their trading counterparties in the conduct of their core business.
Given the importance of confidence in financial markets, today’s action halts short selling in 799 financial institutions. The SEC’s emergency order, pursuant to its authority in Section 12(k)(2) of the Securities Exchange Act of 1934, will be immediately effective and will terminate at 11:59 p.m. ET on October 2, 2008. The Commission may extend the order beyond 10 days if it deems an extension necessary in the public interest and for the protection of investors, but will not extend the order for more than 30 calendar days in total duration. (etc....)