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  • #34,501
  • Sep 26, 2008 3:05am Sep 26, 2008 3:05am
possible sinario to todays play!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd.technical.2.jpg Size: 239 KB
  • #34,502
  • Sep 26, 2008 3:09am Sep 26, 2008 3:09am
Quoting Jaded Inc
possible sinario to todays play!

Hey, I only see two arrows.....one up and one down. What happened to -->?

Well, you have reduced the number of guesses, anyway!

(just funnin`)
  • #34,503
  • Sep 26, 2008 3:10am Sep 26, 2008 3:10am
Alternative to stay on track and hit bottom trendline. This support area though, may need some addisional recruits to get passed it. So a move to the top trendline to gather more troups for a massive attack isn't out of the question.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.technical.3.jpg Size: 238 KB
  • #34,504
  • Sep 26, 2008 3:19am Sep 26, 2008 3:19am
Listen guys bare with me. Not familiar to forum sites yet. Have been trading for four years now and professionally since January this year. Trying to show with charts that this move should go down and there are 2 possible ways of doing it. Get down there now or make a move up to gain momentum for it. Ofcourse with the move up momentum can gain in that direction and a breakout from the top trendline also possible. notice that i keep saying possible lol. My limited understanding of the markets tells me this. i have my structure and scenarios and each main landing area tops and bottom trendlines converging with s&r's so on and so forth i gage my entry and direction by what the price action does. Does that make sence to anyone..lol
  • #34,505
  • Sep 26, 2008 3:25am Sep 26, 2008 3:25am
Quoting Jaded Inc
Alternative to stay on track and hit bottom trendline. This support area though, may need some addisional recruits to get passed it. So a move to the top trendline to gather more troups for a massive attack isn't out of the question.

I don't know......you have a lot of lines there. Maybe they'll throw that net, or spyder web or whatever the dickens it is, out from right where they are to catch recruits!
  • #34,506
  • Sep 26, 2008 3:31am Sep 26, 2008 3:31am
The attached M30 chart shows the price just broke support. Not by much, but broke it nevertheless. This is like a soap opera...... Are we in for a "DIVE, DIVE, DIVE!" script for the rest of this session? Or, are we being head faked?
Attached Image (click to enlarge)
Click to Enlarge Name: eurodollar m30 -d.gif Size: 47 KB
  • #34,507
  • Sep 26, 2008 3:38am Sep 26, 2008 3:38am
Quoting traderathome
The attached M30 chart shows the price just broke support. Not by much, but broke it nevertheless. This is like a soap opera...... Are we in for a "DIVE, DIVE, DIVE!" script for the rest of this session? Or, are we being head faked?
And ran straight into the next one just below! The low and trendline convergence form start of last move up.
  • #34,508
  • Sep 26, 2008 3:42am Sep 26, 2008 3:42am
Quoting Jaded Inc
And ran straight into the next one just below! The low and trendline convergence form start of last move up.
Ths session range is 123 and the 14 day average is about 241....about double. So, they could easily drop this another 100+ pips without stretching the ATR. But they could also easily pump it 200+ pips without stretching the ATR! Shall we place bets on their greed?
  • #34,509
  • Edited 4:00am Sep 26, 2008 3:46am | Edited 4:00am
well this wedge has remained intact but its so tricky...messin with my mind like some slutty college girl!..anyways...heres the current walls

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 42 KB


we may see 1.4500 today...


Edit: on this last move the upper wall just widened!...waiting for confirmation its not a break up and will post chart later
Different opinions highly valued, ignorant to slander.
  • #34,510
  • Sep 26, 2008 4:09am Sep 26, 2008 4:09am
on H1 it looks like triangle inside the channel:
Attached Image (click to enlarge)
Click to Enlarge Name: triangle.JPG Size: 72 KB
  • #34,511
  • Sep 26, 2008 4:13am Sep 26, 2008 4:13am
Quoting magictrader
on H1 it looks like triangle inside the channel:
very nice!...i lost track of the longer term picture thanks for bringing me back
Different opinions highly valued, ignorant to slander.
  • #34,512
  • Sep 26, 2008 4:43am Sep 26, 2008 4:43am
Guys what do you think of the Fed Funds Rate cut possibility? They say its almost 100%
  • #34,513
  • Sep 26, 2008 4:47am Sep 26, 2008 4:47am
That was very good and clear set up on EU:

But I don't trade it . Still learning, but set up was ok.
Attached Image (click to enlarge)
Click to Enlarge Name: clear.JPG Size: 93 KB
  • #34,514
  • Sep 26, 2008 4:55am Sep 26, 2008 4:55am
Attached M30 chart is looking more like this will break out to the upside......
Attached Image (click to enlarge)
Click to Enlarge Name: eurodollar m30 -e.gif Size: 51 KB
  • #34,515
  • Sep 26, 2008 4:58am Sep 26, 2008 4:58am
Quoting magictrader
on H1 it looks like triangle inside the channel:
Trying to break out of that triangle.
  • #34,516
  • Sep 26, 2008 5:01am Sep 26, 2008 5:01am
apparently the gdp data is making this pair go insane...ahh i have no gauge of the market sentiment right now...it appears bullish but is it really?
Different opinions highly valued, ignorant to slander.
  • #34,517
  • Sep 26, 2008 5:04am Sep 26, 2008 5:04am
was really hoping to avoid this area today.
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #34,518
  • Sep 26, 2008 5:09am Sep 26, 2008 5:09am
Quoting psiholog
apparently the gdp data is making this pair go insane...
That is why I'm starting like US session, less volatility and almost no news.
  • #34,519
  • Sep 26, 2008 5:12am Sep 26, 2008 5:12am
Quoting magictrader
That is why I'm starting like US session, less volatility and almost no news.
dont you mean more volatility...we just did a 180degree turnaround and from here it can either drop rapidly or gain rapidly...ah i guess its back to crazy fridays where nothing is clear
Different opinions highly valued, ignorant to slander.
  • #34,520
  • Sep 26, 2008 5:15am Sep 26, 2008 5:15am
Quoting magictrader
That is why I'm starting like US session, less volatility and almost no news.

Are you kidding???!!!!! Less volatility and almost no news???? The first friday of each month we get the NFP release, nortoriously the most market moving of them all!!!!!

Well, let me rephrase that. The Big Players may not know what the release(s) will say, but they already know what direction they are going to take the price......as they say, "There is sometimes reason to change the price, but more often an excuse to do so!" And the resultant huge moves....how important are they as related to releases? Hardly at all. Just look at how many times within a few days, if not a few hours, the prices are right where they were before the releases!!!!!!!!!!!
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