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  • #4,061
  • Oct 6, 2008 10:22am Oct 6, 2008 10:22am
Quoting BillyRayValentine
Yup - I made my 50 pips and I think thats it for me. And THIS is why I'm not a fan of the US session - friendly reminders everyday lately it seems.
I'm not a fan of ANY session these days....

i'm also done for today..lets see tomorrow!

by folks!
  • #4,062
  • Oct 6, 2008 10:55am Oct 6, 2008 10:55am
http://money.cnn.com/2008/10/06/news...oans/index.htm

In case you were wondering what all the fuss was about....
.
  • #4,063
  • Oct 6, 2008 10:58am Oct 6, 2008 10:58am
How do I get MT4 to display the prices in addition to the levels when I draw a Fib?
Thanks.
  • #4,064
  • Oct 6, 2008 11:10am Oct 6, 2008 11:10am
right click on your fib trend line then Go into properties and Fib levels and enter like so:
38.2 - (%$)
50.0 - (%$)
Then you should get the display you want

cheers
  • #4,065
  • Oct 6, 2008 11:15am Oct 6, 2008 11:15am
Oh and if anyone is interested in Fibo clusters and fib timing clusters. PM me and Ill fill you in. I have a guy writing a programme to emulate the Dynamic trader 5 facility as per the Carolyn Boroden (Fibbo Queen) method of Identifying Fib Clusters.
I wont bore anyone with that stuff here as I'm new and I don't want to detract from this excellent thread.
  • #4,066
  • Oct 6, 2008 11:17am Oct 6, 2008 11:17am
Quoting PippinL
right click on your fib trend line then Go into properties and Fib levels and enter like so:
38.2 - (%$)
50.0 - (%$)
Then you should get the display you want
Thank you... that's exactly what I need. I'm really grateful.
  • #4,067
  • Oct 6, 2008 1:12pm Oct 6, 2008 1:12pm
I like the look of this potential area of support on EURUSD from 1.3250 to 1.3290, drawn from the daily time frame no less. Of course, if the market is making tracks like it was today than I'll keep out. This is no ordinary market, so some of the usual technical assumptions may not apply.
Attached Image (click to enlarge)
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  • #4,068
  • Oct 6, 2008 9:16pm Oct 6, 2008 9:16pm
Loving the 5min chart here . . . classic S&R Just tested 102.20 again. Watch it close around 101.30 and 102.20 a break on either means a solid movein either direction . I am leaning towards an upside move due to the fact that the level was not quickly rejected and as I am typing this I am seeing some consolidation (flag). . . . (cant tell if its a double bottom or a triple top.... lol) If it breaks to the top I am targeting 103. If it holds and moves down I am looking at a buy at 101.3 with a tight stop, if it breaks that level I'd move to a sell all the way back down to 100.3. . . and a buy at that level (Which would complete a double bottom) and take it to 103.00

DJI, S&P, Nasdaq futures all up in asian trading. . . . for what its worth

Too much time on my hands tonight!!

http://i34.tinypic.com/2ew2yo8.jpg
  • #4,069
  • Oct 6, 2008 9:24pm Oct 6, 2008 9:24pm
same here and i think more possible to break higher as 10220 was tested three time,also it's 38.2% RE of intraday high/low of yesterday,a break highe will see 10280-103 area
Quoting lemmingboiv2
Loving the 5min chart here . . . classic S&R Just tested 102.20 again. Watch it close around 101.30 and 102.20 a break on either. I am leaning towards an upside move due to the fact that the level was not quickly rejected and as I am typing this I am seeing some consolidation (flag). . . . (cant tell if its a double bottom or a triple top.... lol) If it breaks to the top I am targeting 103. If it holds and moves down I am looking at a buy at 101.3 with a tight stop, if it breaks that level I'd move to a sell all the way back down to 100.3. . . and a buy at that level (Which would complete a double bottom) and take it to 103.00

DJI, S&P, Nasdaq futures all up in asian trading. . . . for what its worth

Too much time on my hands tonight!!

http://i34.tinypic.com/2ew2yo8.jpg
  • #4,070
  • Edited 9:43pm Oct 6, 2008 9:32pm | Edited 9:43pm
Quoting moneybookers
same here and i think more possible to break higher as 10220 was tested three time,also it's 38.2% RE of intraday high/low of yesterday,a break highe will see 10280-103 area

And up up and Away we go...... Just broke it

EDIT: Interesting. . should have done more homework the 61.8 fib on that move from 103 to 100 is right smack there at 102.2 which puts the 50% range at 101.85. . . So the S MAY have popped up to 101.85..... very interesting
  • #4,071
  • Oct 6, 2008 9:42pm Oct 6, 2008 9:42pm
Quoting lemmingboiv2
And up up and Away we go...... Just broke it
seems no much follow-through,need euro/us to see the real direction
  • #4,072
  • Oct 6, 2008 9:47pm Oct 6, 2008 9:47pm
Quoting moneybookers
seems no much follow-through,need euro/us to see the real direction
Funny you should say that I was looking at that very pair and notice the pair is failing to make higher highs on the 5 min and tightening up in its range. . . looks like a move coming which way hopefully brv might provide some insight
  • #4,073
  • Oct 6, 2008 9:59pm Oct 6, 2008 9:59pm
Quoting lemmingboiv2
Funny you should say that I was looking at that very pair and notice the pair is failing to make higher highs on the 5 min and tightening up in its range. . . looks like a move coming which way hopefully brv might provide some insight
i mean need wait till euro us mkt open to tell,no clear break the level yet
  • #4,074
  • Oct 6, 2008 10:17pm Oct 6, 2008 10:17pm
Quoting lemmingboiv2
Funny you should say that I was looking at that very pair and notice the pair is failing to make higher highs on the 5 min and tightening up in its range. . . looks like a move coming which way hopefully brv might provide some insight
The USDCHF has hit 50% fib on weekly trend.... and it looks to have completed a 5 wave move up?
Attached Image (click to enlarge)
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  • #4,075
  • Oct 6, 2008 10:51pm Oct 6, 2008 10:51pm
Quoting moneybookers
same here and i think more possible to break higher as 10220 was tested three time,also it's 38.2% RE of intraday high/low of yesterday,a break highe will see 10280-103 area


Duffman says "Oh Yea!"

http://i36.tinypic.com/drfo29.png

Sold @ 103 for 83 pips
  • #4,076
  • Oct 7, 2008 12:12am Oct 7, 2008 12:12am
Not sure if anyone's metioned this already but 103.50(ish) is looking good for a sell, if price can reach there of course!
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  • #4,077
  • Oct 7, 2008 12:21am Oct 7, 2008 12:21am
Quoting bluesbrother
Not sure if anyone's metioned this already but 103.50(ish) is looking good for a sell, if price can reach there of course!
I was looking at this too, and I think maybe a 40 pip move back to .10 which is where I plan on buying back in. . . That is if jpy doesnt snake down to 102.2 again in which case I'll buy there

There is just too much confluence with fibo's and a "top" of the bottom of a cup at around 104.50-.82 to ignore the pull there

I am just too skittish to try a counter trend move right now. . . I'll forgo that bounce in order to stay on the "good" side of the move

That being said. . . . since I said it. . . . just watch the market make an ass out of me!
  • #4,078
  • Oct 7, 2008 12:28am Oct 7, 2008 12:28am
Uj was rejected at 10330(61.8% Re) and look for 10210/10220(38.RE) area to long
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  • #4,079
  • Oct 7, 2008 12:37am Oct 7, 2008 12:37am
.
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  • #4,080
  • Oct 7, 2008 2:18am Oct 7, 2008 2:18am
good morning all!

my tradingplan for today:

Buy eur/usd @ 1,3530-1,3540..target +40 or 1,3615
Buy eur/usd @ 1,3615 if level holds..target 1,3670

lets see!
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