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EURUSD

  • #38,961
  • Oct 12, 2008 3:18pm Oct 12, 2008 3:18pm
see my chart
Attached Image (click to enlarge)
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  • #38,962
  • Oct 12, 2008 3:24pm Oct 12, 2008 3:24pm
Quoting Epipany
so...what do you say about the rapid drop happening right now?
"Damn it"
Some lucky ppl with brokers opening at 4pm have easy pips now.
  • #38,963
  • Oct 12, 2008 3:27pm Oct 12, 2008 3:27pm
Quoting BoredToLoose
Wrote yesterday
What’s the science of that and did you trade it?
If so, did you do it on your demo or live?

this was my bet but till open can happen a lot:
Attached Image
  • #38,964
  • Oct 12, 2008 3:32pm Oct 12, 2008 3:32pm
I'm thinking she's gonna run back up to 1.41 area before next leg down.
That is the 50.0 fib of last big fall and 161.8 extension of this last smaller run down.

The drop to 1.32 area was an exact 161.8 ext of the last small run up.

I'm long from 1.33x area and holding for 1.40.

I usually just scalp but lucked out being on the computer when she fell to 1.32 area on Friday and took a position hoping for a gap up, showing direction.

So, I'll scalp up and down but hold these 2 buys from the 1.33 area for a bit.
SL is at BE on them.

k
  • #38,965
  • Oct 12, 2008 3:33pm Oct 12, 2008 3:33pm
Quoting don.key
"Damn it"
Some lucky ppl with brokers opening at 4pm have easy pips now.
30 mins 'till my broker open. I can't wait to close my long position i opened last Friday and sell this pair for some easy money.
  • #38,966
  • Oct 12, 2008 3:35pm Oct 12, 2008 3:35pm
Quoting riskyachtar
see my chart
I saw it, and?
Would you like to give an explanation?
What is this predicton based on and what indi do you use, want to share?
Thanks in advance
  • #38,967
  • Oct 12, 2008 3:49pm Oct 12, 2008 3:49pm
in daily chart
must go up to -2/8 to 0/8
Attached Image (click to enlarge)
Click to Enlarge Name: adas.JPG Size: 198 KB
  • #38,968
  • Oct 12, 2008 3:52pm Oct 12, 2008 3:52pm
Quoting riskyachtar
in daily chart
must go up to -2/8 to 0/8
Wow,that's an interesting chart.
What indicator is that having value of -2/8 - 8/8?
Just curious.
  • #38,969
  • Oct 12, 2008 3:58pm Oct 12, 2008 3:58pm
Quoting FXObserver
30 mins 'till my broker open. I can't wait to close my long position i opened last Friday and sell this pair for some easy money.



Sell it ?? have noticed that last two weeks the gaps weren't closed easily at all...why do think it'll do now ? because of the downtrend ?
  • #38,970
  • Oct 12, 2008 3:59pm Oct 12, 2008 3:59pm
Quoting lumesh
Sell it ?? have noticed that last two weeks the gaps weren't closed easily at all...why do think it'll do now ? because of the downtrend ?
Does not have to close. It usually does fluctuate against the gap direction for 30-60 pips after opening.
  • #38,971
  • Oct 12, 2008 4:01pm Oct 12, 2008 4:01pm
Quoting FXObserver
Wow,that's an interesting chart.
What indicator is that having value of -2/8 - 8/8?
Just curious.
That is a murrey indi, here is a more simple one
Attached File(s)
File Type: mq4 Murrey_Math_Line_X_eng.mq4   13 KB | 399 downloads
  • #38,972
  • Oct 12, 2008 4:03pm Oct 12, 2008 4:03pm
Quoting riskyachtar
in daily chart
must go up to -2/8 to 0/8
what system/indicator is that ?
never mind....
  • #38,973
  • Oct 12, 2008 4:04pm Oct 12, 2008 4:04pm
Quoting FXObserver
Wow,that's an interesting chart.
What indicator is that having value of -2/8 - 8/8?
Just curious.
Those are Murry math lines. Do a search if you are interested
  • #38,974
  • Oct 12, 2008 4:07pm Oct 12, 2008 4:07pm
Quoting lumesh
Sell it ?? have noticed that last two weeks the gaps weren't closed easily at all...why do think it'll do now ? because of the downtrend ?
My broker just opened and close my long position last Friday from 1.3450 @ 1.3572 for a total of 122 pips. This is a good start for me.
Now, just sell from 1.3570 for 30 pips and it seems to be going well

Btw, thanks a lot Cobraforex and homestudy for the info.
I appreciate it.
  • #38,975
  • Oct 12, 2008 5:02pm Oct 12, 2008 5:02pm
The opening volume was practically nil, with a 250+ pip gap up! Figgin' Central Bank did that to force liquidations? It is a lesson to all to not be in a trade over the weekend. They can do a 500+ pip jump by printing the tape with a 1 minilot trade if they want to!
  • #38,976
  • Oct 12, 2008 5:08pm Oct 12, 2008 5:08pm
Quoting psiholog
all i can say about friday is wow. just pure wow. i dont think anyone has ever seen what happened before...not so close to market close. just pure wow.
i did meet my goal (barely by breaking mm, not good at all) so i am taking a break this sunday

i will let the chart do the talking of how i see things now...its pretty self-explanatory just note that in electronic trading the pair is already at 1.3518
we may see that 1.38 sunday or monday...even 1.400(61.8fib on last move down) is a possibility now without entering bull market. this fast moving market is in sync with the us stock market...its amazing...the wild swings...the wild reversals...the inconclusive breakouts (like that retest of the last major downtrend twice)

anyways...to all who profited on friday congrats to you. to those who lost..dont feel bad a lot of people got burned and thats what this market is designed to do. to those who stayed out or missed the action...consider yourself grateful because it was a huge gamble just to be in the market as shown by the action in the last 3 hours..200pips down..150pips up..insane

the chart itself shows we are now much more likely to retrace for a while then continue down (as acumen pointed out we tapped the 61.8% fib retracement from low in 2005)..still...anything is possible with this volatility

Attachment
this is market open compared to friday close for ibfx. very funny....already 23.6% retracement from last big move down and hit the upper wall of the current downwards wedge...a break of that wedge creates room for retracement to 38.2% or a bounce off the upper wall=filling in the gap. personally im sitting on the sidelines this sunday...good pippin all

note that most lines are drawn based on 1h chart thats why they look a little off

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Different opinions highly valued, ignorant to slander.
  • #38,977
  • Oct 12, 2008 5:37pm Oct 12, 2008 5:37pm
float indicator confirm to UP
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  • #38,978
  • Oct 12, 2008 5:47pm Oct 12, 2008 5:47pm
Quoting cobraforex
What’s the science of that and did you trade it?
If so, did you do it on your demo or live?

this was my bet but till open can happen a lot:
...1.3407 TP 1.3520.
  • #38,979
  • Oct 12, 2008 5:50pm Oct 12, 2008 5:50pm
TDI say UP
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  • #38,980
  • Oct 12, 2008 6:03pm Oct 12, 2008 6:03pm
Quoting BoredToLoose
...1.3407 TP 1.3520.
Well done,
I chickened my positions out as well, too much money on the chart for a scalper, I din't have fixed TP but closed @ 570.
I will wait until NY open to start trading again.
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