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EURUSD

  • #39,721
  • Oct 16, 2008 11:56am Oct 16, 2008 11:56am
Quoting SunTrader
Also went as low as $68.575 so far today.
Not mentioning any names...
  • #39,722
  • Oct 16, 2008 12:01pm Oct 16, 2008 12:01pm
Quoting egkid
Good or bad data from us make the $ stronger, who can explain this!
EUR/GBP/AUD Falling while at the same time $$ getting stronger!!
$$=Vampire
Not what you believe.
  • #39,723
  • Oct 16, 2008 12:04pm Oct 16, 2008 12:04pm
Shampoo is almost done...i though will be on asian session..but its so quick....i am shorting....and no tp this time, just be .

Lets see who will clean who today

All wishes....
  • #39,724
  • Oct 16, 2008 12:24pm Oct 16, 2008 12:24pm
Let's see if can take off and fly away!
Circles=Strong Support!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 44 KB
  • #39,725
  • Oct 16, 2008 12:30pm Oct 16, 2008 12:30pm
That's called support not resistance.
  • #39,726
  • Oct 16, 2008 12:31pm Oct 16, 2008 12:31pm
Quoting SunTrader
That's called support not resistance.
My mistake!
I am sleepy!
  • #39,727
  • Oct 16, 2008 12:39pm Oct 16, 2008 12:39pm
PP+fibo it really works
Attached Image (click to enlarge)
Click to Enlarge Name: 10.16.JPG Size: 179 KB
  • #39,728
  • Oct 16, 2008 12:59pm Oct 16, 2008 12:59pm
Quoting athahira
Shampoo is almost done...i though will be on asian session..but its so quick....i am shorting....and no tp this time, just be .

Lets see who will clean who today

All wishes....
Athahira, could you attach a picture to your post to support what you're seeing? It will help a lot to all newbies like me. Thanks
  • #39,729
  • Oct 16, 2008 1:02pm Oct 16, 2008 1:02pm
Quoting forex killer
PP+fibo it really works
Nice trading.

Right to the PP and then south.

m
  • #39,730
  • Oct 16, 2008 1:04pm Oct 16, 2008 1:04pm
Look at above posted picture..can u see the H&S (head and shoulders)....


Don't forget set sl ..or u may wait till its confirmed...i mean nice drop below 3380 .... depends on ur strategy
  • #39,731
  • Oct 16, 2008 1:08pm Oct 16, 2008 1:08pm
I agree with most of you . Most indices are still under , and people are still lost and panicky . Leaders are not helping with " we need time to heal" that is only driving people to buy USD , is the US doing on purpose. Why would they say .. we are still in a turmoil. Isnt it them who are suppose to calm the market down instead of heating it up ?

Anyhow, I see that the USD will strengthen against the Euro. next hurdle 1.33-1.327 the reason being , there is still buying pressure on the USD . Its more of trusted currency over the Euro ( highly liquid) and they were the first to announce the problem, hence the first to recover.

next support 1.327
  • #39,732
  • Oct 16, 2008 1:28pm Oct 16, 2008 1:28pm
This is what is called calm before Tornado ....just be ready guys...

  • #39,733
  • Oct 16, 2008 1:29pm Oct 16, 2008 1:29pm
Quoting athahira
This is what is called calm before Tornado ....just be ready guys...


Tornado South?
  • #39,734
  • Oct 16, 2008 1:33pm Oct 16, 2008 1:33pm
Quoting PipGal
Tornado South?
Should be ...my opened short just BE ...I think patience is key to success....so i wait the shampoo to be confirmed ....

PATIENCE ....golden word
  • #39,735
  • Oct 16, 2008 1:36pm Oct 16, 2008 1:36pm
maybe before ny close?
  • #39,736
  • Oct 16, 2008 1:39pm Oct 16, 2008 1:39pm
Calm = Bollinger/Keltner Squeeze, then breakout to follow up/down ??.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 38 KB
  • #39,737
  • Oct 16, 2008 1:48pm Oct 16, 2008 1:48pm
Hello everyone. I am new so just wanted to introduce myself and wish everyone many pips !

And first question:

Quoting athahira
Should be ...my opened short just BE ...I think patience is key to success....so i wait the shampoo to be confirmed ....
PATIENCE ....golden word
what tells me that it is confirmed ? If it drops below some point ( how calculate this ) ?
  • #39,738
  • Oct 16, 2008 1:59pm Oct 16, 2008 1:59pm
Quoting StupiDreamer
Hello everyone. I am new so just wanted to introduce myself and wish everyone many pips !

And first question:



what tells me that it is confirmed ? If it drops below some point ( how calculate this ) ?
I'm assuming Athahira was looking at what might have been a lobsided head and shoulders on a 5-minute chart. Instead it has turned out to have two heads.
Usually best to stay away from 5-minute chart patterns like those. Still might get a double top here. Don't be too hasty. Watch the fibs and Support/Psych levels. See Acumens wise words on previous posts.
  • #39,739
  • Oct 16, 2008 2:17pm Oct 16, 2008 2:17pm
Quoting Roegen
I'm assuming Athahira was looking at what might have been a lobsided head and shoulders on a 5-minute chart. Instead it has turned out to have two heads.
Usually best to stay away from 5-minute chart patterns like those. Still might get a double top here. Don't be too hasty. Watch the fibs and Support/Psych levels. See Acumens wise words on previous posts.


Really thanx for ur good advice...i start using half hour charts for picking patterns .....

I am amazed how did the prices went down on news time ...when it was supposed to be bad for us and the price should go up....now after the london session closed ...us traders start buying....and after asian session start ...they start selling....

Its all confusing ....but if u look at the big picture ....this snake (price) is going down ...and down ..and down....if one just don't use leverage...he is ok...but us with small capital ...always get squeezed by this snake ....

We shall prevail...... ....
  • #39,740
  • Oct 16, 2008 2:19pm Oct 16, 2008 2:19pm
Quoting BoredToLoose
Let's see if can take off and fly away!
Circles=Strong Support!
Let's see until when!
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