EURUSD | Page 2027 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

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

Attachments: EURUSD
Exit Attachments

EURUSD

  • #40,521
  • Oct 21, 2008 7:10pm Oct 21, 2008 7:10pm
The attached chart is a 1 minute chart. It shows the last 50 pip run down to the 1.3000 area culminated in high relative volume at the lows. This leads to the hypothesis that Asian session traders manipulated the run down to load up on long positions for a bigger run up later this full day session. This makes sense in light of the large drop during the previous full session....which begs for a large retrace/pullback....and which has been only further exasperated by this 50 pip slam dunk by the Asian session traders!
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1min #1 10-21-2008.gif Size: 50 KB
  • #40,522
  • Oct 21, 2008 7:15pm Oct 21, 2008 7:15pm
We are all anxious for the big reversal which seems to be no where in sight - Follow the trend - cancel and replace as you go
  • #40,523
  • Oct 21, 2008 7:15pm Oct 21, 2008 7:15pm
EJ hit 138% ext at 130.20 and stopped cold at 30.16... break back below that should get even more interesting.

Still working off the swing fib for that pair using 141.75 high (Tue) and 133.40 low (Wed) from last week.
FUBAR...
  • #40,524
  • Oct 21, 2008 7:19pm Oct 21, 2008 7:19pm
If we break 1.3051 then likely we resume uptrend if not then EU drop.
  • #40,525
  • Oct 21, 2008 7:22pm Oct 21, 2008 7:22pm
Here comes the fall again - hold on to your seatbelts boys
  • #40,526
  • Oct 21, 2008 7:22pm Oct 21, 2008 7:22pm
Quoting traderathome
The attached chart is a 1 minute chart. It shows the last 50 pip run down to the 1.3000 area culminated in high relative volume at the lows. This leads to the hypothesis that Asian session traders manipulated the run down to load up on long positions for a bigger run up later this full day session. This makes sense in light of the large drop during the previous full session....which begs for a large retrace/pullback....and which has been only further exasperated by this 50 pip slam dunk by the Asian session traders!
Can u plz explain further, really don't get the idea !
  • #40,527
  • Oct 21, 2008 7:24pm Oct 21, 2008 7:24pm
If we break 3150 I would say then we might be starting an uptrend, until then I will be very cautious of any bull trade.


Quoting Pyramus
If we break 1.3051 then likely we resume uptrend if not then EU drop.
  • #40,528
  • Oct 21, 2008 7:29pm Oct 21, 2008 7:29pm
Quoting traderathome
The attached chart is a 1 minute chart. It shows the last 50 pip run down to the 1.3000 area culminated in high relative volume at the lows. This leads to the hypothesis...
Given that your volume inidicator is reflecting your broker only, and not the entire interbank system, how are you able to tell the difference between actual BUY orders and TP's or SL's getting hit? I'd assume lots of TP's got hit a'rd there at the figure. I know some of mine did... The rest are lower yet.
FUBAR...
  • #40,529
  • Oct 21, 2008 7:46pm Oct 21, 2008 7:46pm
Here's a quick shot of the nearby daily pivots for whichever way this goes next...

The green lines are the middle points between the main and mid pivots and can often be strong S/R as well. I usually plot these when the range between main and mid pivots is real wide.

In this case they just so happen to converge with the figures as well.
Attached Image
FUBAR...
  • #40,530
  • Oct 21, 2008 7:47pm Oct 21, 2008 7:47pm
Hi everybody!

Just got back. How y'all been?
Not all sins are created equal
  • #40,531
  • Oct 21, 2008 7:49pm Oct 21, 2008 7:49pm
Quoting ak4x
21 pips from the low to the 288sma (2980) target posted 32 hrs ago...
http://www.forexfactory.com/showpost...ostcount=40170

first time I see a 288 MA.. why 288 ?
  • #40,532
  • Oct 21, 2008 7:59pm Oct 21, 2008 7:59pm
Thar she blows heading for the 1.3000 to take it out in order for the AVALANCHE to take form. Cancel and replace and she falls guys - cancel and replace
  • #40,533
  • Oct 21, 2008 8:00pm Oct 21, 2008 8:00pm
Quoting traderathome
The attached chart is a 1 minute chart. It shows the last 50 pip run down to the 1.3000 area culminated in high relative volume at the lows. This leads to the hypothesis that Asian session traders manipulated the run down to load up on long positions for a bigger run up later this full day session. This makes sense in light of the large drop during the previous full session....which begs for a large retrace/pullback....and which has been only further exasperated by this 50 pip slam dunk by the Asian session traders!
that sounds feasible
  • #40,534
  • Oct 21, 2008 8:03pm Oct 21, 2008 8:03pm
Quoting magnadyne
I am guessing there has got to be a retrace if not a full on reversal coming soon. My RSI bottomed and is signalling a buy along with my Stoch. I am still a noob, so let me know your thoughts. It seems like many people are a bit confused on what way to right now...
RSI/Stoch being oversold means nothing if price doesn't confirm.

Oversold levels can remain so, longer than you want, if you are in a trade and cause you to why you didn't at least stand aside.
  • #40,535
  • Oct 21, 2008 8:08pm Oct 21, 2008 8:08pm
Quoting emda
first time I see a 288 MA.. why 288 ?
It's a thing I'm recently playing with on various tf''s. Instead of nice round numbers all the time, like 50, 100 or 200, I'm comparing variations on them that reflect complete cycles of trading sessions. Has to do with everything being in synch and the like.

Got the idea from Bemac on a previous post... still a work in progress.
FUBAR...
  • #40,536
  • Oct 21, 2008 8:14pm Oct 21, 2008 8:14pm
Quoting Jay Walker
Hi everybody!

Just got back. How y'all been?
Big
For that post yesterday.
  • #40,537
  • Oct 21, 2008 8:14pm Oct 21, 2008 8:14pm
Seems divergence on two indicators are least on daily whan you add the MACD histogram.

Opec output cuts this Friday, commodity rally, Eur strength?

Questions with answers forthcoming.

Good luck
  • #40,538
  • Oct 21, 2008 8:15pm Oct 21, 2008 8:15pm
Quoting ak4x
It's a thing I'm recently playing with on various tf''s. Instead of nice round numbers all the time, like 50, 100 or 200, I'm comparing variations on them that reflect complete cycles of trading sessions. Has to do with everything being in synch and the like.

Got the idea from Bemac on a previous post... still a work in progress.
Do you change that number depending on the TF, or is 288 bars on any TF?
  • #40,539
  • Oct 21, 2008 8:17pm Oct 21, 2008 8:17pm
Quoting SunTrader
Big
For that post yesterday.
Thanks mate.
Not all sins are created equal
  • #40,540
  • Oct 21, 2008 8:18pm Oct 21, 2008 8:18pm
can't break 1.300 to short still no sign of retrace think its time to go have a drink
556 traders viewing now