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EURUSD

  • #41,361
  • Oct 23, 2008 8:49pm Oct 23, 2008 8:49pm
5 mn looking like bearish wedge

edit: then just broke
  • #41,362
  • Oct 23, 2008 8:51pm Oct 23, 2008 8:51pm
Quoting Bemac
Personally, I Never get In without having already checked my Forex Durex.
Not all sins are created equal
  • #41,363
  • Oct 23, 2008 8:53pm Oct 23, 2008 8:53pm
jaywalker, tell me true... is the old avatar well and truly gone for all time?
FUBAR...
  • #41,364
  • Oct 23, 2008 8:55pm Oct 23, 2008 8:55pm
Here is how I see it....just my hypothesis. At this point, the Asian session traders are taking it down 100 pips from the last high, to the 1.2794 area. Here we will see heavy volume come in as they take on long positions for a bull run up, which the Euro session traders will continue. If the US session traders continue it more, than I am surely suspicious they are all trying to capture retail longs in their trades if they stay in them over the weekend. And I will be believing we will see a gap down on the open next week, sealing the fate of those longs.

The 1hr chart attached shows the bottom pinch level (lower 0% level) to be at 1.2792....
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1hr. #2 10-23-2008.gif Size: 68 KB
  • #41,365
  • Oct 23, 2008 8:58pm Oct 23, 2008 8:58pm
that's what I'm talking about...
Attached Image (click to enlarge)
Click to Enlarge Name: gy 3m.png Size: 20 KB
FUBAR...
  • #41,366
  • Oct 23, 2008 9:01pm Oct 23, 2008 9:01pm
Hello everyone,

We are heading downward again. Downside pressure is strong. Our current trading range is around 1.2941 - 1.2720. I have placed my short 1.3000 and 1.2925. Hopefully the downtrend will prevail. All my stop placed above 1.3050.

Good luck all!

P.S.

Felix
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 143 KB
  • #41,367
  • Oct 23, 2008 9:01pm Oct 23, 2008 9:01pm
Quoting ak4x
that's what I'm talking about...
I got all of that - just before the break i noticed the wedge.
  • #41,368
  • Oct 23, 2008 9:07pm Oct 23, 2008 9:07pm
Here is another EURUSD

EURUSD is pushing the slope lower.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMT4.JPG Size: 250 KB
  • #41,369
  • Oct 23, 2008 9:08pm Oct 23, 2008 9:08pm
Maybe back to 2880; 38 fib of the hrly run down

edit: actually its the 62 fib, coming from the top
  • #41,370
  • Oct 23, 2008 9:10pm Oct 23, 2008 9:10pm
FWIW,, S1 pivot (EU) is also the 79% retrace level of the last bullmove up from 2735... could be strong support for asia

ed, you get that?
Attached Image
FUBAR...
  • #41,371
  • Oct 23, 2008 9:16pm Oct 23, 2008 9:16pm
Point & Figure Chart can eliminate the insignificant price movements which bar or candle produce noisy. This chart allows to identify supply and demand relationship.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDPointFigure.JPG Size: 143 KB
  • #41,372
  • Oct 23, 2008 9:18pm Oct 23, 2008 9:18pm
Quoting ak4x
FWIW,, S1 pivot (EU) is also the 79% retrace level of the last bullmove up from 2735... could be strong support for asia

ed, you get that?
Yes Fautha, Thanks for thinking of me. Hope I can return the favor in time.
Up or down, gimme a ticket
  • #41,373
  • Oct 23, 2008 9:19pm Oct 23, 2008 9:19pm
Quoting felixcatwa
Point & Figure Chart can eliminate the insignificant price movements which bar or candle produce noisy.
Huh. I always thought that was like a "paint by numbers" thingy. Learn somethin new every week.

Hey there felix, you keep saying "we" and "our"... is there more than one of you??
FUBAR...
  • #41,374
  • Oct 23, 2008 9:21pm Oct 23, 2008 9:21pm
Quoting felixcatwa
Point & Figure Chart can eliminate the insignificant price movements which bar or candle produce noisy. This chart allows to identify supply and demand relationship.
I read about those and was interested, but my software does not draw those.
  • #41,375
  • Oct 23, 2008 9:23pm Oct 23, 2008 9:23pm
Quoting ak4x
jaywalker, tell me true... is the old avatar well and truly gone for all time?
The upside down seeing eye or Conan? I still have both somewhere. Why do you ask?
Not all sins are created equal
  • #41,376
  • Oct 23, 2008 9:23pm Oct 23, 2008 9:23pm
GY and EU hitting their S1's at almost the same time. hope this cruise doesn't turn boring. will take take another 20% off at the S1 hit, leaving 50% for fun and games. decent evening so far...
Attached Image
FUBAR...
  • #41,377
  • Oct 23, 2008 9:24pm Oct 23, 2008 9:24pm
Quoting Bemac
Originally Posted by MackS10 http://www.forexfactory.com/images/buttons/viewpost.gif
Looks like the start of a new bullish trend. We would then look for long opportunities.

Go For It.
We need Buyers.
I wish I would have been in front of my computer to see .3000.

What a perfect short.
  • #41,378
  • Oct 23, 2008 9:24pm Oct 23, 2008 9:24pm
I'm thinking of going short if the fib shown below is breached strongly enough.
Attached Image (click to enlarge)
Click to Enlarge Name: fib3.JPG Size: 239 KB
  • #41,379
  • Oct 23, 2008 9:26pm Oct 23, 2008 9:26pm
Quoting SunTrader
Not even a triple shot of Cialis, Stoli & Oysters (yuch!!) will do the trick.
Oysters that is.
  • #41,380
  • Oct 23, 2008 9:28pm Oct 23, 2008 9:28pm
Quoting altrader
I'm thinking of going short if the fib shown below is breached strongly enough.
That's a strong line so i think you are likely correct.
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