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  • #42,221
  • Oct 28, 2008 4:38pm Oct 28, 2008 4:38pm
Quoting TIckerShuffl
Typically. As far as currencies go, it could be baked in.
could that be why we had such a big euro run
  • #42,222
  • Oct 28, 2008 4:41pm Oct 28, 2008 4:41pm
looks like it is carrying on as well.
  • #42,223
  • Oct 28, 2008 4:50pm Oct 28, 2008 4:50pm
Quoting To Be
http://i37.tinypic.com/mju59l.jpg


Regards.

Will it be?
  • #42,224
  • Oct 28, 2008 4:51pm Oct 28, 2008 4:51pm
Closed long...taking a break and going out for drinks...WHOA what a ride.

Going to look for reentry maybe tomorrow after rate announcement. Or maybe later around 1.26
  • #42,225
  • Oct 28, 2008 4:51pm Oct 28, 2008 4:51pm
Quoting TradeWell
Will it be?
That chart is a few days out now isn't it?
  • #42,226
  • Edited 10:27pm Oct 28, 2008 4:54pm | Edited 10:27pm
EJ daily chart showing where we are on that pair. You can see the proximity to the previous S/R Fib levels and the 50% retrace level. If you follow EJ movements with respect to EU or would like to, this chart gives you some price levels to watch from here, and maybe a heads up for any surprises in the works relating to the yen moves.

The yellow box would be the first zone I'd look at for topping out simply cuz it's the 50% level, no rocket science there.
Attached Image
FUBAR...
  • #42,227
  • Oct 28, 2008 4:55pm Oct 28, 2008 4:55pm
Quoting eddiemiller
That chart is a few days out now isn't it?
Oct 26, 2008 5:43pm
  • #42,228
  • Oct 28, 2008 4:58pm Oct 28, 2008 4:58pm
Quoting TIckerShuffl
Closed long...taking a break and going out for drinks...WHOA what a ride.

Going to look for reentry maybe tomorrow after rate announcement.
Logic says such a move will make asian traders also response same as it and push it up more
  • #42,229
  • Oct 28, 2008 5:17pm Oct 28, 2008 5:17pm
Quoting athahira
Logic says such a move will make asian traders also response same as it and push it up more
LOGIC!!!!

In today's market, where?


LOL only joking - fingers crossed they rally the EUR up 80-100 points
  • #42,230
  • Oct 28, 2008 5:21pm Oct 28, 2008 5:21pm
Quoting athahira
Logic says such a move will make asian traders also response same as it and push it up more
Yeah I had too much at risk and was glad to take what I had. If markets retrace tomorrow, I would give it all back.

Since my target wast 1.3064 I can almost guarantee it wil get there and I will miss out
  • #42,231
  • Oct 28, 2008 5:24pm Oct 28, 2008 5:24pm
Here's an EU chart showing the closest potential levels to watch if the move continues on up.

This chart only covers about half of the move down from 4850 where there was a'rd 8 days of ranging action before breaking lower. Upper Fib anchor is the most recent HIGH of that range.

There's a 10 pip difference if you go back to the beginning of that week and use the actual high. I like this one better as it represents the next high following the lowest LOW of that range that tapped the red LTL.

Remember the 50% level is always a player on most any chart, and is a significant horizontal S/R level from OCT 21-22 here as well.
Attached Image
FUBAR...
  • #42,232
  • Oct 28, 2008 5:25pm Oct 28, 2008 5:25pm
I'm thinking this up movement will stop around 1.283 and come down to 1.255 - 1.25 until resuming... based on the fact that they seem like good areas to provide resistance and support.
  • #42,233
  • Oct 28, 2008 5:33pm Oct 28, 2008 5:33pm
If US only cuts .5 would be a let down...IMO

Edit: also, thinking about EURO rate cut possibility.

Good time to stay out of the way, or maybe start looking at AUDNZD or something with no dollar/euro influence
  • #42,234
  • Oct 28, 2008 5:45pm Oct 28, 2008 5:45pm
wow looks like i was right this baby did pushed high
  • #42,235
  • Oct 28, 2008 5:57pm Oct 28, 2008 5:57pm
Longs closed!
It will go further, but I am going to wait better Long Entries now!

Do not wait price to retrace too many pips., it looks that we will hit 1.30 like a rocket!
  • #42,236
  • Oct 28, 2008 6:01pm Oct 28, 2008 6:01pm
Since we had broken 1.2750 something tells me that we may go even further up till 1.29 to 1.30 before going back down .
  • #42,237
  • Oct 28, 2008 6:11pm Oct 28, 2008 6:11pm
Quoting ak4x
Here's an EU chart showing the closest potential levels to watch if the move continues on up.

This chart only covers about half of the move down from 4850 where there was a'rd 8 days of ranging action before breaking lower. Upper Fib anchor is the most recent HIGH of that range.

There's a 10 pip difference if you go back to the beginning of that week and use the actual high. I like this one better as it represents the next high following the lowest LOW of that range that tapped the red LTL.

Remember the 50% level is always a player on most any chart, and is a significant horizontal S/R level from OCT 21-22 here as well.
Based on the last few breaks does the 1.3000 level on the fib offer any resistance?

Also if it doesnt will it offer some support?
  • #42,238
  • Oct 28, 2008 6:32pm Oct 28, 2008 6:32pm
Lets see if the half hour chart formed DOJI will beat the uptrend now

p.s.: on 1 hour chart ..its not DOJI ..its inverted !
  • #42,239
  • Oct 28, 2008 7:03pm Oct 28, 2008 7:03pm
Quoting To Be

http://i37.tinypic.com/mju59l.jpg

Thanks so much for the reference to the Wolfe Wave... really amazing... and pretty much accurate indeed!
Learned something new today
Will research further.
  • #42,240
  • Oct 28, 2008 7:09pm Oct 28, 2008 7:09pm
Quoting doblece
Thanks so much for the reference to the Wolfe Wave... really amazing... and pretty much accurate indeed!
Learned something new today
Will research further.
.... but I think that the second retest at 1.2330 invalid the Wolfe Wave theory!

Edit: Does not Invalid, I am wrong, it could do what happened with Euro, a retest.
Was a perfect forecast!
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