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EURUSD

  • #43,701
  • Nov 6, 2008 2:54am Nov 6, 2008 2:54am
i have been waiting for 3 days for that drop. rate cut might be what it takes to kick start it. but if rate cut is already taken in consideration. and support is still this strong then maybe whats up is down ect...my hands are covering the jewels on this one..
those who can, do. those who cant, talk about those who can
  • #43,702
  • Nov 6, 2008 2:57am Nov 6, 2008 2:57am
plus oil ect. showed dollar strength
those who can, do. those who cant, talk about those who can
  • #43,703
  • Nov 6, 2008 2:58am Nov 6, 2008 2:58am
the current price action is the type of thing that annoys me. It struggles to go up and then struggles to go down. I'm looking at the 30min time frame.

The average true range on M30 time frame is = 34.

I expect it to break the 2926 level soon.
  • #43,704
  • Nov 6, 2008 3:08am Nov 6, 2008 3:08am
Quoting psiholog
...im no expert on elliot waves but if this is what i think it is...we saw wave 1 on the move down and we are seeying wave 2 now which may retrace to 1.3000 (61.8%retracement which is common for EW wave 2) only so it drops hard from there come the ecb announcement..just a guess but a good possibility
london open and still little movement yet..oh they are saying on cnbc it might ba a whole point cut. this is like a winding a rubberband when it goes it should really run a while..still baffled
those who can, do. those who cant, talk about those who can
  • #43,705
  • Nov 6, 2008 3:10am Nov 6, 2008 3:10am
it broke a little...
what then? is it trying to go up?
thx
Quoting altrader
the current price action is the type of thing that annoys me. It struggles to go up and then struggles to go down. I'm looking at the 30min time frame.

The average true range on M30 time frame is = 34.

I expect it to break the 2926 level soon.
Money management is good for your health...
  • #43,706
  • Nov 6, 2008 3:17am Nov 6, 2008 3:17am
maybe the gbp is helping it some. even with a rate cut expected for the gbp its up today over 100 pips
those who can, do. those who cant, talk about those who can
  • #43,707
  • Nov 6, 2008 3:19am Nov 6, 2008 3:19am
Quoting 13thheaven
it broke a little...
what then? is it trying to go up?
thx
That's what I'm thinking but I'm not sure now.
  • #43,708
  • Nov 6, 2008 3:29am Nov 6, 2008 3:29am
This is for Traderathome, and anyone else who needs it.

Trader, I use this with your BB set-up on M5. Helps a lot with scalping.

Ed
Attached File(s)
File Type: ex4 Support and Resistance.ex4   2 KB | 329 downloads
Up or down, gimme a ticket
  • #43,709
  • Nov 6, 2008 3:35am Nov 6, 2008 3:35am
Quoting altrader
the current price action is the type of thing that annoys me. It struggles to go up and then struggles to go down. I'm looking at the 30min time frame.

The average true range on M30 time frame is = 34.

I expect it to break the 2926 level soon.

Hello everyone,
I also began to bother this kind of non-trend.
In addition, the market begins to not even make the targets more accurately.
happened yesterday .. I was expecting 3150 ... but nothing to do.
My fear is arriving tired and not concentrated where there is real movement down or up

The best thing that can happen to you is to find out where you're wrong.
  • #43,710
  • Nov 6, 2008 3:37am Nov 6, 2008 3:37am
I'm long two small positions at 1,2911; 1,2906; tight stop, wide TP.

We'll see what happens. It seems the bulls have a hard time pushing up today.
Greed and impatience are our greatest enemies.
  • #43,711
  • Nov 6, 2008 3:37am Nov 6, 2008 3:37am
Quoting Driver55

Hello everyone,



I also began to bother this kind of non-trend.
In addition, the market begins to not even make the targets more accurately.
happened yesterday .. I was expecting 3150 ... but nothing to do.


My fear is arriving tired and not concentrated where there is real movement down or up

Good morning Driver55. It got as high as 2931, but then fell back. If it's going up, 2942 would be next stop. That's the 38.2 Fib on latest retrace.

The H1 has a doji sitting there waiting on 1000gmt. If it stays in place, the next move could be bear candle down.
Up or down, gimme a ticket
  • #43,712
  • Nov 6, 2008 3:47am Nov 6, 2008 3:47am
Quoting SpecialEd
Good morning Driver55. It got as high as 2931, but then fell back. If it's going up, 2942 would be next stop. That's the 38.2 Fib on latest retrace.

The H1 has a doji sitting there waiting on 1000gmt. If it stays in place, the next move could be bear candle down.

Morning SpecialEd,
from my point of view it is important to keep the value 2880. Until the market remains above I will continue to think long.

Edit:
Considerations made on the hour basis

The best thing that can happen to you is to find out where you're wrong.
  • #43,713
  • Nov 6, 2008 3:50am Nov 6, 2008 3:50am
Quoting Driver55

Morning SpecialEd,


from my point of view it is important to keep the value 2880. Until the market remains above I will continue to think long.

We should know in 11 minutes. I agree though. I've got a trailing stop (45) that's currently set at 2886. I'll take more run-up - - - or down.
Up or down, gimme a ticket
  • #43,714
  • Nov 6, 2008 3:55am Nov 6, 2008 3:55am
I think one is coming.
Attached Image
Up or down, gimme a ticket
  • #43,715
  • Nov 6, 2008 4:21am Nov 6, 2008 4:21am
timber.........
it's goin down...
Money management is good for your health...
  • #43,716
  • Nov 6, 2008 4:21am Nov 6, 2008 4:21am
She's wide open Brotha. Prepare to enter the Ichimoku cloud! No trading in there.

Thanks to Traderathome and Turhovach.
Attached Image
Up or down, gimme a ticket
  • #43,717
  • Edited 4:43am Nov 6, 2008 4:31am | Edited 4:43am
I've got a buy stop at 2906, or looking for short at 2870.

Thoughts?

Edit: I moved to 2915 entry due to impending cloud cover. Still may go either way but looking down...
Up or down, gimme a ticket
  • #43,718
  • Nov 6, 2008 4:37am Nov 6, 2008 4:37am
it's looking bearish now...
but i'm not quite sure what will happen next...
Money management is good for your health...
  • #43,719
  • Nov 6, 2008 4:43am Nov 6, 2008 4:43am
I would not trade until the asian session range is broken...
  • #43,720
  • Nov 6, 2008 4:46am Nov 6, 2008 4:46am
today sux...i'm out for the day..

edit: I lost yesterdays gains for me...bah.
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