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EURUSD

  • #51,201
  • Dec 17, 2008 6:06pm Dec 17, 2008 6:06pm
Quoting knuckledrag
good luck gator
u2... gonna watch the tube for a while... i need an alarm i can set for trading levels i want to trade at.. anyone know where i can get a free one?
those who can, do. those who cant, talk about those who can
  • #51,202
  • Dec 17, 2008 6:12pm Dec 17, 2008 6:12pm
Quoting gatorinla
u2... gonna watch the tube for a while... i need an alarm i can set for trading levels i want to trade at.. anyone know where i can get a free one?
If you are using MT4, on Terminal view, "Alerts" tab, Create Alert and set price/time/pair parameters.

If not, you can always download a demo and use its alert feature.
Sends emails as well.
  • #51,203
  • Dec 17, 2008 6:25pm Dec 17, 2008 6:25pm
Quoting ulotoyebtaa
Thanks for your response. When you say we're closer to the top, what do you mean? How do you define the top here? We're just half way from where the euro fell from the 1.6 region.

Regards
Tolu
That's what we all want to know, the "top", all I can say is that i've been watching step by step and trying to figure out where it is most likely to go next.

As ak4x very well said and got it to the pip almost, right now we encountered resistance @ 1.4450.
So we need to keep watching the price action near this level to try to figure out where this is going, if it breaks up, we should look for the next resistance level, and this is where it gets more difficult.

- We have the psychological value of 1.45, and a previous resistance (was support then) @ 1.455 from january before the run up to 1.60, and 1.4710 in september and october when it felt down... But a few days ago it broke several resistances in one go(FED Cut), we never know...

For me, that "top" is most probable around 1.471, but it's just me, i will go on with the flow, always having one eye on the market and another on my account

On the other end we are in December... usually things tend to calm down, but the way things have been, expect the unexpected, several times!

As i'm scalping right now, because these markets are way crazy, i just go step by step, watching the lower TFs, while keeping an eye on these supports/resistances to have an ideia where to expect entries and exits.

I really don't have the guts to enter long time trades in current days, too risky, all it takes is one bad/good news and its hell again

Thats why I find it safer to be scalping now.

Crazy times indeed

Keep safe!
Traders are smartasses
  • #51,204
  • Edited 6:36pm Dec 17, 2008 6:27pm | Edited 6:36pm
Quoting Jay Walker
Looking at the longer term (weeks, not days), I'm firmly convinced that it will continue to go higher.

But it doesn't mean that it won't take a dive for a few days or a week.

The pair shows being overbought on the daily chart but oversold on the monthly. But of course, I'm an old fart who's trading time frames that are way too long aren't I?
No Mr. Jay. Old is Gold (and gold is getting dearer now a days). I share your thoughts and also like to see long-term time frames. Between us, I am not very impressed with current pa. During this Asian session, it tells me a story quite different from what we heard in NY session today .... but anything is possible.
The Thief of Wall Street
  • #51,205
  • Dec 17, 2008 6:57pm Dec 17, 2008 6:57pm
Has anybody noticed that the Euro has not hit it's NY Daily Pivot one time this week ?

It barely got there on Thursday and Friday (Dec 11th and 12th).

So three times in a row, no daily pivot.

Any fellow statisticians out there know off hand what's the frequency of 3 or more failed touches of the daily pivot ?

For EUR/USD, it always seems we get atleast 2 out of 22 or 23 market days per month
that we fail to touch, usually when it's trending somewhere and that's in the 85/86 percentile.
But three in a row or better I haven't pulled those stats.

With the Daily (today) coming in at 1.4284 over 100 pips away, statistically there is a trade setup forming right now.
Attached Image (click to enlarge)
Click to Enlarge Name: EUROPIVOT.PNG Size: 38 KB
  • #51,206
  • Dec 17, 2008 7:07pm Dec 17, 2008 7:07pm
CNN and that douchebag, Anderson Cooper are yapping about the big 3 automakers shutting down for longer than usual for the Holidays.

Of course, the spin they are putting is to make it sound like a permanent shut down.

Still, I wonder if this will affect the pair.
Not all sins are created equal
  • #51,207
  • Dec 17, 2008 7:07pm Dec 17, 2008 7:07pm
Quoting Jay Walker
But of course, I'm an old fart aren't I?
very concise and to the point jay...
as always, excellent insights. you rock bro.
FUBAR...
  • #51,208
  • Dec 17, 2008 7:10pm Dec 17, 2008 7:10pm
Quoting ak4x
very concise and to the point jay...
as always, excellent insights. you rock bro.
*Bows* Thank you!
Not all sins are created equal
  • #51,209
  • Dec 17, 2008 7:16pm Dec 17, 2008 7:16pm
not so old.. just smell like a fart.
those who can, do. those who cant, talk about those who can
  • #51,210
  • Dec 17, 2008 7:19pm Dec 17, 2008 7:19pm
Where can I find out the times the London market opens and closes and the Japanise, etc? I want to find out in my time which is Central time... USA
  • #51,211
  • Dec 17, 2008 7:21pm Dec 17, 2008 7:21pm
Quoting gatorinla
not so old.. just smell like a fart.
Err, ok.

What's next big guy? PeePee and PooPoo jokes? Or do you just suck at humor?
Not all sins are created equal
  • #51,212
  • Dec 17, 2008 7:22pm Dec 17, 2008 7:22pm
Quoting angierosed
Where can I find out the times the London market opens and closes and the Japanise, etc? I want to find out in my time which is Central time... USA
http://www.forexmarkethours.com/

You can adjust the time accordingly.

And welcome to FF
Not all sins are created equal
  • #51,213
  • Dec 17, 2008 7:34pm Dec 17, 2008 7:34pm
Quoting Jay Walker
http://www.forexmarkethours.com/

You can adjust the time accordingly.

And welcome to FF
Why thank you!
  • #51,214
  • Dec 17, 2008 7:44pm Dec 17, 2008 7:44pm
Quoting gatorinla
not so old.. just smell like a fart.
repost ... im not old just smell like a fart. .. hope thats better
those who can, do. those who cant, talk about those who can
  • #51,215
  • Dec 17, 2008 7:45pm Dec 17, 2008 7:45pm
Quoting angierosed
Where can I find out the times the London market opens and closes and the Japanise, etc? I want to find out in my time which is Central time... USA
On the main FF page click each Sydney, Tokyo, London, NY link on the left:

http://www.forexfactory.com/images/m...ssions_low.gif Sydney Session Active
Ends Thu. 2:00am
(in 3 hr 16 min)
http://www.forexfactory.com/images/m...ssions_low.gif Tokyo Session Active
Ends Thu. 4:00am
(in 5 hr 16 min)
http://www.forexfactory.com/images/m...ons_closed.gif London Session Inactive
Begins Thu. 3:00am
(in 4 hr 15 min)
http://www.forexfactory.com/images/m...ons_closed.gif New York Session Inactive
Begins Thu. 8:00am
(in 9 hr 15 min)
  • #51,216
  • Dec 17, 2008 7:49pm Dec 17, 2008 7:49pm
Quoting Spsantos
That's what we all want to know, the "top", all I can say is that i've been watching step by step and trying to figure out where it is most likely to go next.

As ak4x very well said and got it to the pip almost, right now we encountered resistance @ 1.4450.
So we need to keep watching the price action near this level to try to figure out where this is going, if it breaks up, we should look for the next resistance level, and this is where it gets more difficult.

- We have the psychological value of 1.45, and a previous resistance (was support...
We won't know the top until after it hits it and comes down. I do know that at 0% we are the new yen, as far as funding currency for the carry trade if the markets settle down. I would not want to be caught short right now.
  • #51,217
  • Dec 17, 2008 7:52pm Dec 17, 2008 7:52pm
Quoting angierosed
Where can I find out the times the London market opens and closes and the Japanise, etc? I want to find out in my time which is Central time... USA
You can also use this and set up to your parameters including spread. simply save in experts/indicator folder,
Attached File(s)
File Type: ex4 Clock_v1_2.ex4   14 KB | 384 downloads
File Type: mq4 Clock_v1_2.mq4   16 KB | 387 downloads
Trade what you see, not what you think.
  • #51,218
  • Dec 17, 2008 7:52pm Dec 17, 2008 7:52pm
Quoting dandou
On the main FF page click each Sydney, Tokyo, London, NY link on the left:

http://www.forexfactory.com/images/m...ssions_low.gif Sydney...
Cool...i wasn't aware of that...thank you.
  • #51,219
  • Dec 17, 2008 8:00pm Dec 17, 2008 8:00pm
Gator, you should enable your pm thingy.
FUBAR...
  • #51,220
  • Dec 17, 2008 8:12pm Dec 17, 2008 8:12pm
Quoting 5ysfx
Hi Sun

Tell me sth am i crazy ?
I don't know. Are you?

As to the chart I don't what is supposed to show. Give me a hint.

In the meantime here is my weekly chart showing zone of 1.4620-1.4790 comprising prior resistance/congestion area + 61.8% retracement + 4x1 gann fan level.
Attached Image (click to enlarge)
Click to Enlarge Name: EUweekly.PNG Size: 30 KB
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