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  • #51,561
  • Dec 18, 2008 7:23pm Dec 18, 2008 7:23pm
Quoting SeerEye
My reading of the charts – and I am NO guru, by any means. I think it is more likely to touch 1.400 right now than touch 1.4500. PA has been bouncing off the 23.6% fib drawn from 1.4719 down to 1.4184, having rejected it once again just a bit ago. I think a clear break of the 23.6% on up the 38.2% with some mojo behind it would bring about the 50% retrace of the move. But, that still leaves it 50 pips short of 1.5000. On the other hand, looking at my Stoch on several time frames and retest of the bottom seems more like the possibility, but that...
E/U looking very weak can't post my chart but it is going down
  • #51,562
  • Dec 18, 2008 7:30pm Dec 18, 2008 7:30pm
Quoting sofia101
E/U looking very weak can't post my chart but it is going down
I dont know how weak and how far down you are looking at. E/U has made a huge run up this past week and it's just taking a breather, it is sitting on support and bouncing around in a range during the off hours of both the europe and US sessions...

Looks like lower trend line is going to be creeping up on it soon (it's currently at 1.4082 and moving up as time goes on).

Remember the dollar is either free or costing people 0.25%...

Pred
  • #51,563
  • Edited 7:47pm Dec 18, 2008 7:32pm | Edited 7:47pm
Quoting SeerEye
My reading of the charts – and I am NO guru, by any means. I think it is more likely to touch 1.400 right now than touch 1.4500. PA has been bouncing off the 23.6% fib drawn from 1.4719 down to 1.4184, having rejected it once again just a bit ago. I think a clear break of the 23.6% on up the 38.2% with some mojo behind it would bring about the 50% retrace of the move. But, that still leaves it 50 pips short of 1.5000. On the other hand, looking at my Stoch on several time frames and retest of the bottom seems more like the possibility, but that...
Thanks Seer.

No real guru ever claims to be a guru.
I have been watching pa for hours (rely 60% on pa and 40% on techincal analysis). Got a feeling that short run may be short enough to get pa back to 1.4300 by the end of the day. However, if it breaks 1.4300 up soon, could try to reach 1.4500 on Monday or Tuesday. But this is just a thought. One good thing about reading pa is that we live in real time, no history no speculation, and this may change several times a day. I add time-element to fibs in order to guess their likelyhood of occurance. Just a mental calculation, not even drawing fib lines. More steep the move, more chances of it to get to 61.8%. Thanks for your detailed analysis. The key element for me is to know what would be short term trend, which you said more south than north. Thanks again for your help.
The Thief of Wall Street
  • #51,564
  • Dec 18, 2008 7:37pm Dec 18, 2008 7:37pm
Quoting gregam1128
I have seen a lot of people say that. (Looks to be long, but could be a drop soon). Oh and don't let the small post count fool ya, I've got some years in this forum.
I didn't suggest a long position here. My inclination would be to short after a break of the low; retest up to that low, then confirmation of the direction with my Stoch, RSI and candlestick PA. However, through Asian session, I'm going to guess continued ranging between 1.4190 and 1.4310.

Thank you for the question. Makes me think clearer of my position. Don't be fooled by my post count - I'm still a greenhorn.
Pip what you see; See what you pip!
  • #51,565
  • Dec 18, 2008 7:42pm Dec 18, 2008 7:42pm
what caused the big move today?
  • #51,566
  • Dec 18, 2008 7:51pm Dec 18, 2008 7:51pm
Downjones down and Eu down, too, oh terrible
Give me patience
  • #51,567
  • Dec 18, 2008 7:55pm Dec 18, 2008 7:55pm
Quoting Predator38
I dont know how weak and how far down you are looking at. E/U has made a huge run up this past week and it's just taking a breather, it is sitting on support and bouncing around in a range during the off hours of both the europe and US sessions...

Looks like lower trend line is going to be creeping up on it soon (it's currently at 1.4082 and moving up as time goes on).

Remember the dollar is either free or costing people 0.25%...

Pred
Euro still have a big move down and untill it finished I don't think will have a 1.45 soon.I am short till 1.40 and then I will move atBE and let it ride.Now thats is my opinion and it is based on my charts you can see something different ,Good luck
  • #51,568
  • Dec 18, 2008 8:00pm Dec 18, 2008 8:00pm
i was reading thru old post when the move happened and people where saying profit taking, that big of a move in 2 candles i gues it would have to be some kind of electronic move trying to learn why it happend so it is less likley to get me again
  • #51,569
  • Dec 18, 2008 8:04pm Dec 18, 2008 8:04pm
I don't read this tread often it just I had finished my analysis and wanted to share ,but I could be wrong
  • #51,570
  • Dec 18, 2008 8:05pm Dec 18, 2008 8:05pm
Quoting SeerEye
I didn't suggest a long position here. My inclination would be to short after a break of the low; retest up to that low, then confirmation of the direction with my Stoch, RSI and candlestick PA. However, through Asian session, I'm going to guess continued ranging between 1.4190 and 1.4310.

Thank you for the question. Makes me think clearer of my position. Don't be fooled by my post count - I'm still a greenhorn.

http://www.forexfactory.com/images/icons/icon10.gif
  • #51,571
  • Dec 18, 2008 8:07pm Dec 18, 2008 8:07pm
Quoting Chicky
No real guru ever claims to be a guru...
Wanna find a real guru? It's easy.

Look for the only guy not standing in the rain...
Attached Image
FUBAR...
  • #51,572
  • Dec 18, 2008 8:11pm Dec 18, 2008 8:11pm
Quoting SunTrader
I posted this weekly chart yesterday showing 61.8% retracement / prior resistance zone / Gann Fan 4X1 line. Top (so far) landed right in the middle:
Makes me excited.
Not all sins are created equal
  • #51,573
  • Dec 18, 2008 8:12pm Dec 18, 2008 8:12pm
Well so far I am 70 percent sure that the move will be down, I am anticipating to short between 1.4360-1.4400. This is not intended as a prediction and if you take my words for it without doing your own analysis, then good luck to you (you will need it).
  • #51,574
  • Dec 18, 2008 8:12pm Dec 18, 2008 8:12pm
Quoting ak4x
Pivots for today from 5pm EST. The range just absolutely flabbergasts me.

Here's to S3!! That was not a call, it was a toast.

But if reached, then the yoorow has become toast indeed. On the other hand...

jaywalker, when you get online here, mind your manners...
Moi?
Not all sins are created equal
  • #51,575
  • Dec 18, 2008 8:38pm Dec 18, 2008 8:38pm
Quoting ak4x
Wanna find a real guru? It's easy.

Look for the only guy not standing in the rain...
If it doesn't rain where he is standing, he will soon be begging from those who receive rain!

I am sure you are not this kind of guru.
The Thief of Wall Street
  • #51,576
  • Dec 18, 2008 8:43pm Dec 18, 2008 8:43pm
Quoting Chicky
If it doesn't rain where he is standing, he will soon be begging from those who receive rain!

I am sure you are not this kind of guru.
But if it does not rain how will those who receive rain, will receive the rain brain buster
  • #51,577
  • Dec 18, 2008 8:45pm Dec 18, 2008 8:45pm
Quoting Jay Walker
Moi?
Ak has very good sense of humor. He picked the right person ........ ah.. ah... ah .... remember what he said!
The Thief of Wall Street
  • #51,578
  • Dec 18, 2008 8:48pm Dec 18, 2008 8:48pm
Quoting Chicky
Ak has very good sense of humor. He picked the right person ........ ah.. ah... ah .... remember what he said!
Bah, we always pick on each other but it's all in jest
Not all sins are created equal
  • #51,579
  • Edited 8:50pm Dec 18, 2008 8:48pm | Edited 8:50pm
Quoting iii
But if it does not rain how will those who receive rain, will receive the rain brain buster
I have no answer. .... Speechless.

What are you doing in this trade? Go play chess.... you are depriving this world a great talent ...... be a chess guru.
The Thief of Wall Street
  • #51,580
  • Dec 18, 2008 8:51pm Dec 18, 2008 8:51pm
Quoting Chicky
I have not answer. .... Speechless.

What are you doing in this trade? Go play chess.... you are depriving this world a great talent ...... be a chess guru.
Well, here is another mindblowing question...what is chess?
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