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  • #53,521
  • Jan 4, 2009 10:53pm Jan 4, 2009 10:53pm
Quoting PipPipPip
if it does hit down, support will bounce off at 1.3830.... or maybe not. where ahave you taken a short position? or are you patiently waiting to take a long position in couple minutes?
I haven't taken a short and generally don't like to mention when I put on a trade since some may take it as like I am some kind of signal service.

But what I do believe is that the daily low will be broken and maybe a lot more to go, so no I am not looking to go long unless strong support is shown and I mean strong.

And if I am right and it goes much lower the last thing I will be doing is looking for a place to go long. Take a look at a daily chart. Regardless of what was mentioned earlier I see no support till 1.30xx area.

Flip side - if the break is to the upside 1.45x is within easy reach.

My bias, right now, is down though.
  • #53,522
  • Jan 4, 2009 10:53pm Jan 4, 2009 10:53pm
Quoting Bemac
DAMN: I don't want to have to Think about this: Is it Going UP or DOWN? Tell Me Now!

I Don't have time for this argumentative bullshit. I'm here to make money.

WOW Rookie Brain Fart. Excuse Me Please.

lol. im sure your not the only one gandering about the direct answer.
Again its opinions that one can either accept or not. I have my opinions and it works for me. Some can either accept, and if not, thats their opinion.
Bemac, where do you think the rate will be leaning towards tonight and into the morning?
  • #53,523
  • Jan 4, 2009 11:02pm Jan 4, 2009 11:02pm
Quoting SunTrader
I haven't taken a short and generally don't like to mention when I put on a trade since some may take it as like I am some kind of signal service.

But what I do believe is that the daily low will be broken and maybe a lot more to go, so no I am not looking to go long unless strong support is shown and I mean strong.

And if I am right and it goes much lower the last thing I will be doing is looking for a place to go long. Take a look at a daily chart. Regardless of what was mentioned earlier I see no support till 1.30xx area.

Flip side - if...
I have to agree with you about the support till 1.3xxx on the daily chart. Sorry, to mention earlier, I was looking at the 2h, 4h, and the vairious minute charts. I was just reiterating to my self of the short term +30 pip reversal pulls that might affect my sl set at 25 for the long term trades during my short term scalping.

What i find interesting is that about the upside you were talking about of going to 1.45xx. My mind was routing towards the upward trend as the flip side, but only to 1.42. Again my bias is also down. However, what has sparked you to think of the flip side of such a high rate to 1.45? maybe couple months? not short term though for sure....
  • #53,524
  • Jan 4, 2009 11:03pm Jan 4, 2009 11:03pm
Quoting PipPipPip
lol. im sure your not the only one gandering about the direct answer.
Again its opinions that one can either accept or not. I have my opinions and it works for me. Some can either accept, and if not, thats their opinion.
Bemac, where do you think the rate will be leaning towards tonight and into the morning?
Well; not really knowing when morning is where you choose to recieve it.. I expect a drop over the next few hours to ~ 1.3855 and then a {ooohhh ooohh }Rebound to ~1.3915.

Will I be Trading it? Not even with your dipstick.
I have another year ahead of me & will await all participents to return.

All will be fine in 2009!
  • #53,525
  • Jan 4, 2009 11:05pm Jan 4, 2009 11:05pm
Quoting Bemac
Well; not really knowing when morning is where you choose to recieve it.. I expect a drop over the next few hours to ~ 1.3855 and then a {ooohhh ooohh }Rebound to ~1.3915.

Will I be Trading it? Not even with your dipstick.
I have another year ahead of me & will await all participents to return.

All will be fine in 2009!
Thanks! btw, do you think it will pass 1.3915, or the resistence short term will pick up there and reveresE? or will it PASS it right up a notch?
  • #53,526
  • Jan 4, 2009 11:09pm Jan 4, 2009 11:09pm
I remember when the usdx was at the lows, rogers said it would be a bullish year for the usd(2008 2nd half) but that would just be a great shorthing opp. against all pairs..
{Promotion Removed}
  • #53,527
  • Jan 4, 2009 11:14pm Jan 4, 2009 11:14pm
Quoting PipPipPip
Thanks! btw, do you think it will pass 1.3915, or the resistence short term will pick up there and reveresE? or will it PASS it right up a notch?
With that mentallity there is nothing left to say but. tapps

Fare the well.

OR
Maybe you can Observe as it approaches & Then ask a Question.?
  • #53,528
  • Jan 4, 2009 11:23pm Jan 4, 2009 11:23pm
Quoting Bemac
DAMN: I don't want to have to Think about this: Is it Going UP or DOWN? Tell Me Now!

I Don't have time for this argumentative bullshit. I'm here to make money.

WOW Rookie Brain Fart. Excuse Me Please.
I'm not telling......
  • #53,529
  • Jan 4, 2009 11:26pm Jan 4, 2009 11:26pm
Quoting Bemac
With that mentallity there is nothing left to say but. tapps

Fare the well.

OR
Maybe you can Observe as it approaches & Then ask a Question.?
All I can say is.....
  • #53,530
  • Jan 4, 2009 11:27pm Jan 4, 2009 11:27pm
So another test of trendline and support line, very nice triangle formation, so let's wait for breakout...
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  • #53,531
  • Jan 4, 2009 11:41pm Jan 4, 2009 11:41pm
Quoting magictrader
So another test of trendline and support line, very nice triangle formation, so let's wait for breakout...
another semitrical triangle. the next breakout is the most powerful one. at least for 200++ pips.
  • #53,532
  • Jan 4, 2009 11:48pm Jan 4, 2009 11:48pm
Quoting magictrader
So another test of trendline and support line, very nice triangle formation, so let's wait for breakout...
BTW magictrader, what broker are you using?? Coz your 1h chart is different than mine.
  • #53,533
  • Jan 4, 2009 11:50pm Jan 4, 2009 11:50pm
With the Japanese market off for the holidays I thought we'd see more PA this session.
"The markets are the greatest chess match ever played."
  • #53,534
  • Jan 4, 2009 11:53pm Jan 4, 2009 11:53pm
Back from being off for the holidays, you mean?
  • #53,535
  • Jan 4, 2009 11:59pm Jan 4, 2009 11:59pm
the calm before the storm
  • #53,536
  • Jan 5, 2009 12:01am Jan 5, 2009 12:01am
I think it is a bearish declining triangle, which would break to the bottom side.

My count has it as a small 4th wave being completed as wave E of 4 in an extending wave (3) down. (But it could also be of C down should Eur need to complete a 5th higher.)
  • #53,537
  • Jan 5, 2009 12:04am Jan 5, 2009 12:04am
Quoting sed34
the calm before the storm
sittin' on tha dock of the bay... waitin' for the rate to break...
  • #53,538
  • Jan 5, 2009 12:04am Jan 5, 2009 12:04am
Quoting sed34
the calm before the storm
Well: If ever ther was a time to BBQ in your Inflatable Raft: It is NOW. You have 1 Week to play with your bung before we remove it.

Heads Up!
  • #53,539
  • Jan 5, 2009 12:12am Jan 5, 2009 12:12am
Quoting moewenger
BTW magictrader, what broker are you using?? Coz your 1h chart is different than mine.

It's my local broker with GMT+1 time zone, think that's why it looks different.
  • #53,540
  • Jan 5, 2009 12:15am Jan 5, 2009 12:15am
Quoting Bemac
.... You have 1 Week to play with your bung before we remove it.
Are we too late for x-mas ?? I guess so....
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