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  • #54,041
  • Jan 6, 2009 3:25am Jan 6, 2009 3:25am
Quoting Atondra
Is this a reversal or just a small retracement before further downside ?
What's the difference? Doesn't price has to reverse to make a retracement?
Sofar it's testig S1 from below. Doesn't seem to get trough on the first run.
  • #54,042
  • Jan 6, 2009 3:28am Jan 6, 2009 3:28am
Quoting Atondra
Is this a reversal or just a small retracement before further downside ?

The fibonacci retracements of the last fall on my 5 min chart are from 3460 up to 3500.

As I closed my last short after the failure to break the 3400 level, I'll look to sell again on a signal in that zone....for me, IF price breaks above 3500, its more than a small retracement and I would be looking for longs.....
Trading Levels with WRBs
  • #54,043
  • Jan 6, 2009 3:29am Jan 6, 2009 3:29am
Quoting Atondra
Is this a reversal or just a small retracement before further downside ?
75 pips or so by themselves doesn't constitute a "reversal" yet, but neither is it a "small" retracement, more like a nice healthy one on EU, would be smallish on a pair like GJ maybe...
FUBAR...
  • #54,044
  • Jan 6, 2009 3:33am Jan 6, 2009 3:33am
Quoting BWise
Hi everyone, im new to FF. I've been lurking in this thread since yesterday, waiting for my posting privileges, and I must say you guys are some of the most informed and intelligent traders I've come across so far on the Net. Hopefully some of your insight and expertise can rub off on me.

Anways IcedEarth what is the TRI theory, if you dont mind me asking?

Happy trading
Hi,
I meant the pattern of Triangle has been formed ( or may be we could say a FLAG with Triangle) and it got its target

good luck
  • #54,045
  • Jan 6, 2009 3:34am Jan 6, 2009 3:34am
Quoting Iced Earth
Hi,
I meant the pattern of Triangle has been formed ( or may be we could say a FLAG with Triangle) and it got its target

good luck
Ok, got you.
  • #54,046
  • Jan 6, 2009 3:34am Jan 6, 2009 3:34am
Angie,
I'm not the best person to advise you on stops - I don't have one ATM - I decide what to do based on PA.
  • #54,047
  • Jan 6, 2009 3:38am Jan 6, 2009 3:38am
Quoting stewrigh
Hi all,
Don't normally trade this pair - thought it was boring - boy was I wrong.
Just thought I'd add to the debate about where the current move will go.
On the daily chart the next obvious support is around 1.3.
Still some way to go then.
Stay short.
Rgds
Steve
Attachment
Daily time frame shows that FR 50% has been passed down and it might go downer to FR 61.8 around 1.3250, FR 61.8 is usually the most powerful level.

http://i41.tinypic.com/2cglizs.png
  • #54,048
  • Jan 6, 2009 3:40am Jan 6, 2009 3:40am
Quoting Atondra
There goes the parity level to GBP hopeful. It`ll take a couple more weeks then
They were already so close...
The pound shows surprising strength.
  • #54,049
  • Jan 6, 2009 3:41am Jan 6, 2009 3:41am
Quoting Iced Earth
Daily time frame shows that FR 50% has been passed down and it might go downer to FR 61.8 around 1.3250, FR 61.8 is usually the most powerful level.

http://i41.tinypic.com/2cglizs.png
I always thought it was the 50 fib that was the most powerful??
  • #54,050
  • Jan 6, 2009 3:42am Jan 6, 2009 3:42am
how long eu will retrace?
and how far eu will down i still have floating sell last month
curently -137pips
  • #54,051
  • Jan 6, 2009 3:51am Jan 6, 2009 3:51am
Quoting stewrigh
I always thought it was the 50 fib that was the most powerful??
both of them are important , but with my own experience 61.8 is more powerful

good luck

  • #54,052
  • Jan 6, 2009 3:51am Jan 6, 2009 3:51am
Quoting Ultraman
how long eu will retrace?
and how far eu will down i still have floating sell last month
curently -137pips
Man I think we will see 1.3270 -50 and if we break this level we can see 1.3070 as a maximum for this down move,,,and may be we will retrace up to 1.3820 as a maximum and going down again

What is your openions boys ?
  • #54,053
  • Jan 6, 2009 3:57am Jan 6, 2009 3:57am
a breakout is going to happen soon.

Placing a short order at 1.3430. and riding it to 1.3330
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  • #54,054
  • Jan 6, 2009 4:02am Jan 6, 2009 4:02am
Shes off again - I hope.
  • #54,055
  • Jan 6, 2009 4:03am Jan 6, 2009 4:03am
did you guys catch it? I am in already. There is slight retracement now, time to add more lots.
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  • #54,056
  • Jan 6, 2009 4:04am Jan 6, 2009 4:04am
Quoting kris
did you guys catch it? I am in already. There is slight retracement now, time to add more lots.
Yep me too
  • #54,057
  • Jan 6, 2009 4:06am Jan 6, 2009 4:06am
Here we go again
  • #54,058
  • Jan 6, 2009 4:07am Jan 6, 2009 4:07am
how far more down will it go in the short term? m5?
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  • #54,059
  • Jan 6, 2009 4:09am Jan 6, 2009 4:09am
I'd say 1.3355 (extension level)

Quote
Sofar it's testig S1 from below. Doesn't seem to get trough on the first run.

Was a good level to short again.
  • #54,060
  • Jan 6, 2009 4:13am Jan 6, 2009 4:13am
I have this area as about the 61.8 of the whole Dec move
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