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  • #54,421
  • Jan 6, 2009 7:27pm Jan 6, 2009 7:27pm
Quoting klinckphilip
a bullish triangle that is ready to pop in about 9 minutes.
ok, so ready to short at 3460
  • #54,422
  • Jan 6, 2009 7:28pm Jan 6, 2009 7:28pm
Quoting Turhovach
OK? Huh, huh? Please don't let me down...
That was a good one, how I love this thread
  • #54,423
  • Jan 6, 2009 7:37pm Jan 6, 2009 7:37pm
OK. Here's what I'm observing.
There is an argument {in My research} that suggests a test & small bounce from ~1.3260. The bounce will fail & Price will head for ~1.2950 before falling further to~1.2600.

Lots of things have to fall into place for the First Part of this to be true. Exponential for the 2nd & 3rd.

How long will it take?

??

Looks like 1 to 4 weeks.

Currently @ ~1.3440

This may be my last forcast for a while as I am presently feeling {self imposed I know} the urge to predict. That's never good.
  • #54,424
  • Jan 6, 2009 7:40pm Jan 6, 2009 7:40pm
Quoting klinckphilip
ok, so ready to short at 3460
ok in at 63 pretty close
  • #54,425
  • Jan 6, 2009 7:47pm Jan 6, 2009 7:47pm
Hmm I short at 3499 down to 3449.

Are we thinking another fall?
  • #54,426
  • Jan 6, 2009 7:48pm Jan 6, 2009 7:48pm
Quoting Bemac
This may be my last forcast for a while as I am presently feeling {self imposed I know} the urge to predict. That's never good.


We may need to start an Old Fart eu thread where we can slum around in our pajamas and bathrobes and prognosticate all we like till we doze off w/o getting fussed at.

I was gonna post something else but forgot what it was.
FUBAR...
  • #54,427
  • Jan 6, 2009 8:01pm Jan 6, 2009 8:01pm
you know what that means in the short term?!

lol

Never mind how these guys come on and state these predictions and site circumstances that are completely subjective and offer no data to back it up, but I love the way they keep vague about things like time frame or entry points. Their sweeping statements are good for one thing - Fertilizer.
  • #54,428
  • Jan 6, 2009 8:01pm Jan 6, 2009 8:01pm
Quoting klinckphilip
ok in at 63 pretty close

do you think ..it will go pivot back ...
  • #54,429
  • Jan 6, 2009 8:02pm Jan 6, 2009 8:02pm
pin formation formed for last hour 8 pm est us
  • #54,430
  • Jan 6, 2009 8:08pm Jan 6, 2009 8:08pm
Quoting bosoko
pin formation formed for last hour 8 pm est us
Are you insinuating a major upmove based on this pin?
  • #54,431
  • Jan 6, 2009 8:08pm Jan 6, 2009 8:08pm
I am adding to my ignore list every member who makes an irritating and impatient plea for a signal or worse yet bragging of a trade they didn't lose on.

There are no shortcuts. The best is if you stay quiet long enough to still be visible to the experienced members later when you have a really good question!

Sorry for the rant, but after adding 8 folks to my ignore list today, I thought I would make it public.

Cheers
  • #54,432
  • Jan 6, 2009 8:12pm Jan 6, 2009 8:12pm
I toook the initial down move till it told me to get out... (it was about as perfect setup as it gets) I'm not planning on another down move till I see something else really good. The daily pb has now had the normal retrace down (50% or so) and may start to recover here. Daily has also just pierced the ichi cloud.. so lots of levels of support/indecision coming in to play

I only trade what I see...

Quoting BradN901CB
Hmm I short at 3499 down to 3449.

Are we thinking another fall?
DireXiv Make it happen, no one else is going to do it for you...
  • #54,433
  • Jan 6, 2009 8:12pm Jan 6, 2009 8:12pm
No, just indecision, I think I will wait for EURO session, but still keep an eye on my charts.
  • #54,434
  • Jan 6, 2009 8:13pm Jan 6, 2009 8:13pm
I think there will be a mad dash for commodities. everyone want's to play it cool, but no matter what commodities are going to be worth something.

Price can't afford to go down, the effects on top line revenues are devastating companies. For example, what was 24 Million in annual copper wire sales for the regional electrical wholesalers, now copper wire only generates 6 million in revenue. For a company with a total in 200 Million in sales, that's substantial effect from commodity prices. They must go up - China is making sure of it.
  • #54,435
  • Jan 6, 2009 8:13pm Jan 6, 2009 8:13pm
But from what I see its still bias to the down side, but would like to see what EURO traders will do.
  • #54,436
  • Jan 6, 2009 8:14pm Jan 6, 2009 8:14pm
I don't know if this was directed towards me, but I am not exactly a 'newbie' as the title would suggest.

I'm just listening for the most part, just started really posting the last 2 days. Just learning what others are thinking, trying to pay attention.

But if I'm on your list I guess it doesn't matter.
  • #54,437
  • Jan 6, 2009 8:24pm Jan 6, 2009 8:24pm
Quoting ak4x


We may need to start an Old Fart eu thread where we can slum around in our pajamas and bathrobes and prognosticate all we like till we doze off w/o getting fussed at.

I was gonna post something else but forgot what it was.
http://www.forexfactory.com/showthre...53#post2453053
Not all sins are created equal
  • #54,438
  • Jan 6, 2009 8:39pm Jan 6, 2009 8:39pm
Bouncing Back As Selling Flows Abate Sydney: The EUR/USD has managed to trade back to 1.3500 after stops below 1.3450 were triggered earlier to a low of 1.3420. The selling was fairly widespread with a hedge fund and an Asian central bank included in the mix of sellers. Decent buying interest emerged around hourly support at 1.3430/35 and profit taking has helped the EUR/USD recover. Traders say there is good interest to sell rallies towards 1.3575/90 where the top of the daily I-cloud and the 100-day MA are found. The EUR/USD trades 1.3493/98.
  • #54,439
  • Jan 6, 2009 8:48pm Jan 6, 2009 8:48pm
Quoting TIckerShuffl
you know what that means in the short term?!

lol

Never mind how these guys come on and state these predictions and site circumstances that are completely subjective and offer no data to back it up, but I love the way they keep vague about things like time frame or entry points. Their sweeping statements are good for one thing - Fertilizer.
Oh sh*t.
  • #54,440
  • Jan 6, 2009 9:03pm Jan 6, 2009 9:03pm
Quoting prosperous
I am adding to my ignore list every member who makes an irritating and impatient plea for a signal or worse yet bragging of a trade they didn't lose on.
Hope you don't plan on doing a whole lot of reading http://www.forexfactory.com/images/icons/icon10.gif
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