DislikedOn D1 there is nice bullish engulfing pattern, and also EU is going to the end of the wedge...Ignored
FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
- #58,201
- Jan 22, 2009 5:27am Jan 22, 2009 5:27am
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts
MT4/MT5 EAs/Indicators/Alerts coder
- #58,203
- Jan 22, 2009 5:59am Jan 22, 2009 5:59am
- | Joined Nov 2007 | Status: Trader | 1,142 Posts
/ ... clarifying decisions ... /
- #58,205
- Jan 22, 2009 6:32am Jan 22, 2009 6:32am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
EUR/USD is in an uptrend, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are rising,...
Otherwise folks just go straight to the source and get it hot off the press.
http://www.fxstreet.com/technical/an...009-01-22.html
FUBAR...
- #58,206
- Jan 22, 2009 6:46am Jan 22, 2009 6:46am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
failure to break M3 may stick us in a range below it... it's really an intersting night for S/R...
for the rest of session, the Central at 3021 is working pretty well as s/r tonite. so momentum will dictate what price does if it comes back down thru it.
strong move, i'll look for the lower pivots to be in play... weaker move would highlight dp... back to the central until the fo/lo session lights off.
This ranging action can be nerve racking at times, but once it's established in an environment where even the usual fundamentals aren't really shaking anything loose, it's reasonably tradeable.
Things aren't ALWAYS going to breakout after all...
Price being whereI left it last night... back to bed.
FUBAR...
- #58,209
- Jan 22, 2009 7:24am Jan 22, 2009 7:24am
- Joined Oct 2008 | Status: Sentiment and Global Macro | 2,321 Posts
I agree. Im expecting the news to be bad for USD. The market haven't moved in 3-4 hours now ...I don't expect it to move after the new releases. Now, maybe when the stock market opens, but at this point, who knows. 
- #58,210
- Jan 22, 2009 7:34am Jan 22, 2009 7:34am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #58,211
- Jan 22, 2009 7:48am Jan 22, 2009 7:48am
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
If we can get a good break below current support at 2960-80, then 2 hr could give up a solid 100 pips to the lower BB in this range. I've just gone short ((2980)) but won't be able to watch the trade, so it's a bit out of the ordinary for me...
The current candle closes in 30m at 8pm CST. If it closes below the thin grey line, then that's good for shorts. Above it or on it, not so good. Target is 2850ish. We'll see.
I'm already done for the day, so I'm happy
- #58,212
- Jan 22, 2009 7:53am Jan 22, 2009 7:53am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
... I hope the trade goes well for you.
I'm already done for the day, so I'm happy
In fact at this point, a retrace would create a massive pinbar.
Good for you, enjoy it and forget about trading. Hitting 80 degrees here today and massive sunshine, so I'm out as well after another couple hours of sacktime.
FUBAR...
- #58,213
- Jan 22, 2009 8:10am Jan 22, 2009 8:10am
AK4X, Your chart looks simple and nice. I wonder do you use standard BB for all your time frame or do you customize them? Plus, how do you figure the M1, M2 etc? I only got pivots on my platform....speaking of which, is that FXSOL platform you use?
Thanks, charts are always fun, especially when they work! So far so good... about 40 pips, but 10 m left on the candle and it could turn back still on a bounce, but break of M2 (2923) should seal the deal.
In fact at this point, a retrace would create a massive pinbar.
Good for you, enjoy it and forget about trading. Hitting 80 degrees here today and massive sunshine, so I'm out as well after another couple hours of sacktime.
- #58,215
- Jan 22, 2009 8:19am Jan 22, 2009 8:19am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
AK4X, Your chart looks simple and nice. I wonder do you use standard BB for all your time frame or do you customize them? Plus, how do you figure the M1, M2 etc? I only got pivots on my platform....speaking of which, is that FXSOL platform you use?
BB's are different, i'd tell you what they are, but accucharts just blew up. my 2m thru 6m use 11 and 12 for the 20m. ihr is 14 or 15, and no idea right now what the 2hr was. i'll pm you later when they come back up to make you get the setting.
The "M" pivots are part of the pivot tool on accucharts. You can go to http://www.actionforex.com/technical...-200603205734/ for the 5pm pivots or some add on pivot tools have them. Important thing is that they calculate from 5pm EST imo.
For a long time, i calculated them by hand every day...
Accucharts rule!!
FUBAR...
- #58,216
- Jan 22, 2009 8:20am Jan 22, 2009 8:20am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #58,217
- Jan 22, 2009 8:21am Jan 22, 2009 8:21am
- Joined Oct 2008 | Status: Sentiment and Global Macro | 2,321 Posts
