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  • #58,461
  • Jan 23, 2009 5:06am Jan 23, 2009 5:06am
Think we are headed for the big fall...
  • #58,462
  • Jan 23, 2009 5:19am Jan 23, 2009 5:19am
Quoting rfredcpt
Think we are headed for the big fall...

Nice analysis, no references as to why?? you think we're headed for a big fall, could be indicators, fundamentals, news, technicals or your dusty old ouija board and a message from the great and powerful Oz. haha....
  • #58,463
  • Edited 5:45am Jan 23, 2009 5:22am | Edited 5:45am
Good Morning people.
Well if it can go up, the only way to go is down.
Compare my two charts.
1.2977 was indeed a level to watch, was the last up move before the drop.
Support Line turns Resistance and down he goes.

I was waiting to see 1.2777, price went to 1.2766.
Now we are in danger territory, Friday and big resistances here, but there is nothing to stop the USD now.

I was waiting to see a move to the upside before this drop, didn't happen, now 1.2500 is next station!!

Editing: One of my last post I said, I closed my longs, will re-enter at 1.3033 or add short at 1.2977!!
Price went only to 1.3028 after that!!
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  • #58,464
  • Jan 23, 2009 5:30am Jan 23, 2009 5:30am
Quoting BoredToLoose
Good Morning people.
Well if it can go up, the only way to go is down.
Compare my two charts.
1.2977 was indeed a level to watch, was the last up move before the drop.
Resistance line turns Support and down he goes.

I was waiting to see 1.2777, price went to 1.2766.
Now we are in danger territory, Friday and big resistances here, but there is nothing to stop the USD now.

I was waiting to see a move to the upside before this drop, didn't happen, now 1.2500 is next station!!
Your chart is a little dated

Looks like 1.2824 is holding as resistence so far.. not sure if the bears have the power to go lower at this point or not though my long from an hour ago or so just got stopped out at +6
  • #58,465
  • Jan 23, 2009 5:30am Jan 23, 2009 5:30am
I tend to agree with you Bored - it is unable to go through resistance at 2823 - tried 4 times, however the 2770 will be a tough nut to crack? IMO
  • #58,466
  • Jan 23, 2009 5:34am Jan 23, 2009 5:34am
Quoting m_eavey
Nice analysis, no references as to why?? you think we're headed for a big fall, could be indicators, fundamentals, news, technicals or your dusty old ouija board and a message from the great and powerful Oz. haha....

Sorry, new to posting here, no sarcasm intended. Next time I'll post support for my view.

Thanks BoredToLoose
  • #58,467
  • Jan 23, 2009 5:36am Jan 23, 2009 5:36am
Closed longs at 1.2830 - watching now... may be time to get back on the bigger trend i.e. the short wave
  • #58,468
  • Jan 23, 2009 5:44am Jan 23, 2009 5:44am
Quoting PipAir
Closed longs at 1.2830 - watching now... may be time to get back on the bigger trend i.e. the short wave
Yes, may be slowly completing the consolidation and then be headed for the 1.24 area and then the 1.2300 area. Just my view.
  • #58,469
  • Jan 23, 2009 5:52am Jan 23, 2009 5:52am
I think it's the bottom for this week, look it tested 1.2777 for three times, but it was too strong. it's now turn for euro to go up for a while, maybe until Asia's session
  • #58,470
  • Jan 23, 2009 6:00am Jan 23, 2009 6:00am
I respectfully disagree and think we will see more downtrending in a few hours when the US mkt comes on line... also more uncertain news out of Europe... Bloomberg just said France's credit rating may be in trouble. Last major report is the Belgian Business climate report out at 9:00 ET. That coupled with the resistance at 1.2827 suggests to me that we may not have seen the bottom yet...
  • #58,471
  • Jan 23, 2009 6:00am Jan 23, 2009 6:00am
well i`ll go long if eur break 2831
  • #58,472
  • Jan 23, 2009 6:00am Jan 23, 2009 6:00am
Or we may just bounce up and down, up and down in this channel 1.2825-1.2765 for the rest of the day....unless, there are significant news release that are unexpected. For now, I will scalp. I only short everytime it doesn't break 1.2825 for 10-20 pips each x.


Quoting rfredcpt
Yes, may be slowly completing the consolidation and then be headed for the 1.24 area and then the 1.2300 area. Just my view.
  • #58,473
  • Jan 23, 2009 6:06am Jan 23, 2009 6:06am
Quote
For now, I will scalp. I only short everytime it doesn't break 1.2825 for 10-20 pips each x.

Hey ... you copy cat
  • #58,474
  • Jan 23, 2009 6:07am Jan 23, 2009 6:07am
Does any one else see reverse H&S on 5min, looking for break of 1.2820?
  • #58,475
  • Jan 23, 2009 6:10am Jan 23, 2009 6:10am
Emerging bullish Flag on M15?
  • #58,476
  • Jan 23, 2009 6:14am Jan 23, 2009 6:14am
Quoting Tjpld
Emerging bullish Flag on M15?
nope
  • #58,477
  • Jan 23, 2009 6:16am Jan 23, 2009 6:16am
Still interesting, the bottom of wedge is still holding. Next week should show future direction of EURUSD, because it has to breakout that wedge in some direction...

I think it will be up breakout.
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  • #58,478
  • Jan 23, 2009 6:17am Jan 23, 2009 6:17am
Sorry Mr. British Retired Real Estate guy but I think you copy me. Go back to me posts and you will see that I targeted only 40 pips a day (whereas you only 20). So who is copy cat now?



Quoting Madonher
Hey ... you copy cat
  • #58,479
  • Jan 23, 2009 6:21am Jan 23, 2009 6:21am
Hey SeaPIP, chill out babe!
  • #58,480
  • Jan 23, 2009 6:28am Jan 23, 2009 6:28am
Quoting junglelion
nope
I'm not to good with pattern names.
Isn't that something? Triangle Blabla?
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