EURUSD

I think we will test 1.2880 : 1.2900 area where I will buy form it and close this buy on 1.3220 , and re enter buying again above 1.3400 if this happen, If not,,,will short from 1.32XX area target 1.2650

Target for current wave should be 1.15 according to Elliot Wave.
Will see this level in the 3rd Quarter of 2009.

From 1.4720 at 18 dec 2008 the have dowm 1253 points at 1.2767 on last Friday.
Beware the price maybe :
Correction up before deep down ....or
Rversal up to create up trend to above 1.5000...or
the down trend be continue to the market 3 years ago arround 1.2000--1.2400

So thats clear then lol.

In my opinion, if today's opening price will be above ~1.3100, it will go down, especially on Tuesday. It's my opinion

Why would today's opening price be above 1.3100, that is 140 pips above closing

1.29845 current price at xe.com..

Base on news down trend will be contunue . however beware the market still make reversal correction so margin level must be strong if the spike correction before follow down trend.

my suggestion is enter post sell after correction up and the best pips is 20 pips..we can earn more pips if market yo yo and the focys us down trend.

Just my opinion

Who cares?

Fact of the matter is that everyone has their own opinion on where price is going. If you are coming to this forum to make your trades off what someone else tells you, Then you are going to lose sooner or later.

Everyone needs to learn by reading, reading and more reading. Then you need to analyze then read some more.

I learned early you can get very lucky sometimes and it seems like you know what you are doing. Then you go get a cup of coffee and when you get back. Gone!!!

By the way I loved the Walmart analogy. Classic!

I agree with rody8808 100%. This thread, albeit very helpful, is polluted with predictions up, down, sideways, specific price targets that new traders might be foolish enough to trade blindly. Predictions are the nature of the game. While someone is awaiting an entry or exit point on a trade, they're bored, trying to help, or just being "gamey" so they're busy predicting.

IMHO, anyone who is to be successful in Forex trading must read, study, analyze, choose a system or method that fits your style - and that you have successfully traded for a good period of time on a demo account. The two worst money- and time-wasters on this thread are: (1) the posts wondering "which way will it go"; and (2) the posts telling "which way it will go" with no explanation or basis for your fricking guess. If you're a new trader asking for or being influenced by the latter, expect to lose all of your capital. Then you'll be able to get back to your day job a lot sooner!

The best posts on this thread come from the experienced traders who do one of two things: (1) teach technical analysis to new traders who are willing to read and study, by explaining how they trade and what tools they use (moving averages, support and resistance, bollinger bands, trendlines, etc); and (2) by identifying upcoming support and resistance targets based on past history that they have recorded and been watching. While not required or expected, I also appreciate the traders who occasionally post "when they're in", "why they're in", and what their TP and SL are.

In this day and time, for day-trading purposes, the "trend" can change in 8 hours. One thing I can assure you, trading with the trend that is in place for your preferred timeframe is a whole lot easier and more profitable than trading against it. Serious traders are not posting incessantly. They are analyzing their charts, drawing trendlines, and always refining their trading plan. They occasionally lift their heads from the charts and post "this is what I've observed or discovered, hope it helps."

Good luck to all traders but don't expect that money to just fall into your laps. Quit asking where's it going and try to figure it out. If you can't figure it out, latch onto someone who has a good method and take the time to learn from him or her.

Sorry I drug it out too long, but I hope you understand what I was trying to say. It's a good business, but like with any business, you won't be in it long if you don't develop your skills and work plenty of hours. My two cents on a Sunday.

Good trading to all.

Excellent post.

yeah... i agreed with SpecialEd

By my signature, I trade the THV2, and plot fibs and S/R. All my analysis is done based on these things, but I trade what the chart shows me at the time I am in the trading room.

I am posting what I see based my strategy. Sorry,there are no calls, predictions, or guarantees! These are OBSERVATIONS, if they will help someone in THEIR OWN analysis, great, if not and you find them a distraction, well there is always the ignore list!

Well here we go:

1)I have a down channel drawn on 4hr on THV2 chart with a mid broken line channel since Christmas, and price has pierced both sides,and re-entered shortly after always being drawn to the mid channel. What does this tell me? The major trend is down. Pink circle shows most recent pierce of upper trendline. What will it do next? ANSWER: It will go up or downRemeber, past results are not indicative of future performance.

2) The other chart posted is my S/R chart with color-coded lines. I have explanation on this chart which includes an explanation of the fibs from my chart I have not posted as I can only get 2 charts per post( I think)
There is a bar next to the candles that is color-coded based on yellow being a likely trading range, and red and green bars on ares to be alerted to.

3) Not posted, but if you like candlestick patterns, the daily candle from Friday is a Hammer( sign of possible reversal, confirmation required) not only a Hammer, but asledge hammer.

Anyhow, I have shared my analysis, no bias, I will trade the market as it unfolds, and I recommend this to all traders. As I have said to newbies before,do not ask for price or target as any call that gets hit is either based on analysis of that particular trader, or gets hit by pure coincidence.

Sorry for the length. Good luck, and good trading to all this week.

Nice post tooth fairy.

After your nice post earlier, I thought I would give an example of in-depth explanation

Thanks for the compliment there short bus!

hi i think from today it will continue sell any one agree with me

Why do you think that?

Dude, you don't get it do you?

Go study, until then do what Tjpld said. Call your broker and withdraw your money while you still have some!

Looks like the ignore list will start to get larger beginning today!

Thought I splained easily enough.

There is Friday's close and Sunday's open. Everything in between is almost always just noise.

DITTO!!