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  • #59,401
  • Jan 27, 2009 9:23am Jan 27, 2009 9:23am
Quoting shajib
Just as an additional note, the hourly chart is showing clear divergence with higher highs yet a lack in momentum. We should see price pull back (A-B-C correction) towards 50% of the recent move from 2763-3328. Day traders should wait for completion of the smaller B wave before initiating any counter-trend positions with stops just above daily high and target the previously mentioned support zone (3040/90).
As I explained in this earlier post, I hope some day traders managed to catch the smaller wave "b" (approx 50% retracement of corrective wave "a"). Target for "c" should be around 3050 followed by more consolidation. As long as price is above 2858, we should target 3385/3510 next. Best wishes.
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  • #59,402
  • Jan 27, 2009 9:27am Jan 27, 2009 9:27am
Quoting shajib
As I explained in this earlier post, I hope some day traders managed to catch the smaller wave "b" (approx 50% retracement of corrective wave "a"). Target for "c" should be around 3050 followed by more consolidation. As long as price is above 2858, we should target 3385/3510 next. Best wishes.
Good posts. Makes sense. Thanks.
Up or down, gimme a ticket
  • #59,403
  • Jan 27, 2009 9:34am Jan 27, 2009 9:34am
looks like it`s going to 1.3080 and then will start to go up? how do you think?
  • #59,404
  • Jan 27, 2009 9:38am Jan 27, 2009 9:38am
Quoting SpecialEd
Good posts. Makes sense. Thanks.
Thanks for your comments
  • #59,405
  • Jan 27, 2009 9:43am Jan 27, 2009 9:43am
i age wih u t il touch the pivot leel today thent will go up till 1 .34 iam sure 80% iam not trade now but iam ssure that what wil hapeen
  • #59,406
  • Jan 27, 2009 9:44am Jan 27, 2009 9:44am
y are u predicting a long to 1.34?

my fibs tell me to short to 1.30.

Care to explain thx.
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  • #59,407
  • Jan 27, 2009 9:45am Jan 27, 2009 9:45am
Quoting shajib
Thanks for your comments
You're welcome. I'm pretty much a scalper, so my biggest deficiency is seeing mid- to longer-term direction. Comments and illustrations like yours are very helpful.
Up or down, gimme a ticket
  • #59,408
  • Jan 27, 2009 9:48am Jan 27, 2009 9:48am
Got tweezer bottoms on the 15m TF. For the guys that are short, I'd chash out now for a 55 pip run.
  • #59,409
  • Jan 27, 2009 9:48am Jan 27, 2009 9:48am
Quoting amar747
Hi bro..I think this pair is making the head and shoulder formation. The next downtrend will be explosive..Watch out ur longs...Nothing is confirmed till it breaks R2

Closed my shorts for now....i am done. Anyway, QQE on 1H trying to cross the 50.00 line and on 4H, QQE lines trying to cross. If this happens and the closing candle of today on 4H is below GANN, bearish trend on this pair...see ya..
  • #59,410
  • Jan 27, 2009 9:49am Jan 27, 2009 9:49am
yep.. just like the last few weeks.. glad I stayed up and traded asian and london... cause the US session is just whipsaw range.... I would not be a happy camper with several of my setups on e/u in past 3 hours....

btw... h1 50 crossing the 200 ema... "usually" a pretty good sign of trend change.
DireXiv Make it happen, no one else is going to do it for you...
  • #59,411
  • Jan 27, 2009 9:51am Jan 27, 2009 9:51am
What do you think guys about Fib level 1.3117?


I think if it is going to be broken then market will go further down. Market has already touched this level once but is has not been broken yet.

I placed pending order short @ 1.3109
  • #59,412
  • Jan 27, 2009 9:55am Jan 27, 2009 9:55am
Quoting SpecialEd
You're welcome. I'm pretty much a scalper, so my biggest deficiency is seeing mid- to longer-term direction. Comments and illustrations like yours are very helpful.
Nice to see another cobra user. Great pips for you man.
  • #59,413
  • Jan 27, 2009 10:05am Jan 27, 2009 10:05am
Quoting hgtrad
Nice to see another cobra user. Great pips for you man.
Yep, I've got a statue of Cobra in my back yard. You too my friend.
Up or down, gimme a ticket
  • #59,414
  • Jan 27, 2009 10:07am Jan 27, 2009 10:07am
Quoting SpecialEd
Yep, I've got a statue of Cobra in my back yard. You too my friend.
Hey: cobra got an 80 pip run on the 1m TF... Kudos.
  • #59,415
  • Jan 27, 2009 10:16am Jan 27, 2009 10:16am
bearish channel.

I am hoping to keep a short position, will price break below pivot?
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  • #59,416
  • Jan 27, 2009 10:16am Jan 27, 2009 10:16am
Quoting hgtrad
Hey: cobra got an 80 pip run on the 1m TF... Kudos.
Yeah, I saw that. That Trix Cross v2.1 will do that. I've been helping to test. Unfortunately, like anything else, if you misinterpret or forget to look at the bigger picture sometimes, you can still get on the wrong side of good trades like that. Such was my case during that 80-pip run. It was a great trade though.

Best,
Up or down, gimme a ticket
  • #59,417
  • Jan 27, 2009 10:17am Jan 27, 2009 10:17am
Quoting kris
bearish channel.

I am hoping to keep a short position, will price break below pivot?

The DPP seems to be a big magnet pulling price towards it.
  • #59,418
  • Jan 27, 2009 10:25am Jan 27, 2009 10:25am
Quoting SpecialEd
Yeah, I saw that. That Trix Cross v2.1 will do that. I've been helping to test. Unfortunately, like anything else, if you misinterpret or forget to look at the bigger picture sometimes, you can still get on the wrong side of good trades like that. Such was my case during that 80-pip run. It was a great trade though.

Best,
Just a question: is V2.1 out yet? I'm really looking forward to use it.
  • #59,419
  • Jan 27, 2009 10:30am Jan 27, 2009 10:30am
H 1.
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  • #59,420
  • Jan 27, 2009 10:30am Jan 27, 2009 10:30am
new trader here, but how do you get the pivot point? i use metatrader for my charts



Quoting Jhig
As an indicator for a downward move, P/A is very close (50+ pips or so) to the Pivot Point level (very important level). So keep that level in mind.

Pivot Point Level = 1.3089
DM if you have any questions
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