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  • #63,401
  • Feb 10, 2009 4:45am Feb 10, 2009 4:45am
Quoting altrader
It looks good and besides there are different ways to calculate pivot points anyway depending on what time you designate as the begining of the trading day.

Yours is pretty much the same anyway and looking at yours it appears closer to the natural resistance levels when looking at the chart.

i guess the point is that pivot points are very very valuable things to know about in forex.
  • #63,402
  • Feb 10, 2009 4:48am Feb 10, 2009 4:48am

Someone knows at what time ,the vote of the Senate, it will know .??

The best thing that can happen to you is to find out where you're wrong.
  • #63,403
  • Feb 10, 2009 4:49am Feb 10, 2009 4:49am
Could this be some kind of new freaky head and shoulders in the making?
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  • #63,404
  • Feb 10, 2009 4:51am Feb 10, 2009 4:51am
Quoting Driver55

Someone knows at what time ,the vote of the Senate, it will know .??

Not sure on the time of the meeting, But I would suppose also that the market is waiting to see what direction the U.S stock market travels, and if there will be much risk aversion.
  • #63,405
  • Feb 10, 2009 4:55am Feb 10, 2009 4:55am
Quoting Driver55

Someone knows at what time ,the vote of the Senate, it will know .??

Yeah, what's time for vote, all? (who's know?)
The market is always right, but it is not never wrong!!!
  • #63,406
  • Feb 10, 2009 5:05am Feb 10, 2009 5:05am
Quoting gregam1128
Could this be some kind of new freaky head and shoulders in the making?
Yeah that's the H & S pattern I was referring to in my earlier posts

edit: I just closed all my trades...looks like it is pulling back a bit.

I'm satisifed with today's trades....but i still need to define my rules better.
  • #63,407
  • Feb 10, 2009 5:06am Feb 10, 2009 5:06am
Quoting altrader
Yeah that's the H & S pattern I was referring to in my earlier posts
Oh ok

Looks like there's going to be a slight retrace, and then another push towards that pivot line I spoke on earlier
  • #63,408
  • Feb 10, 2009 5:14am Feb 10, 2009 5:14am
Man

What do u see for the next hours,,will we just touch 1.2975 or furthur to 1.3030 and Then Down again,,,or what?
  • #63,409
  • Feb 10, 2009 5:22am Feb 10, 2009 5:22am
Very confusing week ahead!!

I am still bearish on this one, but high uncertainty in the air!!

I want to give a advice for all to follow this Market Analyst.

http://www.forexfactory.com/member.php?u=82814

I usually Agree with her views!!

See the website, first time I have free sms alerts for my country!!
I have tried to use from others and never work!!
  • #63,410
  • Feb 10, 2009 5:25am Feb 10, 2009 5:25am
is any one in these trade selling or waiting for us sessions
  • #63,411
  • Feb 10, 2009 5:29am Feb 10, 2009 5:29am
Quoting OzorioFX
I think that now we are heading to new lows (this year lows). Stochs are turning lower in 4h timeframes and the 15 and 50 EMA are making an aproach for the second time today. If they cross in the 30 min chart we are getting ready for a big downmove in asia session.
I think I did right? what do you say? A long way up if it breaks ( blue line through upside ) this is EMA 15 & 50( did I draw right? )
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  • #63,412
  • Feb 10, 2009 5:29am Feb 10, 2009 5:29am
Elliott Wave on EUR
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Ignat Borisenko. Trader, Elliott Wave analyst.
  • #63,413
  • Feb 10, 2009 5:31am Feb 10, 2009 5:31am
http://www.forexfactory.com/images/icons/icon1.gif nzd usd sell at 0.5354 stop at +100 pip . tp ....

Posted 3 hr ago
nzd usd sell at 0.5354 stop at +100 pip . tp . 50

this ia my post at 3 hour past . i dont know why deleted this.
it recieved to target .
nzd usd still sell is good possition
you are the only one , who creates your reality .
  • #63,414
  • Feb 10, 2009 5:44am Feb 10, 2009 5:44am
Yes. You draw it well. And its true, big move upside if it breaks (crosses). However, in this current conditions i would wait for a clear break of it to go in. The senate will vote. If they vote to aprove the plan probably we will see some carry trade activity (EURUSD included) to the upside. The Break of 1.31 will be a good sign for a trip till 1.3325 area. Then if that level is broken clearly and with EMA confirmation we can have a trade to retest 1.47īs area.

However, and if you see it backwards, sometimes stochs cross and unleash a bullish move but some hours later they cross again in the opposite direction unleashing a extremly bearish move. This only occurs in extreme events activity like today. The market usually behaves respecting this realities but sometimes we have surprises.

I would advise you to buy above 1.31(targetting 1.33 with stoch confirmation) and sell below 1.28 for 1.25 and the lower band of resistance.


If you like a risk free trade, you can buy options. Call with 15 day maturity with strike @ 1.3120 and put with the same maturity and strike @ 1.2790.

With the activity we will have next to this event we will break to one of the sides and then you are going to be in the money very quickly, offsetting the loss from the losing option.

I hope i help




Quoting tangothettt
I think I did right? what do you say? A long way up if it breaks ( blue line through upside ) this is EMA 15 & 50( did I draw right? )
  • #63,415
  • Feb 10, 2009 5:47am Feb 10, 2009 5:47am
And use a candle chart. The line chart is somehow incomplete for this analysis. You will see that the place where the candle starts and ends is important for line crossing and line resistance.

Quoting OzorioFX
Yes. You draw it well. And its true, big move upside if it breaks (crosses). However, in this current conditions i would wait for a clear break of it to go in. The senate will vote. If they vote to aprove the plan probably we will see some carry trade activity (EURUSD included) to the upside. The Break of 1.31 will be a good sign for a trip till 1.3325 area. Then if that level is broken clearly and with EMA confirmation we can have a trade to retest 1.47īs area.

However, and if you see it backwards, sometimes stochs cross and unleash a bullish...
  • #63,416
  • Feb 10, 2009 5:49am Feb 10, 2009 5:49am
Quoting Driver55

Someone knows at what time ,the vote of the Senate, it will know .??


11 am ny time
  • #63,417
  • Feb 10, 2009 5:54am Feb 10, 2009 5:54am
Quoting CAnthonyMVE
11 am ny time
Thanks.

That was a quick nap I must say!
  • #63,418
  • Feb 10, 2009 5:54am Feb 10, 2009 5:54am
just woke up from m nap b4 i went to sleep dow was down triple digits
  • #63,419
  • Feb 10, 2009 5:54am Feb 10, 2009 5:54am
Be careful !Sometimes it will not be as expectedMaybe EUR will go up instead of going down as many thoughtLike Gold, many are expecting it will go down to buyBut maybe notIt may go up with no return todayWho knows
  • #63,420
  • Feb 10, 2009 5:57am Feb 10, 2009 5:57am
Quoting gregam1128
Thanks.

That was a quick nap I must say!

lol it was let me correct myself though the sec of treas is going to come on and outline the plan at 11 i dont rmember if they were voting at the same time but my guess is they are because the news casters keep talking about waiting for 11 for the stock markets to move
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