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  • #64,681
  • Feb 12, 2009 5:15pm Feb 12, 2009 5:15pm
Quoting gatorinla
dono.. but it did miss a 50% retrace by 50 pips.. and the uc surpassed its 62% retrace.. might both headed down now..depending on news.. just a thought
plz someone help me what i shall do iam in short and in margin 50%
is that posiblem eure willgo up morethe 1.2900
or not anymore it will go down
  • #64,682
  • Feb 12, 2009 5:16pm Feb 12, 2009 5:16pm
Quoting Driver55


GBPCHF short 1.1638


More likely usd/chf

cheers
  • #64,683
  • Feb 12, 2009 5:17pm Feb 12, 2009 5:17pm
Quoting Elghoz
plz someone help me what i shall do iam in short and in margin 50%
is that posiblem eure willgo up morethe 1.2900
or not anymore it will go down
try heels
those who can, do. those who cant, talk about those who can
  • #64,684
  • Feb 12, 2009 5:29pm Feb 12, 2009 5:29pm
Quoting gatorinla
lindsee
if you dont mind set you ruler to this..just something to confirm w. lots of noise with oil, stimules but need to keep it in mind..if market goes up with stimules the oil may follow and be the perfect storm..

check out the weekly using lines on the chf.. the 62% 1.6828 retrace has been hit and actually surpassed.. c what you think.. i got that maybe going down plus a big W on the eu monthy.. im thinking a big bear bull fight then maybe reverse.... excluding all the market noise right now..let me know
Ok I'm working on it now.
Let Freedom Ring!
  • #64,685
  • Feb 12, 2009 5:34pm Feb 12, 2009 5:34pm
Nice trades Driver55..

  • #64,686
  • Feb 12, 2009 5:43pm Feb 12, 2009 5:43pm
Quoting Elghoz
plz someone help me what i shall do iam in short and in margin 50%
is that posiblem eure willgo up morethe 1.2900
or not anymore it will go down
The truth is NOBODY knows for sure where price will go and won't go. This is why we should always use stop losses and appropriate position sizing.
  • #64,687
  • Feb 12, 2009 5:55pm Feb 12, 2009 5:55pm
Quoting Elghoz
plz someone help me what i shall do iam in short and in margin 50%
is that posiblem eure willgo up morethe 1.2900
or not anymore it will go down
what kind of help could anyone give you? nobody controls the market.

if you're looking for someone who would pat you on the back and say EU is going down, then ok:

*pats elghoz on back.* looks like EU is going down. (i might be wrong, tho')

(im a noob but i know darn well not to use even 10% of my account in a single trade. good luck elghoz.)
  • #64,688
  • Feb 12, 2009 6:03pm Feb 12, 2009 6:03pm
Assuming the darn thing continues up here are your numbers.
Targets 1.1487, 1.1627, 1.1853 pips respectively are 592, 732,958.
ratios are 6.9, 8.5 11.1 also respectively

Retracement from 61.8 1.0895 1.0809
Let Freedom Ring!
  • #64,689
  • Feb 12, 2009 6:07pm Feb 12, 2009 6:07pm
Quoting lindee
Assuming the darn thing continues up here are your numbers.
Targets 1.1487, 1.1627, 1.1853 pips respectively are 592, 732,958.
ratios are 6.9, 8.5 11.1 also respectively

Retracement from 61.8 1.0895 1.0809
*L* i was thinking lower in sink with eur.. *LMAO*
those who can, do. those who cant, talk about those who can
  • #64,690
  • Feb 12, 2009 6:13pm Feb 12, 2009 6:13pm
Quoting lindee
Assuming the darn thing continues up here are your numbers.
Targets 1.1487, 1.1627, 1.1853 pips respectively are 592, 732,958.
ratios are 6.9, 8.5 11.1 also respectively

Retracement from 61.8 1.0895 1.0809
Just got back, checked the gift. All I can say is http://www.forexfactory.com/images/icons/icon10.gif

Good pipping to everyone.
  • #64,691
  • Feb 12, 2009 6:13pm Feb 12, 2009 6:13pm
Quoting gatorinla
*L* i was thinking lower in sink with eur.. *LMAO*
LOL I was looking at that it look very similar to eu doesn't it?
Let Freedom Ring!
  • #64,692
  • Feb 12, 2009 6:13pm Feb 12, 2009 6:13pm
EU 1hr chart starting from a'rd noon of last Friday Feb 6th... and including new pivots for today from 5pm EST.

The TL anchor ends in the yellow circles are drawn not from the Hi/Lo wick ends, but from the S/R zones that the market was respecting and able to sustain at the time based on a 1hr TF.

The white shaded bars are horizontal S/R levels that have held true thruout the week. You can see inside the Aqua circles where price would either congest or bounce at those levels as the week progressed. I didn't draw all of them but you can find others as well.

This is just one way to help filter out various spikes and/or spells of PA due to whatever causes that the market did NOT support for any length of time and gives a different picture of PA imo. I could have as easily stepped the Grey LTL down one step to the next layer of candle Lows, but those fall outside the bulk of the PA zone and don't suit my purpose here.

As you can clearly see since last Friday noon, the Aqua UTL has held price far stronger than the LTL... That is a clue for me and contributes to my bearish bias ((red arrow)). I've gotten stopped out of several trades today, with 2 of them hitting my somewhat generous SL's literally to the pip right before dropping several dozens of pips, but Ive still taken more than I gave back and am satisfied with the day.

It has been a hard fought campaign since last night, and anybody that got beat up today shouldn't feel any the less for it. Better to Learn What You Can from the losses and turn the tables on your adversary the next time a'rd. Or you can keep rolling the dice and hoping for the best until you have been flayed and filleted... it won't take long in this environment.

The most recent assault on the UTL ((yellow circle)) which also converges with the M3 Pivot looks to be weakening atm, but anytime you're near a strong TL, lots of Caution is warranted.

Careful trades all... http://www.forexfactory.com/attachme...1&d=1234483472

(("Encore" short running from 2900 on second hit of M3 ((again)) with +1 locked and keeping a sharp eye out))
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1hr s-r levels.png Size: 73 KB
FUBAR...
  • #64,693
  • Feb 12, 2009 6:16pm Feb 12, 2009 6:16pm
Quoting gatorinla
*L* i was thinking lower in sink with eur.. *LMAO*
ok so I'm a little slow tonight. I'm LMAO at me also.
lindee
Let Freedom Ring!
  • #64,694
  • Feb 12, 2009 6:18pm Feb 12, 2009 6:18pm
Quoting gregam1128
Just got back, checked the gift. All I can say is http://www.forexfactory.com/images/icons/icon10.gif

Good pipping to everyone.
gregam don't want to confuse anyone those number are for CHF.
Let Freedom Ring!
  • #64,695
  • Feb 12, 2009 6:25pm Feb 12, 2009 6:25pm
watch close now guys, as price either brake the tri... upwards or retrace back down till tomorrow after londom and NY opens... will be a hell of a ride.. good trade every one..
Attached Image (click to enlarge)
Click to Enlarge Name: Price 1.jpg Size: 106 KB
  • #64,696
  • Feb 12, 2009 6:26pm Feb 12, 2009 6:26pm
Quoting lindee
LOL I was looking at that it look very similar to eu doesn't it?
if eu goes up chf will go down.. that lower weekly pattern if it works out will confirn the eu W..makes me feel better about W if uc doesnt make any more new highs..time will tell..until if eu makes lower lows and chf makes higher highs. its a spring coiling tighter..not ready to bet the farm but not shorting eu at this time unless against a channel upper line..with tight sl ..and will long it on lows...
those who can, do. those who cant, talk about those who can
  • #64,697
  • Feb 12, 2009 6:26pm Feb 12, 2009 6:26pm
Ak4x, really admire your chart. I’m a scalper but thinking to swing for more pips one day.
  • #64,698
  • Feb 12, 2009 6:35pm Feb 12, 2009 6:35pm
Quoting gatorinla
if eu goes up chf will go down.. that lower weekly pattern if it works out will confirn the eu W..makes me feel better about W if uc doesnt make any more new highs..time will tell..until if eu makes lower lows and chf makes higher highs. its a spring coiling tighter..not ready to bet the farm but not shorting eu at this time unless against a channel upper line..with tight sl ..and will long it on lows...
Yeah, I'm keeping a close eye on the trend line across the bottom of the w. I just haven't done much on Chf. I understand some of the correlation but still have a lot to learn that's why I ask'd you. I knew that they are suppose to be polar opposites which is why I don't understand that they look similar on the weekly.
Let Freedom Ring!
  • #64,699
  • Feb 12, 2009 6:35pm Feb 12, 2009 6:35pm
crazy movement today wow
  • #64,700
  • Feb 12, 2009 6:48pm Feb 12, 2009 6:48pm
Quoting ak4x
EU 1hr chart starting from a'rd noon of last Friday Feb 6th... and including new pivots for today from 5pm EST.

The TL anchor ends in the yellow circles are drawn not from the Hi/Lo wick ends, but from the S/R zones that the market was respecting and able to sustain at the time based on a 1hr TF.

The white shaded bars are horizontal S/R levels that have held true thruout the week. You can see inside the Aqua circles where price would either congest or bounce at those levels as the week progressed. I didn't draw all of them but you can find others...

do u mean by ur chart eur usd will go down till 1.2864 plz reply
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