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  • #68,741
  • Feb 24, 2009 5:14pm Feb 24, 2009 5:14pm
Quoting cdrmaster
the pic you are trying to upload is probably a bmp .. just open the pic and resave it as a jpeg and it shoudl auto make it smaller..
OK thx... will give it a try... yes it was bmp.
  • #68,742
  • Feb 24, 2009 5:15pm Feb 24, 2009 5:15pm
Quoting traderathome
Well, I don't see anyone posting a supporting chart. So here is the 1H chart I see, which tells a BULLISH story based on Divergence.
We can only go up for so long, you might have missed the boat on that one if you didnt get in. Possible buy the rumor, sell the news type with Obama coming on here soon.
  • #68,743
  • Feb 24, 2009 5:17pm Feb 24, 2009 5:17pm
Quoting Byrd
Double top forming.... I'm not here to fight you man.
Since MACD vs Chart does not support the call of Divergence, if there is indeed any on another indicator it is not getting enough confirmation from other indicators to place much confidence in it. Just my opinion.
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  • #68,744
  • Feb 24, 2009 5:17pm Feb 24, 2009 5:17pm
Quoting Forbes55
now I see how FXOpen cheats people, they constantly have 20 pips difference exactly only on this pair EURGBP while other brokers are OK
Punishing time for them is coming soon I tell you!
The subject of this broker is getting old.

Do something about it and show us the final results but don't just yap about it here.

$h!t of get off the pot!
Not all sins are created equal
  • #68,745
  • Feb 24, 2009 5:23pm Feb 24, 2009 5:23pm
...Waiting for this pair (eur/usd) go to 1.2800 ...
Liz
  • #68,746
  • Feb 24, 2009 5:25pm Feb 24, 2009 5:25pm
Quoting Lizeth_doll
...Waiting for this pair (eur/usd) go to 1.2800 ...
Lizeth currently seems like it is going to go to 1.2910 and then could go to 1.28...
  • #68,747
  • Edited 5:41pm Feb 24, 2009 5:27pm | Edited 5:41pm
Quoting Byrd
We can only go up for so long, you might have missed the boat on that one if you didnt get in. Possible buy the rumor, sell the news type with Obama coming on here soon.
I have profited over a thousand pips so far this week, trading in both directions. So, I do not feel I have missed out on anything.

Psiholog trades on instinct, and he is cautioning about the resistance around 1.2870, and about the possible "M" formation. His cautioning may prove prophetic. On the other hand, sooner or later strong resistance is broken, and usually at a time when no one suspects it to be broken.

Time will tell.
  • #68,748
  • Feb 24, 2009 5:27pm Feb 24, 2009 5:27pm
there double top and devergent...
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If you need something important don't hesitate to ask someone else.....
  • #68,749
  • Feb 24, 2009 5:31pm Feb 24, 2009 5:31pm
Just catching up here and seems to be a lot of bears grasping for reasons why we "should" be going down. People trying to predict double tops? I can't ever think of a time I tried to predict a double top, I just see them when/if they happen and play off that. If I ever do try, I think I'd slap myself across the face and tell myself to wake up from my desperation and either flip my position or get out of the market.

I'm not trying to offend anyone (I know I can be blunt), but honestly think about what you're doing.

I'd be wanting to add longs on any significant retracement right now. I'm not trying to say I know what's going to happen, but I'm following PA like everyone should be doing.
  • #68,750
  • Feb 24, 2009 5:32pm Feb 24, 2009 5:32pm
Quoting traderathome
Well, I don't see anyone posting a supporting chart. So here is the 1H chart I see, which tells a BULLISH story based on Divergence.
But isn't it possible that the div could have already occurred and is now over? I'm not saying either way (neutral at this point). If the divergence begins at that second oscillator dip, we have gone through quite a few periods of it after that point.
  • #68,751
  • Feb 24, 2009 5:33pm Feb 24, 2009 5:33pm
One could see an ascending triangle too... it all sums up to probabilities, as usual... sometimes the simplest things are the best...

I'm just watching though, no trade for me in Asia session unless an unexpected event happens
Traders are smartasses
  • #68,752
  • Feb 24, 2009 5:35pm Feb 24, 2009 5:35pm
I'm just watching right now too....getting to high up for my likeing before I know what it is going to do...
If you need something important don't hesitate to ask someone else.....
  • #68,753
  • Feb 24, 2009 5:45pm Feb 24, 2009 5:45pm
Quoting TradeWell
But isn't it possible that the div could have already occurred and is now over? I'm not saying either way (neutral at this point). If the divergence begins at that second oscillator dip, we have gone through quite a few periods of it after that point.
Yes, and that is a good question, TradeWell. And the situtation is further complicated by not knowing HOW LONG the resultant move off of the Divergence will actually last. Seems like the Bulls and the Bears are on a see-saw here!
  • #68,754
  • Feb 24, 2009 5:45pm Feb 24, 2009 5:45pm
Quoting Hss27
Lizeth currently seems like it is going to go to 1.2910 and then could go to 1.28...
You might have a better shorting opportunity around 2960 where the current up channel support meets the 76.4 Fib (2/9 high to 2/18 low).

It seems to have retraced at each of the previous fibs on this current upward retracement.

This also corresponds to the top of the current down channel and will be a bounce off of the 200 MA (4hr chart), and 2960 has been support turned resistance many times over the last 2 months.

Pay attention to price action as it moves toward that point as it could stall below that and turn around sharply if EUR weekens or USD strengthens in fundys.

{edit} I wanted to add that the way that I am reading the 4hr Divergence (stochs making lower lows while price is making higher lows)... it has been my experience that 4hr divergences are fantastic tools to open my eyes to POTENTIAL reversal in price action... since price is making higher lows and higher highs right now I would expect to see this current up move fall short of a new high and thus reverse this micro trend back into the longer timeframe down trend.

I am anticipating a large drop based solely on technical analysis around the 2950 to 2960 area but will be paying close attention as PA moves toward 2915 as this is where I find the potential stalling point.


Peace
  • #68,755
  • Edited 5:56pm Feb 24, 2009 5:47pm | Edited 5:56pm
Hi everyone,

Very nice chart patterns today.
See a double top on 15m and 5m. 1h cup&handle.
All good and fine.
I will wait till retrace took place and between 1.2816 and 1.2833 for a long. When it breaks 1.2815 and goes lower we might see possible short at 1.2700.

Good trading everyone.

no charts as had been posted by so many ppl before

Edit: ok maybe a chart explains it better
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Trade on your own risk Plan your trade&trade your plan dont be a
  • #68,756
  • Feb 24, 2009 6:05pm Feb 24, 2009 6:05pm
Yes, a retracement is possible and debatable. Another factor that I tend to look at when not sure is the crosses Yen. I found that this one is the leader in terms of direction with some exception.
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  • #68,757
  • Feb 24, 2009 6:07pm Feb 24, 2009 6:07pm
Quoting PracticalPip
Funny, I'm sittin on a cushion of pleasure and have been for some time.
Well see, now ain't that the point. Not whether you are a suffering or happy bull or bear but where you enter and exit.
  • #68,758
  • Feb 24, 2009 6:12pm Feb 24, 2009 6:12pm
back from boobie city (chocolate city).. i got my fill of outside boobie for another year i see my 2900 eu short entry was not hit.. while gone.. oh well .. part of the santa trade.. also my gu at the un heard of price of 4900 was not hit either... but the week is still young..gy trade entry last week up almost 900 pips entry 131.50 tp 155... then maybe more....

oh and i apoligise to the lady.. cause i did not intend on going to brazil...or columbia... but if it was belize or honduras im there... *L*

any way hello.. everyone .. boobies put me in a good mood...happy pips to all..
those who can, do. those who cant, talk about those who can
  • #68,759
  • Feb 24, 2009 6:19pm Feb 24, 2009 6:19pm
Hi Gator

You should have told me about the boobies. I like boobies and I feel like I missed out
Not all sins are created equal
  • #68,760
  • Edited 6:22pm Feb 24, 2009 6:21pm | Edited 6:22pm
Quoting PracticalPip
Just catching up here and seems to be a lot of bears grasping for reasons why we "should" be going down....
i see you are an arrogant SOB, of the types i don't like.

and i am bearish this pair, ok

i please, all other respected folks, to forgive me for this
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