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  • #74,281
  • Mar 11, 2009 9:14pm Mar 11, 2009 9:14pm
I am just being very cautious right now. I have no confidence in the moves in either direction so I am simply watching and grabbing a few liitle scalps here and there.

I know this wasn 't a very useful post, but hey...I'm just letting you know where my head is at....
  • #74,282
  • Mar 11, 2009 9:17pm Mar 11, 2009 9:17pm
i personally think the pair is going to break for the upside when i have no clue
  • #74,283
  • Mar 11, 2009 9:19pm Mar 11, 2009 9:19pm
if my prediction is right we will see some dollor strength in the comming weeks
  • #74,284
  • Mar 11, 2009 9:20pm Mar 11, 2009 9:20pm
Quoting CAnthonyMVE
if my prediction is right we will see some dollor strength in the comming weeks
would you pick me some lottery numbers peaze help??
those who can, do. those who cant, talk about those who can
  • #74,285
  • Mar 11, 2009 9:20pm Mar 11, 2009 9:20pm
Canthony, weren't your last two posts a little contradictory?
  • #74,286
  • Mar 11, 2009 9:23pm Mar 11, 2009 9:23pm
if we dont break u are almost gaurenteed to test the days highs again
  • #74,287
  • Mar 11, 2009 9:24pm Mar 11, 2009 9:24pm
Quoting Doniboy
Canthony, weren't your last two posts a little contradictory?
im bullish short term im sorry i wasnt more clear
  • #74,288
  • Mar 11, 2009 9:25pm Mar 11, 2009 9:25pm
Quoting gatorinla
would you pick me some lottery numbers peaze help??

lol i dont play but this is based on what is on the charts
  • #74,289
  • Mar 11, 2009 9:45pm Mar 11, 2009 9:45pm
The present time is not the best time to be selecting directions. Tokyo tea time or whatever they call it. I don't want to be adding short and have some guy souped up on saki push the wrong button. So I will wait for a couple hour candles for final decision.

I see 2870/80 as a possibility and if that breaks 2900 is not out of the question.

On the short side my first target is "save my butt" and after that 2790 down to 2730.
  • #74,290
  • Mar 11, 2009 9:51pm Mar 11, 2009 9:51pm
Quoting gatorinla
would you pick me some lottery numbers peaze help??
36 24 36
The Thief of Wall Street
  • #74,291
  • Mar 11, 2009 9:55pm Mar 11, 2009 9:55pm
Quoting NuckingFuts
IMO the pole has little meaning to the pattern except the measuring of projected targets. I take note of this, but do not rely on it. I use PA to determine my exits as it is much more reliable. It's the formation of the flag/pennant without the pole that matters most.

You can have bullish channels that are exactly the same as a bull flag except they occur at the end of a bear run. We actually have one right now on the EU daily (first pic below). Much the same as rising/falling wedges which are exactly the same formation as pennants except the pole...
We are so fortunate that we do not see all scenarios in the same light.
Otherwise; who would Trade with me?

btw,
Q) when do you decide it is no longer a flag but possibly a Channel? 5 Bars? 10, 15, 40?
Just asking...
  • #74,292
  • Mar 11, 2009 10:02pm Mar 11, 2009 10:02pm
Quoting Chicky
36 24 36
gee thanx... now i cant get that song out me head...*L* what song? what head? oh that one.. now you got me all screwed up..i got a head ache... i dont know where im heading..im head strong i guess.. and lossing blood pressure... call 911 i got that 4 hour thing going on...
those who can, do. those who cant, talk about those who can
  • #74,293
  • Mar 11, 2009 10:04pm Mar 11, 2009 10:04pm
Quoting Bemac
We are so fortunate that we do not see all scenarios in the same light.
Otherwise; who would Trade with me?

btw,
Q) when do you decide it is no longer a flag but possibly a Channel? 5 Bars? 10, 15, 40?
Just asking...
looks like a good channel to me..could be wrong though ..
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 237 KB
If you need something important don't hesitate to ask someone else.....
  • #74,294
  • Edited 10:13pm Mar 11, 2009 10:07pm | Edited 10:13pm
so far , euro has retraced .764 % of the move from 1.2990 to 1.2456. 1.2900 area is strong s/r from weekly chart. if price can base above 1.2780/2800, I look for a test of that level. chart is really choppy. you can almost find s/r levels at every 00/50 Here is a daily chart showing fibs on move down from 1.4718. a short is tempting for a scalp but it sure looks like price wants to touch 1.3000. I'll probably stay flat untill after the asian fix and london comes on.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart aa1.JPG Size: 102 KB
  • #74,295
  • Mar 11, 2009 10:11pm Mar 11, 2009 10:11pm
Quoting Chicky
36 24 36

heeeey i LOVE those numbers
  • #74,296
  • Mar 11, 2009 10:20pm Mar 11, 2009 10:20pm
Quoting cdrmaster
looks like a good channel to me..could be wrong though ..
On the other hand...
You could be 100% right.
Play it as You See It. You Have to. Otherwise, who are you going to blame if you're wrong? Not Me I hope.

Pardon me but i diddled with your chart....
{yeah yeah all you prefix's... bring it...}
Attached Image (click to enlarge)
Click to Enlarge Name: Mar 11 09 EURUSD.PNG Size: 575 KB
  • #74,297
  • Mar 11, 2009 10:21pm Mar 11, 2009 10:21pm
Quoting CAnthonyMVE
heeeey i LOVE those numbers
Those are no numbers ......... Figures
The Thief of Wall Street
  • #74,298
  • Mar 11, 2009 10:24pm Mar 11, 2009 10:24pm
Quoting Bemac
On the other hand...
You could be 100% right.
Play it as You See It. You Have to. Otherwise, who are you going to blame if you're wrong? Not Me I hope.

Pardon me but i diddled with your chart....
{yeah yeah all you prefix's... bring it...}
Sooner or later it is gonna break out of this channel and I think it is sooner rather than later and my bias is to the upside.
Daily has higher highs and higher lows for a number of days now.

Just my opinion.
Lots of people say: "my 2 pips", but I don't give pips away, so I say "my opinion" and keep al the pips for myself.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #74,299
  • Mar 11, 2009 10:31pm Mar 11, 2009 10:31pm
Quoting KillerWhale
Sooner or later it is gonna break out of this channel and I think it is sooner rather than later and my bias is to the upside.
Daily has higher highs and higher lows for a number of days now.

Shamu
KillerWhale,

I think you are right. I am afraid we might see a sharp move to the upside.
  • #74,300
  • Mar 11, 2009 10:31pm Mar 11, 2009 10:31pm
Quoting KillerWhale
Sooner or later it is gonna break out of this channel and I think it is sooner rather than later and my bias is to the upside.
Daily has higher highs and higher lows for a number of days now.

Just my opinion.
Lots of people say: "my 2 pips", but I don't give pips away, so I say "my opinion" and keep al the pips for myself.

Shamu
The daily is also close to one of it's favorite reversal areas @2880. So the game is afoot. Up or down.
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