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EURUSD

  • #74,321
  • Mar 11, 2009 9:15pm Mar 11, 2009 9:15pm
Closed half of my longs ........ looks more like a bull trap to me.
The Thief of Wall Street
  • #74,322
  • Mar 11, 2009 9:20pm Mar 11, 2009 9:20pm
RSI is right in the middle Stoch heading for oversold candle sticks heading for bottom B BAND i wont be going long or short untill the next 4H Candle closes
  • #74,323
  • Mar 11, 2009 9:23pm Mar 11, 2009 9:23pm
I like the signs for bears right now. Bearish divergence on the 15M and all the other charts I'm looking at look nice as well. Sorry, I've never posted a chart, I guess I need to learn.
  • #74,324
  • Mar 11, 2009 9:28pm Mar 11, 2009 9:28pm
We have a shooting star in 1H chart, we could see 1.25 today if there is a massive selloff in DJ.
Liz
  • #74,325
  • Mar 11, 2009 9:31pm Mar 11, 2009 9:31pm
Quoting Lizeth_doll
We have a shooting star in 1H chart, we could see 1.25 today if there is a massive selloff in DJ.
I'm afraid DJ is closed right now
New voice message: Why are you calling me? If I need you, I'll call you!
  • #74,326
  • Mar 11, 2009 9:33pm Mar 11, 2009 9:33pm
Quoting Lizeth_doll
We have a shooting star in 1H chart, we could see 1.25 today if there is a massive selloff in DJ.
Hope so too. Euro is way overbought now and it is struggling to go further up. 1.28 to 1.25 is quite a distance but you never know!
  • #74,327
  • Mar 11, 2009 9:34pm Mar 11, 2009 9:34pm
Quoting KillerWhale
I'm afraid DJ is closed right now
Lazy bastards!
  • #74,328
  • Mar 11, 2009 9:35pm Mar 11, 2009 9:35pm
humming theme for jepardy..
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #74,329
  • Mar 11, 2009 9:37pm Mar 11, 2009 9:37pm
This is what I am seeing at the present time.

Taking into consideration current price. The daily has a tendency to reverse in the 2880 area. To me that only means it is something to watch before entering a position.

With the exception of last December, the 1 hr respects 2 areas on the BB. Settings of 200/2, 200/3, 200/4. Generally, if the 1hr breaks the 200/2 it will reverse in the 200/3 area (as shown). Today, if it breaks that level I can see 2960 as the next area to watch for a reversal.

I see present pa as sideways to up.
Attached Image
  • #74,330
  • Mar 11, 2009 9:37pm Mar 11, 2009 9:37pm
Quoting NuckingFuts
Sorry, I think I just got what your question was after

It's the quality of the formation I am most concerned with.

How do I explain...

A narrow, clean trading range/channel is what I look for. Zoom out a timeframe or two and the good ones look like one bar channels or close to it anyway.

Here's an example of a bear flag on the 15 minute, expanded out to the hourly.

Notice there's is not really a strong "sharp" move down prior to it.

Attachment
Attachment
OK, Fine, I agree the graphic/PA suggested this BUT Just because it Reversed doesn't mean You can call a Channel a Flag.

But I'm sure you will for some years to come.. ce la vie..
  • #74,331
  • Mar 11, 2009 9:38pm Mar 11, 2009 9:38pm
Quoting Lizeth_doll
We have a shooting star in 1H chart, we could see 1.25 today if there is a massive selloff in DJ.

LMAO I HIGHLY doubt we will see 2500 "TODAY"
  • #74,332
  • Mar 11, 2009 9:38pm Mar 11, 2009 9:38pm
Quoting dallavise
Lazy bastards!
DJ is 6813 righ now, in a very narrow band, about to go eithr way.
The Thief of Wall Street
  • #74,333
  • Mar 11, 2009 9:40pm Mar 11, 2009 9:40pm
Quoting Chicky
DJ is 6813 righ now, in a very narrow band, about to go eithr way.
Now one pip down to 6812
The Thief of Wall Street
  • #74,334
  • Mar 11, 2009 9:41pm Mar 11, 2009 9:41pm
Quoting Chicky
DJ is 6813 righ now, in a very narrow band, about to go eithr way.
I have a hard time believing the DJ will trade up three days in a row, but maybe that's just because I forgot how that actually works. I wonder when was the last time we had three positive trading days in a row. Hmm.
  • #74,335
  • Mar 11, 2009 9:42pm Mar 11, 2009 9:42pm
Quoting dallavise
Lazy bastards!
I agree, they should be on the job 24/7, like we do.
But besides of that, how big is the chance for EU to go down 233 pips overnight to 1.2500? I guess about zero.

But who am I?, I'm only right 9 out of 11 times. (Just checked it, I won in 9 weeks this year so far and lost in 2 weeks.
But my losing weeks were 2 times bigger than my winning weeks.
So go figure.
Can anyone do the math for me?

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #74,336
  • Mar 11, 2009 9:45pm Mar 11, 2009 9:45pm
I think we got a head fake up right now, leading to a downward move, but that might be part wishful thinking, but the other part is fairly objective, in a hopeful sort of way.
  • #74,337
  • Mar 11, 2009 9:45pm Mar 11, 2009 9:45pm
Quoting KillerWhale
Can anyone do the math for me?

Shamu
That's 81%. Another point and you will catch me. However, I am in a loser right now.
  • #74,338
  • Mar 11, 2009 9:47pm Mar 11, 2009 9:47pm
On 23 FEB, Euro was at a high of about 1.2991 and it dropped it a low of 1.2662. That is about 329 pips. Anything is possible but this is unlikely to happen today in one day.
  • #74,339
  • Mar 11, 2009 9:47pm Mar 11, 2009 9:47pm
Quoting dallavise
I have a hard time believing the DJ will trade up three days in a row, but maybe that's just because I forgot how that actually works. I wonder when was the last time we had three positive trading days in a row. Hmm.
If I correctly remember, Month of March last two consecutive years had been very critical for DJ ...... 2009 is third March when anything can happen.
The Thief of Wall Street
  • #74,340
  • Mar 11, 2009 9:51pm Mar 11, 2009 9:51pm
todays the first day of the rest of your life.. do something productive..smile ..be one with the pair grasshopper.. .lets light this candle!!
those who can, do. those who cant, talk about those who can
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