Attachments: EURUSD

EURUSD

#79,201
Mar 24, 2009 10:21am Mar 24, 2009 10:21am

Driver55
Joined Apr 2007 | Status: Trader | 3,055 Posts

I have set my long order at 3519 for eurusd

EDIT: This may be a minor wave 2 ... wave3 as target 3625-3650

The best thing that can happen to you is to find out where you're wrong.

#79,202
Mar 24, 2009 10:24am Mar 24, 2009 10:24am

altrader
| Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts

On my chart we hit the 50% Fib therefore we should head down to the 138.2% level.

If some Fib experts could quickly check my chart to see if i'm interpretting the fib correctly, that would be great.

I'm applying fxbootcamp fib technique to my chart so I"m just hoping that I'm understanding fib extensions correctly.

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#79,203
Mar 24, 2009 10:27am Mar 24, 2009 10:27am

Driver55
Joined Apr 2007 | Status: Trader | 3,055 Posts

Quoting altrader

Disliked

On my chart we hit the 50% Fib therefore we should head down to the 138.2% level.

If some Fib experts could quickly check my chart to see if i'm interpretting the fib correctly, that would be great.

I'm applying fxbootcamp fib technique to my chart so I"m just hoping that I'm understanding fib extensions correctly.

Ignored

I do not agree. We made a new low and you also get a relative maximum.

The best thing that can happen to you is to find out where you're wrong.

#79,204
Mar 24, 2009 10:28am Mar 24, 2009 10:28am

Tenshi28
| Joined Mar 2009 | Status: Trader | 234 Posts

Quoting altrader

Disliked

On my chart we hit the 50% Fib therefore we should head down to the 138.2% level.

If some Fib experts could quickly check my chart to see if i'm interpretting the fib correctly, that would be great.

I'm applying fxbootcamp fib technique to my chart so I"m just hoping that I'm understanding fib extensions correctly.

Ignored

I am not an expert by all means, but my personal opinion is that fibonacci is not that reliable in short time frames like 15m.

Just my two cents.

#79,205
Mar 24, 2009 10:28am Mar 24, 2009 10:28am

ak4x
Joined Aug 2007 | Status: TARFU... | 7,015 Posts

Current 1hr chart I'm watching... My bias is still up ((green arrow)) after the noise settles down, break and clear of current support at 3500/20ish would reconsider.

Waiting on a break and clear of the 3550/60 area ((M2 pivot)) to get things moving again to the north. Samo-samo...

Only thing that surprised me a little is that the recent low didn't try harder to clear some stops below 3480 level. You know that's gotta be a gold mine. On the other hand, looks like Buyers came in with a vengeance. Again...

Quoting ak4x

Disliked

...What is fairly clear is yes there is some firm Resistance at a'rd the 3740 level, and the support levels are a little wobbly BUT the Buyers have stepped in with enthusiasm a'rd the 35ooish levels...

Ignored

Still long on dips....

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FUBAR...

#79,206
Mar 24, 2009 10:28am Mar 24, 2009 10:28am

altrader
| Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts

Quoting Driver55

Disliked

I do not agree. We made a new low and you also get a relative maximum.

Ignored

ahh ok. I guess I'm drawing the fib wrong. I'll go back and do some more research. Thanks Driver55

#79,207
Mar 24, 2009 10:32am Mar 24, 2009 10:32am

altrader
| Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts

Quoting ak4x

Disliked

Current 1hr chart I'm watching... My bias is still up ((green arrow)) after the noise settles down, break and clear of current support at 3500/20ish would reconsider.

Waiting on a break and clear of the 3550/60 area ((M2 pivot)) to get things moving again to the north. Samo-samo...

Only thing that surprised me a little is that the recent low didn't try harder to clear some stops below 3480 level. You know that's gotta be a gold mine. On the other hand, looks like Buyers came in with a vengeance. Again...

Still long on dips.... ...

Ignored

Quick question ak4x:

Did you draw your fib so that the 100% level is at the top of the chart because you looked at the Daily trend and see that it is up. Or what made you draw your fib in the up direction as opposed to the low direction on the hourly chart?

ps--I recall you saying months ago that newbies should check out the fxbootcamp youtube videos. I've been doing that today so I'm working that as another part of my research & practice.

#79,208
Mar 24, 2009 10:34am Mar 24, 2009 10:34am

OzorioFX
| Joined Apr 2008 | Status: The biggest Among Canhetas | 119 Posts

Eurusd currently in downside activity, respecting the EMA15 and closing always off of it. This last test will lead us down, so im short since 1.5350 targetting 50 pips. SL above 1.3590.

#79,209
Mar 24, 2009 10:37am Mar 24, 2009 10:37am

OzorioFX
| Joined Apr 2008 | Status: The biggest Among Canhetas | 119 Posts

Forgot to say, USDCHF waiting for this to settle to go down, may help later rebound on EURUSD. DAily emas have crossed yesterday and we are somehow in the same price so i antecipate at least 100 pips in the downside. SL 50 pips above the entry price.

#79,210
Mar 24, 2009 10:48am Mar 24, 2009 10:48am

Driver55
Joined Apr 2007 | Status: Trader | 3,055 Posts

if we open at 12.00h NY Time above 3548.. is a good sign for the longs

The best thing that can happen to you is to find out where you're wrong.

#79,211
Mar 24, 2009 11:30am Mar 24, 2009 11:30am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

The way it moves today is very suspicious ,with most eur positive news boost down & at arround + US news UP again .the last up may be just news reaction and it seems reverse not from any strong support ,Immediate relatively strong sr is H4 6/8MM, pivot major reverse at 1.3423.

now trying to break H1 6/8MM pivot major reverse at 1.3550 , I see it breaks but if fails to stay above can again easily come down to previous SR levels and if stays up will get support here to go up.again this the area of H4 7/8MM weak,stall & reverse ,if not cross fast then can move up & down in this area again and even down where it comes from.

fontu

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Not understand?better not follow my analyses!doubt clearer first, risks ++

#79,212
Mar 24, 2009 11:41am Mar 24, 2009 11:41am

belief
| Joined Jun 2006 | Status: Trader | 409 Posts

thinking of short if 15m close below green line, any like minds?

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#79,213
Mar 24, 2009 11:43am Mar 24, 2009 11:43am

TheLastCoke
| Commercial User | Joined Feb 2009 | 5,030 Posts

Just answer yes or no!!!
ATT: House Financial Services Committee

#79,214
Mar 24, 2009 11:45am Mar 24, 2009 11:45am

ak4x
Joined Aug 2007 | Status: TARFU... | 7,015 Posts

Quoting altrader

Disliked

Quick question ak4x:

Or what made you draw your fib in the up direction as opposed to...

ps--I recall you saying months ago that newbies should check out the fxbootcamp youtube videos.

Ignored

I always do it that way cuz I've always done it that way... seriously. These old post links may help a little bit ((or confuse you more))
http://www.forexfactory.com/showpost...ostcount=55189
http://www.forexfactory.com/showpost...ostcount=49392

The thing is I draw them one way, look for where I am in agreement with PA over a given TF, and then watch those levels until something changes that dynamic, or it's more convenient to shift the anchors. Happens a lot on the lower TF's, Scotty calls it "growing the fib".

About those videos... No idea what you're talking about, sure it was me? Glad they're helping, but it doesn't ring any bells in my belfry... too full of bats I s'pose.

FUBAR...

#79,215
Mar 24, 2009 11:45am Mar 24, 2009 11:45am

dbfusion
| Joined Mar 2009 | Status: Trader | 2,247 Posts

Quoting belief

Disliked

thinking of short if 15m close below green line, any like minds?

Ignored

I am afraid to do so i see bullish deversion in tthe 15min chart
and volatile price action
plus symptoms of trend change to bullish
i wouldn't short , I will wait for some kind of confirmation of going north

I SEE YOU !!