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EURUSD

  • #80,141
  • Mar 26, 2009 4:06am Mar 26, 2009 4:06am
100% risk
no trades this morning yet...
I still like the bull flag for my longs since 1.2x
  • #80,142
  • Mar 26, 2009 4:18am Mar 26, 2009 4:18am
EUR-USD Coiling for a big break-out. The closer it gets to the tip of the triangle the 1) less the impact of break-out 2) the less predictable the direction.
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  • #80,143
  • Mar 26, 2009 4:20am Mar 26, 2009 4:20am
I'm all out at the moment and may not be trading at all today. However, I see a good possibility for a drop to the 3500-3508 area within the next few hours, w/ a strong bounce up from there. This is a break down from the current triangle w/ a bounce at the trendline on daily chart.
  • #80,144
  • Mar 26, 2009 4:34am Mar 26, 2009 4:34am
In my opinion, E/U will soon down.
  • #80,145
  • Mar 26, 2009 4:42am Mar 26, 2009 4:42am
Attached Image (click to enlarge)
Click to Enlarge Name: bear.GIF Size: 43 KB



Im still betting the bears will win this round..
Some drink at the fountain of knowledge. Others just gargle !
  • #80,146
  • Mar 26, 2009 4:46am Mar 26, 2009 4:46am
http://www.forexfactory.com/showpost...5&postcount=46

EU h1 h4 analysis as above
  • #80,147
  • Mar 26, 2009 4:49am Mar 26, 2009 4:49am
... or maybe exactly bears will finish this double bottom? As usual price will go down with unexpected movement ... not before testing new high soon
  • #80,148
  • Mar 26, 2009 5:00am Mar 26, 2009 5:00am
I think I'll go see what the USD/CHF is doing for awhile...EUR/USD is kind of boring.
  • #80,149
  • Mar 26, 2009 5:00am Mar 26, 2009 5:00am
Duration of the Pattern
Martin Pring notes in his book, Technical Analysis Explained that "Flags can form in a period as short as 5 days or as longs as 3 to 5 weeks." John J. Murphy identifies that Flags "often last no longer than one or two weeks."


http://www.trending123.com/Chart-Pat...Bull-Flags.htm
  • #80,150
  • Mar 26, 2009 5:02am Mar 26, 2009 5:02am
Quoting Hades
... or maybe exactly bears will finish this double bottom? As usual price will go down with unexpected movement ... not before testing new high soon

Yup..this is like the quiet before a storm.
A short entry now with some breathing room or a sell stop at a higher level will bring in good pips.
NZD/USD is also at perfect conditions for a short entry with good reward potential

but i could be wrong
Some drink at the fountain of knowledge. Others just gargle !
  • #80,151
  • Mar 26, 2009 5:17am Mar 26, 2009 5:17am
PA is shaping up for a drop soon if 13580 holds or it will make a last ditch attempt at 13605 level and head south with 13400 as a gatekeeper to a battle royale at13330-13280 areas....(hope to be lucky again)

gl and trade well....
  • #80,152
  • Mar 26, 2009 5:19am Mar 26, 2009 5:19am
it seesms to me that the pair will head north towards 1.3680 either today or tomorrow. And after 1.3680 it might head for a huge fall.
Long since 1.3570.

however i admit 5m charts are bearish at the moment.
  • #80,153
  • Mar 26, 2009 5:36am Mar 26, 2009 5:36am
for new traders that may read here, remember that you can make more money waiting for the proper trade than trading when there is no good ratio.
  • #80,154
  • Mar 26, 2009 5:57am Mar 26, 2009 5:57am
IB on 4 hr & 1 hr chart - daily open 1.3565 - break to upside at 1.3604
Downside break 1.3540
  • #80,155
  • Mar 26, 2009 6:09am Mar 26, 2009 6:09am
Quoting emda
for new traders that may read here, remember that you can make more money waiting for the proper trade than trading when there is no good ratio.
This is gold.
  • #80,156
  • Mar 26, 2009 6:11am Mar 26, 2009 6:11am
Quoting emda
for new traders that may read here, remember that you can make more money waiting for the proper trade than trading when there is no good ratio.
how is that ? can you please describe
thank you in advance
I SEE YOU !!
  • #80,157
  • Mar 26, 2009 6:13am Mar 26, 2009 6:13am
Quoting F.x.
This is gold.
yes I want more gold
Attached Image
  • #80,158
  • Mar 26, 2009 6:13am Mar 26, 2009 6:13am
I think ratio he means win/lose chance * possible movement scope considering S/R

Quoting dbfusion
how is that ? can you please describe
thank you in advance
  • #80,159
  • Mar 26, 2009 6:15am Mar 26, 2009 6:15am
Quoting billye
I think ratio he means win/lose chance * possible movement scope considering S/R
yes this i understand , its just the first part which i am interested in
I SEE YOU !!
  • #80,160
  • Mar 26, 2009 6:18am Mar 26, 2009 6:18am
Quoting dbfusion
how is that ? can you please describe
thank you in advance
thank you for the interest... I didn't want to write if no one asks.

In my opinion there was no trade this morning... reasons I see:

  1. as yesterday said... USDCNY is in critical level... could break down and usd is very sensitive to what is going to happen in china.
  2. London open didn't move so much... meaning that smart investors are not trading.. why should you trade too ?
  3. Unemployment Claims and Final GDP News coming soon... Market is waiting.
  4. Bull Flag nearly confirmed but not yet... there is resistance that needs to be broken to confirm a trade... But if not... there is a lot of space to move down.. That's why the ratio is not good

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