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  • #86,281
  • Apr 16, 2009 8:07am Apr 16, 2009 8:07am
http://i678.photobucket.com/albums/v...s/eurusd-2.gif

i see a double bottoms at the H1 chart, anyone with me? my guess that the upwards could go till the neckline.
  • #86,282
  • Apr 16, 2009 8:14am Apr 16, 2009 8:14am
1.3220/40 is tough intraday resistance area..
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #86,283
  • Apr 16, 2009 8:15am Apr 16, 2009 8:15am
Quoting piperB
did anyone read the email from ibfx? does that mean we can't put in a trade in the opposite direction if we have one in?
u cannot use hedge strategy anymore on ibfx
  • #86,284
  • Apr 16, 2009 8:17am Apr 16, 2009 8:17am
One Simple word: VOLATILITY!

Price can bounce from 1.3100 to 1.3300 for awhile.
One side will break, we can see then a false break to see some more pips above 1.33 or below 1.31.

I am keeping my shorts to close some below 1.3100.

I will not open more trades for next days.

My averages are : 1.3263 and 1.3238 in my two accounts.
I was not live when price went to 1.3130, if so I would close some shorts there.
Because I have won already one big trade last hours I can afford to do nothing now!

For all nervous shorters out there, if this M30 closes below 1.3218 you guys can relax for some time, then watch next two M30 candles, if price then closes in one above 1.3233 so be alert then we can go to 1.3313 again.
  • #86,285
  • Apr 16, 2009 8:17am Apr 16, 2009 8:17am
Quoting Peterex
In the 1h you can see this movement up went till 50% of the last wave down, possible retracement and go down. And now it seems its forming a doji, reverse signal.

On 4h the down wave, stopped at 78.2% that could also be a retracement of the up move.

What do you guys think ?
i dont use fibos so i cant give an opinion bout that
  • #86,286
  • Apr 16, 2009 8:21am Apr 16, 2009 8:21am
Quoting Kess.
I really do no understand the view of coming short. I am long from 3195 and holding cause only just up move is expected, PA clearly shows it. There;s no reason to be in bear bias.

Keep it simple and accept what markets shows. Enjoy trading all and make good decisions
Unless you're talking very short term, pretty much every time frame shows a bearish trend, so I don't really agree with that at all.
  • #86,287
  • Apr 16, 2009 8:22am Apr 16, 2009 8:22am
one more chart

i see a triangle on the 4h, any ideas where would it break?

http://i678.photobucket.com/albums/v...s/eurusd4h.gif
  • #86,288
  • Apr 16, 2009 8:22am Apr 16, 2009 8:22am
Quoting dannies
http://i678.photobucket.com/albums/v...s/eurusd-2.gif

i see a double bottoms at the H1 chart, anyone with me? my guess that the upwards could go till the neckline.

Could also be a reverse HS.
  • #86,289
  • Apr 16, 2009 8:24am Apr 16, 2009 8:24am
Quoting F.x.
Could also be a reverse HS.
awesome, at last one comment on my chart, thanks.

then we should expect another down term which has not yet happened.. rite?
  • #86,290
  • Apr 16, 2009 8:27am Apr 16, 2009 8:27am
I prefer that L1 is most valid movement, cause of time and channel development.

L2 is as second area which can be take to attention.

L3 is completly corrupted so no longer valid.
Attached Image (click to enlarge)
Click to Enlarge Name: analyze eur-usd.JPG Size: 131 KB
Wish you a lot of great moments with those you love.
  • #86,291
  • Apr 16, 2009 8:32am Apr 16, 2009 8:32am
Quoting Kess.
I prefer that L1 is most valid movement, cause of time and channel development.

L2 is as second area which can be take to attention.

L3 is completly corrupted so no longer valid.
I am looking for your L2.
L3, why corrupted?
  • #86,292
  • Apr 16, 2009 8:34am Apr 16, 2009 8:34am
Quoting dannies
awesome, at last one comment on my chart, thanks.

then we should expect another down term which has not yet happened.. rite?
Well, that's the kind of thing that can only be known after it's happened. At this point it may end up being a W as you said at first. It's just another "option" to have in mind while placing the proper sized trade to accomodate both scenarios as well as the several other ones that could likely occur.
  • #86,293
  • Apr 16, 2009 8:34am Apr 16, 2009 8:34am
This is typical flag, bullish. On Daily we have 6 hummers, today if closed 1.2000 we have 7 and I really think so today or tomorrow we go very dynamic on the north.
Quoting dannies
http://i678.photobucket.com/albums/v...s/eurusd-2.gif

i see a double bottoms at the H1 chart, anyone with me? my guess that the upwards could go till the neckline.
  • #86,294
  • Apr 16, 2009 8:35am Apr 16, 2009 8:35am
i kind of tend to think that we will see it near 3150 before going up. short at 13224 sl 3235 tp 3155
  • #86,295
  • Apr 16, 2009 8:35am Apr 16, 2009 8:35am
Quoting BoredToLoose
I am looking for your L2.
L3, why corrupted?
Light green and dark blue lines are lines which are coruptinng L3 area. If that lines will hold, so more L3 will be corrupted and consider as no possibility.

Also, dark blue lines clearly show, that channel can be observed as flag for dark green channel. After this long breakout is expected.
Wish you a lot of great moments with those you love.
  • #86,296
  • Apr 16, 2009 8:36am Apr 16, 2009 8:36am
Resistance area
Attached Image (click to enlarge)
Click to Enlarge Name: pivot.gif Size: 24 KB
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #86,297
  • Apr 16, 2009 8:42am Apr 16, 2009 8:42am
Quoting MrMY
u cannot use hedge strategy anymore on ibfx
SERIOUS??

y? is this no good for them?
  • #86,298
  • Apr 16, 2009 8:42am Apr 16, 2009 8:42am
there is also a trendline at the resistance
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 16_04_2009 (60 Min).jpg Size: 136 KB
  • #86,299
  • Apr 16, 2009 8:47am Apr 16, 2009 8:47am
Quoting Kess.
Light green and dark blue lines are lines which are coruptinng L3 area. If that lines will hold, so more L3 will be corrupted and consider as no possibility.

Also, dark blue lines clearly show, that channel can be observed as flag for dark green channel. After this long breakout is expected.
Also can happen:

A new line red touch with possibility to see a new up Blue line touch, then price can go to find bottom blue line touch, some resisting there and finally a break outside L3 area.
The interesting here is that around 23th April we must have already a break of that Blue lines channel.
L3 are playing Kess!
All your lines can be playing for next 5 days.
  • #86,300
  • Apr 16, 2009 8:47am Apr 16, 2009 8:47am
will the feds just stop printing excess money???
Imanuel Parsifal
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