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  • #86,341
  • Apr 16, 2009 11:06am Apr 16, 2009 11:06am
Dear

It is the higher and lower price for the previous 5 hours

Check your chart man




Quoting dannies
one last question, where did u get the numbers that us 130 and 225? is it from PA or from R/S?
  • #86,342
  • Apr 16, 2009 11:07am Apr 16, 2009 11:07am
mohfaid

i think it too the 1.3090 is the huge support
but it isn't so stong like the upptrend line so i ghess it
going to reverse there
  • #86,343
  • Apr 16, 2009 11:08am Apr 16, 2009 11:08am
Dear psiholog

what is next,,for days and weeks I am asking,, R U with me for 1.2750 and next 1.2550 and so before end of year 1.17XX

Please share with me your technical view


Quoting mohfaid
Dear

It is the higher and lower price for the previous 5 hours

Check your chart man
  • #86,344
  • Apr 16, 2009 11:12am Apr 16, 2009 11:12am
Trendline and 200sma are important to watch. One of them is going to break soon.
H4 chart.
Attached Image (click to enlarge)
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  • #86,345
  • Apr 16, 2009 11:14am Apr 16, 2009 11:14am
.... at 1.3169.

Now let's see what will happen, but my feeling is that 1.3237 is in danger again. This time I will not allow my 1.3238 average account to live.

I continue Bear, but will open only shorts above 1.3313.

I am waiting some RSI M30 touches. Bear are losing power, we may see another push up!
Next level to profit shorts is at M30 RSI(21) level 37to35 in case we do not cross again 1.3237.
Attached Image
  • #86,346
  • Apr 16, 2009 11:19am Apr 16, 2009 11:19am
Quoting dannies
one last question, where did u get the numbers that us 130 and 225? is it from PA or from R/S?
Excellent question that I dont get asked too often. All my R/S levels are determined based on PA. To do this though one has to watch the markets quite often and understand the reasons for each level becoming Support or Resistance.

For 1.3130 it is simple...it was the level that was acting as resistance right before the Feds buying treasuries announcement. Since then it has acted as support on a few retests.

The 1.3225 level is established in the same way I draw all my S/R levels. When price action struggles to get through a particular level, that tells me that level is most likely a level of strong S/R. The more this occurs on a longer timeframe...the stronger that level is.

Attached Image (click to enlarge)
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This link also explains this in more detail
http://www.forexfactory.com/showthre...28#post2505928
Different opinions highly valued, ignorant to slander.
  • #86,347
  • Apr 16, 2009 11:27am Apr 16, 2009 11:27am
i have to ask something as a newbie why not create

eurusd m1
eurusd m5
eurusd m15
eurusd m30
eurusd h1
eurusd h4
eurusd daily
  • #86,348
  • Apr 16, 2009 11:30am Apr 16, 2009 11:30am
Quoting psiholog
Excellent question that I dont get asked too often. All my R/S levels are determined based on PA. To do this though one has to watch the markets quite often and understand the reasons for each level becoming Support or Resistance.

For 1.3130 it is simple...it was the level that was acting as resistance right before the Feds buying treasuries announcement. Since then it has acted as support on a few retests.

The 1.3225 level is established in the same way I draw all my S/R levels. When price action struggles to get through a particular level,...
thanks man, really appreciate it you teaching me, on the way you see ure thread, once again, thx man..
  • #86,349
  • Apr 16, 2009 11:47am Apr 16, 2009 11:47am
Hi! Can you tell me what price it is now and did it hit 3160?
thanks
  • #86,350
  • Apr 16, 2009 11:49am Apr 16, 2009 11:49am
Quoting Endrju
Hi! Can you tell me what price it is now and did it hit 3160?
thanks
1.3190 and no.

JC
  • #86,351
  • Apr 16, 2009 11:55am Apr 16, 2009 11:55am
Quoting Waka
1.3190 and no.

JC
thanks
hope it will eventually go down or stay lower than 3220
  • #86,352
  • Apr 16, 2009 12:00pm Apr 16, 2009 12:00pm
Well, I do not know about you guys....but I am long...you guys have been fighting this thing trying to short it...and all its doing is going sideways...higher low here...so next stop is higher high....your going to get the move...tho its not going to be down...its up....
  • #86,353
  • Apr 16, 2009 12:02pm Apr 16, 2009 12:02pm
Well Im gone (probably to play some game) as current PA is once again lackluster.

Before I go I will make note of this. Tommorow is Citibank reporting earnings. Why is this relevant? Because this whole rally up started on speculation Citibank is able to pay its bills as Jay nicely put it. Tommorow we will know whether this is true or not for a fact. Secondly...there is also options expirations day. As the trend in the stock market has been nothing but up recently...some profit taking comes to mind which may indicate some stock market weakness which may drag the eur/usd down with it.

In the end ...this range we are stuck in best explains the current indecision and only a break of the range high or low will further determine direction.

Good pippin all...for all you brave souls out there trading.
Different opinions highly valued, ignorant to slander.
  • #86,354
  • Apr 16, 2009 12:04pm Apr 16, 2009 12:04pm
Quoting Endrju
thanks
hope it will eventually go down or stay lower than 3220
I'm looking for 1.3151. Made a short sited stupid short trade this morning and left it (JC smacks ass for not looking at short term trend line support levels before placing trade). Now looking to close on the way back down, if it gives me a chance.

JC
  • #86,355
  • Apr 16, 2009 12:10pm Apr 16, 2009 12:10pm
Quoting Robby
Well, I do not know about you guys....but I am long...you guys have been fighting this thing trying to short it...and all its doing is going sideways...higher low here...so next stop is higher high....your going to get the move...tho its not going to be down...its up....
I agree. I been fighting this the whole day, looking for a better exit to cut losses. But, always seem to be waiting for another better exit (I wish I had a traders brain ;-) ).

JC
  • #86,356
  • Apr 16, 2009 12:30pm Apr 16, 2009 12:30pm
Quoting Endrju
Hi! Can you tell me what price it is now and did it hit 3160?
thanks
30m previous low broken. You might see your TP hit in the next 30mins or so.

JC
  • #86,357
  • Apr 16, 2009 12:32pm Apr 16, 2009 12:32pm
Quoting Endrju
Hi! Can you tell me what price it is now and did it hit 3160?
thanks
You TP should have closed mate. Now you can work in peace.

JC
  • #86,358
  • Apr 16, 2009 12:34pm Apr 16, 2009 12:34pm
eurousd go up?
ABCD..
  • #86,359
  • Apr 16, 2009 12:34pm Apr 16, 2009 12:34pm
lets see the break, be prepared for the next 4h candle...

http://i678.photobucket.com/albums/v...eurusd4h-1.gif
  • #86,360
  • Apr 16, 2009 12:34pm Apr 16, 2009 12:34pm
Quoting Waka
You TP should have closed mate. Now you can work in peace.

JC
Now not time to close.
More drops are coming!!

we may have a break here.
M30 closed below 1.3169. next around 1.3066 and 1.2988.
We had already some M30 Closing below, you guys may ask, why is this one different? TIMING!!
I've shorted at that break 1.3166
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