EURUSD

I don't mind being wrong...so far 3165 is holding. I had a short limit set at 3160 SL 3195 but it has been moved to BE+1. I'm tired of going up and ready to go lower.

Looks like the Euro is getting ready to test 1.3700 over the next few days.

SILLY COMMENTARY

Expect a wild ride, not a straight line. Me, time to catch a 40 pip south while holding for a long term well above 1.3700

hi every one,
i am new,but been reading this thread for two weeks.
i went long seen 1.3088 (i started late today), on the first flag on 1 min charts, then was string, flag, up chanel, flat, string, but now i am not sure.
any ideas? and i am new to forex

If im wrong il blame it on the flu but i highly doubt we will see those levels again this year...

My "real" charts would horrify you, but that's no matter, the basics are simple, fibs, pivots, and Bollinger bands on the appriate TF's, Horizontal S/R ALWAYS and an eye to diagonal TL's when appropriate.

I've got a couple very fast MA's on the scalp charts 2m thru 6m, which there's not usually much sense in posting here, unless the turn coincides with a longer TF range entry... but a few pips rarely matters in those cases either. A few others tweaked for the 20m and 1hr charts and good to go in most cases.

Knuckle asked about fib entries... depends on the TF and the PA and what the current sentiment mover is in the market menaing is it possible to figure out what's making things move, especially if it's going other than I might have anticipated.

I figure if the Market has already proved me wrong, then the problem is with ME, and I'm Missing Something... so there's no reason to think it'll start paying attention to my fibs or anything else on my charts

Then it's Shut Up and stand aside until I get into Synch with things. When that does appear to be the case, then yeah, sometimes I'll use the swing fib extensions either positive or negative on the longer TF's ((like 1h/2h at minimum)) for entries especially if they converge with other things like pivots, psych levels or Hzl S/R zones... Whatever makes a case for the strongest S/R... you can set limit orders to be sure of getting your toe in the water with significantly tighter stops if wrong, and add-on if right.

For me, I've tried to concentrate on knowing more about where Price Might go if it DOES goes in a particular direction than which direction it might go ahead of time imo... in other words, it's harder to get married to a direction if i have a good case for targets both ways...

That said, my Worse Days have always been the ones where I Knew where it was going...

Last M30 Pa very strange.

Today it is very important day, maybe this Strange Pa it is related.

1.3096 it is a number to watch.
Close today above, I will close some of my shorts, I have a lot of them from 1.3370/1.3270 and 1.3160 and some for scalping at 1.3122/37 area.

Let's see, if we will go to 1.27 or 1.37.

i agree...what I see it is going to be hard to go past 3466....what do you think?

On this EU Daily chart, I do not see signs of upside strength. PA is in a descending channel, a bit above the middle after the extreme pump today. The Bollinger band has already squeezed and PA since has performed initial break to the downside and then a pullup to the basis of the squeeze, and then the start of a run down, and then today's pump up, though not even close to the basis line. Looks more like a breakout, then a pullback, albeit a whipsawing pullback, before moving on down past the low of the initial breakout. Even Trix is weak, below the zero line and on a gently descending course. Only today's manipulated pump has it raising its' head, which makes me think possibly this rise won't last long.

thanx 4 shout .. now ill miss all my entries. now we can go down *L*

s/r 3392 08 3244 24 3174 32 3091 85 40 2998 67 58 2899 83 71 67 2754 2584 58 10 2487 2385

2842 04 2747 2651 2558 more speculative. dont exist yet.

You went long on 1 min chart and you have been holding on a much higher time frame? Decide the time frame you are trading. Good call though.

as long as we got 1.3165 and 1.3320 unbroken, i go with bears

hey knuck ak or someone using cobras system..i got meta.. how do i get the rest to work? time to scalp during crap like today.

... thanks for that, it's going to take me awhile to digest what you just said, but i feel i am getting there, i love forex... it really makes me think, it makes me learn about myself, even when i get it wrong, i'm engaged, ... hope to be in it for the long run, so being cautious in these early days, but i'm up on my little account, not much, about 5% per month, but that will do.

any gain is good... but as you say, the worst days are when i 'knew' where it was going... (but i did usually did something else !!!)

the decline from 1.60 is contained by a very strong falling trendline.
along the way there have been corrections but the major trend is down.
only strongly above 1.33 would be cause for a re-evaluation.
the trend is your friend-sell rallies!

in europe 2009 will be worse than 2008
I would not be shocked if we see parity before this time next year.

No voodoo was used in obtaining this view but I'm thinking we'll just range for a bit, at least that's how I'm trading it...this is an hourly snapshot...

We may range until the bigger news items released tomorrow? Hmm...

Lol, now even Gator has to scalp. We all are doom .

Have you download all of the indis and template? Put the indis on
Crogram FilesMetaTraderexpertsindicators

and Template on
Erogram FilesForexTrader.Metatemplates

Then just go to your meta chart, right click>template>(yourtemplatename). Just reply if it is not work and be specific so that I can help you in detail.

Here's another take on things... this is actually a 2hr chart zoomed out to 4hr to fit showing the PA from the first of April.

The slow K on the bottom has just crossed up on the 2hr and still pointing nicely down on 4hr with a potential slight stalling effect in place

Here's what I see tho... my Daily pivot for the next hour or so is at 3092, very close to the 3100 figure and the low anchor for my long term swing fib. Rather than change the anchors all the time on the longer TF's I try to keep an existing fib in place that price has respected the main and extension levels of already, so I have higher confidence in what I'm looking at.

Scottyb calls it "growing the fiib" and I like it.

Within those wider ranges of the longer term fibs, i've got smaller TF fibs and pivots and intraday S/R to work with, in addtion to the time of day or session we're in... If support turns resistance, that's a clue just like a Pop and Drop back to the DP/xx00 figure would be((middle shaded bar))... potentially setting an anticipated bias for the asian session open.

I'm really hooked up with some personal matters atm tho, so this is more of a break from the phones for me right now... I've got a much better idea of where it Could go either way than where it Will go atm.

For grins, I just ran new pivots from 4pm EST ((an hour early)) and based on current H/L and a 4pm close of 3140ish, the new DP would be 3090... 2 pips from current DP and adding to me short term downside bias.

Lets's see how close we are in an hour...

ADD: I think it's really a 50 pip toss-up between the attractive power of the Daily Pivot and the clearly significant 3150 level we're currently at, but which is also looking more like Resistance than support atm, therefor my downside bias for the short term until PA says otherwise.

i do rarely.. but if im here anyway.. i like the gbp for this..