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EURUSD

  • #90,321
  • Apr 29, 2009 2:41am Apr 29, 2009 2:41am
If it gets to R1 again without going lower I'm out of shorting and taking a break
  • #90,322
  • Apr 29, 2009 2:43am Apr 29, 2009 2:43am
Quoting derek
wave analysis
That is some unorthodox wave analysis you have going on there. Breaking all the rules. If it works for you.
  • #90,323
  • Apr 29, 2009 2:55am Apr 29, 2009 2:55am
Quoting Atlast
If it gets to R1 again without going lower I'm out of shorting and taking a break
i'm seeing two big wicks on the one hour candle chart. the previous candle could be a shooting star or an inverted hammer. both look bearish for euro
"i wake up in the morning, and i piss excellence"
  • #90,324
  • Apr 29, 2009 2:58am Apr 29, 2009 2:58am
Shorted 1.32 on retest of trendline and failure of an hourly close above 1.3200 .. M15 and hourly candle wicks show selling against R1 and 3200.

My target for now is 50% at the daily pivot.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 37 KB
  • #90,325
  • Apr 29, 2009 2:59am Apr 29, 2009 2:59am
Quoting trader69
i'm seeing two big wicks on the one hour candle chart. the previous candle could be a shooting star or an inverted hammer. both look bearish for euro
Agreed.
  • #90,326
  • Apr 29, 2009 3:00am Apr 29, 2009 3:00am
Quoting Atlast
That is some unorthodox wave analysis you have going on there. Breaking all the rules. If it works for you.
only based on clasic rules

Atlast, give me alternative variant ?
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  • #90,327
  • Apr 29, 2009 3:02am Apr 29, 2009 3:02am
13170 neeed to be broken to go south.. 1..3320 neede broken to go north
  • #90,328
  • Apr 29, 2009 3:07am Apr 29, 2009 3:07am
Quoting jack.canadia
Shorted 1.32 on retest of trendline and failure of an hourly close above 1.3200 .. M15 and hourly candle wicks show selling against R1 and 3200.

My target for now is 50% at the daily pivot.
Big target.
  • #90,329
  • Apr 29, 2009 3:09am Apr 29, 2009 3:09am
Quoting derek
only based on clasic rules

Atlast, give me alternative variant ?
What classic rules? The wave counts are totally wrong from classic rules
  • #90,330
  • Edited 3:33am Apr 29, 2009 3:11am | Edited 3:33am
Quoting ragnakore
13170 neeed to be broken to go south.. 1..3320 neede broken to go north
Alternative Variant..

13130 breached wait for pb to go South
13300 breached wait for pb to go North

Pending long scalp trade @13155 for tp 13236 and Flip if 13130 breached for tp@13000
  • #90,331
  • Apr 29, 2009 3:15am Apr 29, 2009 3:15am
I'm now on the lookout for another leg up. It has to close below trendline for me to go short again
  • #90,332
  • Apr 29, 2009 3:17am Apr 29, 2009 3:17am
Quoting trader69
i'm seeing two big wicks on the one hour candle chart. the previous candle could be a shooting star or an inverted hammer. both look bearish for euro
Make sure to also look at 4h-close as it still looks bullish.
  • #90,333
  • Apr 29, 2009 3:21am Apr 29, 2009 3:21am
red numbers for euro zone and still holding up
strange
  • #90,334
  • Apr 29, 2009 3:25am Apr 29, 2009 3:25am
Quoting Atlast
I'm now on the lookout for another leg up. It has to close below trendline for me to go short again

Hi there,
can you post a chart to see what you mean, and the PA related to your trendline?
  • #90,335
  • Apr 29, 2009 3:29am Apr 29, 2009 3:29am
Forgot it's FOMC DAY today.

i think this will retrace down to 1.3150s and then head north after FOMC is released.
  • #90,336
  • Apr 29, 2009 3:32am Apr 29, 2009 3:32am
....if anyone was of a similar mind. It looks to me like it may be a good move down!
Good Trading. (keep it simple).
  • #90,337
  • Apr 29, 2009 3:33am Apr 29, 2009 3:33am
Quoting derek
only based on clasic rules

Atlast, give me alternative variant ?
Alternative wave count is shown
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 29_04_2009 (60 Min)-waves.jpg Size: 90 KB
  • #90,338
  • Apr 29, 2009 3:42am Apr 29, 2009 3:42am
Quoting Alado
Hi there,
can you post a chart to see what you mean, and the PA related to your trendline?
On the 1hr. The last high breached a downsloping trendline off the last 3 bar highs. I'm looking at the R1 and seeing how price reacts when it gets there.

The trendline for a close below and sustaining below is around 1.3180 (3 min chart recent price activity)
  • #90,339
  • Apr 29, 2009 3:43am Apr 29, 2009 3:43am
Quoting warta
red numbers for euro zone and still holding up
strange
yo
Forex Price Action Hacked - Price Action Rockstar
  • #90,340
  • Apr 29, 2009 3:50am Apr 29, 2009 3:50am
Quoting david_akc
yo
Another conspiration theory?
I'm wondering why everybody shorting all the day while I'm seeing it is still bullish (at least until 3260). Am I missing something?
Manage your risk accordingly and you're half done your home work.
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