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  • #90,361
  • Apr 29, 2009 4:36am Apr 29, 2009 4:36am
Quoting knuckledrag
Not that it means anything, but it just went through the 123 fib extension. 1.3291 is the 161 fib extension and the outside of my down channel (well close to it) Past 1.33 and its time to punt
Everytime I think there might be a break in the action something new happens to change my mind. With this slow moving uptrend difficult for me to determine anything other than up. Relying on indicators tells me the trend got weaker around 3220, but that means nothing.

I think we will have to wait for the news before any volatility or probability of the trend changing.
  • #90,362
  • Apr 29, 2009 4:37am Apr 29, 2009 4:37am
Quoting F.x.
I don't know how anyone can make a call right now with any conviction whatsoever.

On the larger charts we're looking to short, but on the hourly's we've just broken to the upside of our triangle which means we now have upward momentum and have almost changed our hourly trend to an upward trend.

I like having open positions as much as anyone, but I like making money even more. Therefore, I'm staying out, still waiting for a better entry...
Maybe, but my charts (also on 1H and 30M timeframe) say that we can't go over 1.33 and if we do it is only for few pips...I can be wrong, or not...
  • #90,363
  • Apr 29, 2009 4:42am Apr 29, 2009 4:42am
Quoting zappolo
Maybe, but my charts (also on 1H and 30M timeframe) say that we can't go over 1.33 and if we do it is only for few pips...I can be wrong, or not...
A few years back I got my a$$ handed to me by saying price "can't" do something. Price can do anything it wants. We just get to watch and follow.
  • #90,364
  • Apr 29, 2009 4:43am Apr 29, 2009 4:43am
Quoting mohfaid
Dear All


USD Index just touch the daily uper trend line of it , it must reverse now as it's a huge support.

So sell Euro now
your daily upper trend is drawn a bit low

and usually trend lines ar there for a while... until corrected ... that means, broken or if not corrected, then completly canceled by change of trend ...
  • #90,365
  • Apr 29, 2009 4:43am Apr 29, 2009 4:43am
4hr trendline is at 1.3269. R2 3290.
  • #90,366
  • Apr 29, 2009 4:44am Apr 29, 2009 4:44am
Ok...restart...looking at my charts I see that IN MY OPINION we won't go over 1.33....better???
  • #90,367
  • Apr 29, 2009 4:46am Apr 29, 2009 4:46am
Quoting F.x.
I don't know how anyone can make a call right now with any conviction whatsoever.

On the larger charts we're looking to short, but on the hourly's we've just broken to the upside of our triangle which means we now have upward momentum and have almost changed our hourly trend to an upward trend.

I like having open positions as much as anyone, but I like making money even more. Therefore, I'm staying out, still waiting for a better entry...
Of course you can. Trading levels and movement gave all winners today so far (bar 1 which I recouped immediately).
Next level for take away money is 1.3262 with SL 10 points higher if you are brave enough
  • #90,368
  • Apr 29, 2009 4:49am Apr 29, 2009 4:49am
Quoting dysan4x
Everytime I think there might be a break in the action something new happens to change my mind. With this slow moving uptrend difficult for me to determine anything other than up. Relying on indicators tells me the trend got weaker around 3220, but that means nothing.

I think we will have to wait for the news before any volatility or probability of the trend changing.
The good news is that there is lots of room to the down side. 1.3245ish to 1.33 should be a sell zone. I'll look for a turn but that doesn't mean it will.
I'll be at the salt mine when it happens, so getting in may be tricky
  • #90,369
  • Apr 29, 2009 4:52am Apr 29, 2009 4:52am
there's turbulence at current level. time to go down!!
  • #90,370
  • Apr 29, 2009 4:56am Apr 29, 2009 4:56am
Inverted H&S on 4hr chart - neckline also at 1.3269
  • #90,371
  • Apr 29, 2009 4:59am Apr 29, 2009 4:59am
Double top on 4H....it could reverse
The trend is your friend and you is your enemy - MJ
  • #90,372
  • Apr 29, 2009 5:00am Apr 29, 2009 5:00am
Quoting knuckledrag
Not that it means anything, but it just went through the 123 fib extension. 1.3291 is the 161 fib extension and the outside of my down channel (well close to it) Past 1.33 and its time to punt
im only taking tiny ones..on the way up at each fib.1/10. i wasnt gonna get in heavy untill trend line hit.. i longed cad at what i thought was a good price. im thinking oil will slip lower . the jury still out on that one.. but good r/r...both usd index and euro index suck lately.. so you got the worst in breed. we r still in the trend until were not....both are nearing s/r so we will c..
those who can, do. those who cant, talk about those who can
  • #90,373
  • Apr 29, 2009 5:02am Apr 29, 2009 5:02am
poor bear , infected by pigs flu
  • #90,374
  • Apr 29, 2009 5:04am Apr 29, 2009 5:04am
i recon we`ll see 1.33 before any move south
  • #90,375
  • Apr 29, 2009 5:05am Apr 29, 2009 5:05am
Quoting mattpajek
i recon we`ll see 1.33 before any move south

if we break x270 area we will see 3700 area
  • #90,376
  • Apr 29, 2009 5:12am Apr 29, 2009 5:12am
Quoting tamster
Inverted H&S on 4hr chart - neckline also at 1.3269
But thats jus me
  • #90,377
  • Edited 5:30am Apr 29, 2009 5:13am | Edited 5:30am
Quoting gatorinla
pending entries 3174 3245 3275 short.. 1/10% positions..
Posted 14 hr ago
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.
Forum: Interactive Trading Thread: EURUSD

same old shit different day.. add 3300 area for trendline.. time sensitive..
those who can, do. those who cant, talk about those who can
  • #90,378
  • Apr 29, 2009 5:14am Apr 29, 2009 5:14am
I am short with SL at 1.3310
Key level to watch is 1.33
If the fed increase QE the price will go much higher but until then we are smack in the middle of a "buy the rumor,sell the news" situation.
Some drink at the fountain of knowledge. Others just gargle !
  • #90,379
  • Apr 29, 2009 5:22am Apr 29, 2009 5:22am
Still looking for clear signal to go short. Why i call it No Trade Area? Coz it 50/50 situation...Up or Down. I will wait the price close below red line to start selling again
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  • #90,380
  • Apr 29, 2009 5:23am Apr 29, 2009 5:23am
Quoting warta
if we break x270 area we will see 3700 area
the e-index is back in trend.. above lower trend line... the usd index is out of trend now, below trend line... e index with a bull bar about to push through a recent upper trend line.. i think the euros got the edge.. both pairs about to test a s/r ...but we still have not broke eu trend yet either.. will they bounce??? million dollar question.. due no harm to account...cash is a position.. might be a good time to just sit out and wait..
those who can, do. those who cant, talk about those who can
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