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EURUSD

  • #91,881
  • May 1, 2009 9:25am May 1, 2009 9:25am
c'mon! break the 1.3239 already!
  • #91,882
  • May 1, 2009 9:25am May 1, 2009 9:25am
Quoting Atlast
This present move down I have completing or stalling at around 1.3219
I'd like to say to you that you can't ignore the ascending line from yesterday... If you jump in short at 53 you can get badly burned..
  • #91,883
  • May 1, 2009 9:27am May 1, 2009 9:27am
There's alot of crap to go through between the pivot and 3200. It might take all session just to get that far.
  • #91,884
  • May 1, 2009 9:27am May 1, 2009 9:27am
Quoting colbru
I'd like to say to you that you can't ignore the ascending line from yesterday... If you jump in short at 53 you can get badly burned..
agree
  • #91,885
  • May 1, 2009 9:29am May 1, 2009 9:29am
Quoting colbru
I'd like to say to you that you can't ignore the ascending line from yesterday... If you jump in short at 53 you can get badly burned..
maybe am wrong...but i saw eu in bearish mode..check ur D1/H4
  • #91,886
  • May 1, 2009 9:30am May 1, 2009 9:30am
Quoting grashid
maybe am wrong...but i saw eu in bearish mode..check ur D1/H4
i see that, too.

plus, i see a symmetrical triangle in the H1 chart. if it breaks the lower support (1.3239), i think it would start the bearish descent.
  • #91,887
  • May 1, 2009 9:31am May 1, 2009 9:31am
Quoting grashid
maybe am wrong...but i saw eu in bearish mode..check ur D1/H4
Hi...
I do not really agree... I see EU trapped in a triangle on the dailys...

triangle starts begining of March...
  • #91,888
  • May 1, 2009 9:32am May 1, 2009 9:32am
Quoting ribbit
i see that, too.

plus, i see a symmetrical triangle in the H1 chart. if it breaks the lower support (1.3239), i think it would start the bearish descent.
  • #91,889
  • May 1, 2009 9:33am May 1, 2009 9:33am
i just saw that diamond, the target would be around 1.305

that would be a good place to long into 1.35 area i think

twt
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  • #91,890
  • May 1, 2009 9:33am May 1, 2009 9:33am
I consider this not very risky trade and leave open for next week.
SL max 55pts
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  • #91,891
  • May 1, 2009 9:33am May 1, 2009 9:33am
Quoting colbru
Hi...
I do not really agree... I see EU trapped in a triangle on the dailys...

triangle starts begining of March...
let look and see how she wanna play...
  • #91,892
  • May 1, 2009 9:34am May 1, 2009 9:34am
Quoting grashid
exactly that's what I see...
it needs to break the ascending line from yesterday..
  • #91,893
  • May 1, 2009 9:35am May 1, 2009 9:35am
Pull up a lower TF chart and you will see the market is fighting a double head and shoulder pattern. A break below is bye bye longs
  • #91,894
  • May 1, 2009 9:37am May 1, 2009 9:37am
Quoting rattyo
Anyone here got a decent Fibonacci indicator
Courtesy of Mr Demark
Attached File(s)
File Type: mq4 Fibo.mq4   4 KB | 364 downloads
Forex Price Action Hacked - Price Action Rockstar
  • #91,895
  • May 1, 2009 9:37am May 1, 2009 9:37am
Quoting Atlast
Pull up a lower TF chart and you will see the market is fighting a double head and shoulder pattern. A break below is bye bye longs
I guess you are talking about this!!!
The neckline ist the ascending line I keep mentioning!!
5min chart
Attached Image
  • #91,896
  • May 1, 2009 9:39am May 1, 2009 9:39am
Quoting rattyo
Anyone here got a decent Fibonacci indicator
You should get one on this page. it's a good one. If you have problems let me know.
http://www.forexfactory.com/showthre...582&page=10970

Go to post 164546

Cheers
Pahadi
  • #91,897
  • May 1, 2009 9:39am May 1, 2009 9:39am
Well I went out for a bit but had to check back in...


Anybody trade butterflies?
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  • #91,898
  • Edited 9:48am May 1, 2009 9:39am | Edited 9:48am
Quoting Atlast
Pull up a lower TF chart and you will see the market is fighting a double head and shoulder pattern. A break below is bye bye longs
M5 will tell us current situition..

check this..

http://www.forexfactory.com/showpost...ostcount=91884
  • #91,899
  • May 1, 2009 9:45am May 1, 2009 9:45am
We went through this exact same bull fight in March and this area is a tough one to get through. Once it is broken there will be buyers in the 3170 area to try to push it back up. If that area breaks we are looking to test March lows.
  • #91,900
  • May 1, 2009 9:45am May 1, 2009 9:45am
Quoting colbru
I guess you are talking about this!!!
The neckline ist the ascending line I keep mentioning!!
5min chart
Indeed.
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