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  • #93,121
  • May 6, 2009 9:27am May 6, 2009 9:27am
Quoting TheFisherman
I don't want to spam this thread but the e/u move is a classic divergence where sellers go north and buyers go south. Who will win?
May be both . After welcoming it at 3250 the rest can set go UP. ??Hope not my view in the morning of shorts till 2964 be true any time soon.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #93,122
  • May 6, 2009 9:28am May 6, 2009 9:28am
This pair is flat. If you look at the adx 4hr daily weekly there is no trend to be found. So this is going to go up & down like a yo yo until we can get a true trend.
  • #93,123
  • May 6, 2009 9:30am May 6, 2009 9:30am
A little more downside and I am buying. May make me extremely good pips today or a lousy day. Lets see
  • #93,124
  • May 6, 2009 9:30am May 6, 2009 9:30am
WHAT ROCKET E/U...ECB RATE?
: EUR/USD Declines On ECB, Landesbanks Rtg Cut
  • #93,125
  • May 6, 2009 9:38am May 6, 2009 9:38am
Quoting manfx
WHAT ROCKET E/U...ECB RATE?
: EUR/USD Declines On ECB, Landesbanks Rtg Cut
It isn't as though a rate cut was unexpected
  • #93,126
  • May 6, 2009 9:41am May 6, 2009 9:41am
Quoting Jhig
Im a fan of these moves. I took 50 up /100 down. It's almost predictable. As long as the market is moving, I'm happy. I hate stale markets.
Did you do this by using your trendline break method?
  • #93,127
  • May 6, 2009 9:41am May 6, 2009 9:41am
Quoting ferndog
This pair is flat. If you look at the adx 4hr daily weekly there is no trend to be found. So this is going to go up & down like a yo yo until we can get a true trend.
Good eyes.....you must try to remember this technical characteristics so you will be ready next time around... I m also using ADX
  • #93,128
  • May 6, 2009 9:43am May 6, 2009 9:43am
My opinion: As I was saying a month ago, the big daily triangle will probably break down.. Now below 1.32 should go for a test of 1.29, and below that... brace yourselves for 1,500+ pips.
On the path to Enrichment.
  • #93,129
  • May 6, 2009 9:48am May 6, 2009 9:48am
Quoting 99vt66
Good eyes.....you must try to remember this technical characteristics so you will be ready next time around... I m also using ADX
guys,

May I ask rough what settings u used for your ADX ? Default ADX 14 ? I know there is no magic numbers but I just want to find out what do most people see in their ADX setting ?
  • #93,130
  • May 6, 2009 9:57am May 6, 2009 9:57am
Quoting joeman
guys,

May I ask rough what settings u used for your ADX ? Default ADX 14 ? I know there is no magic numbers but I just want to find out what do most people see in their ADX setting ?
I use 30 for 4hr. DMI/ADX is not the easiest indicator to use and by itself, it means little becos only one direction is useful if you know what I mean. The 1 hr is default 14 which is for intraday trading.
  • #93,131
  • May 6, 2009 9:58am May 6, 2009 9:58am
http://www.djnewswires.com/eu

"Profit-taking hit the pro-cyclical and commodity [foreign-exchange] bloc overnight as caution set in ahead of Thursday's U.S. bank stress publication," said strategists at Societe Generale.
The U.S. dollar fell against major rivals on Wednesday, as investors opted for high-yielding, riskier currencies after a U.S. jobs report increased investment sentiment.
Rate decisions in Europe are due Thursday, with the focus on the European Central Bank, which is expected to cut interest rates and possibly announce new measures designed to reflate the contracting euro-zone economy.
  • #93,132
  • May 6, 2009 9:58am May 6, 2009 9:58am
Amazing. If it goes back up I quit forex. Start trading soybeans or coffe or milk. Who's playing the market?? :roll:
  • #93,133
  • May 6, 2009 9:58am May 6, 2009 9:58am
Quoting TheFisherman
I don't want to spam this thread but the e/u move is a classic divergence where sellers go north and buyers go south. Who will win?
Well my market profile charts are squarely in favour of an upmove.
  • #93,134
  • May 6, 2009 10:05am May 6, 2009 10:05am
Quoting TheFisherman
Amazing. If it goes back up I quit forex. Start trading soybeans or coffe or milk. Who's playing the market?? :roll:
I thinks its going back to 13315/20 level. Try shorting it with 15pips SL@13330 and TP@13230. Good R/R and worth trying......
  • #93,135
  • May 6, 2009 10:07am May 6, 2009 10:07am
Pinbar formed in 1 hr TF. A close above 1.3316 puts the move above the 20 ema
  • #93,136
  • May 6, 2009 10:09am May 6, 2009 10:09am
Quoting joeman
guys,

May I ask rough what settings u used for your ADX ? Default ADX 14 ? I know there is no magic numbers but I just want to find out what do most people see in their ADX setting ?
I use standard 14. Some people use a higher number for the smaller time frames. Play around with it & see what is best for you.
  • #93,137
  • May 6, 2009 10:11am May 6, 2009 10:11am
Quoting 99vt66
I thinks its going back to 13315/20 level. Try shorting it with 15pips SL@13330 and TP@13230. Good R/R and worth trying......
There's going to be more sellers now than before with the rejection at the 3400 area. We have had a lower high and a lower low. I don't usually go by what the market analysis says, but read occassinallym and they are looking at sellers in the 3440 area. I don't think we will get that high. I do think we will be ranging until there is a solid break of 3200.
  • #93,138
  • May 6, 2009 10:16am May 6, 2009 10:16am
Quoting ak4x
My "out on a limb" guess for asia would be the zone between the figure and the central will see the heavier traffic, and I'd be alert for a run back to the DP/xx50 level or a tad above to get the Longs all in a lather... say the QP at 3365 for instance...
Drat...

Missed the session completely, Asia took it down to the QP but not quite all the way ((20pips)) to the M1 pivot like I hoped, ((hey, a target Zone is a Zone for that reason...)), but it was the Fo/Lo gang after all that took it back up, and I underestimated that move by 7 pips as well.

So Drat and Double Drat. A miss is as good as a mile/kilometer on this thread, and everyone here knows if you're off by even ONE pip, then you might as well hang up your mouse. A seven pip miss and the wrong session for the move is an unforgiveable combination of Crap Anal-isis and I accept the Full Responsibility for my errors.

That said, it's possible that the shaded bar at M2 may be our "fulcrum" Pivot Du Jour for the remainder of the day...

Hope the Longs didn't get in too big a lather tho, seein's how That Move didn't last.

Hey, does 1 out of 3 count for anything?


Attached Image
FUBAR...
  • #93,139
  • May 6, 2009 10:21am May 6, 2009 10:21am
You guys draw your own conclusion from the image below.
Attached Image (click to enlarge)
Click to Enlarge Name: allbetsoff.gif Size: 47 KB
  • #93,140
  • May 6, 2009 10:21am May 6, 2009 10:21am
Quoting plan-b
closed my shorts for +90
will look to accumulate more between 1.332 and 1.34

just tuned in to find my short average of 1.3340 looking good..adjusting trailing stop accordignly..
the daily still looks very bearish,subject to retracements in the lower charts ofcourse..
Some drink at the fountain of knowledge. Others just gargle !
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