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  • #95,141
  • May 12, 2009 11:28am May 12, 2009 11:28am
Quoting fontu
One should wait to see if the break hold or not & so test & retests before confirmation & then take the trade be the good practice.
And so here price likely test the support 1.3623 again & even may retest .
fontu
Ta fontu i appreciate it
  • #95,142
  • May 12, 2009 11:29am May 12, 2009 11:29am
Quoting jphotdeals
should have waited....would have gotten it...oh well, maybe next time
I sense another opportunity for a short very soon....
  • #95,143
  • May 12, 2009 11:30am May 12, 2009 11:30am
on Daily chart it looks like it allready completed Double top , after that on 4h it says that it's getting down run , on 1h chart it looks like its going surely. Thats what i see
CrizZzZzZzZz
  • #95,144
  • May 12, 2009 11:30am May 12, 2009 11:30am
Quoting WedWed
Hi Hasnaa we miss you here...
  • #95,145
  • May 12, 2009 11:32am May 12, 2009 11:32am
This is my long term analysis based off of the Monthly and Weekly Charts:

#1) We've seen a breakout above the TL extending from July 08 high to Dec 08 High. If this is a true breakout it is probable that PA will return to test the breakout in the 1.3450 neighborhood, which is also the 200 MA area, before lurching upwards into the top Gray zone with my 1st TP of around 1.4050/70, 2nd TP (solid blue line) near the 23.6 fib ('02 low to '08 high) and horizontal resistance of ~1.4250/80.

#2) If PA closes below the 200 MA/breakout TL I will be preparing shorts to the lower gray zone with my 1st TP of around 1.2880 in anticipation of further downward momentum carrying PA to the recent support TL of approximately 1.2650ish.

#3) With the PPI, Retail Sales, Unemployment, CPI etc this week I expect a lot of volatilty both up and down until institutional traders are comfortable picking a direction so beware of false momentum in either direction... we are in the danger zone.

...my 2 cents

PEACE


Attached Image (click to enlarge)
Click to Enlarge Name: weekly eurusd analysis on daily chart51209.gif Size: 26 KB
  • #95,146
  • May 12, 2009 11:33am May 12, 2009 11:33am
Quoting mmeador
been long from 1.3607 for 12hrs now... lookin like it might come back to my b/e... guess I should of got out of the elevator when we reached the top floor instead of riding for fun...
A trailing stop of say 40 would have stopped you out in good profit
Some drink at the fountain of knowledge. Others just gargle !
  • #95,147
  • May 12, 2009 11:36am May 12, 2009 11:36am
I saw some people open longs after my posts!

the timing to trade was above 1.3700 and for shorts of course, now time to do nothing. just watch 1.3700 or 1.3533.

Curious it is actual S1 and R2, my system is saying 1.3533 and 1.3711, interesting!

Coincidence or maybe not. I do dot use anymore these numbers given by system, only my lines.
  • #95,148
  • May 12, 2009 12:03pm May 12, 2009 12:03pm
Shorted pair on Pin bar.
Attached Image (click to enlarge)
Click to Enlarge Name: EUDUSD_short.jpg Size: 100 KB
  • #95,149
  • May 12, 2009 12:04pm May 12, 2009 12:04pm
Quoting BoredToLoose
I saw some people open longs after my posts!

.
You mean now or near 1.37xx?
The Thief of Wall Street
  • #95,150
  • May 12, 2009 12:08pm May 12, 2009 12:08pm
2 charts... a 12hr and an 8hr.

The 8hr breaks the PA down better and shows the S/R zones a little more clearly. In spite of the potential turn in progress on the 12hr chart, it MUST still break that current Support at the 3580/3600 level, or this mangy pair may continue on up.

I would look at any consolidation PA at or above that 3580/3600 level as somewhat disturbing for current or future shorts...

On the other hand, if that 36xx support level can be taken out and CLEARED with conviction, then there's a lot of clear air underneath it... and longs beware.

There are some internal banking issues being discussed this week in Germany, and I consider them key to the near or mid term Eurozone health, as however Germany goes, the EZ may follow with regard to policy and hard to follow stuff like that. Any comments from more knowledgeable folk on those kind of issues welcome...

BTW, both the current 8hr and 12hr candles close at 7pm CST/8pm EST ((ar'd the asian Open)) ... if you're watching that sort of thing.
Attached Images
FUBAR...
  • #95,151
  • May 12, 2009 12:19pm May 12, 2009 12:19pm
Quoting Chicky
You mean now or near 1.37xx?
We are now in a possible 1.3700/1.3500 range.

I have for some time 1.3700 as a level where This cross will set to send price to 1.42 or above.

Well, my Long Term bias is Bear, timing to see this at those levels are ending, so this must go this week to that levels or no deal.

Only a TR will cancel my view, but what can do that sentiment to change?

I can be very wrong, I fail too like everyone else, but if this continue to rise in slow mode until 1.42xx, then it could not stop there, because level are not being rejected strongly like should do, if wants to follow Daily Trend.

Daily Trend can be seeing different ways if you zoom in or zoom out the chart, what prevails?
  • #95,152
  • May 12, 2009 12:21pm May 12, 2009 12:21pm
Quoting GrnEydGuy
This is my long term analysis based off of the Monthly and Weekly Charts:


#3) With the PPI, Retail Sales, Unemployment, CPI etc this week I expect a lot of volatilty both up and down until institutional traders are comfortable picking a direction so beware of false momentum in either direction... we are in the danger zone.

...my 2 cents

PEACE


Attachment
Thanks for this analysis... and thanks to you, I now have the "Top Gun" theme song in my head.

Doh! I didn't mean to do that.
  • #95,153
  • May 12, 2009 12:23pm May 12, 2009 12:23pm
Quoting BoredToLoose
I saw some people open longs after my posts!

the timing to trade was above 1.3700 and for shorts of course, now time to do nothing. just watch 1.3700 or 1.3533.

Curious it is actual S1 and R2, my system is saying 1.3533 and 1.3711, interesting!

Coincidence or maybe not. I do dot use anymore these numbers given by system, only my lines.

Hi Broether i like to trade by T-line and S&R .. is it possible to tell me how to find these number by your line?

thanx in advance
Never sell @ lower upward channel unless breacked and vise versa .
  • #95,154
  • May 12, 2009 12:34pm May 12, 2009 12:34pm
Quoting WedWed
Hi Broether i like to trade by T-line and S&R .. is it possible to tell me how to find these number by your line?

thanx in advance
... because I do not use any relevant indicators, but I can draw charts only using them too, like some emas.

The way I draw my lines it is very complicated and that is what can intrigue most who see my charts.

I look to a chart and start to draw the lines, it is intuitive, and that is why very complicated to teach, I use angles, cross lines, inner lines, symmetric channels.

My favorite indies are Gann and Ichi.

So to reply to your answer, I do not know how to find it.
  • #95,155
  • May 12, 2009 12:40pm May 12, 2009 12:40pm
Quoting BoredToLoose
We are now in a possible 1.3700/1.3500 range.

I have for some time 1.3700 as a level where This cross will set to send price to 1.42 or above.

Well, my Long Term bias is Bear, timing to see this at those levels are ending, so this must go this week to that levels or no deal.

Only a TR will cancel my view, but what can do that sentiment to change?

I can be very wrong, I fail too like everyone else, but if this continue to rise in slow mode until 1.42xx, then it could not stop there, because level are not being rejected strongly like should...
Well, I do agree with you. However, don't see any immediate reason that could justify such a big move up. When it does not go up, should consolidate here. Therefore vicinity of 1.35xx seems logical to me as a consolidation point.
The Thief of Wall Street
  • #95,156
  • May 12, 2009 12:42pm May 12, 2009 12:42pm
Hey dude, thanx 4 the analysis, your analysis has always been spot on. Appriciate it.


Quoting ak4x
2 charts... a 12hr and an 8hr.

The 8hr breaks the PA down better and shows the S/R zones a little more clearly. In spite of the potential turn in progress on the 12hr chart, it MUST still break that current Support at the 3580/3600 level, or this mangy pair may continue on up.

I would look at any consolidation PA at or above that 3580/3600 level as somewhat disturbing for current or future shorts...

On the other hand, if that 36xx support level can be taken out and CLEARED with conviction, then there's a lot of clear air underneath it......
  • #95,157
  • May 12, 2009 12:46pm May 12, 2009 12:46pm
Quoting BoredToLoose
... because I do not use any relevant indicators, but I can draw charts only using them too, like some emas.

The way I draw my lines it is very complicated and that is what can intrigue most who see my charts.

I look to a chart and start to draw the lines, it is intuitive, and that is why very complicated to teach, I use angles, cross lines, inner lines, symmetric channels.

My favorite indies are Gann and Ichi.

So to reply to your answer, I do not know how to find it.
thanx brother for replay
Never sell @ lower upward channel unless breacked and vise versa .
  • #95,158
  • May 12, 2009 12:51pm May 12, 2009 12:51pm
"intrigue most"

Not the word that immediately comes to mind.
  • #95,159
  • May 12, 2009 1:00pm May 12, 2009 1:00pm
Quoting jphotdeals
3640-44 has been holding now for 4, 15 TF
it has been wanting to drop below the 3620 area. if we can break that and hold it, we should go further down till 3585 area..

BIG BOYS CLOSED THEIR TRADES AT 3700....REMEMBER EVEN NUMBERS
sorry for the caps
I agree, the buying climax topped out at 3695 - 3700, now it is going down. The last candle on the H1 shows no demand. My guess is that it will go down to around 3570 in the immediate future...
  • #95,160
  • May 12, 2009 1:01pm May 12, 2009 1:01pm
Quoting GrnEydGuy
This is my long term analysis based off of the Monthly and Weekly Charts:

...my 2 cents

PEACE


Attachment

thank you for analysis
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