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EURUSD

  • #98,861
  • May 21, 2009 10:59am May 21, 2009 10:59am
Quoting FXexpress
See charts in my past posts. Smooth

MK
this isn't what I would exactly call a breakout - - - - yet. though, it is working on it - and may very well be - but; a 20 pip (or there about) move is no breakout from this ranging for the last 12+ hours
Pip what you see; See what you pip!
  • #98,862
  • May 21, 2009 11:00am May 21, 2009 11:00am
Quoting xiaofeng0717
EJ went crazy...
How did you notice?
  • #98,863
  • May 21, 2009 11:01am May 21, 2009 11:01am
Triangle breakout, But its an aggressive mov e and that is what I was waiting for. We will get there.

MK

Quoting SeerEye
this isn't what I would exactly call a breakout - - - - yet. though, it is working on it - and may very well be - but; a 20 pip (or there about) move is no breakout from this ranging for the last 12+ hours
  • #98,864
  • May 21, 2009 11:02am May 21, 2009 11:02am
Quoting knuckledrag
Positive

We will see if the market swallows the horse shit he's shoveling, but nothing at this point is positive.
got mine..
those who can, do. those who cant, talk about those who can
  • #98,865
  • May 21, 2009 11:03am May 21, 2009 11:03am
I am looking for 1.3800 - 1.3900 today, maybe more.

MK
  • #98,866
  • May 21, 2009 11:06am May 21, 2009 11:06am
For those who have bad days recently here's something to make you laugh...
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Panamera Lifestyle
  • #98,867
  • May 21, 2009 11:11am May 21, 2009 11:11am
Quoting SunTrader
How did you notice?
I put M15 EU, EJ, and UCHF in the same screen, just watched EJ went like a rocket, and then EU followed it
  • #98,868
  • May 21, 2009 11:13am May 21, 2009 11:13am
Quoting gatorinla
got mine..

another chance are you taking it?
  • #98,869
  • May 21, 2009 11:16am May 21, 2009 11:16am
Quoting ragnakore
My money was to go long around 1.3730s as earlier posted; but pulled it out due to strong negative DOW.

Most of the time, EURUSD follows DOW faithfully. Today, a big negative DOW could not push this down.

Yet 1.3840s proved very strong resistance as well.

I'd better stay away for a while.
Not sure that I'd trade that faithful correlation. Unless I was buying and holding and I'd fully determined that it was a one way causality.

Market up 80 pips since 'Notch Cycle' crossed zero. Shed swelling with forex nector!
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  • #98,870
  • May 21, 2009 11:16am May 21, 2009 11:16am
-32pips I got my bad day, didnt take +50 instead taking -32.

The money is not flowing to Stocks, not USD, Not Jpy, Not Crude, But Gold, other currencies.

I think the market "think" the safe heaven is Other currencies + gold now.
  • #98,871
  • May 21, 2009 11:17am May 21, 2009 11:17am
Quoting notch
Not sure that I'd trade that faithful correlation.

Market up 80 pips since 'Notch Cycle' crossed zero. Shed swelling with forex nector!
very well done notch !

I am curious to know what is the notch cycle
I SEE YOU !!
  • #98,872
  • May 21, 2009 11:19am May 21, 2009 11:19am
Quoting trendman
it's so volatile that all my ma are mixed ,can't see any direction ?anypne agrees?
Sorry but I just saw this as I'm cutting down on my "forum time" here... too distracting lately in this kind of trading environment.

I don't know what your specific MA settings are or how you're using them, but I don't think it's the volatility causing the problems.

Any time you have an extended duration range with relatively narrow boundaries that get respected like this most recent one has ((looking at the last 28 hrs for instance)), your MA's will become less reliable to useless and that's probably true of many of the oscillator type indi's as well, altho I don't use them much or at all and stand to be corrected on that.

The only one's I'm currently paying much attention to are on my 6m chart and down, 20m Bollinger bands, and pivots and fibs always for S/R guidelines.

Like any good tool, know when to use it and when to look for a different one. If you don't have what you need, Sidelined is a Position just as valid as being Short or Long. You need to have a good reason for any one of those positions, and don't let anyone here or anywhere else tell You differently. Trade well... or not at all.
FUBAR...
  • #98,873
  • May 21, 2009 11:20am May 21, 2009 11:20am
There are bearish bat in M5 D point 1.3835 & already gartleys in H4 & D1 sitting for long time & so I will just sit with my shorts from now .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #98,874
  • May 21, 2009 11:22am May 21, 2009 11:22am
A probable good short entry here 1.3800 to 1.3650 (150pip)

Any thoughts?
  • #98,875
  • May 21, 2009 11:24am May 21, 2009 11:24am
Quoting knuckledrag
another chance are you taking it?
sure r/r is pretty good/
those who can, do. those who cant, talk about those who can
  • #98,876
  • May 21, 2009 11:25am May 21, 2009 11:25am
There is a Bullish Pivot bar forming on the 15 min. Lets see if it follows thru.

MK
  • #98,877
  • May 21, 2009 11:28am May 21, 2009 11:28am
Quoting The Fool
OK, yes, there are correlations between the E/U (and other pairs) and stock indices, Oil, etc., and sometimes these are tight and long-lasting but always subject to change - like Master Notch says, not exactly straightforward - nothing to be relied upon blindly.

But then the price action sees huge spikes that leap-frog over these correlations and may even slap them silly, if only for a while. Like the S&P downgrade announcement on the pound this AM. And like the 100-pip gap up from a day ago that caught you with your shorts down.

These gaps are probably caused by truly huge movements of capital between the banks and other financial instiutions and those guys are not worried about the S&P.

So, Fool, what can I tell ya? The dollar is just too weak to make up that gap and you would be best advised to bite the bullet and close out those shorts. Chalk it up as a learning experience. Get back in the game and make up those losses.

Quoting notch
BORED!

Anyway, Artificial Intelligence Forecasts:

For the Week: High (directional accuracy 82.5%) 1.3732 - Low (directional accuracy 65.05%) 1.3420
For the Day: High (directional accuracy 65.29%) 1.3508 - Low (directional accuracy 72.73%) 1.3429

Well this AI forecast posted at the beginning of the week would certainly have helped you to avoid that gap if you weren't too busy scratching your bum.

The above forecast even gave you the probability of 82.5%. Unbelievable that not one trader enquired about how the probability was arrived at. These forecasts include every cross-correlation you can imagine.

Fact is, most traders are inflexible; expect outcomes to repeat themselves in the exactly same way over and over again; believe in chart patterns, fibonnacci and Elliot, trends etc but yet can't seem to make the intellectual leap that such things as cross chart pattern correlations, fibo correlations elliot etc etc exist and can be exploited to project out into the future. But to state that this went up and that should go down seems a little naive to me. Do you really think that such an opportunity would not be arb'd away? fascinating!
  • #98,878
  • May 21, 2009 11:29am May 21, 2009 11:29am
Quoting gatorinla
sure r/r is pretty good/
pretty good what the hell is excellent
  • #98,879
  • May 21, 2009 11:29am May 21, 2009 11:29am
  •  Trader#8714
  • | Status: Unregistered Trader
Quoting Forex ATM
A probable good short entry here 1.3800 to 1.3650 (150pip)

Any thoughts?
Where did that came from?
  • #98,880
  • May 21, 2009 11:32am May 21, 2009 11:32am
The 1.3800 level has been tested 4 times in the past 24 hours. We should retrace before any move higher. Looking at 1.3650...
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