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EURUSD

  • #100,901
  • May 26, 2009 12:01pm May 26, 2009 12:01pm
Quoting notch
Hourly predictions are showing reversal signs:
Next 60 mins
PH: 1.3999
PL: 1.3970

bada bing!!!! Sorry..self praise.


Next 4 hour forecast:

PH: 1.4028
PL: 1.3919


The above are just indications. Please use you own levels.
  • #100,902
  • May 26, 2009 12:02pm May 26, 2009 12:02pm
Quoting notch
Bling,
I know it was a heads-up and to be honest the statement of "don't focus on a pattern until it is complete" was as much for my benefit as yours.


We miss you FXEXpress!!
Fair enough.. im still trying to get my understanding of all the chart patterns i missed before and not only look to give the heads up but get the conformaition i called it right (or when i suspect it would finish)
  • #100,903
  • May 26, 2009 12:13pm May 26, 2009 12:13pm
Quoting notch
I have no clue...for being a clean living man of God maybe...I have no clue.

But I expect the EURUSD to tank!
Can you show charts and president?? for your tank theory
  • #100,904
  • May 26, 2009 12:14pm May 26, 2009 12:14pm
Quoting notch
bada bing!!!! Sorry..self praise.


Next 4 hour forecast:

PH: 1.4028
PL: 1.3919


The above are just indications. Please use you own levels.
Got my pips. Had to sit through a litle worry there, but it's going down some more I reckon.
  • #100,905
  • May 26, 2009 12:15pm May 26, 2009 12:15pm
Just heard the USD40b auction was well received with bid-to-cover of 2.94.. Hoorah to the USD..
  • #100,906
  • May 26, 2009 12:16pm May 26, 2009 12:16pm
Quoting notch
bada bing!!!! Sorry..self praise.

Next 4 hour forecast:

PH: 1.4028
PL: 1.3919

The above are just indications. Please use you own levels.

What can I say but WOW to the previous hours forecast
  • #100,907
  • May 26, 2009 12:17pm May 26, 2009 12:17pm
Quoting Bling
Left Shoulder 3962 Head @ 3866 and looking to finish the Right Shoulder around 3960 ....... Obviously im lookin for an INVERTED one do yous all see it
I don't think you got my response clear. You should be looking for an inverted head and shouder near a bottom, not a top. Incidentally, didn't you miss the clear triple top, and the head and should pattern 9non-inverted) is now. Whether it breaks or not is another matter.
  • #100,908
  • May 26, 2009 12:20pm May 26, 2009 12:20pm
Quoting Atlast
I don't think you got my response clear. You should be looking for an inverted head and shouder near a bottom, not a top. Incidentally, didn't you miss the clear triple top, and the head and should pattern 9non-inverted) is now. Whether it breaks or not is another matter.
Well i guess i had and that is why i look to all the experienced traders to set me in the right direction.... i was a bit confused about when to look for inverted H&S or non but thanks for clearing that up and what chart was the triple top on??
  • #100,909
  • May 26, 2009 12:20pm May 26, 2009 12:20pm
Quoting Bling
Can you show charts and president?? for your tank theory

I'm just expecting the price to make a retrace of .618 of the upward move.

It has been rejected several time at the good resistence at the level of 1.3997. The next good support from my perspective is at 1.3950.


Plus the indices look as though they have lost momentum and are about to reverse.
Attached Image (click to enlarge)
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  • #100,910
  • May 26, 2009 12:22pm May 26, 2009 12:22pm
Quoting Atlast
Got my pips. Had to sit through a litle worry there, but it's going down some more I reckon.

Yes, I also got my pips but closed half and I'll let the remainder run.
  • #100,911
  • May 26, 2009 12:22pm May 26, 2009 12:22pm
Hey .. EURO hit resistance at an old daily gap.
Attached Image (click to enlarge)
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  • #100,912
  • May 26, 2009 12:32pm May 26, 2009 12:32pm
some support right about here on multiple t/f's w/ multiple indy's and t/l's etc. Also, volume sucks for any move right now. Equities had looked like they might slide - but; not right now -

I agree with Notch (oh man - ) that a retrace to 1.3925( 38.2% fib of upmove) is likely, but when?????? - Ah; now THAT is the question -

For now; I don't do sh#t 'till my system tells me too -
It's not perfect either - told me to short at 74 right at the top of the hour - grabbed 4 pips - it didn't 'smell' right - so I bailed. I always attempt to NEVER marry a trade.
Pip what you see; See what you pip!
  • #100,913
  • May 26, 2009 12:38pm May 26, 2009 12:38pm
Quoting Atlast
Got my pips. Had to sit through a litle worry there, but it's going down some more I reckon.
Same for me here. Went short 1.3971 looking for retrace, a bit early. Seems Like short is back in Play after hitting 1.4002 area. Hopefully it continues Downward after lunch in US Markets.

Good luck to all no matter what side your on. There are enough pips for everyone.
  • #100,914
  • May 26, 2009 12:40pm May 26, 2009 12:40pm
Quoting Bling
Well i guess i had and that is why i look to all the experienced traders to set me in the right direction.... i was a bit confused about when to look for inverted H&S or non but thanks for clearing that up and what chart was the triple top on??
As I have a little time before my late dinner, here it is in the 5 min TF.
The reversal zone was my own projection, nothing to do with your question, but happened to be at daily pivot point. Also put in a reversal signal trigger in case you were watchin it. Hope it helps.
Attached Image
  • #100,915
  • May 26, 2009 12:49pm May 26, 2009 12:49pm
Quoting jack.canadia
Hey .. EURO hit resistance at an old daily gap.
That wasn't an 'Open' gap.

And besides my chart doesn't have a gap there at all.
  • #100,916
  • May 26, 2009 12:56pm May 26, 2009 12:56pm
Quoting Atlast
As I have a little time before my late dinner, here it is in the 5 min TF.
The reversal zone was my own projection, nothing to do with your question, but happened to be at daily pivot point. Also put in a reversal signal trigger in case you were watchin it. Hope it helps.
Thanks for your explanation... yes i am continuing to watch and i see that it would like to head in the up direction not much to back it up but what do you see for end of day ??
  • #100,917
  • May 26, 2009 12:57pm May 26, 2009 12:57pm
For the record. Went long on my Demo account. I expect a breach of the Pivot line with R1 as TP1. Maybe I'm dreaming or something, but worth a shot just for fun.
  • #100,918
  • May 26, 2009 1:06pm May 26, 2009 1:06pm
I am beginning short position from .400, expecting profit-taking in stocks during last couple hours or so to bring E/U back down.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #100,919
  • May 26, 2009 1:07pm May 26, 2009 1:07pm
got quite a profit today 117 pip from scalping. gonna sleep now. happy peeping all
Gambling with PA
  • #100,920
  • May 26, 2009 1:07pm May 26, 2009 1:07pm
Quoting TheFisherman
For the record. Went long on my Demo account. I expect a breach of the Pivot line with R1 as TP1. Maybe I'm dreaming or something, but worth a shot just for fun.
I know it sounds crazy but I do believe that if we reach 1.40150 weŽll be seeing 1.42xx
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