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EURUSD

  • #113,141
  • Jun 22, 2009 10:45am Jun 22, 2009 10:45am
H&S break has target way below low of today.
  • #113,142
  • Jun 22, 2009 10:51am Jun 22, 2009 10:51am
We are going to 1.375 1st stop fellas
  • #113,143
  • Jun 22, 2009 10:51am Jun 22, 2009 10:51am
What a call ...... What a bounce!!!


Quoting Nene
I wouldnt be surprised to see a retrace back to 1.3900 area.

NE
  • #113,144
  • Jun 22, 2009 10:52am Jun 22, 2009 10:52am
Quoting psiholog
Things are starting to make a bit of sense here. That downtrend I was speaking of was broken hard to the upside. All that remains is a retest of the breakout wall to prove that this is a real break at which point I may load up some longs...to be seen

Attachment
Market position is clearer now, retest failed.
P.S. doesn't mean it can't still reach 1.3911.
  • #113,145
  • Jun 22, 2009 10:53am Jun 22, 2009 10:53am
Quoting psiholog
Things are starting to make a bit of sense here. That downtrend I was speaking of was broken hard to the upside. All that remains is a retest of the breakout wall to prove that this is a real break at which point I may load up some longs...to be seen

Attachment

And so the retest is here....I've picked up a long position here...stop loss at a new low as that would mean break up was false. Note this chart is on the 5min timeframe and we are almost at the lower wall of this newly formed downtrend since pa broke the bigger channel up. Lets see now

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 26 KB


Sidenote: Obama speaking...well that throws technicals out the window..maybe
Different opinions highly valued, ignorant to slander.
  • #113,146
  • Jun 22, 2009 10:58am Jun 22, 2009 10:58am
Its not long area yet for I =P
  • #113,147
  • Jun 22, 2009 11:05am Jun 22, 2009 11:05am
world bank says economys growth rate is lower then thought.. bubble bath time.. be extremily careful with longs..all the crap with nigeria and iran and oil down 3 bucks..
those who can, do. those who cant, talk about those who can
  • #113,148
  • Jun 22, 2009 11:15am Jun 22, 2009 11:15am
i off for the moment.. hope to see u folks tomorrow at 1.37 !
  • #113,149
  • Jun 22, 2009 11:19am Jun 22, 2009 11:19am
Seeing bullish gartley in lower tf having D min 1.3841 long taken but as it seems atypical should go lower level & longs cashed for 12 pips .

waiting how it reacts ? gartly already active or y et to finish!
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #113,150
  • Jun 22, 2009 11:41am Jun 22, 2009 11:41am
Short from 1.387 hoping it can break below 1.384 , That is a very strong resist at the moment. Below that I'm looking for 1.373-1.376 .
Designer by day Trader by night.
  • #113,151
  • Jun 22, 2009 11:44am Jun 22, 2009 11:44am
I closed my short on OIL (too fast, too furious). 400 pips since Friday is not bad at all. I'll maybe reenter after a retrace.

Let's talk about the fiber now. Anyone knows where can I find coverage on the net about the bond auction today? This is the key for this pair at the moment.
  • #113,152
  • Jun 22, 2009 11:44am Jun 22, 2009 11:44am
To many cups of coffee. Hair is starting to fall out.
http://www.pjlighthouse.com/wp-conte...-hair-bald.jpg
  • #113,153
  • Jun 22, 2009 11:47am Jun 22, 2009 11:47am
Like i said earlier,1.3900 is a minor retracement area.It is not adviceable to go long at this critical period at least for today.A short position with profit of between 20 and 50 pips maximum is safer.Going short on( long term) is not adviceable.Pair likely to range between 1.3910-1.3820/10 for the remaining period for today.
  • #113,154
  • Jun 22, 2009 11:51am Jun 22, 2009 11:51am
Quoting gatorinla
world bank says economys growth rate is lower then thought.. bubble bath time.. be extremily careful with longs..all the crap with nigeria and iran and oil down 3 bucks..
Oil just bounced on 23 % level retrace, very very tempting to open long here, but there are still other levels to go long or take profit.
Attached Image (click to enlarge)
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  • #113,155
  • Jun 22, 2009 11:58am Jun 22, 2009 11:58am
Quoting arthurb
Oil just bounced on 23 % level retrace, very very tempting to open long here, but there are still other levels to go long or take profit.
well if you listen to the used car salesmen they are saying buy oil on cnbc now.. i got eu with some good green locked in.. that fed meeting will clear some sl .. i just hope its not mine.. if so im in the green.. all i know is oil has gone up in the past months and the oil well people are getting laid off.. doesnt make sence does it??? so the well companies are speculating a big drop.. i am sure full storage is the reason
those who can, do. those who cant, talk about those who can
  • #113,156
  • Jun 22, 2009 12:02pm Jun 22, 2009 12:02pm
I am now short the market again.
  • #113,157
  • Jun 22, 2009 12:02pm Jun 22, 2009 12:02pm
Quoting gatorinla
well if you listen to the used car salesmen they are saying buy oil on cnbc now.. i got eu with some good green locked in.. that fed meeting will clear some sl .. i just hope its not mine.. if so im in the green.. all i know is oil has gone up in the past months and the oil well people are getting laid off.. doesnt make sence does it??? so the well companies are speculating a big drop..
thanks for your concern, i don't think i listen to speculative news and you shouldn't either, anyway lets hope we are not taking each others money.
  • #113,158
  • Jun 22, 2009 12:05pm Jun 22, 2009 12:05pm
Quoting arthurb
thanks for your concern, i don't think i listen to speculative news and you shouldn't either, anyway lets hope we are not taking each others money.
How would you define a speculative news?
  • #113,159
  • Jun 22, 2009 12:06pm Jun 22, 2009 12:06pm
its always nice to see your post psiholog
  • #113,160
  • Jun 22, 2009 12:09pm Jun 22, 2009 12:09pm
Quoting arthurb
thanks for your concern, i don't think i listen to speculative news and you shouldn't either, anyway lets hope we are not taking each others money.
its not news.. im telling you, its what i know personally..before gov. gathers figures. you may find it here but i suck at searching.. http://www.eia.doe.gov/oil_gas/petro...petroleum.html
those who can, do. those who cant, talk about those who can
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