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EURUSD

  • #116,041
  • Jun 29, 2009 2:15pm Jun 29, 2009 2:15pm
Quoting VinzZ
Is that not in contradiction with your previous post? You said that the triangle would be broken on the down side. Or did I read it wrong?

The dream outcome is what I would want to see happen. (not reality)

The post about the triangle is what pa is doing right now (reality). I said break hard from one wall to the other wall (my wording may have caused confusion here). So to rephrase...like any channel...move from the upper wall to the lower wall of the triangle. As far as breakout goes and in which direction..lets let the market makers decide that...and we follow them after.

In a sense there is contradiction between my dream outcome and reality...however reality is the only thing that counts in trading..what the charts tell us

Hope I cleared up the confusion
Different opinions highly valued, ignorant to slander.
  • #116,042
  • Jun 29, 2009 2:23pm Jun 29, 2009 2:23pm
Quoting psiholog
Hope I cleared up the confusion
Do you trade H&S? I tend to think I see them when they are half-done, like right now with PA retesting .4100 - that would be his head. I hear H&S is rare, though. At any rate, I am scalping short below .4100.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #116,043
  • Jun 29, 2009 2:36pm Jun 29, 2009 2:36pm
Quoting The Fool
Do you trade H&S? I tend to think I see them when they are half-done, like right now with PA retesting .4100 - that would be his head. I hear H&S is rare, though. At any rate, I am scalping short below .4100.
A classic trend reversal is a H&S. Higher Low-Higher High-Lower High-Lower Low bada-bing the trend is reversing.
  • #116,044
  • Edited 2:42pm Jun 29, 2009 2:37pm | Edited 2:42pm
The fog is dissapearing yeah, you cleared it out.

How ever off topic of the triangle subject. I think the real E/U position should be around 1.25 - 1.35. I live in Europe and work in the IT sector and see all prices drop due to the high Euro. That's good for us (I don't mean our industries).
So I have a bearish sentiment for E/U atm. But on the other hand you hear China and Russia talking about changing their backup currency. I'm not good at this (not at all, I'm a noob), but for me that gives a pressure on the USD. On the other hand if they want to change backup currency for real then a weak USD ain't good news... lol

Well, I think (and hope) that the euro will drop to the 1.35 and 1.43 could be the highest peak.

Anyway just my vision on the E/U based on very little info.

Quoting psiholog
The dream outcome is what I would want to see happen. (not reality)

The post about the triangle is what pa is doing right now (reality). I said break hard from one wall to the other wall (my wording may have caused confusion here). So to rephrase...like any channel...move from the upper wall to the lower wall of the triangle. As far as breakout goes and in which direction..lets let the market makers decide that...and we follow them after.

In a sense there is contradiction between my dream outcome and reality...however reality is the only thing...
Close your eyes when you feel you are going under.
  • #116,045
  • Jun 29, 2009 2:37pm Jun 29, 2009 2:37pm
Quoting The Fool
Do you trade H&S? I tend to think I see them when they are half-done, like right now with PA retesting .4100 - that would be his head. I hear H&S is rare, though. At any rate, I am scalping short below .4100.
I do trade them all the time...sometimes even on the 1min timeframe if volatility is high (usually associated with major news). However I do not think that is the case here....if you zoom your chart out a bit youll see we are just retesting the highs from friday. At this particular time that triangle I mentioned I think is the only pattern worth watching as we are making lower highs and higher lows for the past 3-4 weeks...with pa in a 200pip range only now. When that breakout occurs...thats when looking for new patterns comes back into play (including my dream scenario).
Different opinions highly valued, ignorant to slander.
  • #116,046
  • Jun 29, 2009 2:41pm Jun 29, 2009 2:41pm
Quoting The Fool
Do you trade H&S? I tend to think I see them when they are half-done, like right now with PA retesting .4100 - that would be his head. I hear H&S is rare, though. At any rate, I am scalping short below .4100.
Cha-Ching
  • #116,047
  • Jun 29, 2009 2:50pm Jun 29, 2009 2:50pm
Quoting VinzZ
I think the real E/U position should be around 1.25 - 1.35.

Well, I think (and hope) that the euro will drop to the 1.35 and 1.43 could be the highest peak.
1.25 would be fine with me so long as the EU-S&P correlation is dead & gone. Many of us old fogies have lots invested in stocks. My portfolio leers viciously at me every time I look at it with loads of dogs I boutght at the top of the market in late summer '07.

Under 1.25 and I might even be able to afford a visit...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #116,048
  • Jun 29, 2009 4:17pm Jun 29, 2009 4:17pm
Closed my long for a slight loss. Going to wait for a better entry as I can see some possible retracement before significantly breaking 1.41 again, and because I'm going to sleep and don't want to keep this in play over night.
  • #116,049
  • Jun 29, 2009 4:31pm Jun 29, 2009 4:31pm
is my pivot calculator on crack, or did the pivot really stay the same as yesterdays?
  • #116,050
  • Jun 29, 2009 4:53pm Jun 29, 2009 4:53pm
short term numbers

4103 4075 57 43 29 11 3983

a little longer

4120 4065 30 03 3975 42 388688
those who can, do. those who cant, talk about those who can
  • #116,051
  • Jun 29, 2009 5:32pm Jun 29, 2009 5:32pm
Quoting psiholog
that triangle I mentioned I think is the only pattern worth watching as we are making lower highs and higher lows for the past 3-4 weeks...
  • #116,052
  • Jun 29, 2009 5:54pm Jun 29, 2009 5:54pm
Support Resistance Levels EUR 30 June 2009

1,4117 - 1,4152 - 1,4191 - 1,4235 - 1,428

1,4078

1,4011 - 1,3972 - 1,3916 - 1,3882 - 1,382

------------

Support resistance

.
  • #116,053
  • Jun 29, 2009 6:01pm Jun 29, 2009 6:01pm
Insomnia & so sit calculating what bear may give this week or so.

1.4114 or little higher 1.4147 may be the top now and if actually starts should be huge ,not less than 593 pips if simple ab=cd pattern for greater bull again.so patience for few days or weeks no matter.
Pardon me if any wrong at this midnight.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #116,054
  • Jun 29, 2009 6:41pm Jun 29, 2009 6:41pm
Stop hunting are we?
  • #116,055
  • Jun 29, 2009 6:52pm Jun 29, 2009 6:52pm
Lets bleed this bull already!
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #116,056
  • Jun 29, 2009 6:55pm Jun 29, 2009 6:55pm
up against trendline resistance, 5min doji, everyone yelling short,

you don't expect it will hit daily R1 this early in the day, do you - could happen!
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #116,057
  • Edited Jun 30, 2009 4:53am Jun 29, 2009 6:55pm | Edited Jun 30, 2009 4:53am
take profit time ..

>

edit delete chart
chart was open for public view till now >6 hours
thank you for taking an interest
  • #116,058
  • Jun 29, 2009 7:05pm Jun 29, 2009 7:05pm
Everyone at this moment must be entering their comfortable short positions and unable to post...
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #116,059
  • Jun 29, 2009 7:07pm Jun 29, 2009 7:07pm
Quoting Liger86
Everyone at this moment must be entering their comfortable short positions and unable to post...
I'm on the edge of my seat...

put in short order at .4105 wil sl of .4120
  • #116,060
  • Jun 29, 2009 7:20pm Jun 29, 2009 7:20pm
could hit the R1, but I doubt much farther.
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