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  • #129,481
  • Aug 9, 2009 4:15pm Aug 9, 2009 4:15pm
Quoting GainPips
i'm looking for some opinions... I feel like we're going to see some retracement back up towards the 1.44 levels early in the week, probably open my long position in a few hours.. Anyone think we're going to drop back below 1.4 anytime soon...

-Mike
It doesn't matter what you or anyone thinks its going to go. If it goes in one direction but you guess the other - manage your risk, that's all.

Thing is, this isn't like trading stocks at all. It will retrace to 1.44, the question is when...
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #129,482
  • Aug 9, 2009 4:16pm Aug 9, 2009 4:16pm
Quoting Liger86
It doesn't matter what you or anyone thinks its going to go. If it goes in one direction but you guess the other - manage your risk, that's all.

Thing is, this isn't like trading stocks at all. It will retrace to 1.44, the question is when...

Thank you for your blunt response sir ... just trying to spark some conversation about the upcoming week.
  • #129,483
  • Aug 9, 2009 4:34pm Aug 9, 2009 4:34pm
I'm long at around 4175 with a stop loss at 4162. I think we're going to see a move up here shortly when Asian opens.
  • #129,484
  • Aug 9, 2009 4:34pm Aug 9, 2009 4:34pm
Quoting GainPips
Thank you for your blunt response sir ... just trying to spark some conversation about the upcoming week.
Maybe I was blunt. So here is my spark.

I don't think we are going anywhere but in this range that I have indicated in the pic.

Now, that's my spark.

My manners really suck sometimes...
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ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #129,485
  • Aug 9, 2009 4:51pm Aug 9, 2009 4:51pm
aaahhh, those Sunday gaps.... charity pips.
cut losses short, let profits run.
  • #129,486
  • Aug 9, 2009 4:55pm Aug 9, 2009 4:55pm
My take is that we may go down to the sub-trendline here, but I wouldn't trade it. I see the PA moving back up to the upper sub-trendline but I won't take any trades this early in the session. The overall trend is still up, and Fridays drop will evaporate as people forget about the NFP news.

5c

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Doing what you like is Freedom. Liking what you do is Happiness.
  • #129,487
  • Aug 9, 2009 5:22pm Aug 9, 2009 5:22pm
Quoting GainPips
i'm looking for some opinions... I feel like we're going to see some retracement back up towards the 1.44 levels early in the week, probably open my long position in a few hours.. Anyone think we're going to drop back below 1.4 anytime soon...

-Mike
bias remains bullish until a break of 1.4000...we're now at a 61.8 rt of move from 7/29-8/5...minimum move to 4340-4440 likely...if bulls take over, a move to 4620-4720 is possible...g/l and g/t to all
  • #129,488
  • Aug 9, 2009 5:27pm Aug 9, 2009 5:27pm
Quoting realjumper
My take is that we may go down to the sub-trendline here, but I wouldn't trade it. I see the PA moving back up to the upper sub-trendline but I won't take any trades this early in the session. The overall trend is still up, and Fridays drop will evaporate as people forget about the NFP news.

5c

Here you are:
http://www.bestcoin.com/images/1913_...walton_rev.jpg
The Thief of Wall Street
  • #129,489
  • Aug 9, 2009 6:07pm Aug 9, 2009 6:07pm
my levels

http://forexforums.dailyfx.com/attac...yst-forex2.jpg

---------

support resistance

.
  • #129,490
  • Aug 9, 2009 6:12pm Aug 9, 2009 6:12pm
What's with 4191? I'm not seeing any support or resistance there?
  • #129,491
  • Aug 9, 2009 6:25pm Aug 9, 2009 6:25pm
Quoting realjumper
My take is that we may go down to the sub-trendline here, but I wouldn't trade it. I see the PA moving back up to the upper sub-trendline but I won't take any trades this early in the session. The overall trend is still up, and Fridays drop will evaporate as people forget about the NFP news.

5c

Those first trade you have planned have a good chance of working out, as it presents a low risk entry where you can set a fairly tight SL. Watch any return to daily pivot today. See you Europe session. My call is for a bottom, short term, to form and the day to end higher.
  • #129,492
  • Aug 9, 2009 6:32pm Aug 9, 2009 6:32pm
Quoting Rolandpet
Larseg ..... pls update the house with the new found system...

You hav bn a great guy here.

Thanks
So you read my weekly pivot eur/usd system?

working scarily well the last couple of months

waiting for 1,4125 now (240 pips) and then I won't trade eur/usd before next week if it hits res levels
  • #129,493
  • Aug 9, 2009 6:50pm Aug 9, 2009 6:50pm
1.3880 or 1.3800 as possible maximum reach of C wave and then up to 1.46-7 i think
never go for max profit, but for minimum lose !
  • #129,494
  • Aug 9, 2009 6:50pm Aug 9, 2009 6:50pm
Quoting OleMiss
What's with 4191? I'm not seeing any support or resistance there?
Current location of MA20 on daily

Pay attention to those important MAs!
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #129,495
  • Aug 9, 2009 6:52pm Aug 9, 2009 6:52pm
Do any of you guys chat forex over skype? I know it was brought up before.

I'm aware that it can be anoying too, but just wondering...
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #129,496
  • Aug 9, 2009 6:57pm Aug 9, 2009 6:57pm
Quoting IcoHristov
1.3880 or 1.3800 as possible maximum reach of C wave and then up to 1.46-7 i think
Good , but I have the lows a little higher, in the 3930 zone. Lower is possible but more outside chance as I see it. Thats all a week to two and a half weeks away still, of course.
  • #129,497
  • Aug 9, 2009 6:57pm Aug 9, 2009 6:57pm
i have the clearest indication that the usd/jpy why is on the way to a correction and that price would get to 96.967...it could even go below that if i get a confirmation on my 4hr chart.but for now i will take my profit just at 96.967.could some please check the above mentioned pair?happy profit making


megaboom
  • #129,498
  • Aug 9, 2009 7:02pm Aug 9, 2009 7:02pm
Quoting stevefx
Good , but I have the lows a little higher, in the 3930 zone. Lower is possible but more outside chance as I see it. Thats all a week to two and a half weeks away still, of course.
Much more my friend , i say this based on Weekly Chart , actually i think something more likely 1.36 or even more low , all depends on news and so on , but a deep movement down will be for sure. usually its 70 % chance for ABC correction waves to be 1/3 of the 1-5 waves.
never go for max profit, but for minimum lose !
  • #129,499
  • Aug 9, 2009 7:05pm Aug 9, 2009 7:05pm
Quoting IcoHristov
Much more my friend , i say this based on Weekly Chart , actually i think something more likely 1.36 or even more low , all depends on news and so on , but a deep movement down will be for sure. usually its 70 % chance for ABC correction waves to be 1/3 of the 1-5 waves.
Make you a sidebet we don't cross 3800 on the downside before going back up ...
hmm...maybe i could get good money on no-touch option to that effect...
  • #129,500
  • Aug 9, 2009 7:08pm Aug 9, 2009 7:08pm
Quoting stevefx
Make you a sidebet we don't cross 3800 on the downside before going back up ...
hmm...maybe i could get good money on no-touch option to that effect...
The only back-up i see is the correction to the 4h Bear bar last week ,
never go for max profit, but for minimum lose !
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