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  • #132,781
  • Aug 19, 2009 2:02am Aug 19, 2009 2:02am
Quoting siobi
retest should complete, we need news to push down or up....

any news ?

if no ,then Share market from china might be a good point to see its drop...

just see EUR market response... if london follows, then EUR collapse and reach 1.4050 before US open....

just my humble opinion.......
I totally agree with youfor the medium term market direction (south). I just was asking if someone believes that we would have a correction before downtrnd gets back. I'm long @4092 with pivot point as a target and from there short again...let's see what happens.
Once again, thank you for your posts!!
  • #132,782
  • Edited 2:36am Aug 19, 2009 2:03am | Edited 2:36am
morning pips... from short to long ....short closed at 4120 long entered at 4100 ..........goood luck everybody
  • #132,783
  • Aug 19, 2009 2:05am Aug 19, 2009 2:05am
just posted a new outlook over at news

http://www.forexfactory.com/news.php?do=news&id=191848


do grace my humble story .. thanks !!
  • #132,784
  • Aug 19, 2009 2:07am Aug 19, 2009 2:07am
short @ 4100, TP 4050

Asia market stock drop may causing EU drop like hell b4 NY open
  • #132,785
  • Aug 19, 2009 2:15am Aug 19, 2009 2:15am
Economic factors take precedence over bunch of trend lines, fibs, pivots, moving averages, etc. The real factors as we hear look bearish ( I have not confirmed these factors, just relying upon what read on this thread). However, based on few trendlines I have drawn on my chart, PA has came down a bit too early from a weaker resistance trendline, which I think has been breached to the north about five and a half hours ago. Expecting that PA may touch 1.4200/1.4180 area before taking a definite direction down. Let's see what it does. These are just my views and I do not control markets.
The Thief of Wall Street
  • #132,786
  • Aug 19, 2009 2:24am Aug 19, 2009 2:24am
i think the same in 4H chart, first to 1.4180, then drop.
  • #132,787
  • Aug 19, 2009 2:24am Aug 19, 2009 2:24am
Added another short. Kick ass time again.
  • #132,788
  • Aug 19, 2009 2:24am Aug 19, 2009 2:24am
I tend to agree with Chicky....My technicals show EURUSD will retrace to 1.4236 before taking another possible dive....

The recent drop will see a small correction....its inevitable...


Quoting Chicky
Economic factors take precedence over bunch of trend lines, fibs, pivots, moving averages, etc. The real factors as we hear look bearish ( I have not confirmed these factors, just relying upon what read on this thread). However, based on few trendlines I have drawn on my chart, PA has came down a bit too early from a weaker resistance trendline, which I think has been breached to the north about five and a half hours ago. Expecting that PA may touch 1.4200/1.4180 area before taking a definite direction down. Let's see what it does. These are just...
In Charts We Trust!
  • #132,789
  • Aug 19, 2009 2:25am Aug 19, 2009 2:25am
Quoting traderathome
EU H4: PA has broken down thru major TL and then come back up to test it as a part of the aforementiond Bear Channel. Based upon FE applied to the Bollinger bands pinch area, the 100% level should at least be hit.....1.3999, so let us say the whole number 1.4000. Subsequent target levels suggested by FEs are also shown on the chart.
what is the name of the indicator on the right side of your chart? the one with green target lines?
  • #132,790
  • Aug 19, 2009 2:27am Aug 19, 2009 2:27am
Quoting Chicky
Economic factors take precedence over bunch of trend lines, fibs, pivots, moving averages, etc. The real factors as we hear look bearish ( I have not confirmed these factors, just relying upon what read on this thread). However, based on few trendlines I have drawn on my chart, PA has came down a bit too early from a weaker resistance trendline, which I think has been breached to the north about five and a half hours ago. Expecting that PA may touch 1.4200/1.4180 area before taking a definite direction down. Let's see what it does. These are just...
Please, if you refer to TLs, etc. and your chart(s), then post your chart. As far as "Economic factors take precedence over bunch of trend lines, fibs, pivots, moving averages, etc.", I have to disagree. In the final analysis, it is what the "professional traders" DO with these "factors" that matters. Because, as we see from major examples every month, PA is driven by what these traders DO, not by what the economic factors necessarily would indicate should be done.

As it stands, the highs of this session were accompanied by high relative volume, indicating sellling into the herd's buying. And this run down is also on high relative volume. If the Bear Channel lower TL is broken, then down she goes.
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  • #132,791
  • Aug 19, 2009 2:28am Aug 19, 2009 2:28am
Quoting X.Oden
Accumulation Phase begins...

Long at 1.4085
I entered Long at 1.4098, with 3 lots, taken 1 lot off at 1.4103 (just in case).
Expecting this to break 1.4150!
Good Trading. (keep it simple).
  • #132,792
  • Aug 19, 2009 2:29am Aug 19, 2009 2:29am
see my trade from 11th AUG to 19th TODAY
guru
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  • #132,793
  • Aug 19, 2009 2:32am Aug 19, 2009 2:32am
Does the upcoming ez "current account" news release have (historically) any tendency to move the price in a significant way?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #132,794
  • Aug 19, 2009 2:35am Aug 19, 2009 2:35am
back to reality
http://www.bloomberg.com/apps/news?p...d=auVL4UJfdoJU

http://www.bloomberg.com/apps/news?p...d=aL9SZ2KpO9ug

http://www.bloomberg.com/apps/news?p...d=ayr30bHgFXQE

http://www.bloomberg.com/apps/news?p...d=a8SRTXNaqUk4
those who can, do. those who cant, talk about those who can
  • #132,795
  • Aug 19, 2009 2:40am Aug 19, 2009 2:40am
btw all , is there anywhere that i can see an overview of market news from major news sites?

bloomberg reuters etc ??
  • #132,796
  • Aug 19, 2009 2:45am Aug 19, 2009 2:45am
can i buy now..?
  • #132,797
  • Aug 19, 2009 2:46am Aug 19, 2009 2:46am
Quoting gatorinla
not really.. i posted my thought but could be wrong.. i really dont think anyone knows with 80% certainty.. i pulled a preditive chart and it showed 4168 as the high...shortest term (todays move)... take that with a grain of salt... i did think earlier we had hit the high but were still getting earnings reports like HP. i enterd my short at 4141.. right or wrong i post what it tells me.. so far it says 4168 and thats only 97 pips in this move.. did another and it had 4240 as the ph using yesterdays move.. both charts put todays...
05 may be a good short entry
those who can, do. those who cant, talk about those who can
  • #132,798
  • Aug 19, 2009 2:46am Aug 19, 2009 2:46am
I think that if we can get a solid close past the 4080 to 4050 area of support then I will go short with T1 1.4 and T2 somewhere closer to 1.35
  • #132,799
  • Aug 19, 2009 2:48am Aug 19, 2009 2:48am
Quoting trading801
btw all , is there anywhere that i can see an overview of market news from major news sites?

bloomberg reuters etc ??
fxstreet.com
also check out their new charts you will see news points on the chart if that helps
  • #132,800
  • Aug 19, 2009 2:53am Aug 19, 2009 2:53am
Quoting The Fool
Does the upcoming ez "current account" news release have (historically) any tendency to move the price in a significant way?
check out the fxstreet charts and go back on their histiry, that's a quick way of checking. I peronally use this chart when I am away from my computer to trade. It plots straight line and you can draw a pitchfork manually by using fib tool first to find mid point.
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