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  • #144,061
  • Sep 17, 2009 10:54pm Sep 17, 2009 10:54pm
Short term, it looks like a run downward is probable, given that price is now consolidating in the low 4700s. Also, the upward trend failed yesterday at 4766, again at 4758, and again at 4753. That said, we're definately in a "squeeze" with price action currently being limited to less than a 20 pip range. However, the downward run will have to close below 4700, and then below 4685 to suggest sustainability.

This is all short term, though. I don't think anyone here really believes that the long term trend is not bullish.

Personally, I went short with the breakout early in the Asian session with two positions, closed one at 4700, and now I have a "free trade" to see if the short is viable.
  • #144,062
  • Sep 17, 2009 10:57pm Sep 17, 2009 10:57pm
Quoting ThePipsMaker
Any reason for 1.48 or is it because its a round number. I can see your rationale with R3 at 1.4806. However, R2 (1.4777) have not been touched yet.

R1 was tried and have failed so far so we still have some hurdles to cross before 1.48. Not impossible but I'll see how 1.4698 plays out first.

EURUSD appears to putting the finishing touches on an ending diagonal pattern that points to a possible reversal in and around the 1.4800 level.
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  • #144,063
  • Sep 17, 2009 11:02pm Sep 17, 2009 11:02pm
Hello,

I dont see any SHS pattern guys ! Maybe a triple bottom. Trend is up but the MA's are closest now (consolidation). Waiting for the direction of the move and will see. I think it may be up but we have to wait for the opening of London session for a direction of the move. On fondamental basis, we can reach 1.48 and more because of good datas in the US. We'll see
  • #144,064
  • Sep 17, 2009 11:07pm Sep 17, 2009 11:07pm
high of that candle in DEC was at 18.
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  • #144,065
  • Sep 17, 2009 11:11pm Sep 17, 2009 11:11pm
I quote the post on the other E/U thread to confirm the down direction

From what I have observed, E/U positively correlate with GOLD price.
And I don't care what E/U pattern or trend now is, but based on Wolf Wave theory, Gold price will likely drop, so does E/U !!
http://img197.imageshack.us/img197/5...wnwithgold.png
  • #144,066
  • Sep 17, 2009 11:13pm Sep 17, 2009 11:13pm
4Hour TL's
I see down as of now.TL break on the lower and where it goes who knows-but i see the ending to a triangle here soon.I already shorted and hoping for best.If it goes up maybe 800 likely but that angle runs out of space real quick!
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  • #144,067
  • Sep 17, 2009 11:23pm Sep 17, 2009 11:23pm
Got Quiet here.Everyone redrawing their charts? heh
  • #144,068
  • Sep 17, 2009 11:27pm Sep 17, 2009 11:27pm
Quoting Fly2
Got Quiet here.Everyone redrawing their charts? heh
If thinking that puts you in your happy place, then yeah sure. I'm redrawing my chart.


I'll also go short and broke just to make everybody happy.

Not all sins are created equal
  • #144,069
  • Sep 17, 2009 11:30pm Sep 17, 2009 11:30pm
More or less just waiting for the market to commit to one direction or the other....LOL
  • #144,070
  • Sep 17, 2009 11:35pm Sep 17, 2009 11:35pm
Quoting PriceVolume
More or less just waiting for the market to commit to one direction or the other....LOL
Flat is a direction.
Not all sins are created equal
  • #144,071
  • Sep 17, 2009 11:41pm Sep 17, 2009 11:41pm
....only if you're a scalper. If not, you're looking for a tradable trend - hence direction. But...it's all about perspective.
  • #144,072
  • Sep 17, 2009 11:43pm Sep 17, 2009 11:43pm
Quoting Pipster888
EURUSD appears to putting the finishing touches on an ending diagonal pattern that points to a possible reversal in and around the 1.4800 level.
Is that EW? Looks interesting but I haven't a clue on how the waves are counted
  • #144,073
  • Sep 17, 2009 11:46pm Sep 17, 2009 11:46pm
Quoting PriceVolume
....only if you're a scalper. If not, you're looking for a tradable trend - hence direction. But...it's all about perspective.
So if you're not going uphill or downhill in a car and you're on a flat straight stretch of road, you're not driving?

Go back and read my past couple thousand posts.

Then come back and see if you want to call me a scalper.
Not all sins are created equal
  • #144,074
  • Sep 17, 2009 11:51pm Sep 17, 2009 11:51pm
I'll be long if trigger hit..
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  • #144,075
  • Sep 17, 2009 11:52pm Sep 17, 2009 11:52pm
Quoting Jay Walker
If thinking that puts you in your happy place, then yeah sure. I'm redrawing my chart.


I'll also go short and broke just to make everybody happy.

ok then . I really was looking at 38 to short.But sometimes other charts might give someone something to look at or consider.I couldn't have done that chart on Oanda.I'm not saying go short is the right or wrong way!I went short though.
Good luck everyone and may the pips be with you!I'm headed to sleep.I'm on set it and forget mode.
  • #144,076
  • Sep 17, 2009 11:55pm Sep 17, 2009 11:55pm
i've read from darkstar's post about forex,

and IMO if no scalper, no mid level price..

goes like 1.4400 to 1.4450 then 1.4500 then so on..

cuz all pro players don give damm bout 10 pips, they just get 100 or loose 100..
  • #144,077
  • Sep 17, 2009 11:57pm Sep 17, 2009 11:57pm




Quoting Jay Walker
Head and Shoulders...

Never forget what comes after Head and Shoulders.

It's the new shampoo.

http://i25.tinypic.com/15z1mwx.jpg
Some drink at the fountain of knowledge. Others just gargle !
  • #144,078
  • Sep 18, 2009 12:00am Sep 18, 2009 12:00am
Quoting X.Oden
What's Koala?
Hi... The Koala System is a trading guide that i use and put effort to tweak always..

you can read more here

http://www.forexfactory.com/showthread.php?t=168995
  • #144,079
  • Sep 18, 2009 12:00am Sep 18, 2009 12:00am
Quoting trading801
Hi... The Koala System is a trading guide that i use and put effort to tweak always..

you can read more here

http://www.forexfactory.com/showthread.php?t=168995
Don't forget that it's also a chewy meat that needs to be roasted. Preferably over a eucalyptus fire.
Not all sins are created equal
  • #144,080
  • Sep 18, 2009 12:03am Sep 18, 2009 12:03am
no news on the calendar today?
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