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EURUSD

  • #144,281
  • Sep 18, 2009 5:44am Sep 18, 2009 5:44am
Wanna bet this thing hangs here till a few minutes past 9?
  • #144,282
  • Sep 18, 2009 5:50am Sep 18, 2009 5:50am
all this pressure and backfilling on 470 to 4701 is going to explode up in a moment
----- Dragonfly out in the sun you know what I mean, don't you know
  • #144,283
  • Sep 18, 2009 5:51am Sep 18, 2009 5:51am
Quoting Pipster888
1 min 5 min 10 min 15 min and 30 min candles closed north at 8.30
Looking at it, you need a 15 min bar not closing below1.4699, and thereafter another 15 min bar (or the same one) closing above 1.4717 to take price further up. I.M.H.O.
Good Trading. (keep it simple).
  • #144,284
  • Sep 18, 2009 5:52am Sep 18, 2009 5:52am
Quoting sophiaphia
all this pressure and backfilling on 470 to 4701 is going to explode up in a moment
at these moment, there r still dudes going for buy..
  • #144,285
  • Sep 18, 2009 5:54am Sep 18, 2009 5:54am
Dealer chatter of quasi-official name seen smoothing Euro price action above 1.4720 level


What does smoothing mean?
Some drink at the fountain of knowledge. Others just gargle !
  • #144,286
  • Sep 18, 2009 5:54am Sep 18, 2009 5:54am
Quoting fxrs
at these moment, there r still dudes going for buy..
anythings possible !
  • #144,287
  • Sep 18, 2009 5:55am Sep 18, 2009 5:55am
I'm ready for the ride down...

Daily looks like its moving to around 1.4400. This will make a nice pin on the weekly after hitting huge resistance. Couple all this with the good USD news and I think we are in for a ride.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 091809eu(daily).gif Size: 16 KB
Click to Enlarge Name: 091809eu(weekly).gif Size: 17 KB
Que
  • #144,288
  • Sep 18, 2009 5:55am Sep 18, 2009 5:55am
Quoting plan-b
Dealer chatter of quasi-official name seen smoothing Euro price action above 1.4720 level


What does smoothing mean?
make it unwary of ppl notice, slowly climbin up d price?
  • #144,289
  • Sep 18, 2009 5:56am Sep 18, 2009 5:56am
The next hr candle should determine if the bear have their way soon or the bull have a another run up.

Gd Luck to all.
  • #144,290
  • Sep 18, 2009 5:57am Sep 18, 2009 5:57am
Quoting perrier
The next hr candle should determine if the bear have their way soon or the bull have a another run up.

Gd Luck to all.
Correct lol thats why I said a little after 9
Good luck all 1 min till showtime starts
  • #144,291
  • Sep 18, 2009 5:57am Sep 18, 2009 5:57am
Quoting Que
I'm ready for the ride down...

Daily looks like its moving to around 1.4400. This will make a nice pin on the weekly after hitting huge resistance. Couple all this with the good USD news and I think we are in for a ride.
wat's ur confidence level on tis?
  • #144,292
  • Sep 18, 2009 5:58am Sep 18, 2009 5:58am
its starting to look more and more like hostile conditions
the bulls and bears are gonna go head to head
and leave casualties on either side
not getting killed is my trading plan today
  • #144,293
  • Sep 18, 2009 6:02am Sep 18, 2009 6:02am
There's no way for 1,48 today.
  • #144,294
  • Sep 18, 2009 6:02am Sep 18, 2009 6:02am
wow 3 doji on the hour chart getting smaller and smaller
  • #144,295
  • Sep 18, 2009 6:03am Sep 18, 2009 6:03am
1.4720 is just a key level. As long as it doesn't close (on a daily base) above this level there is still (plenty of) room to the downside.
  • #144,296
  • Sep 18, 2009 6:06am Sep 18, 2009 6:06am
Quoting Xaron
1.4720 is just a key level. As long as it doesn't close (on a daily base) above this level there is still (plenty of) room to the downside.
now you see why I put my SL where i did
  • #144,297
  • Sep 18, 2009 6:07am Sep 18, 2009 6:07am
Quoting govno
There's no way for 1,48 today.
give me a red candle, so i can go hav a nice cup of coffee over a show later.
  • #144,298
  • Sep 18, 2009 6:07am Sep 18, 2009 6:07am
S and P 500 has a doji if that means anything to you-just showed chart on Bloomberg TV
  • #144,299
  • Sep 18, 2009 6:10am Sep 18, 2009 6:10am
Medium confidence.

My decision is based on a few factors.

1. I have a PPZ (Price Pivot Zone) right at we are now. This is a term I picked up about a year ago when I was part of J16 group. Not sure if it's still used. Basically manualy placed resistance zones based on pase resistance areas. Look at the weekly and you can easily see why I have a zone where we are.

2. USD is oversold. With the Dow approaching 10,000 more money is being converted to USD to participate. Right or wrong about recession being over; mob mentality rules. The "mob" is on a buying streak right now, and the USD is lagging in this frenzy. I think the correction is very near.

3. We are 400+ pips extended off of the EMA 62. Historically on the EURUSD this is the time we at least start to come back for a touch. Obviously during the major crash this extended to around 800 pips, but were are not in a crash environment anymore.

4. I am utilizing good MM in case I am wrong. 1% trade with a 60 pip stop.

Que


Quoting fxrs
wat's ur confidence level on tis?
Que
  • #144,300
  • Sep 18, 2009 6:10am Sep 18, 2009 6:10am
Quoting pipul8r
its starting to look more and more like hostile conditions
the bulls and bears are gonna go head to head
and leave casualties on either side
not getting killed is my trading plan today

Enter small, the big boys are switching on their super fast computers now.

They will play for 3 to 4 hours before breaking for their weekend cocaine
Some drink at the fountain of knowledge. Others just gargle !
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