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  • #148,901
  • Oct 2, 2009 12:54pm Oct 2, 2009 12:54pm
Always Trust the Technicals not the Talking Heads

Talking Heads bad Technicals At least are Honest!

Great week !! However it could have been better If I would have trusted my Technicals
oh well My mother always told me not to watch too much TV
  • #148,902
  • Oct 2, 2009 12:59pm Oct 2, 2009 12:59pm
FXstreet.com (Córdoba) – The Euro is moving away from intra-day high. EUR/USD jumped to 1.4648 after the opening bell at Wall Street, posting the highest price of Friday. Greenback then recovery and the pair started to fall. Currently the pair is being traded below 1.4600 at 1.4584/87, or 0.32% above today’s opening price.

The Dow Jones is at the same levels it had at yesterday’s close. The stock index was falling more than 50 points after the opening bell but recovered and actually turned positive for a moment. Markets in Europe closed with declines of more than 1% on average.
  • #148,903
  • Oct 2, 2009 1:00pm Oct 2, 2009 1:00pm
Quoting chuckpittman
Always Trust the Technicals not the Talking Heads

Talking Heads bad Technicals At least are Honest!

Great week !! However it could have been better If I would have trusted my Technicals
oh well My mother always told me not to watch too much TV
haha good lesson trust ur mom
  • #148,904
  • Oct 2, 2009 1:21pm Oct 2, 2009 1:21pm
Quoting pnd
kojeg brokerja imaš?
Atlas - broker iz Beograda

http://www.atlas-broker.net/

Pozdrav!
  • #148,905
  • Oct 2, 2009 1:40pm Oct 2, 2009 1:40pm
Quoting Mihailo
Atlas - broker iz Beograda

http://www.atlas-broker.net/

Pozdrav!
thank you and have a nice weekend
  • #148,906
  • Oct 2, 2009 1:57pm Oct 2, 2009 1:57pm
Oh i just noticed that this pair is one the way down.
If i look the 1H chart what i have attached i can read the the inverted hammer might revile us that we are on the way down still... even the US got bad news about the economy it has proven that USD is still strong and capable of going down and the bears have also tasted the feeling that they might succeed with it.

I am not and expert with all of this but we have been on down trend now for 10 day's already i believe that does mean something and its showing that bears are in control now even after such news....

These are just my ideas of where are we now and where we might go. If i am wrong i would love to hear it

Guy's have a good weekend and take it easy at least i will try not sure how it goes
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  • #148,907
  • Oct 2, 2009 2:57pm Oct 2, 2009 2:57pm
I foresee the market tanking soon....I hope no one is counting on a bull run in the near future...
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In Charts We Trust!
  • #148,908
  • Oct 2, 2009 3:04pm Oct 2, 2009 3:04pm
You are correct...


Quoting viljam
Oh i just noticed that this pair is one the way down.
If i look the 1H chart what i have attached i can read the the inverted hammer might revile us that we are on the way down still... even the US got bad news about the economy it has proven that USD is still strong and capable of going down and the bears have also tasted the feeling that they might succeed with it.

I am not and expert with all of this but we have been on down trend now for 10 day's already i believe that does mean something and its showing that bears are in control now even...
In Charts We Trust!
  • #148,909
  • Oct 2, 2009 4:40pm Oct 2, 2009 4:40pm
Quoting trading801
jay left without telling me why is he so pissed !!!
Because of the headache.
Not all sins are created equal
  • #148,910
  • Oct 2, 2009 4:52pm Oct 2, 2009 4:52pm
I would have thought that at times like these the market becomes even more news sensetive. Psychologically October rings a bad bell amongst all who are even vaguely connected to the share market and hence slightest indication of bad news sends people in a selling spree. If this is true then the next thing is the risk aversion factor that comes in and the big boys parking their money in safe haven of the USD. My theory would be that taken this into account and if the US market does not improve then AU$, NZ$ and the Euro would be a good target for quick shorts for maximum PIPS. To test this theory I went long on JPY/USD at 88.7 and within a short time the pair was at 89.7. Ant thought? Please share and comment....Thanks...
Find a job that you love and you dont have to work again in your life.
  • #148,911
  • Oct 2, 2009 5:31pm Oct 2, 2009 5:31pm
Good morning y'all. I know most of you had a good week.

Nonetheless, this is my take for the next week. Charts are here.
Feel free to comment as I'd like to learn more and get better. Cheers!

Expected for this week:

 

  1. Perhaps, risk aversion is what we will be expecting for the week as the fundamentals received for the Non-farm and Factory orders did not bode well for the US Economy.
  2. Technical wise, we are also seeing a downtrend for this pair from the top down approach.
  3. We expect 1.4624 to be a huge resistance for this week and if so, 1.4660 will be the next level and it is highly not possible that 1.47 will be revisited.
  4. We will most likely see the 1.4425 area for the week with 1.4359 acting as a huge support for the push down to 1.4298.




Resistance: 1.4720, 1.4660, 1.4624, 1.4598, 1.4564
Support: 1.4548, 1.4511, 1.4504, 1.4468, 1.4425, 1.4408, 1.4359, 1.4298

  • #148,912
  • Oct 2, 2009 5:55pm Oct 2, 2009 5:55pm
by the way sold all stock last monday (before downturn) mainly because of my Forex technicals tell me there is going to be a couple months of a strengthing dollar. This is the second dip in the so called double dip.
So when it comes to Euro/dollar you better believe go long USD that is where the momentum is headed at least till the end of the year.

Just making an educated prediction
  • #148,913
  • Oct 2, 2009 8:10pm Oct 2, 2009 8:10pm
I like your style of thinking ma man!



Quoting chuckpittman
by the way sold all stock last monday (before downturn) mainly because of my Forex technicals tell me there is going to be a couple months of a strengthing dollar. This is the second dip in the so called double dip.
So when it comes to Euro/dollar you better believe go long USD that is where the momentum is headed at least till the end of the year.

Just making an educated prediction
In Charts We Trust!
  • #148,914
  • Oct 3, 2009 12:00am Oct 3, 2009 12:00am
Quoting Alihuzaifa
I dont have any NFE in my calender what is that?
"Non-farm Electricity"
Discipline + Patience - Fear - Greed = Success
  • #148,915
  • Oct 3, 2009 12:15am Oct 3, 2009 12:15am
Quoting arezab
"Non-farm Electricity"
Good morning
  • #148,916
  • Oct 3, 2009 12:23am Oct 3, 2009 12:23am
My view ...
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Discipline + Patience - Fear - Greed = Success
  • #148,917
  • Oct 3, 2009 12:26am Oct 3, 2009 12:26am
Quoting viljam
Good morning
GM mate .. how is your non-trading day going?
Discipline + Patience - Fear - Greed = Success
  • #148,918
  • Oct 3, 2009 12:27am Oct 3, 2009 12:27am
Sunday available for next week

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  • #148,919
  • Oct 3, 2009 12:44am Oct 3, 2009 12:44am
Quoting arezab
GM mate .. how is your non-trading day going?
Oh heading out soon for a coffee otherwise i am doing just good, sun is shining and perfect autumn here in tallinn today

How are you doing there ?
  • #148,920
  • Oct 3, 2009 12:44am Oct 3, 2009 12:44am
Quoting X.Oden
I foresee the market tanking soon....I hope no one is counting on a bull run in the near future...
May but all I count are still bull set up will come again & again even next down can be 1.4337/4250 or low and this session hope not go beyound 1.4444 but nobody can know & if any way then previous levels are possible stop.We are in one 4th wave consolidation as per my count & any complexities can happen here.

Or simply range/sideways between 1.4920-1.4444 /next 4250 before next big bull .

Just my hypothesis, let it do whatever wants & we will see.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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