EURUSD | Page 7663 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #153,241
  • Oct 16, 2009 9:26am Oct 16, 2009 9:26am
For a couple weeks the waves have been very confusing, Near this ten year trend line it has floated up with out really any retracing, it makes for a very confusing count, angles are off and timing is out, basically I am reallying much less on counts and more on contention lines and break-breathes of such and lagging indicators like MACD and RSI, funnily enough Fib projections are still working when the count is haywire. If someone has made a count I would like to see it also... but no bullshit cheating x y z patterns! As for the swings I find them equally challenging... which is usually the case when the large count goes out imo.

Quoting ledobedo
but i wish it was monday not friday...last news did absolutely nothing in terms of price movement, have a feeling sentiment news will not brake this stubborn bull...but i wud love to be wrong bag some more pips
anyone here fan of elliot wave theory? wud love some opinions whether this swing is over or not
  • #153,242
  • Oct 16, 2009 9:36am Oct 16, 2009 9:36am
Quoting FX-Petra
In my experience, one of the most reliable chart pattern is a ' W '. W means down! This is a very high probability set up. The 15 min chart will make a very nice W if price gets back above 4950. I will be shorting that area with stops above 1.50-- 1st tp @ 4860, 2tp well below that (to be determined).

Regards
exactly.. i have the same plan..
Pation is the Holy Grail
  • #153,243
  • Oct 16, 2009 9:38am Oct 16, 2009 9:38am
Quoting Hissst
For a couple weeks the waves have been very confusing, Near this ten year trend line it has floated up with out really any retracing, it makes for a very confusing count, angles are off and timing is out, basically I am reallying much less on counts and more on contention lines and break-breathes of such and lagging indicators like MACD and RSI, funnily enough Fib projections are still working when the count is haywire. If someone has made a count I would like to see it also... but no bullshit cheating x y z patterns! As for the swings I find them...
for me all the elliot is a little confusing
only really started studiyng it few days ago..still have about 40 pages left but i m getting my head around it slowly...its a must for me since i tend to look for trades that go against the trend rather than with it
  • #153,244
  • Oct 16, 2009 9:42am Oct 16, 2009 9:42am
Moves will happen around 12, 12:30
  • #153,245
  • Oct 16, 2009 9:43am Oct 16, 2009 9:43am
geez this pair is like literally the last to move.
  • #153,246
  • Oct 16, 2009 9:44am Oct 16, 2009 9:44am
anybody still holding longs with tp above 4950?
Pation is the Holy Grail
  • #153,247
  • Oct 16, 2009 9:44am Oct 16, 2009 9:44am
It is a must for calling tops and bottoms and riding big portions of market if you ask me, but just know that it can get so confusing that it becomes useless, but when it's on you'll feel like you know the future -and you will!

Quoting ledobedo
for me all the elliot is a little confusing
only really started studiyng it few days ago..still have about 40 pages left but i m getting my head around it slowly...its a must for me since i tend to look for trades that go against the trend rather than with it
  • #153,248
  • Oct 16, 2009 9:46am Oct 16, 2009 9:46am
Quoting vinesh2
Moves will happen around 12, 12:30
Where did you took such time ? Which directions you think its going i belive we go still up a bit before starting to head down 1.47-1.46
  • #153,249
  • Oct 16, 2009 9:47am Oct 16, 2009 9:47am
Quoting CzechTrade
anybody still holding longs with tp above 4950?
For long term, absolutely. But I've been holding them for months. Only way I'll be unloading them is if I see a full blown reversal point.
  • #153,250
  • Oct 16, 2009 9:49am Oct 16, 2009 9:49am
Quoting CzechTrade
anybody still holding longs with tp above 4950?
Still in this for the mid-term. Waiting for equities and gold to rally and consequently dollar to weaken again. I'll hold thru next week to see if it develops.
  • #153,251
  • Oct 16, 2009 9:51am Oct 16, 2009 9:51am
as much as unlikely it seems, a close of the week without touching 1.5 will be major anti climax
  • #153,252
  • Oct 16, 2009 9:52am Oct 16, 2009 9:52am
Quoting ziko123
looks like i was wrong and no 1.5 this week, may be next week
EU will turn lower next week, 1.5 isn't achievable.
  • #153,253
  • Oct 16, 2009 9:54am Oct 16, 2009 9:54am
Quoting trading801
as much as unlikely it seems, a close of the week without touching 1.5 will be major anti climax
True...but it's a Friday...anything can happen. But, I think we'll be seeing it eventually....we'll see.
  • #153,254
  • Oct 16, 2009 9:55am Oct 16, 2009 9:55am
Quoting FX-Petra
In my experience, one of the most reliable chart pattern is a ' W '. W means down! This is a very high probability set up. The 15 min chart will make a very nice W if price gets back above 4950. I will be shorting that area with stops above 1.50-- 1st tp @ 4860, 2tp well below that (to be determined).

Regards

I agree, once the W has completed forming (hopefully by reaching yesterdays high @ 4967) we can execute on our short order plans.
  • #153,255
  • Oct 16, 2009 9:56am Oct 16, 2009 9:56am
Quoting The Oracle
EU will turn lower next week, 1.5 isn't achievable.
I'm curious. What makes you think 1.5 is not achievable?
  • #153,256
  • Oct 16, 2009 9:59am Oct 16, 2009 9:59am
Hmmm...EU/JPY is falling and broke 1 hr Trend line....but EU seems to be going back up....

Gator???
  • #153,257
  • Oct 16, 2009 10:00am Oct 16, 2009 10:00am
Quoting IMARICH1
Hmmm...EU/JPY is falling and broke 1 hr Trend line....but EU seems to be going back up....

Gator???
Yeah...but look at what USDJPY is doing....
  • #153,258
  • Oct 16, 2009 10:00am Oct 16, 2009 10:00am
yeah why not
  • #153,259
  • Oct 16, 2009 10:02am Oct 16, 2009 10:02am
You are right....missed that...what in the world does this mean? I am not that well versed in other currencies and mainly use the CHF for correlation along with equity market....

I don;t understand this move on USD/JPY and EU/JPY with EU/USD
  • #153,260
  • Oct 16, 2009 10:14am Oct 16, 2009 10:14am
wow that was a crazy move
Pation is the Holy Grail
380 traders viewing now, 1 is registered:
Jewel1996