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  • #155,761
  • Oct 26, 2009 12:15pm Oct 26, 2009 12:15pm
1
Quoting pounce
Guys it is in the daily EMAs (22,33,44). Take a look, you will see the price has been away from the EMA for a bit too long (Sep2).
It has now touched the EMA22 and depending on what the GDP puts out later in the week, will either pierce through the EMA44 and put some distance to the sub 1.46s.

CHF above 1.04s
CAD has already pierced through and will probably stabilize in the 1.07s
GBP don't know.
AUD sub .88s and I want to laugh at this but as I said earlier, depends on the GDP read.
JPY 93S but who can tell with this one.
those who can, do. those who cant, talk about those who can
  • #155,762
  • Oct 26, 2009 12:16pm Oct 26, 2009 12:16pm
Quoting SerpentDove
It became more profitable for those who move the markets to drop the price instead of continue to lift it.
Yes but with such a steep slope? I think something must happened fundamentally.
  • #155,763
  • Oct 26, 2009 12:18pm Oct 26, 2009 12:18pm
Looks like it hasn't stopped yet, nice drop!!!

Too bad i'm just watching!
Traders are smartasses
  • #155,764
  • Oct 26, 2009 12:18pm Oct 26, 2009 12:18pm
Quoting fontu
Thanks , me too closed shorts from 1.5038 at 1.49 and placed 1 test long having sl 1.4860 now . There can be some bear continuation before bull if come back & below 1.4840 I will short again.
fontu
well done on your short .

140 pips for a day that's a perfect day on this pair , I would back off and watch .

defenatly there will be a bear continuation.I dont recall seeing 120 pips drop on 2 candles with an up candle on the third one . it doesn't worth any risk at all .

so for me i am satisfied for the day i'll wait for my next entry when there is a trend and an obvious sl .

giving back 40 pips is not a good decision .


but as I said that's only me , I wish you luck
I SEE YOU !!
  • #155,765
  • Oct 26, 2009 12:20pm Oct 26, 2009 12:20pm
Quoting Spsantos
Looks like it hasn't stopped yet, nice drop!!!

Too bad i'm just watching!
usdx broke resistance. down further
those who can, do. those who cant, talk about those who can
  • #155,766
  • Oct 26, 2009 12:21pm Oct 26, 2009 12:21pm
Quoting twamta
Yes but with such a steep slope? I think something must happened fundamentally.
That's HOW much more profitable it was to drop the price rather than try to continue lifting it. Whoever smashed it didn't have to work very hard after the stop losses from longs started popping like popcorn.

There were like 8 or 9 4hr tops in place before NY opened.
  • #155,767
  • Oct 26, 2009 12:22pm Oct 26, 2009 12:22pm
does anyone know whats going on? its seems like a trend reversal to me,
  • #155,768
  • Oct 26, 2009 12:23pm Oct 26, 2009 12:23pm
damn red lines keep stopping this thing.. yellow lines would be better
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those who can, do. those who cant, talk about those who can
  • #155,769
  • Oct 26, 2009 12:23pm Oct 26, 2009 12:23pm
Quoting cannarek
E/U be, TP @ 4850
exit @ 4860 with huge profit
  • #155,770
  • Oct 26, 2009 12:23pm Oct 26, 2009 12:23pm
Quoting Jm4x
SL 4919 (just one pip above the last higher in 5" TF) if it touch it I'll reverse for long
So now 4861 I take my profits (short at 5034) and going to say hello to my dentist ...
Hope I will not loose the return to 49 if we get it ...
"I will walk before they make me run" K.Richards
  • #155,771
  • Oct 26, 2009 12:24pm Oct 26, 2009 12:24pm
Bear coninues play for another term , 1.4842 level watching for possible stop or free fall ? may have to give back some pips , lots now very small though.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,772
  • Oct 26, 2009 12:24pm Oct 26, 2009 12:24pm
Quoting TheLastCoke
Not buying anyway!!
what you are doing with the charts is fantastic, noticing from every one way back. love k.i.s.s. principle. (me being the second s )
----- Dragonfly out in the sun you know what I mean, don't you know
  • #155,773
  • Oct 26, 2009 12:30pm Oct 26, 2009 12:30pm
Quoting fontu
Bear coninues play for another term , 1.4842 level watching for possible stop or free fall ? may have to give back some pips , lots now very small though.
fontu
I am thinking we are getting close to a consilidation area where the next move will determine if this trend is still alive. On the daily chart we are close to where I think a decision area is which is represented by the black horizontal line, but this only my opinion...
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  • #155,774
  • Oct 26, 2009 12:31pm Oct 26, 2009 12:31pm
50 rsi on the daily has contained this pair since April. We are nearing that mark now. All other rsi readings are bent over and screaming. We'll see what happens, but a 30-50 pip retrace would not be surprising.
  • #155,775
  • Oct 26, 2009 12:34pm Oct 26, 2009 12:34pm
the up trend is over on hourly and 4 hour and daily chart!

the only up trend which is still active is the weekly chart !



it doesn't mean it should go down !!

can go side ways , can create a new up trend or continue on the down trend .

at the moment the most risky thing is to trade in any direction !
I SEE YOU !!
  • #155,776
  • Oct 26, 2009 12:35pm Oct 26, 2009 12:35pm
Quoting M.A.C.Doug
All I know is EUR failed repeatedly to hold above 1.50. Thats a very bearish sign to me. Its a strong psych and tech level, a break should have seen the pair move higher very quickly. There were moves down to 1.4825 during the week and we all know there are plenty of bears around. Although we dont have the trendline break to confirm a turn, I do see some tell tale signs in the daily chart to suggest that the long move is exhausting.
Guys, I played short all asia selling every rally and had my best day since going live two months ago. I held on to one short position and I have just closed 90% which double my profits. You could see this comming. Ive been trading long right up until friday when I contributed this analysis. The charts do not lie!
BTC Return This Year: na
  • #155,777
  • Oct 26, 2009 12:38pm Oct 26, 2009 12:38pm
Quoting FX-Petra
50 rsi on the daily has contained this pair since April. We are nearing that mark now. All other rsi readings are bent over and screaming. We'll see what happens, but a 30-50 pip retrace would not be surprising.
Another 30 or 50 pip retracement would put the pair right around the 30 sma as well and it has been bouncing off the area pretty regular I look for trade entries in the area of the 30 and 50 SMA in a trend retracement seems like they always come right back to that area before implusing to new highs or lows.
  • #155,778
  • Oct 26, 2009 12:38pm Oct 26, 2009 12:38pm
Right now its at this midline on my daily, but i dunno if im gonna long here....its kinda scaaaary right now. That daily bar is MENACING . Next support 1.4827 might be buying spot. Im waiting till then.
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  • #155,779
  • Oct 26, 2009 12:39pm Oct 26, 2009 12:39pm
Quoting NightMoves
I am thinking we are getting close to a consilidation area where the next move will determine if this trend is still alive. On the daily chart we are close to where I think a decision area is which is represented by the black horizontal line, but this only my opinion...
Thanks , I like the chart . Just we can try pressume what PA may actually will be before any trend change .

My 1.5132 top theory perhaps discarded with this present movement & now changed to another taking 1.5060 as the tip again .Anyway trend is still up ,stay safe .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,780
  • Oct 26, 2009 12:41pm Oct 26, 2009 12:41pm
also the volume has eased up a lot in past week..i m short from 1.5, but then again i have been since thursday or wednesday, i dun remember
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