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  • #155,921
  • Oct 26, 2009 9:09pm Oct 26, 2009 9:09pm
Quoting mfoste1
i highly doubt the pair will rebound right from this level, but i drew these trendlines and horizontal S&R. Ill be looking closely at 1.4954 when and if.
yep....I'm looking more toward the Daily Pivot at 4928-ish
Doing what you like is Freedom. Liking what you do is Happiness.
  • #155,922
  • Oct 26, 2009 9:37pm Oct 26, 2009 9:37pm
Quoting realjumper
yep....I'm looking more toward the Daily Pivot at 4928-ish
totally agree 1.4929-14954 sound a little to high but defenetly selling the rallies
  • #155,923
  • Oct 26, 2009 9:46pm Oct 26, 2009 9:46pm
do you guys think we have a major trend change or there will be another moves up to 1.5xx?
Pation is the Holy Grail
  • #155,924
  • Oct 26, 2009 9:52pm Oct 26, 2009 9:52pm
Quoting CzechTrade
do you guys think we have a major trend change or there will be another moves up to 1.5xx?
The trend is still up at the moment. Quite how far it will go, if anywhere to the upside, is too early to say......have to carefully trade what you see
Doing what you like is Freedom. Liking what you do is Happiness.
  • #155,925
  • Oct 26, 2009 9:52pm Oct 26, 2009 9:52pm
Good to see that EU is becoming a big bear now. But why the drastic movement happened? Is it because of the anticipation of investors on today's upcoming news (Consumer Confidence Report for US)? From my understanding, based on previous track record, the Consumer Confidence report gives a very big impact on candle movement.Anyone care to share some ideas?

On another topic, i made a slack by buying at 1.5010 yesterday. However, based on its RSI 1hr TF and FIB it will move back up to 1.49++ (ass u ming it will continue move down). Anyone can suggest where i should close this open trade?

Thanks and apprecitate your feedback.
  • #155,926
  • Oct 26, 2009 9:56pm Oct 26, 2009 9:56pm
I'm long to 1.5144
  • #155,927
  • Oct 26, 2009 10:03pm Oct 26, 2009 10:03pm
Quoting Sirens
I'm long to 1.5144
That will be about 270 pips from here.
If you don't mind, could you kindly tell us where is your stop loss, if any?

I am long too with sl at 1.47662, there is a tp but an "emergency" one about 500 pips or so
The Thief of Wall Street
  • #155,928
  • Oct 26, 2009 10:03pm Oct 26, 2009 10:03pm
Quoting CzechTrade
do you guys think we have a major trend change or there will be another moves up to 1.5xx?
If I told you it's a retrace before the uptrend resumes, would you believe me?
Not all sins are created equal
  • #155,929
  • Oct 26, 2009 10:06pm Oct 26, 2009 10:06pm
hi,

Traders,

Any fundamental reason why dolar strong suddently with drop around 220pips frm 5GMT time until 21GMT.
I thankfull since im new trader
  • #155,930
  • Oct 26, 2009 10:10pm Oct 26, 2009 10:10pm
Quoting Chicky
That will be about 270 pips from here.
If you don't mind, could you kindly tell us where is your stop loss, if any?

I am long too with sl at 1.47662, there is a tp but an "emergency" one about 500 pips or so
Im long too @ 1.4850 SL 1.4800. Shooting for atleast 1.4950 but will continue trade based on Price action. EU charts are confusing but using UCHF correlation on this one.
Going to make it big by age 21.
  • #155,931
  • Oct 26, 2009 10:13pm Oct 26, 2009 10:13pm
Quoting Jay Walker
If I told you it's a retrace before the uptrend resumes, would you believe me?
Yes,

No,

Don't know

Maybe,

Maybe not,

Can you post a chart or do you have an EA?
The Thief of Wall Street
  • #155,932
  • Oct 26, 2009 10:14pm Oct 26, 2009 10:14pm
Quoting Chicky
That will be about 270 pips from here.
If you don't mind, could you kindly tell us where is your stop loss, if any?

I am long too with sl at 1.47662, there is a tp but an "emergency" one about 500 pips or so
Right now I have no stop loss set, but I am watching it... I see 1.4845 as a major support level... but we could possibly see a drop lower, my next level of support is around 1.4805
  • #155,933
  • Oct 26, 2009 10:14pm Oct 26, 2009 10:14pm
Quoting Jay Walker
If I told you it's a retrace before the uptrend resumes, would you believe me?
yea :-)
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 14 KB
Pation is the Holy Grail
  • #155,934
  • Oct 26, 2009 10:16pm Oct 26, 2009 10:16pm
What broker Mt4 is everyone using for access to USDX and other currencies bases?
Going to make it big by age 21.
  • #155,935
  • Oct 26, 2009 10:18pm Oct 26, 2009 10:18pm
Quoting dstryr
What broker Mt4 is everyone using for access to USDX and other currencies bases?
forex ltd
Pation is the Holy Grail
  • #155,936
  • Oct 26, 2009 10:19pm Oct 26, 2009 10:19pm
I'm a perpetual pessimist. I always see the glass as just a little bit empty,
even if it's almost full. I found a red dot I like. After a bit of short covering
from these 4850 lows, and 150 may not be entirely off the radar yet,
my little red dot is a favorite target. It's just mine, not sure others would share this view.

A successful test of that line would likely set the tone for the remainder of 2009.
A breech of same could swing the balance the other way. This is the area
(14680~14700) I'll look for prior to committing to anything other than a scalp.


Anyone else like my little red dot ?
Attached Image (click to enlarge)
Click to Enlarge Name: red dot.PNG Size: 37 KB
  • #155,937
  • Oct 26, 2009 10:23pm Oct 26, 2009 10:23pm
Quoting toshi
I'm a perpetual pessimist. I always see the glass as just a little bit empty,
Anyone else like my little red dot ?...
Japanese, for a variety of reasons.
The Thief of Wall Street
  • #155,938
  • Oct 26, 2009 10:23pm Oct 26, 2009 10:23pm
Thats the same one I'm using but no access to those charts?
Attached Image
Going to make it big by age 21.
  • #155,939
  • Oct 26, 2009 10:24pm Oct 26, 2009 10:24pm
The eur/usd has had a major correction falling over 100 pips in Monday's trading session. The price dropped quickly and the fall stopped just as quickly halting at a strong resistance level of 1.4842. This trading area was tested 3 times previously and the price did not break through.

You can see from the 4 hour charts that this trading area represents a stong support area.
This is a correction of a major trend so this could be an excellent buy opportunity. Watch the support levels and look for a bounce off of a major support level than look for a good entry point to go long. If the price breaks through the current support level of 1.4842 the next area is the 1.4767.

This correction could continue on further to the next support level, however it is also important to note that the 1.4842 level is also a Fibonacci .382 support level on the 4 hr chart as well
  • #155,940
  • Oct 26, 2009 10:27pm Oct 26, 2009 10:27pm
Quoting toshi
I'm a perpetual pessimist. I always see the glass as just a little bit empty,
even if it's almost full. I found a red dot I like. After a bit of short covering
from these 4850 lows, and 150 may not be entirely off the radar yet,
my little red dot is a favorite target. It's just mine, not sure others would share this view.

A successful test of that line would likely set the tone for the remainder of 2009.
A breech of same could swing the balance the other way. This is the area
(14680~14700) I'll look for prior to committing to anything other...
look at this.. i see eur in the blue area soon.. what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 10 KB
Pation is the Holy Grail
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