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  • #157,301
  • Oct 30, 2009 7:45am Oct 30, 2009 7:45am
Quoting amgblack
i'm confused.
I think if it breaks the 4850 there is a good possiblity this is headed north again, seems to be bouncing right now in a 50 pip or so range, I am waiting for the 4850 break once that is broke I am thinking longs are in play again. And that is where I will look fora long entry, the daily chart still shows a nice uptrend.
  • #157,302
  • Oct 30, 2009 7:46am Oct 30, 2009 7:46am
Quoting T.E.Lawrence
watching your chart..............I am confused too....



...but one or two additional indicators should clarify things
I think its going to trend lower before coming up
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #157,303
  • Oct 30, 2009 7:46am Oct 30, 2009 7:46am
Usd strenght across the board here..
  • #157,304
  • Oct 30, 2009 7:47am Oct 30, 2009 7:47am
Same chart as previous 4h, on the 1h timeframe.

Anybody recognize a pattern forming. Intermediate trend says down, Fundamentals say down, chart pattern says up, add end of week end of month and it could be a real mess.
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr.gif Size: 16 KB
  • #157,305
  • Oct 30, 2009 7:47am Oct 30, 2009 7:47am
Quoting amgblack
i'm confused.
Here is what I am seeing
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4850.gif Size: 28 KB
  • #157,306
  • Oct 30, 2009 7:49am Oct 30, 2009 7:49am
on the daily you got a hybred retarded hs.. right neckline was started but never finished lower but we could be at top of R shoulder atm.
those who can, do. those who cant, talk about those who can
  • #157,307
  • Oct 30, 2009 7:51am Oct 30, 2009 7:51am
Quoting gatorinla
on the daily you got a hybred retarded hs.. right neckline was started but never finished lower but we could be at top of R shoulder atm.
also regular bearish macd divergence
  • #157,308
  • Oct 30, 2009 7:52am Oct 30, 2009 7:52am
Quoting NightMoves
Here is what I am seeing

Thats what I see as well, it does not seem to have the strength to move up
against the resistance at 1485ish.
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #157,309
  • Oct 30, 2009 7:52am Oct 30, 2009 7:52am
Quoting SerpentDove
Same chart as previous 4h, on the 1h timeframe.

Anybody recognize a pattern forming. Intermediate trend says down, Fundamentals say down, chart pattern says up, add end of week end of month and it could be a real mess.
ihs but... im not sold. normaly i would be... but not this day at this time..
those who can, do. those who cant, talk about those who can
  • #157,310
  • Oct 30, 2009 7:53am Oct 30, 2009 7:53am
Quoting gatorinla
heres where i see on usdx.... same conclusion.. candles say lower... trendline from march and fib says it dont know, but trendline was broken with day closings above it. nothing is a sure thing now.. but if it goes either way there is much room that should greatly affect eu..
Not always after a trendline breach PA blows away. Most of the times it turns back for a quick recheck. By the way your USDX chart looks, the quick recheck should be about over. If the PA keeps on going down, the break-out is invalidated. A good trade is long USDX now and set SL slightly lower below the TL.
  • #157,311
  • Oct 30, 2009 7:53am Oct 30, 2009 7:53am
Quoting T.E.Lawrence
small hidden bearish macd divergence on 1m - if fiber goes below 4800 I'm ready to short
short
  • #157,312
  • Oct 30, 2009 7:54am Oct 30, 2009 7:54am
Quoting SerpentDove
Same chart as previous 4h, on the 1h timeframe.

Anybody recognize a pattern forming. Intermediate trend says down, Fundamentals say down, chart pattern says up, add end of week end of month and it could be a real mess.
all depends on how you draw your head and shoulders i guess.....you drew yours diagonally ....you could see it as a horizontally and the bottom being around that 1.4770 region....beauty of tech analysis....can always use it in hindsight perfectly but in real time....quite hard
  • #157,313
  • Oct 30, 2009 7:55am Oct 30, 2009 7:55am
Quoting NightMoves
I think if it breaks the 4850 there is a good possiblity this is headed north again, seems to be bouncing right now in a 50 pip or so range, I am waiting for the 4850 break once that is broke I am thinking longs are in play again. And that is where I will look fora long entry, the daily chart still shows a nice uptrend.
I think the daily and weekly tend to show an uptrend, but if you look at the weekly, I think we are heading down in the next week or so after such long bull run.

But anything can happen
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #157,314
  • Oct 30, 2009 7:56am Oct 30, 2009 7:56am
besides that my commodity shorts are kicking ass atm also.. usdx is also moving up.. the trendline posted earlier is winning atm
those who can, do. those who cant, talk about those who can
  • #157,315
  • Oct 30, 2009 7:57am Oct 30, 2009 7:57am
EURUSD at BE again, this time opposite way
  • #157,316
  • Oct 30, 2009 7:58am Oct 30, 2009 7:58am
We've had break out of 4860 - 4820 range, then pullback - support became resistance - Now it may head south for a bit
  • #157,317
  • Oct 30, 2009 7:58am Oct 30, 2009 7:58am
Quoting matouwah
all depends on how you draw your head and shoulders i guess.....you drew yours diagonally ....you could see it as a horizontally and the bottom being around that 1.4770 region....beauty of tech analysis....can always use it in hindsight perfectly but in real time....quite hard
Yep, it forms a one to three when the right shoulder is a little higher. I haven't much faith in it, the suggestion I've made since yesterday is don't trade today.

Pending order is 2 mini-lots.
  • #157,318
  • Oct 30, 2009 7:59am Oct 30, 2009 7:59am
1.4767 is an area I have been waiting for, in order to go Long, according to Price Action as I read it.

Keep an eye on it around there, it could very well retrace!!

This is just my analysis.
Good Trading. (keep it simple).
  • #157,319
  • Oct 30, 2009 8:01am Oct 30, 2009 8:01am
Quoting TheFisherman
Not always after a trendline breach PA blows away. Most of the times it turns back for a quick recheck. By the way your USDX chart looks, the quick recheck should be about over. If the PA keeps on going down, the break-out is invalidated. A good trade is long USDX now and set SL slightly lower below the TL.
if you check the whole tl it did check it once before and yes did turn back in.. but i will give an edge to a 7 month tl over a single daily candle missing by a few pips. but only slightly.. one cancels out the other.
those who can, do. those who cant, talk about those who can
  • #157,320
  • Oct 30, 2009 8:01am Oct 30, 2009 8:01am
Now on ucad, that does look like intervention.
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