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  • #158,161
  • Nov 2, 2009 11:41pm Nov 2, 2009 11:41pm
I see about 50 -60 pips left on the AUD drop, once 90 cents gives way,
with a brief pause at 70's to flush out resting stops, down to 8955 (aprox).

If OZ prints this way, it could form a bullish pattern on the 30m/60m if 8950 can hold.

So I see pressure on the continental currencies until this get resolved.
It would be better if it moved there and tested like this over the next few hours today
instead of waiting to FOMC when anything can get blown thru.
  • #158,162
  • Nov 2, 2009 11:41pm Nov 2, 2009 11:41pm
Quoting Radik
Still forming, just needs an attention...[IMG]file:///C:/Users/Radik/AppData/Local/Temp/moz-screenshot.png[/IMG]
still what forming ? something for the direction change ? nothing apparent so far to me .seems simply a correction & waiting for more after the b wave be finished.price trapped in a wedge between sell area of 1.4842 & buy 1.4683 & 1.4757 being center of the pendulum before the break.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #158,163
  • Nov 2, 2009 11:41pm Nov 2, 2009 11:41pm
I found EURUSD hard to follow in these two days, without a clear TL to me. However, I found EURJPY still hold a good hourly support TL.
Attached Image (click to enlarge)
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I will hold my EURUSD and EURJPY short, and stop when this line break. Seems a simple trade to me.
  • #158,164
  • Nov 2, 2009 11:46pm Nov 2, 2009 11:46pm
Quoting NightMoves
I had to grab the guitar and see if I could still play the solo, and it does not come out as smooth as it once did...LOL
No matter, talent rocks. I was knocked over when I caught the sound of The Doors coming from my oldest son's room a couple of years ago. But, he's weird anyway. He'll play anything he likes..

I wonder what will be the catalyst to move this market? I'm about ready to stand aside, even though I hate to do that. But, if I don't I'll have to move my stops out. I would expect that there will be some fakes before it is commonly accepted that the price of commodities is actually going up in real terms.
Ah Luv the smell of a good prediction in the mornin!
  • #158,165
  • Nov 2, 2009 11:47pm Nov 2, 2009 11:47pm
Quoting toshi
I see about 50 -60 pips left on the AUD drop, once 90 cents gives way,
with a brief pause at 70's to flush out resting stops, down to 8955 (aprox).

If OZ prints this way, it could form a bullish pattern on the 30m/60m if 8950 can hold.

So I see pressure on the continental currencies until this get resolved.
It would be better if it moved there and tested like this over the next few hours today
instead of waiting to FOMC when anything can get blown thru.
Dont you think it will stop at 0.8990 and than rise?
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  • #158,166
  • Nov 3, 2009 12:04am Nov 3, 2009 12:04am
4810/11 ? will it hold.......current 4807
those who can, do. those who cant, talk about those who can
  • #158,167
  • Nov 3, 2009 12:07am Nov 3, 2009 12:07am
Quoting nazik
Dont you think it will stop at 0.8990 and than rise?

Nope. Me thinks it will try to form a harmonic pattern so buyers will jump onboard.
I think a Gartley would do the trick and invite the volume needed to push higher.

Resting stops are at the obvious places: just under 9000, 8990, 8970 and 8950.
Would expect those to get flushed. But first, 90 has to break to set up the selling routine
and on the first approach to 9006, we've bounced a quarter cent and could see
much of this rate announcement decline get retraced before any drop.
Could see multiple bounces at/around 9000 like 8990, 9010, 8988, 9011
all the different favorites, everybody's got one. It's normal to see that.

But eventually, I think the mkt needs to get rid of some of these longs
before it can go higher. Just under 90 wouldn't spook nearly enough.

FOMC could clean all the clocks on Wednesday.

Until then, I'm just looking for a little bounce off of support, backed up by a couple other things.

This triangle is just getting in the way right now.



Weekly pivot is at 9071 Daily (NY) is at 9022. SO, somewhere in between
they'll decide when it's had enough and go from there.
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  • #158,168
  • Nov 3, 2009 12:10am Nov 3, 2009 12:10am
Expecting 1.4830 before either next bull failure or or up to 1.4842 again & up to 1.49. I like the failure at 30.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #158,169
  • Nov 3, 2009 12:13am Nov 3, 2009 12:13am
There's a channel in here somewhere......
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurochannel2.gif Size: 30 KB
  • #158,170
  • Nov 3, 2009 12:20am Nov 3, 2009 12:20am
Quoting gatorinla
4810/11 ? will it hold.......current 4807
with nothing to push pair till euro session 4811 may cap it or even 4818/22 ish. if so 4777 or 4743 (daily pp 4768) would be on the radar.
those who can, do. those who cant, talk about those who can
  • #158,171
  • Nov 3, 2009 12:24am Nov 3, 2009 12:24am
I call this piece, "Something happened here, can you guess what ?"


If one ponders this PA for a moment in native format, without trying to over-analyze it,
it may become clear what took place and serve as a reminder for next time around.

I think we've got another leg down. 148 to 145.... give or take 50 pips....

EDIT: On second thought, It could play out 149 to 146. I've got indications toward that senario as well.
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  • #158,172
  • Nov 3, 2009 12:35am Nov 3, 2009 12:35am
Quoting toshi
I call this piece, "Something happened here, can you guess what ?"


If one ponders this PA for a moment in native format, without trying to over-analyze it,
it may become clear what took place and serve as a reminder for next time around.

I think we've got another leg down. 148 to 145.... give or take 50 pips....

EDIT: On second thought, It could play out 149 to 146. I've got indications toward that senario as well.
yes i remember
Inserted Video
those who can, do. those who cant, talk about those who can
  • #158,173
  • Nov 3, 2009 12:38am Nov 3, 2009 12:38am
Quoting gatorinla
yes i remember
http://www.youtube.com/watch?v=GNEcQS4tXgQ
do you feel happy and gay now..
those who can, do. those who cant, talk about those who can
  • #158,174
  • Nov 3, 2009 12:43am Nov 3, 2009 12:43am
Yep. There are a few of them. What catches my attention is that the cross cuts appear to be getting steeper. Other than that, the main channel still looks good??

Attached File(s)
File Type: doc E-U 09.doc   114 KB | 388 downloads




Ahh well. technical incompetence strikes again..
Anyway, what I did was to chart the last 6 cross strike channels in the main trend. It does make an interesting picture. Even if I can't get it to paste in here.
Ah Luv the smell of a good prediction in the mornin!
  • #158,175
  • Nov 3, 2009 12:44am Nov 3, 2009 12:44am
Quoting gatorinla
do you feel happy and gay now..
That depends on who's buyin' the drinks.
  • #158,176
  • Nov 3, 2009 12:47am Nov 3, 2009 12:47am
Good morning.

Today's chart EURUSD H1. The red short lines are the opening of the day. Today price range is contained within yesterday price range. On the up side there are three resistance lines between 1.4844 and 1.4858. A break above these lines may push the price to the next line, 1.4927.
Currently we had a break of the small triangle that was stopped at the 50% static fib level - the green line.
Attached Image (click to enlarge)
Click to Enlarge Name: Forex 2009-11-03 08.39.jpg Size: 190 KB
If you're not part of the solution then you're part of the problem.
  • #158,177
  • Nov 3, 2009 12:53am Nov 3, 2009 12:53am
Major; Which government do you work for??
Ah Luv the smell of a good prediction in the mornin!
  • #158,178
  • Nov 3, 2009 12:57am Nov 3, 2009 12:57am
Quoting Artcritique
Yep. There are a few of them. What catches my attention is that the cross cuts appear to be getting steeper.
Other than that, the main channel still looks good??

Attachment

Ahh well. technical incompetence strikes again..
Anyway, what I did was to chart the last 6 cross strike channels in the main trend.
It does make an interesting picture. Even if I can't get it to paste in here.
Here you go.... It appears you're right. This thing can only lean over so far before it spills it's soup.

An ending diagonal, I think some call it ??
Attached Image (click to enlarge)
Click to Enlarge Name: artc.PNG Size: 88 KB
  • #158,179
  • Nov 3, 2009 1:01am Nov 3, 2009 1:01am
Next attack on AUD 90 cents underway. Should drag other currencies.
  • #158,180
  • Nov 3, 2009 1:03am Nov 3, 2009 1:03am
It is a bit messy, but you get the idea. The MT4 platform is easy to work with, but I was in a hurry and ended up overwriting some stuff.

Actually, the very neatness of the channel has bothered me for some time. I've never seen anything quite like it??
Ah Luv the smell of a good prediction in the mornin!
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