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EURUSD

  • #158,581
  • Nov 3, 2009 11:01pm Nov 3, 2009 11:01pm
Quoting Chicky
Let me help solve this puzzle.

1. There is an up trend - green

2. There is down trend - red

3. Many prefer going with the trend

4. When small trend follows the big trend safe to go long - blue

5' I have no brain therefore short until see it going up
Are you going against of whatever your chart is telling you? Isn't it always better to play the "safer" side?
Please excuse me but this sounds contrary to the expected, coming from you.
  • #158,582
  • Nov 3, 2009 11:10pm Nov 3, 2009 11:10pm
If this one is right....
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  • #158,583
  • Nov 3, 2009 11:33pm Nov 3, 2009 11:33pm
Who chained the Junkyard Dog to .4735?

Somebody needs to feed him a weenie.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #158,584
  • Nov 3, 2009 11:37pm Nov 3, 2009 11:37pm
With Gold pumping up, I expect to see Euro to follow........
  • #158,585
  • Nov 3, 2009 11:38pm Nov 3, 2009 11:38pm
An exciting day we had yesterday.

Since last week began, more than 400 pips (437 by my count) during this pullback.

Plenty of movement. Me likey.

For now, although we're pointing down, market may need to catch it's breath for a few hours,
hence the relative calm and quiet we see prior to the FOMC tomorrow in the US session.

We're in the middle of a channel. Mind you, it's just one channel of countless that could be drawn
to depict market behavior/bias/PA, etc. but the one I post here has been working for me so I share it.

The two red "X"'s are extremes of this boundary, at which I'd trade, even prior to FOMC.
Right now we're more or less in the middle (the little blue markup) so, I don't want to trade that.

Patience...it's a bitch...I mean...it's a virtue !
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  • #158,586
  • Nov 3, 2009 11:46pm Nov 3, 2009 11:46pm
just click sell on EU..4450 is on the way..sell all rallies...
Trend never lies
  • #158,587
  • Nov 4, 2009 12:18am Nov 4, 2009 12:18am
Looks like a Snoopy to me
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  • #158,588
  • Nov 4, 2009 12:54am Nov 4, 2009 12:54am
ok. first trade today is in the game...
  • #158,589
  • Nov 4, 2009 12:58am Nov 4, 2009 12:58am
my area for long, now waiting
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  • #158,590
  • Nov 4, 2009 12:59am Nov 4, 2009 12:59am
Quoting cannarek
ok. first trade today is in the game...
Good morning. And that would be...?
If you're not part of the solution then you're part of the problem.
  • #158,591
  • Edited 1:26am Nov 4, 2009 1:07am | Edited 1:26am
all people is going to sell eu???
good luck then....i am stiill waiting for good spot...
still holding long position last night...long@30...
  • #158,592
  • Nov 4, 2009 1:15am Nov 4, 2009 1:15am
Looking for a break below .4709 to go short
  • #158,593
  • Nov 4, 2009 1:21am Nov 4, 2009 1:21am
Quoting grashid
just click sell on EU..4450 is on the way..sell all rallies...
Trend never lies
Thanks anyway , I hit stop loss!
Holding my candle high up, my mentor lit it up once!!
  • #158,594
  • Nov 4, 2009 1:23am Nov 4, 2009 1:23am
Quoting cannarek
my area for long, now waiting
long in the game. details on my blog as always
  • #158,595
  • Nov 4, 2009 1:32am Nov 4, 2009 1:32am
Looking for short entry soon .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #158,596
  • Nov 4, 2009 1:34am Nov 4, 2009 1:34am
how about this...any comment??
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  • #158,597
  • Nov 4, 2009 1:41am Nov 4, 2009 1:41am
Quoting cannarek
long in the game. details on my blog as always
Still unclear as to why you went long here. Your blog seems to be unclear also other than the daily (almost) pinbar off of the march trendline.
  • #158,598
  • Nov 4, 2009 1:41am Nov 4, 2009 1:41am
Did anyone get good results in august here?
cause that's my worst month... wondering if I should skip it next year...
  • #158,599
  • Nov 4, 2009 1:49am Nov 4, 2009 1:49am
Quoting fontu
Looking for short entry soon .
fontu
I look at your chart and trend lines an wonder why you are discounting the offset drop? If the high point is included as the endpoint of the channel, you just missed your short entry???
Ah Luv the smell of a good prediction in the mornin!
  • #158,600
  • Nov 4, 2009 1:52am Nov 4, 2009 1:52am
Quoting M.A.C.Doug
The drop targeted the weekly trendline and bounced forming a doji so far. There just happened to be a fib level intersecting the trendline for good confluence for trading long at that level.
The daily chart shows a hammer as the move down retraced 61% with oscilator divergence.
I have a bullish bias based on these technicals and anticipate a move higher, possible ignited by +ive payroll numbers this friday
Your weekly chart is illuminating.
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