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  • #158,761
  • Nov 4, 2009 9:53am Nov 4, 2009 9:53am
Quoting wwwin
I agree, the Feds will not change the tune this time, and they need a weak dollar. Yesterday there was a downside breakout that did not follow thru and now the bulls are confident again. Might just go to 1.5000 today.
this is why i always draw multiple trendlines when it comes to a breakout of a strong trend. this chart probably has a broader range of candles than the one you're looking at, but it shows a bounce off a long term trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 65 KB
  • #158,762
  • Nov 4, 2009 9:56am Nov 4, 2009 9:56am
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
http://www.forexfactory.com/attachme...2&d=1257302553
Quite surprised you posted this chicky, this is a front to confuse the masses
It is going up!
----- Dragonfly out in the sun you know what I mean, don't you know
  • #158,763
  • Nov 4, 2009 9:56am Nov 4, 2009 9:56am
Quoting $maker
Any one know how long the posts will be moderated?... bcuz by the time my post or comment gets visible.. we are already a page ahead and i dont get my replies
Have a feeling wont get a reply for this one too

"ironically this is the first post that didnt have to be in the moderation queue.. YAY!..."

I have the same question as you and a search on the forum with the text "visible moderation queue" did not get me answer..

do you know how long you had before this moderated state is over?

tnx
mike
  • #158,764
  • Nov 4, 2009 9:58am Nov 4, 2009 9:58am
This was a nice 4hr channel breakout with good momentum..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4hr breakout.gif Size: 34 KB
  • #158,765
  • Nov 4, 2009 9:58am Nov 4, 2009 9:58am
Thanks for replies. I'm short @.4840 Target .4800
  • #158,766
  • Nov 4, 2009 10:08am Nov 4, 2009 10:08am
Quoting Jfk
Thanks for replies. I'm short @.4840 Target .4800
I am out at the moment, until I see a confirmation one way or the other, because this could go higher and the 4850 is only a resistance, kind of like records are made to be broke so are S/R levels, the ADR is ony an average, so at this point I have no idea what it will actually do, the normal thing would be to stop at the 4850 level and go the other way but this is the FX market it doen not always follow normalcy...
  • #158,767
  • Edited 10:25am Nov 4, 2009 10:15am | Edited 10:25am
Quoting sophiaphia
Quite surprised you posted this chicky, this is a front to confuse the masses
It is going up!
I am no god. Only take chances with probability in my favor.

Got out of my shorts at 1.4804 and entered a three times bigger long position. On achieving BE+1, re-entered short.

I am short once again but only upto 1.4800.

That massive move down from 1.5000/1.4900 was a cause of concern for me for last few days. Also few posts on this level, including one last night. It finally happened, but I am content with my one pip plus a better location for short.

Many times got burned when a secondary trend became primary, therefore no more under-estimate power of secondary trends, but plan my escape in advance.

ps. The blue arrow in that chart will apply after it goes back to re-test 1,4800 and finds some support there. Once it does that, I will go long upto 1.4980 or so.
The Thief of Wall Street
  • #158,768
  • Nov 4, 2009 10:15am Nov 4, 2009 10:15am
All my signals are long Euro, but I'm not risking the news releases either - my system doesn't factor in surprises
  • #158,769
  • Nov 4, 2009 10:16am Nov 4, 2009 10:16am
did someone look at the last 5 daily candels? and what you think about it?
  • #158,770
  • Nov 4, 2009 10:25am Nov 4, 2009 10:25am
Sorry, I know it's not the place, but UCAD turning bullish. Might signal E/U end of rally.
  • #158,771
  • Nov 4, 2009 10:25am Nov 4, 2009 10:25am
Quoting SilverShark
did someone look at the last 5 daily candels? and what you think about it?
Looks to me like it tested the TL but couldn't follow through
  • #158,772
  • Nov 4, 2009 10:29am Nov 4, 2009 10:29am
Quoting Protogenos
Looks to me like it tested the TL but couldn't follow through
This pair has been in somewhat of a consolidation over the last 5 days, so I think when it breaks those key levels of S/R it is going to go with a lot of momentum in what ever direction it takes....
  • #158,773
  • Nov 4, 2009 10:30am Nov 4, 2009 10:30am
....and out in my blog too, sorry!

I hope all are doing just fine and keeping in mind that USD will have their time next here, do not forget it.

Go to my blog to read my updates.

My M30 is telling me that it is time to open a scalp short.
Do not be greedy and close your trade before next 4 hours.

Bye and GL
  • #158,774
  • Nov 4, 2009 10:30am Nov 4, 2009 10:30am
Quoting Chicky
I am no god. Only take chances with probability in my favor.

Got out of my shorts at 1.4804 and entered a three times bigger long position. On achieving BE+1, re-entered short.

I am short once again but only upto 1.4800.

That massive move down from 1.5000/1.4900 was a cause of concern for me for last few days. Also few posts on this level, including one last night. It finally happened, but I am content with my one pip plus a better location for short.

Many times got burned when a secondary trend became primary, therefore no more under-estimate...
Here is one of the posts. It is just amazing- it always happens, always.

http://www.forexfactory.com/showpost...stcount=157533
The Thief of Wall Street
  • #158,775
  • Nov 4, 2009 10:32am Nov 4, 2009 10:32am
I think if it closes above 4850 today then the bull run is still on over the next few weeks....unless of course news flashes disrupts the daily trend somehow...
  • #158,776
  • Nov 4, 2009 10:34am Nov 4, 2009 10:34am
Quoting SilverShark
did someone look at the last 5 daily candels? and what you think about it?
Range and testing daily support. Same high and except yesterday, same low. Market didn't decide yet if yes or not broken daily support. If yes, we go to bearish, if not, we'll go again to 1.500 area, but here also, market will hesitate seen it's already hard resistance.
No Signal, No Trade. No fundamenals, No headache.
  • #158,777
  • Nov 4, 2009 10:35am Nov 4, 2009 10:35am
Quoting Chicky
I am no god. Only take chances with probability in my favor.

Got out of my shorts at 1.4804 and entered a three times bigger long position. On achieving BE+1, re-entered short.

I am short once again but only upto 1.4800.

That massive move down from 1.5000/1.4900 was a cause of concern for me for last few days. Also few posts on this level, including one last night. It finally happened, but I am content with my one pip plus a better location for short.

Many times got burned when a secondary trend became primary, therefore no more under-estimate...
You think big guys are going to short? imo they play longs
  • #158,778
  • Nov 4, 2009 10:35am Nov 4, 2009 10:35am
Do you think that today it wiil decide where it wana go?
Quoting NightMoves
This pair has been in somewhat of a consolidation over the last 5 days, so I think when it breaks those key levels of S/R it is going to go with a lot of momentum in what ever direction it takes....
  • #158,779
  • Nov 4, 2009 10:36am Nov 4, 2009 10:36am
Quoting No Stress
Range and testing daily support. Same high and except yesterday, same low. Market didn't decide yet if yes or not broken daily support. If yes, we go to bearish, if not, we'll go again to 1.500 area, but here also, market will hesitate seen it's already hard resistance.
I agree, if we double top around that 5050 level we could rocket down again....
  • #158,780
  • Nov 4, 2009 10:38am Nov 4, 2009 10:38am
UCAD again! Check it out.
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