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EURUSD

  • #159,501
  • Nov 6, 2009 6:26am Nov 6, 2009 6:26am
the yen is my friend.
those who can, do. those who cant, talk about those who can
  • #159,502
  • Nov 6, 2009 6:31am Nov 6, 2009 6:31am
SELL SELL SELL. No raising rates till 2011 and job situation is poor. Sell off S&P 500 and EUR/USD. That's what to do. don't be deceived at all. The economic recession may be bottoming out but that is the fact it is still b-ot-t-om-i-n-g o-u-t it hasn't b-o-t-t-o-m-e-d o-u-t. Until it does it is share stupidity to hang on to a long position on any of the trades.
  • #159,503
  • Nov 6, 2009 6:31am Nov 6, 2009 6:31am
Scorpio lets leave it at that. Elaboration is not needed charts tell the story.
  • #159,504
  • Nov 6, 2009 6:31am Nov 6, 2009 6:31am
Quoting Popee83
And hey FxSwing .. cool dude .. I get it, just humor ..

So, folks .. am personally waiting for unemployment to hit 14%, gold to hit 1900 and oil 175. You can call me nuts if you like .. but all pointers are going there .. I posted this back in June ..


How do you guys bank 20-30 pip moves? this are just reactions ...
these are reactions when considering large TF such as daily or weekly, but are trend trades when considering smaller TF. some use 1 min TF, some 5 min TF up to hourly.
  • #159,505
  • Nov 6, 2009 6:31am Nov 6, 2009 6:31am
Atlast,

Here is my 4hr Pitchfork I have been using for some time now...I am not sure on the 1hr using your chart....if you get time can you post a 1hr? Thanks so much!

I am seeing price test around the 4720 area....
Attached Image (click to enlarge)
Click to Enlarge Name: Example.JPG Size: 167 KB
  • #159,506
  • Nov 6, 2009 6:33am Nov 6, 2009 6:33am
I am building long positions.
Long time trend is up.
Target 1.5200
Anyone agrees ???
Technical gurus ........ please comment
Cheers
  • #159,507
  • Nov 6, 2009 6:33am Nov 6, 2009 6:33am
Quoting Popee83
i dont think i ask something funny
  • #159,508
  • Nov 6, 2009 6:33am Nov 6, 2009 6:33am
Quoting fxswing
Watch 1.4909 - 1.4826 range, neutral until this it's broken...

Personally I'm favoring longs above 1.4826...
i think i agree with you...i also like the way you phrase your statements...the amount of times i read posts on these forums with absolute statements like 'IT WILL HIT THE 200 sma and then BOUNCE BACK UP TO ...' lol

moving averages arent magically lines and neither are support or resisitance lines....technical analysis is not an exact science but you can use these indicators to help enter the market to give yourself a better chance of succeeding with trades. Predicting price action will get you into a lot of trouble, however allowing it to unfold and using indicators to enter and exit the market is what makes a good trader. Every trade has a risk involved unless this market wouldnt exist.

good luck trading all
  • #159,509
  • Nov 6, 2009 6:34am Nov 6, 2009 6:34am
I have just come for a minute. A little mess I can see on chart. lucky for me today I do not trade - I don't like to work everyday I will put price action case studies in the evening on my blog - everybody is welcome
  • #159,510
  • Nov 6, 2009 6:35am Nov 6, 2009 6:35am
I've got to start using that Pitchfork on my charts.

Quoting IMARICH1
Atlast,

Here is my 4hr Pitchfork I have been using for some time now...I am not sure on the 1hr using your chart....if you get time can you post a 1hr? Thanks so much!

I am seeing price test around the 4720 area....
  • #159,511
  • Nov 6, 2009 6:35am Nov 6, 2009 6:35am
Quoting vinesh2
Scorpio lets leave it at that. Elaboration is not needed charts tell the story.
come on buddy, i am holding lot of long positions....
any help or suggestion is ...welcome
  • #159,512
  • Nov 6, 2009 6:36am Nov 6, 2009 6:36am
the nasty surprise is for the bears...i am no expert on this pair, just a few months but we see this action all the time under the round numbers - remember 1.43 to 1.47.

It is toying under 1.49 for days now acting like it does not want to take it on a date.

Ass charts are lock and load the daily support
4816....4867...4923...4974
s p r r2 and hellow r3 you know where that is!


xxxxsigned non-expert
----- Dragonfly out in the sun you know what I mean, don't you know
  • #159,513
  • Nov 6, 2009 6:39am Nov 6, 2009 6:39am
Quoting gatorinla
the yen is my friend.
So, you have been watching the real action battle ground too .. wise

EURJPY daily:
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy daily 6th.gif Size: 23 KB


Since the USD Index began the upset last week, the EURJPY has been the road map giving cues about the direction Dollar Index would go .. seems you knew this Gator all along too...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #159,514
  • Nov 6, 2009 6:40am Nov 6, 2009 6:40am
I'm just amazed. Why do you cry for SELL, SELL, SELL the EUR/USD? I mean BUY, BUY, BUY! It's clear that the FED won't hike the for the next period of time now and that's simply not priced in. The rest of the world will start rate hiking before (like Norway already did).
  • #159,515
  • Nov 6, 2009 6:41am Nov 6, 2009 6:41am
Quoting nazik
i dont think i ask something funny

My apologies ..
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #159,516
  • Nov 6, 2009 6:41am Nov 6, 2009 6:41am
Quoting sophiaphia
the nasty surprise is for the bears...i am no expert on this pair, just a few months but we see this action all the time under the round numbers - remember 1.43 to 1.47.

It is toying under 1.49 for days now acting like it does not want to take it on a date.

Ass charts are lock and load the daily support
4816....4867...4923...4974
s p r r2 and hellow r3 you know where that is!


xxxxsigned non-expert

it looks like its date time perhaps very soon....with the worse than expected unemplyement number i wouldnt be surprised to see alot of stop orders just over 1.4900 ...if those get run we could very easy be looking at 1.50 handle and a retest of the highs at 1.5060 ...lets wait and see
  • #159,517
  • Nov 6, 2009 6:43am Nov 6, 2009 6:43am
Quoting Xaron
I'm just amazed. Why do you cry for SELL, SELL, SELL the EUR/USD? I mean BUY, BUY, BUY! It's clear that the FED won't hike the for the next period of time now and that's simply not priced in. The rest of the world will start rate hiking before (like Norway already did).
  • #159,518
  • Nov 6, 2009 6:44am Nov 6, 2009 6:44am
Quoting vinesh2
Scorpio lets leave it at that. Elaboration is not needed charts tell the story.
oils at 78.60.. both s/p and eu and oil/gold ect. have room to go up.. wait till 82 oil to short.
those who can, do. those who cant, talk about those who can
  • #159,519
  • Nov 6, 2009 6:45am Nov 6, 2009 6:45am
Seems to me fundamentals are becoming less important in the new 'paradigm'. Liquidity and the potential for growth from new economies are taking precedence over domestic (UK/US) numbers. Cheap money is king and as long as the central bankers are feeding the beast he'll keep eating. So, any sniff of fiscal tightening will send him running.
  • #159,520
  • Nov 6, 2009 6:46am Nov 6, 2009 6:46am
Scorpio if you are worried about your positions you should just put a SL and forget about it. I certainly do not want to be responsible for some one loosing their or even earning their hard worked money. I am here just to share what I see. I dont make trade calls all I do is share what I see. I a position trader so what ever number I put out on the forum are based on 2-3months horizon. Some ppl here are absolutely certain about their calls and hey I am poor I don't have a crystal ball. Reason I am being reluctant to share my opinion about today's moves is that b/c I have seen this too many times. I have posted my analysis in previous posts check em out and read them while drinking a shot of petron.
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