The euro appreciated on Friday getting support at $1.4825. Some are expecting that Bernanke's speech on Monday will be dovish and the dollar will continue to weaken on Monday. PIMCO now says that the Fed won't raise rates until the end of 2010.
- #161,584
- Nov 15, 2009 9:57am Nov 15, 2009 9:57am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #161,585
- Nov 15, 2009 10:12am Nov 15, 2009 10:12am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #161,587
- Nov 15, 2009 10:59am Nov 15, 2009 10:59am
Bear mode
This is my 4Hr chart, indicating reversal Head and Shoulders. C did not go lower than A. BC was a retrace of AB to aroud 78.6%. No new valley after C went lower than the valley before. Actually, I don't see bearish! Look at buyers getting more and more force to touch the upper line of the triangle. If H&S will be confirmed, triangle, obviously, will be broken at the upside and AB=CD will be active. Check with your RSI. We would go for 420 pips up to 1.55 area. Don't forget, this is a 4Hr chart, means for long time. That level IN MY HUMBLE OPINION will be reached closer to the end of 2009.
No Signal, No Trade. No fundamenals, No headache.
- #161,589
- Nov 15, 2009 11:22am Nov 15, 2009 11:22am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #161,593
- Nov 15, 2009 12:12pm Nov 15, 2009 12:12pm
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
Euro just moved up 8 pips at Oanda before markets open. 
- #161,594
- Nov 15, 2009 12:14pm Nov 15, 2009 12:14pm
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
Euro just moved up 8 pips at Oanda before markets open.
- #161,596
- Nov 15, 2009 12:47pm Nov 15, 2009 12:47pm
for finding DV we should consider the right setting first we must find
consequence top or low and not some of them with many top and low between them second: just tops or lows on price chart and indicator chart,
when u draw top to top on price must draw top to top on indicator and vs
all of DV u show on different zones r not valid
by the way DV needs some co evidence like candles and ... however
it's not 100% usually 60%
Maybe i'm right, maybe you are right, time will say, but i keep in my mind that we would learn everytime in Forex.
Anyhow, wish to you good trading and many green pips.
No Signal, No Trade. No fundamenals, No headache.
- #161,597
- Nov 15, 2009 12:56pm Nov 15, 2009 12:56pm
- Joined Jan 2008 | Status: I'll Take Your Pips | 1,338 Posts
And just another 5 pips... Strange. I can't remember when Oanda did have such moves before markets open the last time...
We still have 3+ hours before Sydney even opens!
- #161,598
- Nov 15, 2009 1:15pm Nov 15, 2009 1:15pm
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #161,599
- Nov 15, 2009 1:17pm Nov 15, 2009 1:17pm
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #161,600
- Nov 15, 2009 1:33pm Nov 15, 2009 1:33pm
- Joined Nov 2008 | Status: Trader | 1,032 Posts
I agree about drawing DV. However, and without no offense sir, I duplicate your same way of drawing. You show DV from top to top in RSI and low to low on price action. You saw a DV confirmed by Candles, for me bearish candle was, already after doji and the last candle is bullish candle move (even frankly, i don't really trade candles everytime).
Maybe i'm right, maybe you are right, time will say, but i keep in my mind that we would learn everytime in Forex.
Anyhow, wish to you good trading and many green pips.
related to DV.