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EURUSD

  • #162,541
  • Nov 17, 2009 12:00pm Nov 17, 2009 12:00pm
To the pip! 162522
  • #162,542
  • Nov 17, 2009 12:01pm Nov 17, 2009 12:01pm
Next thing we'll want to watch for is the Dollar Index.

I think the Double bottom could materialize in the next few sessions.
If so, we'll have a new game to play.

I'm remaining reserved until the writing is clearly on the wall.
Since false breaks and false starts abound in these markets,
patience and discipline take on heightened value and are paramount to survival.

I don't have an extra 400 or 500 pips to give away, so I'm more concerned about
getting it right, than just getting it right now.


Anyhoo, keep an eye on this index. It's out there and you can find it. It's worth watching.
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  • #162,543
  • Nov 17, 2009 12:02pm Nov 17, 2009 12:02pm
USDCAD in at 1.05720 target adjustable 1.04360

GBPUSD in at 1.6795 target adjustable 1.6853, BE once we hit adjustable 1.6837

DONT COPY MY TRADES OR YOU DIE
When life gives you lemons, make lemonade
  • #162,544
  • Nov 17, 2009 12:02pm Nov 17, 2009 12:02pm
Quoting CzechTrade
yea.. and how about shorting oil? cause now it looks like a good opportunity
just a suggestion.. a cad pullback then buy may be the same as an oil buy.
those who can, do. those who cant, talk about those who can
  • #162,545
  • Nov 17, 2009 12:05pm Nov 17, 2009 12:05pm
Quoting toshi
Next thing we'll want to watch for is the Dollar Index.

I think the Double bottom could materialize in the next few sessions.
If so, we'll have a new game to play.

I'm remaining reserved until the writing is clearly on the wall.
Since false breaks and false starts abound in these markets,
patience and discipline take on heightened value and are paramount to survival.

I don't have an extra 400 or 500 pips to give away, so I'm more concerned about
getting it right, than just getting it right now.


Anyhoo, keep an eye on this index. It's out...
i dont have futures .. so slap me with a chart now and then at important levels..thanx
those who can, do. those who cant, talk about those who can
  • #162,546
  • Nov 17, 2009 12:06pm Nov 17, 2009 12:06pm
UCAD stalling at 20 day MA on Daily. have to get close above that or else yep going back to 1.04 region again.
  • #162,547
  • Nov 17, 2009 12:08pm Nov 17, 2009 12:08pm
Quoting vinesh2
To the pip! 162522
good, wouldn't call it a spike though, it's looking good for a proper retrace to 1.4882 as I type this. test of 1.4823 may see me scalp a long again with small SL.
  • #162,548
  • Nov 17, 2009 12:08pm Nov 17, 2009 12:08pm
What a charts!! Double top is confirmed today. Recent valley of today went lower then the four valleys before. Not good. After yesterday doji's, we went down. A terrible daily bearish candle which passed through (1.4810) before coming back, above the first wall of daily support. We are not so far from the second important wall (1.4750 area). If we passed again through, only the MAJOR daily support will protect EU to really fall down. No one can imagine what will happen if EU daily support is broken. If the recent double top will turn on its engine, there are around 200 pips down and we will touch really MAJOR daily support.

Take care and trade safely. I think these days will be difficult for EU. As usual, Forex has no pity or compassion to mistakes. I 'm following now a golden rule: when you have a doubt, don't go and keep away.

Good trading for all.
No Signal, No Trade. No fundamenals, No headache.
  • #162,549
  • Nov 17, 2009 12:16pm Nov 17, 2009 12:16pm
Quoting Exsilium
Interesting item: http://www.fxstreet.com/technical/cu...spx?id=EUR/USD

Analysts Sentiment Index


5 out of 5 Analysts are Bullish on EURUSD now.

But look who they are:

Deltastock: a Romanian bucket shop broker
KBC BANK in Brussells...okay...
FX STREET: themselves....come on, does that count ?
Mizuho Bank: okay..I'll buy that one...
and
Financial Trend Analysis: FX STREET, again.

*Source :
http://cdn.fxstreet.com/images/AsiLegendBull.jpg Deltastock http://cdn.fxstreet.com/images/AsiLegendBull.jpg Financial Trend Analysis http://cdn.fxstreet.com/images/AsiLegendBull.jpg KBC http://cdn.fxstreet.com/images/AsiLegendBull.jpg Mizuho http://cdn.fxstreet.com/images/AsiLegendBull.jpg FXstreet.com


How is this real in any way ? If I asked the 5 toes on my right foot
if they were bullish and three of them told me to go screw myself,
how would I use this ?
  • #162,550
  • Nov 17, 2009 12:19pm Nov 17, 2009 12:19pm
Quoting toshi
But look who they are:

Deltastock: a Romanian bucket shop broker
KBC BANK in Brussells...okay...
FX STREET: themselves....come on, does that count ?
Mizuho Bank: okay..I'll buy that one...
and
Financial Trend Analysis: FX STREET, again.


How is this real in any way ? If I asked the 5 toes on my right foot
if they were bullish and three of them told me to go screw myself,
how would I use this ?
  • #162,551
  • Nov 17, 2009 12:22pm Nov 17, 2009 12:22pm
Quoting vinesh2
UCAD stalling at 20 day MA on Daily. have to get close above that or else yep going back to 1.04 region again.
my purple is 34 ma it punched through it.. white line is all i care about.. staying above 55/65 is a smilie face 4 me.
__bottom skinny white line
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those who can, do. those who cant, talk about those who can
  • #162,552
  • Nov 17, 2009 12:27pm Nov 17, 2009 12:27pm
Quoting gatorinla
i dont have futures .. so slap me with a chart now and then at important levels..thanx

Will do, buddy. Also keep an eye on the Yen for me.
I'm looking at it so much, maybe too much and too close,
I might miss the exact thing I was looking for. Crazy how that happens.

BOJ doesn't want to see 85 or 86 or 88 right now, especially when distributers
and wholesalers are still ordering for the season. I don't think their guy was
really talking straight when he was quoted saying a strong yen is good.

I think he was just trying to do like our guys and say 'strong yen is good"
and hope that it would drop that way, the way ours does. But it was FOOBAR'd.

Now, I think some intervention would knock the market on it's ass right now.
It seldoms works for very long, but executed at the proper time, like now,
when people are nervous, it could get more mileage, instead of when everyone's got their chest puffed out.

Anyway, will keep you on my "A #1" list for updates (that a good list - nothing bad) .
  • #162,553
  • Nov 17, 2009 12:27pm Nov 17, 2009 12:27pm
Quoting gatorinla
my purple is 34 ma it punched through it.. white line is all i care about.. staying above 55/65 is a smilie face 4 me.
__bottom skinny white line
good luck to you and your white line and the purple line and the red and blue and green lines

you will need it
When life gives you lemons, make lemonade
  • #162,554
  • Nov 17, 2009 12:31pm Nov 17, 2009 12:31pm
D top daily , round top & bear continuation pattern in favour of bear but tripple bottom & possible inverted h&s in M1 and for bear continuation pattern & persistent failure to go down the sr it find just above 1.48 it should up1.5004 to 32 .preparing for long orderat 1.4842, what others say?
done already.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #162,555
  • Nov 17, 2009 12:33pm Nov 17, 2009 12:33pm
Quoting micho
good luck to you and your white line and the purple line and the red and blue and green lines

you will need it
thanks.. i will now donate all i have to charity since its ill goten..


not...
those who can, do. those who cant, talk about those who can
  • #162,556
  • Nov 17, 2009 12:36pm Nov 17, 2009 12:36pm
Quoting fontu
D top daily , round top & bear continuation pattern in favour of bear but tripple bottom & possible inverted h&s in M1 and for bear continuation pattern & persistent failure to go down the sr it find just above 1.48 it should up1.5004 to 32 .preparing for long orderat 1.4842, what others say?
done already.
fontu

The 1.4842 level you are referring to is the 50% fib (when the spikes are truncated) of the 1.4625-1.5048 leg. It provided support twice prior, obviously I like the longs.
"Timing Is Everything. Really I Swear It Is"
  • #162,557
  • Nov 17, 2009 12:39pm Nov 17, 2009 12:39pm
Need some help figuring out to use Level 2 quotes.

I have attached a screenshot of what I see.

For instance,

Best Bid is at 1.48450 with a volume of 4, while the best Ask is at 1.48460 with a volume of 15.2.

The worst Bid is at 1.48430 with a volume of 42.5 (highest volume quoted for bids), while the worst Ask is at 1.48480 with a volume of 16.5 (best volume for Ask is at 1.48475 @ 44.7).

How do i use this info?
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  • #162,558
  • Nov 17, 2009 12:43pm Nov 17, 2009 12:43pm
Quoting TexasforEX
The 1.4842 level you are referring to is the 50% fib (when the spikes are truncated) of the 1.4625-1.5048 leg. It provided support twice prior, obviously I like the longs.
Thanks for confirmating , not seen the fib levels before taking. anyway I am waiting to break up the line like gatorinla at 1.4857 .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #162,559
  • Nov 17, 2009 12:44pm Nov 17, 2009 12:44pm
I have one for you to analyse. (I won't bother to post my hash of lines), it would be embarasing.

I have a level that seems important; 1.4637 ???
I also have a subtrend to the main trend. This trend is at a lower rate of increase than the main trend. It runs from june 16 to sept 2. If you extend that trend to the present, then the lower boundary intersects the 1.4637 line before the end of the month.

Does anyone have an opinion on this or anything similar?

Thanks
Art
Ah Luv the smell of a good prediction in the mornin!
  • #162,560
  • Nov 17, 2009 12:49pm Nov 17, 2009 12:49pm
Quoting gatorinla
i dont have futures .. so slap me with a chart now and then at important levels..thanx
read post 6598 by notch your frend and his predict for eur on tsd yesterday 4814
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