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  • #164,801
  • Nov 24, 2009 1:56am Nov 24, 2009 1:56am
Well I saw the patterning for reversal, got in long at 4903. Nobody knows but nice tight stops 4888. It dumped the 15 min in the basement hard, RSI 21%. Percentage wise thats usually good for 90 pips from the low. Plus the h4 patterning I posted earlier.
  • #164,802
  • Nov 24, 2009 1:59am Nov 24, 2009 1:59am
Quoting FXAdvice
Attachment
already we got around +100pips on E/U
  • #164,803
  • Nov 24, 2009 1:59am Nov 24, 2009 1:59am
This is a nice chart, however, the upper trendline can adjust with each new high (as illustrated):
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  • #164,804
  • Nov 24, 2009 2:05am Nov 24, 2009 2:05am
Some recovery happening..small long for T/P 20 pips at 1.49030
  • #164,805
  • Nov 24, 2009 2:07am Nov 24, 2009 2:07am
Morning everyone!

So.......are we ever going to escape 1.48 - 1.50 range ?

My view for today:

looks like we're going below 1.4900 - upper 1h down trendline still holds PA, so I will be looking to short.
  • #164,806
  • Nov 24, 2009 2:07am Nov 24, 2009 2:07am
Quoting 2+2=4ex
This is a nice chart, however, the upper trendline can adjust with each new high (as illustrated):
u do the trendline to the area where theres a shift in demand ..if u see my chart the line is at the peak of the weekly engulf cause that area produced a shift


im not really into trendlines..if i was i wont have sold in the channel, i more a candle person..weekly bearish engulf is holding, (the one 3 weeks back) so far its held..it will trigger when the low is taken out..if im right

i being conservative on the target but i see 1.40 as a traget b4 a further shot up..trendlines are subjective i do agree with u to some degree..
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  • #164,807
  • Nov 24, 2009 2:14am Nov 24, 2009 2:14am
a little move back to 1.4920 area could be good opportunity to join sellers camp. price action is the key as always
  • #164,808
  • Nov 24, 2009 2:17am Nov 24, 2009 2:17am
I feel traders have booked profits on long positions and now fresh new long positions are getting created as evidenced by 5 m and 15 M chart rising.
  • #164,809
  • Nov 24, 2009 2:31am Nov 24, 2009 2:31am
Quoting nAVIN2007
u do the trendline to the area where theres a shift in demand ..if u see my chart the line is at the peak of the weekly engulf cause that area produced a shift


im not really into trendlines..if i was i wont have sold in the channel, i more a candle person..weekly bearish engulf is holding, (the one 3 weeks back) so far its held..it will trigger when the low is taken out..if im right

i being conservative on the target but i see 1.40 as a traget b4 a further shot up..trendlines are subjective i do agree with u to some degree..
That makes sense...thanks for explanation and some enlightenment. Thanks to all others also for the well formulated analysis. I feel I have learned alot tonight. I have been convinced by the overwhelming majority. As a result, I am closing all my longs (6 in total= 5 in profit, 1 negative). I am opening new shorts to add to my 6 open in total (all of which are negative). This could really hurt if not work out but lets hope for the best!!
  • #164,810
  • Nov 24, 2009 2:33am Nov 24, 2009 2:33am
Quoting kingfisher
I feel traders have booked profits on long positions and now fresh new long positions are getting created as evidenced by 5 m and 15 M chart rising.
see some activity as such & hope will for some more pips.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #164,811
  • Nov 24, 2009 2:34am Nov 24, 2009 2:34am
Quoting cphcphcph
added small short @1.4910, tp1.4870, sl:20pips...
too risky?

Are you pissed of now? or did you change TP?
  • #164,812
  • Nov 24, 2009 2:37am Nov 24, 2009 2:37am
Quoting gatorinla
rarely do we go this far south and not hit 4898 or better in a day.

And it happened again
  • #164,813
  • Nov 24, 2009 2:38am Nov 24, 2009 2:38am
Quoting Larseg
Are you pissed of now? or did you change TP?
I obviously don't know what he did with regards to changing his/her tp, but I would of set sl to break even once it was half way there (which it did reach). Actually, I always adjust my sl one pip before break even so I at least won something! Anyone do the same hehe?
  • #164,814
  • Nov 24, 2009 2:38am Nov 24, 2009 2:38am
still holding short, TP 1.4870..come on..down down down
  • #164,815
  • Nov 24, 2009 2:39am Nov 24, 2009 2:39am
Quoting The Fool
I'm talkin' about 30 pips in the bank and a 4% account rise in 30 minutes.

Didn't think you were playing that hard?
  • #164,816
  • Nov 24, 2009 2:41am Nov 24, 2009 2:41am
is Oanda a good broker?
  • #164,817
  • Nov 24, 2009 2:42am Nov 24, 2009 2:42am
Risky business??
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  • #164,818
  • Nov 24, 2009 2:42am Nov 24, 2009 2:42am
oil 'n s&p futures have been sliding up but London is sittin on the fence. the german sentiment data - out in 15m could be the mover either way if its divergent.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #164,819
  • Nov 24, 2009 2:42am Nov 24, 2009 2:42am
looking to sell USDCAD on 4h signal target adjustable 1.0559
looking to buy EURUSD on 4h signal target adjustable 1.498x
When life gives you lemons, make lemonade
  • #164,820
  • Nov 24, 2009 2:43am Nov 24, 2009 2:43am
Quoting Larseg
Risky business??
That is risky business.
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