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  • #169,601
  • Dec 8, 2009 12:19am Dec 8, 2009 12:19am
Good Morning Driver55,

What is your take on this price action now that we are above 4827?

I see us in a wedge at the moment and not sure if we will break to upside....

I am still Long at 4858....
  • #169,602
  • Dec 8, 2009 12:20am Dec 8, 2009 12:20am
Out of long from 1.4765 at 1.4850. Short at 1.4855.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-12-07_2219.png Size: 39 KB
Going to make it big by age 21.
  • #169,603
  • Dec 8, 2009 12:23am Dec 8, 2009 12:23am
Quoting Driver55
morning
Morning!
Not all sins are created equal
  • #169,604
  • Dec 8, 2009 12:30am Dec 8, 2009 12:30am
  •  bdamata
  • | Joined Nov 2009 | Status: Life is a learning process, FX too | 10 Posts
Quoting CzechTrade
i was short from 4825 and my TP was 4884 but i closed my trade for 20 pips bc 15m chart doesnt make me sure it will go up.. may be wrong thats what i see

You mean long right?
  • #169,605
  • Dec 8, 2009 12:37am Dec 8, 2009 12:37am
Quoting mfoste1
good morning driver, hope you got quality sleep!
Quoting IMARICH1
Good Morning Driver55,

What is your take on this price action now that we are above 4827?

I see us in a wedge at the moment and not sure if we will break to upside....

I am still Long at 4858....
Morning mfoste1, Imarich1 !!

Well, it happened on schedule until now (consolidation). We have established and created the preconditions for moving from here, although at the moment I see no excuse for that.

So , if I were in, with a short-term vision, I looked at the following factors:
:

1) actual abandonment of 4827 down (I do not believe in this possibility)
2) keep a eye on the following price ranges:
EURUSD 14839 - 14824 - 14807
USDCHF 10205 - 10193 - 10182
as long as we stay in this ranges ,nothing will happen.

PS: you'll see that in these areas, they move in synchronism
The best thing that can happen to you is to find out where you're wrong.
  • #169,606
  • Dec 8, 2009 12:38am Dec 8, 2009 12:38am
Quoting Jay Walker
Morning!
Buongiorno Jay
The best thing that can happen to you is to find out where you're wrong.
  • #169,607
  • Dec 8, 2009 12:43am Dec 8, 2009 12:43am
Morning driver55
  • #169,608
  • Dec 8, 2009 12:45am Dec 8, 2009 12:45am
Driver55,

Thanks! So since I am in at 4858 are you saying I should hold out until I see 4807 defeated?

Just needing some understanding on what your range numbers mean.....

Thanks....
  • #169,609
  • Dec 8, 2009 12:47am Dec 8, 2009 12:47am
Quoting Driver55
Morning mfoste1, Imarich1 !!

Well, it happened on schedule until now (consolidation). We have established and created the preconditions for moving from here, although at the moment I see no excuse for that.

So , if I were in, with a short-term vision, I looked at the following factors:
:

1) actual abandonment of 4827 down (I do not believe in this possibility)
2) keep a eye on the following price ranges:
EURUSD 14839 - 14824 - 14807
USDCHF 10205 - 10193 - 10182
as long as we stay in this ranges ,nothing will...
Does that mean we should short EU now?
  • #169,610
  • Dec 8, 2009 12:48am Dec 8, 2009 12:48am
Quoting IMARICH1
Driver55,

Thanks! So since I am in at 4858 are you saying I should hold out until I see 4807 defeated?

Just needing some understanding on what your range numbers mean.....

Thanks....
No IMA, I don't tell you what to do. I only say about the situation, from my point of view.

The decisions are yours
The best thing that can happen to you is to find out where you're wrong.
  • #169,611
  • Dec 8, 2009 12:53am Dec 8, 2009 12:53am
GAP between 1.48480 to 1.48486. But i use non-ecn broker.
  • #169,612
  • Dec 8, 2009 12:53am Dec 8, 2009 12:53am
No...I understand you don;t tell me what to do....Got that....I'm trying to understand where you think priceis headed....that;s all.....

I was looking at exiting out at 4885....but it may not get there.....from what you posted it looks like you believe price may go back to 4807.....is this correct?


Thanks.....
  • #169,613
  • Dec 8, 2009 12:55am Dec 8, 2009 12:55am
And here is H4

I could be wrong but i think its due for at least a correction north.




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.
Some drink at the fountain of knowledge. Others just gargle !
  • #169,614
  • Dec 8, 2009 12:56am Dec 8, 2009 12:56am
Quoting IMARICH1
No...I understand you don;t tell me what to do....Got that....I'm trying to understand where you think priceis headed....that;s all.....

I was looking at exiting out at 4885....but it may not get there.....from what you posted it looks like you believe price may go back to 4807.....is this correct?


Thanks.....

IMA, I've wrote "as long as we stay in this ranges ,nothing will happen"
The best thing that can happen to you is to find out where you're wrong.
  • #169,615
  • Dec 8, 2009 12:57am Dec 8, 2009 12:57am
Morning campers. eurusd has been forming a tight trianglular consolidation pattern ranging now between 4850 and 4820. I'd wait for a break up or down before making a decision. SnP looks like it is bearish at moment. My prediction would be for a break down in euro at or before open.
  • #169,616
  • Dec 8, 2009 1:00am Dec 8, 2009 1:00am
Morning people....in a buy from 4838 reason behind my trade....well they just dont look like they want this to drop yet so i figure its got some movement north....possible take profit around my r1 level 4882
  • #169,617
  • Dec 8, 2009 1:02am Dec 8, 2009 1:02am
Quoting Driver55
"as long as we stay in this ranges ,nothing will happen"
Very much what I expect today.
Not all sins are created equal
  • #169,618
  • Dec 8, 2009 1:03am Dec 8, 2009 1:03am
morning all and buan giorno
  • #169,619
  • Dec 8, 2009 1:05am Dec 8, 2009 1:05am
Quoting tradertom
morning all and buan giorno
Dir auch ... Guten Morgen
The best thing that can happen to you is to find out where you're wrong.
  • #169,620
  • Dec 8, 2009 1:12am Dec 8, 2009 1:12am
Quoting Allanuk
Morning people....in a buy from 4838 reason behind my trade....well they just dont look like they want this to drop yet so i figure its got some movement north....possible take profit around my r1 level 4882

I`l take that loss i`m out on 4825...!
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