Dislikedi think you should think twice cos there a positive divergence in the 15 mins chart and another forming in the 1hr chart.
what do you think?Ignored
good luck.
i think you should think twice cos there a positive divergence in the 15 mins chart and another forming in the 1hr chart.
what do you think?
this thing will likely drift lower toward 1.466 support at the very least before it gathers enough bulls. daily support line convincingly broken, im a bull but im a realist bull
- #169,804
- Dec 8, 2009 9:20am Dec 8, 2009 9:20am
- Joined Aug 2007 | Status: Trader | 2,616 Posts
scottymoll what is your reasoning for long here? We have broken through a major trendline which acted as a support since May I think now its going to act as resistance. If we get a weekley close below that EU is toast. Just be on the watch a few pips here and there is not worth the risk
scottymoll what is your reasoning for long here? We have broken through a major trendline which acted as a support since May I think now its going to act as resistance. If we get a weekley close below that EU is toast. Just be on the watch a few pips here and there is not worth the risk
- #169,809
- Dec 8, 2009 9:26am Dec 8, 2009 9:26am
- Joined Feb 2008 | Status: Trader | 2,258 Posts
scottymoll what is your reasoning for long here? We have broken through a major trendline which acted as a support since May I think now its going to act as resistance. If we get a weekley close below that EU is toast. Just be on the watch a few pips here and there is not worth the risk
All that is left in FF is just plain garbage. "Cloggie"
- #169,810
- Dec 8, 2009 9:28am Dec 8, 2009 9:28am
- Joined Sep 2007 | Status: Trader | 1,673 Posts
scottymoll what is your reasoning for long here? We have broken through a major trendline which acted as a support since May I think now its going to act as resistance. If we get a weekley close below that EU is toast. Just be on the watch a few pips here and there is not worth the risk
No disrespect intended, but if I had $100 USD for evertime someone said 'careful longs' since April... I could drop trading forex and just retire. For swing traders, buying in this area presents a great opportunity, with limited risk. If you trade weekly charts, this is a big, fat, screaming buy! Weekly traders wait months for an opportunity at the bottom of the weekly channel. Maybe it will go lower, below 4625, but that is what stops are made for. If swing traders chicken out and don't pull the trigger at the bottom of the channel... well... they are not really swing traders!
Are you talking about the same eu that everyone else is? On my weekly Daily and monthly, all I see is an upward trend. And we aren't anywhere near any levels that we were at in May!
- #169,818
- Dec 8, 2009 9:43am Dec 8, 2009 9:43am
- Joined Apr 2007 | Status: Trader | 2,303 Posts
... but for weekly traders, the best long entry is below 1.4523 this week or 1.4558 next one.
The Big Support for Euro if 1.44/1.45 do not hold, so 1.4180 it is a high probably stop for USD to go further, at least for some time then.
And about warnings, from now on.
The Big Support for Euro if 1.44/1.45 do not hold, so 1.4180 it is a high probably stop for USD to go further, at least for some time then.
And about warnings, from now on.
