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  • #170,201
  • Dec 9, 2009 9:01am Dec 9, 2009 9:01am
Hey guys, been long since last night but scalping the up-moves and then adding back on dips. Long now from about 1.4709 or so. Daily uptrend is still in place and the 4 hour is basing nicely. There is some positive divergence between price and MACD on the 1-hour.

I've been watching the 5min also and this is what I'm seeing:

Looking for 1.5000 target medium term, but will continue to move in and out to maximize profit...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd5min.JPG Size: 38 KB
check out my blog: forexmademillionaire dot com
  • #170,202
  • Dec 9, 2009 9:02am Dec 9, 2009 9:02am
Quoting gatorinla
because of 4682 was where i thought we would go. go back and read post. i figured it would be strong support.
thanks
  • #170,203
  • Dec 9, 2009 9:09am Dec 9, 2009 9:09am
if 1.47000 is broken its heading a long way down south i belive.
  • #170,204
  • Dec 9, 2009 9:09am Dec 9, 2009 9:09am
Quoting sibajnok
thanks
but we breached it.. so we could again.. usdx is developing a embyo round bottom... if it develops then eu goes down.. big time..
those who can, do. those who cant, talk about those who can
  • #170,205
  • Dec 9, 2009 9:13am Dec 9, 2009 9:13am
S&P and DAX are showing no strength could go further down keep an eye on DAX 5600 area if this one breaks we can see a huge move down.
Currently DAX 5630 S&P 1089
Trade on your own risk Plan your trade&trade your plan dont be a
  • #170,206
  • Dec 9, 2009 9:22am Dec 9, 2009 9:22am
Quoting alvelino
if 1.47000 is broken its heading a long way down south i belive.

Target:

1.44-1.4480
  • #170,207
  • Dec 9, 2009 9:22am Dec 9, 2009 9:22am
OK bears... let's take a look. We have the following numbers

4625--- last swing low

4628--- 100 daily sma

4605-- big, fat, 61.8 fib from the great decline

4600-- round number (not that important)

4480-- previous swing low

conclusions: Nomally, I would not call trend change or reverse positions until the previous swing low was taken out, in this case 4480. However, there a 3 big guns and a knife sitting there for support between 4600 and
and 4630. If all 4 of those bad boys are taken out this week, that will be enough evidence for me! If they hold, then we probably go back up to test 1.51xxx. I hope so, my wife wants a new car for Christmas!! Good trades to all!!!
  • #170,208
  • Dec 9, 2009 9:26am Dec 9, 2009 9:26am
Quoting FX-Petra

conclusions: Nomally, I would not call trend change or reverse positions until the previous swing low was taken out, in this case 4480. However, there a 3 big guns and a knife sitting there for support between 4600 and
and 4630. If all 4 of those bad boys are taken out this week, that will be enough evidence for me! If they hold, then we probably go back up to test 1.51xxx. I hope so, my wife wants a new car for Christmas!! Good trades to all!!!

To add onto 1.4480 case; it would coincide with USDX 80, which is 200 day MA. Above that would be a trend change, definitely marking the end of March-November rally in the markets.
  • #170,209
  • Dec 9, 2009 9:26am Dec 9, 2009 9:26am
Quoting FX-Petra
OK bears... let's take a look. We have the .....
conclusions: Nomally, I would not call trend change or reverse positions until the previous swing low was taken out, in this case 4480. However, there a 3 big guns and a knife sitting there for support between 4600 and
and 4630. If all 4 of those bad boys are taken out this week, that will be enough evidence for me! If they hold, then we probably go back up to test 1.51xxx. I hope so, my wife wants a new car for Christmas!! Good trades to all!!!
I'm also long because I need a new pair of shoes

PS:FX-Petra it's useless ... in this thread it is a lost cause
The best thing that can happen to you is to find out where you're wrong.
  • #170,210
  • Dec 9, 2009 9:30am Dec 9, 2009 9:30am
I appreciate you guys! Hang in there Driver55....there are some of us that really try and learn and watch for clues to gain an edge in this arena!
  • #170,211
  • Dec 9, 2009 9:31am Dec 9, 2009 9:31am
I belive it would break down within 30 minutes. I have sell signals across the line on my system.
  • #170,212
  • Dec 9, 2009 9:33am Dec 9, 2009 9:33am
i followed some advice in the last 10 pages and i made nearly 100 pips!
thanks!(probably could have made more but i'm a bit cautious nowadays)

i'm very glad i found this site!
  • #170,213
  • Dec 9, 2009 9:38am Dec 9, 2009 9:38am
Quoting IMARICH1
I appreciate you guys! Hang in there Driver55....there are some of us that really try and learn and watch for clues to gain an edge in this arena!
You do not understand that there are not many things to learn. this market has never been a serious matter.
Only time (read experience) .. helps.

I think u have forgotten what yourself carry down to your posts
The best thing that can happen to you is to find out where you're wrong.
  • #170,214
  • Dec 9, 2009 9:42am Dec 9, 2009 9:42am
Crude oil inventory is negative. Much more lower compared to estimates. Expecting a modest bounce up for oil. Not sure how much strength it can lend to euro.

I rather go long on oil now.
  • #170,215
  • Dec 9, 2009 9:43am Dec 9, 2009 9:43am
Quoting Driver55
You do not understand that there are not many things to learn. this market has never been a serious matter.
Only time (read experience) .. helps.

I think u have forgotten what yourself carry down to your posts
I so agree with you Driver! The more you trade the better you get, know it from my own experience.
However, your posts are very valuable, at least to me So keep posting, plz
In God We Trust! The question is, does God trust us?
  • #170,216
  • Dec 9, 2009 9:48am Dec 9, 2009 9:48am
Ok! USD dropping now Strength 3.8 from 5 Market is GREEN

Common, let's move up!
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #170,217
  • Dec 9, 2009 9:52am Dec 9, 2009 9:52am
but why, tell me why ? I don't see any reasons... maybe because S&P announced about Spain... but they knew it earlier
  • #170,218
  • Dec 9, 2009 9:52am Dec 9, 2009 9:52am
Quoting Geppy
I've been watching the 5min also and this is what I'm seeing:
Update:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd5min.JPG Size: 39 KB
check out my blog: forexmademillionaire dot com
  • #170,219
  • Dec 9, 2009 9:57am Dec 9, 2009 9:57am
never got that 2nd chance below 1.47 to pull trigger long again. 1.47 looks to provide multiple support this week, repeatedly (like Sept/Oct).
Keep eye on W M1.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #170,220
  • Dec 9, 2009 10:07am Dec 9, 2009 10:07am
Thread drift, possible short setup depending on your system, TF and correlation on UJ
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