depending on your system , set a reasonable tp depending on your trade, for a 5 min chart . 20-30 pips is fine
- #176,042
- Dec 29, 2009 7:50am Dec 29, 2009 7:50am
- Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts
- #176,043
- Dec 29, 2009 7:57am Dec 29, 2009 7:57am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
1000 charts has been posting lately showing supporting EU Shorts case
and pair
yet going up everyday. Triangles, Fibs, Trade lines, and none of them
worked. They are all following the Price action and not vise versa.
I'm Going long GU (very attractive), EU on deep, loading up as well.
You know why EU will keep claiming, because all crowd, media, CNBC
all taking US Dollar Long, that's why it's going to tank to 1.55 soon.
and pair
yet going up everyday. Triangles, Fibs, Trade lines, and none of them
worked. They are all following the Price action and not vise versa.
I'm Going long GU (very attractive), EU on deep, loading up as well.
You know why EU will keep claiming, because all crowd, media, CNBC
all taking US Dollar Long, that's why it's going to tank to 1.55 soon.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #176,046
- Dec 29, 2009 8:17am Dec 29, 2009 8:17am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
1000 charts has been posting lately showing supporting EU Shorts case
and pair
yet going up everyday. Triangles, Fibs, Trade lines, and none of them
worked. They are all following the Price action and not vise versa.
I'm Going long GU (very attractive), EU on deep, loading up as well.
You know why EU will keep claiming, because all crowd, media, CNBC
all taking US Dollar Long, that's why it's going to tank to 1.55 soon.
rat
hmm need ur advice..if currently i short for eurusd at 1.4446..what amount should i set for take profit??
Look at this ...
and try to understand - what's the idea behind...
we can see lower levels than 1.4410 - 1.4396 again - intraday prospective - and even lower very easilly...
Gruß
und viel Erfolg!
EUR-USD Analysis - Tuesday 29 December 2009
0.0060 Écart
1.4470 1.4441
1.4442 1.4419
1.4413 1.4396
1.4410 1.4386 UPSIDE
1.4382 1.4383 PIVOTAL ZONE
1.4350 1.4380 DNSIDE
1.4353 1.4370
1.4322 1.4347
1.4290 1.4325
Entry-point Key-point
1.4394 1.4407
Elliott : correction zigzag 1.4431
Scenario for Tuesday
1.4379* Preferred outlook is for a drift down towards 1.4350/ 47 or to below 1.4322. Resistances are to be seen at 1.4382 and 1.4386 - 1.4394/ 96. A rise above 1.4410/ 13 would delay but not abort this expected fall ...
Warning: Harami
Warning: End of trend
Warning: End of trend - Imminent end of bullish move
### Rollover-close
1.4407 Key-point
1.4394 Entry-point
1.4218 Elliott; Key-point
1.4379 Rollover-close
1.4431 Elliott; Projection
1.4379 Trendline-point 1
1.4413 Trendline-point 2
### Rollover-open
1.4409 Key-point
1.4365 Entry-point
1.4218 Elliott; Key-point
1.4377 Rollover-open
1.4431 Elliott; Projection
1.4309 Trendline-point 1
1.4412 Trendline-point 2
1.4458 Trendline-point 3
###
- #176,050
- Dec 29, 2009 8:25am Dec 29, 2009 8:25am
Out of interest, why did euro bounce off the low on the 22nd December? What was so significant about that level? I can't see anything on my charts that I can conclusively say, "Yes, it was definitely that."
But now that its broken 1.44 we should see a pretty major retractment.
- #176,051
- Dec 29, 2009 8:27am Dec 29, 2009 8:27am
- Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts
1.55 soon i doubt. Over a 1000 points soon. Thats would take a few months at best.
a couple months, that's not to long to wait. I can't say where its headed next but 1.55 is a valid target. 
and a couple months is soon to old people - #176,052
- Dec 29, 2009 8:28am Dec 29, 2009 8:28am
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
- #176,053
- Dec 29, 2009 8:28am Dec 29, 2009 8:28am
Ya same for me shadow. I cant find any reason why it bounced thats why I took a massive loss this week
But now that its broken 1.44 we should see a pretty major retractment.
Ya same for me shadow. I cant find any reason why it bounced thats why I took a massive loss this week
But now that its broken 1.44 we should see a pretty major retractment.
yes my dear - please try to mention your vision or idea - a major retracement towards .... what ?
?
- #176,057
- Dec 29, 2009 8:40am Dec 29, 2009 8:40am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #176,060
- Dec 29, 2009 8:45am Dec 29, 2009 8:45am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
ok lets get all thing into perspective as now i see 1.55 being called
1) xmas 2 weeks I fully expected a retracement . after a 900 pip drop in 3 weeks we have had a massive 200 pip reatrcement..wow , hardly even 25% fib retrace. EU has ZERO BUYING PRESSURE. The move up on retrace is on LOW volume.... aka price manipulation with no real buyers
2) there is a s/r line at 1.4500 that not only has to be tested yet but also has to be broken.
3) now we have a bear div rsx on a 2 hr chart on this weak arse move up ...
those looking for 1.55 , based on current charts ...are dreaming .. not only that but they need to go and look what the definition of a bear flag is.
NOW if when real volume comes back to the market next week we see a break out of 1.4500 and a re - test then I may change my views
1) xmas 2 weeks I fully expected a retracement . after a 900 pip drop in 3 weeks we have had a massive 200 pip reatrcement..wow , hardly even 25% fib retrace. EU has ZERO BUYING PRESSURE. The move up on retrace is on LOW volume.... aka price manipulation with no real buyers
2) there is a s/r line at 1.4500 that not only has to be tested yet but also has to be broken.
3) now we have a bear div rsx on a 2 hr chart on this weak arse move up ...
those looking for 1.55 , based on current charts ...are dreaming .. not only that but they need to go and look what the definition of a bear flag is.
NOW if when real volume comes back to the market next week we see a break out of 1.4500 and a re - test then I may change my views
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