Selling the E/U based on monthly chart?? | Forex Factory

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Selling the E/U based on monthly chart??

  • #1
  • First Post: Jan 1, 2010 11:35am Jan 1, 2010 11:35am
http://i49.tinypic.com/2r1zevn.gif

Looking at this chart ,and I am not an expert ,but there is a strong bearish signal. What do you guys think about long term trade for this setting?
  • #2
  • Jan 1, 2010 11:48am Jan 1, 2010 11:48am
Are you working from a monthly chart ? I never did though .How you determine an entry for short from this tf ? Price presently though in bear mode still have the chance of more correction, 1.46-7 not unlikely & in that case you may be using 400-500 pips as sl?
thanks , fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #3
  • Jan 1, 2010 3:31pm Jan 1, 2010 3:31pm
Quoting fontu
Are you working from a monthly chart ? I never did though .How you determine an entry for short from this tf ? Price presently though in bear mode still have the chance of more correction, 1.46-7 not unlikely & in that case you may be using 400-500 pips as sl?
thanks , fontu
I am a beginner bro. I am taking people's opinion on the matter. I only know it will go down due to yearly forecast about dollars gaining strength and possible crisis in the euro zone ,thats it.

I am thinking about opening another account ,make sell order with no s/l.
  • #4
  • Jan 1, 2010 3:43pm Jan 1, 2010 3:43pm
I think Euro is going to rebounce up if it does not break Kijun-sen downwards.
Attached Image (click to enlarge)
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Best regards, Andrew Forex
  • #5
  • Jan 1, 2010 4:05pm Jan 1, 2010 4:05pm
Quoting Brb-Fraudin
http://i49.tinypic.com/2r1zevn.gif

Looking at this chart ,and I am not an expert ,but there is a strong bearish signal. What do you guys think about long term trade for this setting?
If anyone would know where E/U will be in 5-6 month he wouldn't be spending his time one ForexFactory.
Apart from that don't listen to anyone when you make a trade. No one knows more about what will happen next than you. This is to biggest Newbie mistake. Instead of taking responsability they let other influence them in their trading just so they can blame them instead of themselfs.
  • #6
  • Jan 1, 2010 5:00pm Jan 1, 2010 5:00pm
Quoting Brb-Fraudin
I am thinking about opening another account ,make sell order with no s/l.
Please tell me when you do that in order to enter long (of course only 2% of my capital and with SL)
  • #7
  • Jan 1, 2010 9:54pm Jan 1, 2010 9:54pm
i'm actually expecting long on this one, not too much though since the market is moving in waves downwards so i'd expect a retracement soon, then more downtrend.

also, these monthly charts point out that we should be expecting a double bottom recession, so let's wait for some important news, not analyst's expectations
  • #8
  • Jan 22, 2010 1:30pm Jan 22, 2010 1:30pm
Quoting ssnakezor
i'm actually expecting long on this one, not too much though since the market is moving in waves downwards so i'd expect a retracement soon, then more downtrend.

also, these monthly charts point out that we should be expecting a double bottom recession, so let's wait for some important news, not analyst's expectations
Guess u were wrong and I was right.
  • #9
  • Jan 22, 2010 2:08pm Jan 22, 2010 2:08pm
Good call..i have started trading on weekly and monthly time frame.

Weekly is my first choice since i have observed a trend remains establish for a week before reversing.

Someone who have shorted euro on 1.4560 2 weeks back would have earned great pips.
  • #10
  • Feb 11, 2010 12:11pm Feb 11, 2010 12:11pm
http://i47.tinypic.com/25rd0du.gif

One day it in march or April it will reach 93 and 94.

You can see my SL and TP clearly
  • #11
  • Feb 11, 2010 1:16pm Feb 11, 2010 1:16pm
Quoting Brb-Fraudin
http://i49.tinypic.com/2r1zevn.gif

Looking at this chart ,and I am not an expert ,but there is a strong bearish signal. What do you guys think about long term trade for this setting?
Had monthly bearish signal since end of December which targets much lower than its current price.

Cheers.
S.
  • #12
  • Feb 11, 2010 1:40pm Feb 11, 2010 1:40pm
Why'd you ignore my thread on bb.com brah
  • #13
  • Feb 11, 2010 5:56pm Feb 11, 2010 5:56pm
Quoting lolpie
Why'd you ignore my thread on bb.com brah
Link for reps.

Found it.
  • #14
  • Feb 18, 2010 2:57pm Feb 18, 2010 2:57pm
Quoting Brb-Fraudin
http://i47.tinypic.com/25rd0du.gif

One day it in march or April it will reach 93 and 94.

You can see my SL and TP clearly


http://i46.tinypic.com/fw57k6.jpg
  • #15
  • Feb 23, 2010 11:42pm Feb 23, 2010 11:42pm
Weekly Chart


http://i46.tinypic.com/11kwqhi.jpg
  • #16
  • Mar 10, 2010 10:14pm Mar 10, 2010 10:14pm
Quoting Brb-Fraudin
Weekly Chart


http://i46.tinypic.com/11kwqhi.jpg
What's this based on, meaning why are you selling? On the monthly it looks like its ranging.
  • #17
  • Last Post: Mar 11, 2010 7:01am Mar 11, 2010 7:01am
Quote
What's this based on, meaning why are you selling? On the monthly it looks like its ranging.

Yes E/U has stalled. It is ranging.

Based on 2009 stall from june 03, 2009 to sept 03, 2009....it can be till may 1st week of 2010 before E/U resumes its downtrend.

BREAKING NEWS:

E/U STALLED between 1.34-1.37
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