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  • #181,621
  • Jan 15, 2010 12:11pm Jan 15, 2010 12:11pm
i m still holding longs to go to the res at 1.445 area as we ve reached a target fib200 on what looks like H&S may be it wont be today and next week it will go up .
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  • #181,622
  • Jan 15, 2010 12:11pm Jan 15, 2010 12:11pm
EURUSD Analysis

On the 8th January, Euro strengthened itself against the dollar. As you can see, that rally followed by a very distinct tight sideway movement. This formed a very nice Spike & Ledge pattern. A counter-trend breakout (in this case a downside breakout) would reverse the prior trend.

I am expecting it would go down, making an almost 100% U-turn. Price might make a pull back before continuing down.

http://i677.photobucket.com/albums/v...eurusd_snl.gif
Trading Should Not Be Complex
  • #181,623
  • Jan 15, 2010 12:13pm Jan 15, 2010 12:13pm
this is the chart
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  • #181,624
  • Jan 15, 2010 12:18pm Jan 15, 2010 12:18pm
Quoting gatorinla
chicky's line is about 4335/40... so we got a bump there. 4325 is the next bump i have.. we may rest or bounce there some before weekend. 4325 may be a soft bottom.. i can see us atm going to 4384 possibly 4399 st. not much moving us. currently 4373
Lots many sr above & already failed repeatedly to break up , I feel it will start bear ( sky fall effects ) if possible at this weekened. already shorted .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #181,625
  • Jan 15, 2010 12:19pm Jan 15, 2010 12:19pm
Bear Flag is powerful, PA couldn't close one day above top line.
Bottom line now at 1.4287 level. If we broke this level Monday the drop will resume from 1.5140.
Best Level to stop Euro to drop more it is 1.3660 area, next 1.2950 area.
For Patient traders I advice to leave 1/4 from shorts above 1.4480 for Long Term.
  • #181,626
  • Jan 15, 2010 12:22pm Jan 15, 2010 12:22pm
Hi all !!!

Here´s a little Chartupdate. Maybe useful, maybe not...

Have a nice weekend
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  • #181,627
  • Jan 15, 2010 12:27pm Jan 15, 2010 12:27pm
Quoting Toledo
Hi all !!!

Here´s a little Chartupdate. Maybe useful, maybe not...

Have a nice weekend
Your Chart style very similar to mine.
  • #181,628
  • Jan 15, 2010 12:28pm Jan 15, 2010 12:28pm
Quoting fontu
Lots many sr above & already failed repeatedly to break up , I feel it will start bear ( sky fall effects ) if possible at this weekened. already shorted .
fontu
same here. i know its going past s3.. but it think we may get to 4325... where we end today should be above. unless we get a major sell off of stocks... math said#179797
those who can, do. those who cant, talk about those who can
  • #181,629
  • Jan 15, 2010 12:28pm Jan 15, 2010 12:28pm
and i like that! LOL

tight SL, may even close if i see 1.437 break down again for only a few pips loss.

also the downward triangle has broken. sideways, it's true...

reversal coming? who knows. well i don't at least.


have a nice weekend, everyone!
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dreams do come true.
  • #181,630
  • Jan 15, 2010 12:33pm Jan 15, 2010 12:33pm
Quoting BoredToLoose
Your Chart style very similar to mine.
Hi Mike !

Yes, I know... I entered your Blog yesterday and enjoyed it ! Chapeau !!!
  • #181,631
  • Jan 15, 2010 12:33pm Jan 15, 2010 12:33pm
Quoting wannaberich
and i like that! LOL

tight SL, may even close if i see 1.437 break down again for only a few pips loss.

also the downward triangle has broken. sideways, it's true...

reversal coming? who knows. well i don't at least.


have a nice weekend, everyone!
1.4329 it is the best H4 level to go for a long, if breaks you know what to do, Pray to see a false break or close your long.
Daily best long entry is 1.4277/87 level.
  • #181,632
  • Jan 15, 2010 12:35pm Jan 15, 2010 12:35pm
Quoting Petar_Serbia
I closed +50

Thx my friend and enjoy in week...
I close 44 + today
  • #181,633
  • Jan 15, 2010 12:38pm Jan 15, 2010 12:38pm
and then it could resume the downtrend for some downward pips

abraço

Quoting BoredToLoose
1.4329 it is the best H4 level to go for a long, if breaks you know what to do, Pray to see a false break or close your long.
Daily best long entry is 1.4277/87 level.
dreams do come true.
  • #181,634
  • Jan 15, 2010 12:38pm Jan 15, 2010 12:38pm
Quoting Toledo
Hi Mike !

Yes, I know... I entered your Blog yesterday and enjoyed it ! Chapeau !!!
Let's wait and see what will happen next week, if we will go one last time to 1.4600 area or finally the Downtrend will resume.
  • #181,635
  • Jan 15, 2010 12:42pm Jan 15, 2010 12:42pm
Quoting gatorinla
gbp bounced off upper tl on descending channel (day chart)( gu possibe 800 plus pips lower) so maybe eu goes lower now.. first support that means something 4444/6.. gotta break it. if not still scalping ping pong style.
along with gu goes oil eu........
those who can, do. those who cant, talk about those who can
  • #181,636
  • Jan 15, 2010 12:45pm Jan 15, 2010 12:45pm
Quoting BoredToLoose
1.4329 it is the best H4 level to go for a long, if breaks you know what to do, Pray to see a false break or close your long.
Daily best long entry is 1.4277/87 level.
Seeing the daily charts the next bounce seems similar 1.4283/61 levels .
so let it fall first , next week.
Good night to all , see you all next week.

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #181,637
  • Jan 15, 2010 12:46pm Jan 15, 2010 12:46pm
Hi Wannabe !!!

Your´re Long ??? OK, feel free to fill my pockets
Sorry, just kidding...

great weekend too...
  • #181,638
  • Jan 15, 2010 12:48pm Jan 15, 2010 12:48pm
Ho Everybody,

What do you think - should I live my short open position (15pips so far) over the weekend or close it and see what happens next week?
  • #181,639
  • Jan 15, 2010 12:53pm Jan 15, 2010 12:53pm
Quoting fontu
Lots many sr above & already failed repeatedly to break up , I feel it will start bear ( sky fall effects ) if possible at this weekened. already shorted .
fontu
DS3 1.4335 we r in a buy zone this might take it up before it goes down .
  • #181,640
  • Jan 15, 2010 12:54pm Jan 15, 2010 12:54pm
Quoting BoredToLoose
Let's wait and see what will happen next week, if we will go one last time to 1.4600 area or finally the Downtrend will resume.
and a little message for our youngsters

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