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EURUSD

  • #183,141
  • Jan 20, 2010 11:25pm Jan 20, 2010 11:25pm
Quoting forex888
My views is completely different from others. I target long on E/U because in Weekly timeframe, the pair is still uptrend. I attach a snapshot for you to see it. So I put long on every bloody fall.
Don't think rumors about Greece will stop as currently their bonds are sold wildly. Anyway Spain seems also to slip deeper in its mood.

I don't know if we will see lows of 2008, but the E/U will head down now step for step for some more days, maybe it will retrace to 50% Fib before it reaches its' 3800 correction target just to fall again back to 3800.

If you look at W1 we are in a possible wave 4 of longer term E/U uptrend. So in some months it may jump off 3800 to climb to its new 5 top.

But I guess we may have already seen the retrace last week so we are set to directly jump off 3800 to a new 5 in multiple waves maybe at around 5300 or at least in a "panic mode" to around 6000 which will create a giant double top. Maybe the US will show us soon why!? Maybe its debt limit fails because of loosing the democratic majority?? I really don't know! The drawdown after 5 may come of a final bankrupt of one or more EU countries.
  • #183,142
  • Jan 20, 2010 11:26pm Jan 20, 2010 11:26pm
[quote=elixerripple;3385664]
Quoting Chicky
Is it going back to above 1.5000 or not?
If not, thanks for your reply
If yes, when?

it's now going to test 4000 i.e major support area now. from where did you buy it?
I think it may bounce off from 1.4050 or 1.3950 or 1.3750.

I bought this thing at every imaginable level from 1.5200 to 1.4200.
The Thief of Wall Street
  • #183,143
  • Jan 20, 2010 11:30pm Jan 20, 2010 11:30pm
Sry... forgot the "big picture"

Don't think rumors about Greece will stop as currently their bonds are sold wildly. Anyway Spain seems also to slip deeper in its mood.

Attached Image (click to enlarge)
Click to Enlarge Name: bild.jpg Size: 122 KB


I don't know if we will see lows of 2008, but the E/U will head down now step for step for some more days, maybe it will retrace to 50% Fib before it reaches its' 3800 correction target just to fall again back to 3800.

If you look at W1 we are in a possible wave 4 of longer term E/U uptrend. So in some months it may jump off 3800 to climb to its new 5 top.

But I guess we may have already seen the retrace last week so we are set to directly jump off 3800 to a new 5 in multiple waves maybe at around 5300 or at least in a "panic mode" to around 6000 which will create a giant double top. Maybe the US will show us soon why!? Maybe its debt limit fails because of loosing the democratic majority?? I really don't know! The drawdown after 5 may come of a final bankrupt of one or more EU countries.
  • #183,144
  • Jan 20, 2010 11:32pm Jan 20, 2010 11:32pm
[quote=Chicky;3385704]
Quoting elixerripple

I think it may bounce off from 1.4050 or 1.3950 or 1.3750.

I bought this thing at every imaginable level from 1.5200 to 1.4200.
And you're still alive?
  • #183,145
  • Jan 20, 2010 11:33pm Jan 20, 2010 11:33pm
Quoting realjumper
My analysis Chicky, suggests that it will either go up, down, or sideways. When? It's happening even as we speak.

5c

Obvious but very intelligent analysis.
How many pips down or up? Please don't bother about sideways.

One final thing - R/R.
The Thief of Wall Street
  • #183,146
  • Jan 20, 2010 11:35pm Jan 20, 2010 11:35pm
[quote=Chicky;3385704]
Quoting elixerripple

I think it may bounce off from 1.4050 or 1.3950 or 1.3750.

I bought this thing at every imaginable level from 1.5200 to 1.4200.
well at this phase we dont see 5000 area right now. if it breaks 4000 then it will b going to test 3750 area in longer term. you can add some buy positions from 3750 area and earn with retracement.
  • #183,147
  • Jan 20, 2010 11:35pm Jan 20, 2010 11:35pm
This is the result of my trendline analysis. Basically stay out until 4100-4150 is reached, then go for another good sell:


The drop from 4413 is a triple zigzag that has one more leg to complete. In anyhow tripple zig zag or a impulse, there is going to be a drop till the floor of 4000 tonight, but after that we will see a retracement to 4150 zone. In my opinion dont trade till you see some clarity. Motion after the drop to 4000 will be bound between the 2 blue trendlines.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.GIF Size: 24 KB
  • #183,148
  • Jan 20, 2010 11:35pm Jan 20, 2010 11:35pm
[quote=TheCyberCore;3385715]
Quoting Chicky

And you're still alive?
Only because of a fundamental trading principle "Keep your position sizes as small as possible".

My margin call target is at 1.2500.
The Thief of Wall Street
  • #183,149
  • Jan 20, 2010 11:36pm Jan 20, 2010 11:36pm
[quote=Chicky;3385704]
Quoting elixerripple

I think it may bounce off from 1.4050 or 1.3950 or 1.3750.

I bought this thing at every imaginable level from 1.5200 to 1.4200.
"Martingaling" will get you a fat zero account.

Best to heed and stop while you can.
  • #183,150
  • Jan 20, 2010 11:38pm Jan 20, 2010 11:38pm
Quoting Chicky
Obvious but very intelligent analysis.
How many pips down or up? Please don't bother about sideways.

One final thing - R/R.
Possibly several hundred either way......I'd like to be more specific, but for 5c.....you know?

Doing what you like is Freedom. Liking what you do is Happiness.
  • #183,151
  • Jan 20, 2010 11:39pm Jan 20, 2010 11:39pm
Quoting mfoste1
Monthy chart tells a good story.... oh and regards about the recession, i dont believe were even near the end.
If use monthly chart, I assume that 1.3800 is a transit to bull toward 1.4500, but the lowest it can go is 1.3490 at 61% fib. Okay
  • #183,152
  • Jan 20, 2010 11:42pm Jan 20, 2010 11:42pm
EU:TP1.4200 & TP3=4300
EY:TP1=130.30, TP2=131.50, TP2=132.50/70

Did posted in my blog yesterday London close

Sooner or later...in few more hr

Attached Image (click to enlarge)
Click to Enlarge Name: 4d.JPG Size: 87 KB
  • #183,153
  • Jan 20, 2010 11:44pm Jan 20, 2010 11:44pm
[quote=BurgerKing;3385735]
Quoting Chicky

"Martingaling" will get you a fat zero account.

Best to heed and stop while you can.
No. Double Martingaling and Plan B is Power Martingaling - This is what I do when stuck in wrong direction until busted. Can you change a person's nature? Can you steal lion's cub without entering into her den?.................... That's correct.
The Thief of Wall Street
  • #183,154
  • Jan 20, 2010 11:48pm Jan 20, 2010 11:48pm
Quoting realjumper
Possibly several hundred either way......I'd like to be more specific, but for 5c.....you know?

They are yet to implement 1:10 leverage rule, maybe after that I would be able to spare 5c from my account
The Thief of Wall Street
  • #183,155
  • Jan 21, 2010 12:02am Jan 21, 2010 12:02am
Quoting Chicky
They are yet to implement 1:10 leverage rule, maybe after that I would be able to spare 5c from my account
are u trading 5cent per PIP?
  • #183,156
  • Jan 21, 2010 12:05am Jan 21, 2010 12:05am
Quoting SashaP
are u trading 5cent per PIP?

Little risk little win.
  • #183,157
  • Jan 21, 2010 12:07am Jan 21, 2010 12:07am
Quoting Bantua
Little risk little win.
in this case its called WASTING ur TIME.OK BRB will take a little nap
  • #183,158
  • Jan 21, 2010 12:31am Jan 21, 2010 12:31am
There even have a broker that offer 0.001 cents per pip.
  • #183,159
  • Jan 21, 2010 12:41am Jan 21, 2010 12:41am
Hi folks. Hope you're holding up alright.

Been short since 4330. Things are good
Not all sins are created equal
  • #183,160
  • Jan 21, 2010 12:46am Jan 21, 2010 12:46am
Quoting Jay Walker
Hi folks. Hope you're holding up alright.

Been short since 4330. Things are good
of couse you have mr. advanced eur/usd

Short till 1.38
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