Attachments: EURUSD

EURUSD

#184,881
Jan 26, 2010 2:33am Jan 26, 2010 2:33am

Blacknightz
| Joined Jan 2010 | Status: Trader | 517 Posts

Quoting fontu

Disliked

I think , W , a bear continuation set up & so next it will try go to the base again & if fail will continue up . This up from d can be at any level inbetween top & bottom . just my idea, still continue taking shorts as I do not think that price actually bounce from 1.4074 without retesting it or more down.
fontu

Ignored

1.4050? then bounce backz up is wat im seeing...

#184,882
Jan 26, 2010 2:38am Jan 26, 2010 2:38am

Trading Cat
Joined Oct 2008 | Status: Trader | 3,473 Posts

my 15min chart shows such a beautifull double top one could fall in love with

.
As usual I was sleeping my alarms woke me up at 4 am but I had been lazy and didnt get to my computer. Anways will take a short when 1.4070 is taken after the news.

Trade on your own risk Plan your trade&trade your plan dont be a

#184,883
Jan 26, 2010 2:43am Jan 26, 2010 2:43am

kilalik
| Joined Jan 2010 | Status: Trader | 685 Posts

Hi ALL! I'm back from my Big Bear trip there was about 8 feet of snowfall the day I got there... Was so beautiful, spent some pips there...

How's everyone doing?

I'm seeing the W formation too, will go long at around 4070 area.

But I think G/U is a better pair to be trading or better yet G/Y.

#184,884
Jan 26, 2010 2:46am Jan 26, 2010 2:46am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,418 Posts

Quoting Blacknightz

Disliked

1.4050? then bounce backz up is wat im seeing...

Ignored

This leg down to 1.4075 or to 50 is C & should go for D for final break down below low if possible.One spike up expected before the final fall.
fontu

Attached Image

Not understand?better not follow my analyses!doubt clearer first, risks ++

#184,885
Jan 26, 2010 2:52am Jan 26, 2010 2:52am

Blacknightz
| Joined Jan 2010 | Status: Trader | 517 Posts

appreciate the tip fontu.....

thank u!

#184,886
Jan 26, 2010 2:56am Jan 26, 2010 2:56am

sierra
| Joined Jan 2007 | Status: Forex Newbie | 292 Posts

Quoting fontu

Disliked

This leg down to 1.4075 or to 50 is C & should go for D for final break down below low if possible.One spike up expected before the final fall.
fontu

Ignored

that's exactly what i'm seeing right now and i did post my chart from earlier post.. but you using AB CD and i'm using ew. but i might be wrong..

Be a sniper not a jumper

#184,887
Jan 26, 2010 2:56am Jan 26, 2010 2:56am

Matt99
| Joined Dec 2009 | Status: Trader | 388 Posts

no drop to 1.403 to create a W on 4H?

#184,888
Jan 26, 2010 3:00am Jan 26, 2010 3:00am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,418 Posts

Quoting Blacknightz

Disliked

appreciate the tip fontu.....

thank u!

Ignored

Thanks , just I take bull & bear set up at every place & the leg actually after the d hhave reached either go pure bear or bull side determining the nett bull or bear that again can have influence of news /fundaments at that time as to how far the length will be. & most risky part. before D it should easy trading.
fontu

happy to see price going up smoothly . as I am bear now it may fdall hard too to 1.4074 or more down..again I will need some luck from fundamentals not being astray.

Not understand?better not follow my analyses!doubt clearer first, risks ++

#184,889
Jan 26, 2010 3:03am Jan 26, 2010 3:03am

Shad
| Additional Username | Joined Dec 2009 | 244 Posts

Buy Area

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* Never Trust To Any Indicator *

#184,890
Jan 26, 2010 3:09am Jan 26, 2010 3:09am

nawafasad1
Joined May 2009 | Status: Trader | 2,162 Posts

Quoting fontu

Disliked

This leg down to 1.4075 or to 50 is C & should go for D for final break down below low if possible.One spike up expected before the final fall.
fontu

Ignored

may be this way as well

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#184,891
Jan 26, 2010 3:09am Jan 26, 2010 3:09am

Matt99
| Joined Dec 2009 | Status: Trader | 388 Posts

Quoting Shad

Disliked

Buy Area

Ignored

Target?

#184,892
Jan 26, 2010 3:11am Jan 26, 2010 3:11am

kilalik
| Joined Jan 2010 | Status: Trader | 685 Posts

So the EU data is good, but the has very little effect on up trend, which should of been better than what happened, the down trend strength is out-weighting the up trend. Very tricky moment, staying out until the UK data release at 9:30, which I think would have a better impact on the price levels, my money is on the G/U to go higher and E/G to move lower creating new lows, which can only mean 1 thing for E/U to move down with the E/G... I will also protect my trades with G/Aud in case the UK data coming out weak.

Good luck to you all, Protect your trades or reverse them in case of wrong position taken. Works really good to bring back the losses.

#184,893
Jan 26, 2010 3:13am Jan 26, 2010 3:13am