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  • #184,961
  • Jan 26, 2010 7:53am Jan 26, 2010 7:53am
gold daily for real traders showing s/r levels based on 4 hour chart

1081..60 breaks , 1080 then 1073.xx then 1055

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  • #184,962
  • Jan 26, 2010 7:54am Jan 26, 2010 7:54am
Quoting Razor_trader
That would be a question of position size and risk control. If you were trading 10 standard lots (ave of about $800) you would more than likely do the same thing. 8 pips may seem insignificant to some because they are trading pennies but to others it may be a case of owning the car wash.

Razor
you r right i didnt mean that it was merly a reply to what he put to me tic for tac
  • #184,963
  • Jan 26, 2010 7:55am Jan 26, 2010 7:55am
i have a long set for 10 pips at 1.4028

That has proven to be quite a strong support before and the previous weeks low!

Until that point is reached im sitting tight and trying to master the dynamics of the poundyen:-)
  • #184,964
  • Jan 26, 2010 8:02am Jan 26, 2010 8:02am
Quoting malcolmb14
eu is under the lower value area of yesterday. Looks like it has been basing overnight in the 1.4075 zone BUT for me as long as price remains under the lower value area of yesterday it means that pros are willing to sell it at a lower price and remains bearish

Gold as posted yesterday I am still holding the sell off 1110 , was dicey there for a while but stop was not hit , we have a lovely double top on the 4 hr at 1104 with current down side target test of recent lows 1081. IF gold breaks this then down to 1050 is next move.

Attachment ...
its falling one brick at a time.. and it looks like the time is close.
those who can, do. those who cant, talk about those who can
  • #184,965
  • Jan 26, 2010 8:03am Jan 26, 2010 8:03am
eux new low..since may... eu may have a little bump at 54..
those who can, do. those who cant, talk about those who can
  • #184,966
  • Jan 26, 2010 8:07am Jan 26, 2010 8:07am
Quoting nawafasad1
are you saying its going down to 1.38 area with the fib ext . i dont know what fib ext you use to get this no. may be 261.8% fib which will be invalid on w3 - w4 ext and its more likely to be 127- 161.8%fib ext which will be at 1.4- 1.3950
The 2 most important next levels are the 38.2 and 61.8 price extension of the drop from 5145 to 4213

38.2 price extension is 1.3857
61.8 price extension is 1.3637

Because on the daily chart the 38.2 retracement came to 4577, most probably the likeliest target before a turnaround is 1.3637.
  • #184,967
  • Jan 26, 2010 8:07am Jan 26, 2010 8:07am
EURO-DOLLAR: Eases to a marginal fresh low around $1.4060 in the wake of
the Case-Schiller data but momentum thus far lacking despite the earlier
chatter of stops positioned below $1.4065. One trader suggesting support
at $1.4050 area key for some, MNI Techs reminds this is the base of the
daily Bollinger band, with further demand interest eyed at $1.4030.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #184,968
  • Jan 26, 2010 8:08am Jan 26, 2010 8:08am
lets take this damn 60 and dive like the titanic, please please
  • #184,969
  • Jan 26, 2010 8:16am Jan 26, 2010 8:16am
Aussie just tested 0.8945, this needs to break to move further down.
  • #184,970
  • Jan 26, 2010 8:18am Jan 26, 2010 8:18am
Adding at .4020's

http://www.forexfactory.com/showpost...stcount=184846
  • #184,971
  • Jan 26, 2010 8:19am Jan 26, 2010 8:19am
MNI EURO-DOLLAR TECHS: Bears Eye Recent low At 1.4032 Initially
RES 4: $1.4335 21-day moving average
RES 3: $1.4320 200-Day moving average
RES 2: $1.4218 Low 22 Dec
RES 1: $1.4195 High 25 Jan
CURRENT LEVEL: $1.4065
SUP 1: $1.4032/43 Low 21 Jan, Daily Bollinger band base
SUP 2: $1.4009/17 Low 29 Jul, 50% retrace of April/Dec rally
SUP 3: $1.3925 Minor support line 3 Nov
SUP 4: $1.3801/25 50% retracement of March/Dec rally, Low 22 June
COMMENTARY: Euro back on the ropes with bears eyeing a break below
recent low at $1.4032. Break below here favours move to $1.4017 -- 50%
of the $1.2889 to $1.5144 rally. On longer-term charts, the risks are
seen skewed to $1.3736 -- the 50.0% of the Oct 2008 to Nov 2009 rally.
The daily studies are bearish and support move lower.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #184,972
  • Jan 26, 2010 8:25am Jan 26, 2010 8:25am
touched the nest support level 1.4054...


didnt believe it would go this far...
  • #184,973
  • Jan 26, 2010 8:26am Jan 26, 2010 8:26am
Quoting gatorinla
lets c if 4111 lets us pass.. if so st as in a day targets are the white lines.. we may overshoot bottom line st about 12 pips then return to c line one line above or before it keeps bear move valid if this happens.

unlikely but i cant rule out 4250 as long as 4139 is respected..
waiting.. little bounce expected at white line. before continue.. the less the bounce the stronger the move
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those who can, do. those who cant, talk about those who can
  • #184,974
  • Jan 26, 2010 8:28am Jan 26, 2010 8:28am
Quoting gatorinla
waiting.. little bounce expected at white line. before continue.. the less the bounce the stronger the move
right now, the bounce does not appear to be too strong though.
  • #184,975
  • Jan 26, 2010 8:29am Jan 26, 2010 8:29am
Quoting gatorinla
waiting.. little bounce expected at white line. before continue.. the less the bounce the stronger the move
Gator do you think thata a less than expected consumer confidence data could be a threat to the bearish move today?
  • #184,976
  • Jan 26, 2010 8:31am Jan 26, 2010 8:31am
Quoting TheLastCoke
Adding at .4020's

http://www.forexfactory.com/showpost...stcount=184846

not telling you how to trade but check your daily and that rather large down candle on daily , that may well have follow thru for next 48 hours.

just make sure correct mm is there


also we are under low value area of yesterday and I have one strict rule that has stopped me from losing money is I will not go long unless we are above the value area of the prior days

however this does look like a reasonable place to try a risky long. I wouldn't as the odds are stacked against me right now , today is a sell rallies day

If pros want lower prices they will mark down thru support rapidly , this may happen thru US or asia.

If price gets back above 1.4130 then comes back to it on a low vol test then and only then would i go long
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  • #184,977
  • Jan 26, 2010 8:33am Jan 26, 2010 8:33am
Quoting malcolmb14
not telling you how to trade but check your daily and that rather large down candle on daily , that may well have follow thru for next 48 hours.

just make sure correct mm is there


also we are under low value area of yesterday and I have one strict rule that has stopped me from losing money is I will not go long unless we are above the value area of the prior days

however this does look like a reasonable place to try a risky long. I wouldn't as the odds are stacked against me right now , today is a sell rallies day

If pros want lower prices...
Thanks for the advice, I am a long term bear aswell.
  • #184,978
  • Jan 26, 2010 8:39am Jan 26, 2010 8:39am
Gold 10$ higer and €/$ still down !?

Can somebody explain me ?
  • #184,979
  • Jan 26, 2010 8:40am Jan 26, 2010 8:40am
Quoting Mr Hatch
right now, the bounce does not appear to be too strong though.
got a bigger one at 50.. but we have passed here before not long ago. so it may not be too bad.. but it is a huge level....on a big chart.. time will answer the riddle..
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those who can, do. those who cant, talk about those who can
  • #184,980
  • Edited 8:55am Jan 26, 2010 8:42am | Edited 8:55am
Quoting gatorinla
waiting.. little bounce expected at white line. before continue.. the less the bounce the stronger the move
still bear seems strong enough to continue , may be next sr 1.4038. price stalls over 1.4050 & so have some pending buy activated last at 1.4053.next are at 38,42 level. Risking long perhaps when sky is falling!.
fontu
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