EURUSD

Sure it's paying off, not only to you You missed the point, but from what i've read, that's usual.

I do not listen to fundies it is all in the charts

here is dx .... not sure that high volume of friday means anyhting yet , have to wait for Monday to see reaction , however it could be hidden sellers.

If so expect some form of retrace on eu to 1.3900

i did this.. right or wrong.. i will do it again if stopped out......... at 3714 +. sl above 3723 . friday i only used 3644 on eu to determine bull or bear. it was real close to baby bull but close dont get it. so tonight i checked with eurx and usdx.. so i have to back track .. eurx said baby bull and usdx showed baby bear. that was the last reading at close.. this is not written in stone and bull eu moves have been sluggish.. at open i would not be surprised if we drop like a rock but that what i think. because of weekend realisation of what may happen. but my analysis disagrees with my thoughts st. if sushi follows up with dow, ect. rise before fridays close then my sl will be hit..

then i got to next plan.. good luck!

happy pippin.

if things change so will my sl and entrys..maybe

Morning to all , just looking from the basic as now eu in one C wave & likely end somewhere having abc or 12345 waves down and from behaviour of panic selling /strong bearish (?)in nature ( abc , no or minimal d ) it should end as early as possible .Weekly /monthly showing same patterns ,so using monthly to see .
not any specialist ,any review welcome.
fontu

good evening gator. I am still short also, I have a little less desirable position than you though. I @ 3645...was down about 40 pips @ oanda close.


Donnie

May be but not always , wave 3 must not be the smallest wave , thats all .Eu in only wave C correction & extended & we can assume it will be future wave 3 and yet may not.C extension can 1.618.4 times higher than 1-4 wave ( within c only) length. If wave 3 down unfold (may through zigzag complex still a pure future .4 as X , abc as 5 ) wave 4 market will wait 5th end when it will be only wave A , next B & C for next wave UP big.

One thing you should understand this correction is totally unpredictible to any or all traders in the world.

fontu

does anyone know a good trading site?
Really appreciate it thanks

forexnewbie1

Looking for an indicator that draws fibs,pivots and s/r lines automatically.Please post.Appreciated.

ECB's Trichet says confident on Greek budget plan

Trichet said in a statement that euro area members of the G7 gave an updat
to the group on Greece's efforts to ensure fiscal sustainability and would closely monitor the implementation of Greece's stability program.
"Let me reiterate the position of the ECB: the governing council approves of the medium-term goal that has been fixed by the Greek government to get the public deficit to less than 3 percent of GDP in 2012," the statement said.
"We expect and we are confident that the Greek government will take all the decisions that will permit it to reach that goal that I reiterated." (Reporting by Jan Strupczewski; writing by Jeffrey Hodgson; editing by Peter Galloway)

is this good for EUR?

short term will reduce the pressure over the currency ,,,

Still Bearish !

Hope they will help you shortcut things .Try understand & use them at your own risk.
fontu

Thank you!

Is that a Bearish butterfly? What timeframe?

Mention not , welcome .
fontu

Well ...

You must not be confused by that - that are only "indicative price levels" from different (for the REAL FOREX MARKET insignificant ONLINE BROKER COMPANIES) finance services - with low level connections to the INTERBANK NETWORK...

These prices or rates are not representative for a scientific method of approach to the FOREX MARKET - as they do only show the price action that a certain tiny online company has had with its customers prior to closing its vendor's tray - for a few tiny insignificant "LOTS"...

I tried to explain that many times before - as some of you guys mentioned that they have seen "GAPS" after the week-end - and so on - and so on...

A real participitiant does not trade with such companies...

Real FOREXIANS do not trade with "LOTS" - they are with connections via MULTIDESK SERVICES and real INTERBANK MARKET SERVICES...

In other words - they do benefit from all prices or rates - that any so-called BROKER or so-called BANK might provide at a specific moment of time...

But if you want to do that - then the absolute minimum of an order size is still "ONE MILLION EQUIVALENT" - and then you still need a service that can give you that kind of market connection (ALL OVER THE MARKET) consistently and without any kind of silly or ugly argumentation...

Those "MODERN INTERNET KLITSCHEN" can not provide you with that...

Some do close their "hawker's tray" earlier - some do nothing or just sitting there twiddle their thumbs - or waiting for your so-called ORDERS to be watched - or what ever - flirting with some of the secretaries from back-office - while you guys are pulling the triggers on a late FRIDAY AFTERNOON for a few bucks there...

That should explain you - why they do show you some different prices at that time...

But that has no meaning to the REAL PARTICIPITIANTS of the FOREX MARKET...

If you have had some benefit from that - accidentially - then smile and feel fine...

If not - no reason to be angry about...

INTERBANK MARKET is connected directly to IMM and all authorities and all binding BANKS and FOREX INSTITUTIONS and all essential providers of prices, rates or quotes...


AND MARKET CLOSED AT 1.3673-75 at FRIDAY



LAST INTERBANK RATE ! ! !



AND it will re-open today in less than 10 hours - while your ONLINE BROKERS do not plug in their DATA FEED - because they do not feel funny enough to do so - for a few "MINIPIPPERS" and their beloved "LOTS"...

Online BROKERS can't do that...

That is the way it was so - that is the way it is - and that is the way it ever will be...



But anyway - closing was at the prices as follows:



1.3673-75 at FRIDAY



SOURCE:


REUTERS INTERBANK DEALING DESK

not less than 500pips each for EU & GU...mm love it...just miss GY as am stop at 144 and EY as well...

Just posted GU & EU view in my blog.....

Good luck for those who take bear from last 2 week...especially gold

My gold? dont ask from 1150&1096... TP1=1070 n misss 2 dollar from TP2.
How many pips? mm...love my gold so much

Possible retracement....
a. Fib target hit 161.8
b. Fib expansion hit FE 100
c. RSI (9) oversold
d. High volume pin bar
e. MS1

??

impulse is in 5 waves correction in 3 waves if c is finished in 5waves shown in chart then correction abc is finished . this is only one way of counting cause one could say that the abc could be 123 thats valid as well .

they woke me up thx