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  • #195,001
  • Feb 12, 2010 5:38am Feb 12, 2010 5:38am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Z3iz3i
Couple of options...

Direct drop from here to 1.3483 without some retrace, i doubt...might happen in NYC session...

Gold might be played up to triangle's upper wall and then set to drop from 1089 or 1086.

Another thing what cable does because it looks weak and might drop to test low at ~1.5530...that will take eur/usd down.
I also expected a lil more retrace after that drop. We just had a new low - by some pips. But not sure it is going to dive yet.
Most of the times I enter trades at that point...The retrace does come and I am in the negatives first...
So today I just pretend to have clicked SELL now
"Blue Horseshoe loves Anacott Steel!"
  • #195,002
  • Feb 12, 2010 5:39am Feb 12, 2010 5:39am
great job! this is Luk's line and trade
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  • #195,003
  • Feb 12, 2010 5:49am Feb 12, 2010 5:49am
Quoting Tuner
I also expected a lil more retrace after that drop. We just had a new low - by some pips. But not sure it is going to dive yet.
Most of the times I enter trades at that point...The retrace does come and I am in the negatives first...
So today I just pretend to have clicked SELL now
Yep, if i am not totally mistaken, retrace tries to reach 1.3605...could be wrong
They think they are smarter than I am.
  • #195,004
  • Feb 12, 2010 5:52am Feb 12, 2010 5:52am
this is my view now.... this is 4h chart
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  • #195,005
  • Feb 12, 2010 5:56am Feb 12, 2010 5:56am
A case for divergence here imo: could see a small rise.
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  • #195,006
  • Feb 12, 2010 5:58am Feb 12, 2010 5:58am
I do not mind that you copying text from "FXPRO" members "Trading central" technical analysis, but be so kind, don't note that is from "forex.yourblog.biz", that's not fair...

Quoting JekK
Pivot: 1,3735.
Preference: SHORT positions 1.3725 with targets 1.364 and 1.3585.
Alternative scenario: the penetration of 1.3735 will require up 1,379 and 1,384.
Comment: The pair remain under pressure and must face the weakness of its next support.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1,384 Intraday resistance
1,379 Intraday resistance
1,3735Intraday Pivot Point
Last 1.3664
1,364 Intraday support
1,3585Intraday support
1,3525Intraday support

by: http://forex.yourblog.biz/
  • #195,007
  • Feb 12, 2010 6:07am Feb 12, 2010 6:07am
Quoting tahshoon
this is my view now.... this is 4h chart
i had that view a month ago *S*
those who can, do. those who cant, talk about those who can
  • #195,008
  • Feb 12, 2010 6:11am Feb 12, 2010 6:11am
Quoting tahshoon
this is my view now.... this is 4h chart


Hmmm...


That is a monthly chart - or not ? ! ! !
  • #195,009
  • Feb 12, 2010 6:12am Feb 12, 2010 6:12am
Quoting gatorinla
i had that view a month ago *S*
im glad if my view is close to urs,even u have it from a month ago ...very nice
  • #195,010
  • Feb 12, 2010 6:13am Feb 12, 2010 6:13am
Quoting redsheriff
Hmmm...


That is a monthly chart - or not ? ! ! !
its 4h chart ,i mentioned that ...
  • #195,011
  • Feb 12, 2010 6:15am Feb 12, 2010 6:15am
Catching the knife...anyone?
Long at .3535. Using and excellent RRR, this one won't hurt much.
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  • #195,012
  • Feb 12, 2010 6:17am Feb 12, 2010 6:17am
Quoting Fx-Freire
anybody see a bounce??? at what point?
im thinking of e possibility of a major rebound at ard 1.305 - 1.325. if e support holds tt is also have to depend where are e economies at fundamentally at tt point in time. else it'll break down.
  • #195,013
  • Feb 12, 2010 6:18am Feb 12, 2010 6:18am
Quoting tahshoon
its 4h chart ,i mentioned that ...

Well - yes - you mentioned...

That's why I was asking you...

But look at your chart...

It shows MONTHLY CANDLES...

Price action from EURUSD from its HIGHS above 1.60 levels and so on...


;-)
  • #195,014
  • Feb 12, 2010 6:19am Feb 12, 2010 6:19am
I did take a break from trading this week. i did follow the markets but only traded yesterday. All good.

I shouldnt beat myself over this spike. I think my entry for a long at 1.3580 wasnt a bad call. Could have taken a small 10pip profit....Most indicators showed oversold at that point.

Guess thats the market.

It just seems that Euro is being effected too much by market speculation and surprised news. Going long with this country no matter how good the setup seems just adds up losses.

Is the market usually this volatile during the beginning of the year?

I am seriously considering quiting this pair for a while.

GPYJPY seems to provide much better setups these days. Better retracements.
  • #195,015
  • Feb 12, 2010 6:20am Feb 12, 2010 6:20am
Quoting TheLastCoke
Catching the knife...anyone?
Long at .3535. Using and excellent RRR, this one won't hurt much.
You should be ok with small risk Watch 1.3605....

...what i see was that bulls were trying to play "dragon" there, but resistance was too much and it came through the floor. Now they are trying to cover that which is actually 50% of the move in 30min chart and at the same time where bulls tried to punch through the RSI but failed big time

But things change all the time...
They think they are smarter than I am.
  • #195,016
  • Feb 12, 2010 6:20am Feb 12, 2010 6:20am
Quoting TheLastCoke
Catching the knife...anyone?
Long at .3535. Using and excellent RRR, this one won't hurt much.
what is RRR?
PIP IS REALLY A PIP WHEN IT IS GAINED AND NOT LOST...
  • #195,017
  • Feb 12, 2010 6:23am Feb 12, 2010 6:23am
Quoting tahshoon
this is my view now.... this is 4h chart
Quick scalp

Long EU,EJ,AUDUSD,CABLE
SHORT USDCHF
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #195,018
  • Feb 12, 2010 6:23am Feb 12, 2010 6:23am
i dont think move is over. when u.s market opens s&p may tank.. but as always i dont have a clue. its about probabilitys.. so IF we do pull back and respect is given to 3591.. we may c 3650 ...this is baby bull numbers...... i dont think it will happen. but this should be the path if it does.. if the red and yellow charts posted earlier charts are respected. its still in bear mode..
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those who can, do. those who cant, talk about those who can
  • #195,019
  • Feb 12, 2010 6:23am Feb 12, 2010 6:23am
Quoting TheLastCoke
Catching the knife...anyone?
Long at .3535. Using and excellent RRR, this one won't hurt much.
Excellent.

You can wear my lucky tee!
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  • #195,020
  • Feb 12, 2010 6:24am Feb 12, 2010 6:24am
Quoting redsheriff
Well - yes - you mentioned...

That's why I was asking you...

But look at your chart...

It shows MONTHLY CANDLES...

Price action from EURUSD from its HIGHS above 1.60 levels and so on...


;-)
looks like monthly chart,yes..but, its a compressed chart,this the way it acts ...i decompressed chart 5 times to make it as u see ...
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