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  • #201,301
  • Feb 23, 2010 1:41pm Feb 23, 2010 1:41pm
Quoting SkyzerFX
higher high/higher low. Next 1.3725+
On what timeframe?
  • #201,302
  • Feb 23, 2010 1:42pm Feb 23, 2010 1:42pm
Quoting PriceVolume
You're assuming that the downward move is finished. I wouldn't be so sure. You might not wind up with your "higher low". Time will tell. I've been looking for a more significant pullback in the downtrend....hasn't happened yet.
and everyone has their own time frames they use. EU 4HR has clear lower low's and lower highs, if u don't look through it with a distorted lense.
  • #201,303
  • Feb 23, 2010 1:43pm Feb 23, 2010 1:43pm
Quoting SkyzerFX
higher high/higher low. Next 1.3725+
this isn't a higher low yet...
  • #201,304
  • Feb 23, 2010 1:44pm Feb 23, 2010 1:44pm
Quoting PriceVolume
You're assuming that the downward move is finished. .
Yes, I assume final bottom is between 1.34-1.36 +- area.

WE might going to get few pips down more before Market close and that

be it. And tonight we might hit 1.37 again easy, who knows.
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  • #201,305
  • Feb 23, 2010 1:46pm Feb 23, 2010 1:46pm
Quoting SkyzerFX
Yes, I assume final bottom is between 1.34-1.36 +- area.

WE might going to get few pips down more before Market close and that

be it. And tonight we might hit 1.37 again easy, who knows.
why are you bullish on usd? fundamental or technical?

thnx
  • #201,306
  • Feb 23, 2010 1:47pm Feb 23, 2010 1:47pm
Quoting TudorJonesJR
why are you bullish on usd? fundamental or technical?

thnx

fundamental or technical? suicidal?
  • #201,307
  • Feb 23, 2010 1:48pm Feb 23, 2010 1:48pm
Quoting Clouds
when i said forget about 2.43, i meant, don't use that for trend line. i dont have access to EUR index, to draw lines, so i was just trying to tell u how i would view it. anyway, this move doesn't have much to do with EUR, and more to do with USD.
Have you taken a look at my other charts?
I've posted the USD index too...
Yes, both EUR and USD are in the right cycles to make a nice down in EURUSD pair... why? EUR went down the channel's bottom... USD went up the channel's top... USD is moving faster, yes. It seems to be more volatile...
About my trendline, it comes from far back since 2.4550 high...
Here are the charts, with your lines, and mines...
Yours is still valid. If my channel don't stop it, then the next target would be yours.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro.gif Size: 21 KB
Click to Enlarge Name: euro.jpg Size: 80 KB
  • #201,308
  • Feb 23, 2010 1:48pm Feb 23, 2010 1:48pm
Quoting SkyzerFX
Yes, I assume final bottom is between 1.34-1.36 +- area.

WE might going to get few pips down more before Market close and that

be it. And tonight we might hit 1.37 again easy, who knows.
Maybe, but after 1.34. Then maybe only 1.3650, but doubtful anything will happen till next session, but this session has been crazy so never know
  • #201,309
  • Feb 23, 2010 1:48pm Feb 23, 2010 1:48pm
Quoting TudorJonesJR
why are you bullish on usd? fundamental or technical?

thnx

don't mind him... hez always like that... but as time is passing... im having the same sentiments as him...
  • #201,310
  • Feb 23, 2010 1:49pm Feb 23, 2010 1:49pm
Quoting SkyzerFX
Yes, I assume final bottom is between 1.34-1.36 +- area.

WE might going to get few pips down more before Market close and that

be it. And tonight we might hit 1.37 again easy, who knows.
Do you have any technical reason to assume this is the bottom? I see some longer term trendlines that are likely to have an impact, same with some longer term fibs......but that doesn't mean we're at the bottom. I would agree, however, that we are overdue for a more significant pullback in the downtrend (according to a daily chart).
  • #201,311
  • Feb 23, 2010 1:50pm Feb 23, 2010 1:50pm
Quoting cunha
this isn't a higher low yet...
For shorts no, of course as they stocking Dollars in the closet and waiting for 0.95, and for me yes, it's

a higher low:
Attached Image (click to enlarge)
Click to Enlarge Name: eu_hl.jpg Size: 97 KB
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  • #201,312
  • Feb 23, 2010 1:50pm Feb 23, 2010 1:50pm
Quoting cacus
Have you taken a look at my other charts?
I've posted the USD index too...
Yes, both EUR and USD are in the right cycles to make a nice down in EURUSD pair... why? EUR went down the channel's bottom... USD went up the channel's top... USD is moving faster, yes. It seems to be more volatile...
About my trendline, it comes from far back since 2.4550 high...
Here are the charts, with your lines, and mines...
Yours is still valid. If my channel don't stop it, then the next target would be yours.
what kind of indicator is that? I thought i.clouds are supposed to cross each other... If it's not a standard indicator would you mind sharing it providing it's a mt4?
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #201,313
  • Feb 23, 2010 1:50pm Feb 23, 2010 1:50pm
Nice drop overnight (NZ time) and all shorts in profit. Closed 2 of them, one still running but I might close it soon depending on what happens next. very interesting.....especially for a "punk currency"........lol
Doing what you like is Freedom. Liking what you do is Happiness.
  • #201,314
  • Feb 23, 2010 1:53pm Feb 23, 2010 1:53pm
Quoting cacus
Have you taken a look at my other charts?
I've posted the USD index too...
Yes, both EUR and USD are in the right cycles to make a nice down in EURUSD pair... why? EUR went down the channel's bottom... USD went up the channel's top... USD is moving faster, yes. It seems to be more volatile...
About my trendline, it comes from far back since 2.4550 high...
Here are the charts, with your lines, and mines...
Yours is still valid. If my channel don't stop it, then the next target would be yours.
thanks, yea , EUR is actually gaining against some currencies, so it's hard think what EU will do based on that index.
  • #201,315
  • Feb 23, 2010 1:58pm Feb 23, 2010 1:58pm
"This week the market will go up!!! I'm Long!!!"
*drops 200 pips*

"This week the market will go up!!! Shorts are all crazy!!! We'll see 1.4200!!! Entered more Longs!!!"
*drops another 200 pips*

"This week the market will go up!!! More Longs!!!"
*drops another 100 pips*

...2 months of continued down move later...

"This week the market will go up!!!!"
*moves up 300 pips*

"I told you so!!!!!"

Well... keep calling Longs because sooner or later, you'll get it right, few weeks, months, or years, but you'll get it right one of the weeks if you keep calling it every week to Long. As with how much you've lost up until then or how much good profits missed by the time it finally happens is unknown, but sooner or later, you'll make the right call.

I come to this thread to read, but more of for laughs as there will always be jokers who post each day that makes me laugh. I really do wonder how many beginner traders have lost money due to following calls being posted all the time here that never have much information or chart to back up those calls, or from people who kept making bad calls over and over again? Don't get me wrong though, there are some great charts being posted here on a daily bases too, but there will always be someone who would make calls without any chart or reasoning to back it up.

Bottom line, trust your own charts, otherwise, go put your money in your savings account, you'll have a better chance to make a decent profit there.
  • #201,316
  • Feb 23, 2010 1:59pm Feb 23, 2010 1:59pm
maybe now its going up
Attached Image (click to enlarge)
Click to Enlarge Name: EUM5.gif Size: 21 KB
Follow the Trend, thats all
  • #201,317
  • Feb 23, 2010 2:02pm Feb 23, 2010 2:02pm
Entered small short position at 1.3525, mostly to be there in case of continuance on the drop. As always, Jacko's anti-hedging strategy is on the backburner in case I'm wrong.
  • #201,318
  • Feb 23, 2010 2:03pm Feb 23, 2010 2:03pm
Quoting england33
what kind of indicator is that? I thought i.clouds are supposed to cross each other... If it's not a standard indicator would you mind sharing it providing it's a mt4?
It's a range channel indicator, shows with nice precision OB/OS areas, i coded it long ago but recently modified it a bit.
And sorry but i prefer to keep it with me. I think i've shared enough already in the past.
Sorry again.
Regards.
  • #201,319
  • Feb 23, 2010 2:03pm Feb 23, 2010 2:03pm
longs can't even take out 3527
  • #201,320
  • Feb 23, 2010 2:03pm Feb 23, 2010 2:03pm
Quoting Nobitacu
Well... keep calling Longs because sooner or later
It's all depends on the TF, if you going to SELL EU every time it moves up 200

pips you going to make money, if you going to BUY EU when it moves down

200 pips you going to make money as well. And people do exactly appositive

Short now here and tomorrow you going to be in loss.


Buy EJ today, At least on the DEMO account and check it out in 2-3 days

I bet it's going to be + 100-200 pips. Every time Currency sharply drop

through S3 line, it's a buy! and every time it rises above R3 it's a sell.
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