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EURUSD

  • #202,081
  • Feb 24, 2010 3:10pm Feb 24, 2010 3:10pm
Be ready for some major moves in the next couple of days
  • #202,082
  • Feb 24, 2010 3:14pm Feb 24, 2010 3:14pm
Look at this 78.6 retracement. It developed into a FE 100.0

Attached Image (click to enlarge)
Click to Enlarge Name: h41.gif Size: 18 KB


Now we had another 78.6 retracement. Will it develpo into a FE 100.0 (.3735)?

Attached Image (click to enlarge)
Click to Enlarge Name: h42.gif Size: 16 KB


Backing up my longs there is also a three drives formation.

http://www.forexfactory.com/showpost...stcount=201572
  • #202,083
  • Feb 24, 2010 3:14pm Feb 24, 2010 3:14pm
Quoting vinesh2
Be ready for some major moves in the next couple of days
Could you elaborate as to what might be the cause(s) for major moves in the next couple of days please?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #202,084
  • Feb 24, 2010 3:15pm Feb 24, 2010 3:15pm
Quoting vinesh2
Be ready for some major moves in the next couple of days

do you mind elaborating
  • #202,085
  • Feb 24, 2010 3:17pm Feb 24, 2010 3:17pm
Hi lawgirl21

I dont know Jackos AH method

Do You mean this http://www.forexfactory.com/showthread.php?t=47342 ?

Thanks



Quoting lawgirl21
Jacko's AH method has saved my bacon a few times also. Good stuff!
Follow the Trend, thats all
  • #202,086
  • Feb 24, 2010 3:27pm Feb 24, 2010 3:27pm
Been drawing lines, possible new channel forming, of course need to break the ascending TL first then possibly target the bottom of the channel. Thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: eu2_24.JPG Size: 40 KB
This is what awesome feels like
  • #202,087
  • Feb 24, 2010 3:32pm Feb 24, 2010 3:32pm
Daily TF Looks like down hill may be slowing or going sideways for a while like in Dec & Jan.. As always time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 33 KB
  • #202,088
  • Feb 24, 2010 3:38pm Feb 24, 2010 3:38pm
Looks to me a shooting star on daily candlestick..still some hours of light trading left
  • #202,089
  • Feb 24, 2010 3:46pm Feb 24, 2010 3:46pm
Longing euro again. I think this time it will break ur upper channel.
  • #202,090
  • Feb 24, 2010 4:04pm Feb 24, 2010 4:04pm
Quoting kingfisher
Looks to me a shooting star on daily candlestick..still some hours of light trading left
I think the right word is inverted hammer and that is a bullish signal...
  • #202,091
  • Feb 24, 2010 4:07pm Feb 24, 2010 4:07pm
Quoting gatorinla
hmmm dont know i just try to follow the steps it takes. and antisipate them.. this one is from october (levels only).. youl get a bounce around the last line.. plus slip. at least i antisipate this. on its way to 1.o4xx plus slip. but you have to remember im not scalping (mostly).. im long term trading with exits where i precieve we will bounce. then re-enter where i think bounce will take me. but i also have long term ones i rarely touch..
nice charts thanks.
don't like scalping at all. but from the moment we reach 1.36 lost my patience on the short side and took some trades both trend and counter.

anyway, more we stay at this 1.35-1.36 area the bigger the move that comes after.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #202,092
  • Feb 24, 2010 4:07pm Feb 24, 2010 4:07pm
Quoting gatorinla
watch video.. this explains what happend. now this will be cut out. so u.s. will no longer fund foreign banks on the back of its citizens. this explain how directly and indirectly euro was pumped up to 1.6. it explains how u.s. funded china's industry indirectly through other foreign investors. this explains dow 14K. it explains 147 oil. . it shows where we were then.. it explains how if money is no longer made easy for foreign banks. it explains why we will drop. it explains why it will just get harder for euro to survive without support...
saved. thx as usual Gator
  • #202,093
  • Feb 24, 2010 4:11pm Feb 24, 2010 4:11pm
Quoting gatorinla
watch video.. this explains what happend. now this will be cut out. so u.s. will no longer fund foreign banks on the back of its citizens. this explain how directly and indirectly euro was pumped up to 1.6. it explains how u.s. funded china's industry indirectly through other foreign investors. this explains dow 14K. it explains 147 oil. . it shows where we were then.. it explains how if money is no longer made easy for foreign banks. it explains why we will drop. it explains why it will just get harder for euro to survive without support...
yup, i know the video. that's why they would never audit the FED.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #202,094
  • Feb 24, 2010 4:13pm Feb 24, 2010 4:13pm
Quoting forexmick
I am trying to add this 3590 short to my long term shorts but the little shite won't stay down
Now the little basterd is going down, i hope.
  • #202,095
  • Feb 24, 2010 4:26pm Feb 24, 2010 4:26pm
Quoting DMA Trader
yup, i know the video. that's why they would never audit the FED.
where can I watch the video...?
  • #202,096
  • Feb 24, 2010 4:28pm Feb 24, 2010 4:28pm
Quote
I think the right word is inverted hammer and that is a bullish signal...

Yes it is a inverted hammer on daily candle and it is a bullish signal as per the candlestick terminology.
  • #202,097
  • Feb 24, 2010 4:29pm Feb 24, 2010 4:29pm
The main angle of attack for this whole drop, all the way to more lows is the red trendline. All other motions will shift one way or the other on different trendlines drawn parallel to the red trendline and react downwards from there.

Too much hestitaion always means that things wont happen as you thought they will happen

So alternate possibilities and motions have to constantly be explored.

After 3692 (23.6 fib, refer to diagram) got hit, we did not see a whole lot of thrust and desire to penetrate lower and break the low of 3444. This means that 23.6 fib is not the turning point, so where is it?

For now its best to stand aside and pull back our pending orders at 3590 and 3660, because if our original 23.6 (3690) was the turning point we should have seen a touch to 3590 and the 3500 low should have broken and we should have been now at 3480 region. Well this hasnt happened and we are not there yet.

So it seems that the EUR is thinking of a higher target. there is a small channel developing here (shown in orange) that is leading to 3750 region. Until it is clear what the EUR is doing in that channel and why its respecting trendlines on that channel we should hold off trading and check back in 6-12 hours and see whats happening.

Good Luck
Attached Image (click to enlarge)
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  • #202,098
  • Feb 24, 2010 4:31pm Feb 24, 2010 4:31pm
Quoting pauly
Hi lawgirl21

I dont know Jackos AH method

Do You mean this http://www.forexfactory.com/showthread.php?t=47342 ?

Thanks
Jackos thread is on FF under "Commercial Forums" --"Jacko's Forex House of Pleasure and Pain". Lots of excellent information. I am not a member of his private forum, but have learned alot from this forum.
  • #202,099
  • Feb 24, 2010 4:32pm Feb 24, 2010 4:32pm
Quote:
Originally Posted by forexmick http://cdn.forexfactory.com/images/buttons/viewpost.gif
I am trying to add this 3590 short to my long term shorts but the little shite won't stay down

Now the little basterd is going down, i hope.


Wear pants with belt instead...
  • #202,100
  • Feb 24, 2010 4:33pm Feb 24, 2010 4:33pm
Quoting smokemachine
where can I watch the video...?
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Feb 24, 2010 10:55pm (1 hr 36 min ago)

gatorinla
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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