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  • #203,741
  • Feb 26, 2010 4:51pm Feb 26, 2010 4:51pm
Quoting Racer
are you serious ? can you show chart ???? It is right in the middle now
here it is

I think, we can consolidate for a time ant make bearish flag with ranging price until case with Greece will be clear, but time will tell, there are some more problems brewing in Europe, it can expload anyday with new bad news...
ok i had a much tighter trend line than you, starting at the beginning of the second drop.
All that is left in FF is just plain garbage. "Cloggie"
  • #203,742
  • Feb 26, 2010 4:52pm Feb 26, 2010 4:52pm
Quoting Racer
are you serious ? can you show chart ????
The only problem I see from your chart is by the time your downtrend (top trend line) is broken.

EU should be far over 1.40.. So basically, trading charts like yours, you have

to now place a short at 1.3650 and Stop loss at 1.40+ and take profit at

1.30

Check your trend lines. In reality change in the trend happens long before that,

but by the time your indicators and trend lines going to indicate that and

everyone else is sure that the trend has been changed, it's already too late

and probably good Idea to take Profits from longs and go short again.

You have to be 2 steps ahead of the crowd to make money.

That's why, when everyone knows that EU is "SURE" short it's already sure "LONG"..

Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #203,743
  • Feb 26, 2010 5:09pm Feb 26, 2010 5:09pm
HAPPY PARTY WEEKEND 2ALL

Inserted Video
Follow the Trend, thats all
  • #203,744
  • Feb 26, 2010 5:36pm Feb 26, 2010 5:36pm
Weekly candles are doji-like last 3 weeks. We closed this week higher than we closed last week, yet the weekly candle for this week was a bear candle, albeit barely (bearly hehe). This was due to weekend gap.

So what does this mean?? I take it as wave 4 (aka short leg). Looking at chart, it seems like we can have 1-3 weeks of sideways/upwards movement before wave 5 begins its quest for 1.27xx.

Have a great weekend!
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  • #203,745
  • Feb 26, 2010 6:45pm Feb 26, 2010 6:45pm
The EUR/USD weekly chart shows the some serious indecision, as we have the second week in a row that is represented by a doji. I guess a decision about where to go next will have to to wait until after next weeks Greek bond offering!

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But the daily chart shows that price might be headed towards the upper line of the blue channel.

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A fact that seems to be supported by the 4 hour chart where price broke above a down trend line and successfully backtested it.

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  • #203,746
  • Feb 26, 2010 7:16pm Feb 26, 2010 7:16pm
Quoting gatorinla
just in case.. 3665 is what bulls want.. nap time. if nothing happens in 5 m
There was a bit of upside slippage to your number, but it's as near as damn it!

Hopefully we won't range for another week, but if we do, too bad. My shorts all got stopped out between be+3 and be+7, but that's ok, I was sleeping so there was nothing else for me to do. I was going to set a pending short at 3670, and my 20/20 hindsight says I should have done so!!

Looking at the H8 (and H4 come to that), I can see a strong case for the downside developing next week. Of course anything can happen, but I still have 3410 in my mind as a very real possibility......

Ok, sun is shining and beach is calling.......
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #203,747
  • Feb 26, 2010 7:22pm Feb 26, 2010 7:22pm
Have a great weekend all. Relax for another week of trading!
  • #203,748
  • Feb 26, 2010 7:26pm Feb 26, 2010 7:26pm
something is going on in eu

it is being accumulated or at ;east that is what it seems

massive volume , higher than 2008 lows .... could this be end wave 4 weekly ... back to 1.5000 we go . Greece bail out by someone.

Bears just be wary that is all I am saying. The volumes on treble dojis are massive .. highers than 2008 lows and way higher than volumes that caused the down move of 1500 pip

1.4100 ... or 1.5000 ... nor sure , but those volumes say something odd is going on

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  • #203,749
  • Feb 26, 2010 7:29pm Feb 26, 2010 7:29pm
Attached Image (click to enlarge)
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Quoting malcolmb14
something is going on in eu

it is being accumulated or at ;east that is what it seems

massive volume , higher than 2008 lows .... could this be end wave 4 weekly ... back to 1.5000 we go . Greece bail out by someone.

Bears just be wary that is all I am saying. The volumes on treble dojis are massive .. highers than 2008 lows and way higher than volumes that caused the down move of 1500 pip

1.4100 ... or 1.5000 ... nor sure , but those volumes say something odd is going on

Attached Image (click to enlarge)
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Attachment
Blogging daily now at www.volume.zone
  • #203,750
  • Feb 26, 2010 7:33pm Feb 26, 2010 7:33pm
Quoting malcolmb14
something is going on in eu

it is being accumulated or at ;east that is what it seems

massive volume , higher than 2008 lows .... could this be end wave 4 weekly ... back to 1.5000 we go . Greece bail out by someone.

Bears just be wary that is all I am saying. The volumes on treble dojis are massive .. highers than 2008 lows and way higher than volumes that caused the down move of 1500 pip

1.4100 ... or 1.5000 ... nor sure , but those volumes say something odd is going on
Of course that is poosible too.....the circled area does bear the look of a pending trend change.....it's very hard to say what's going to happen. I'll have to wait and see, although I do favour the downside, I'm not married to it!!
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #203,751
  • Feb 26, 2010 7:35pm Feb 26, 2010 7:35pm
Quoting 2+2=4ex
take it easy everyone, have great weekend!
I hate weekends. No trading happening.
  • #203,752
  • Feb 26, 2010 7:44pm Feb 26, 2010 7:44pm
Quoting capitalx
I hate weekends. No trading happening.
I don't hate weekends, but I share your sentiments
  • #203,753
  • Feb 26, 2010 8:15pm Feb 26, 2010 8:15pm
Quoting realjumper
There was a bit of upside slippage to your number, but it's as near as damn it!

Hopefully we won't range for another week, but if we do, too bad. My shorts all got stopped out between be+3 and be+7, but that's ok, I was sleeping so there was nothing else for me to do. I was going to set a pending short at 3670, and my 20/20 hindsight says I should have done so!!

Looking at the H8 (and H4 come to that), I can see a strong case for the downside developing next week. Of course anything can happen, but I still have 3410 in my mind as a very real...

Hi guys
Noticed there is indecision in the mkt and also in the FORUM
hahaha. This is where we as traders have to bet before the crowd.
We can use stop loss to protect us but it is common for the trend to
hit our SL than reverse the other way.
Nobody can tell for sure...so much uncertainty in the mkt...
Clouds u predicted the 1.3625 reversal down...what do u see?
or shall I say at which level will u buy or sell?

Infact the going up or down doesn't matter it is the entry point for buy n sell is what make the difference. Shall we all share our entry point so we can learn from each other.

Personally I would take 1.3700 to be my decison point. If it goes above I will go long but if below I will favour a short. My SL is 100pips to profit 100pips. Its unorthodox tdg but profitable so far. So I will only go in during major trend line confirmation.

Cheers have a great weekend guys
  • #203,754
  • Feb 26, 2010 8:17pm Feb 26, 2010 8:17pm
eom
Ah Luv the smell of a good prediction in the mornin!
  • #203,755
  • Feb 26, 2010 8:42pm Feb 26, 2010 8:42pm
Quoting Artcritique
eom
they're servers went off for maintenance or something right after market closed today...I still can't get on but no biggie, they're always going when market is open
  • #203,756
  • Feb 26, 2010 8:49pm Feb 26, 2010 8:49pm
When they advertise always connected in case of events, they should atleast send a warning that they will be down. I only have a very small account with them, but it contained a Yen position. When I heard of the earthquake I tried to log in to see what the effects were. But, I ended up going elsewhere???

Quoting uraceulose
they're servers went off for maintenance or something right after market closed today...I still can't get on but no biggie, they're always going when market is open
Ah Luv the smell of a good prediction in the mornin!
  • #203,757
  • Feb 26, 2010 8:52pm Feb 26, 2010 8:52pm
But, if it had been a big earthquake in the Home Islands, I would not have been able to do anything...

Quoting uraceulose
they're servers went off for maintenance or something right after market closed today...I still can't get on but no biggie, they're always going when market is open
Ah Luv the smell of a good prediction in the mornin!
  • #203,758
  • Feb 26, 2010 9:05pm Feb 26, 2010 9:05pm
Next week, we need to watch ISM closely.

A good ISM reading will weaken the dollar, as commodities will start soaring and commodities stocks also will rise.

EURO will rise too.

I think we have seen the lowest of the EURO. 1.34 is the base. We will rise from here.

1.5 by year end,

We will see 1.34 again when FEDS raise interest and Greece go balloon
  • #203,759
  • Feb 26, 2010 9:16pm Feb 26, 2010 9:16pm
Quoting Artcritique
When they advertise always connected in case of events, they should atleast send a warning that they will be down. I only have a very small account with them, but it contained a Yen position. When I heard of the earthquake I tried to log in to see what the effects were. But, I ended up going elsewhere???

Hey Artcritique. Just to be clear...you tried to log on AFTER the market was closed for the weekend, and could not get on? There really should be no reason to be logged on after hours, other than to look at your charts/lines. With my broker (ACM) I have both a live and demo accounts. All my lines are in my demo account. My live account is basically naked charts. I can access my demo account anytime and see "what the effects were" in a case like today. Maybe you should do the same with AandO.
Si vis pacem, para bellum.
  • #203,760
  • Feb 26, 2010 9:26pm Feb 26, 2010 9:26pm
These people advertise that they are "allways open". They just slap on big spreads for cya...They specifically promote that with their platform, you will be able to trade 'news events' in the weekend hours.

Quoting Duce
Hey Artcritique. Just to be clear...you tried to log on AFTER the market was closed for the weekend, and could not get on? There really should be no reason to be logged on after hours, other than to look at your charts/lines. With my broker (ACM) I have both a live and demo accounts. All my lines are in my demo account. My live account is basically naked charts. I can access my demo account anytime and see "what the effects were" in a case like today. Maybe you should do the same with AandO.
Ah Luv the smell of a good prediction in the mornin!
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