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  • #204,301
  • Mar 1, 2010 12:03pm Mar 1, 2010 12:03pm
First order filled at 1.3534...waiting for 1.3548...if it doesn't happen i'll wait a retest of low for a high target....at least todays high

Price action is my best friend
COT: The precious data ignored
  • #204,302
  • Mar 1, 2010 12:08pm Mar 1, 2010 12:08pm
Quoting malcolmb14
I will throw a chart up later to demonstarte this but not at main trading computer ...I ended for day on my eu long and stop is +5 ... so either I have snagged bottom or I get stopped out for +5
it's just consolidating, u might get 50-100 pips, but why do u insist it's going to 1.40? i think u've said it about 50 times. it's a normal down trend, nothing funny going on here.
  • #204,303
  • Mar 1, 2010 12:09pm Mar 1, 2010 12:09pm
Quoting malcolmb14
es makes no sense .. but all bad news dips are being eaten up big time. I expect higher price .... as in 1150 test
I don't have your view on markets....i'm not trading over weeks
I can only analysis today's action...not action over days and days

So yes maybe 1150 i don't know it's too far away forme....
but i don't rule out 1105...you still could buy this dip again
COT: The precious data ignored
  • #204,304
  • Mar 1, 2010 12:14pm Mar 1, 2010 12:14pm
PA Talks: #83
  • #204,305
  • Mar 1, 2010 12:15pm Mar 1, 2010 12:15pm
Are we trading in the same market freind? The whole point of this exercise is to confuse people. We will be told what to think later.

Quoting Clouds
it's just consolidating, u might get 50-100 pips, but why do u insist it's going to 1.40? i think u've said it about 50 times. it's a normal down trend, nothing funny going on here.
Ah Luv the smell of a good prediction in the mornin!
  • #204,306
  • Mar 1, 2010 12:16pm Mar 1, 2010 12:16pm
The thing we need to take care of is the AUD rate hike....it will give energy for a push higher in currency if they increase rate

But if they don't know...we'll see some heavy selling
COT: The precious data ignored
  • #204,307
  • Mar 1, 2010 12:17pm Mar 1, 2010 12:17pm
Quoting gatorinla
eu 3340 plus slippage.
Ain't happening yet. Just listen great interview of some Mr. wood

on CNBC: "Current strength of the USD must be viewed as last call

to diversifying out of USD."

Top investment over next years:

Asian/Indian stocks Gold/Silver Stocks, GOLD/Silver bullion.


$USD
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #204,308
  • Mar 1, 2010 12:18pm Mar 1, 2010 12:18pm
We have a possible triangle on the 1 minute chart with a downward thrust. A possible wave E has finished. 3542 is the best possible sell with 5 pips of stoploss, anything higher stay out
  • #204,309
  • Mar 1, 2010 12:22pm Mar 1, 2010 12:22pm
Quoting Artcritique
Are we trading in the same market freind? The whole point of this exercise is to confuse people. We will be told what to think later.
i dont understand you. take a vacation.
  • #204,310
  • Mar 1, 2010 12:22pm Mar 1, 2010 12:22pm
Quote
Ain't happening yet. Just listen great interview of some Mr. wood

on CNBC: "Current strength of the USD must be viewed as last call

to diversifying out of USD."

Top investment over next years:

Asian/Indian stocks Gold/Silver Stocks, GOLD/Silver bullion.


$USD http://cdn.forexfactory.com/images/s...thumbsdown.gif

US $ will get bullish. 'Mass market' believes in US bullishness and will drive it to 1.25.

Remember trading is a mind game. What 'mass' believes, that will happen.

I am with the 'masses'.
  • #204,311
  • Edited 12:37pm Mar 1, 2010 12:22pm | Edited 12:37pm
Ok my 4hr eu chart is still bearish but after a meaningful bounce. if level 1.3547 holds (ie price gets above and support builds there) and trades above will build a bullish case. Next meaningful area is 1.3680. 1.3547-1.3680 is the range I'm watching. Above or below will be of course the case for bear/bull. Trend is still below 18ma on 4hr chart so long term bear still has some relevance. But this could easily be whipped out if the situation in greece is handled properly and the bull will run else there could be more bad news building a bear case else a range will occur if the greece situation turns out not so bad but there's still unanswered questions with ezone members. Right now I don't favor any side but I believe it is possible for a reversal to occur here because eu has been so oversold for so long and the ma's could catch up to the price enough for their to be a meaningful bounce above the ma's. I wouldn't take it to the bank just yet unless you know something here I don't because I still have the bears with a slight upper hand on my charts.

another point to note that the bounce here looks like it's climbing up a cliff. There is substantial resistance but there was an unusual looking bounce that is challenging the slide. this will take some considerable pumping to reverse here but it is possible although unusual looking. Just my 2cents.

1.3650 is also a key area (key resistance) if this can get above and stay above 1.3547 (key support). If this gets above 1.3650 then 1.3680 will be not too far away. If gets above 1.3680 then it will be in bull mode. But as they say we serve no wine before it's time and Mr. Bear is still in charge until then.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #204,312
  • Mar 1, 2010 12:24pm Mar 1, 2010 12:24pm
There are people in this thread, who predicted million times 1.3800 during last week... Why do you insist more? Leave it alone...
''That's all it takes really - pressure and time''
  • #204,313
  • Mar 1, 2010 12:25pm Mar 1, 2010 12:25pm
Quoting nqmoto
There are people in this thread, who predicted million times 1.3800 during last week... Why do you insist more? Leave it alone...
Show me a LL.
  • #204,314
  • Mar 1, 2010 12:26pm Mar 1, 2010 12:26pm
Quoting kingfisher
US $ will get bullish.
Yes, possibly in short term.. I'll short Pound on every pop instead of the

EUR, which eventually can also follow and then USD is next.

Hopefully Pound can get much lower (I'm targeting 1.40 area),

so I can exchange every single $ for it.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #204,315
  • Mar 1, 2010 12:27pm Mar 1, 2010 12:27pm
Quoting nqmoto
There are people in this thread, who predicted million times 1.3800 during last week...
And there is also some, who are predicting 1.28-1.30 for the last month

every day. And we are still closer to 1.38 than to 1.30
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #204,316
  • Mar 1, 2010 12:32pm Mar 1, 2010 12:32pm
Quote
There are people in this thread, who predicted million times 1.3800 during last week... Why do you insist more? Leave it alone...

Some of the best traders here at FF were/are long on E/U.

Everyone was expecting a fib retracement.
  • #204,317
  • Mar 1, 2010 12:33pm Mar 1, 2010 12:33pm
Quote
I'll short Pound on every pop instead of the

EUR, which eventually can also follow and then USD is next.

Agree mate. Shorting pound is a good idea on rallies.

I am also targetting 1.40 as thats a yearly S 1 as well.

Lets say if i can short GBP at 1.51 and then hold it towards 1.40..thats a cool 1100 pips.
  • #204,318
  • Mar 1, 2010 12:35pm Mar 1, 2010 12:35pm
Actually 1.4 is possible, there's always upside possibility as well as downside. not saying im bull, im havnt been much of a bull since i start shorting at 1.5+

for me, 1.39 is gd enough for the retrace, tt is if it creates a pivot low now, when it does reach 1.39, i'll start shorting again. Of cos, there's still resistance above 1.39 if it breaks up and if it does goes to 1.39-1.4 and head back down, im excting this down to go on for quite a while...

B4 it goes to 1.39, i may try short at 1.355-1.358, price have to safely break 1.365 and if it seems like a little bull by then, i may consider taking longs at support till 1.39...

however, im still anticipating it to go lower, maybe 1.31-1.32
  • #204,319
  • Mar 1, 2010 12:37pm Mar 1, 2010 12:37pm
Quoting kingfisher
Agree mate. Shorting pound is a good idea on rallies.

I am also targetting 1.40 as thats a yearly S 1 as well.

Lets say if i can short GBP at 1.51 and then hold it towards 1.40..thats a cool 1100 pips.
Same here...i'll start shorting from 1.5030 to 1.5180...all the way down 1.4700 for my first TP (not as much as you but 1.4000 is too far away for me)
COT: The precious data ignored
  • #204,320
  • Mar 1, 2010 12:40pm Mar 1, 2010 12:40pm
Quoting TheLastCoke
PA Talks: #83
I favor the trend strongly but I must admitt I like your analogies and charts it goes to show anything is possible in the markets you take what it give you not what you think. keep up your own good work.
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