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  • #205,221
  • Mar 2, 2010 9:12pm Mar 2, 2010 9:12pm
Quoting Clouds
Ill short at resistance, w/ a conservative target at bottom of range, and if I get SL, i will wait and short around 3850
that's what i'll do

I'm with ya.. I just trade what I see happen at S&R..... I hope we keep ranging it has been kinda nice..
  • #205,222
  • Mar 2, 2010 9:14pm Mar 2, 2010 9:14pm
Quoting Iplus3
I'm with ya.. I just trade what I see happen at S&R..... I hope we keep ranging it has been kinda nice..

yes so so true.

Definatly a traders market the last week or two. UP down up down like a yo yo. Fun.
  • #205,223
  • Mar 2, 2010 9:16pm Mar 2, 2010 9:16pm
Quoting Mr Hatch
what are those periods, if i may ask?
4H Candles.
  • #205,224
  • Mar 2, 2010 9:16pm Mar 2, 2010 9:16pm
Quoting jesterx
yes so so true.

Definatly a traders market the last week or two. UP down up down like a yo yo. Fun.
Yippeee
  • #205,225
  • Mar 2, 2010 9:17pm Mar 2, 2010 9:17pm
Quoting TheLastCoke
4H Candles.
thanks
  • #205,226
  • Mar 2, 2010 9:19pm Mar 2, 2010 9:19pm
upwards channel on the dollar is sitting at support so we are at make or break time now. Intresting to see this happen in this asia session.

Mean I am getting ready to get heavily short the EUR but will not do anything just yet. will wait for this consolidation we see to be getting.
  • #205,227
  • Mar 2, 2010 9:20pm Mar 2, 2010 9:20pm
Quoting TheLastCoke
4H Candles.
5 more days of range? Maybe next tuesday we buy and hold to 3850?
  • #205,228
  • Mar 2, 2010 9:22pm Mar 2, 2010 9:22pm
Quoting TheLastCoke
Does anybody have .3870's as possible target before another big drop?

http://www.forexfactory.com/showpost...5&postcount=87

yes man.......
" If 3555 holds like a rock................................... .....then next target is 3875.
with a point of nice resistance at 3721."
my posting on feb26
  • #205,229
  • Mar 2, 2010 9:28pm Mar 2, 2010 9:28pm
Price pulled thru the supplemental triangle so I have been shorting to the top. Should be time to sell.

Jim

Quoting Nene
A new Triangle has formed along with a reversal at 1.3600. Will short to the bottom.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
  • #205,230
  • Mar 2, 2010 9:30pm Mar 2, 2010 9:30pm
Quoting Nene
Price pulled thru the supplemental triangle so I have been shorting to the top. Should be time to sell.

Jim


Just went Short 50%, I see us going down from here, if this lil bugger behaves itself.

Nice chart by the way...smart traders would be looking to short here.

I am watching that dollar like a hawk but...any break down and out i go. For now i will work into a short.
  • #205,231
  • Mar 2, 2010 9:40pm Mar 2, 2010 9:40pm
Quoting TheLastCoke
If broken to the upside I'll be aming 3850-80. Can't find technical reasons to look higher.

In my opinion, if you look weekly chart, price is at demand level and if there is any excuse to go up price will heavily go up and looking at the calendar there are plenty of opportunities in coming hours...
The Market pays you to be disciplined
  • #205,232
  • Mar 2, 2010 9:43pm Mar 2, 2010 9:43pm
Quoting mima
In my opinion, if you look weekly chart, price is at demand level and if there is any excuse to go up price will heavily go up and looking at the calendar there are plenty of opportunities in coming hours...
supply/demand are equal at the moment, if demand was greater we would have already moved up. don't u think? Since the trend is down, it's only matter of time before the banks offload their euros, I'd think.
  • #205,233
  • Mar 2, 2010 9:45pm Mar 2, 2010 9:45pm
Quoting mima
In my opinion, if you look weekly chart, price is at demand level and if there is any excuse to go up price will heavily go up and looking at the calendar there are plenty of opportunities in coming hours...
Usually if it is counter trend I don't look for more than 38.2% ret.

Wanna see .3690 taken down first and then we'll have plenty of time to read PA.
  • #205,234
  • Mar 2, 2010 9:48pm Mar 2, 2010 9:48pm
Quoting Clouds
supply/demand are equal at the moment, if demand was greater we would have already moved up. don't u think? Since the trend is down, it's only matter of time before the banks offload their euros, I'd think.

yes i would not get to excited if you are a bull just yet. I see many sellers up there at that resistance level...heaps I mean. Looks like a national army standing guard in my opinion. Will be hard to get through there.

and with the Greece and EURO saga continuing it is hard for me to be a bull for now. That pattern in the last two weeks or so is downward.

We could even be forming a descending triangle. that means its only a matter of time before we pop through and head down.

News always comes out in the chart first people.
  • #205,235
  • Mar 2, 2010 10:25pm Mar 2, 2010 10:25pm
I'm looking for a positive ADP employment number at the NY open and a 100+ pip move into USD territory. Will sell rallies above .3650 if possible. If I can stay awake.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #205,236
  • Mar 2, 2010 10:35pm Mar 2, 2010 10:35pm
in this chart I have highlight all buyers in blue vertical lines ... buyers as it is high volume on the dips ... then the pros let the price move up and stop buying only to let it fall again to buy again at 1.3450 to 1.3500 area

now how do i know that they are nopt taking profit .... it is in the volume ...do you see any mega high volume clusters at the peaks ?

I have shown 2 red lines at peaks that are selling interest and 6 blue lines

this is classic accumulation . The longer this lasts the higher price will go .

Attached Image (click to enlarge)
Click to Enlarge Name: chart1844.png Size: 246 KB
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  • #205,237
  • Mar 2, 2010 10:43pm Mar 2, 2010 10:43pm
Quoting The Fool
I'm looking for a positive ADP employment number at the NY open and a 100+ pip move into USD territory. Will sell rallies above .3650 if possible. If I can stay awake.
Well it depends how this info is interpreted by professionals...and that counts....
The Market pays you to be disciplined
  • #205,238
  • Mar 2, 2010 10:44pm Mar 2, 2010 10:44pm
Quoting malcolmb14
in this chart I have highlight all buyers in blue vertical lines ... buyers as it is high volume on the dips ... then the pros let the price move up and stop buying only to let it fall again to buy again at 1.3450 to 1.3500 area

now how do i know that they are nopt taking profit .... it is in the volume ...do you see any mega high volume clusters at the peaks ?

I have shown 2 red lines at peaks that are selling interest and 6 blue lines

this is classic accumulation . The longer this lasts the higher price will go .

Attachment ...
very nice, malc.
is it even possible to assum how high the price will go taking the length of accumulation into account?
  • #205,239
  • Mar 2, 2010 10:46pm Mar 2, 2010 10:46pm
for anyone who was online about 10 hours back... knows what happened to me

Short at 1.353.. no sl or tp... and then my net goes off.... comes back on after a while when it had already retraced from my mental TP levels...
entered a tp at 1.352 ...and net goes off....when it comes back on..... Eu had touched 1.3522 n gone back up.......
and my net was off ..

and then i had to sleep a wee bit.

Point is... i am assfucked at the moment.. since the position is open...
and my mind is not clear..
anyone wanna help me and tel me if we going down from these levels.. or am i just gonna have to takek the 400$ loss:@
  • #205,240
  • Mar 2, 2010 10:51pm Mar 2, 2010 10:51pm
Quoting Mr Hatch
very nice, malc.
is it even possible to assum how high the price will go taking the length of accumulation into account?
well ...

The week has not ended yet but we could have 4 doji unless we see major tankage between now and end of week .

IF this high volume I am seeing on weekly ( higher even than lows of 2008) is massive accumulation ( forget all the news and fundies bs out there.. they were telling us buy oil at 148 going to 200 ) we could even see 1.5000. I know it is way out there and does not make any sense right now. BUt volume like this and 4 weeks of accumulation do not happen for price to just move 300 pip

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