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EURUSD

  • #209,141
  • Mar 10, 2010 7:47am Mar 10, 2010 7:47am
Quoting kuroro001
Yes....exactly my exit level...i didn't know there was a fibo there...interesting
How did you come out with that number?
  • #209,142
  • Mar 10, 2010 7:49am Mar 10, 2010 7:49am
The correction move I mentioned the previous week hasn't been formed yet, the price is balancing between 1.34-1.37 levels, that are the borders of 5-waved bullish impulse.

The pattern shown at the first 15min chart describes the initial part of a downside move. Its finish is marked with "x" symbol at 30min chart. As you can see, it has 5 waves, so it's more likely that the correction is not over yet.

One more obvious sign of the continuation of bearish price action is breaking to the downside the lower border of wave 3, shown at the second 15min chart. It means, that price is going to reach at least previous minimum @1.353.

To my mind, in short term we'll see decline of EURUSD to 1.353-1.343 range. If the lower border won't be broken I suppose to see the forming of another bullish impulse.

3 charts and trading features are attached in the link signature.
  • #209,143
  • Mar 10, 2010 7:51am Mar 10, 2010 7:51am
Quoting Caravanpark
Many thanks, much appreciated. What confirmation would you be looking for to go short and is this short term?
yes im a short term trader on the 5m TF sometimes 1m. confirmation will be a break of the trendline on the 5m. but seems like it bounced off that line again. lets wait and see. momentum is slowing down.

forex is a waiting game... but im an impatient man... this is killin me shall go take a break hopefully that line would be broken when im back
  • #209,144
  • Mar 10, 2010 7:52am Mar 10, 2010 7:52am
long 1.3600 target 1.4+
  • #209,145
  • Mar 10, 2010 7:53am Mar 10, 2010 7:53am
Quoting TheLastCoke
How did you come out with that number?
Can't post a chart so i'll try to explain....
On a 30mn chart between 11am & 2pm GMT+1 (8 march) it keeps bouncing from there
And this support became resistance between 6:30pm and 9pm the same day

It's an important zone
COT: The precious data ignored
  • #209,146
  • Mar 10, 2010 7:54am Mar 10, 2010 7:54am
Quoting ma_cowburn
long 1.3600 target 1.4+
Goodness me. That's ambitious.
  • #209,147
  • Mar 10, 2010 7:58am Mar 10, 2010 7:58am


Quoting Caravanpark
Goodness me. That's ambitious.
Trade What You See and Not What You Think
  • #209,148
  • Mar 10, 2010 7:59am Mar 10, 2010 7:59am
or we don't go past the 20s.

my tp is at 1.3647. before that i have 1.3637 (i look at volumes almost only).

depending on PA i will close at 37 or maybe set sl at be+10 and see if it reaches the 47.

hapipipin

Quoting kuroro001
Your entry is fine....and now EU is getting down slowly....it sounds fine so far..but US is strong to drag everything down until london close...then up!

And Yen pairs are on top...i wouldn't rule out a correction at these level
Short USDJPY again!
dreams do come true.
  • #209,149
  • Mar 10, 2010 7:59am Mar 10, 2010 7:59am
Quoting enterfx
Suddenly everything is ok, just like that.

http://www.bloomberg.com/apps/news?p...bT7uRZ6E&pos=1
Remember we all heard this kind of talk before not that long ago.
"The crisis is over" sounds a lot like "Mission Accomplished" to me.

http://whatisfovea.files.wordpress.c...shed-jpg1.jpeg
  • #209,150
  • Mar 10, 2010 8:00am Mar 10, 2010 8:00am
Quoting kuroro001
Can't post a chart so i'll try to explain....
On a 30mn chart between 11am & 2pm GMT+1 (8 march) it keeps bouncing from there
And this support became resistance between 6:30pm and 9pm the same day

It's an important zone
Let me post it for you if you don't mind. Did I get it right?
Attached Image (click to enlarge)
Click to Enlarge Name: koo.gif Size: 14 KB
  • #209,151
  • Mar 10, 2010 8:00am Mar 10, 2010 8:00am
based on SAR 5m.

hapipin
dreams do come true.
  • #209,152
  • Mar 10, 2010 8:02am Mar 10, 2010 8:02am
hoping for lower vol on this 5m down candle.

Quoting TheLastCoke
Let me post it for you if you don't mind. Did I get it right?
dreams do come true.
  • #209,153
  • Mar 10, 2010 8:03am Mar 10, 2010 8:03am
Quoting nvcK
MQL is a lot like C++, very limited C++

not very hard to grasp if you have a specific strategy in mind
yeah very similar. probably even closer to original C.
  • #209,154
  • Mar 10, 2010 8:03am Mar 10, 2010 8:03am
Quoting Caravanpark
Goodness me. That's ambitious.
i have'nt seen 1.3550 broken in 5 days ? where else is price spose to go ?
  • #209,155
  • Mar 10, 2010 8:03am Mar 10, 2010 8:03am
Quoting TheLastCoke
Let me post it for you if you don't mind. Did I get it right?
That's it!! Excatly my target
And i'd like to short it there....and probably around 1.3680...for a 1.3580 target and well below...
All will depend on PA
COT: The precious data ignored
  • #209,156
  • Mar 10, 2010 8:05am Mar 10, 2010 8:05am
Quoting ma_cowburn
i have'nt seen 1.3550 broken in 5 days ? where else is price spose to go ?
1.37ish. There is absolutely nothing which indicates it will go up to 1.4
  • #209,157
  • Mar 10, 2010 8:05am Mar 10, 2010 8:05am
The price can do anything because is in lateral movement.

I like long. Breaking 1,37 confirm movement.http://img710.imageshack.us/img710/5139/dibujodik.jpg
  • #209,158
  • Mar 10, 2010 8:05am Mar 10, 2010 8:05am
Quoting ma_cowburn
long 1.3600 target 1.4+
Same here...1 st target 13700
  • #209,159
  • Mar 10, 2010 8:16am Mar 10, 2010 8:16am
Quoting papapips
Same here...1 st target 13700
dont trust the bull when u r in a bear zone .

no one can catch every pip up and down
  • #209,160
  • Mar 10, 2010 8:18am Mar 10, 2010 8:18am
Betting to the shorts side for timebeing .
fontu
http://www.forexfactory.com/showpost...9&postcount=24
Not understand?better not follow my analyses!doubt clearer first, risks ++
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