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  • #209,281
  • Mar 10, 2010 11:37am Mar 10, 2010 11:37am
I believe when Obama went over to China he made a deal with the Chinese that USD will not tank in exchange for them keep on buying US debt. USD does look like it is basing, ready to take off.
Prices oscillate, trends persist. Trend is your friend.
  • #209,282
  • Mar 10, 2010 11:40am Mar 10, 2010 11:40am
Quoting Caravanpark
For quite a few days now, it seems to gravitate to 1.36 and pulls back to that level every time it gets 50-80 pips away. This can not last for ever?!
It won't. If stocks go more south, this could be the d day
  • #209,283
  • Mar 10, 2010 11:41am Mar 10, 2010 11:41am
Quoting kuroro001
Yes coincidence maybe
But i'm saying that because in the PA i don't see any sign of reversal
Check 5mn PA...few bars down not really convincing it will go further down....just my opinion
commodities control eu not just greece. although when it blows up it will amplfy situation. this move fits like a glove..
peace.
those who can, do. those who cant, talk about those who can
  • #209,284
  • Mar 10, 2010 11:43am Mar 10, 2010 11:43am
I see all these "insights" as to where we're going, bank/govt intervention, etc. The bottom line is that shorting at ~1.367 was technically sound. I have a 60M trendline and a Daily TL converging between 1.367 and 1.37. Two MAJOR levels of resistance.

It's not hard. "The trend is your friend". Until the trend is broken, ride it!
  • #209,285
  • Mar 10, 2010 11:45am Mar 10, 2010 11:45am
Quoting Mr J
How much attention do you pay to 4h and shorter timeframes? The problem is that you're not precise enough with your entries. Improve there, and cutting your 150 pip stops down to 20-50 will see a large improvement.
I'm actually very satisfied right now, been learning in GJ (great school) but thanks for your advices
Don't be a hero. Don't have an ego. Always question yourself
  • #209,286
  • Mar 10, 2010 11:47am Mar 10, 2010 11:47am
Quoting gatorinla
commodities control eu not just greece. although when it blows up it will amplfy situation. this move fits like a glove..
peace.

gatorinla do u see going up to 1.3540 or you see breaking 1.3522 i am short at 1.3524 i pull the trigger to early
  • #209,287
  • Mar 10, 2010 11:48am Mar 10, 2010 11:48am
Quoting kuroro001
Well done for your shorts guys...i really didn't see this move coming
There have been plenty of moves that I have missed. And you can be sure that there will be more. If unsure of the probabilities, always better to miss the move.
  • #209,288
  • Mar 10, 2010 11:48am Mar 10, 2010 11:48am
Quoting gatorinla
first st targets and mids/ only valid w/o new high. bigger charts s/r trump these. such as 3644... but these are bear also.. so it dont matter atm.. 3622 is neutral s/r..

gu mid 4897.5 target 4802 + slip we usaully bounce after target and slip is hit.. i usauly exit some here. and re-enter after bounce. wait for bounce..

eu mid 3900.5 target 3522

aud 9112.5 target 9034

these are tiny targets. once a small target is reached a trend has developed. these are smaller targets in much bigger targets.. the bigger ones trump these. as move continues...
Thank you very much
  • #209,289
  • Mar 10, 2010 11:51am Mar 10, 2010 11:51am
Quoting fabreu30
gatorinla do u see going up to 1.3540 or you see breaking 1.3522 i am short at 1.3524 i pull the trigger to early
those mids rarely dont get reached. i can count on my pecker the number times it has not in in this trend.
those who can, do. those who cant, talk about those who can
  • #209,290
  • Mar 10, 2010 11:58am Mar 10, 2010 11:58am
Still Holding my short from 3611
  • #209,291
  • Mar 10, 2010 12:07pm Mar 10, 2010 12:07pm
price moving so fast than my analysis & post in gold ,it should fall below 1103 again for buy & next m15 candle too.can't take a short also but will wait a buy. anyway I am waiting sell in au for last day ,loosing shorts there .

I see in eu price to fall at or below 1.3611 , to 1.3603 or down 1.3588 .start short /accumulation again .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #209,292
  • Mar 10, 2010 12:08pm Mar 10, 2010 12:08pm
will it be today/tomorrow?

if price doesn't go past 1.3650 it would be very good...

low volume right now would be great to get back to the 30s, 20s. volume should normally be dropping from now on.

my eyes on that 3522, Gator
dreams do come true.
  • #209,293
  • Mar 10, 2010 12:13pm Mar 10, 2010 12:13pm
Gator,
Which one of your mids are you referring too? 3900?....I know we had a 3606 mid that it went back thru...

Thanks
  • #209,294
  • Mar 10, 2010 12:21pm Mar 10, 2010 12:21pm
Swiss National Bank is at it again
http://www.marketwatch.com/story/swi...hot-2010-03-10

still fighting their losing battle
  • #209,295
  • Mar 10, 2010 12:22pm Mar 10, 2010 12:22pm
let it go up I am now targetting 1103 & down again.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #209,296
  • Mar 10, 2010 12:22pm Mar 10, 2010 12:22pm
The EUR/USD has been struggling to break 3434, and go lower, the triangular formation shown here implies upward thrust with wave E not having formed yet. Wave E of a triangle usually is the most time consuming leg too. In the event of a upward thrust we are looking at 3820 (1.382 Price Extension) followed by 3919 (1.618) price extension to be our targets. The only problem here with the triangle is that Wave A needs to be the most violent move, and is not. So that means after all it might not be a triangle and turn to be something else. Whatever that something else is, should go down, and from a behaviour perspective is not going down. The formation for a downward structure is not clear at all. This is a dangerous place to put a trade either short or long. The best strategy is to stay out for another day to choose a position. A 100 pip move would not present itself before wave E of the triangle is done. So hopefully by tomorrow we can see a better picture of what is happening. Todays trades would be frustrating and as we go towards Friday, market will be on better grounds for a 70-100 pip move.

Hope it helps
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  • #209,297
  • Mar 10, 2010 12:23pm Mar 10, 2010 12:23pm
Quoting Driver55
no... between 59-73

PS: ... or if you see on usdchf 700
nice number driver
  • #209,298
  • Mar 10, 2010 12:24pm Mar 10, 2010 12:24pm
We should head back toward 1.3670...which will be a good opportunity to short...even though i'm expecting something higher...i'll load few short once we're back above 1.3670 until 1.3700
COT: The precious data ignored
  • #209,299
  • Mar 10, 2010 12:26pm Mar 10, 2010 12:26pm
Quoting fontu
price moving so fast than my analysis & post in gold ,it should fall below 1103 again for buy & next m15 candle too.can't take a short also but will wait a buy. anyway I am waiting sell in au for last day ,loosing shorts there .

I see in eu price to fall at or below 1.3611 , to 1.3603 or down 1.3588 .start short /accumulation again .
fontu
i dont plot it. but ill take a shot 1092.06 + slip then a bounce up.
those who can, do. those who cant, talk about those who can
  • #209,300
  • Mar 10, 2010 12:28pm Mar 10, 2010 12:28pm
Quoting IMARICH1
Gator,
Which one of your mids are you referring too? 3900?....I know we had a 3606 mid that it went back thru...

Thanks
the ones mentioned in that last post
those who can, do. those who cant, talk about those who can
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