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  • #211,401
  • Mar 15, 2010 6:15pm Mar 15, 2010 6:15pm
Quoting malcolmb14
The area to watch for a break down is 1.3640.


Attachment
Below that, do u plan to short
  • #211,402
  • Mar 15, 2010 6:38pm Mar 15, 2010 6:38pm
Quoting woo
I posted earler, that correction to 60 is very likely, cause thats where price was on average before. People will TP at this level likely,creating big momentum upwards, likely to 80 again, and then market will range lol.

It will range, where the fundamental news, will tell ways, because correction=range. However, i believe, that dropping to 20 is possible in longer time frame. Though, not in the immediaten 5 min chart future hehehehe, some people will deem price at these levels a bargain, and other a good sell position. Range for sure.

Im out...
if you are already up $2000 rather than closing your position, you should short covering. I believe you will make $3000 instead of $2000....but overleveraged is just a matter of time in blowing your account.
  • #211,403
  • Mar 15, 2010 7:22pm Mar 15, 2010 7:22pm
4hr seems to be favoring a down move, it's right in the middle of the Bolliger bands ...the only problem with that is when exactly is it going to go that way?
  • #211,404
  • Mar 15, 2010 7:25pm Mar 15, 2010 7:25pm
Quoting petehnm
4hr seems to be favoring a down move, it's right in the middle of the Bolliger bands ...the only problem with that is when exactly is it going to go that way?
I think the best bet is to wait till London comes on board...
  • #211,405
  • Mar 15, 2010 7:32pm Mar 15, 2010 7:32pm
Also on H4 we have the 200ema at around 3750 which could be holding any attempt to go further up. It often does.
  • #211,406
  • Mar 15, 2010 7:34pm Mar 15, 2010 7:34pm
Quoting enterfx
Also on H4 we have the 200ema at around 3750 which could be holding any attempt to go further up. It often does.
saw that too...going down a bit right now ,but the way things have been going this could be a head fake
  • #211,407
  • Mar 15, 2010 7:49pm Mar 15, 2010 7:49pm
anybody got any info on mtg. minutes from down under ?
hang on to your bread......unless you want toast
  • #211,408
  • Mar 15, 2010 7:51pm Mar 15, 2010 7:51pm
Quoting Gld
anybody got any info on mtg. minutes from down under ?

here ya go

http://www.rba.gov.au/monetary-polic.../02032010.html
  • #211,409
  • Mar 15, 2010 7:59pm Mar 15, 2010 7:59pm
Some more outlooks:

http://www.dailyfx.com/technical_analysis/elliott_wave/

http://www.dailyfx.com/technical_analysis/candlesticks/
Prices oscillate, trends persist. Trend is your friend.
  • #211,410
  • Mar 15, 2010 8:00pm Mar 15, 2010 8:00pm
Quoting uraceulose
here ya go

http://www.rba.gov.au/monetary-polic.../02032010.html
thanks donnie
hang on to your bread......unless you want toast
  • #211,411
  • Mar 15, 2010 8:21pm Mar 15, 2010 8:21pm
Quoting jsspmk
Some more outlooks:

http://www.dailyfx.com/technical_analysis/elliott_wave/

http://www.dailyfx.com/technical_analysis/candlesticks/

Agree with the EW analyze. I've got 3730 on my map as possible top. That would also be the channel TL and just below the 200ema. Looks like a good spot to add sell if we get there.
  • #211,412
  • Mar 15, 2010 8:31pm Mar 15, 2010 8:31pm
Quoting enterfx
Agree with the EW analyze. I've got 3730 on my map as possible top. That would also be the channel TL and just below the 200ema. Looks like a good spot to add sell if we get there.
I don't think daily chart is quite ready to roll over just yet, I could be misjudging it of course.

Whatever happens near 1.34 will show us whether the down trend is dead or alive.
Prices oscillate, trends persist. Trend is your friend.
  • #211,413
  • Mar 15, 2010 8:42pm Mar 15, 2010 8:42pm
will the fed meeting have any affect on the euro??? or does it have any affect??
  • #211,414
  • Mar 15, 2010 8:44pm Mar 15, 2010 8:44pm
Quoting mtrmth
will the fed meeting have any affect on the euro??? or does it have any affect??

it will have an effect on the dollar..it could be a major affect if they raise the rate. Everyone is sure they won't and I'm in this majority. Anyway, check out the "calender" and click the little link with the picture of the chart right next to FOMC meeting or rate decision and it will show you a lil more in depth view of what to expect..
  • #211,415
  • Mar 15, 2010 8:48pm Mar 15, 2010 8:48pm
So far any upmove seem extremely weak and slow, so for what we know 3683 could be it for now. we shall c.
  • #211,416
  • Mar 15, 2010 8:52pm Mar 15, 2010 8:52pm
Quoting uraceulose
it will have an effect on the dollar..it could be a major affect if they raise the rate. Everyone is sure they won't and I'm in this majority. Anyway, check out the "calender" and click the little link with the picture of the chart right next to FOMC meeting or rate decision and it will show you a lil more in depth view of what to expect..

read this and see if they will raise rates any time soon

http://www.cnbc.com/id/35878820

here is what i have on 4 hour

1) retracement down into demand zone got a high volume ultra wide down bar after little selling pressure on the drop from 1.3800 ( low volume down move) . Stopped on 1.3650 which is support for now. That could be hidden buyers.
2) POC for last 20 sessions is 1.3610, breaks this I will be alot happier selling.
3) breaks channel low 1.3600 even happier selling

BUT for now the buyers seem to hanging out at the bottom zone of that 4 hour candle 1.3650 to 1.3670. I do not know why but in weekly chart this zone is of importance.

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  • #211,417
  • Mar 15, 2010 8:59pm Mar 15, 2010 8:59pm
price channel
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Click to Enlarge Name: euro30.gif Size: 16 KB
  • #211,418
  • Mar 15, 2010 9:03pm Mar 15, 2010 9:03pm
Hey malcolmb did we just witness a "shake-out"? Price dropped rapidly, trapped sellers, then swiftly moved back up...killing them. I wasn't watching volumes, (but I'm sure you were!)
  • #211,419
  • Mar 15, 2010 9:05pm Mar 15, 2010 9:05pm
I'll wait 1.3725 to short, SL 1.376
  • #211,420
  • Mar 15, 2010 9:11pm Mar 15, 2010 9:11pm
Quoting fxpipper
Hey malcolmb did we just witness a "shake-out"? Price dropped rapidly, trapped sellers, then swiftly moved back up...killing them. I wasn't watching volumes, (but I'm sure you were!)
maybe it's consolidating between (1.38-1.365) until the next leg down- but we won't know until 1.37 resistance is cleared.
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