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EURUSD

  • #211,581
  • Edited 6:31am Mar 16, 2010 6:20am | Edited 6:31am
Quoting maurofx
What's your tg on the upside?
.3880+- #4 #88
  • #211,582
  • Mar 16, 2010 6:21am Mar 16, 2010 6:21am
Quoting DrLobo
I sold my long because there is too much talk about prices falling .
BBand tells the truth
  • #211,583
  • Mar 16, 2010 6:25am Mar 16, 2010 6:25am
5mn worrisome for longs now...it should go back to 1.3700 to catch buyers
COT: The precious data ignored
  • #211,584
  • Mar 16, 2010 6:29am Mar 16, 2010 6:29am
Quoting TheLastCoke
.3880+- #4
Tks, keep up the good work with your charts man...they've been paying off lately!!
  • #211,585
  • Mar 16, 2010 6:32am Mar 16, 2010 6:32am
Quoting maurofx
Tks, keep up the good work with your charts man...they've been paying off lately!!
Keep this in mind #89
  • #211,586
  • Mar 16, 2010 6:33am Mar 16, 2010 6:33am
Quoting stallionez
It is a solution that identifies repeating cycles in the markets on different timeframes.

Google it and you will get more info. I dont want to fall foul of trying to sell a system etc on this site.
Thanks for the useful information. I'm looking into it now and appears quite well-developed.

Based on the solution, when could we definitely say that the down trend has been broken? If price continues to make higher highs and higher lows for another week? Is there a specific price threshold that the price must cross e.g., 1.3850 ?
  • #211,587
  • Mar 16, 2010 6:36am Mar 16, 2010 6:36am
i have allready booked 50 pips on eurusd now a runner trade with +30 atm and i also think it will go up to 1.3750.
  • #211,588
  • Mar 16, 2010 6:40am Mar 16, 2010 6:40am
Quoting TheLastCoke
Keep this in mind #89
Gracias!
  • #211,589
  • Mar 16, 2010 6:42am Mar 16, 2010 6:42am
as for now almost +200 pips of profits
eurusd and usdchf opposite direction as usually last days
details you know where
Attached Image (click to enlarge)
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  • #211,590
  • Mar 16, 2010 6:43am Mar 16, 2010 6:43am
It is approaching daily R 1...will trade between daily R 1 and R 2 till FOMC.

And since price will be already at a resistance zone at the time of FOMC, it will fall after FOMC annoucement irrespective what FOMC announces.

Above Resistance zone, technically there are no/less buyers. After mega FOMC event, price will fall to touch daily pivot or S 1.
  • #211,591
  • Mar 16, 2010 6:43am Mar 16, 2010 6:43am
Quoting investor_me
Thanks for the useful information. I'm looking into it now and appears quite well-developed.

Based on the solution, when could we definitely say that the down trend has been broken? If price continues to make higher highs and higher lows for another week? Is there a specific price threshold that the price must cross e.g., 1.3850 ?

The high we had on Friday was a MC1-4 point. We should now drop to the MC1-5 point. If mc1-5 point does not break the MC1-3 point then the bigger timeframe MC2-3 (red on chart) is still up and according to the rules then we will rally up and break MC1-4 last Friday. We wont know until we get closer to the due date of MC1-5 low which is on Monday. Price action then will inform us. So my plan would be to look for a really good rally from Tuesday next week if MC1-3 (March 2nd low) holds. If we go lower than the MC1-3 point then that confirms the MC2-3 (Red high) is in and we are dropping to MC2-4 (red) low, which is due on average around Monday 5th April, but it will come with either the MC1-5 or the MC1-7 (due Friday 9th APril).

Hope that makes sense?
  • #211,592
  • Mar 16, 2010 6:45am Mar 16, 2010 6:45am
Quoting investor_me
Thanks for the useful information. I'm looking into it now and appears quite well-developed.

Based on the solution, when could we definitely say that the down trend has been broken? If price continues to make higher highs and higher lows for another week? Is there a specific price threshold that the price must cross e.g., 1.3850 ?
If Stallion is agreeable I'll add a reply here.

If you look on the chart Stallion posted you can see at the bottom different coloured lines of increasing length. Each of these represents a longer time-frame, and the longer the timeframe the greater weight that is applied to whether it is signalling a high or low turning point.

Given that there are several clustered, and clustering is a key part of the MM as I recall, the possibility of a lower low, Stallions target of 1.32 for example, remains very high. The count is only invalidated if it can be demonstrated that the low point for these longer term timeframes has aloready occurred with the low from last week. This is more based on time than price, but in price terms I would suggest we need to break and clear 1.3850.

Hope this helps and doesn't confuse.

G-Man
  • #211,593
  • Mar 16, 2010 6:45am Mar 16, 2010 6:45am
Quoting DrLobo
I sold my long because there is too much talk about prices falling .
Well, keep watching, watch as my TP hits!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #211,594
  • Mar 16, 2010 6:46am Mar 16, 2010 6:46am
Or what Stallion said.

G-Man
  • #211,595
  • Mar 16, 2010 6:47am Mar 16, 2010 6:47am
Quoting stallionez
The high we had on Friday was a MC1-4 point. We should now drop to the MC1-5 point. If mc1-5 point does not break the MC1-3 point then the bigger timeframe MC2-3 (red on chart) is still up and according to the rules then we will rally up and break MC1-4 last Friday. We wont know until we get closer to the due date of MC1-5 low which is on Monday. Price action then will inform us. So my plan would be to look for a really good rally from Tuesday next week if MC1-3 (March 2nd low) holds. If we go lower than the MC1-3 point then that confirms the MC2-3...
Sure does, I'll inspect the graphs further. Thanks for your effort. I believe now that those two weeks are critical to see what happens to the long-term trend!
  • #211,596
  • Mar 16, 2010 6:51am Mar 16, 2010 6:51am
Quoting G-Man
If Stallion is agreeable I'll add a reply here.

If you look on the chart Stallion posted you can see at the bottom different coloured lines of increasing length. Each of these represents a longer time-frame, and the longer the timeframe the greater weight that is applied to whether it is signalling a high or low turning point.

Given that there are several clustered, and clustering is a key part of the MM as I recall, the possibility of a lower low, Stallions target of 1.32 for example, remains very high. The count is only invalidated if it can...
Thx G-man, yes bang on.

Just remember that MM is not the holy grail, but a good weapon to determine how the trend is going. it aids me to go long only if the trend is up for a few days. The bigger the timeframe is also a great indicator too, so at the moment my bigger timeframe is still pointing down into April. But i need confirmation and the only way that will happen is when we break 2nd March low. If it does then nearer the time i will look to go long and heavily long as it will be the third MC2 point low in a row and you cannot have anymore than that before the bigger timeframe comes in. Then we will rally up to either 14th May or 2nd July. I would prefer 2nd July as a min if we go lower this next week.
  • #211,597
  • Mar 16, 2010 6:55am Mar 16, 2010 6:55am
Shorts are safe .... for now
COT: The precious data ignored
  • #211,598
  • Mar 16, 2010 7:01am Mar 16, 2010 7:01am
gbpjpy gbpusd eurjpy eurusd all screaming sell
  • #211,599
  • Mar 16, 2010 7:01am Mar 16, 2010 7:01am
wow this is dificult to read which way its going to go in the next ew hours. i am out
  • #211,600
  • Mar 16, 2010 7:01am Mar 16, 2010 7:01am
Heres a chart showing the longer timeframes and i have dropped on two different arows to show the possibility. Nearer the time the price action will show us the route.

Attached Image (click to enlarge)
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Yaruki