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  • #212,721
  • Mar 18, 2010 7:57am Mar 18, 2010 7:57am
Quoting jsspmk
resolution not too far away
Wow!!! That yellow trendline you draw can give bears hope!!
I'm also waiting for that market behaviour to repeat (consolidation for 25-6 days and then price falling again), but sincerally anything could happen. This sideways market has a very extended range. Hope your yellow TL holds!!
  • #212,722
  • Mar 18, 2010 7:59am Mar 18, 2010 7:59am
Quoting maurofx
Wow!!! That yellow trendline you draw can give bears hope!!
I'm also waiting for that market behaviour to repeat (consolidation for 25-6 days and then price falling again), but sincerally anything could happen. This sideways market has a very extended range. Hope your yellow TL holds!!
Lines are approximate areas, there has to be a clean break, like witnessed in SPX of 666 lows, that's how bottoms are made & choo-choo non stop, this Euro price action is pathetic.
Prices oscillate, trends persist. Trend is your friend.
  • #212,723
  • Mar 18, 2010 8:00am Mar 18, 2010 8:00am
Unfortunately buy order not tp by 1pip, forgot spred while set.anyway still on support line move further.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #212,724
  • Mar 18, 2010 8:03am Mar 18, 2010 8:03am
Quoting jsspmk
resolution not too far away
Since there has been no REAL trend in the price movement for over a month now, I just recently erased the trend lines that were about to "expire" and replaced them with these simple top and bottom line. See Daily Chart
Attached Image (click to enlarge)
Click to Enlarge Name: Euro031810.jpg Size: 175 KB
+ Charts Happen
  • #212,725
  • Mar 18, 2010 8:03am Mar 18, 2010 8:03am
great trade again Fontu!

from this point down i am looking for high volume to get in long.

volume seems to be building...

Quoting fontu
Unfortunately buy order not tp by 1pip, forgot spred while set.anyway still on support line move further.
fontu
dreams do come true.
  • #212,726
  • Mar 18, 2010 8:06am Mar 18, 2010 8:06am
Some of you guys have to understand psychology behind real vs artificial price action.

When price of a product has declined so it has become basically cheap there is no negotiation, buyers come in & their overwhelming buying frenzy erupts into a big candle on the weekly chart. On the other hand when there is no conviction price action is considered to be a retracement which offers most of the time a limited opportunity. So why go long holding hands with artificial price action that has statistically a limited opportunity?
Prices oscillate, trends persist. Trend is your friend.
  • #212,727
  • Mar 18, 2010 8:08am Mar 18, 2010 8:08am
Quoting jsspmk
resolution not too far away
What are you looking at? BUY while you can...
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #212,728
  • Mar 18, 2010 8:09am Mar 18, 2010 8:09am
Quoting SkyzerFX
What are you looking at? BUY while you can...
You know, that's exactly what I was going to ask you
Prices oscillate, trends persist. Trend is your friend.
  • #212,729
  • Mar 18, 2010 8:09am Mar 18, 2010 8:09am
Quoting Passholder
Since there has been no REAL trend in the price movement for over a month now, I just recently erased the trend lines that were about to "expire" and replaced them with these simple top and bottom line. See Daily Chart


Hi,

Quite a basic Q here possibly, how you draw those top and bottom lines? I use esignal
  • #212,730
  • Mar 18, 2010 8:10am Mar 18, 2010 8:10am
when is the action going to begin ?? market has gone to slep
  • #212,731
  • Mar 18, 2010 8:10am Mar 18, 2010 8:10am
EURO-DOLLAR: System accounts said behind the dip in euro-dollar to
$1.3660 area but talk also mentioning semi-official name as a seller in
current trade, adding to downside pressure. Pair eases under $1.3660,
expected to find demand at the $1.3647 overnight low area.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #212,732
  • Mar 18, 2010 8:11am Mar 18, 2010 8:11am
SL 20 pips away. not a huge loss if the goes down from here. while if it goes up... great R/R in y opinion.

seems my plan worked out really good, went down to 56 (i was looking at 58) and is picking up steam to the up side.

down candle with low vol would be good now. let's see what it brings.

Quoting SkyzerFX
What are you looking at? BUY while you can...
dreams do come true.
  • #212,733
  • Edited 8:23am Mar 18, 2010 8:13am | Edited 8:23am
Quoting wannaberich
great trade again Fontu!

from this point down i am looking for high volume to get in long.

volume seems to be building...
Accumulation perhaps & may some movements up , but if bear strong it will not care for d point & at the same time price in undershoot area , extremely difficult to up rather go next level down .anyway I will manage it. supportline 1.3651 & chances double bottom will do action.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #212,734
  • Mar 18, 2010 8:16am Mar 18, 2010 8:16am
got in long at 60. hope you are not right this time

anyway after yesterday good trade if it goes to sl no one will die!

down candle with bigger volume... not looking good.

Quoting fontu
Accumulation perhaps & may some movements up , but if bear strong it will not care for d point & at the same time price in undershoot area , extremely difficult to up rather go next level down .anyway I will manage it.
fontu
dreams do come true.
  • #212,735
  • Mar 18, 2010 8:17am Mar 18, 2010 8:17am
In all thats being going on, I completely forgot the CFTC March 22 deadline (Monday)

http://www.fxstreet.com/news/forex-n...medium=twitter
  • #212,736
  • Mar 18, 2010 8:23am Mar 18, 2010 8:23am
DAX looks very scary for longs at the moment. sort of double top again. we had this on the 12th of march and came down nicely. I didnt take the trade but might take it today, will decide on us open.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #212,737
  • Mar 18, 2010 8:23am Mar 18, 2010 8:23am
well, well, I see the battle lines are in play. My troops at the ready. Will the big money turn defence into offensive.
  • #212,738
  • Mar 18, 2010 8:24am Mar 18, 2010 8:24am
Speaking about Greece:

"1314 GMT [Dow Jones] Steven Wood of Insight Economics says the slight widening in current account deficit was the
result of the rebound in global trade volumes. Nevertheless, Wood points out the fourth-quarter deficit still requires
the U.S. to borrow $1.27 billion every day (including Saturdays, Sundays, and holidays) in order to finance the shortfall."
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #212,739
  • Mar 18, 2010 8:26am Mar 18, 2010 8:26am
just went in long with 15pip SL... as has been said a few times, good R/R potential here...4hr stochastics could cross by end of UK session to start another climb up....guess we'll have to see
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  • #212,740
  • Edited 8:41am Mar 18, 2010 8:29am | Edited 8:41am
Quoting wannaberich
got in long at 60. hope you are not right this time

anyway after yesterday good trade if it goes to sl no one will die!

down candle with bigger volume... not looking good.
My long still there , sl not placed at be before but below the low ,not hit .as per analysis it 1.3723-75 movements up and 1.3694 was first stop where I placed tp while go rest & up failed there to bull further . anyway I will see how much it go up .pending shorts already there too.
they all up, gj,gu & eu.
for eu 1.3685 will take care ,recent resistant, may work for bear continuation .intermediate 1.3728.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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