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  • #215,321
  • Mar 24, 2010 12:47am Mar 24, 2010 12:47am
Quoting investing101
something has been building with the usdchf I got a huge signal from this pair in the 60 minute chart and then all pairs followed in favor of the dollar. SOMETHING IS HAPPENING EVEN THE USDJPY IS UP WHEN NORMALLY IT SHOULD BE HOLDING OR GOING DOWN.
japan is easing monitary supply.. i guess they will start paying people to borrow
those who can, do. those who cant, talk about those who can
  • #215,322
  • Mar 24, 2010 12:51am Mar 24, 2010 12:51am
Quoting gatorinla
its counter trend.. if no new low first 3449.5 mid 3494 target... but i would not long it. but it could be a place to short.
Thanks a lot. Had something similar in mind. Btw, I only short. have bought eu only once this year.
  • #215,323
  • Mar 24, 2010 12:51am Mar 24, 2010 12:51am
morning,

i am still short from 1.3789 but thinking of closing my positions, My limit is set to 1.3140..
  • #215,324
  • Mar 24, 2010 12:52am Mar 24, 2010 12:52am
I am planning to go long.... Guys, any advices? Is this suiscidal?
  • #215,325
  • Mar 24, 2010 12:53am Mar 24, 2010 12:53am
Quoting PipMaxzz
I am planning to go long.... Guys, any advices? Is this suiscidal?
Maybe it is a good day to trade news only. There should be some coming out today.
  • #215,326
  • Mar 24, 2010 12:57am Mar 24, 2010 12:57am
Quoting PipMaxzz
I am planning to go long.... Guys, any advices? Is this suiscidal?
considering it just broke down from the bear flag and the target is around 1.28, yes it would be
  • #215,327
  • Mar 24, 2010 12:58am Mar 24, 2010 12:58am
after this
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 25 KB
those who can, do. those who cant, talk about those who can
  • #215,328
  • Mar 24, 2010 12:59am Mar 24, 2010 12:59am
Quoting Icannaesee
Well I think, looking at the H4 that we're going to go up to around 1.360 on Monday and or Tuesday and then we'll spend the rest of the week heading south. I think We're in the third downward wave of the elliot wave we've been seeing on that chart since early December.

But I'm not a market expert I'm just posting here so I can look back and see if I'm right in a week or two.
Ok one day I am going to trust my read of the markets and actually use pending orders.... wanders off to kick himself hard for sleeping.
I operate with clear definite rules, if I break them I lose BIG!
  • #215,329
  • Mar 24, 2010 1:03am Mar 24, 2010 1:03am
Quoting Icannaesee
Ok one day I am going to trust my read of the markets and actually use pending orders.... wanders off to kick himself hard for sleeping.
You had a good prediction bro! How did you come to that conclusion?
  • #215,330
  • Mar 24, 2010 1:08am Mar 24, 2010 1:08am
Quoting PipMaxzz
You had a good prediction bro! How did you come to that conclusion?
Tbh from my vague understanding of elliot wave theory (very vague), my actual dislike of the Euro (hey I live in Britain I have to dislike it) and the good old fashioned gut instinct indicator.

But given the fact I broke my account back in January I'm being a little too cautious now
I operate with clear definite rules, if I break them I lose BIG!
  • #215,331
  • Mar 24, 2010 1:09am Mar 24, 2010 1:09am
Quoting bguguen
I hate to say this but your chart and the lines you drawn is rather biased to the bearish side, you need to also show bullish elements in it to determine how the trend is going.
Perhaps now you will see the benefits of the analysis. The trend was/is clearly down. Longs were countertrend trades. Hope you saw the shaded area in the graph. Countertrend again now off the touch of the lower line. Countertrend trades have limited potential, but there are many and they add up.
  • #215,332
  • Mar 24, 2010 1:11am Mar 24, 2010 1:11am
Quoting malcolmb14
With you on this one. The way they moved eu into 1.3560 and then just hit her hard again is a good sign we move down by end of week.

Also that move in markets at eod was odd to say the least and on massive volume ( could be hidden sellers)
true
  • #215,333
  • Mar 24, 2010 1:16am Mar 24, 2010 1:16am
Quoting PipMaxzz
I am planning to go long.... Guys, any advices? Is this suiscidal?
Probably 3350-3360s is the price u might consider. Here is kinda risky...
  • #215,334
  • Mar 24, 2010 1:17am Mar 24, 2010 1:17am
Quoting Icannaesee
Tbh from my vague understanding of elliot wave theory (very vague), my actual dislike of the Euro (hey I live in Britain I have to dislike it) and the good old fashioned gut instinct indicator.

But given the fact I broke my account back in January I'm being a little too cautious now
I am not a big fan of any of the lagging indicators. You seems to have a good leading indicator 'your instinct' :-)
  • #215,335
  • Mar 24, 2010 1:19am Mar 24, 2010 1:19am
If that talk yesterday of DNT barrier at 1.3400 is correct someone is about to get taken to the cleaners.!!
  • #215,336
  • Mar 24, 2010 1:19am Mar 24, 2010 1:19am
Quoting billymoney
Probably 3350-3360s is the price u might consider. Here is kinda risky...
Thanks billy! I did not see any reason for Euro to drop this much. but I need to trust the PA. Will wait for the monthly S1 at 1.3374 and we will know of any news by then.
  • #215,337
  • Mar 24, 2010 1:25am Mar 24, 2010 1:25am
Quoting bidvestbank
i am still short from 1.3789 but thinking of closing my positions, My limit is set to 1.3140..
Good. One thing I've figured out so far (and I'm still pretty new at this) - is to set stops, not limits. The other thing I've figured out so far is that the trend is your friend - until it bends
  • #215,338
  • Mar 24, 2010 1:30am Mar 24, 2010 1:30am
Ok, finally some movement.

Lets see how tonight/tomorrow can play out.

Positioning levels seem relatively modest apart from CHF pairs, it appears most are waiting for the SNB to step up to the plate.

Eur/U position levels, again, appear to be modest although most of the volume appears bound to the long side. (This can perhaps be explained by averaging in as players build longs hoping to catch the bottom) As such, most **would have** placed their stops within the 1.3230-1.3369 region. The market seems fixated on attacking these clusters of stops.

The same can be said of E/jpy...participants appear to expect a move up to 1.25+ again. As such, I assume most jumped in around 1.23xx. They should bail sub 1.20 ... triggering stops, further adding to Eur/U's downside
momentum.

Anyways, Im sitting on my hands until both events occur. (If they do)

Levels Im watching are 1.3230-1.3369.

Of course I could be wrong .... I just trade where I think the most stops are located.

G.luck nonetheless and use stop-loss orders!!!....
  • #215,339
  • Mar 24, 2010 1:34am Mar 24, 2010 1:34am
I have 3406 as the weekly S1, which stopped this drop dead in it's tracks. I'll look to re-enter somewhere under 3390 and see how we go from there. Not a bad effort from the Asian market though....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #215,340
  • Mar 24, 2010 1:40am Mar 24, 2010 1:40am
Quoting gatorinla
after this

The DX has legs today and has finally got a firm break out of the range. I'm just glad I don't have to look at or hear about "the rounded bottom" any longer.
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