Wow. woke up and saw EURO at 1.33.
I will go long when it hits 1.31
I will go long when it hits 1.31
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Dislikedyes good point and I will be ready and waiting for exactly thisIgnored
Dislikedalright, a little light has been lit. just to clarify: if we have strong s/r just somewhere (time doesn't matter because of market memory, does it?), mr. market will return to retest it's strength/validity sometime?
if this was the case, i could light another candle on my way to understanding.Ignored
Dislikedalright, a little light has been lit. just to clarify: if we have strong s/r just somewhere (time doesn't matter because of market memory, does it?), mr. market will return to retest it's strength/validity sometime?
if this was the case, i could light another candle on my way to understanding.Ignored
Dislikedoanda is having serious connection issues lately.
"sorry for your inconvenience." yadda, yadda.Ignored
DislikedThanks TC. Me too. I just wish we know when it will be! But if the Euro is in very serious trouble it may not come back to the resistance. As I said on one of my previous posts, Goldman Sachs will probably put a buy on it to drive it up so that they can sell at a better level.Ignored
DislikedNot always, but you will frequently see former support tested as resistance (and vice versa) post breakout.Ignored
Dislikedto me its a yes and no answer. cox it depends on which direction its moving, else elliot wouldn't work and depending on which waves... as i do use waves to analyse my trades, not pro like some others tho.
but if you want to simply put it, then its yes...Ignored
Dislikedthanky to both of you. i was looking at weekly chart and saw the s/r functionality, but i would never have thought of this to of such importance, because at the same time we went through it back and forth a few times as well. i wasn't aware of the fact that a s/r stays valid in such a case.Ignored
Dislikedalright, a little light has been lit. just to clarify: if we have strong s/r just somewhere (time doesn't matter because of market memory, does it?), mr. market will return to retest it's strength/validity sometime?
if this was the case, i could light another candle on my way to understanding.Ignored
DislikedJust remember it is not a precise science, rather an art. If in your estimation, former support was at 3440, that does not mean that if it goes to 3442 it has failed as resistance. You have to watch the PA around the area.....Ignored
Dislikeddont let the news confuse you, its all rubbish anyway the market eg € does what it does some panic here, some there makes it more interesting but in the end it goes where it wants to and no one can change it.
Right now it looks a little bleak but wait a few weeks even month and all turns back to the US and says how shitty everything is with da Dollar. Could easy be we will be by then at 1.28 of so, but it will come for sure just wait and see. The 3440 should be a massive resistance as it f*#cked around that level for nearly 2 month .
Dont run...Ignored
DislikedWell....to me it look like the eur/usd wants to move up for a while...maybe go get all the stops sitting up around 1.35 area....I get the feeling it is done going down for the next 36-48 hours....Ignored
DislikedWell....to me it look like the eur/usd wants to move up for a while...maybe go get all the stops sitting up around 1.35 area....I get the feeling it is done going down for the next 36-48 hours....Ignored
DislikedBut that's just a feeling - I would treat it as such. I don't mean this in a rude way, just food for thought. Looking at the 5M, it's obvious we're consolidating, and though it has a bias lower, you could ultimately be correct. Why not wait for a break of the consolidation in an impulsive move upward prior to risking a trade long with a tight stop?Ignored