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  • #217,101
  • Mar 27, 2010 6:04pm Mar 27, 2010 6:04pm
will its crackforex and all of us are high any way its the weekend enjoy
  • #217,102
  • Edited 6:35pm Mar 27, 2010 6:04pm | Edited 6:35pm
Quoting SkyzerFX
Good pic there... That's what I have in mind too.. To play out my bullish

scenario EU should go over 1.35... Anyways... I'd scalping here and not

take any positions, until it's clear..

selling those 100 pip rallies is gonna continue to be the play to make the most....sure you can try to counter it, but why bother when you can make more in a safer way of just following current trend? Even if you make a bad entry, the trend will get you out of trouble when ur trading with it....
  • #217,103
  • Mar 27, 2010 6:24pm Mar 27, 2010 6:24pm

  1. Unless 1.3434 is broken, bears are still in charge.
  2. However, important data coming out in the later part of the week may swing this pair.
  3. See chart for levels.


Weekly numbers
Resistance: 1.3690, 1.3801, 1.4119
Support: 1.3483, 1.3434, 1.3267, 1.3068

  • #217,104
  • Mar 27, 2010 7:23pm Mar 27, 2010 7:23pm
Sentiment:- Bearish
Reason:-

  1. Fundamental – Although EU nations achieve agreement on Greek rescue package, I still remain bearish sentiment on EURUSD. While EU nations may able to rescue Greek, how about Portugal, Italy and Spain?
  2. Technical – EURUSD is having minor pullback after strong bearish movement for 3 days. Based on EW count, a) in long term, EURUSD is heading bearish Wave 5 zone.
    http://myinvest888.files.wordpress.c...ng?w=484&h=197
    b) in short term, EURUSD is having minor pullback.
    http://myinvest888.files.wordpress.c...ng?w=484&h=198

To do:-

  1. Retracement trend trading – I will monitor the movement of EURUSD on H4 to add short position.
    http://myinvest888.files.wordpress.c...ng?w=484&h=248

  • #217,105
  • Mar 27, 2010 9:10pm Mar 27, 2010 9:10pm
Quoting PipMaxzz
Next stop today is 1.32 and then bounce back to 1.325, looking at the fundamentals and the doubt on Euro amid stengthening USD
To be frank, I lost my short position, losing 20 pips. I admit. It did go down, but bounced back from 1.3266. Instead of taking the 10 pips profit, I held until it hit my stop loss
  • #217,106
  • Mar 27, 2010 9:27pm Mar 27, 2010 9:27pm
@Skyzer

95.897% lose because:

1. They don't know what they are doing, but think that they do
2. They don't know how to re-enter a trend
3. They don't know where to place stops
4. They don't know where to take profit
5. They don't understand what is probability
6. They don't have enough capital
7. They fall in love with their positions
8. They go with personal bias against markets' direction
Prices oscillate, trends persist. Trend is your friend.
  • #217,107
  • Mar 27, 2010 10:30pm Mar 27, 2010 10:30pm
Quoting kill56
sorry sky the chart
is that the i-regr indicator?
  • #217,108
  • Mar 27, 2010 11:08pm Mar 27, 2010 11:08pm
Quoting jsspmk
@Skyzer

95.897% lose because:

1. They don't know what they are doing, but think that they do
2. They don't know how to re-enter a trend
3. They don't know where to place stops
4. They don't know where to take profit
5. They don't understand what is probability
6. They don't have enough capital
7. They fall in love with their positions
8. They go with personal bias against markets' direction
not bad, quite a gd statement.

i do think there's more tho
  • #217,109
  • Mar 27, 2010 11:15pm Mar 27, 2010 11:15pm
oh well, tho i did expect eu to retrace more than some of other pairs,
yet i still have to place some short order as my plan shld do

lost 2 trades on eu, well gd that i add smaller lots.
and closest short entry is now on 3420

cover by profits from eg, gj, uj, etc hope the rest goes well.

for now, im thinking my order on 3420 short shld be taken out, but hard to say.
most prob price should retrace safely to maybe mid 34...
high probability of range market for awhile, still can only be determine by rejection
around 3440? 3450? 3460?
ain't sure, cox i have to check how price retrace back down and how it moves by then

but i'm definitely attempting shorts in the 34 zone, profit taking will be determine by how
much rejection in the 33 area
whether there is a reversal, will only be determine by the sequence of movements within this whole area
33-34+ b4 i'll consider longs.

ideally my long term buy signal is still 200 - 300 pips lower
  • #217,110
  • Mar 27, 2010 11:21pm Mar 27, 2010 11:21pm
I'm still in a short that's a few pips negative @ market close. The levels that I'll be watching are similar to some and here are my reasons why. 3450, if we break there 3560ish. I may go long though on the way up as we'll open above daily pivot and we are right at the weekly.

Chart has purple DP, blue S/R on daily, red weekly PP, yellow weekly S/R, yellow fib is off of the days move and lime green lines are other fib lines. That dark purple @ 3622 is still just on there cuz it's an important line(gators center of the universe).

Attached Image (click to enlarge)
Click to Enlarge Name: delete.gif Size: 45 KB
  • #217,111
  • Mar 28, 2010 1:10am Mar 28, 2010 1:10am
I do hope the wave 5 from EW already completed last week, and from the chart above we probably will see a retracement or pullback in from wave 5 with a-b-c type formation. An euro move toward 1.38 maybe will confirm this view.
  • #217,112
  • Mar 28, 2010 1:32am Mar 28, 2010 1:32am
Quoting 9000rpm
is that the i-regr indicator?
no here its
Attached File(s)
File Type: mq4 Harmonic_Patterns1_.mq4   59 KB | 336 downloads
File Type: ex4 Harmonic_Patterns1_.ex4   82 KB | 268 downloads
  • #217,113
  • Edited 2:02am Mar 28, 2010 1:48am | Edited 2:02am
Quoting arif_endro
I do hope the wave 5 from EW already completed last week, and from the chart above we probably will see a retracement or pullback in from wave 5 with a-b-c type formation. An euro move toward 1.38 maybe will confirm this view.
May be but nothing to convince yet , let market shows up it did & many have to pay the fees of the show for sure.in smaller tf a microscopic v subwave can be drawn of the 5th to simulate the end though. even if it did that where the market may go next , lots of up ? may not but apprently very big down again , EW may repaint to accomplish movements down again or BC correction to the very bottom.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #217,114
  • Mar 28, 2010 2:23am Mar 28, 2010 2:23am
Quoting kill56
no here its
Thanks kill for the indicator , I do like & trade price patterns , setups & TD and checking it works in my old computer . Before using pattern search hanged me frequently & could use.
bear ready for action in m30 & waiting confirmation in h1 too.
3 drive up was finished in m15 & possible 5th failure going to happen there , bearish.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #217,115
  • Edited Jun 22, 2018 9:09pm Mar 28, 2010 2:58am | Edited Jun 22, 2018 9:09pm
Quoting fontu
Thanks kill for the indicator , I do like & trade price patterns , setups & TD and checking it works in my old computer . Before using pattern search hanged me frequently & could use.
bear ready for action in m30 & waiting confirmation in h1 too.
3 drive up was finished in m15 & possible 5th failure going to happen there , bearish.
fontu
u welcome bro try this too

{ copyrighted attachments deleted by staff }
  • #217,116
  • Mar 28, 2010 4:16am Mar 28, 2010 4:16am
hey my invest8888 have u thought that a possible other scenerio instead of that for the short term is an a,b,c then a pull up ; it looks as though two scenerios the market will follow it or it looks like a contention on a possible break for the long term. If you make a channell of the 1,2,3,4,5 going down it appears if you put the lines in for the channell the eur/usd cld possibly break that channell and go up not even hitting your area 5 marker. I could be wrong which I am open with and that is why I am here to learn. ie it will do what you will say or it will break that channell and hit up early. I look forward in getting better and I hope everyone is doing well
  • #217,117
  • Edited 5:02am Mar 28, 2010 4:31am | Edited 5:02am
tomorrow is monday and today is sunday :-)
  • #217,118
  • Mar 28, 2010 4:37am Mar 28, 2010 4:37am
Hi

It looks still bearish for the market, and the news in EU also not very good so far, greece still sick with a big minus. And all EU states will use the german strategie for tax and so on. So maybe this will be good for EU and make a bullish market. Lets see what happens.

Best Regards
  • #217,119
  • Mar 28, 2010 4:37am Mar 28, 2010 4:37am
Greece will be selling Eurobonds this week..

March 27 (Bloomberg) -- Greece is planning to sell Eurobonds next week, a move that will test the rescue plan devised by euro-zone leaders, the Financial Times said, citing an interview with Petros Christodoulou, head of the public debt- management agency.
The country would like to borrow about 5 billion euros ($6.7 billion) before the end of the month, Christodoulou said, according to the FT. Greece may sell either a three-year or seven-year bond, to be followed in April by bonds of a similar size, the newspaper said.
Christodoulou declined to comment on the report when contacted by Bloomberg News today.
  • #217,120
  • Mar 28, 2010 5:39am Mar 28, 2010 5:39am
Quoting Clairvoyant
not bad, quite a gd statement.

i do think there's more tho
yes, 1st point generalises
Prices oscillate, trends persist. Trend is your friend.
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