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  • #217,921
  • Mar 30, 2010 3:46am Mar 30, 2010 3:46am
Quoting JgrB2010
It might be because widening in Greece's bund spread.

JgrB
Yes it was announced on Bloomberg about 10 minutes ago. Apparently it was a huge spike. Funny how it happened at a key resistance level.
  • #217,922
  • Mar 30, 2010 3:46am Mar 30, 2010 3:46am
Quoting Trading Cat
there you go, different time frames give you different trades and both can be right.


Good morning guys!


Yes - I have just read this post here. Absolutely right. Very tricky in different time frames different signals in there. I am a bit fed up with that.

I had it both ways. long and short - but it was hard to keep on beeing on the right track.
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #217,923
  • Mar 30, 2010 3:47am Mar 30, 2010 3:47am
just watching how price will react to this trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 31 KB
  • #217,924
  • Mar 30, 2010 3:48am Mar 30, 2010 3:48am
Quoting Fx Newbie
Good Morning All

According to my chart if that 30min candle closes below the pivot point i will short it on a retrace
so u use the super trendy indi on 30min, not bad. I am still not 100% convinced with it but had been running some test on demo account with 5min charts.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #217,925
  • Mar 30, 2010 3:49am Mar 30, 2010 3:49am
Quoting JgrB2010
It might be because widening in Greece's bund spread.

JgrB
so..will it come back to 3500 ?
  • #217,926
  • Mar 30, 2010 3:51am Mar 30, 2010 3:51am
Quoting lexazver
just watching how price will react to this trendline.
Indeed. It is also the daily pivot.
  • #217,927
  • Mar 30, 2010 3:51am Mar 30, 2010 3:51am
Now it is dancing around central pivot zone. But I do not touch it here.



EUR/USD:


Formed a symmetrical triangle Monday to consolidate the recent strength off the Mar. 25 reaction low at 1.3267, and Tuesday's upside break now brings Monday's high at 1.3530 into focus. The shallowness of the corrective triangle suggests there is scope for further strength above 1.3530/43, with upside targets at 1.3570 and 1.3608. Only below the triangle termination low at 1.3435 would question the bullish outlook, exposing 1.3346.
Weekly chart EUR/USD trend: Bearish.



This is the view of Francis Bray for today

More information you can get at the LINK below:
Attached File(s)
File Type: pdf 2010-03-30_European Forex Technicals - Auditor.pdf   9 KB | 245 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #217,928
  • Mar 30, 2010 3:53am Mar 30, 2010 3:53am
Quoting Jimz
so..will it come back to 3500 ?
Hopefully, because if you study it with some other currencies pairing with EUR it shows that there is possibility of it getting back for some time
  • #217,929
  • Mar 30, 2010 3:53am Mar 30, 2010 3:53am
Quoting Trading Cat
so u use the super trendy indi on 30min, not bad. I am still not 100% convinced with it but had been running some test on demo account with 5min charts.
it is part of my setup but i use Pivot point and Xpma indicator for confirmation.My rule is that if price is below the pivot point sell, above the pivot point buy.
Trade What You See and Not What You Think
  • #217,930
  • Mar 30, 2010 3:53am Mar 30, 2010 3:53am
Quoting Jimz
so..will it come back to 3500 ?
I know very little about these things but Bloomberg said it is bad for the euro.
  • #217,931
  • Mar 30, 2010 3:56am Mar 30, 2010 3:56am
No proper upside will happen without a spike into lows & if bought with conviction.

@Lastcoke

I said what I said about your targets because you were going against the main trend when conditions weren't pointing to a strong bounce. I was referring to 'likelihood' & not 'wishful thinking', just my personal opinion. My targets are in line with the main trend on the weekly chart.
Prices oscillate, trends persist. Trend is your friend.
  • #217,932
  • Mar 30, 2010 3:59am Mar 30, 2010 3:59am
Quoting jsspmk
No proper upside will happen without a spike into lows & if bought with conviction.

@Lastcoke

I said what I said about your targets because you were going against the main trend when conditions weren't pointing to a strong bounce. I was referring to 'likelihood' & not 'wishful thinking', just my personal opinion. My targets are in line with the main trend on the weekly chart.
When will you decide trend changed ?
COT: The precious data ignored
  • #217,933
  • Mar 30, 2010 4:01am Mar 30, 2010 4:01am
HIE eu retrace nw correction time!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 40 KB
  • #217,934
  • Mar 30, 2010 4:08am Mar 30, 2010 4:08am
Quoting kuroro001
When will you decide trend changed ?
Haha, that is the age old question of trading. The day you find out the answer is the day you will forever be rich aka holy grail.

IMO there is no way to determine that. You have to take a side. You can only "hope" that all the research you done increases the odds you are right. Having a system can increase that odd a lot too.

That is where money management kicks in. Get out fast if you're wrong. Sit back and relax if you are right.
  • #217,935
  • Mar 30, 2010 4:09am Mar 30, 2010 4:09am
Quoting kuroro001
When will you decide trend changed ?
That would negate downside for me, whether that would actually change trend I would have to see price action at the time.

http://www.forexfactory.com/showpost...stcount=217712
Prices oscillate, trends persist. Trend is your friend.
  • #217,936
  • Mar 30, 2010 4:10am Mar 30, 2010 4:10am
Quoting JgrB2010
I'm Spanish and worked for a drilling company in Kalimantan in late '80s.

Great country, very friendly people, impressive nature and fantastic food!

JgrB

They are quite nice to western but they killing chinese.
  • #217,937
  • Mar 30, 2010 4:15am Mar 30, 2010 4:15am
Quoting jsspmk
That would negate downside for me, whether that would actually change trend I would have to see price action at the time.

http://www.forexfactory.com/showpost...stcount=217712
Ok thanks
COT: The precious data ignored
  • #217,938
  • Mar 30, 2010 4:16am Mar 30, 2010 4:16am
Quoting thelws
Haha, that is the age old question of trading. The day you find out the answer is the day you will forever be rich aka holy grail.

IMO there is no way to determine that. You have to take a side. You can only "hope" that all the research you done increases the odds you are right. Having a system can increase that odd a lot too.

That is where money management kicks in. Get out fast if you're wrong. Sit back and relax if you are right.
You are sooo right and on the last part is where I need to improve, once that is done I will have my holy grail. Its all in ur head.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #217,939
  • Mar 30, 2010 4:17am Mar 30, 2010 4:17am
Hmm i should have closed my longs at 1.3535 this morning....
I don't think we'll see this area soon...we might go back towards 1.3000 zone in the next few days/weeks
If we go back to 1.3500 i'll close everything
COT: The precious data ignored
  • #217,940
  • Edited 4:38am Mar 30, 2010 4:17am | Edited 4:38am
Looking gold for eu movements , price may need up before the break down , eu already 1 step ahead but may need wait for gold to finish first.
sell setup perfection or signal H4 & down all tf & In m5 price need to go at above 1112.25 again for sell signal & hence may test 1115.50 before break down massive.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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