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  • #220,621
  • Apr 5, 2010 5:17pm Apr 5, 2010 5:17pm
Quoting pipper
How do you see it going Gator. I have to pack it in here as it's late. Have work too tomorrow so debating whether to hold my short @ 1.3533 or take the gains now
always take at least some some profit. euro doesnt have any strength. but with commodities going up neither does the usd. so you got a fight with the weakest. im looking for either 4437 or 3555 ish + slip on both. possible thursdays 3595 +.......both suck at the moment.. so maybe we stagnate a while.
those who can, do. those who cant, talk about those who can
  • #220,622
  • Apr 5, 2010 5:18pm Apr 5, 2010 5:18pm
Would that be a downtrend reversal "W" on the 5min

Quoting vinesh2
We are making higher highs and higher lows tells me we are on the verge of major reversal on EU.
Disclaimer: Check your 1m charts
  • #220,623
  • Apr 5, 2010 5:21pm Apr 5, 2010 5:21pm
Quoting Mr Hatch
but i somehow understand it. considering the move from feb last year, if we seriously broke this area, euro would officially be in a downtrend with all its economic and systematic consequences. add in (mis-)trust and it could go down another 3000 pips.
euro is below 1.6 and last years 1.51... and other then sky.. few would bet both nutz we are in a uptrend.
those who can, do. those who cant, talk about those who can
  • #220,624
  • Apr 5, 2010 5:21pm Apr 5, 2010 5:21pm
thanks for advice Gator. Will call it a day so i'll live to trade another day as i'm still learning the ropes

Quoting gatorinla
always take at least some some profit. euro doesnt have any strength. but with commodities going up neither does the usd. so you got a fight with the weakest. im looking for either 4437 or 3555 ish + slip on both. possible thursdays 3595 +.......both suck at the moment.. so maybe we stagnate a while.
Disclaimer: Check your 1m charts
  • #220,625
  • Apr 5, 2010 5:34pm Apr 5, 2010 5:34pm
Quoting pipper
thanks for advice Gator. Will call it a day so i'll live to trade another day as i'm still learning the ropes
I think we are consolidating and will then have a break to the upside. I'm overall still leaning on downtrend, but we need to kiss 3500 one more time if that's going to resume. If we blow through 3500 and get up to 3572+ then watch out for a big retrace or big range the remainder of the week. To me the lines are clearly marked. All you need to have is patience.
  • #220,626
  • Apr 5, 2010 5:35pm Apr 5, 2010 5:35pm
Is this the congested right shoulder as the left shoulder had similar choppy action. The left shoulder hasn't been hit yet? Buying up to there and then looking for a short entry with my demo.
Attached Image (click to enlarge)
Click to Enlarge Name: Head and shoulders.JPG Size: 65 KB
Founder of Sutherland Wave Principle
  • #220,627
  • Apr 5, 2010 5:46pm Apr 5, 2010 5:46pm
short 3487 sl 3514 tp 3470
  • #220,628
  • Apr 5, 2010 5:48pm Apr 5, 2010 5:48pm
Quoting SkyzerFX
Sure, it can be done for few month, if you lucky.. I wonder what happens

to my bud, Dr. Evil (Avatar), he was placing like 25% of his account on the

single trade... Looks like he's gone.. I hope not, cause I never wish

anyone to lose money.

"Timing is everything" - nobody can time market.. You can only try to identify Areas to sell of buy..
well in the end it comes down to %...reccommended is 2-5%...8%is high but not pushing too hard..i changed because with 4% it wasnt working out for me, now it is so far..when it stops i ll change to something else and eventually will find the equilibrium, or get a job at kfc or sthg hah
  • #220,629
  • Apr 5, 2010 5:50pm Apr 5, 2010 5:50pm
We might come back to test 1.346 area and if it holds we might have enough juice to break last week's high and beyond far off target is 1.40 1st
  • #220,630
  • Apr 5, 2010 5:55pm Apr 5, 2010 5:55pm
What effect would the positive number of nfp have this week ?
  • #220,631
  • Apr 5, 2010 6:08pm Apr 5, 2010 6:08pm
Check out price behaviour during uptrend's end of cycle & now, I fail to see a reversal now. Of course daily may kick something of, but I will only change my mind when weekly trend changes.

http://www.dormantrading.com/TraderT...=CANDLE&data=W
Prices oscillate, trends persist. Trend is your friend.
  • #220,632
  • Apr 5, 2010 6:12pm Apr 5, 2010 6:12pm
Quoting ledobedo
well in the end it comes down to %...reccommended is 2-5%...8%is high but not pushing too hard..i changed because with 4% it wasnt working out for me, now it is so far..when it stops i ll change to something else and eventually will find the equilibrium, or get a job at kfc or sthg hah
I regularly put 100% margin into a trade. The percent risked should factor in expected holding time
  • #220,633
  • Edited 6:38pm Apr 5, 2010 6:25pm | Edited 6:38pm
I'm gonna predict EUR/USD is gonna go up to 1.3680 /1.3715 (SELL HERE) In the next two days then plummet to 1.3410 over two days at the end of the week. I got some voodoo prediction technique, I just learned how to do with paintshop instead of printing charts. U gonna be blown away at the accuracy and timing. This doesn't always come off, but when it does it's mighty powerfull. Once I caught 600 pips in one day on a live account.

Update: Wed morning about 8am will be at .3680 .3715 SELL all the way to .3410 I wouldn't count on this for real obviously but if it gets to these levels remember what I said.
Founder of Sutherland Wave Principle
  • #220,634
  • Apr 5, 2010 6:32pm Apr 5, 2010 6:32pm
Quoting suthmo
Is this the congested right shoulder as the left shoulder had similar choppy action. The left shoulder hasn't been hit yet? Buying up to there and then looking for a short entry with my demo.
I think max 1,35, no more...and then down.....maybe :-O ....
  • #220,635
  • Apr 5, 2010 6:37pm Apr 5, 2010 6:37pm
Quoting virgilum
I think max 1,35, no more...and then down.....maybe :-O ....
absolutely agree
  • #220,636
  • Apr 5, 2010 6:38pm Apr 5, 2010 6:38pm
Quoting suthmo
I'm gonna predict EUR/USD is gonna go up to 1.3680 /1.3715 (SELL HERE) In the next two days then plummet to 1.3410 over two days at the end of the week. I got some voodoo prediction technique, I just learned how to do with paintshop instead of printing charts. U gonna be blown away at the accuracy and timing. This doesn't always come off, but when it does it's mighty powerfull. Once I caught 600 pips in one day on a live account.
Last week Short @1.3570 I`m waiting 1.3150 BIG PIVOT: 1.3681
  • #220,637
  • Apr 5, 2010 6:39pm Apr 5, 2010 6:39pm
Quoting suthmo
Is this the congested right shoulder as the left shoulder had similar choppy action. The left shoulder hasn't been hit yet? Buying up to there and then looking for a short entry with my demo.
Good chart , good analysis Go SHORTT
  • #220,638
  • Apr 5, 2010 6:40pm Apr 5, 2010 6:40pm
i just remember many ppl talked bout shorting aud usd, but look at h4 chart..bloody head n sholder there, so that one can break either way
  • #220,639
  • Apr 5, 2010 6:45pm Apr 5, 2010 6:45pm
Quoting cagriguler
Good chart , good analysis Go SHORTT
already short...i wonder what happened to the supposed rate change..anyone got anything?
we are at good resistance...4 touches on my 5 min chart
  • #220,640
  • Apr 5, 2010 6:47pm Apr 5, 2010 6:47pm
Quoting cagriguler
Last week Short @1.3570 I`m waiting 1.3150 BIG PIVOT: 1.3681
1.3382 is the line in the sand, lose it and no soap for the bulls
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