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  • #223,321
  • Apr 10, 2010 3:06pm Apr 10, 2010 3:06pm
Quoting malcolmb14
easy very easy as to why euro did not close above 1.35000.

euro daily atr 14 is 110 pip . Low of london / us was 1.3362 , high 1.3500. In fact above the atr.

For euro to have a larger atr than even 138 pips ( 20 % above normal) would have been super bull.

Moving forward to Sunday. I hope there is no gap , or at least gap is filled. I want to get long off 1.3475 to 1.3450 with move to 1.3650 to 1.3800 by end of next week
You are kidding me right?
All that is left in FF is just plain garbage. "Cloggie"
  • #223,322
  • Apr 10, 2010 3:11pm Apr 10, 2010 3:11pm
Quoting tonyo524
You are kidding me right?
Yeah that Run was on Rumor only, nothing behind it yet..

One more BS story and EU will drop like a rock again..

On the other hands I'd rather watch USDx, cause looks like it want's to Tank..

USDx and DOW first and the rest should be relatively easy..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #223,323
  • Apr 10, 2010 3:13pm Apr 10, 2010 3:13pm
Quoting malcolmb14
chart as to why the down move has weakened

Attachment
Here is another way to see a daily chart, for instance taking Lastcoke's early alarm signal of a HH, it is not there at the moment. Indicators are calling for a countertend move, but no HH for now. Real trends have to have breakouts, fake ones don't.

http://www.dailyfx.com/technical_analysis/elliott_wave/
Prices oscillate, trends persist. Trend is your friend.
  • #223,324
  • Apr 10, 2010 3:25pm Apr 10, 2010 3:25pm
Quoting SkyzerFX
Yeah that Run was on Rumor only, nothing behind it yet..

One more BS story and EU will drop like a rock again..

On the other hands I'd rather watch USDx, cause looks like it want's to Tank..

USDx and DOW first and the rest should be relatively easy..
If Dow really ranks, then USD will rise dramatically. Have you heard that when confidence in stocks is lost cash is king? So if stocks start selling off USD ought to rise, that's not to say USD will go into long term up trend though. USD needs strong economy, with huge deficits and slow growth...the rest is yours, take it away
Prices oscillate, trends persist. Trend is your friend.
  • #223,325
  • Apr 10, 2010 3:27pm Apr 10, 2010 3:27pm
Quoting SkyzerFX
Yeah that Run was on Rumor only, nothing behind it yet..

One more BS story and EU will drop like a rock again..

On the other hands I'd rather watch USDx, cause looks like it want's to Tank..

USDx and DOW first and the rest should be relatively easy..
Sky could you post the simulator? it must be very helpful to test strategies.
  • #223,326
  • Apr 10, 2010 3:36pm Apr 10, 2010 3:36pm
Using what I know of fib, ma and pattern techs to ‘see’ PA – sorry, I don’t get fancy, I just use what works for me. Here’s what I’ve seen off of daily and 4 hour charts. For those of you who know me; yes, it’s a far cry from scalping for a living, but it seems to have added years to my life.
Daily –
1.After the ‘rounded bottom (as some have referred to it on the thread), there was never a confirming, or rather, convincing close above the 23.6 fib line ( drop from 1.4577 on 1/13/10 to 1.3444 on 2/18 &2/24) along with just a touch(not a move over) of my 50ma {acting as resistance}; suggesting a continued move downward to me. At first, I thought this might really dump, but the doji on 3/25 told me to do two things. 1 – move my bottom fib anchor to 1.3266 while keeping my top anchor of 1.4577 intact. 2 – watch for a move over the 23.6 of my new fib set. A touch then slam back down of that 23.6 suggested a retest of low which it almost achieved Thursday. Well PA didn’t like that so much and we are now forming a big ‘ole ‘W’ – which is a suggestion that trend could possibly and I mean possibly be changing.

Attached Image (click to enlarge)
Click to Enlarge Name: eu daily 2.gif Size: 30 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eu daily.gif Size: 31 KB



2.Now for the 4 hour – Again, we see a big ‘ole ‘W’ forming there also, but the pattern has not completed yet. All fundamental news aside (Greece, Spain, Poland, China, US – the whole damn world for that matter), ‘seeing’ things purely from a technical point; I am looking for PA to complete pattern to at least the 50% fib off my 4 hour chart and probably all the way to the 61.8% at 1.3600 and potentially beyond.

Attached Image (click to enlarge)
Click to Enlarge Name: eu 4 hr.gif Size: 36 KB


Again, this is what I'm seeing - I could be wrong and usually am. Though, as always, with proper MM and following what works for me, things work out o.k. in the long run.

Seer
Pip what you see; See what you pip!
  • #223,327
  • Apr 10, 2010 3:39pm Apr 10, 2010 3:39pm
Interesting perspective on financial terrorism.

Inserted Video
  • #223,328
  • Apr 10, 2010 3:42pm Apr 10, 2010 3:42pm
Quoting SeerEye
Well PA didn’t like that so much and we are now forming a big ‘ole ‘W’ – which is a suggestion that trend could possibly and I mean possibly be changing.

2.Now for the 4 hour – Again, we see a big ‘ole ‘W’ forming there also, but the pattern has not completed yet.

Seer
+1 #466
  • #223,329
  • Apr 10, 2010 3:44pm Apr 10, 2010 3:44pm
Quoting TheLastCoke
+1 #466
yup -
Pip what you see; See what you pip!
  • #223,330
  • Apr 10, 2010 3:53pm Apr 10, 2010 3:53pm
Quoting SeerEye
Using what I know of fib, ma and pattern techs to ‘see’ PA – sorry, I don’t get fancy, I just use what works for me. Here’s what I’ve seen off of daily and 4 hour charts. For those of you who know me; yes, it’s a far cry from scalping for a living, but it seems to have added years to my life....
WB bro
keep the great work
  • #223,331
  • Apr 10, 2010 4:05pm Apr 10, 2010 4:05pm
Quoting TheLastCoke
+1 #466

Aren't W's followed by V's?
And how deep do V's go?
  • #223,332
  • Apr 10, 2010 4:11pm Apr 10, 2010 4:11pm
Quoting AlexC
Aren't W's followed by V's?
And how deep do V's go?
Those are reversal patterns.

V, W or VVV,(V bottom, double bottom or triple bottom) the target is usually the lenght of the leg in this case 300 pips.
  • #223,333
  • Apr 10, 2010 4:13pm Apr 10, 2010 4:13pm
Quoting tonyo524
You are kidding me right?
No Mr Perma Bear. I am Not kidding you .

1.3670 t1
1.3749 t2

NO kidding
Blogging daily now at www.volume.zone
  • #223,334
  • Apr 10, 2010 4:14pm Apr 10, 2010 4:14pm
Quoting TheLastCoke
Those are reversal patterns.

V, W or VVV,(V bottom, double bottom or triple bottom) the target is usually the lenght of the leg in this case 300 pips.
LC, your charts are different than mine.
Do you have them in log scale?
Thanks.
  • #223,335
  • Apr 10, 2010 4:16pm Apr 10, 2010 4:16pm
Quoting tonyo524
Weren't you saying this same thing last month when we had 3 weekly doji's just before we made new lows?
wow .... new lows on a weekly 170 pip below those three weekly dojis on a pair that has a daily range of 110 pip . Must be gazillions of sellers in the market has to be I mean a whole 170 pip.

I will ask you the same question .... ARE YOU SERIOUS ?

lol
Blogging daily now at www.volume.zone
  • #223,336
  • Apr 10, 2010 4:19pm Apr 10, 2010 4:19pm
Quoting AlexC
LC, your charts are different than mine.
Do you have them in log scale?
Thanks.
I can give you any of my charts as templates if you want, so you can plot your logarithmic scale on it. Let me know.
  • #223,337
  • Apr 10, 2010 4:21pm Apr 10, 2010 4:21pm
Quoting jsspmk
Here is another way to see a daily chart, for instance taking Lastcoke's early alarm signal of a HH, it is not there at the moment. Indicators are calling for a countertend move, but no HH for now. Real trends have to have breakouts, fake ones don't.

http://www.dailyfx.com/technical_analysis/elliott_wave/
that chart seems to be same as one i was showing with a breakout. I think you may have attached the wrong one

All I know that right now we are in this sideways mess on the weekly , the majority of this move has been 1,3450 to 1.3760. Who gives a crap about trend ? this range is awesome. Friday closed above the low of range and until 1.3450 is taken out we could well head to top of range considering we came back into the range from BELOW it. If euro was really bearish we would have just kept on trucking to 1.2500

I do not swing trade. Why bother ? each days range is 150 pip gu and 100 eu , 750 and 500 pips to be had on each per week. Position traders will wait for ever for a 700 pip move for eu. Play the range and enjoy.
Blogging daily now at www.volume.zone
  • #223,338
  • Apr 10, 2010 4:22pm Apr 10, 2010 4:22pm
Quoting TheLastCoke
I can give you any of my charts as templates if you want, so you can plot your logarithmic scale on it. Let me know.
I would appreciate that. I don't know how to change it on MT4.
  • #223,339
  • Apr 10, 2010 4:27pm Apr 10, 2010 4:27pm
Quoting AlexC
I would appreciate that. I don't know how to change it on MT4.
If you find the way let me know, I thought you knew how to do it in MT4. So my templates won't be useful, what platform do you use?
  • #223,340
  • Apr 10, 2010 4:29pm Apr 10, 2010 4:29pm
Quoting malcolmb14
No Mr Perma Bear. I am Not kidding you .

1.3670 t1
1.3749 t2

NO kidding
Daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: last2.gif Size: 33 KB
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