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EURUSD

  • #223,981
  • Apr 12, 2010 6:08am Apr 12, 2010 6:08am
guys...1 question for 4....what do u think?
in in usa interest over 1.3600 or above? with us market oppening soong.....they decide?....some opinions on the matter?
IT'S ALL ,,,, Only money in the bank count
  • #223,982
  • Apr 12, 2010 6:09am Apr 12, 2010 6:09am
Quoting tt_danu
guys...1 question for u....what do u think?
in usa interest under 1.3600 or above? with us market oppening soong.....they decide?....some opinions on the matter?
soorrry for my grammar
IT'S ALL ,,,, Only money in the bank count
  • #223,983
  • Apr 12, 2010 6:16am Apr 12, 2010 6:16am
Quoting plan-b
Valid channel but i have a feeling that upper TL will give way

I am long at 1.3305

any addition longs will be subject to reactions in the 1.3450-1.35 zone

If resistance turned support does not hold then i will have to rethink


My bias is mainly from weekly candles which are telling me this thing will eventually head to 1.43-1.45


But for now i play the range
I can see divs pointing up to the area of ~1.3815 on daily. All I'm interested is to go long at the break of the upper channels TL but only with a fourth touch. Let's see if the price wants to go back up after filling the gap. And then it will all depend up on the R:R I'll get. "A" class setups is all I'm interested in. Trading what I see, not what I expect.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #223,984
  • Apr 12, 2010 6:16am Apr 12, 2010 6:16am
Quoting intrepid1
Price didnt even hit 3585 yet. What broker r u using?
HI there! everyone, i'm very new to forex and even newer to ferexfactory. This is my first post here. I hope i learn a lot from u experienced guys. 10x in advance for your support and advices.

the price did hit 3586 plus the spread u got 3585...
so there u go
  • #223,985
  • Apr 12, 2010 6:18am Apr 12, 2010 6:18am
Quoting AMuharram
I don't understand how and why would you forecast/predict the formation of a pattern before it even exists or develops??????

Last week i saw the potential for a second leg of the double bottom and bought into it (one position at 1.3295 still open)

The risk of finding out was minimal compared to the reward(at one point today it was almost at +400)


Signs of a left shoulder and head are clear


Don't see anything wrong in assuming that a right shoulder will form especially now that we might be back in the range we had earlier in the year


Stay close to your screen when price is around 1.35 OR 1.38
Some drink at the fountain of knowledge. Others just gargle !
  • #223,986
  • Apr 12, 2010 6:20am Apr 12, 2010 6:20am
Quoting Mr.C
Not on my charts.
I'm pretty newbie but why should your chart be valid and mine not? As they cant both be valid can they?

I can see how you got your tl but why not from the top like mine? Just asking so I can learn...

Thanks mate
@pawpaw1000 on Twitter
  • #223,987
  • Apr 12, 2010 6:22am Apr 12, 2010 6:22am
Quoting Mr.C
.... "A" class setups is all I'm interested in. Trading what I see, not what I expect.
everybody who trades should be forced to tattoo this across the inside of their eyelids so that when they sleep it gets indelibly printed onto their brain...

well said that man :-)
  • #223,988
  • Apr 12, 2010 6:26am Apr 12, 2010 6:26am
Quoting plan-b

My bias is mainly from weekly candles which are telling me this thing will eventually head to 1.43-1.45
long term..yes
but let's make way for the bears first..thank you
I'm learning to trust my own charts..
  • #223,989
  • Apr 12, 2010 6:26am Apr 12, 2010 6:26am
Quoting Mr.C
I can see divs pointing up to the area of ~1.3815 on daily. All I'm interested is to go long at the break of the upper channels TL but only with a fourth touch. Let's see if the price wants to go back up after filling the gap. And then it will all depend up on the R:R I'll get. "A" class setups is all I'm interested in. Trading what I see, not what I expect.

It might take a while before breaking out of 1.3820

In fact i might cash in my longs at 1.377 and short it


No point holding positions in a range
Some drink at the fountain of knowledge. Others just gargle !
  • #223,990
  • Apr 12, 2010 6:27am Apr 12, 2010 6:27am
Quoting pawpaw1000
I'm pretty newbie but why should your chart be valid and mine not? As they cant both be valid can they?

I can see how you got your tl but why not from the top like mine? Just asking so I can learn...

Thanks mate
I don't chop the highs or lows on my charts. Check your second touch of the line. Secondly I pay attention to the price action itself: the price went gaping and reached the line to the pip then went back. Third thing my lines are copies and the channel is symmetrical.
And I didn't say that your chart is not valid. It's only not valid for me. IMO.
Your welcome.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #223,991
  • Apr 12, 2010 6:32am Apr 12, 2010 6:32am
Quoting T.E.Lawrence
Attachment

I hope it closes

I have pending entries on the other side
Some drink at the fountain of knowledge. Others just gargle !
  • #223,992
  • Apr 12, 2010 6:33am Apr 12, 2010 6:33am
Quoting kuroro001
Price keeps being marked down....it seems ready for a move lower
Short 1,3605....SL 1,3625 ...Next target for downside 1,3530
I cant believe this entry
One cant decide any thing before down level of 1.3580 utill the pair is bullish and try to touch 1.38 level revised your entry
  • #223,993
  • Apr 12, 2010 6:35am Apr 12, 2010 6:35am
Quoting Mr.C
I don't chop the highs or lows on my charts. Check your second touch of the line. Secondly I pay attention to the price action itself: the price went gaping and reached the line to the pip then went back. Third thing my lines are copies and the channel is symmetrical.
And I didn't say that your chart is not valid. It's only not valid for me. IMO.
Your welcome.
thanks brother...

Maybe next time we will get the same
@pawpaw1000 on Twitter
  • #223,994
  • Apr 12, 2010 6:37am Apr 12, 2010 6:37am
EURO-DOLLAR: Continues to squeeze lower, extends its corrective
pullback, off late Asian highs of $1.3692, into the reported area of
demand between $1.3590/80 ($1.3583 low). Stops have been noted between
$1.3580/70, which if triggered to open a deeper move toward $1.3550,
with more stops said to reside below. Rate currently trades around
$1.3585.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #223,995
  • Apr 12, 2010 6:37am Apr 12, 2010 6:37am
Quoting plan-b
It might take a while before breaking out of 1.3820

In fact i might cash in my longs at 1.377 and short it


No point holding positions in a range
Of course it will take time. But patience is one thing needed in FX.
This area will be reached eventually. Broken or not it has still some space to travel and some pips to be earned till that point. At the moment the upper channels line is the only place where I could logically enter the market with my long order.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #223,996
  • Apr 12, 2010 6:38am Apr 12, 2010 6:38am
This is a trend channel I got on my charts. Look at 23.6 fibo retracement. Precise like a clockwork.
Attached Image (click to enlarge)
Click to Enlarge Name: pip.png Size: 29 KB
Sometimes I lose. Sometimes the others win.
  • #223,997
  • Apr 12, 2010 6:38am Apr 12, 2010 6:38am
my short from 93 is looking nice, just gotta get over 80 and we goin down.

Wanted to hear what you think of a exit. I was thinking 1.3550 but the more I look at the charts, on the way down PA only really struggled at 1.3500... extra 50 pips!
@pawpaw1000 on Twitter
  • #223,998
  • Apr 12, 2010 6:38am Apr 12, 2010 6:38am
Dow Jones now exactly @ 11,000...and Dax already lost its early gains from today's morning...if equity markets gow down I would consider € upside move as a bull trap...
  • #223,999
  • Apr 12, 2010 6:41am Apr 12, 2010 6:41am
Quoting pawpaw1000
my short from 93 is looking nice, just gotta get over 80 and we goin down.

Wanted to hear what you think of a exit. I was thinking 1.3550 but the more I look at the charts, on the way down PA only really struggled at 1.3500... extra 50 pips!
And again my opinion. These gaps do get filled. Be patient if your SL is safe?
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #224,000
  • Apr 12, 2010 6:43am Apr 12, 2010 6:43am
short 3580 -> 3515, may bounce to 3615ish first
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