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EURUSD

  • #243,221
  • May 17, 2010 1:44pm May 17, 2010 1:44pm
Quoting uraceulose
good plan, works 4 me dpp, full retrace plus slip, overbought(not that it means anything).
be careful.. i dont trust this one.. place be early..
those who can, do. those who cant, talk about those who can
  • #243,222
  • May 17, 2010 1:56pm May 17, 2010 1:56pm
Quoting gatorinla
be careful.. i dont trust this one.. place be early..
okay, I will. I already got hammered today on the way back up...left some open that I should have closed but still got out positive pips but then just had 2-3 eu trades that I let run all the way to 40 pip stops and a G/J trade combined -200 pips or so. still up on the week tho
  • #243,223
  • May 17, 2010 2:00pm May 17, 2010 2:00pm
Quoting Carnegie
Perhaps a stupid question gator, but where would you say the bull wedge is?
green bull/pink bear.. it broke the bull one but, contained in the bear one. the bull is bigger so it needs respect. if it breaks the pink u tl before going to 2430 i may not take the short. if it remains below the pink upper tl and then gets to 2430 i take the short. its touching the pink one atm.. it may not even get to 2430.. it may just go lower.. just have to watch the path it takes..

for the bear wedge to be valid we cant cross the upper pink tl..

if this bear wedge holds.. and we get a new low.. it sets up my plan.. for a big bounce at 2133.. 21560 is a target + slip...but center of my universe is 2133..
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #243,224
  • May 17, 2010 2:02pm May 17, 2010 2:02pm
Euro wants to go higher!
  • #243,225
  • May 17, 2010 2:05pm May 17, 2010 2:05pm
Quoting uraceulose
okay, I will. I already got hammered today on the way back up...left some open that I should have closed but still got out positive pips but then just had 2-3 eu trades that I let run all the way to 40 pip stops and a G/J trade combined -200 pips or so. still up on the week tho
i didnt trust that wedge last night,,
those who can, do. those who cant, talk about those who can
  • #243,226
  • May 17, 2010 2:06pm May 17, 2010 2:06pm
4 hr channel. 2 touched up top, 2 on the bottom.

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  • #243,227
  • May 17, 2010 2:09pm May 17, 2010 2:09pm
Quoting gatorinla
i didnt trust that wedge last night,,
yeah man. i messed up. it happens. i only lost 2-3 percent or so not bad.(for me anyway)

I really should have just sat back with 4-500 pips and realized that it was a REALLY good Monday. instead, I figured for once we'd have an "easy" monday..

I did learn some more though so at least I pull something else out of it.
  • #243,228
  • May 17, 2010 2:11pm May 17, 2010 2:11pm
Quoting gatorinla
green bull/pink bear.. it broke the bull one but, contained in the bear one. the bull is bigger so it needs respect. if it breaks the pink u tl...
early signs says it goes lower.. safer below 2380... st
those who can, do. those who cant, talk about those who can
  • #243,229
  • May 17, 2010 2:15pm May 17, 2010 2:15pm
Quoting uraceulose
4 hr channel. 2 touched up top, 2 on the bottom.

Attachment
where you show it, not getting to the center line, is a good sign.. even a turn away from the center is a good sign.
those who can, do. those who cant, talk about those who can
  • #243,230
  • May 17, 2010 2:23pm May 17, 2010 2:23pm
What do you guys think about using multiple currency crosses to find entry points? E.g. At this moment EUR is battling 1.24 with USD, 114.70 with JPY, hovering 1.4020 with CHF and a glance at EURGBP would also point to a hard area above.

What do you think about this? Does it make sense for you to look to other currency crosses for areas of support and resistance? Do you take this into account?
  • #243,231
  • May 17, 2010 2:26pm May 17, 2010 2:26pm
Quoting pablo_fernandez
What do you guys think about using multiple currency crosses to find entry points? E.g. At this moment EUR is battling 1.24 with USD, 114.70 with JPY, hovering 1.4020 with CHF and a glance at EURGBP would also point to a hard area above.

What do you think about this? Does it make sense for you to look to other currency crosses for areas of support and resistance? Do you take this into account?
it make sense.. whatever works for you. i use others also..
those who can, do. those who cant, talk about those who can
  • #243,232
  • May 17, 2010 2:33pm May 17, 2010 2:33pm
Quoting gatorinla
where you show it, not getting to the center line, is a good sign.. even a turn away from the center is a good sign.
went to have a smoke. I just saw this, thank you for posting

edit: i've been waiting for it to fall into another little channel that works...that channel drawer indi you posted is sweet
  • #243,233
  • May 17, 2010 2:38pm May 17, 2010 2:38pm
Quoting uraceulose
went to have a smoke. I just saw this, thank you for posting
hey i did not post it but it did already break another bear wedge.. but if it breaks the u pink tl i would look to short above the dp.. it will probably go higher.
those who can, do. those who cant, talk about those who can
  • #243,234
  • May 17, 2010 3:02pm May 17, 2010 3:02pm
again, looks like a two way

bear comming ?
  • #243,235
  • May 17, 2010 3:05pm May 17, 2010 3:05pm
Took a short here @ 1.2399 on 1H tf signal and possible double top (1.2414 to monitor)

Stop: 30 pips.
Target: A New low...
Getting it right is NOT as important as not getting it wrong.
  • #243,236
  • May 17, 2010 3:08pm May 17, 2010 3:08pm
Anyone looking at EUR/GBP. Has a nice bull wedge AND is going up on an angle. What do you think people? Gator?
  • #243,237
  • May 17, 2010 3:11pm May 17, 2010 3:11pm
To me EUR/GBP still bearish in 20M/1H/4H, and the session was well balanced around 0.8553.

No signal there for my taste.
Getting it right is NOT as important as not getting it wrong.
  • #243,238
  • May 17, 2010 3:13pm May 17, 2010 3:13pm
Quoting gatorinla
hey i did not post it but it did already break another bear wedge.. but if it breaks the u pink tl i would look to short above the dp.. it will probably go higher.
Hi Gator

Would you kindly give us your thoughts on EURUSD?

Thanks
  • #243,239
  • May 17, 2010 3:16pm May 17, 2010 3:16pm
Quoting Constantinos
Hi Gator

Would you kindly give us your thoughts on EURUSD?

Thanks
Dude, you only have to read back about 3,4 maybe 5 pages...lol
  • #243,240
  • May 17, 2010 3:19pm May 17, 2010 3:19pm
lol, I just looked at various currency pairs and even silver and it looks like a Mexican standoff.
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