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  • #244,561
  • May 19, 2010 9:30am May 19, 2010 9:30am
Quoting T@rantula
http://www.babypips.com/school/divergence_trading.html generally everything on babypips

Momentum,Direction, and Divergence by William Blau

this is for starters, then Technical Analysis of the Currency Market by Boris Schlossberg, Reverse Divergences And Momentum by Martin J. Pring, Technical Analysis for the Trading Professional-Constance Brown
I have also attended seminars and webinars...and I have learned a lot from my mistakes and successes..
Ill repeat this
  • #244,562
  • May 19, 2010 9:31am May 19, 2010 9:31am
Quoting zam4ever
Do we watching another low is in the making of EUR/USD?

cheers

Nope.

Markets to move lower during upcoming weeks, EURUSD will move lower. This is just a bounce, easy profiting, very short term.
  • #244,563
  • May 19, 2010 9:32am May 19, 2010 9:32am
where this thing is heading ?
  • #244,564
  • May 19, 2010 9:33am May 19, 2010 9:33am
Quoting aykenar
Damn swiss are at it again.
Just the swiss? I doubt they are acting alone this time check out Euro against other pairs
  • #244,565
  • May 19, 2010 9:34am May 19, 2010 9:34am
Quoting Jack Herer
bears are pissed...
Speaking as a bear....why no, we're not. We're happy - really happy! Intervention allows us to reload shorts at an even better price. The higher the better. What we're seeing now is what I call desperate PA - desperate in the sense that the powers-that-be are in a frantic tizzy to prop this thing up. The higher bulls drive this, the better entry I will get when things settle down.
  • #244,566
  • May 19, 2010 9:35am May 19, 2010 9:35am
Quoting T@rantula
U need to read a lot about it...and know about it..
most likely. I do not argue, because I really do not know much about divergences.
  • #244,567
  • May 19, 2010 9:35am May 19, 2010 9:35am
It's definitely short covering, stay out until it's calm.
  • #244,568
  • May 19, 2010 9:35am May 19, 2010 9:35am
Quoting edisoname
where this thing is heading ?
should i repeat again...LONG above 2325...possible target 2399... Close it when u want..
  • #244,569
  • May 19, 2010 9:36am May 19, 2010 9:36am
Quoting edisoname
where this thing is heading ?

I booked profits at Asia open today, turned slight bull from 1.2192, and will let it run till US close, as a session rarely alters its view, and if US bought it, it will certainly NOT sell it in a single session, unless a news pops up.

So, I am holding, but I would be VERY surprised to see it reach yesterday's US high of 1.2450s. Sensible high is around 1.24-1.2450s.

Most likely Asia will begin the next push lower after US close.

If you haven't booked your profits when it was around 1.22, then I don't see much of a point for anyone to quit their shorts now, as the move is almost ending for this round. Don't be a part of "They hate it when its low, love it when high"
  • #244,570
  • May 19, 2010 9:36am May 19, 2010 9:36am
Quoting PriceVolume
Speaking as a bear....why no, we're not. We're happy - really happy! Intervention allows us to reload shorts at an even better price. The higher the better. What we're seeing now is what I call desperate PA - desperate in the sense that the powers-that-be are in a frantic tizzy to prop this thing up. The higher bulls drive this, the better entry I will get when things settle down.
Yet again, I completely agree with you.
  • #244,571
  • May 19, 2010 9:37am May 19, 2010 9:37am
Quoting essenza
It's definitely short covering, stay out until it's calm.

Mind set is still bearish, and will continue to be so for a while.
  • #244,572
  • May 19, 2010 9:37am May 19, 2010 9:37am
EURUSD 1.2357 is Monday's Asian opening price.

Here, were're flat for the week...
Getting it right is NOT as important as not getting it wrong.
  • #244,573
  • May 19, 2010 9:37am May 19, 2010 9:37am
Quoting ratman
most likely. I do not argue, because I really do not know much about divergences.
Believe me...I read a lot about it. On forex seminar the first thing they thought me was about divergences, after I lost my money in my rookie days i started to read a lot and learn a lot. They defo can give direction
  • #244,574
  • May 19, 2010 9:38am May 19, 2010 9:38am
Quoting maurofx
Those are trully words of wisdom...I would love to short UE as I'm 100% bear, but EURCHF could jump up at any moment... It's very risky to trade now...besides, market will be here ina couple of hours or tomorrow.
Check out perfect correlation between EU, EURCHF, EJ, USDCHF in 5M tf...
hehehe thanks for the kind words.. had another short 2334 and got out of both positions at 2276 so made around 16pips not a lot, but under current conditions lucky to make something with that technical trade.
Hope you doing ok, but really one should not trade at all now..
Take care,
TCat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #244,575
  • May 19, 2010 9:41am May 19, 2010 9:41am
Quoting T@rantula
No mate, u just need to follow the chart,indicators,divergence... trading naked can get u in trouble when intervention comes...I took 70 pips from this intervention... I told you...LONG above 2220...He who listened to me took a good profit
well everyone trades his own style, good for you that it worked out in your case. I trade my own strategy and I am happy with that, as it is my money my a$$ on the line so if I f*ck up its my fault.
Since I dont know where and who you actually are I wont trade anyones reco at all, but thanks for the offer hehehhehe just joking with ya.
Take it easy and good luck I am off to the bar and let the market be the market.
16pips is all I needed.
TCat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #244,576
  • May 19, 2010 9:41am May 19, 2010 9:41am
How many more bullets they have?

Look EURCHF moving up alone with EU

I'm shorting this..

This is sucks. Free market my A$$.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #244,577
  • May 19, 2010 9:42am May 19, 2010 9:42am
Quoting fxswing
EURUSD 1.2357 is Monday's Asian opening price.

Here, were're flat for the week...
Exactly...bullish consolidation
  • #244,578
  • May 19, 2010 9:43am May 19, 2010 9:43am
Quoting Trading Cat
well everyone trades his own style, good for you that it worked out in your case. I trade my own strategy and I am happy with that, as it is my money my a$$ on the line so if I f*ck up its my fault.
Since I dont know where and who you actually are I wont trade anyones reco at all, but thanks for the offer hehehhehe just joking with ya.
Take it easy and good luck I am off to the bar and let the market be the market.
16pips is all I needed.
TCat
Ur welcome ...Stay away from Sostratos..always do ur way
  • #244,579
  • May 19, 2010 9:44am May 19, 2010 9:44am
Quoting T@rantula
Exactly...bullish consolidation
yeah whatever, you want yourself to be convinced of...
Getting it right is NOT as important as not getting it wrong.
  • #244,580
  • May 19, 2010 9:44am May 19, 2010 9:44am
Quoting Mr J
This is a longterm position for me.
And now, second round with the same price, 1.2320, 1.2340 and another 1.2360. Hopefully this is normal retracement and we will get better price.

cheers
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