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  • #245,221
  • May 20, 2010 4:08am May 20, 2010 4:08am
Quoting PriceVolume
Intervention tends to do that. Screws with the natural flow of the market. That, and Elliot Wave is rather subjective and uses a "rubber ruler" to begin with....
Night...err...morning all. Just took some profit on my final short of the day. Remainder on all trades at zero risk....I'll let my trailing stop sort out the rest. Good trades!
  • #245,222
  • May 20, 2010 4:14am May 20, 2010 4:14am
Quoting PriceVolume
Intervention tends to do that. Screws with the natural flow of the market. That, and Elliot Wave is rather subjective and uses a "rubber ruler" to begin with....
Agreed.
Intervention tend to make a breakout in desired direction. Its usually characterized by high volume big candles, with no or small wicks. White soldiers, Black crows patterns are not uncommon when we face intervention. For that reason, we need to spot a trend consolidation and according to that we need to make entry points if we r on intraday trading.

2435 is todays high. Yesterday's high has been tested.Lower BB stop points at 2318 that means invalidation of UPtrend line

We r still intraday bullish. If we break 2435, we will face a stronger resistance around 2450 levels.After a breakout of upper confluence fibos we will face 2508,2542 , 2592. 2618 is unlikely possible at this stage as we faced a sharp rally yesterday, yet it remains to be seen..

If we tank to lower BB, go for round number supports 2290>2250 with 2187 as possible level. We need to pay attention on divergences as they pinpoint a direction
  • #245,223
  • May 20, 2010 4:20am May 20, 2010 4:20am
Swiss are buying eur/chf in a few again, there will be no end.....
They think they are smarter than I am.
  • #245,224
  • May 20, 2010 4:23am May 20, 2010 4:23am
Quoting Z3iz3i
Swiss are buying eur/chf in a few again, there will be no end.....
well if thats the case why not long €chf??
Trade on your own risk Plan your trade&trade your plan dont be a
  • #245,225
  • May 20, 2010 4:23am May 20, 2010 4:23am
Quoting Z3iz3i
Swiss are buying eur/chf in a few again, there will be no end.....
If that is the case, it is good and will validate upper levels, but we need a confirmation first
  • #245,226
  • May 20, 2010 4:24am May 20, 2010 4:24am
cosed shorts again at 1.2372 as to close & go as still bull flag may work & so stay safe now .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #245,227
  • May 20, 2010 4:28am May 20, 2010 4:28am
Quoting Trading Cat
well if thats the case why not long €chf??
I dont trade that pair, nothing happens 99% of the time and when happens, its a big move and can never be too sure about it. Its a bit gambling there.

But its likely that they buy unless they are grown too frustrated to support € and their own economy.
They think they are smarter than I am.
  • #245,228
  • May 20, 2010 4:43am May 20, 2010 4:43am
I'm waiting for an usdchf break downside...might help eusud go up
Short eurchf as well...stop at BE already cause you never know where is the SNB
COT: The precious data ignored
  • #245,229
  • May 20, 2010 4:44am May 20, 2010 4:44am
Anyone think we can break 1.245 ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #245,230
  • May 20, 2010 4:45am May 20, 2010 4:45am
Quoting Trading Cat
well if thats the case why not long €chf??
as €chf has unpredictable (to me) breakouts after ranging, is a outbreak setup with limit orders and small stops a good idea?
has anyone been trying this?
  • #245,231
  • May 20, 2010 4:46am May 20, 2010 4:46am
Quoting Z3iz3i
I dont trade that pair, nothing happens 99% of the time and when happens, its a big move and can never be too sure about it. Its a bit gambling there.

But its likely that they buy unless they are grown too frustrated to support € and their own economy.
Perhaps true , though it seems bull coming yet check again lower tf upto m30 charts showing it may fail soon & not much up even now able breaks up 1.2308 & shorts at 92 with pending shorts placed above again before leave tp set 1.2340 level .
trade well all . will see in the evening .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #245,232
  • May 20, 2010 4:48am May 20, 2010 4:48am
Quoting DMA Trader
Anyone think we can break 1.245 ?
Why not? everything is possible...just pay attention
  • #245,233
  • May 20, 2010 4:52am May 20, 2010 4:52am
Quoting DMA Trader
Anyone think we can break 1.245 ?
Of course, this is probably what is going to happen (in Forex we can only speak about probabilities, never certainties):
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.gif Size: 16 KB
  • #245,234
  • May 20, 2010 4:57am May 20, 2010 4:57am
European Forex Technicals : EUR Staging Corrective Recovery



20 May 2010, 08:31



http://cdn.forexfactory.com/images/attach/pdf.gif 2010-05-20_European Forex Technicals.pdf (9.0 KB)



Intraday :


EUR/USD :


Stages a good recovery off Wednesday's low at 1.2143 to leave a bullish engulfing daily candle, but remains capped by Tuesday's high at 1.2445. The 50% retracement level of the major 0.8228/1.6040 advance is behind this recovery, but only a sustained break above 1.2445 would improve the near-term picture, opening the 1.2510 area. Failure to hold onto support at 1.2190 would bring the focus back onto the 1.2143 low.


Weekly chart EUR/USD trend: Bearish.



Hallo...

As mentioned in TA from Francis there - we prefer to play the downside as well. Should mean "sell the rallies" is our PAROLE - and we keep on selling as long as it might be capped below 1.2445 / 52 zone. Be careful guys - don't try to get to much - as the market is ultra nervous. So adopt your leverage in that case. Our near term target is defined by daily pivotal zone - which is around 1.2330 / 2328 at the moment - and breach of below should give us a push towards 1.2284 / 2274 area.

Below that we have 1.2230 - which is first daily support there - but we do not like to play too ambitious here. Step by step. Each day should give us a little more.


;-)


Greetings



mercy
Attached File(s)
File Type: pdf 2010-05-20_European Forex Technicals.pdf   9 KB | 303 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #245,235
  • May 20, 2010 4:58am May 20, 2010 4:58am
Quoting Trad3r
Of course, this is probably what is going to happen (in Forex we can only speak about probabilities, never certainties):
And how about this:

Attached Image (click to enlarge)
Click to Enlarge Name: zo225816b.jpg Size: 106 KB


  • #245,236
  • May 20, 2010 5:01am May 20, 2010 5:01am
Quoting T.E.Lawrence
And how about this:

Attachment

That's another possibility, this is the reason cause I always use SL near the supports and resistances.
  • #245,237
  • May 20, 2010 5:07am May 20, 2010 5:07am
What are the chances of a sustained euro bounce? Probably fairly small.


http://cdn.forexfactory.com/images/attach/pdf.gif 2010-05-20_Forex Focus.pdf (8.6 KB)




Puhh - manipulation looming around the corner



http://cdn.forexfactory.com/images/icons/icon1.gif
Attached File(s)
File Type: pdf 2010-05-20_Forex Focus.pdf   9 KB | 301 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #245,238
  • May 20, 2010 5:08am May 20, 2010 5:08am
UBER-GAP on 1M !
  • #245,239
  • May 20, 2010 5:08am May 20, 2010 5:08am
Quoting T.E.Lawrence
And how about this:

Attachment

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #245,240
  • May 20, 2010 5:12am May 20, 2010 5:12am
Quoting T.E.Lawrence
UBER-GAP on 1M !
though micro gap, maybe usual scenario:

1. close the gap
2. retrace a little bit more (optional)
3. resume previous trend

would be nice.
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