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EURUSD

  • #246,301
  • May 21, 2010 7:51am May 21, 2010 7:51am
  •  crmcwi
  • | Joined Mar 2010 | Status: Entrepreneur, Programmer, Analyst | 35 Posts
http://www.fx360.com/commentary/kath...ion-clues.aspx
  • #246,302
  • May 21, 2010 7:51am May 21, 2010 7:51am
Quoting TudorJonesJR
wedge, up or down?
broken to the upside
  • #246,303
  • May 21, 2010 7:51am May 21, 2010 7:51am
Quoting MuddBuddha
Looks like a nice move building in one of those directions.

Thank god there's only two it can go!
Yea, but it can go to both directons very many times and still not go anywhere. After taking out stops.
  • #246,304
  • May 21, 2010 7:52am May 21, 2010 7:52am
Got my shorts triggered(.80 lots) about a 12 pip drawdown....equities pointing down, lotta yen buying, oil gonna drop, gold pulling back, all my indicators working well. Im lookin for this TL touch for today should be around 2300....

If we get a weekly close below 10k on dow, things could turn worse.

If ur trading today, USE tight stops....things could get hairy.
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  • #246,305
  • May 21, 2010 7:53am May 21, 2010 7:53am
:
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  • #246,306
  • May 21, 2010 7:54am May 21, 2010 7:54am
Quoting Trading Cat
I was thinking the same yesterday and then.... kaboom it went up.... go figure...
It's nearing the top of a small downward channel, in which case, I'll short some more.
Every time you use 'hopium' in a post, God kills a kitten.
  • #246,307
  • May 21, 2010 8:00am May 21, 2010 8:00am
All I can say is the 4hour trend is up. It tried to break out today but was rejected. However that does not mean it will go down.

In fact i have a lot of reasons to believe it wants to go up.
-RSI bullish divergence.
-Higher high
-Significantly high trading volumes to suggest that this is not a fake bounce.

However I cannot put my stamp of approval to say it is uptrend yet. It still has this one resistance line to test. The same resistance line that rejected the breakout today. But until then, I'm quite certain that it will climb back up to retest that resistance.
  • #246,308
  • May 21, 2010 8:00am May 21, 2010 8:00am
Quoting manojsai
:
I remember that from January (?). What was your logic?

David
  • #246,309
  • May 21, 2010 8:03am May 21, 2010 8:03am
Quoting fontu
leaving market with many active longs & pending longs at the bottom or top ?

2 more gbp bad news & still gbp news some good also there & keep eur stay up , though news are just dummy theses days .
See then in the evening .
from at 1,2520 add some shorts for tp 1.2436 there now .taking some risks.


fontu
becomes more slow again ,some longs still there & not care about but shorts not worked so far , good also . now the tp area levels up to exactly the centre swing at 1.2456.
so set tp around here , some pips less for sure & pending longs to reset too with keeping those at lower level set before as , bo may takes place & even can fall 1.2333 again .HS H1 seen.

Suddenly I see price go to 1.2571 again & close long this time , rest remained. & now only wait for shorts
Hope others doing well .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #246,310
  • May 21, 2010 8:03am May 21, 2010 8:03am
Quoting alex.fx
broken to the upside
damnit, hoped on one more oscillation..
  • #246,311
  • May 21, 2010 8:08am May 21, 2010 8:08am
EURO-DOLLAR: Not a whole lot of volume on the euro push to $1.2570, a
trader says, some decent two-way flows after the ECB fixing that had
seen the euro sold lower. Pair not correlating to stocks over the last
24 hours, just reacting to position squaring as it hits in fits and
starts. Offers to $1.2575 largely absorbed but euro reverses to $1.2560
now.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #246,312
  • May 21, 2010 8:10am May 21, 2010 8:10am
They are trying to show us the direction of today's trend
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  • #246,313
  • May 21, 2010 8:13am May 21, 2010 8:13am
Quoting alex.fx
They are trying to show us the direction of today's trend
Or who just cut the cheese...
Capital Preservation is key to long term wealth accumulation
  • #246,314
  • May 21, 2010 8:14am May 21, 2010 8:14am
Quoting fontu
becomes more slow again ,some longs still there & not care about but shorts not worked so far , good also . now the tp area levels up to exactly the centre swing at 1.2456.
so set tp around here , some pips less for sure & pending longs to reset too with keeping those at lower level set before as , bo may takes place & even can fall 1.2333 again .HS H1 seen.

Suddenly I see price go to 1.2571 again & close long this time , rest remained. & now only wait for shorts
Hope others doing well .
you are right bro but it is looking a same scenario which we are looking since past 2 days market made low and then range bound and in US session break out up side and then playing slow its smelling that it could send back us to 26xx or higher in Chicago and will close there what are your thoughts about it??in H1 it has to come down to go up but you can see since past 2 days it comes down 5-10% and then turn from there and go up up up

Ub
  • #246,315
  • May 21, 2010 8:16am May 21, 2010 8:16am
Quoting fontu
becomes more slow again ,some longs still there & not care about but shorts not worked so far , good also . now the tp area levels up to exactly the centre swing at 1.2456.
so set tp around here , some pips less for sure & pending longs to reset too with keeping those at lower level set before as , bo may takes place & even can fall 1.2333 again .HS H1 seen.

Suddenly I see price go to 1.2571 again & close long this time , rest remained. & now only wait for shorts
Hope others doing well .
Dear Fontu,
I'm new with this trade. Could u please tell me what is BE..
Thanks
  • #246,316
  • May 21, 2010 8:20am May 21, 2010 8:20am
Quoting alex.fx
They are trying to show us the direction of today's trend
Yeah
  • #246,317
  • May 21, 2010 8:20am May 21, 2010 8:20am
Quoting d-Squared
I remember that from January (?). What was your logic?

David
Corel Draw Practice Lesson.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #246,318
  • May 21, 2010 8:21am May 21, 2010 8:21am
Its a very difficult day for me I just cant pin point the direction at the right time. At 2500 my trigger finger was itchy and I should have listened ... always easy to say in hind sight... There are a few things which make me not taking any position atm. 1 we are in the middle of nowhere 2 2480 and 2460 seems to be the limit for downside pressure 2576 upside limit so really either wait till we get to the lows to long or wait for the lows to be broken and short... everything else doenst make sense to me. I am not liking this.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #246,319
  • May 21, 2010 8:23am May 21, 2010 8:23am
Quoting SkyzerFX
Corel Draw Practice Lesson.
  • #246,320
  • May 21, 2010 8:25am May 21, 2010 8:25am
Trying a small short 1.2550

Stop: 30 pips.
Target: 1.2450-1.2460

Let's see that...
Getting it right is NOT as important as not getting it wrong.
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