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Mme's analysis

  • #1
  • First Post: Edited Jun 1, 2010 7:46am May 26, 2010 11:24am | Edited Jun 1, 2010 7:46am
Trading the Euro to the downside is most accurate under 1.2076, Since reaching the low of 1.2156, the Euro has built very strong support, the best way to trade it at this time is the 1H chart with the entry from the 15M chart .It has been 2 weeks since we reached the low of 1.2156 and we may have another week to go.

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  • #2
  • May 26, 2010 11:27am May 26, 2010 11:27am
what do you think, will it go under 1.2?
  • #3
  • May 26, 2010 11:30am May 26, 2010 11:30am
It will go under 1.20, target 1.1993 , 1.1875, 1.700 area
  • #4
  • May 26, 2010 11:41am May 26, 2010 11:41am
Well... I have a short on eu, it would be nice to close on 1.17
  • #5
  • May 26, 2010 11:46am May 26, 2010 11:46am
Just make sure you have good stops, hold tight and you will be pipping
  • #6
  • May 26, 2010 12:01pm May 26, 2010 12:01pm
what stops do you suggest?
  • #7
  • May 26, 2010 12:01pm May 26, 2010 12:01pm
Gbp/Usd is bouncing of the bearish flag which has formed, Support at 1.4220 and resistance at 1.4520-1.4570. the best way to trade Gbp/usd is 20-30 pips at a time, i took $6500 today and looking to go up with it for another 30 pips. you must know the trend and the patterns.

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  • #8
  • May 26, 2010 12:13pm May 26, 2010 12:13pm
Quoting Mme
Trading the Euro to the downside is most accurate under 1.2076, Since reaching the low of 1.2156, the Euro has built very strong support, the best way to trade it at this time is the 1H chart with the entry from the 15M chart .It has been 2 weeks since we reached the low of 1.2156 and we may have another week to go.


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Dear!
Plz dont predict like that, i have very high stock in hand at 1.237

i thought it will not down more than 1.210

plz.. suggest right way..
Trade what you see, Not what you think.
  • #9
  • May 26, 2010 12:21pm May 26, 2010 12:21pm
You have your analysis and i have mine, good luck to both of us
  • #10
  • May 26, 2010 12:59pm May 26, 2010 12:59pm
what kind of softwear u used
GREENIUS
  • #11
  • May 26, 2010 1:13pm May 26, 2010 1:13pm
Looks more "flaggish" on a daily. Volume is dropping in the futures market so maybe . . . Do you trade classical patterns as your main system? I've never used them (too much in the eye of the beholder) however the market behaviour behind the flag/pennant is logical (profit taking but declining and not with any major commitment). You certainly wouldn't want to be long in that market at the moment . . .
  • #12
  • May 27, 2010 7:28am May 27, 2010 7:28am
Gbp/usd reached resistance line, short is on the way to 1.4520 and 1.4475

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  • #13
  • May 27, 2010 7:42am May 27, 2010 7:42am
is it real or demo account?
  • #14
  • May 27, 2010 8:06am May 27, 2010 8:06am
REAL, REAL REAL
  • #15
  • Edited 9:12am May 27, 2010 8:38am | Edited 9:12am
Aud/Usd has reached the.8415 first level of resistance going up, if able to close above .8415 on 1H chart next level to watch for is .8467, .8509 and .8595. I am Looking for long waiting for confirmation on the 1H chart

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  • #16
  • May 27, 2010 8:55am May 27, 2010 8:55am
Quoting Mme
Aud/Usd has reached the.8415 first level of resistance going up, if able to close above .8415 on 1H chart next level to watch for is .8467, .8509 and .8595. Am Looking for long waiting for confirmation on the 1H chart

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I think it would be good that you get confirmation from EUR/USD, it is in a triangle now in h4. see where it is broken then decide. But I think AUD/USD is bull, the cot report was very over sold and this week there should be correction.
  • #17
  • May 27, 2010 9:08am May 27, 2010 9:08am
Eur/usd facing strong support at 1.21 area, and will not continue the down move unless it open under 1.2135, as long as it keep bouncing of 1.21 area aussie will continue the up move, aussie is a slow moving currencey , eur move faster than the aussie, so the aussie has 80% chance to reach the upper resistance as long as the eur keep bouncing.

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  • #18
  • May 27, 2010 9:34am May 27, 2010 9:34am

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  • #19
  • May 27, 2010 9:53am May 27, 2010 9:53am
Aussie reached target one .8467 looking forward for target 2 ( .8509 )

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  • #20
  • May 27, 2010 10:20am May 27, 2010 10:20am
Did you find the resistance zone at 1.4577 before the chart bounced? If yes, why there?
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