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EURUSD

  • #252,541
  • Jun 3, 2010 11:47pm Jun 3, 2010 11:47pm
Quoting uraceulose
2 quick ones

EUR/CHF

http://www.forexlive.com/110951/all/...-4000-showdown

Ponzi scheme?

http://www.forexlive.com/110943/all/...debt-situation
who would of thunk it?
add in uk.... and cat laid off.

hmmm the swiss ran out of bullets??? imagine that...
those who can, do. those who cant, talk about those who can
  • #252,542
  • Jun 3, 2010 11:48pm Jun 3, 2010 11:48pm
Thanks G. Great for my study

Your candles seem different to mine. Could be because i'm using demo FxPro Metrader as my local FX Broker's platform is pretty lame.

Quoting gatorinla
this may be better.. if it sets up... the red upper line is just a clone of the blue lower line.. when the red is hit within the wedge as shown it time to consider a short.. use a indi of choice if you like.. around a fib or s/r or tl is a good place to see one develop.. i get in early.. because you can "be" early and your sl is limited.. you still have to wait for it to develop... larger tf is the better ones..
Disclaimer: Check your 1m charts
  • #252,543
  • Jun 3, 2010 11:48pm Jun 3, 2010 11:48pm
Quoting gatorinla
this may be better.. if it sets up... the red upper line is just a clone of the blue lower line.
Consolidation pattern, but I'm unconvinced.

Could also have that red wedge with horizontal upper at 2180ish.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.gif Size: 21 KB
  • #252,544
  • Jun 3, 2010 11:50pm Jun 3, 2010 11:50pm
Anyone know if or how you can clone lines in Metatrader? - Got it, Ctrl Key
Disclaimer: Check your 1m charts
  • #252,545
  • Jun 3, 2010 11:50pm Jun 3, 2010 11:50pm
Quoting pipper
Thanks G. Great for my study

Your candles seem different to mine. Could be because i'm using demo FxPro Metrader as my local FX Broker's platform is pretty lame.
mine are longer? genetics i guess.
those who can, do. those who cant, talk about those who can
  • #252,546
  • Jun 3, 2010 11:51pm Jun 3, 2010 11:51pm
Must be those Fibonacci genes alright

Quoting gatorinla
mine are longer? genetics i guess.
Disclaimer: Check your 1m charts
  • #252,547
  • Jun 3, 2010 11:52pm Jun 3, 2010 11:52pm
I am seeing a sell but cant get enough courage to do a sell as price is near 1.2150 support line, because yesterday it was buy and i lost 70 pips.

What about others ?
  • #252,548
  • Jun 3, 2010 11:54pm Jun 3, 2010 11:54pm
Quoting Mr J
Consolidation pattern, but I'm unconvinced.

Could also have that red wedge with horizontal upper at 2180ish.

Attachment
it could do a lot.. that's why you wait to see if it develops.. many don't, so you dont trade them.. but the ones that dont, go down anyway.. if not your sl gets hit..
those who can, do. those who cant, talk about those who can
  • #252,549
  • Jun 3, 2010 11:54pm Jun 3, 2010 11:54pm
Market levels to get to shown by upper trend lines, although the minimum retrace level was reached off the low and for strength to show, the price must trade above the downsloping ML.

P.S. 1.2131 is target price for down move, after which I will be long again.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 04_06_2010.jpg Size: 56 KB
  • #252,550
  • Jun 4, 2010 12:01am Jun 4, 2010 12:01am
Probably a triple bottom .. raise to 3345 atleast ??
Attached Image
  • #252,551
  • Jun 4, 2010 12:01am Jun 4, 2010 12:01am
Quoting gatorinla
it could do a lot.. that's why you wait to see if it develops.. many don't so you dont trade them.. but the ones that dont go down anyway.. if not your sl gets hit..
I do selectively trade wedges, but a short here is unconvincing and too close to major support for my liking. Others may know better, but I think odds are we rise somewhat more. My opinion doesn't stop me holding onto a portion of my short position just in case.

Oh, and I don't wait for things to play out. First in, first served. "Confirmation" is for reactionary traders.
  • #252,552
  • Jun 4, 2010 12:03am Jun 4, 2010 12:03am
Quoting gatorinla
this may be better.. if it sets up... the red upper line is just a clone of the blue lower line.. when the red is hit within the wedge as shown it time to consider a short.. use a indi of choice if you like.. around a fib or s/r or tl is a good place to see one develop.. i get in early.. because you can "be" early and your sl is limited.. you still have to wait for it to develop... larger tf is the better ones..
charting 101

How bout these for s/r & fib levels hit. USDX & EURX

Line colors:

White- Long established
Yellow- mid term
Red- short term
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdx h4 06-04-2010.gif Size: 15 KB
Click to Enlarge Name: eurx h4 06-04-2010.gif Size: 20 KB
  • #252,553
  • Jun 4, 2010 12:07am Jun 4, 2010 12:07am
Quoting Mr J
I do selectively trade wedges, but a short here is unconvincing and too close to major support for my liking. Others may know better, but I think odds are we rise somewhat more. My opinion doesn't stop me holding onto a portion of my short position just in case.

Oh, and I don't wait for things to play out. First in, first served. "Confirmation" is for reactionary traders.
i expected bounce for weeks.... the ones so for are weak... so other then pump and dump nfp tonight.... if they dont get it up now before nfp.. its over with a strong nfp report.. and even if nfp is much less then thought we will be right back here after eu spike in a day or 2.. .
those who can, do. those who cant, talk about those who can
  • #252,554
  • Jun 4, 2010 12:20am Jun 4, 2010 12:20am
Holy s**t this is boring. I'm going to get some late night food. Laters.
  • #252,555
  • Jun 4, 2010 12:24am Jun 4, 2010 12:24am
In which daily time zone EUR/USD trade fast/Fluctuate,

From New York Opening 09:00 am or London Opening 09:am?
Trade what you see, Not what you think.
  • #252,556
  • Jun 4, 2010 12:25am Jun 4, 2010 12:25am
The overlap of newyork and london.

Usually quiet before major announcements.
  • #252,557
  • Jun 4, 2010 12:29am Jun 4, 2010 12:29am
EURUSD possibly heading for a new low
When life gives you lemons, make lemonade
  • #252,558
  • Jun 4, 2010 12:30am Jun 4, 2010 12:30am
Will be an interesting night after a boring day.
  • #252,559
  • Jun 4, 2010 12:31am Jun 4, 2010 12:31am
Quoting micho
EURUSD possibly heading for a new low
How can you say dear..

You expect less 1.21?
Trade what you see, Not what you think.
  • #252,560
  • Jun 4, 2010 12:33am Jun 4, 2010 12:33am
Quoting khizer
How can you say dear..

You expect less 1.21?
it's only 80 pips or so away. based on daily avg it's no problem..there's been 5 charts posted on the last 3 pages showing u why
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