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EURUSD

  • #254,761
  • Jun 8, 2010 1:56am Jun 8, 2010 1:56am
The EURUSD was indecisive yesterday. On h1 chart we can see that price is now making a minor bullish channel indicating potential upside correction, which is normal after significant drop below 1.2000 area and the fact that price already in oversold area, but the main scenario remains to the downside. Immediate resistance at 1.2000 – 1.2050 area. Consistent move above that area could trigger further upside recovery testing 1.2150 region. On the downside, we need a clear break below the minor bullish channel to continue the bearish scenario testing 1.1800 before targeting 1.1600 this week.
  • #254,762
  • Jun 8, 2010 1:56am Jun 8, 2010 1:56am
Quoting ak4x
pivots from the accucharts tool, and i manually plot the qp's as they're my own thing..

traderathome or cobra has one they wrote that plot the things on MT4 tho, try that one.

it's linked to at the very bottom of the #1 post on the redux thread but i don't know if it's been updated lately, not sure there was any need to tho... it's a good indi.
you are the man! thank you sir.
  • #254,763
  • Jun 8, 2010 1:59am Jun 8, 2010 1:59am
Quoting Larseg
we have, twice...
Hmmm... and how do you define break?
  • #254,764
  • Jun 8, 2010 2:04am Jun 8, 2010 2:04am
Looking for long above 1980 or short below 1950
  • #254,765
  • Jun 8, 2010 2:08am Jun 8, 2010 2:08am
Quoting 2+2=4ex
you are the man! thank you sir.
These indicators are frm the THV thread. They do the monthly, weekly and daily pivots

rgds
Peter
Attached File(s)
File Type: mq4 PivotsMW_v4.mq4   25 KB | 376 downloads
File Type: ex4 PivotsD_v5_Black.ex4   25 KB | 426 downloads
  • #254,766
  • Jun 8, 2010 2:08am Jun 8, 2010 2:08am
Poor EU open waiting to buy some stocks if DAX can come down, shorting eurusd down to 1920 in the meantime unless 1992 breaks..
  • #254,767
  • Edited 2:23am Jun 8, 2010 2:10am | Edited 2:23am
Quoting Atlast
I am long. Target above 1.2030
Doing the same , short . Instead for tripple bottom or a double top at 93 it made a tripple top at 81 perhaps for further low & break perhaps , even sky falling as expected last night can be possible due repeated immature try bull & failure to much lower expected .ma 200 in m5 below as support though .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #254,768
  • Jun 8, 2010 2:11am Jun 8, 2010 2:11am
Quoting peterke
These indicators are frm the THV thread. They do the monthly, weekly and daily pivots
Cobra used to use Fibonacci pivots instead of Standard pivots on that setup... did he change them? I remember they worked well for him but I never used them... just wondering.
FUBAR...
  • #254,769
  • Jun 8, 2010 2:14am Jun 8, 2010 2:14am
Quoting ak4x
Cobra used to use Fibonacci pivots instead of Standard pivots on that setup... did he change them? I remember they worked well for him but I never used them... just wondering.
Version 5 are the latest used. I don't use THV but manual fibs are part of the strategy, don't think they are automated

rgds
Peter
  • #254,770
  • Jun 8, 2010 2:18am Jun 8, 2010 2:18am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting Larseg
we have, twice...
breaking 1.1980 means we will see 1.2000 and beyond, not just touching 1.1983-8
Being right is one, taking it from the table is two.
  • #254,771
  • Jun 8, 2010 2:19am Jun 8, 2010 2:19am
EurUsd

Long @ 1.1950
Tp @ 1.2000

Should hit it lets see...

I am just hoping for a retracement of about 50 pips for the downtrend. If the price hits 1.2000 it might fall straight from there but too early to tell.
  • #254,772
  • Edited 2:44am Jun 8, 2010 2:19am | Edited 2:44am
Quoting peterke
Version 5 are the latest used. I don't use THV but manual fibs are part of the strategy, don't think they are automated

rgds
Peter
fibs...??? automated? you lost me there.

there's several kinds of pivot calculations that can be used such as woody (QUIET JAY!!!), camarilla, fibonacci, and then the more common standard pivots...

if you don't know, that's cool but i'd check first so one knows what one is looking at...

ADD: here's from his Post #1...
Quoting cobraforex
... Fibonacci pivot indicator and Pivots and brokers
Cobra
FUBAR...
  • #254,773
  • Jun 8, 2010 2:22am Jun 8, 2010 2:22am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting Jay Walker
He sure could build some shorts.

http://dev.howuglyami.com/wp-content...1/ugly0021.jpg


He rather lost his shorts.

Probably CB short squeeze.
Being right is one, taking it from the table is two.
  • #254,774
  • Jun 8, 2010 2:22am Jun 8, 2010 2:22am
Short 1950 looking for 1930
  • #254,775
  • Jun 8, 2010 2:24am Jun 8, 2010 2:24am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting Prosac_100Mg
i am of the opinion that there is something wrong with yesterdays todays PA (understatement) i think this is going North.

The only problem is that i am with Oanda and can,t place an order .
This is probably going to save me money .

my question is can this puppy get any lower without retracing first.

There have only been 2-3days of any notable retracements since the whole downtrend, makes you think indeed.
Maybe North indeed, 2-300 pips correction 1.22-1.23.
Being right is one, taking it from the table is two.
  • #254,776
  • Jun 8, 2010 2:26am Jun 8, 2010 2:26am
H1:

Attached Image (click to enlarge)
Click to Enlarge Name: Picture0016.png Size: 17 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #254,777
  • Jun 8, 2010 2:27am Jun 8, 2010 2:27am
It popped up near 1.2 many hours back and came back.

Weak USD day overall and it still couldn't do much of anything.

She will be coming down during NY session if not sooner.
Only expectation matters . . .
  • #254,778
  • Jun 8, 2010 2:28am Jun 8, 2010 2:28am
Bear Flag H1 setting up.
  • #254,779
  • Jun 8, 2010 2:28am Jun 8, 2010 2:28am
First Tap of the 1942 QP and now we'll see wassup wid dis badboy...

Attached Image
FUBAR...
  • #254,780
  • Jun 8, 2010 2:28am Jun 8, 2010 2:28am
Quoting ak4x
fibs...??? automated? you lost me there.

there's several kinds of pivot calculations that can be used such as woody (QUIET JAY!!!), camarilla, fibonacci, and then the more common standard pivots...

if you don't know, that's cool but i'd check first so one knows what one is looking at...

ADD: here's from his Post #1...
I used before one auto fib indicators , may help someone need ready made ,may not be tailor made. no know .but good enough & usefull.
fontu
Attached File(s)
File Type: mq4 AutoFibo.mq4   3 KB | 516 downloads
Not understand?better not follow my analyses!doubt clearer first, risks ++
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