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  • #259,061
  • Jun 16, 2010 8:08pm Jun 16, 2010 8:08pm
Quoting PriceVolume
We might not get that spike. Upwards PA has been really, really weak today....consolidation may be enough to get people long prior to the powers that be dropping the bottom out. As I posted earlier, we're in a bear continuation wedge....which tops out above 2400....but if it breaks prematurely, we may forego the "rally"....
Still trying to fatham out what PA stands for. Can anyone please enlighten me :-)
  • #259,062
  • Jun 16, 2010 8:09pm Jun 16, 2010 8:09pm
Quoting Lorna
Still trying to fatham out what PA stands for. Can anyone please enlighten me :-)
PA = Price action
  • #259,063
  • Jun 16, 2010 8:15pm Jun 16, 2010 8:15pm
Quoting Orbital
PA = Price action
Thank you :-) ; nice to know you're there ...
  • #259,064
  • Jun 16, 2010 8:20pm Jun 16, 2010 8:20pm
Quoting Lorna
Still trying to fatham out what PA stands for. Can anyone please enlighten me :-)
Already answered i see, but here's a link for the rest of your questions... keep 'em comin.

Glossary and Acronyms (start at the beginning) ---> many thanks to opie999, where is he anyway? i miss his smarta$$ wisecracks.

For some other light and sometimes informative reading in these exciting PA moves of 5-10 pips an hour, check out the Index at the bottom of http://www.forexfactory.com/showthread.php?p=2814532
FUBAR...
  • #259,065
  • Jun 16, 2010 8:22pm Jun 16, 2010 8:22pm
Quoting Orbital
1.2168 T1
1.2056 T2
1.1763 T3

Those are the Longterm TP levels ive got so far, shortterm i see why youve got your TP at 2240. If it breaks 2252 (last low wedge on 4hr) we can be positive of it turning into full blown bear mode. As i said though im curious whether or not it will happen this week or start next week and finish of a "harsh spike" up which should give us confirmation.

EDIT:

Thanks for the divergence pic
Hey, new member here!

I've been lurking in these forums for a while, but the discussion actually going on prompted me to register.

I also went short on E/U at 1.2279 with a TP a little above 1.2168. On both the hourly and daily chart we can see it as a good S/R line and the price is reaching out of the channel that started a week ago.

Hopefully my first post won't jinx me!
  • #259,066
  • Jun 16, 2010 8:35pm Jun 16, 2010 8:35pm
Quoting ak4x
Already answered i see, but here's a link for the rest of your questions... keep 'em comin.

Glossary and Acronyms (start at the beginning) ---> many thanks to opie999, where is he anyway? i miss his smarta$$ wisecracks.

For some other light and sometimes informative reading in these exciting PA moves of 5-10 pips an hour, check out the Index at the bottom of http://www.forexfactory.com/showthread.php?p=2814532
You'll have to admit the acronym listing is not nearly complete as it could be. For example, my all time favorite 'WTF' is missing.. when I was a newbie I used that one a lot
  • #259,067
  • Jun 16, 2010 8:43pm Jun 16, 2010 8:43pm
Hourly chart...wacht out...
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  • #259,068
  • Jun 16, 2010 8:44pm Jun 16, 2010 8:44pm
Quoting Trendstar
... when I was a newbie I used that one a lot
you quit?

one of my all time favorite posts at FF...

Quoting Pippy5000
...One of the major drawbacks of being a guy at home trying to trade world markets is that you spend a lot of time asking, "what the hell just happened?"

I still crack up every time i think about it.
FUBAR...
  • #259,069
  • Edited 8:57pm Jun 16, 2010 8:46pm | Edited 8:57pm
btw... time to play the 3m/6m BB's. i closed my remaining short early at S1 pivot/50% fib level of this last swing move (2558 plus spread) and am long for a few. maybe a very few.

i'm an idiot i know for CT'ing this wretched thing... but i need the adrenaline rush before my heart stops from inactivity...

God help ak... he's gone ote.

Attached Image
FUBAR...
  • #259,070
  • Jun 16, 2010 8:53pm Jun 16, 2010 8:53pm
Quoting ak4x
btw... time to play the 3m BB's. i closed my remaining short early at the 50% fib level of this last swing move (2558 plus spread) and am long for a few. maybe a very few.

i'm an idiot i know for CT'ing this wretched thing... but i need the adrenaline rush before my heart stops from inactivity...

God help ak... he's gone ote.

Attachment
LOL!!! You should get an adrenaline shot man! Maybe that works for you!! Though, for a scalp, you choose a good place to long as price just bounced from the LTL so far.
  • #259,071
  • Jun 16, 2010 8:56pm Jun 16, 2010 8:56pm
good chanel H4 , i'm shorting
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  • #259,072
  • Jun 16, 2010 9:04pm Jun 16, 2010 9:04pm
Quoting ak4x
you quit? (too old to quit)

one of my all time favorite posts at FF...




I still crack up every time i think about it.
I say that even when it goes my way (Off the record , of course!)
  • #259,073
  • Jun 16, 2010 9:12pm Jun 16, 2010 9:12pm
6m and 20m slow_k's both about to cross up, need another 10 minutes on the 20m to close, so I may hold this long looking for a retap of the DP (2304) or just below it, depending on MOM (momentum for Lorna)
FUBAR...
  • #259,074
  • Jun 16, 2010 9:14pm Jun 16, 2010 9:14pm
with 3 years trading experience, i found that EUR/USD, only the pair whcih mostly follow bollingar bands.

If it breaks the lower level of BB, just Buy and the same for selling when breaks the top level of BB.

Just analyse and enjoy profitable tradinng.

Cheers
  • #259,075
  • Jun 16, 2010 9:19pm Jun 16, 2010 9:19pm
the way this bull is staying up in range is telling me it wants to break that 2350 line pretty bad...every time it breaks down i think this is it but nope..anyone have an idea for a good support line that if broken would be a good signal for a short?
assume the position...whichever that may be
  • #259,076
  • Jun 16, 2010 9:20pm Jun 16, 2010 9:20pm
Quoting atate49
the way this bull is staying up in range is telling me it wants to break that 2350 line pretty bad...every time it breaks down i think this is it but nope..anyone have an idea for a good support line that if broken would be a good signal for a short?

i call it a bull but realize it's a bear in the big picture..
assume the position...whichever that may be
  • #259,077
  • Jun 16, 2010 9:24pm Jun 16, 2010 9:24pm
Quoting atate49
the way this bull is staying up in range is telling me it wants to break that 2350 line pretty bad...every time it breaks down i think this is it but nope..anyone have an idea for a good support line that if broken would be a good signal for a short?
Unless it hit's 2450-2500 (which is a hard resistance area) all bet's are off where we go short term. All I know is that nothing has fundamentally changed since everyone was calling for it to hit 1700. So it's just a matter of timing and timeline now.
  • #259,078
  • Jun 16, 2010 9:34pm Jun 16, 2010 9:34pm
Quoting EasySt
Unless it hit's 2450-2500 (which is a hard resistance area) all bet's are off where we go short term. All I know is that nothing has fundamentally changed since everyone was calling for it to hit 1700. So it's just a matter of timing and timeline now.
6-7 months ago... everybody was bearish on the USD like everybody is on the euro now(exception of the beginning of the week). The DXY (dollar index : http://www.marketwatch.com/investing/index/DXY) went from about 74 to 89 which is a big move. Remember that the USD is in a big bear market since about 10 years. This rally we had the past 6 months was just a phony bounce in a bear market.

I understand the fact that the Euro will, one day, disapear but that could be in 10 or 15 years.

Nothing goes straight up or straight down... and we could see a nice rally in the euro before a further drop... but realize that the USD had a phony rally that lasted 6-7 months...
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #259,079
  • Jun 16, 2010 9:34pm Jun 16, 2010 9:34pm
Quoting atate49
i call it a bull but realize it's a bear in the big picture..
Dead-on bingo.
  • #259,080
  • Jun 16, 2010 9:35pm Jun 16, 2010 9:35pm
Quoting ak4x
6m and 20m slow_k's both about to cross up, need another 10 minutes on the 20m to close, so I may hold this long looking for a retap of the DP (2304) or just below it, depending on MOM (momentum for Lorna)
Godspeed my friend. I took some profit on my lowest shorts on that dip, but I'm still holding all shorts.
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