EURUSD

Meh =/

Does anybody actually fully understand why the SNB decided to sell frenzy USD/CHF?

Benefit of life experience and no longer in a rush for success. It's not age itself, it's the usual experience that comes with it. Young traders who make it longterm will have often wised up beyond their years in some respects.

no trading for me today.. no volatility... quadruple witching friday makes it dull. I hope for some more fire next week!

http://24.media.tumblr.com/tumblr_l4...ado8o1_400.gif

I was a Bull last Friday, but traded it poorly. We feel weak here, Dow at a nice toppy 10450? This Euro could've been pushed back to 1.24 on this supposed light volume. Europeans probably are short as they blew stops above 1.24 before the U.S. session. Where will they cover? Here at 1.2360 no way.... they will jam this down below 1.23 then cover.

My guess is a slight gap down, but our price at US Open will be much lower, more risk to be short then, rather than now. Options expiration makes it unclear, I know. I keep asking myself the same question, is this a good price to be short?

Short for the week-end.
Good Trading all.

Meh.... got out with 1 pip before ibfx closes for the weekend.

As you can see in the chart, everytime the retrace has crossed the middle bollinger band on the daily time frame, it continued until it reached the top band. We then had a few days of consolidation, and then a hard move south. From my pattern observation, once we get 3 consecutive closes above the niddle bollinger band on the daily, we do not touch the bottom band with out at least touching the top first. Looking at the chart you can see we are just about there. Adding to this the 2500-2550 level sits just above the top band. Using the past pa, you can clearly see the price hit the top band, spiked to the closest resistance level, then resumed the trend down. This pattern also coincides with the FOMC statement due out next week.

3 scenarios.
1.We hit the top band and drop before the fOMC statement.(Which I believe will fuel the trend resumption.)
2.We hit the top band and consolidate until the FOMC statement.
3. We hit the top band and consolidate until next Friday, and then we get one of those WTF moments with a huge sell off. Either way Ihave a sell pending at 2550. Have a good weekend everyone.

I learned 100 times more in 18 months with frequent active trading then I did when I only traded once or twice per year for years. So, after trying out various methods for over 18 months and seeing the strength and weaknesses of those methods and technical indicators, I now have more concrete ideas on how I want to proceed in the future.

I think 30 minute candlesticks and one or two trades per day is way better than 2 trades per year for accumulating experience.

dono but a fortune could of been made with a long at 2360 playing ping pong..

Just checking why price not fall a bit or bull at this level .

daily, H4 channel at the very top while price in bull rally daily 7th candle running , 8th, 9th though usually ranges still may need close up & channel top are as brick wall above .
while H1,m30,m15 price at the very bottom of channel and to maintain small movements down they all to allow little break at the bottoms only though H4 tf in bear rally 3 rd candle running , can't break all those channels deeply down.

From wedges price may go down to 1.2354 to 1.2344 /40 perhaps at best to become more flat & move readily to up.but that also need not as price top area at the 1.2424 is too near to the daily top channel 1.2437 ,better take trendline at 1.2450 & likely a bounce then to down towards 1.2118 or more before bull breaking the channel up to the top of bigger channel .

so upside movement virtually restricted & again daily bull to accomodate 2 more bull candles at the top area below 1.2437 & likely lots of ranges from 1.2437/50 to down will takes place, that is more sidways next 2 days also waiting for us.
so all shorts can be safe by this times.May do some at the top areas this weekend.

fontu

s/p getting late day rejection.. not affecting dow atm

I'm going to try posting a chart here to show a Fib fan, trendline and resistance levels (that were actually close to a bunch of Fib levels).http://www.forexfactory.com/attachme...1&d=1276890317

http://www.forexfactory.com/attachme...1&d=1276890317

EDIT: Dammit! Where are the instructions to post charts?

Hi guys one question,

when the London (midnight) AND New York (midnight)
PIVOTS/FIBS are the SAME, they must be more relevant, as if they are not right??


Cheers

did anyone notice a ascending triangle forming?

Which TF?

finally there is something to trade and my brokers spread goes out 10 fold to 10 pips on Euro/USD. I dont think so.

try H2

anyone have any calls for next week?
and EJ calls also?

Ok - dear traders - Chicago is plugging out - Interbank Market is switching down the lights - and I wish you a nice week-end



tschüss

Hi where are U from?

lg from Vienna http://cdn.forexfactory.com/images/s.../yim/happy.gif

Just saw your question PAULY - normally / mostly used time is 23h00 MEZ (21h00 UTC or GMT) - that is the time when Chigago is closing and when "rollover value dates" will be forewarded to the next value date.

For that reason we do have nearly all the same pivots/fibs - no matter if we live in Hong Kong or Frankfurt or elsewhere. You are right.