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EURUSD

  • #262,761
  • Jun 24, 2010 3:58am Jun 24, 2010 3:58am
Quoting ak4x
I'd like to see it break this time...
It will break. Of course, I'm talking out of my a$$ and just exercising the power of positive thinking by saying so, but.....
  • #262,762
  • Jun 24, 2010 4:02am Jun 24, 2010 4:02am
Quoting Jhig
If the uptrend holds up, price should reverse soon.

Daily showing a "classic" bull continuation bar.

H1 could be setting up for higher high.

This all assumes price reverses near 1.2250
Just look at the yellow lines (daily) and disregard the red ones (smaller tf's):

Attached Image (click to enlarge)
Click to Enlarge Name: chart2.jpg Size: 152 KB


PA is now below that bullish trend line so it's pretty tricky situation, IMO. It might be a reversal place, all right, but to go long I would wait till PA goes back above the trend line. Of course that's just my view.
  • #262,763
  • Jun 24, 2010 4:03am Jun 24, 2010 4:03am
Update on 6hr yoopoo forming HERE...
FUBAR...
  • #262,764
  • Jun 24, 2010 4:05am Jun 24, 2010 4:05am
Quoting ak4x
Update on 6hr yoopoo forming HERE...
May muck around there....sure hope not. 2237 is a potential bounce zone on all of my charts up to 4H.....
  • #262,765
  • Jun 24, 2010 4:07am Jun 24, 2010 4:07am
Quoting Al-Agha
PriceVolume,

Please allow me to consider this one too.

Cheers,
Sure, consider away.....
  • #262,766
  • Jun 24, 2010 4:12am Jun 24, 2010 4:12am
Quoting T.E.Lawrence
Just look at the yellow lines (daily) and disregard the red ones (smaller tf's):

Attachment

PA is now below that bullish trend line so it's pretty tricky situation, IMO. It might be a reversal place, all right, but to go long I would wait till PA goes back above the trend line. Of course that's just my view.
My daily chart shows a clear break upwards of the previous candle. For my price action strategy, tells me clear direction to the north.

Attached Image


You're daily charts doesn't show that clear break.
  • #262,767
  • Jun 24, 2010 4:12am Jun 24, 2010 4:12am
The Mother of all Forex shampoos imo... when the neckline breaks on a LONG TF... stuff happens.

That was then this is now, currently printing 134.00ish

Attached Image (click to enlarge)
Click to Enlarge Name: gy drop weekly.jpg Size: 64 KB
FUBAR...
  • #262,768
  • Jun 24, 2010 4:31am Jun 24, 2010 4:31am
sink r swim time
those who can, do. those who cant, talk about those who can
  • #262,769
  • Jun 24, 2010 4:39am Jun 24, 2010 4:39am
Quoting ak4x
looking to short to the DP, then looking long for a bit to an upper pivot.. but a dip, climb, top out and crash and dash is on the table...
It's been a long 9 hrs but apart from not dipping closer to the pivot at the Daily Open, it went mostly according to the pattern... One more Turn-n-Burn into the books...

Watching closely but planning to tread very carefully the rest of this week.

Profits are easier to get than keep many times, and I already used up my quota of tweaking the Lions nose this week...

G'nite all.
FUBAR...
  • #262,770
  • Jun 24, 2010 4:53am Jun 24, 2010 4:53am
Here I am again, basically in the same exact short trade as yesterday, little better entry, short 2282.5 or so. This times she a gonna crack.

Fell asleep in the NY session yesterday morning and woke up to the sound of my stops all run down. These 12 hour shifts... Pay sucks, but I feel I'm learning.

Right now some up from the tight wedgy, but she'll be back. Coffee.
  • #262,771
  • Jun 24, 2010 5:12am Jun 24, 2010 5:12am
Aghh, I love it how the market manages to just take out a stop before reversing - got caught near 2352.
  • #262,772
  • Jun 24, 2010 5:20am Jun 24, 2010 5:20am
I sure hope this is more than just some crappy bear trap. I'm pretty sure it is.
  • #262,773
  • Jun 24, 2010 5:23am Jun 24, 2010 5:23am
Quoting Mr J
Aghh, I love it how the market manages to just take out a stop before reversing - got caught near 2352.
Thats zany, to the pip. When I set my stops I try to add 5 to whatever logical number I come up with. Then set it back a few more. But I only use them when i need to sleep and don't want to close, when my pos. is unwatched which is once in a blue moon. Usually doesn't work out when I go to sleep on my positions.
  • #262,774
  • Jun 24, 2010 5:24am Jun 24, 2010 5:24am
Quoting stevefx
I sure hope this is more than just some crappy bear trap. I'm pretty sure it is.
It's got that 'bear trap' look about it......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #262,775
  • Jun 24, 2010 5:26am Jun 24, 2010 5:26am
Quoting realjumper
It's got that 'bear trap' look about it......
Yeah that big pin bar in the bottom left, looks like the one from yesterday that sent us sailing, but this one doesn't have the placement in the bottom of the H1 channel.
  • #262,776
  • Jun 24, 2010 5:31am Jun 24, 2010 5:31am
Quoting stevefx
Yeah that big pin bar in the bottom left, looks like the one from yesterday that sent us sailing, but this one doesn't have the placement in the bottom of the H1 channel.
Yeah but even still...be careful. Nothing worse than giving back pips
Doing what you like is Freedom. Liking what you do is Happiness.
  • #262,777
  • Jun 24, 2010 5:31am Jun 24, 2010 5:31am
Patience guys...we'll know soon enough. We bounced off of the 61.8 of the run upward from yesterday....we dropped around 90 pips and thus far have only had 30 pips retrace...haven't even reached the 50.0...we're building a bear wedge on the 5M...we'll see.
  • #262,778
  • Jun 24, 2010 5:32am Jun 24, 2010 5:32am
Here u go
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 120 KB
  • #262,779
  • Jun 24, 2010 5:37am Jun 24, 2010 5:37am
Quoting PriceVolume
Patience guys...we'll know soon enough. We bounced off of the 61.8 of the run upward from yesterday....we dropped around 90 pips and thus far have only had 30 pips retrace...haven't even reached the 50.0...we're building a bear wedge on the 5M...we'll see.
I hear you. I plan to be patient until 8AM ET, hour and a half. If the 4hr bar closes as big pin right next to this big bear bar to the left, thats a place I won't want to be short anymore.
  • #262,780
  • Jun 24, 2010 5:43am Jun 24, 2010 5:43am
But looks like one big huge head and shoulders on the 1 hour. Could be good sign for current bears!
All that is left in FF is just plain garbage. "Cloggie"
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