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  • #269,001
  • Jul 8, 2010 3:15pm Jul 8, 2010 3:15pm
Quoting morfisher
Mmm but why?
more or less because of this
http://cdn.forexfactory.com/attachme...1&d=1278623753

even if I have not spotted a down pattern yet, just a flag.
  • #269,002
  • Jul 8, 2010 3:16pm Jul 8, 2010 3:16pm
Quoting gatorinla
the pattern i used to show 2711.2. is usually overshot. from a few pips to 35. it rarely gets hit exactly. but in the times it has immediate reversal has happened in the other 2 times i remember.
Yea usually when overshoot happens the effect is an immediate reversal, no matter teh TF. Overshoot is above utimate resistance level and that usually means extremely overbought zone.
  • #269,003
  • Jul 8, 2010 3:20pm Jul 8, 2010 3:20pm
Quoting sidhujag
Do you guys think EU will go and try to touch the 200 day moving average? it crossed the 50 and usually when it closes above after a while it will go ahead and touch the 200.. (meaning a new trend)... which coincides with this month's NYSE analysis that is to pump before earnings. If it doesn't that means we are still in a down trend so the question really is.... do you think the trend will change (based on the euro situation dying down and NY double dip fears negated) or do you think it will come back under the 50 day ma?

Jag
We are seeing that short-term trend is close to reversal from bullish to bearish.
long-term trend is down and continue down.
Most of us are a day trading and we go with the direction of the short-term trend;
  • #269,004
  • Jul 8, 2010 3:20pm Jul 8, 2010 3:20pm
Quoting T@rantula
Yea usually when overshoot happens the effect is an immediate reversal, no matter teh TF. Overshoot is above utimate resistance level and that usually means extremely overbought zone.
those tl plus where other pairs are at. will make 2321 2346 hard to reach. if it happened last night it would of been easier since tl are time sensitive. but anything can and will happen.
those who can, do. those who cant, talk about those who can
  • #269,005
  • Jul 8, 2010 3:23pm Jul 8, 2010 3:23pm
Quoting gatorinla
those tl plus where other pairs are at. will make 2321 2346 hard to reach. if it happened last night it would of been easier since tl are time sensitive. but anything can and will happen.
exactly
  • #269,006
  • Jul 8, 2010 3:33pm Jul 8, 2010 3:33pm
Quoting ppxdf
We are seeing that short-term trend is close to reversal from bullish to bearish.
long-term trend is down and continue down.
Most of us are a day trading and we go with the direction of the short-term trend;
I think if it doesn't react immediately we are going to atleast 1.2950

Thanks,
Jag
  • #269,007
  • Jul 8, 2010 3:39pm Jul 8, 2010 3:39pm
the "react immediately" thing is already over, it has broken 2 major TLs already.

i dont care about up or down... i wanna see momentum, thats all.

Cheers




Quoting sidhujag
I think if it doesn't react immediately we are going to atleast 1.2950

Thanks,
Jag
Follow the Trend, thats all
  • #269,008
  • Jul 8, 2010 3:39pm Jul 8, 2010 3:39pm
Quoting sidhujag
I think if it doesn't react immediately we are going to atleast 1.2950

Thanks,
Jag

one possible option if it doesn't turn southwards.

~1.2979 61.8% Fib Daily Chart from 2010.04.14
&
near daily EMA120

good time for trading M1, M5, M15, M30
  • #269,009
  • Jul 8, 2010 3:40pm Jul 8, 2010 3:40pm
  • #269,010
  • Jul 8, 2010 3:47pm Jul 8, 2010 3:47pm
Quoting pauly
the "react immediately" thing is already over, it has broken 2 major TLs already.

i dont care about up or down... i wanna see momentum, thats all.

Cheers
i has not broken 2 major tls yet..........1st one it bounced off of is the daily tl, which is drawn exact....the one above it is the magnet tl which is very, very strong......
Attached Image (click to enlarge)
Click to Enlarge Name: eujuly9a.jpg Size: 94 KB
  • #269,011
  • Jul 8, 2010 3:48pm Jul 8, 2010 3:48pm
Quoting T@rantula
exactly
im getting bear rhythms that work already. 2582 may be in the cards. among others
those who can, do. those who cant, talk about those who can
  • #269,012
  • Jul 8, 2010 3:50pm Jul 8, 2010 3:50pm
you have missed something today.



Quoting mfoste1
i has not broken 2 major tls yet..........1st one it bounced off of is the daily tl, which is drawn exact....the second one is the magnet tl which is very, very strong......
Follow the Trend, thats all
  • #269,013
  • Jul 8, 2010 3:52pm Jul 8, 2010 3:52pm
Quoting gatorinla
im getting bear rhythms that work already. 2582 may be in the cards. among others
That was supposed to happen yesterday..2570 and it came down to 2630
As for the bearish signals...MACD , OBV, OSMA all are sizzling with possible classic bearish divergences.

Time will tell...I go to sleep now and wish u a very good night
  • #269,014
  • Jul 8, 2010 3:54pm Jul 8, 2010 3:54pm
Quoting pauly
you have missed something today.
what have I missed today? scalps?.....i dont scalp

trust me, i didnt miss a thing, my orders are set......
  • #269,015
  • Jul 8, 2010 3:55pm Jul 8, 2010 3:55pm
Well I'm off to bed, am knackered, you cannot beat the fibs, there is so little fibs here, astonishing.
  • #269,016
  • Jul 8, 2010 4:00pm Jul 8, 2010 4:00pm
show me one fib in your attachment history TALENTFX!



Quoting morfisher
Well I'm off to bed, am knackered, you cannot beat the fibs, there is so little fibs here, astonishing.
Follow the Trend, thats all
  • #269,017
  • Jul 8, 2010 4:03pm Jul 8, 2010 4:03pm
Well, as usual on the 15 Min. which is the only way to trade at the moment, we have 3 UTLines of support. Grey area in my view is no mans land. Once inside the grey a bounce long off the very bottom UTL is the only way I will attempt this. Until then I am a Blue area trader.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
  • #269,018
  • Jul 8, 2010 4:03pm Jul 8, 2010 4:03pm
Quoting pauly
show me one fib in your attachment history TALENTFX!
He cannot, this lot had him muzzled!
  • #269,019
  • Edited 4:20pm Jul 8, 2010 4:04pm | Edited 4:20pm
the bear flag was broken. and the market didnt react.

me neither because of U/C.

then the same happend with a resistance TL ( not the h4 )



Quoting mfoste1
what have I missed today? scalps?.....i dont scalp

trust me, i didnt miss a thing, my orders are set......
Follow the Trend, thats all
  • #269,020
  • Jul 8, 2010 4:09pm Jul 8, 2010 4:09pm
set 5 pending orders enter short at 1.2965 &

Bonne soirée!
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