EURUSD

i buy from 2720 and i make sl support 3097
but i think little low to make more up trend

Everyone went bearish now ? lol... i'd like to know why guys.

I'm still looking to buy dips....selling the pair is out of the question, unless 1,3150 is heavily taken out but i hope not

The stocks has changed direction at least for Asian, If the Europe and Dow follows that, I wouldnt be surprise.

I have extra caution on longing right now.

Not everyone.

aha, a civil war in China is impossible, i think. its government is strong and controlling almost everything...people there are suffering and will suffer all what they have suffered in previous years...but indeed now grievance among Chinese common people are rising, for the CPI, for the housing prices, for all the unfair things...
so the government is thinking about solving some livelihood problems...hope it will work~~whatever, China's market has great potential

am in tide stop loss

always a possibility.
http://www.investopedia.com/terms/c/cupandhandle.asp

Crude is well over bought aswell now on MAC RSI 14 indicators. Looks good for a short as does the DOW.

See your point its continued going consistantly up now for 2 odd months more.

last uptrend ..........................

i hope dont sunk to much

Dollar index 15 min chart is showing a little strength aswell which will send EU down for a retrace a bit

I need a retrace to reenter long, otherwise.... noway.

since everyone is expecting short i would be careful and delay shorting

good sl dude i make it too
i think if get under this we can say sell time

Good Morning all,

It's really frustrating. Seems everybody talks about fibonacci but I haven't figured out how to actually place one on a chart to end up with something that makes any sense. Click on a low point then click on a high and hey presto - well that seems to be how an advisor at the broker's sarcastically told me. So, meantime I just follow trends and sometimes they continue then again, sometimes they don't :-)

good morning lorna
do you search for books about it before ?
its easy method
but most books learn it wrong
i will try find some books in English to you

Hi

it seems Euro on pressure to go down till 1.319 ?

good entry for long

Hi Lorna,

Something to consider... Fibonacci levels are simply and indicator of how the market feels about the current price. It marks out where the psychological levels are and then you wait to see whether the movement is just a retracement or a reversal. Like every other indicator nothing is fool proof.

Generally there are some key levels like the 23.6%, 38.2% 50%, 61.8% and 72%.

Generally speaking, if a movement retraces to 23.6% and 38.2% then starts to swing back the original trend it means the previous movement was really strong and will continue in that direction. Additionally, if the retracement surpasses 61.8% and more importantly the 72% mark there are strong signs of weakness in the previous movement and most likely a complete reversal is happening.

You must use other indicators or trading theories like Elliot wave to supplement the analysis.

Let me make this clear however, I'm not a guru at this, nor do I use this indicator in my regular trades. There's nothing wrong with it, it is good to those suited for it... you'll only know by observation and practice.

Personally, I have had a much better success looking at the psychology of the market using Candles formation and other indicators such as Bollinger bands to confirm the formations.

Fibonacci's are also psychology related indicator however in my opinion, it is a very delayed indicator as most of the movement has to pass in order for you to interpret whether the movement is strong or not.

There are absolute geniouses out there or in this thread though that can probably further your understanding and application of the Fibs.

I like this website as well. Very informative. http://www.forexoma.com/how-to-use-f...stock-trading/

Hope it helps.

Cheers,
Ronnie

GOOD Morning

not now mate its going down but will go down till 3190-80 then go up selling can be started from there for scalping but not now and we are making higher high without failure until no rejection so Sell is worthless ..GOOD luck

Ub

Who knows, we might see a bearish day...
Hope not though, i'm waiting my 1,3320, and gbpusd didn't reach 1,6000.. i just can't imagine such a rally without an attempt to breach 1,6000