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  • #280,521
  • Aug 11, 2010 11:09am Aug 11, 2010 11:09am
Quoting gatorinla
its in sight.. but first things first.
ok
  • #280,522
  • Aug 11, 2010 11:13am Aug 11, 2010 11:13am
Something is cooking in the marmitte...
  • #280,523
  • Aug 11, 2010 11:17am Aug 11, 2010 11:17am
  •  flx
  • | Joined Dec 2008 | Status: Avoid Death by a Thousand Stops | 86 Posts
Quoting flx
Target aquired. EUR weakness realized like S&P chartlike did in 2009 but faster.
IŽll wait 1.3030 h4 and reload at 1.2951 w1 expecting a double top or the right shoulder.
1.3030 blowed -30
1.2951 blowed -30
what a heck
waiting macd to stabilize
What goes around comes around
  • #280,524
  • Aug 11, 2010 11:20am Aug 11, 2010 11:20am
we seen this a couple of times today and it took us here...

waiting for another retest on low vol down candle to get in long.

hapipipin
dreams do come true.
  • #280,525
  • Aug 11, 2010 11:24am Aug 11, 2010 11:24am
Quoting gatorinla
its getting close to europe closing... maybe we will get the u.s. pump after.
One should use this POP as an opportunity to get the heck

out of the Dollar, before it collapse completely.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #280,526
  • Aug 11, 2010 11:24am Aug 11, 2010 11:24am
I think some trade above 30/35 could prompt some short covering...just specking...
Look Sharp/Trade Tight
  • #280,527
  • Aug 11, 2010 11:26am Aug 11, 2010 11:26am
Hi Mr Bull,

I tend to agree that looking at the daily charts this is just part of a correction.

Euro was in a steady upchannel (base 1.1922 close of 7th June - 1.2189 close of 29th June)

On 13th July it broke through the top of the channel, significantly at this point it broke through the resistance trendline marked by December and May highs.

At this point the Euro started to get a little ahead of itself, bounced on the top of the channel on 21st July and then took off again.

Now price is back in the middle of the original channel and whilst it remains in this channel then medium term bull move is still intact.At this point in time the bottom of the sloping support line is at 1.2700 ish.A break of that trend line would mark the end of this up move.
Attached Image (click to enlarge)
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  • #280,528
  • Aug 11, 2010 11:34am Aug 11, 2010 11:34am
Price will most likely pull back up to 1.2927-35 where is next significant accumulation of shorts and there likely goes 50-MA on 5min tf when we get there.
They think they are smarter than I am.
  • #280,529
  • Aug 11, 2010 11:35am Aug 11, 2010 11:35am
Quoting Z3iz3i
Price will most likely pull back up to 1.2927-35 where is next significant accumulation of shorts and there likely goes 50-MA on 5min tf when we get there.
Why do you think ity will stop there?
For me it looks like 1.2955 area is a stronger resistanceline? Or what I am I overlooking?
  • #280,530
  • Aug 11, 2010 11:37am Aug 11, 2010 11:37am
Quoting Villonius
Hi Mr Bull,

I tend to agree that looking at the daily charts this is just part of a correction.

Euro was in a steady upchannel (base 1.1922 close of 7th June - 1.2189 close of 29th June)

On 13th July it broke through the top of the channel, significantly at this point it broke through the resistance trendline marked by December and May highs.

At this point the Euro started to get a little ahead of itself, bounced on the top of the channel on 21st July and then took off again.

Now price is back in the middle of the original channel and...
Yes, I also agree with you
That trendline is really the last one that supports the bull trend. A break of that trendline will definitely mark the end of the up move.
  • #280,531
  • Aug 11, 2010 11:39am Aug 11, 2010 11:39am
Quoting Sunsi
Why do you think ity will stop there?
For me it looks like 1.2955 area is a stronger resistanceline? Or what I am I overlooking?
I dont know if its stops there, that is the point where to watch next move.

Yup, around 1.2947-55 is bigger resistance.

Maybe Stochs that time could give some indication as well.
They think they are smarter than I am.
  • #280,532
  • Aug 11, 2010 11:41am Aug 11, 2010 11:41am
Quoting Villonius
Hi Mr Bull,

I tend to agree that looking at the daily charts this is just part of a correction.

Euro was in a steady upchannel (base 1.1922 close of 7th June - 1.2189 close of 29th June)

On 13th July it broke through the top of the channel, significantly at this point it broke through the resistance trendline marked by December and May highs.

At this point the Euro started to get a little ahead of itself, bounced on the top of the channel on 21st July and then took off again.

Now price is back in the middle of the original channel...
Vill,

Do I see a 38.2 fib on that chart? Thats 2568 on mine If i see it correctly..
From that chart we can see that a daily TL has been broken...good one but needs 2568 to hold if bulls wanna keep the uptrend
  • #280,533
  • Aug 11, 2010 11:43am Aug 11, 2010 11:43am
Quoting Z3iz3i
Price will most likely pull back up to 1.2927-35 where is next significant accumulation of shorts and there likely goes 50-MA on 5min tf when we get there.
yep 2939-35 if the volume is enough to push it there
  • #280,534
  • Aug 11, 2010 11:43am Aug 11, 2010 11:43am
Quoting Z3iz3i
I dont know if its stops there, that is the point where to watch next move.

Yup, around 1.2947-55 is bigger resistance.

Maybe Stochs that time could give some indication as well.
I understand
If suddenly just fell 20 pips+ realy fast...
Any spesific reason?
  • #280,535
  • Aug 11, 2010 11:44am Aug 11, 2010 11:44am
Another amemic bounce...
Look Sharp/Trade Tight
  • #280,536
  • Aug 11, 2010 11:46am Aug 11, 2010 11:46am
Quoting PayTheLimit
Another amemic bounce...
Thats why I advise trading until europe is closed...overtrading is obsolete, and can make ur account dip ;D
  • #280,537
  • Aug 11, 2010 11:48am Aug 11, 2010 11:48am
Quoting forexings
Be practical. Check your chart. you will get 2950 as a resistance.
Bull created support there in 9 hours range trade. That support rejected many downside attempt.
And who said that 3031 is support? let bear go 3050 again. I wana see how strong is your support.

You cannot say traders hesitation or retracement point is support/resistance.
Money supply to go up is support.

3000 will be danger point for scalp because pair can start move to any direction at any time.
Hi...just wanna say ur prediction GREAT...I'm still collect mini pips...so how to got the TREND.....what's ur TA??? MA???or else??? could u share....so i can OP and got the Trend...TQ
  • #280,538
  • Aug 11, 2010 11:50am Aug 11, 2010 11:50am
Quoting Sunsi
I understand
If suddenly just fell 20 pips+ realy fast...
Any spesific reason?
Stocks (DOW) are getting beat and might be a breakout try or then failed breakout.

But who knows...
They think they are smarter than I am.
  • #280,539
  • Aug 11, 2010 12:06pm Aug 11, 2010 12:06pm
1 hour open below 2890....more bears? shorts anyone?
  • #280,540
  • Aug 11, 2010 12:24pm Aug 11, 2010 12:24pm
Quoting Scorpii
1 hour open below 2890....more bears? shorts anyone?
i'm long, my target is 1.2945
Pecunia non olet
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