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  • #280,541
  • Aug 11, 2010 12:24pm Aug 11, 2010 12:24pm
Retestning 1.2865 area now, bounce or break? What do you think?
I am hoping for a bounce, so we can get a double bottom on the 4h chart, and a nice retrace, also DJ has risen abit last hour, wich could be a indicator of a bounce.
  • #280,542
  • Aug 11, 2010 12:26pm Aug 11, 2010 12:26pm
Quoting Scorpii
1 hour open below 2890....more bears? shorts anyone?
I've got a sell stop at 2860/59 in case it breaks down again (past what I have as weekly S3 @ 2861), but it looks like a bullish wedge/flag might be forming (m5/15/H1)?
  • #280,543
  • Aug 11, 2010 12:28pm Aug 11, 2010 12:28pm
Quoting wm-eu
i'm long, my target is 1.2945
good luck
  • #280,544
  • Aug 11, 2010 12:29pm Aug 11, 2010 12:29pm
Hi Tarantula,

Yep that is a 38.2 Fib but mine is at 1.2781 (low 1.1871 high 1.3340).How do you get 1.2568 ?

As regards TL broken yes price has gone through top of channel to downside but often Resistance doesn't act as Support, the reverse tends to hold true more often.

As I said many times I'm quite new at this so any feedback and advice gratefully received.
  • #280,545
  • Aug 11, 2010 12:30pm Aug 11, 2010 12:30pm
wonder if the giant panda is lurking down here...
Look Sharp/Trade Tight
  • #280,546
  • Aug 11, 2010 12:33pm Aug 11, 2010 12:33pm
Quoting Maxsmart
good luck


he might need more than luck.......something to the tune of 300mio euros
  • #280,547
  • Aug 11, 2010 12:41pm Aug 11, 2010 12:41pm
Quoting SkyzerFX
One should use this POP as an opportunity to get the heck

out of the Dollar, before it collapse completely.
pop! why would i do that? the line on your "death usd chart " was crossed. what kind of shoes do you wear?
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those who can, do. those who cant, talk about those who can
  • #280,548
  • Aug 11, 2010 12:44pm Aug 11, 2010 12:44pm
Quoting mfoste1
he might need more than luck.......something to the tune of 300mio euros
Why dont you think a small retrace is possible after the big down move, and we also see the pair having trouble breaking 1.2865 ?
  • #280,549
  • Aug 11, 2010 12:46pm Aug 11, 2010 12:46pm
US market almost sleepy, hope Asian markets will bring some shower........ till then here and there of 20-30 pips range.............
  • #280,550
  • Aug 11, 2010 12:48pm Aug 11, 2010 12:48pm
Quoting Sunsi
Why dont you think a small retrace is possible after the big down move, and we also see the pair having trouble breaking 1.2865 ?
why not just go with the flow....u will be more luckier going with the flow instead of going against it...

my 2 cents...Peace
  • #280,551
  • Aug 11, 2010 12:48pm Aug 11, 2010 12:48pm
Quoting Scorpii
1 hour open below 2890....more bears? shorts anyone?

Assume the trend will last forever, unless you have a major swing over 60%FIB of the major trend.
We are still in a downtrend, there is more bad news to come both for EU and USA in the next few weeks. Unfortunately, when the markets go down the USA currency will be again safe haven for investors.
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  • #280,552
  • Aug 11, 2010 12:51pm Aug 11, 2010 12:51pm
btw #9 done ...10 pending..nay get some support at 2847 2744
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those who can, do. those who cant, talk about those who can
  • #280,553
  • Aug 11, 2010 12:53pm Aug 11, 2010 12:53pm
Quoting gatorinla
pop! why would i do that? the line on your "death usd chart " was crossed. what kind of shoes do you wear?
It's dead bro, forget it. little more and then back down..

Little hope for $USD long losers, though.. Keep beating up the

dead horse


Double dip

My a$$, those dumbsters will come back tomorrow, scooping up the

cheep shares.. DOW will be pushing 14k by Christmas..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #280,554
  • Aug 11, 2010 12:54pm Aug 11, 2010 12:54pm
Quoting Sunsi
Why dont you think a small retrace is possible after the big down move, and we also see the pair having trouble breaking 1.2865 ?

nah man im not sayin there wont be a retrace......there probably will be here.....but im just saying that when this ball gets rollin', its hard to stop it.....sentiment and conditions are worse now then they were then, put that into perspective.....do you think it was a coincidence that all yen crosses were sold heavily, but uj wasnt? dollar and yen treasuries werent bought in massive quantities for nothin'

http://www.forexfactory.com/showpost...stcount=278971

http://www.forexfactory.com/showpost...stcount=278953
  • #280,555
  • Aug 11, 2010 12:58pm Aug 11, 2010 12:58pm
Quoting mfoste1
nah man im not sayin there wont be a retrace......there probably will be here.....but im just saying that when this ball gets rollin', its hard to stop it.....sentiment and conditions are worse now then they were then, put that into perspective.....do you think it was a coincidence that all yen crosses were sold heavily, but uj wasnt?

http://www.forexfactory.com/showpost...stcount=278971

http://www.forexfactory.com/showpost...stcount=278953
Good post sir!
  • #280,556
  • Aug 11, 2010 1:00pm Aug 11, 2010 1:00pm
Quoting SkyzerFX
It's dead bro, forget it. little more and then back down..

Little hope for $USD long losers, though.. Keep beating up the

dead horse


Double dip

My a$$, those dumbsters will come back tomorrow, scooping up the

cheep shares.. DOW will be pushing 14k by Christmas..

i see youre back to the same ole sentiment against the dollar.....
  • #280,557
  • Aug 11, 2010 1:02pm Aug 11, 2010 1:02pm
I didn't know completely which way to trade, but when I saw Skyzer posting against DULLAH then now I know exactly that to SELL that is the direction haha
  • #280,558
  • Aug 11, 2010 1:09pm Aug 11, 2010 1:09pm
I'm gunning for 1.28347. Looks like the last support stop and (perfect) overlap of the 38.2% fib of Jul 13's low. If EU doesn't bounce there, badness will have returned. NA equities are remaining in the dumpster as the day's gone on, so further fx declines wouldn't surprise me.
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  • #280,559
  • Aug 11, 2010 1:14pm Aug 11, 2010 1:14pm
Quoting SkyzerFX
It's dead bro, forget it. little more and then back down..

Little hope for $USD long losers, though.. Keep beating up the

dead horse


Double dip

My a$$, those dumbsters will come back tomorrow, scooping up the

cheep shares.. DOW will be pushing 14k by Christmas..
i think you missed your July oil prediction too.. you did mean 2010? right?
those who can, do. those who cant, talk about those who can
  • #280,560
  • Aug 11, 2010 1:17pm Aug 11, 2010 1:17pm
we may bounce a little from the weekly support @1.2744
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