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EURUSD

  • #280,561
  • Aug 11, 2010 1:21pm Aug 11, 2010 1:21pm
Euro has broken the daily trendline now, just incase anybody has not noticed this.
rat
  • #280,562
  • Aug 11, 2010 1:21pm Aug 11, 2010 1:21pm
Quoting ziko123
we may bounce a little from the weekly support @1.2744

weekly support @ 2744?.......the next weekly support I have is S3 @ 2623.....monthly pivot is @ 2778
  • #280,563
  • Aug 11, 2010 1:29pm Aug 11, 2010 1:29pm
Quoting The Fool
20+ scalped & banked & one left long @ .3048 sl @ be tp open, probably won't make it & i don't care

i bet those oil inventories come in lower & crude spikes b4 NYO, $ drops, but i have been wrong before
damn, wrong again. I shoulda shorted. Good thing I don't trade for a living....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #280,564
  • Aug 11, 2010 1:32pm Aug 11, 2010 1:32pm
Quoting rattyo
Euro has broken the daily trendline now, just incase anybody has not noticed this.
who would of thunk it?
those who can, do. those who cant, talk about those who can
  • #280,565
  • Aug 11, 2010 1:33pm Aug 11, 2010 1:33pm
Quoting gatorinla
took a nap.. thanks.. i didnt know i would have to change it for each tf. we hit that tl i posted..it bounced... now is the time for a long using that tl for a sl... if you lean that way..... im not recommending a trade .. just pointing this one out..
i didn't know that either..thx tarantula
  • #280,566
  • Aug 11, 2010 1:34pm Aug 11, 2010 1:34pm
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..
1- EUR/USD is at 23.6% FIB support (line drawn from hist high at 6040 to low at 1880) around 2870.

2- Although MACD and RSI do not always represent the next move, they are showing that the pair is oversold at HR4 and HR1 charts.

3- Looking at the DXY chart, it is at a trend line resistance which may stop the index from further advancement.

4- S&P bounced back up from 1090 (support point), which is a 38.2% Fib for line since April high to July low. Break of which could take S&P to 1050-1040.

I do not always like to play the defensive game with my money. But all of the above tells me there is a chance for longs at this time. The question is that at what point shall we place them?
  • #280,567
  • Aug 11, 2010 1:36pm Aug 11, 2010 1:36pm
Quoting uraceulose
I'm not a huge MA guru but the 365 prolly means something...the 200 did...we also had a perfect retap on the 4hr of the wedge...it looks down to me, could be a nice fall. this is the type of PA that i've been waiting for to get active again
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i don't see much in the way of support for a bit 2620 seems logical to me for a possible resumption of the up trend but damn check out that daily bar...
  • #280,568
  • Aug 11, 2010 1:39pm Aug 11, 2010 1:39pm
Quoting mfoste1
weekly support @ 2744?.......the next weekly support I have is S3 @ 2623.....monthly pivot is @ 2778

forget about pivots, they are just created for the public to Deceive them,
the support and resistance I use are based on many factors, the most import one of them is ATR, I said couple of hours before FOMC that no long without a close above the H4 resistance of 1.3176 and it didn't close above it although it spiked, so it hit that resistance and tanked breaking the daily support @1.3110 by 240 pips and only 130 pips away from weekly support
  • #280,569
  • Aug 11, 2010 1:40pm Aug 11, 2010 1:40pm
Quoting hytham
1- EUR/USD is at 23.6% FIB support (line drawn from hist high at 6040 to low at 1880) around 2870.

2- Although MACD and RSI do not always represent the next move, they are showing that the pair is oversold at HR4 and HR1 charts.

3- Looking at the DXY chart, it is at a trend line resistance which may stop the index from further advancement.

[color=black][font=Verdana]4- S&P bounced back up from 1090 (support point),...
personally if i was gonna do it.. id wait to get above 2883...
those who can, do. those who cant, talk about those who can
  • #280,570
  • Aug 11, 2010 1:41pm Aug 11, 2010 1:41pm
Quoting ziko123
forget about pivots, they are just created for the public to Deceive them,
the support and resistance I use are based on many factors, the most import one of them is ATR, I said couple of hours before FOMC that no long without a close above the H4 resistance of 1.3176 and it didn't close above it although is spiked, so it hit the resistance and tanked breaking the daily support @1.3110 by 240 pips and only 130 pips away from weekly support

lol i gotta laugh at that......couldnt be further from the truth
  • #280,571
  • Aug 11, 2010 1:48pm Aug 11, 2010 1:48pm
what do you think about 2813 level (100 days MA on daily chart)?? If the cross will reach it probably some bulls will come out and push the pair up....could be??
  • #280,572
  • Aug 11, 2010 1:49pm Aug 11, 2010 1:49pm
Quoting hytham
1- EUR/USD is at 23.6% FIB support (line drawn from hist high at 6040 to low at 1880) around 2870.

2- Although MACD and RSI do not always represent the next move, they are showing that the pair is oversold at HR4 and HR1 charts.

3- Looking at the DXY chart, it is at a trend line resistance which may stop the index from further advancement.

[color=black][font=Verdana]4- S&P bounced back up from 1090 (support point),...
I WILL SAY NOW
ブードゥー教
  • #280,573
  • Aug 11, 2010 1:49pm Aug 11, 2010 1:49pm
Quoting ziko123
forget about pivots, they are just created for the public to Deceive them,
the support and resistance I use are based on many factors, the most import one of them is ATR, I said couple of hours before FOMC that no long without a close above the H4 resistance of 1.3176 and it didn't close above it although it spiked, so it hit that resistance and tanked breaking the daily support @1.3110 by 240 pips and only 130 pips away from weekly support
if it works for you great. other things work for other people and that's great too. the answers are not in any particular method if you don't know how to use it.
those who can, do. those who cant, talk about those who can
  • #280,574
  • Aug 11, 2010 1:53pm Aug 11, 2010 1:53pm
Quoting gatorinla
i think you missed your July oil prediction too.. you did mean 2010? right?
By how much? It's been 82 and change few days back..

And by how much you miss your 0.50 call for EUR???

And OIL going to 100$/b too alone with the Dullah back on

tanking mode..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #280,575
  • Aug 11, 2010 2:00pm Aug 11, 2010 2:00pm
I am placing longs above 85, with SL at 60.

Let us see how this will respond.
  • #280,576
  • Aug 11, 2010 2:04pm Aug 11, 2010 2:04pm
Strong support... but broken !
  • #280,577
  • Aug 11, 2010 2:05pm Aug 11, 2010 2:05pm
good VSA setup. sl at 58. i know it's risky...
dreams do come true.
  • #280,578
  • Aug 11, 2010 2:07pm Aug 11, 2010 2:07pm
Quoting gatorinla
i got 34xx and 36xx somewhere with the original 3281.. from same method used to get 3281.. they will be valid unless we get below 1876 forever. now the 3281 retrace from 1876.....
this is actually what still had me confused until your recent charts. i was stuck on the total fib since we bounced @ the all time 50..
  • #280,579
  • Aug 11, 2010 2:12pm Aug 11, 2010 2:12pm
Quoting hytham
i am placing longs above 85, with sl at 60.

Let us see how this will respond.
trade what u see man and trust ur self do not take other people opinion or u will confuse ur self what is ur target
ブードゥー教
  • #280,580
  • Aug 11, 2010 2:15pm Aug 11, 2010 2:15pm
Quoting ziko123
forget about pivots, they are just created for the public to Deceive them,
the support and resistance I use are based on many factors, the most import one of them is ATR, I said couple of hours before FOMC that no long without a close above the H4 resistance of 1.3176 and it didn't close above it although it spiked, so it hit that resistance and tanked breaking the daily support @1.3110 by 240 pips and only 130 pips away from weekly support
tell this to acumenfx

Hes been doing a method based on pivot points and working really well
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