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  • #286,201
  • Aug 26, 2010 4:40am Aug 26, 2010 4:40am
Quoting hytham
I am not expert in translting candles, but can smebody explain the one on the HR4 chart photo...

Is it Doji, does it mean reversal to downside?
Hi Hytham

you can find this interesting : http://www.forexboost.com/members_ar...DayTrading.pdf

This means generally neutral between bulls & bears, better waiting...
  • #286,202
  • Aug 26, 2010 4:44am Aug 26, 2010 4:44am
Bulls are sleeping like this..we need to woke them up

Inserted Video
  • #286,203
  • Edited 4:58am Aug 26, 2010 4:44am | Edited 4:58am
Quoting Xismal
I got a potential bounce area at 1.2677 though, which also corresponds with a short timeframe 50% fibonnaci retracement from this short move up from yesterday.

I am short-biased at the moment, so will probably take your advice and stay out.
Well spotted as possible bounce area , round bottom & possible inverted hs may develop H4 tf & if so even a short break next time to 2662 ok and expected price move may 143pips from 2728 or 143+65 from 2663 possible , that is 2871 may come in scene.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #286,204
  • Aug 26, 2010 4:44am Aug 26, 2010 4:44am
Quoting PriceVolume
We're on the cusp gator.....green light or reprieve??? Tick tock, as you say...
this is the predictive #1.. you can see where we turned once already in the mofu. right on the edge. it passed the 50% on the way down w/o respect.. this wasn't normal.
the chart posted earlier has a red line at 2745.2.. it was from the 2524.57 #15 predictive chart. it was a level just above 2739. you can see where we stopped. like i said i get screwed not trusting the math. i have my trades in place.. but i do need 2663...

the blue chart to the side is #2,, it gives a new low target.. 2519.. close to the original 2524
Attached Image
those who can, do. those who cant, talk about those who can
  • #286,205
  • Aug 26, 2010 4:54am Aug 26, 2010 4:54am
Quoting fontu
Well spotted as possible bounce area , round bottom & possible inverted hs may develop H4 tf .even a short break next time to 2662 ok .
fontu
Yeah... and the daily chart emphatizes even more that possibility. Interesting that we stopped the upside move exactly at the 100 MA. If we cross it, this could be another argument for bulls along with the fundamental data results.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily.jpg Size: 439 KB
  • #286,206
  • Aug 26, 2010 4:58am Aug 26, 2010 4:58am
Quoting Z3iz3i
Hey, look at the investopedia or google ASI. Its better you read yourself than me explaining, i should be busy right now

It has nothing to do with overbought/oversold, thats for Stochastic.
have told goodbye to indicators and trade has really improved,....and i am too busy right now to google and so ASi goes to the recycle bin .
good luck to you wth ASI and hope you get some market turns with ASI and hope you shall post it here,
yet to see some post of market turn call from you.
  • #286,207
  • Aug 26, 2010 5:02am Aug 26, 2010 5:02am
@Gatorinla and PriceVolume

Read some of your posts, correct me if I interpreted them wrongly, but both of you have contrasting views with regards to the impact of QE2 (if it even ever happens).

PriceVolume seems to imply that EUR/USD would shoot to the roof whereas Gatorinla seems to imply that USD would shoot up (implying EUR/USD would plunge).

Please correct me if I read/interpreted wrongly.

Would either or both of you care to elaborate on your views please? Was not around during the first QE when it happened.

Thanks.
  • #286,208
  • Aug 26, 2010 5:05am Aug 26, 2010 5:05am
Quoting Mr Bull
Yeah... and the daily chart emphatizes even more that possibility. Interesting that we stopped the upside move exactly at the 100 MA. If we cross it, this could be another argument for bulls along with the fundamental data results.
ok ,not seeing any fundaments but when price overlap the lowest level of previous consolidation or wave should tell something.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.gif Size: 7 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #286,209
  • Aug 26, 2010 5:09am Aug 26, 2010 5:09am
Interesting to see if the bounce lasts after unemployment today. In equities I mean. It was very expected by technicals and I didn't really see 10000 broken for good until friday so the bounces were expected.
  • #286,210
  • Aug 26, 2010 5:12am Aug 26, 2010 5:12am
Morning Traders-- MAKE YOUR SHORTS READY
If you now the Way out -- please tell me
  • #286,211
  • Aug 26, 2010 5:12am Aug 26, 2010 5:12am
We can speculate without many risk that US news (in a few hours) will be bad .

Why risk aversion is not present on EUR and USD is going down (USDCHF going down, USDX weak, etc..) ?

Sorry for my naive question...

Thanks
  • #286,212
  • Aug 26, 2010 5:16am Aug 26, 2010 5:16am
Man it will be great to watch Bernanke's face while he speaks and market drops 1000 points or so . With a bad GDP that's very possible.
  • #286,213
  • Aug 26, 2010 5:16am Aug 26, 2010 5:16am
Quoting gatorinla
.. then we got an election.
Always seems to get in the way of progress
Look Sharp/Trade Tight
  • #286,214
  • Aug 26, 2010 5:21am Aug 26, 2010 5:21am
Quoting gatorinla
qe would devalue usd. but it has to go through congress. not a fast thing to do normally . even slower when congress is on vacation. all we got how is talk.. mostly from media.. then we got an election. it will make anything harder to pass.
Bank of China will not be very happy of such a decision on usd !
  • #286,215
  • Aug 26, 2010 5:26am Aug 26, 2010 5:26am
Quoting style2fx
Bank of China will not be very happy of such a decision on usd !
then they should unpeg the currency. if i was in charge i would play their game and peg the usd to their currency. at my rate. boom... their unemployment goes to 50 %. revolution... problem solved.
those who can, do. those who cant, talk about those who can
  • #286,216
  • Aug 26, 2010 5:28am Aug 26, 2010 5:28am
i think EU will go down before claims data and then spike up to same level.....i like this game
  • #286,217
  • Aug 26, 2010 5:40am Aug 26, 2010 5:40am
Quoting One.Trade
Morning Traders-- MAKE YOUR SHORTS READY
Why ? Maybe chart to explain ?
For me it's bullish day, data must be better than expected, because claims above 500k again will be last nail for USA coffin - lol- and risk aversion will crash EU fast. Just my thoughts.

Broken trendline and 1.2730 test. This is important area, and i think that price will jump over it with free ride to 1.29 negating that SHS formation.
Ofcourse... i might be wrong
Attached Image (click to enlarge)
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  • #286,218
  • Aug 26, 2010 5:43am Aug 26, 2010 5:43am
Good data will probably see the EUR/USD rise, as it gives further reason for traders to be uneasy that the Fed will probably introduce QE measures, and thus they will flee the dollar.
  • #286,219
  • Aug 26, 2010 5:46am Aug 26, 2010 5:46am
I see a fork uptrend on the 30 min chart we could hit R2 and R3 today ?
Everything this morning is Bullish and yesterday everything was Bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR%2FUSD--30 Minute.jpg Size: 170 KB
  • #286,220
  • Aug 26, 2010 5:46am Aug 26, 2010 5:46am
I bet $ 5 that it again goes back at 1.2722
If you now the Way out -- please tell me
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