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  • #14,101
  • Sep 7, 2010 12:07pm Sep 7, 2010 12:07pm
confluince @ 50% fib level EUR/CAD
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  • #14,102
  • Sep 7, 2010 12:29pm Sep 7, 2010 12:29pm
Quoting longshot_nl
confluince @ 50% fib level EUR/CAD
stopped out.
  • #14,103
  • Sep 7, 2010 12:41pm Sep 7, 2010 12:41pm
short on retest, some confluince 1h GBP/USD
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  • #14,104
  • Sep 7, 2010 12:54pm Sep 7, 2010 12:54pm
some confluince AUDCAD h1.
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  • #14,105
  • Sep 7, 2010 3:52pm Sep 7, 2010 3:52pm
Quoting longshot_nl
am short here.[IMG]file:///C:/Users/User/AppData/Local/Temp/moz-screenshot.png[/IMG] [IMG]file:///C:/Users/User/AppData/Local/Temp/moz-screenshot-1.png[/IMG]
Hi

Nice setup on the USD CAD , I took a short at 1.0477. Good support resis zone combined with trendlines. Also has just hit 62% fib retrace from previous swing high. No trend bias on the the higher 1D but lower time frame price action looks good to me. Lets see if it plays out.
Nil desperandum
  • #14,106
  • Sep 7, 2010 3:56pm Sep 7, 2010 3:56pm
Quoting vincentprice
Hi

Nice setup on the USD CAD , I took a short at 1.0477. Good support resis zone combined with trendlines. Also has just hit 62% fib retrace from previous swing high. No trend bias on the the higher 1D but lower time frame price action looks good to me. Lets see if it plays out.
Same. I have a nice TL on mine as well..
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  • #14,107
  • Sep 7, 2010 4:02pm Sep 7, 2010 4:02pm
sorry for messy chart but no time to clean it up.
EU up 100 pips.
Attached Image
  • #14,108
  • Sep 7, 2010 4:12pm Sep 7, 2010 4:12pm
Quoting longshot_nl
sorry for messy chart but no time to clean it up.
EU up 100 pips.
Excuse me for being dense today, but I just do not receive the message from your chart. Could you specify what it shows to those of us who are just too tired to interpret it right now.

Thank you-
  • #14,109
  • Sep 7, 2010 4:59pm Sep 7, 2010 4:59pm
Quoting moonchild
Excuse me for being dense today, but I just do not receive the message from your chart. Could you specify what it shows to those of us who are just too tired to interpret it right now.

Thank you-
ye, the bottom line is the neckline.
Its gonna make a H&S, a full right shoulder to go.
There is confluince @ the first arrow: 2 lines, 88.6 fib level and red resistance level.
Right shoulder is going to be 100 pips high because left shoulder ends there too and there is confluince with smaller 38.2 fib level which is a healthy retrace of the recent move down.
Wherever the right shoulder ends, look for confluince but my bet is 90-100 pips.
  • #14,110
  • Sep 7, 2010 5:18pm Sep 7, 2010 5:18pm
Quoting longshot_nl
sorry for messy chart but no time to clean it up.
EU up 100 pips.
Do you mean it will go up to 1.2765 and then will return to present level of 1.2681??
  • #14,111
  • Sep 7, 2010 5:35pm Sep 7, 2010 5:35pm
Quoting behman8850
Do you mean it will go up to 1.2765 and then will return to present level of 1.2681??
I peronally think it will go to 1.2770 + 5 pips or - 5 pips.
After this it will go zig zag down to 1.21 ish.
Thats where my fib ends up but who knows how low.
  • #14,112
  • Sep 7, 2010 5:45pm Sep 7, 2010 5:45pm
I study EU more then any other pair.
But i go to bed.
cu.!
  • #14,113
  • Sep 8, 2010 4:53am Sep 8, 2010 4:53am
I didn't predict this move down.
After having profit i got stopped out during my sleep.
Neckline may be brown dotted line or yellow dotted line now.
My guess is the yellow and then a retracement to 61.8 or 50% blue fib level.
The 261.8 blue level is almost equal to the 161.8 brown level to thats my final target.

Not exactly a no brainer.. i stop bothering you with my stuff then.. not a very active thread.
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  • #14,114
  • Sep 8, 2010 5:28am Sep 8, 2010 5:28am
Quoting longshot_nl
I didn't predict this move down.
After having profit i got stopped out during my sleep.
Neckline may be brown dotted line or yellow dotted line now.
My guess is the yellow and then a retracement to 61.8 or 50% blue fib level.
The 261.8 blue level is almost equal to the 161.8 brown level to thats my final target.

Not exactly a no brainer.. i stop bothering you with my stuff then.. not a very active thread.
went long at yours trendline, expect 1,2750-70 area, will think about SHORT in this area too

http://a.imageshack.us/img844/1755/eurusd08092010.jpg
  • #14,115
  • Sep 8, 2010 5:42am Sep 8, 2010 5:42am
hey longshot,

do you go straight away into a trade when a line is touched or do you wait for confirmation from an indicator?

sometimes i find it helpful to use divergence but not always.
  • #14,116
  • Sep 8, 2010 5:56am Sep 8, 2010 5:56am
i actually never use divergence..
But i should.
I just use confluince.
But i am a little lisappointed with my results last few days.
I need to use confluince in confluince with divergence
I definetely need to become more selective with the trades i take.
  • #14,117
  • Sep 8, 2010 6:02am Sep 8, 2010 6:02am
Quoting longshot_nl
i actually never use divergence..
But i should.
I just use confluince.
But i am a little lisappointed with my results last few days.
I need to use confluince in confluince with divergence
I definetely need to become more selective with the trades i take.
i know what you mean. sometimes its really difficult to say if the level will hold or not even if it has historical significance.
  • #14,118
  • Sep 8, 2010 9:55am Sep 8, 2010 9:55am
heres one.
Only trade if arrow is hit with tight stop.
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  • #14,119
  • Sep 9, 2010 2:59am Sep 9, 2010 2:59am
Quoting Kominiara
went long at yours trendline, expect 1,2750-70 area, will think about SHORT in this area too

http://a.imageshack.us/img844/1755/eurusd08092010.jpg
LONG trade closed at 2750, +60 pips
I though about SHORT at this level, but i didnt do it.
cheers
  • #14,120
  • Sep 9, 2010 3:29am Sep 9, 2010 3:29am
Quoting longshot_nl
heres one.
Only trade if arrow is hit with tight stop.
i was waitinf for SHORT to, but the price didnt touch trendline or/and fibo. Too bad, price went down like we though.

http://a.imageshack.us/img261/3904/eurjpy09092010.jpg
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