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  • #292,041
  • Sep 14, 2010 11:17am Sep 14, 2010 11:17am
Quoting 7bit
and USDCHF broke through this line, I almost expected that. And I promise it will go lower much more now. Maybe some crazy short term moves now but this is not a fake-out, it will drop more, I'm absolutely sure.Attachment


good point !!!

GBP and CHF breaks confirm EURs long perspective....
Buy low , Sell high
  • #292,042
  • Sep 14, 2010 11:18am Sep 14, 2010 11:18am
Looking at this move afterwards, move was easily seen using indicators. Money was pumped into EUR before actual accumulation started. Then it just needed momentum.

Should come down during Asia for rebound, it will get exhausted.

1hr timeframe should cap acc/distr if not.....it will rocket up who knows where.
They think they are smarter than I am.
  • #292,043
  • Sep 14, 2010 11:20am Sep 14, 2010 11:20am
Quoting Z3iz3i
Looking at this move afterwards, move was easily seen using indicators. Money was pumped into EUR before actual accumulation started. Then it just needed momentum.

Should come down during Asia for rebound, it will get exhausted.

1hr timeframe should cap acc/distr if not.....it will rocket up who knows where.
How did you see the move in your indicators? Which one did you use?
And how?
  • #292,044
  • Sep 14, 2010 11:24am Sep 14, 2010 11:24am
Quoting Sunsi
How did you see the move in your indicators? Which one did you use?
And how?
Acc-distr/mfi/force index/obv

Those are all explained in investopedia.

Need to compare those indys to find out something peculiar and compare it to your charts, moving averages/stochastic etc
They think they are smarter than I am.
  • #292,045
  • Edited 11:36am Sep 14, 2010 11:25am | Edited 11:36am
Things doing so fast , hit sl & flat now.
lets see if eu break over 3051 & hold then one wave 5th to take it top 3326 & beyound at least 50% fibs 1.3505. old resistance at 3026 . otherwise all back with heavy strength possible big 3/3 down .usdx down towards weekly 200ma expected at weekend coming soon & so eu should continue up with the 5th wave and at the same time if usdx not in a 5th wave down but 2nd corrective wave of big 3/3 then 2nd scenerio possible for eu .

fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 11 KB
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #292,046
  • Sep 14, 2010 11:29am Sep 14, 2010 11:29am
Quoting Z3iz3i
Acc-distr/mfi/force index/obv

Those are all explained in investopedia.

Need to compare those indys to find out something peculiar and compare it to your charts, moving averages/stochastic etc
Okey. Thanks
Is it possible to find a mfi indicator to MT4? Or do you use a diffrent software?
  • #292,047
  • Sep 14, 2010 11:30am Sep 14, 2010 11:30am
Hi Guys,

See this weekly chart. I will short @3060 .

agree that?
Attached Image (click to enlarge)
Click to Enlarge Name: weekly_eu.png Size: 30 KB
  • #292,048
  • Sep 14, 2010 11:33am Sep 14, 2010 11:33am
Quoting Sunsi
Okey. Thanks
Is it possible to find a mfi indicator to MT4? Or do you use a diffrent software?
I think it is possible yep, you should ask some mt4 gurus here.
They think they are smarter than I am.
  • #292,049
  • Sep 14, 2010 11:35am Sep 14, 2010 11:35am
Quoting sisse
Wow thats an aggressive call. Do you understand the implication of Gold@ 1350???.

sisse
I expect Gold to touch 1350 within the next 3 months. lol its like deja vu last year I went long Gold during September at 970 and I made a call for 1200 and I heard the same thing. I hit my target in about 2 months. I guess we'll see what happens Sisse. But I'd love to hear the implications. Technically the set up looks with the breakout. Fundamentally I expect quantitative easing rumors to strengthen Gold as well if QE actually does occur it would vastly strengthen Gold. On the flip side Economic uncertainty and a falling stock market, that is if the stock market bounces off of resistance which we are pretty much at on the spx, spy, and dji, we would see an acceleration in the price of Gold. Also, if we see a bullish stock market, we may also see a resumption in commodity prices as well. Its a win win all the way around for Gold in the next few months. We have been in the channel on the stock market since Mid May
  • #292,050
  • Sep 14, 2010 11:36am Sep 14, 2010 11:36am
What are your thoughts on the pair now and the 1.3 level?
  • #292,051
  • Sep 14, 2010 11:38am Sep 14, 2010 11:38am
I am out!!! with 130 pips ..... !

it was a good day ....see ya tonight ..!!!
Buy low , Sell high
  • #292,052
  • Sep 14, 2010 11:44am Sep 14, 2010 11:44am
Quoting Maxsmart
I expect Gold to touch 1350 within the next 3 months. lol its like deja vu last year I went long Gold during September at 970 and I made a call for 1200 and I heard the same thing. I hit my target in about 2 months. I guess we'll see what happens Sisse. But I'd love to hear the implications
Nice , gold is up & near 1280( correct should be 1282.65) , one big barrier for further up.
my wife may be happy hearing this , I prevent her selling old gold at 1260. if it cross 1280 & hold then my target may even reach 1600/1700+ to any high.
a great crush in the currency & all economy then overdue by this time.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #292,053
  • Sep 14, 2010 11:44am Sep 14, 2010 11:44am
most are very bullish.
i am building up my shorts for the 2625 level.. first short at 3025. next short at 303*
i dont expect this rally to extend above 3050.
Mark ths post.
  • #292,054
  • Sep 14, 2010 11:44am Sep 14, 2010 11:44am
Selling from 200 SMA on daily 1.3030 , should get me 1.2930

what are your comments folks
  • #292,055
  • Edited 12:10pm Sep 14, 2010 11:48am | Edited 12:10pm
the euro sink....
  • #292,056
  • Sep 14, 2010 11:53am Sep 14, 2010 11:53am
Quoting hindustani
Selling from 200 SMA on daily 1.3030 , should get me 1.2930

what are your comments folks
SL @ 1.3030 riding her now
  • #292,057
  • Sep 14, 2010 11:53am Sep 14, 2010 11:53am
Quoting manojsai
most are very bullish.
i am building up my shorts for the 2625 level.. first short at 3025. next short at 303*
i dont expect this rally to extend above 3050.
Mark ths post.
Newbie question
Building up your shorts .... does that mean you are placing sell stops at these points???
Thanks
  • #292,058
  • Sep 14, 2010 11:54am Sep 14, 2010 11:54am
Quoting manojsai
now seems to be at the end of wave i which shall end at 3025 or 3032 and then correction to 2626.
sorry guys......i am again saying...short now.
  • #292,059
  • Sep 14, 2010 11:56am Sep 14, 2010 11:56am
Quoting dryclean
Newbie question
Building up your shorts .... does that mean you are placing sell stops at these points???
Thanks
shorts placed at this levels at market..
  • #292,060
  • Sep 14, 2010 11:58am Sep 14, 2010 11:58am
Hindsight is always 20/20. When looking at an enormous set of data and trying to extract a certain outcome from that data, people tend to focus only on what could have resulted in that outcome and ignore conflicting signals. I would always get angry when I missed big moves like this afterwords telling myself "it's right there in your charts." Well... it is right there in your charts, along with 10 other things telling you to take an opposite position. SM knows what tools we use whether it be a common indicator, VSA, EW, moving averages, TL etc. They know how we think and they know how to make this information work to their advantage (your disadvantage). Indicators if used correctly can give you a statistical advantage but I think if you step back and try to look at your decision process objectively as to why you did or did not make a particular trade after the fact, you'll find it wasn't as clear cut as it may have seemed.
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