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  • #295,081
  • Sep 22, 2010 11:29am Sep 22, 2010 11:29am
What is everyone's take if this third hourly candle can't close below the 1.3370 level which seems to have been a bouncing point since the first big hourly candle today.

It closed around that level... bounced along it for 3 hours... went up... has now spent 2 1/2 hours coming down not quite able to break through.

How long will it try before it goes back up and how far up would it go?

If it does close below are we going further down?
Today's zone = Tomorrow's opportunity!
  • #295,082
  • Sep 22, 2010 11:29am Sep 22, 2010 11:29am
Hi T,

no chance this is a bigger correction? i'd like that LOL



Quoting T@rantula
While I was driving home, PA has already hit 3390..Now if 3350 holds we may see 3465, but not today...this little correction was imminent, since EU has been oversold
dreams do come true.
  • #295,083
  • Sep 22, 2010 11:30am Sep 22, 2010 11:30am
bears lolz
  • #295,084
  • Sep 22, 2010 11:33am Sep 22, 2010 11:33am
Quoting swing 123
bears lolz
come on bulls
  • #295,085
  • Sep 22, 2010 11:33am Sep 22, 2010 11:33am
Quoting pres78
What is everyone's take if this third hourly candle can't close below the 1.3370 level which seems to have been a bouncing point since the first big hourly candle today.

It closed around that level... bounced along it for 3 hours... went up... has now spent 2 1/2 hours coming down not quite able to break through.

How long will it try before it goes back up and how far up would it go?

If it does close below are we going further down?

oil is also trying to cover a gap at 7353
  • #295,086
  • Edited 11:51am Sep 22, 2010 11:34am | Edited 11:51am
Quoting LarianVonLich
I'm interesting, how much time will be long? When will be finished?

Somebody asked yourself about it?
Well, i really dont know, how long we will be "long".

As far as my analysis tells me...( been saying this x number of times ) 35xx levels are needed for a further move north.

Intraday trading forex is not a one way train.We also trade retracements and corrections, so when I spot a bearish intraday PA, I will trade accordingly.

near-midterm we have been bullish as we are in positive reversal zone since august
  • #295,087
  • Sep 22, 2010 11:35am Sep 22, 2010 11:35am
Quoting swing 123
come on bulls

oh yeah...go for it, bull.
  • #295,088
  • Sep 22, 2010 11:36am Sep 22, 2010 11:36am
LarianVonLich it does not seem like its going to stop anytime soon. We may see pull back to 1.32 region in the next several days but this will only happen once we test 1.35 i would not try to short these or long at the momment there is going to be some volatility here b/c of FED's call on QE so unless u are interested in scalping it may work out but I dont scalp. Long distance targets possibly 1.365 region and if we close above that 1.4 is a possible target. These are long distance targets and any fundementals could change this.
  • #295,089
  • Sep 22, 2010 11:37am Sep 22, 2010 11:37am
Quoting swing 123
come on bulls
yeah, bulls, crash it!
  • #295,090
  • Sep 22, 2010 11:38am Sep 22, 2010 11:38am
Quoting T@rantula
Well, i really dont know, how long we will be "long".

As far as my analysis tell me...( been saying this x number of times ) 35xx levels are needed for a further move south.

Intraday trading forex is not a one way train.We also trade retracements and corrections, so when I spot a bearish intraday PA, I will trade accordingly.

near-midterm we have been bullish as we are in positive reversal zone since august
thanks for your answer.

maybe somebody have any ideas?
  • #295,091
  • Sep 22, 2010 11:39am Sep 22, 2010 11:39am
Quoting vinesh2
LarianVonLich it does not seem like its going to stop anytime soon. We may see pull back to 1.32 region in the next several days but this will only happen once we test 1.35 i would not try to short these or long at the momment there is going to be some v is a possible target. These are long distance targets and any fundementals could change this.
......agreed vinesh. If we get to 3509 I will short there. I'm not going to try to predict anything here, too many variables and I'm a trader. Analysts predict and traders trade
  • #295,092
  • Sep 22, 2010 11:40am Sep 22, 2010 11:40am
One of the best bears ever.....
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Look Sharp/Trade Tight
  • #295,093
  • Sep 22, 2010 11:41am Sep 22, 2010 11:41am
walla a higher low
  • #295,094
  • Sep 22, 2010 11:41am Sep 22, 2010 11:41am
I like to watch the 15m charts to trade and am in search of solid indicators if anyone has any advice.
I currently use bollinger bands at 14 periods with s standard deviation of 2 and the CCI at 14 periods.

for example when a candle closes on the bottom of the bollinger band and at the same time the CCI crosses the bottom indicator line moving up i then get into a buy trade.

i am still new and still have a very small account so my goal right now is to try and get 10 pips per trade or at the very least per day.

Any help would be greatly appreciated!
Rise and rise again until the Lambs become LIONS!!!
  • #295,095
  • Edited 11:58am Sep 22, 2010 11:43am | Edited 11:58am
Looking usdx , still down or bear continuation phase . next supports as seen in higher to 70.42 & 25 , may be soft, in m5 may 79.7o if try bull attempt with a small inverted hs .

sell set up perfection already happen in H4 tf while buy in h1 tf , both may wants it bull before further down .buy signal in M15 also .
H4 tf may have morning start bulish candle with end existing candle below 10 min time Y may eu continue down further .but as price below 200ma close weekly usdx ,may be limited if start soon but if taken up immediate supports then good up possible .hope later will take for good movements up .
so a good try bull may happen next .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx.gif Size: 14 KB
Click to Enlarge Name: dx1.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,096
  • Sep 22, 2010 11:46am Sep 22, 2010 11:46am
http://www.bloomberg.com/news/2010-0...r-of-2008.html

This might be giving the USD a little boost also... perhaps?
Today's zone = Tomorrow's opportunity!
  • #295,097
  • Sep 22, 2010 11:47am Sep 22, 2010 11:47am
Quoting vinesh2
LarianVonLich it does not seem like its going to stop anytime soon. We may see pull back to 1.32 region in the next several days but this will only happen once we test 1.35 i would not try to short these or long at the momment there is going to be some volatility here b/c of FED's call on QE so unless u are interested in scalping it may work out but I dont scalp. Long distance targets possibly 1.365 region and if we close above that 1.4 is a possible target....


weekly=monthly=current daily (if today close n confirm)...as we may seen min 600-800pips up from ~1.27 area....
i believe it almost there...100-200pips more is not impossible...

so 1.36-1.38 reach then i may consider to take my short if i can....
  • #295,098
  • Sep 22, 2010 11:48am Sep 22, 2010 11:48am
Quoting fontu
extreme up , though not taken all . but approaching one 5th wave end already or soon .
good fall last wave , over 75 % fib , any way bull become weak to react & price becoming more flat .
ist scenerio ,
if retracement then should be over & up again , but it was exaggerated but still ok . will close longs at lower level than previous top as if wave 5th ended . possible in counts i see then may back from there to further down as c wave .

2nd , may continue up as if nothing happened to bull towards 3500 50% fib again . so expecting around 3429 in...

I am expecting H4 wave 3 to end at 1.3500 area.... (wave 3 began @1.2640)

Then pull back wave 4 atleast .38% which will sit @ 1.3175

Then wave 5 rally should begin at 3175 and end at 1.3720.

This is my count .
PPP - Patience Pays PIPS
  • #295,099
  • Sep 22, 2010 11:55am Sep 22, 2010 11:55am
The USD shorting is overdone. Looks like a bounce is highly likely.
USD economy is doing better. Despite the weak consumer confidence, the unemployment claims seem to be getting better.

Tmr the unemployment claims will be released, if it is better than 470k, i think we should see a sharp USD bounce.
  • #295,100
  • Sep 22, 2010 11:57am Sep 22, 2010 11:57am
Quoting grashid


weekly=monthly=current daily (if today close n confirm)...as we may seen min 600-800pips up from ~1.27 area....
i believe it almost there...100-200pips more is not impossible...

so 1.36-1.38 reach then i may consider to take my short if i can....
agreed but lets retake 3505 first. July PA was a fail, we have had a positive reversal since..
I have learnt to be patient and I have my feet firmly on the ground

relax and enjoy it
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