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  • #301,261
  • Oct 5, 2010 7:15pm Oct 5, 2010 7:15pm
A couple charts that I'm sure will be of little interest on this thread because they are both too large of time frames and too simplistic:

Firstly, a weekly chart of EUR/USD. I've drawn a down-trend channel with a fib expansion from the low from Feb. 2009 to high in Sept. 2009 to low in May 2010. A 100% expansion would put us somewhere right around 1.4600 Then we would see if the channel holds or not:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd weekly.gif Size: 52 KB


Next, the daily view of the same chart but with a more relevant (perhaps) fib expansion. Taking the June 6th low, August 6th high, and August 24th low we would have a full 100% expansion at about 1.4058 Since we've broken the 61.8% expansion that would be the next logical target:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily.gif Size: 47 KB


Take it for what you will... I'm sure most of you will just keep on shorting
check out my blog: forexmademillionaire dot com
  • #301,262
  • Oct 5, 2010 7:16pm Oct 5, 2010 7:16pm
Quoting EuroTrader
Big Rumour? I want to buy some USD/JPY
they last intervine 82.90 area pretty damn close
  • #301,263
  • Oct 5, 2010 7:17pm Oct 5, 2010 7:17pm
Quoting bbakker
???? We haven't even broken the lows yet! My SL is 0.9623. If it is going to break, I want to make sure it is a decent one. Let's see what happens.

Me thinks you jumped the gun too early, but to be honest... it ain't looking pretty... lol

I can see with half an eye that UC will reverse up quite a lot, maybe starting today.
  • #301,264
  • Oct 5, 2010 7:22pm Oct 5, 2010 7:22pm
Quoting gatorinla
the line i had it touching makes me think its correction time.. soon
I normally trade positions reversing from a +1/8 line best, but on the other hand, Gold ran 8 MMTL without significant rebound.

On weekly it is at 7/8 line, monthly, too and on daily at 6/8.

I would say 1359.3 or 1375.0 should mark a top.
  • #301,265
  • Oct 5, 2010 7:24pm Oct 5, 2010 7:24pm
Quoting EuroTrader
Big Rumour? I want to buy some USD/JPY
eur/jpy and aud/jpy will go balistic with intervention as aud and eur so strong at the moment
  • #301,266
  • Oct 5, 2010 7:24pm Oct 5, 2010 7:24pm
I now come to the conclusion, that the c-wave of wave yellow 4 will 1st retrace likely to 1.3672, then short rebound with a final leg down to 1.3550.

For pics, visit my blog (if needed).
  • #301,267
  • Oct 5, 2010 7:25pm Oct 5, 2010 7:25pm
  • #301,268
  • Oct 5, 2010 7:26pm Oct 5, 2010 7:26pm
  • #301,269
  • Oct 5, 2010 7:28pm Oct 5, 2010 7:28pm
Hi everebody
I am new on the forex and if somebody can say me what I need to do
for to know how to calculate what do you guys do here
I open live account and I did lot of mustakes
So, know I loss some money
Thanks
  • #301,270
  • Oct 5, 2010 7:29pm Oct 5, 2010 7:29pm
Quoting FibbinArchie
you pray for what?
  • #301,271
  • Oct 5, 2010 7:29pm Oct 5, 2010 7:29pm
Quoting enterfx
I can see with half an eye that UC will reverse up quite a lot, maybe starting today.
maybe your right. my target is 9639/43.. we were at 9344 already
those who can, do. those who cant, talk about those who can
  • #301,272
  • Oct 5, 2010 7:30pm Oct 5, 2010 7:30pm
Hi all, first I thought I'm late for the party then I consider my feelings as a contrary indicator and I overcomed my fear of altitude. Now I'm long from 1.3633
As long as you have a stop-loss point getting long in strong uptrends is the right thing to do and its still not late I think. Take a long-only medicine in uptrends and never try to discover tops
You got to know when to hold 'em, know when to fold'em
  • #301,273
  • Oct 5, 2010 7:32pm Oct 5, 2010 7:32pm
Buy volume is all dried up on the hourly.Its going to change hands at the top of the hour.
  • #301,274
  • Oct 5, 2010 7:34pm Oct 5, 2010 7:34pm
Quoting Forexfsa
Rumour intervention imminent Boj

usd/jpy nearly under 83.00
If you see them dropping tons of USD to the pacific ocean from the plane, yeah that mean they are intervening and buying USD. I am looking at the sky
  • #301,275
  • Oct 5, 2010 7:35pm Oct 5, 2010 7:35pm
Anyone know SNB's latest stance on intervention?
  • #301,276
  • Oct 5, 2010 7:38pm Oct 5, 2010 7:38pm
Quoting infinitus
I normally trade positions reversing from a +1/8 line best, but on the other hand, Gold ran 8 MMTL without significant rebound.

On weekly it is at 7/8 line, monthly, too and on daily at 6/8.

I would say 1359.3 or 1375.0 should mark a top.
usdx... hit target.. so i do expect bounce with a usd flex..st at least
Attached Image
those who can, do. those who cant, talk about those who can
  • #301,277
  • Oct 5, 2010 7:42pm Oct 5, 2010 7:42pm
I don't think rumors of intervention scare anyone anymore. They better put their money where their mouth is and atleast stop the fall for more than a few hours/days. Intermittent pops aren't going to change the trend of the Yen and Franc.
  • #301,278
  • Oct 5, 2010 7:42pm Oct 5, 2010 7:42pm
Quoting FibbinArchie
Anyone know SNB's latest stance on intervention?
They dont have one anymore..
I hate fondues so i dont mind
  • #301,279
  • Oct 5, 2010 7:45pm Oct 5, 2010 7:45pm
!.4600 on the E/U? I would be cool with that, Geppy.
Quoting Geppy
A couple charts that I'm sure will be of little interest on this thread because they are both too large of time frames and too simplistic:

Firstly, a weekly chart of EUR/USD....
  • #301,280
  • Oct 5, 2010 7:47pm Oct 5, 2010 7:47pm
Quoting Leche Mocha
I don't think rumors of intervention scare anyone anymore. They better put their money where their mouth is and atleast stop the fall for more than a few hours/days. Intermittent pops aren't going to change the trend of the Yen and Franc.
I'm only bothered about my short term UC long... Reversing the trend for about half an hour would be cool, especially if they can take it up to the top of the channel, same goes for UJ...
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