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  • #304,241
  • Oct 11, 2010 11:41am Oct 11, 2010 11:41am
Quoting T@rantula
According to my charts, this week can push EUR up above 4100

4100 is probably going to be very heavily protected level
  • #304,242
  • Oct 11, 2010 11:41am Oct 11, 2010 11:41am
Quoting DMA Trader
minimum of 200 pips.
minimum 200 max 380 pips
  • #304,243
  • Oct 11, 2010 11:42am Oct 11, 2010 11:42am
Quoting SkyzerFX
Big boys lowering price down. Same procedure before NFP news or

FOMC, tomorrow Dollar going to get killed again

Looking for break of current high.
1.43 before November

achievable.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #304,244
  • Oct 11, 2010 11:42am Oct 11, 2010 11:42am
Quoting mck6206
Do you mean an upswing?
The previous swing distance is added to the tip of the last retracement thats how u measure swing potential projection
  • #304,245
  • Oct 11, 2010 11:42am Oct 11, 2010 11:42am
gu longer term target bull side ..1.7102... bear side 1.4161 and r 1.0191.
currently at 1.5880 line in sand just above 1.6 area
those who can, do. those who cant, talk about those who can
  • #304,246
  • Oct 11, 2010 11:42am Oct 11, 2010 11:42am
I think the safest level to get back in long is with a close back above 1.3955 as this level corresponds with the daily H/L 61.8 fib, previous Week H/L 80.9 fib and recent swing high / low 61.8 fib. It is also above the daily pivot level.

May also consider getting back in if we close back above the daily pivot, recent swing H/L 50% fib and daily H/L 50% fib levels at 1.3930-1.3950.

Have to keep a close watch on the PA as see what Asia and London Sessions produce before the FOMC statement.
Today's zone = Tomorrow's opportunity!
  • #304,247
  • Oct 11, 2010 11:43am Oct 11, 2010 11:43am
Quoting DMA Trader
1.43 before November

achievable.
agree
  • #304,248
  • Oct 11, 2010 11:43am Oct 11, 2010 11:43am
Hmm seems some people here that though the ECB would use media and propaganda to keep the euro in check were right. Just when monsieur Juncker was saying he doesn't like euro above 1.40, this piece of news is released just so conveniently:
http://www.forexlive.com/138412/all/...ing-euimf-debt
  • #304,249
  • Oct 11, 2010 11:45am Oct 11, 2010 11:45am
Quoting DMA Trader
1.43 before November

achievable.
Quoting T@rantula
agree
Can i ask, Depends on what u have this view? And depends on what u know The Time?
Unless you both composer I call it The Rhythm of the market
  • #304,250
  • Oct 11, 2010 11:46am Oct 11, 2010 11:46am
Quoting T@rantula
agree
I say even 1.45 is achievable looking at the weekly chart, but anything can happen. We have a few supply levels to get through before we hit 1.45!

Although QE2 has been priced in, if it is sizable enough, it could be enough to eat through the supply levels.
  • #304,251
  • Oct 11, 2010 11:46am Oct 11, 2010 11:46am
Quoting T@rantula
The previous swing distance is added to the tip of the last retracement thats how u measure swing potential projection

So up to the 1.4100 - 1.4260 levels if I understand you correctly
  • #304,252
  • Oct 11, 2010 11:48am Oct 11, 2010 11:48am
There must be something wrong with the way I think; I'm such a shit trader

I'd hung on to those 2 longs in EU all day, (with another in AUD/USD) till that last bear surge and closed all 3 out thinking I just couldn't let the losses grow any bigger. Finally putting on a short in AUD/USD (why not!!) so naturally the direction immediately changed.

Why can't I see where the trend is going? It's been going down all day, and really doesn't look that different now. How am I ever going to get the hang of this before it's too late??
  • #304,253
  • Oct 11, 2010 11:48am Oct 11, 2010 11:48am
I'm not sure my eye is trained enough, but H4 seems full of divergences. CCI, RSI, Momemtum, OBV : I found obvious divergences on all of them ... some are still to be confirmed after current H4 bar close.

If this is the case, today's bearish PA could stall or revert soon.
Don't just be a sheep : make your own idea of it.
  • #304,254
  • Oct 11, 2010 11:49am Oct 11, 2010 11:49am
Quoting Masrim
Hmm seems some people here that though the ECB would use media and propaganda to keep the euro in check were right. Just when monsieur Juncker was saying he doesn't like euro above 1.40, this piece of news is released just so conveniently:
http://www.forexlive.com/138412/all/...ing-euimf-debt
almost convenient as the fed release.
those who can, do. those who cant, talk about those who can
  • #304,255
  • Oct 11, 2010 11:50am Oct 11, 2010 11:50am
Price falling to 3860 likely get the kick , ok but want see present H1 candle may close below 3872 or not to see more retracement or down to continue next , 15 min less left time .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #304,256
  • Oct 11, 2010 11:53am Oct 11, 2010 11:53am
Quoting Lorna
There must be something wrong with the way I think; I'm such a shit trader

I'd hung on to those 2 longs in EU all day, (with another in AUD/USD) till that last bear surge and closed all 3 out thinking I just couldn't let the losses grow any bigger....
wider stops. less leverage.. = more profit.. and more sleep.
those who can, do. those who cant, talk about those who can
  • #304,257
  • Oct 11, 2010 11:54am Oct 11, 2010 11:54am
Quoting Lorna
There must be something wrong with the way I think; I'm such a shit trader

I'd hung on to those 2 longs in EU all day, (with another in AUD/USD) till that last bear surge and closed all 3 out thinking I just couldn't let the losses grow any bigger....
The most important lesson for free
Inserted Video
  • #304,258
  • Oct 11, 2010 11:57am Oct 11, 2010 11:57am
Quoting egkid
Can i ask, Depends on what u have this view? And depends on what u know The Time?
Unless you both composer I call it The Rhythm of the market
You may ask ofcourse. Its H4. besides intraday I do swing trading. Its all written in the charts. take a look. When many of u laughed when I were long I have been collecting pips silently except I made intraday calls here.

Take a look at my swing trade projections. No need to thank me

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  • #304,259
  • Oct 11, 2010 11:59am Oct 11, 2010 11:59am
Quoting pres78
I think the safest level to get back in long is with a close back above 1.3955 as this level corresponds with the daily H/L 61.8 fib, previous Week H/L 80.9 fib and recent swing high / low 61.8 fib. It is also above the daily pivot level.

May also consider getting back in if we close back above the daily pivot, recent swing H/L 50% fib and daily H/L 50% fib levels at 1.3930-1.3950.

Have to keep a close watch on the PA as see what Asia and London Sessions produce before the FOMC statement.
it is not the FOMC statement. it is the FOMC minutes. a non event in my view.
only some spikes. most of the FED gov. go for Q.E while Hoening says raise interest rates. yada yada.

2c
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #304,260
  • Oct 11, 2010 12:00pm Oct 11, 2010 12:00pm
Quoting T@rantula
No need to thank me
What if we still want to ?

You .
Don't just be a sheep : make your own idea of it.
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