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EURUSD

  • #305,361
  • Oct 12, 2010 9:13pm Oct 12, 2010 9:13pm
Newbie to trading here.

Is it a good time to short? Because all my indicators (RSI, MACD, Fast Stochastic) are saying it still will be rising. MACD has higher lows and is above the zero line. RSI Has broken the 70% line and Stochastic is above 80. All signs are pointing up.
Also it tried to break through the 23.6% resistance for about 5hrs.

Am I reading this wrong? Or is my analysis sound?
Attached Image (click to enlarge)
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  • #305,362
  • Oct 12, 2010 9:14pm Oct 12, 2010 9:14pm
Quoting tonyo524
The same guy that was just ripping people up last week for going short. Well hate to tell you buddy, but I believe that you missed the short train. The best stop was the area I showed you last week on my simple chart. Now on the other hand, The conductor is now accepting boarding passes for the ride north. And it looks like it may be an express right through my previous resistance from last chart. Have fun!
The EUR is simply not bearish right now... may be you want to try shorting against the box strategy. it works sometimes
  • #305,363
  • Oct 12, 2010 9:14pm Oct 12, 2010 9:14pm
@infinitus

thank you sir for the explains

Cheers!
400 pips remaining.
  • #305,364
  • Oct 12, 2010 9:16pm Oct 12, 2010 9:16pm
Quoting Mr Hatch
i need to get rid of this, soon. http://forum.worldofplayers.de/forum...lies/s_032.gif
My strategy to all is to take profits whenever you can.If YOU FEEL that you have some substantial profits lock them in. That is a lesson learned.

Were you short on the eur Mr Hatch
  • #305,365
  • Oct 12, 2010 9:18pm Oct 12, 2010 9:18pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 79 KB
  • #305,366
  • Oct 12, 2010 9:24pm Oct 12, 2010 9:24pm
I'm still not confident to short the E/U for a big swing down until I see GOLD stop flying. I said it few days ago and I still believe that.
  • #305,367
  • Oct 12, 2010 9:31pm Oct 12, 2010 9:31pm
ill better wait until battle ends, cuz the train is danGerous riGht now, then ill Got back in.

I learned the same lesson about profit today.

Take profit , Take profit, Take profit, y had 70 pips, and they just Got blow away
  • #305,368
  • Oct 12, 2010 9:31pm Oct 12, 2010 9:31pm
Quoting Mr Hatch
i need to get rid of this, soon. http://forum.worldofplayers.de/forum...lies/s_032.gif

btw: the statistics of murray math turning points when pa moved a certain amount of levels has just been tricked by current pa.
assuming the majority of traders has p=64, pa just rests until the levels redraw. just happened on m15. it crossed +2 and right now we're at the pivot between +1 and +2. market is completely fucked up.

Yes, and its been fucked for a while. Stocks, gold and currencies are extremely streched and still go without decent corrections and superhigh bull sentiments, while my rsi and macd is bearish, and now this QE shit, it's like injecting more and more silicon into Pamela A's boobs and traders are buying it... When bearish retail traders has lost enough confidence and capital, a huge and brutal downturn will come. Bet on it.


and btw. london can push eu way above 1.4 without breaking the tl. Makes it a little tricky, but I still have 1.4035 in the back of my head.
  • #305,369
  • Oct 12, 2010 9:39pm Oct 12, 2010 9:39pm
Gold less than 10 bucks away from all time high
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #305,370
  • Oct 12, 2010 9:40pm Oct 12, 2010 9:40pm
1358 now
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #305,371
  • Oct 12, 2010 10:11pm Oct 12, 2010 10:11pm
Quoting nawafasad1
yes you r right and there is levels to show us that our count is invalid which in a way its our s loss . good luck to you my friend on whatever count you have . i m in shorting it now target 1.3850 area and i ll watch what will happen there .
What count do you trade now?
  • #305,372
  • Oct 12, 2010 10:13pm Oct 12, 2010 10:13pm
Quoting The Fool
QE2 is back on and the ECB is talking hawkish so E/U would look north now
you must remember this:
a kiss is just a kiss
a sigh is just a sigh

the fundamental things apply
as time goes by...

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #305,373
  • Oct 12, 2010 10:14pm Oct 12, 2010 10:14pm
It just keeps on going ... doesn't it? hah.
  • #305,374
  • Oct 12, 2010 10:14pm Oct 12, 2010 10:14pm
Quoting Leche Mocha
I'm still not confident to short the E/U for a big swing down until I see GOLD stop flying. I said it few days ago and I still believe that.
Smartest thing that's been said in a while.
Not all sins are created equal
  • #305,375
  • Oct 12, 2010 10:14pm Oct 12, 2010 10:14pm
Quoting infinitus
What count do you trade now?
you mean short time frame 5 min or more
  • #305,376
  • Oct 12, 2010 10:22pm Oct 12, 2010 10:22pm
i'm not touching this beast until we get some down movement... all my indicators are maxed... heh.
  • #305,377
  • Oct 12, 2010 10:26pm Oct 12, 2010 10:26pm
Quoting DMA Trader
do you still believe in short since yesterday or you switch to longs ?
Hi DMA,

I think, that the best chance now has a bullish scenario (I do not like it, you now).

We are in wave 4 of the uptrend with a triangel count.

In this triangel count we eventually are about to finish Wave D, then down to wave E target around 1.3733

On the picture, which can be seen on my blog, it seems, that we get a down-sloping triangel. That is a little bit curious and I do not know if such a thing is guideline conform. But maybe wave D goes a bit longer as on my picture.

After that we get a wave 5.

In stock markets a terminating wave five with a preceding triangel is often very short (sometimes it reaches only the widest part of the triangle.

In commodities, the same wave 5 is often exceptional long.

And some people say, that currency's are more like commodities.

Visit my blog for more text and pictures......
  • #305,378
  • Oct 12, 2010 10:27pm Oct 12, 2010 10:27pm
Quoting nawafasad1
you mean short time frame 5 min or more
I mean the general count
  • #305,379
  • Oct 12, 2010 10:28pm Oct 12, 2010 10:28pm
Quoting The Fool
you must remember this:
a kiss is just a kiss
a sigh is just a sigh

the fundamental things apply
as time goes by...

http://www.youtube.com/watch?v=7vThuwa5RZU
LOL Good one.....
  • #305,380
  • Oct 12, 2010 10:35pm Oct 12, 2010 10:35pm
this is eu
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