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  • #306,581
  • Oct 14, 2010 6:36am Oct 14, 2010 6:36am
I think we will see price sit between 4045 and 4090 levels until the news release which could provide the push needed to break and hold above 1.41 and back down below 1.4. Does anyone believe that any good US data could cause some more profit taking from 1.41 levels back down towards the 1.39 area?
Today's zone = Tomorrow's opportunity!
  • #306,582
  • Oct 14, 2010 6:37am Oct 14, 2010 6:37am
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/pdf.gif

2010-10-13_08h13_European Forex Technicals - EURUSD To Test 1.4030 High.pdf (13.2 KB)


As you can see ... it will go up !

No reason to gaze and to stare at screens and no reason for endless debates about micro counts ...

Try to get an overall stance ... look at correlations etcetera ... and learn to wait until your favoured levels come into play ......

http://cdn.forexfactory.com/images/attach/pdf.gif

2010-10-14_European Forex Technicals - AUDUSD To Reach 1.0000.pdf (9.0 KB)



European Forex Technicals: AUD/USD Strength To Reach 1.0000

14 Oct 2010, 08:11

By Francis Bray
A DOW JONES NEWSWIRES COLUMN



Intraday EUR/USD: the push into fresh eight-month highs is set to extend above 1.4095, following Thursday's push into fresh eight-month highs. A wave equality target lies at 1.4139, but given the dominance of the uptrend, there is scope for strength to the 1.4195 lower high from late January. The 1.3995 area will look to limit corrective weakness and only below 1.3995 would concern bulls.

Weekly chart EUR/USD trend: Bullish.



;-)
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File Type: pdf 2010-10-14_European Forex Technicals - AUDUSD To Reach 1.0000.pdf   9 KB | 315 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #306,583
  • Oct 14, 2010 6:38am Oct 14, 2010 6:38am
Quoting kuroro001
Looking for it indeed
now we ll see the selling pressure against 1.4090 sell it loooots of money
  • #306,584
  • Oct 14, 2010 6:39am Oct 14, 2010 6:39am
i wonder how tough that area is to beat it down.
Attached Image
  • #306,585
  • Oct 14, 2010 6:40am Oct 14, 2010 6:40am
CHAPEL HILL, N.C. (Dow Jones)--Richmond Federal Reserve Bank President Jeffrey Lacker Wednesday said the country's 12-month inflation rate is "now on target," and cautioned that tilting central bank policy toward expanding employment could ultimately fuel disastrous price instability.


CHAPEL HILL, N.C. (Dow Jones)--Richmond Federal Reserve Bank President Jeffrey Lacker Wednesday said he would hesitate before boosting the money supply because it's not clear such a policy would lift the economy out of the doldrums.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #306,586
  • Oct 14, 2010 6:41am Oct 14, 2010 6:41am
Quoting Driver55
Good afternoon all !!!
Afternoon Driver and all too
  • #306,587
  • Oct 14, 2010 6:41am Oct 14, 2010 6:41am
Quoting nawafasad1
now we ll see the selling pressure against 1.4090 sell it loooots of money
why ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #306,588
  • Oct 14, 2010 6:45am Oct 14, 2010 6:45am
Long at 4093 sl 4060, tp 4123
Look Sharp/Trade Tight
  • #306,589
  • Oct 14, 2010 6:45am Oct 14, 2010 6:45am
Quoting DMA Trader
why ?

I dont see this as well....
  • #306,590
  • Oct 14, 2010 6:49am Oct 14, 2010 6:49am
"Above is a corrected version of my prior count. Had to relabel some waves, because one of the threes was the shortest in its wave.

Now, I think, it fits (I hope at least).

What came to mind whilst recounting was, that there might be several possibilities to count the waves between orange 2 and orange 3.

I think, at this point it is not more that important. We now have 4 big waves which channel very well.


This morning I saw a count, that places the red 3 on the place of my red 5. My orange 4 would be only red 4.
My orange 5 would be red 5 and orange 3.

The implication would be, that we would have one more up/down sequence to go with targets above 1.44

I think, that this move is not very likely (but I have been wrong before). My main issue with this count is, that we would get a somewhat strange base channel.........


........more on blog incl. picture
  • #306,591
  • Oct 14, 2010 6:53am Oct 14, 2010 6:53am
Quoting DMA Trader
why ?
that was a bad call
  • #306,592
  • Oct 14, 2010 6:58am Oct 14, 2010 6:58am
This is what i think where possible top could be. I don't think PA gonna pass through this blue zone without retracement of this up move. There is a monthly 23.6 fibo on 1.4200, i'm planning to short there.

Attached Image (click to enlarge)
Click to Enlarge Name: top.png Size: 39 KB
  • #306,593
  • Oct 14, 2010 6:59am Oct 14, 2010 6:59am
Bull setup upside before news, target daily high and 1.42

I will buy dips.
They think they are smarter than I am.
  • #306,594
  • Edited 7:15am Oct 14, 2010 6:59am | Edited 7:15am
For short term trader :

Eyes on EURUSD
they have drawn a breakout pattern
balancepoint 14067

as always:
above --> long
below --> short

PS: On the short term the first problems are between 4101-4110
The best thing that can happen to you is to find out where you're wrong.
  • #306,595
  • Oct 14, 2010 7:00am Oct 14, 2010 7:00am
Quoting DMA Trader
why ?
i was looking for wave 3 of 3
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 21 KB
  • #306,596
  • Oct 14, 2010 7:10am Oct 14, 2010 7:10am
Quoting fx111
This is what i think where possible top could be. I don't think PA gonna pass through this blue zone without retracement of this up move. There is a monthly 23.6 fibo on 1.4200, i'm planning to short there.

Attachment
Why not buy dips and figure it out when it gets there?

Blue zone would do just fine for my longs
Mind over matter..I don't mind and you don't matter.
  • #306,597
  • Oct 14, 2010 7:12am Oct 14, 2010 7:12am
I don't like this low vol bounce from its session low.
Not confident with longs at the moment.
better wait for the news
COT: The precious data ignored
  • #306,598
  • Oct 14, 2010 7:12am Oct 14, 2010 7:12am
Quoting fx111
This is what i think where possible top could be. I don't think PA gonna pass through this blue zone without retracement of this up move. There is a monthly 23.6 fibo on 1.4200, i'm planning to short there.

Attachment
Agreed.. I'm a (fat) seller in 1.42-1.4280 zone with SL around 1.4340/50 for this objective (on your graph).
  • #306,599
  • Oct 14, 2010 7:13am Oct 14, 2010 7:13am
Quoting PayTheLimit
Long at 4093 sl 4060, tp 4123
4082 sl, 4113 tp..
Look Sharp/Trade Tight
  • #306,600
  • Oct 14, 2010 7:16am Oct 14, 2010 7:16am
out till after news see what that does.
give it 5-10 minutes and reasses .
making green pips large and red pips small this is my goal.
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