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  • #308,841
  • Oct 18, 2010 12:16pm Oct 18, 2010 12:16pm
Quoting roxen99
bears have started showing up signs of weakness.price may see 1.3950 level before visiting 1.3800 level.we have already seen a fall of more than 300 pips without significant pull back.i would not be amazed at price closing between 1.3950-14000 today.i knw my pridiction is against most of the traders here bt this is wot my study tells me.gud luck boys
My prediction about 8 hours ago when price was around 1.3860. when most of the experienced traders on this thread were going short i made a brave move by going long.i got success not because of my analysis but because i trusted myself unlike many others who follow others inspite of having trust in themselves.gudnyt from Pakistan.c ya tomorrow

regards,
aadil
OPPORTUNITY LIES WHERE THE MAJORITY IS AFRAID TO GO....
  • #308,842
  • Oct 18, 2010 12:17pm Oct 18, 2010 12:17pm
Quoting jack.canadia
did you see last week's weekly bar .. along with the USD index forming a pin on a trendline .. 1.40 is a big psych level, i'll be surprised if it goes beyond 1.41
Last weeks bar shows nothing but indecision over how much QE we will get and whether fibre has gone too far. If we close this week above the body of last week and maybe get a higher high, we OFF!
@pawpaw1000 on Twitter
  • #308,843
  • Oct 18, 2010 12:17pm Oct 18, 2010 12:17pm
Quoting jack.canadia
did you see last week's weekly bar .. along with the USD index forming a pin on a trendline .. 1.40 is a big psych level, i'll be surprised if it goes beyond 1.41
We should simply get used to it, say it repeatedly: 1.44, 1.44, 1.44...
You got to know when to hold 'em, know when to fold'em
  • #308,844
  • Oct 18, 2010 12:18pm Oct 18, 2010 12:18pm
news .... good reading and good short

http://www.cnbc.com/id/39686897?__so...t%7C&par=yahoo
There is only one right price.... what the customer is willing to pay !
  • #308,845
  • Oct 18, 2010 12:18pm Oct 18, 2010 12:18pm
fib may hold...
  • #308,846
  • Oct 18, 2010 12:18pm Oct 18, 2010 12:18pm
Quoting DMA Trader
not me
Nothing doing at 1.40 .. dealers have rested and want to trap bear stops. That is how it works.

Tomorrow we re-test 1.41.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #308,847
  • Oct 18, 2010 12:20pm Oct 18, 2010 12:20pm
if it rejects a third, may short from here...
  • #308,848
  • Oct 18, 2010 12:20pm Oct 18, 2010 12:20pm
Quoting pawpaw1000
High guys...

I'm thinking of quitting the Cable and trading just fibre... It respects s/r soo much better and has alot less spikes (to kill ur s/l).

What do you guys think? All in the mind or real facts?
Cable might have a wider range, but I find it more predictable than Euro, Euro is too much affected by politics and what politicians say and more importantly how these 'analysts' at banks interpret them.. Cable is more about trading ranges and trend.. I would look to find a good place to short cable tomorrow.. but it can all change .. for Cable last week's open is a good resistance, for Euro last week's high is a good resistance.. we might have broken 4H trend on Euro .. we will see this week.
  • #308,849
  • Oct 18, 2010 12:24pm Oct 18, 2010 12:24pm
Quoting pawpaw1000
Last weeks bar shows nothing but indecision over how much QE we will get and whether fibre has gone too far. If we close this week above the body of last week and maybe get a higher high, we OFF!
i don't know .. i think a pullback off 1.40 before shooting higher

just using 1.40 as a psych leve, last weeks weekly bar and the daily MACD with divergence and a cross down AND the usdx weekly bar/trendline .. it's a good technical scenario imo
  • #308,850
  • Oct 18, 2010 12:28pm Oct 18, 2010 12:28pm
Quoting jack.canadia
i don't know .. i think a pullback off 1.40 before shooting higher

just using 1.40 as a psych leve, last weeks weekly bar and the daily MACD with divergence and a cross down
jip, just closed my long for 115 pips.

might get in again at 3950 if I'm still awake... if we going to test 1.40 again then 1.35 must surely hold...

looking to put pending buy at 3952 and s/l at 3926... t/p 1.40 and if we break 1.41...
@pawpaw1000 on Twitter
  • #308,851
  • Oct 18, 2010 12:32pm Oct 18, 2010 12:32pm
Quoting Rich80
news .... good reading and good short

http://www.cnbc.com/id/39686897?__so...t%7C&par=yahoo
That should happen if the market would be logical... but it seldom is.
  • #308,852
  • Oct 18, 2010 12:32pm Oct 18, 2010 12:32pm
Daily S1 at 1.3981 finally got it's first test to hold as support on the 15min. Which one will give 1.3981 S1 or 1.3994 50% fib of the Friday high to today's low?
Today's zone = Tomorrow's opportunity!
  • #308,853
  • Oct 18, 2010 12:39pm Oct 18, 2010 12:39pm
Got pending buy at 1.3910, s/l 1.3875 and t/p 1.4100...

let's see what tokyo brings?
@pawpaw1000 on Twitter
  • #308,854
  • Oct 18, 2010 12:50pm Oct 18, 2010 12:50pm
http://www.bbc.co.uk/news/world-europe-11567457

this is serious....read and watch it.
  • #308,855
  • Edited 1:10pm Oct 18, 2010 12:50pm | Edited 1:10pm
still 15 min close h1 candle for any bull action whatever small it be n usdx & I see by this time eu still there , not abled to break 50% fib level , then may difficult break above 1.4000.
Anyway not see any great decision as to whether go up & down come today perhaps , next daily candle may do so,

lets see
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #308,856
  • Oct 18, 2010 12:53pm Oct 18, 2010 12:53pm
Quoting Popee83
My MB trading and Alpari are showing a hammer, no green as of yet. esignal guys should have a green daily I suppose.
Rrrrrright !

Green or not ... here it is a green one for example ... as this shows the correct 'Rollover Value Date' ...

But overall ... what counts ... it is a well and nice formed out pattern here ...

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

2010-10-18_19h37_ EURUSD _ daily _ (all ind).PNG (30.5 KB)

All further development depends on closing data IMM now ... then we will get a bit more clear hints of how the market wants to move during the course of the next trading day ...

Technically many things point to further dollar weakness ... question of time that QE themes will enlighten / work out again as well ...


;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-18_19h37_ EURUSD _ daily _ (all ind).PNG Size: 31 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #308,857
  • Oct 18, 2010 1:03pm Oct 18, 2010 1:03pm
Bullflag on the 15m?
Today's zone = Tomorrow's opportunity!
  • #308,858
  • Oct 18, 2010 1:19pm Oct 18, 2010 1:19pm
Quoting pres78
Bullflag on the 15m?
No bullflags i can see

Likely downward consolidation before Asia breaks top (unless NY stocks really take off last hour)
Reversal around 1.3950 +/- 10
They think they are smarter than I am.
  • #308,859
  • Oct 18, 2010 1:20pm Oct 18, 2010 1:20pm
Maybe someone has already posted this but there is possible head and shoulders forming.

It's a reversal pattern, so possible sideways between 1.3830-1.40 before tanking towards 1.3333

Attached Image (click to enlarge)
Click to Enlarge Name: H&S.GIF Size: 37 KB
Mind over matter..I don't mind and you don't matter.
  • #308,860
  • Oct 18, 2010 1:20pm Oct 18, 2010 1:20pm
AAPL gives earnings tonight. we know what AAPL is going to do
Goldman Sachs tomorrow. another beat

I would be carefull with shorts unless we get some big spike.

Also again
every time we are near 1.4 here comes our buddy Lockhart to help the bulls


* DJ Fed's Lockhart:QE2 Must Be 'Reasonably Large'
Rule No.1: Never lose money. Rule No.2: Market is always right !
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