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EURUSD

  • #310,721
  • Oct 20, 2010 10:53am Oct 20, 2010 10:53am
within 1 hour.

Gator,

we are inside this whole move (1.415 - 1.37) mofu, right (1.397 - 1.388)? we just failed the break up.

target at 1.372 if again below 1.388?

using another tool i will be curious to see reaction at 1.3920ish as this is where i have a big TL. depending on pa there i might leave my short running to at least 1.388.

yet another tool tells me that we could go as high as 1.4050...

PS just noticed that 1.3926 is the middle of the mofu!

hapipipin
dreams do come true.
  • #310,722
  • Oct 20, 2010 10:55am Oct 20, 2010 10:55am
Quoting bobrubin
do ya mean 1.3725?
Yeah, axactly, tks for pointing that out, I corrected it
  • #310,723
  • Oct 20, 2010 11:00am Oct 20, 2010 11:00am
Quoting gatorinla
no clear picture either direction in that chart... will the line hold today? or will those tweezers close out the day and head north?

will we engulf or drop.
Gator remember why we broke above 1.4 remember the BB speech after that we drop strainght down.

Now for bear case 1.4 is resistance also H&S on higher TF.

So every bear was killed when we cross 1.4 to 1.416.

Second My take yesterday was just to take all stops. remember the post with 1.377 stops taken than close above 1.38 to rally. that's what happen.

Bear Case 1.4 needs to hold as resitance.

Also Beige Book and China Data coming in a few hours. Who has any guts to stay long USD for that data.

Data from China has to be really good (imho). why would they raise rates if tonight data would be bad
we are pricing the data in.

So based on that tomorrow we either go from 1.4 up so trend again up.
Or we failed again at 1.4 to go down.

You know how they do it. Every weak player out there bull or bear is out.
over leveraged players.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #310,724
  • Oct 20, 2010 11:02am Oct 20, 2010 11:02am
Quoting Merry
Of Course Sinking !

for 200 pips or a little more !


  • #310,725
  • Oct 20, 2010 11:08am Oct 20, 2010 11:08am
possible buy set up here...3973/75 resistance,
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 21 KB
Look Sharp/Trade Tight
  • #310,726
  • Oct 20, 2010 11:14am Oct 20, 2010 11:14am
Quoting mercy seat
Unwinded larger part of previous entrys BE short positions with small profit at 1.396150 ...

1.396150 out and cashed a little ... nobody died from taking a little profit at first ... just to adjust total BE a little bit towards the funny sunny side of strategy ...

Total BE now at 1.398539 ... in the green dolphin street ...
What do we see here ... ? Hmm ... it is always good to be on the right side as fast as possible ... then we can better adjust our risk to the next prevailing situation ...

As prooven with several math formulations in a round table meeting ... a superfast adjustment enables furthermore new entries at various stages ... which must not fit to chart pattern levels necessarily ...

No ... it must not ... moreover it is often better working ... if not fitting to typical levels from lousy grafics ...

Prices & movement & trading it as precise as possible to the turning points (spinning tops / bottoms) are one pair of shoes ... being fascinated by some grafical counts and views is another pair of shoes ...

Good strategy development is furthermore totally other pair of shoes ...

Now it can go where it wants too ... always play with the BE ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #310,727
  • Oct 20, 2010 11:16am Oct 20, 2010 11:16am
Quoting PayTheLimit
possible buy set up here...3973/75 resistance,

I'll pass, ouside my trade hours, tempting
Look Sharp/Trade Tight
  • #310,728
  • Oct 20, 2010 11:18am Oct 20, 2010 11:18am
Quoting DMA Trader
yup thanks
welcome. watching if can break 4005 previous top or shoulder top 4028& if fail expect break down towards 3830 for another try , not good sign though . at the same a megaphone /expanding triangle apparently there , highly bearish , so go that up above 4220 after another semi-sure failure overhead , double failure chance . just thought not so possible though at this top . but anything possible in forex, usdx may go bottom for undone task to finish the accurate tl ,usdchf & usdjpy to fall to the very tl down & all up .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #310,729
  • Oct 20, 2010 11:21am Oct 20, 2010 11:21am
Quoting capcity


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, H1.gif Size: 60 KB
  • #310,730
  • Oct 20, 2010 11:22am Oct 20, 2010 11:22am
looks like some support 3946/48 just under here, resistance 3973/75 and 76/78 still....
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 20 KB
Look Sharp/Trade Tight
  • #310,731
  • Oct 20, 2010 11:22am Oct 20, 2010 11:22am
@DMA Trader "Nihil Sine Deo." Are you romanian by any chance?
  • #310,732
  • Oct 20, 2010 11:23am Oct 20, 2010 11:23am
EU is possibly going up if 1.4007 breaks. We will hit the major trendline at 1.4503 on 28 November 2010 and then we will fall. That is the same week we hit 1.5140 last year and the down move started. Mark your calenders
  • #310,733
  • Oct 20, 2010 11:24am Oct 20, 2010 11:24am
Quoting gatorinla
no clear picture either direction in that chart... will the line hold today? or will those tweezers close out the day and head north?

will we engulf or drop.
slow accumulation last two hours.
  • #310,734
  • Oct 20, 2010 11:26am Oct 20, 2010 11:26am
What does 'mofu' stand for? Cheers
  • #310,735
  • Oct 20, 2010 11:27am Oct 20, 2010 11:27am
Quoting onewish
slow accumulation last two hours.
This likely not make it above 1.4

Accumulation points down with volume accumulation as well.

Unless some fresh buyers want to buy here at Psych level and daily top, then bulls got no chance.
They think they are smarter than I am.
  • #310,736
  • Oct 20, 2010 11:28am Oct 20, 2010 11:28am
Quoting Honored
EU is possibly going up if 1.4007 breaks. We will hit the major trendline at 1.4503 on 28 November 2010 and then we will fall. That is the same week we hit 1.5140 last year and the down move started. Mark your calenders
insider
  • #310,737
  • Oct 20, 2010 11:32am Oct 20, 2010 11:32am
Gator invented that term, i think!

could mean it's a "MOther FU***" area to trade or it's "MOre FUn" inside there LOL



Quoting Lorna
What does 'mofu' stand for? Cheers
dreams do come true.
  • #310,738
  • Oct 20, 2010 11:32am Oct 20, 2010 11:32am
Quoting Z3iz3i
This likely not make it above 1.4

Accumulation points down with volume accumulation as well.

Unless some fresh buyers want to buy here at Psych level and daily top, then bulls got no chance.
the pullback has been very limited considering the size of the rally dont you think?
Look Sharp/Trade Tight
  • #310,739
  • Oct 20, 2010 11:33am Oct 20, 2010 11:33am
Quoting PayTheLimit
looks like some support 3946/48 just under here....
that was london close, just some longs cashed in at the end of the day, just my thoughts as im short biased for now
  • #310,740
  • Oct 20, 2010 11:34am Oct 20, 2010 11:34am
Quoting PayTheLimit
the pullback has been very limited considering the size of the rally dont you think?
Yes and rally has been surprisingly strong as well

Have to see last hour NY open.
They think they are smarter than I am.
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