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  • #310,761
  • Oct 20, 2010 12:08pm Oct 20, 2010 12:08pm
If this AB=CD will work, there is still time to reach D.
No reason to not at least have a little retrace.

If it goes up to D(4078) to before D in this pic its very bulish.

I am thinking 3877 for T1 and 3825 for T2.
Attached Image (click to enlarge)
Click to Enlarge Name: forex272.gif Size: 26 KB
  • #310,762
  • Oct 20, 2010 12:09pm Oct 20, 2010 12:09pm
Quoting svet_an
Guys what do you think about going short now?
I'm thinking if south next, there's a whole bunch of stops not more than 50 pips away, I would have thought standard procedure would be to shake them out first, but who knows...

All quiet on the Western Front... for now...
  • #310,763
  • Oct 20, 2010 12:11pm Oct 20, 2010 12:11pm
Right now looks like a pennant.
  • #310,764
  • Oct 20, 2010 12:11pm Oct 20, 2010 12:11pm
Attached Image
Look Sharp/Trade Tight
  • #310,765
  • Oct 20, 2010 12:14pm Oct 20, 2010 12:14pm
Quoting svet_an
Guys what do you think about going short now?
Went short from 13949.7
(but who knows)
  • #310,766
  • Oct 20, 2010 12:17pm Oct 20, 2010 12:17pm
Quoting FibbinArchie
I'm thinking if south next, there's a whole bunch of stops not more than 50 pips away, I would have thought standard procedure would be to shake them out first, but who knows...

All quiet on the Western Front... for now...
the bears are a little depressed...
They will be fine eventually.
  • #310,767
  • Oct 20, 2010 12:17pm Oct 20, 2010 12:17pm
Quoting 7bit
http://www.forexfactory.com/attachme...6&d=1287523995
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-20-191548_1023x524_scrot.png Size: 42 KB
  • #310,768
  • Oct 20, 2010 12:22pm Oct 20, 2010 12:22pm
Quoting wannaberich
what engulfing candle? the daily? that one is not closed yet!
Yes the daily one, if it wont stay engulfing after close I can change my mind and cut the lose its simple But right now it's engulfing and I don't wanna miss this opportunity
You got to know when to hold 'em, know when to fold'em
  • #310,769
  • Oct 20, 2010 12:23pm Oct 20, 2010 12:23pm
Heya, too bad I missed this day! was such a ardent bull on tuesday!

Will be here the whole day 2moro, or most anyways
@pawpaw1000 on Twitter
  • #310,770
  • Oct 20, 2010 12:30pm Oct 20, 2010 12:30pm
best of luck to ur trade.

if you allow me an advice: it's better to loose an opportunity than to loose money!

beige book in half an hour...

green pips

Quoting B&b
Yes the daily one, if it wont stay engulfing after close I can change my mind and cut the lose its simple But right now it's engulfing and I don't wanna miss this opportunity
dreams do come true.
  • #310,771
  • Oct 20, 2010 12:34pm Oct 20, 2010 12:34pm
Quoting 7bit
Attachment
OMG! I take it you used your pattern ea to predict that move ? How often does it do so well ?
  • #310,772
  • Oct 20, 2010 12:34pm Oct 20, 2010 12:34pm
waiting for a trendline break to go short. First target will be 1.3706 and then 2nd target 1.3581. Hopefully my trendline breaks while I'm awake and i dont miss it!
  • #310,773
  • Oct 20, 2010 12:34pm Oct 20, 2010 12:34pm
Daily MA's suggest more upside over next week or so
Disclaimer: Check your 1m charts
  • #310,774
  • Oct 20, 2010 12:36pm Oct 20, 2010 12:36pm
i lost today 150pips, who lost more?
  • #310,775
  • Oct 20, 2010 12:36pm Oct 20, 2010 12:36pm
Quoting wannaberich
best of luck to ur trade.

if you allow me an advice: it's better to loose an opportunity than to loose money!

beige book in half an hour...

green pips
I always enjoy losing small money for big opportunities Because every stop-loss brings me closer to the next home run
You got to know when to hold 'em, know when to fold'em
  • #310,776
  • Oct 20, 2010 12:36pm Oct 20, 2010 12:36pm
EUR/USD is appearing since yesterdays fall. Once the price settles over 1.3994, we may se a retest of 1.4155.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.PNG Size: 22 KB
  • #310,777
  • Oct 20, 2010 12:41pm Oct 20, 2010 12:41pm
Quoting svet_an
Guys what do you think about going short now?
I wouldn't. I expect the price will ease back a bit now during NA afternoon but will pick up new momentum to go up further during the Tokyo session.
Make your losses in demo. Earn your profits live.
  • #310,778
  • Oct 20, 2010 12:44pm Oct 20, 2010 12:44pm
Quoting pipper
Daily MA's suggest more upside over next week or so
Golden Cross on EU just before the decline...
  • #310,779
  • Oct 20, 2010 12:46pm Oct 20, 2010 12:46pm
Quoting 7bit
Attachment
Hi,
went to your ref site but could not get the hang of things its explaining...wanna make it clear here sir?
thanks
  • #310,780
  • Oct 20, 2010 12:51pm Oct 20, 2010 12:51pm
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.
don't ask,just tell.......? is not your style.
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