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EURUSD

  • #310,801
  • Oct 20, 2010 1:49pm Oct 20, 2010 1:49pm
Today we hit the target

http://research.gedamoforex.com/2010...-october-2010/
  • #310,802
  • Edited 2:09pm Oct 20, 2010 1:49pm | Edited 2:09pm
Quoting DMA Trader
I think a lot of people/traders are missing a very important point because they came late to the bull party.

Since we get above 1.38 we're not really trending. We are in a big range so using stuff that worked in the past from 1.19 to 1.38 very accurate. might not work now. take a look on 4h chart that's not trending.

A very important thing that I don't believe but could happen is to range until November.
Also S&P is in a range. Looks like a top on both but we could just consolidate to head higher.

So concentrate on supply/demand zone - support...
all i know it (3982 updated) is in the normal ma pa. anything above is out of it.. and we return back below normally... or at least it has every other single time since this pair has started. the highest ever above was 30% in 2008.. last week it was 20%... so 4082 is 10% and 4182 is 20% and 4282 is 30% the equivalent to 2008 1.6038 level ... so if we spike in the st pick a place... now if the move flattens as time goes on we can move up... but it will be flattish using the 11 year history as a benchmark.. the few times (8 times) we have passed these levels we went back to normal ma pa... as we did yesterday.. but usually in less then a few weeks we trend as a reversal or big correction.. in this case its at least 2982.. will we? i don't know.. but we have always done it in the past.. this don't mean we don't have a push before.
those who can, do. those who cant, talk about those who can
  • #310,803
  • Oct 20, 2010 1:57pm Oct 20, 2010 1:57pm
Quoting gatorinla
all i know it (3982 updated) is in the normal ma pa. anything above is out of it.. and we return back below normally... or at least it has every other single time since this pair has started. the highest ever above was 30% in 2008.. last week it was 20%... so 4082 is 10% and 4182 is 20% and 4282 is 30% the equivalent to 2008 1.6038 level ... so if we spike in the st pick a place... now if the move flattens as time goes on we can move up... but it will be flattish using the 11 year history as a benchmark.. the few times we have passes these levels...
somebody keeps buying near 50 level,
  • #310,804
  • Oct 20, 2010 1:58pm Oct 20, 2010 1:58pm
Quoting gatorinla
all i know it (3982 updated) is in the normal ma pa. anything above is out of it.. and we return back below normally... or at least it has every other single time since this pair has started. the highest ever above was 30% in 2008.. last week it was 20%... so 4082 is 10% and 4182 is 20% and 4282 is 30% the equivalent to 2008 1.6038 level ... so if we spike in the st pick a place... now if the move flattens as time goes on we can move up... but it will be flattish using the 11 year history as a benchmark.. the few times we have passes these...
thanks. you know we did stay in ranges even after the Q.E.1 and before. we also had a huge spike up just like last month and lost it all to get back to range.

i just hate ranges. anyway other scenario 4h H&S and 4H I H&S on USX.
looks pretty good but 77 needs to hold.

If we get above china's data we might see again some usd strength.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #310,805
  • Oct 20, 2010 2:04pm Oct 20, 2010 2:04pm
Its possible we may have seen temporary top on EUro. Could possibly drop to 1.35/1.33
  • #310,806
  • Oct 20, 2010 2:08pm Oct 20, 2010 2:08pm
Anyone know what the reason to that spike up after drop yesterday ?
News?
  • #310,807
  • Oct 20, 2010 2:12pm Oct 20, 2010 2:12pm
Quoting DMA Trader
thanks. you know we did stay in ranges even after the Q.E.1 and before. we also had a huge spike up just like last month and lost it all to get back to range.

i just hate ranges. anyway other scenario 4h H&S and 4H I H&S on USX.
looks pretty good but 77 needs to hold.

If we get above china's data we might see again some usd strength.
that one was 13 pips below 20%...
those who can, do. those who cant, talk about those who can
  • #310,808
  • Oct 20, 2010 2:12pm Oct 20, 2010 2:12pm
EG its called shaking out the weak holders. We should expect more of this in the coming weeks and months
  • #310,809
  • Oct 20, 2010 2:16pm Oct 20, 2010 2:16pm
Quoting egkid
Anyone know what the reason to that spike up after drop yesterday ?
News?
AHA
Now i know why because PBOC At last
  • #310,810
  • Oct 20, 2010 2:22pm Oct 20, 2010 2:22pm
Does any 1 have any idea for incoming news from China how can affect the parity? Down or up? my primary idea might be down.
  • #310,811
  • Oct 20, 2010 2:28pm Oct 20, 2010 2:28pm
Quoting bososo
Does any 1 have any idea for incoming news from China how can affect the parity? Down or up? my primary idea might be down.
above estimate data good for comm currency's AUD NZD CAD and
EUR
below estimate data good for safe heavens JPY CHF USD
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #310,812
  • Edited 2:39pm Oct 20, 2010 2:28pm | Edited 2:39pm
Interesting little range play since NY close, have looked on multiple time frames and tick volume is definitely stronger on the down bars.

ASSUMING this is indicating distribution, I wouldn't rule out the possibility of a stop catching spike prior to, or just at the start of Tokyo... It's what they did last night to bring it up...

Last night's spike went 15 to 20 pips past the day's low, also reports of stop clusters around the 4010 level...

Opinion only, DYOR
  • #310,813
  • Oct 20, 2010 2:28pm Oct 20, 2010 2:28pm
Apparently I didn't get enough coffee for this sideways action. hah.
  • #310,814
  • Oct 20, 2010 2:30pm Oct 20, 2010 2:30pm
Quoting Lorditaly
Today we hit the target

http://research.gedamoforex.com/2010...-october-2010/
Sir, Is this a free Membership to know about dailies??
Bomi
  • #310,815
  • Oct 20, 2010 2:32pm Oct 20, 2010 2:32pm
Quoting JuliusCeasar
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

Attachment

Right shoulder forming

If 1.3650 does not hold it's gonna be biblical,

below 1.34 minimum
Mind over matter..I don't mind and you don't matter.
  • #310,816
  • Oct 20, 2010 2:34pm Oct 20, 2010 2:34pm
Quoting DMA Trader
above estimate data good for comm currency's AUD NZD CAD and
EUR
below estimate data good for safe heavens JPY CHF USD
tnx a lot.
  • #310,817
  • Oct 20, 2010 2:37pm Oct 20, 2010 2:37pm
hi guys.

is this a dream come true being parked in this position?
  • #310,818
  • Oct 20, 2010 2:38pm Oct 20, 2010 2:38pm
Lets see 3950 fall...
  • #310,819
  • Oct 20, 2010 2:41pm Oct 20, 2010 2:41pm
Quoting JuliusCeasar
Right shoulder forming

If 1.3650 does not hold it's gonna be biblical,

below 1.34 minimum
ouch, shoulder huuuuurts
  • #310,820
  • Oct 20, 2010 2:48pm Oct 20, 2010 2:48pm
Watch out also for the inverted shoulder formation
Disclaimer: Check your 1m charts
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