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EURUSD

  • #313,521
  • Oct 25, 2010 5:03pm Oct 25, 2010 5:03pm
Quoting malcolmb14
how wrong you are ,,,,

there are certain things that happen and history repeats itself over and over.

Reacting to indicators is a sure way to lose money in the long run as what works one day will not work the next.

stodying history in the charts and the games they play will make you rich
spiv this is what I mean

http://www.forexfactory.com/showpost...stcount=312958

that same move happened in asia.. like a fake out , gave us 400 pip , last nights move 100 so far only.
Blogging daily now at www.volume.zone
  • #313,522
  • Oct 25, 2010 5:19pm Oct 25, 2010 5:19pm
My theory is that its not Fake.
Basically this huge spike is generated by a minority of ppl trading huge quantities, but it does not reflect the market sentiment. So when they exit the market, price falls down, and that down results in a down trend.


Quoting malcolmb14
spiv this is what I mean

http://www.forexfactory.com/showpost...stcount=312958

that same move happened in asia.. like a fake out , gave us 400 pip , last nights move 100 so far only.
  • #313,523
  • Oct 25, 2010 5:23pm Oct 25, 2010 5:23pm
Quoting malcolmb14
conchy you said no going against daily trend so i been buying all day ... blown my acocunt up now ... lol

Asia move yesterday classic bull trap... what a sell opp.
Hi Malcolm, when you can please explain bulltrap scenario for the benefit of us noobs, thanks.
  • #313,524
  • Oct 25, 2010 5:24pm Oct 25, 2010 5:24pm
Quoting mercy seat
UPDATE am Mittag:

Okay ... zwischendurch mal wieder ein Update gemacht ...

We took partial profits from longs since 1.3942 loaded during early Asian Session ... and near 1.3965 levels ... at several unwinding points between 1.4056 and 1.4075 during mid-morning session in Europe ... rest may travel where it wants to ... profit stops below 1.3990 zone for the rest of the long positions ...

Nothing changed atm ... but possibly we add soon...

UPDATE am Mittag:

Okay ... zwischendurch mal wieder ein Update gemacht ...

We took partial profits from longs since 1.3942 loaded during early Asian Session ... and near 1.3965 levels ... at several unwinding points between 1.4056 and 1.4075 during mid-morning session in Europe ... rest may travel where it wants to ... profit stops below 1.3990 zone for the rest of the long positions ...

Nothing changed atm ... but possibly we add soon again at first ... then reverse ...

Schaun wir mal ... first up ... then down ... that was the name of our 'Parole Emil' ...


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

2010-10-25 _ zigzagtracktracer (14h15 CET) EUR-USD 015min _ 000.GIF (32.1 KB)


palim palim ... und tschüss


;-)


Schön ... gibt es kein ausführliches RECAP jetzt ... schon an anderer Stelle gemacht ...

Long from earlier Asian Session dips until mentioned area ... and took partial profits during morning session in Europe ...

While Bernanke was blathering ... caught some longs again ... re-loaded near 1.4011 and 1.4009 ... unwinded again at 1.4026 and 1.4033 ... in order to adjust the BE at convenient levles ...

Currently at the sideline ... since last rest of original longs has been stopped away from market at profit stop area below 1.3990 ...

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

2010-10-26 _ zigzagtracktracer (00h00 CET) EUR-USD 015min _ 000.GIF (38.8 KB)

EUR/USD Setup and Idea :

Gut soweit ... now downside to be tested again at the agenda ...

Should try to re-test 1.3906 (DPS-1) or 1.3894 at first ... only if hold above 1.3875/ 1.3867 at least ... there might be upside potential towards 1.4024 or 1.4052 (DPR-1) again ...

Breakout stop levels looming beyond 1.4095 for upside acceleration ...

Otherwise breakout stop levels as well below 1.3857 - 1.3847 (DPS-2) for downside acceleration ...

Das isses erst mal ... that's it for the next 12-hours ...


und tschüss


;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-26 _ zigzagtracktracer (00h00 CET) EUR-USD 015min _ 000.GIF Size: 39 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #313,525
  • Oct 25, 2010 5:27pm Oct 25, 2010 5:27pm
has it finally hit bottom? or will it keep going past .3940
Rise and rise again until the Lambs become LIONS!!!
  • #313,526
  • Oct 25, 2010 5:30pm Oct 25, 2010 5:30pm
Malcolm:
Sorry hadn't your post #312598, I gaher it's a quick reversal on high vol that lasts one or two candles to shake out the stops and then go in the other direction...
  • #313,527
  • Oct 25, 2010 5:32pm Oct 25, 2010 5:32pm
Quoting geosanuy
Malcolm:
Sorry hadn't your post #312598, I gaher it's a quick reversal on high vol that lasts one or two candles to shake out the stops and then go in the other direction...
breaks out in asia of major support / resistance levels are 90% of the time traps. You should have seen how many in here calling 1.4400 last night in asia... right conchy ( just pulling your leg mate)
Blogging daily now at www.volume.zone
  • #313,528
  • Oct 25, 2010 5:33pm Oct 25, 2010 5:33pm
Quoting naser007
EURUSD H1 with elliot wave

http://forexrainbow.com/files/274x8j5z22ggz89wo5wf.gif

update and continue :

http://forexrainbow.com/files/af5nm2f26baycn64dt12.gif
  • #313,529
  • Oct 25, 2010 5:34pm Oct 25, 2010 5:34pm
Quoting chadandsand
has it finally hit bottom? or will it keep going past .3940
38.2% of the entire swing up, such an obvious level will always get a price reaction, not rallied much off of it so far.. (it's also new daily S1 pivot).
  • #313,530
  • Oct 25, 2010 5:37pm Oct 25, 2010 5:37pm
Quoting malcolmb14
breaks out in asia of major support / resistance levels are 90% of the time traps. You should have seen how many in here calling 1.4400 last night in asia... right conchy ( just pulling your leg mate)
Tanks that is good info, I believe it's the maties, they're a sneaky mob...
  • #313,531
  • Oct 25, 2010 5:37pm Oct 25, 2010 5:37pm
Quoting DrLobo
My theory is that its not Fake.
Basically this huge spike is generated by a minority of ppl trading huge quantities, but it does not reflect the market sentiment. So when they exit the market, price falls down, and that down results in a down trend.
reality even fx markets are manipulated these days ....

that up moves is designed to lure in longs... then , if you notice fomr 1.4000 to 1.4070 the volume was like smoke .. here one seond gone the next . It was not till 1.4070 that the volume came back in .. that was the same smart money that is bearish selling into the herd driven spike.

all spikes under low volume are designed to confuse us.

for most big money players this is just like a video game. eu never used to move like this. .. it was steady non of these massive spikes and stuff in asia.
Blogging daily now at www.volume.zone
  • #313,532
  • Oct 25, 2010 5:48pm Oct 25, 2010 5:48pm
Quoting malcolmb14
breaks out in asia of major support / resistance levels are 90% of the time traps. You should have seen how many in here calling 1.4400 last night in asia... right conchy ( just pulling your leg mate)
what volume? they'll tell you they be looking at the weekly mate
I got a sell on cable for 5325 malcolm, you?
Thank You
  • #313,533
  • Oct 25, 2010 5:52pm Oct 25, 2010 5:52pm
whip saw whip saw whip saw... shesh oh piece.

Can't get a clear signal anywhere it seems
  • #313,534
  • Oct 25, 2010 5:53pm Oct 25, 2010 5:53pm
GAP Filled going long here. Asains buy up eu cheap again

long 1.3940

$ is in heep of sheet still
Know when to hold em, Know when to fold em!
  • #313,535
  • Oct 25, 2010 6:00pm Oct 25, 2010 6:00pm
Quoting goods
GAP Filled going long here. Asains buy up eu cheap again

long 1.3940

$ is in heep of sheet still
you know this for a fact then? or is there a proper analysis to back the call?
where's the stop placed?
Thank You
  • #313,536
  • Oct 25, 2010 6:02pm Oct 25, 2010 6:02pm
Quoting Venice
whip saw whip saw whip saw... shesh oh piece.

Can't get a clear signal anywhere it seems
there's a ltl breakout validating shorts if you're interested. The W1 pvp @1.3892 is the nearest support. Don't get sucked into buying.
Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: eu4.gif Size: 27 KB
Thank You
  • #313,537
  • Oct 25, 2010 6:03pm Oct 25, 2010 6:03pm
Quoting wormboy
you know this for a fact then? or is there a proper analysis to back the call?
where's the stop placed?
no I dont know for a fact. 25 pip sl tight I am taking a stab. Home sales pushed $ a big higher today, overall trend is up
Know when to hold em, Know when to fold em!
  • #313,538
  • Oct 25, 2010 6:03pm Oct 25, 2010 6:03pm
Quoting goods
GAP Filled going long here. Asains buy up eu cheap again

long 1.3940

$ is in heep of sheet still
What is your SL?

Wondering whether it will bounce off the 50% fib. Would expect it to target 1.4040-4050.
  • #313,539
  • Oct 25, 2010 6:03pm Oct 25, 2010 6:03pm
thinking of shorting a retrace here, if it comes back for me...
  • #313,540
  • Oct 25, 2010 6:05pm Oct 25, 2010 6:05pm
Quoting moonchild
What is your SL?

Wondering whether it will bounce off the 50% fib. Would expect it to target 1.4040-4050.
from 3890? my initial tp if I can get a good entry...
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