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  • #314,661
  • Oct 27, 2010 7:39am Oct 27, 2010 7:39am
The bulls need any news as an excuse buy good news or bad.. The euro is still overbought with the weakening of the USD over the last month means QE will be less than expected and the Euro will drop like a stone.
  • #314,662
  • Oct 27, 2010 7:39am Oct 27, 2010 7:39am
Quoting swing 123
added short today at 1.3830, may durable goods do the good for me
it's a good idea to stay out of the markets during the equity open.

it's even a better idea to stay out until tier 1 news has been digested.

stan

PS - It doesn't matter if you get lucky and win this one or lose this one.
  • #314,663
  • Oct 27, 2010 7:40am Oct 27, 2010 7:40am
False break up...be careful and good luck.
  • #314,664
  • Oct 27, 2010 7:41am Oct 27, 2010 7:41am
agree with you merry time to show eur power... USD over now
  • #314,665
  • Oct 27, 2010 7:42am Oct 27, 2010 7:42am
Quoting DMA Trader
September Durable Orders +3.3% vs +1.8% consensus, prior revised to -1.0% from -1.3%

September Durable Orders- ex trans -0.8% vs +0.2% prior revised to +1.9% from +2.0%
I guess they kind of negate each other, market seems indifferent, just a whip saw and back where we started.

New homes up next....
  • #314,666
  • Oct 27, 2010 7:42am Oct 27, 2010 7:42am
+1

Quoting nooblaster
cover your shorts ppl! its retrace tiime!!!
  • #314,667
  • Oct 27, 2010 7:43am Oct 27, 2010 7:43am
So if am correct that news should send this pair down ?

But what would you do as a big dog send it down not likely.

send it up pick all the mugs up "THEN" send it down

But i dont think they can get past the 1.3800 till it stops being supported.

I'am learning the news is used as a tool to fool us nothing more.

Hope this helps buddies

I dont know anything about options but I anticipate no move much below 1.3800 till they expire, am still learning but I'll watch and see if i am correct.
making green pips large and red pips small this is my goal.
  • #314,668
  • Oct 27, 2010 7:44am Oct 27, 2010 7:44am
if this 15min candle close below 3809 we r going down otherwise.......
  • #314,669
  • Oct 27, 2010 7:44am Oct 27, 2010 7:44am
if gold hold 1327 level we can see eur 1.4100 once again its a correcion only...
  • #314,670
  • Oct 27, 2010 7:45am Oct 27, 2010 7:45am
Quoting gatorinla
touched the lower mofu.... it would be rare not to hit the center at least.
the chart posted earlier with the blue box is a bigger one (a upper mofu),, but stronger.
it didnt touch before a new bottom. this is rare after being so close. after new bottom white chart would of been the new path. both of these are bull attempts. the orange one was incomplete. att a strong bear sign.. the white one was complete.. a bullish sign.. but if you look in the blue box posted before orange chart ( #314431). you can see where we bounced.. just above purple target in the center of the blue box mofo. the bounce off the orange chart was the lower mofu edge. same charts updated.. i put the colored boxes and have the words mofu for a reason. these are your unstable areas. they are easily turned in or bounced off. without momentum they are hard to cross.. crosses that hold are usually a single candle. depending on tf.. or a build up of multiple ones for a decent period. depending on move strength.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bear 1.PNG Size: 31 KB
Click to Enlarge Name: bear 3.PNG Size: 24 KB
those who can, do. those who cant, talk about those who can
  • #314,671
  • Oct 27, 2010 7:45am Oct 27, 2010 7:45am
Anyone paying attention to the Daily chart?? Does this imply price going south on Cable? I'm buying dips today.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #314,672
  • Oct 27, 2010 7:45am Oct 27, 2010 7:45am
Untill 1500bst am gonna load longs as close to 1.3800 and take whatever it bounces up to.
making green pips large and red pips small this is my goal.
  • #314,673
  • Oct 27, 2010 7:48am Oct 27, 2010 7:48am
News not going to turn this move around. Still solid down trend on hourly. Going to have to push through 1.3800. Short from last night with B/E stop now, and added smaller position this morning. Should have got in closer to the 12EMA though. Break through WS1 by days end and push to 1.37
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd oct27.gif Size: 27 KB
  • #314,674
  • Oct 27, 2010 7:48am Oct 27, 2010 7:48am
Take care of yourselves with winning money management people!
  • #314,675
  • Oct 27, 2010 7:50am Oct 27, 2010 7:50am
Quoting swing 123
if this 15min candle close below 3809 we r going down otherwise.......
this double bottom concerns me
  • #314,676
  • Oct 27, 2010 7:51am Oct 27, 2010 7:51am
Quoting gatorinla
it didnt touch before a new bottom. this is rare after being so close. after new bottom white chart would of been the new path. both of these are bull attempts. the orange one was incomplete. att a strong bear sign.. the white one was complete.. a bullish sign.. but if you look in the blue box posted before orange chart ( #314431). you can see where we bounced.. just above purple target in the center of the blue box mofo. the bounce off the orange chart was...

Check out the 30 min chart see the higher high and higher low.

IMHO this will be a push back up to 1.4
Know when to hold em, Know when to fold em!
  • #314,677
  • Oct 27, 2010 7:51am Oct 27, 2010 7:51am
Current position: Long with tight stops and trembling fingers
  • #314,678
  • Oct 27, 2010 7:53am Oct 27, 2010 7:53am
still waiting for the real move..
I'm learning to trust my own charts..
  • #314,679
  • Oct 27, 2010 7:53am Oct 27, 2010 7:53am
Quoting paul1
Untill 1500bst am gonna load longs as close to 1.3800 and take whatever it bounces up to.
Good tactics
They think they are smarter than I am.
  • #314,680
  • Oct 27, 2010 7:55am Oct 27, 2010 7:55am
Bulls
Attached Image (click to enlarge)
Click to Enlarge Name: eu_15min_bull_hh_hl.jpg Size: 171 KB
Know when to hold em, Know when to fold em!
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