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EURUSD

  • #315,361
  • Oct 28, 2010 4:45am Oct 28, 2010 4:45am
Quoting FibbinArchie
I think we will go down soon, within a couple of days to a week, but possibly has at least another up thrust in it...
Yes I do not say in 30 min time - it can take some hrs - the red TL is on daily

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 28.10.2010 2.gif Size: 21 KB
Jesus Christ is my only Lord !
  • #315,362
  • Oct 28, 2010 4:46am Oct 28, 2010 4:46am
Gone Short for 25 pips !

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M5.jpg Size: 148 KB
  • #315,363
  • Oct 28, 2010 4:47am Oct 28, 2010 4:47am
Ok.

This is crystal clear when i switched back to 15min tf.

Bulls want "organize" above 200EMA and make final (?) push up from there.

Waiting for setup. If EMA breaks with force then short.

EDIT: thats why the low volume, intention was not to TRY to break I-D high yet.
They think they are smarter than I am.
  • #315,364
  • Oct 28, 2010 4:48am Oct 28, 2010 4:48am
Yesterday EURUSD bounced from the 1,3730 weekly S1 pivot level. Now the hourly studies are overbought and the USDJPY is oversold, so my guess is that this London session uptrend will not continue long and when NY session will start we will have a decent dip.
  • #315,365
  • Oct 28, 2010 4:49am Oct 28, 2010 4:49am
Quoting nooblaster
why would you short if it broke a downward channel? those things work like 90% of the time
It depends of the time perspective I expest the short signal within hrs not minutes when it reaches my red daily TL and 50-60 fib

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 28.10.2010 2.gif Size: 21 KB
Jesus Christ is my only Lord !
  • #315,366
  • Oct 28, 2010 4:50am Oct 28, 2010 4:50am
Still looking for long opportunities, they might go up without me though, as I'm waiting for a dip...
Look Sharp/Trade Tight
  • #315,367
  • Oct 28, 2010 4:51am Oct 28, 2010 4:51am
Hello everybody,

I have updated my EW-Counts on my blog. Most of the E-Waver have the recent move down as an impulse (wave C of a wave 4).

See my charts and explanations on my blog why I do not think so.

I will stick to my Leading Diagonal count.......
  • #315,368
  • Oct 28, 2010 4:52am Oct 28, 2010 4:52am
Quoting PayTheLimit
2/2 for +39, making up for yestedays 3/3 the wrong way and a -22.
The day is young...

Initial claims later, I am thinking of closing my long also...
  • #315,369
  • Oct 28, 2010 4:53am Oct 28, 2010 4:53am
aiming at 1.39

break of 1.3955 (daily R1 and also H4 and H1 lines) should take us there. 1.3970 could be troublesome in my view. setting sl at be at that level. since haven't made the bread and butter for the day so i could close it there and look for a short setup at 1.39 instead.

i could have made my bread and butter with the short i had from 1.3933 to 1.39 but got greedy and got stopped out at be+1. that's trading...

hapipipin
dreams do come true.
  • #315,370
  • Oct 28, 2010 4:54am Oct 28, 2010 4:54am
Quoting Nectarios
You are most probably right, but I trade the 4h chart and I see something different. Have a look at it and let me know what you think. Good luck with you trades.
Regards
Nectarios
I see higher highs, higher lows, higher closes...this is all i need NOT to short it.
But you might right catching this top.

Good luck to you
COT: The precious data ignored
  • #315,371
  • Oct 28, 2010 4:56am Oct 28, 2010 4:56am
Quoting kuroro001
I see higher highs, higher lows, higher closes...this is all i need NOT to short it.
But you might right catching this top.

Good luck to you
Im in your boat mate...
Long from 1,3795 area and targeting 1,3850...
  • #315,372
  • Oct 28, 2010 4:57am Oct 28, 2010 4:57am
2 candels 1h in green with higher highs... short is risky to do now trust me i disobeyed my rule yesterday...

a possible bump down and back up... the 4h hammer is failing for now...
im waiting..
  • #315,373
  • Oct 28, 2010 4:57am Oct 28, 2010 4:57am
hi guys,

im kinda getting more confused with my levels labeling in my mt4 fibo chart.

im using avafx.

however, when i watch those videos about using fibo as one of the tools, i notice the labeling is so much different from mine.

example, to draw a downtrend fibo, babypips taught us draw from top to bottom right? that would be top 100 and bottom will be 0.

However, when i do the same thing, my fibo will label the top as 0 and bottom as 100, each time i had to draw it opposite.

is there any website that can list out correctly all the fibo levels in detail?

so as i can take reference and label my fibo correctly

thanks
400 pips remaining.
  • #315,374
  • Oct 28, 2010 4:57am Oct 28, 2010 4:57am
EU Summit Draft Warns Against Currency Devaluations
BRUSSELS (MNI) – Europe’s leaders are set to warn against
protectionism and currency devaluations to improve competitiveness after
a two-day summit here Thursday and Friday, a draft of the summit’s
conclusions shows.
Europe’s policymakers have long argued that the exchange rate of
the Chinese currency is out of line with the country’s economic
fundamentals and is harming EU exports.
“The European Union emphasises the need to continue keeping markets
open, to inject momentum into the Doha negotiations and to adopt a
growth-oriented development agenda,” according to a draft of the summit
conclusions seen by Market News International.
The EU “stresses the need to avoid all forms of protectionism and
to avoid engaging in exchange rate moves aimed at gaining short-term
competitive advantages,” the draft read.
“It is obvious to all observers that a number of exchange rates are
not corresponding to the economic fundamentals,” said a diplomat close
to the summit. “This brings with it risks of competitive devaluations.”
“The EU is comfortable in this sense that we feel the euro is at
its natural and spontaneous level,” he said. “We would like everybody to
find the level that reflects them.”
EU leaders are also set to debate proposals aimed at stiffening
rules on debt and deficits which would also see the creation of a
permanent mechanism to aid Eurozone countries that fall in to financial
difficulty.
France and Germany have backed the proposals and advocated changes
to the EU treaties to allow the crisis mechanism. But with several EU
countries, including Sweden, opposing treaty changes and the draft
conclusions still blank on this point, the debate is expected to be a
long one.

www.forexlive.com

yeah, let's declare economic war on china. merkel and sarkozy are the greatest ever.
  • #315,375
  • Oct 28, 2010 4:58am Oct 28, 2010 4:58am
Quoting kojak
I see a possible move down to 1,3795 area..Its fib level, DP, round number, and also backside of the bearish channel we break out of...
I hope we reach 1,3850 level..long on the bounce..
Is 1,3900 out of reach for today?
  • #315,376
  • Oct 28, 2010 4:59am Oct 28, 2010 4:59am
Quoting DeReas
hi guys,

im kinda getting more confused with my levels labeling in my mt4 fibo chart.

im using avafx.

however, when i watch those videos about using fibo as one of the tools, i notice the labeling is so much different from mine.

example, to draw a downtrend fibo, babypips taught us draw from top to bottom right? that would be top 100 and bottom will be 0.

However, when i do the same thing, my fibo will label the top as...
click on fib that u draw- propertis and change the levels-100 with 0 and 0 with 100 and so on...


welcome
  • #315,377
  • Oct 28, 2010 5:00am Oct 28, 2010 5:00am
Quoting kojak
I hope we reach 1,3850 level..long on the bounce..
Is 1,3900 out of reach for today?
Take out the risk, SL to +4 pips..
My plan was to go long around 1,3795, pull the trigger at 1,3804 and from now its safe...
Lunchtime..
  • #315,378
  • Oct 28, 2010 5:00am Oct 28, 2010 5:00am
Quoting DeReas
hi guys,

im kinda getting more confused with my levels labeling in my mt4 fibo chart.

im using avafx.

however, when i watch those videos about using fibo as one of the tools, i notice the labeling is so much different from mine.

example, to draw a downtrend fibo, babypips taught us draw from top to bottom right? that would be top 100 and bottom will be 0.

However, when i do the same thing, my fibo will label the top as...
you draw it top to bottom in downtrend to see the retracements. in an uptrend you draw it the other way around.



Quoting Vladimir1987
click on fib that u draw- propertis and change the levels-100 with 0 and 0 with 100 and so on...


welcome
why would you do that?
  • #315,379
  • Oct 28, 2010 5:01am Oct 28, 2010 5:01am
This is my mid/short term view on the EUR/USD. I believe we´re in a larger correction from the top @ 1.4159 and currently building an ABCDE-pattern here. The image is from yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: valut.gif Size: 62 KB
  • #315,380
  • Oct 28, 2010 5:02am Oct 28, 2010 5:02am
Held the ma on the hourly close...
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