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  • #319,701
  • Nov 4, 2010 6:52pm Nov 4, 2010 6:52pm
excellent !


Quoting courtt5
you people?

4500? If forex was this easy, we'd all be rich.
  • #319,702
  • Nov 4, 2010 6:52pm Nov 4, 2010 6:52pm
Quoting courtt5
you people?

4500? If forex was this easy, we'd all be rich.
Alright... im going to write this big and put my balls on the line:

I Believe we will see 1.4500 by next week UNLESS ECB comes out with some totally ridiculous news OR BOJ interferes...

There, out for all to see... ALL my s/l's will be at 1.4030 and will add if we get down to 1.4150...

Now, no one can predict the future but looking at TECHNICAL analyses, we going there...

PLEASE NOTE THAT I DO HAVE A WIDE SL, thus my risk is lower...
@pawpaw1000 on Twitter
  • #319,703
  • Nov 4, 2010 6:58pm Nov 4, 2010 6:58pm
Quoting DMA Trader

Hey Mr Noda are you still watching Forex ?
yes i guess, but in his way
Attached Image
  • #319,704
  • Nov 4, 2010 7:03pm Nov 4, 2010 7:03pm
Quoting courtt5
Its gonna go where it needs to go. Give it 8 hours for 3860
this was your call and 8 hours later we were at 1.4130...

Good one
@pawpaw1000 on Twitter
  • #319,705
  • Nov 4, 2010 7:08pm Nov 4, 2010 7:08pm
Dont take it personally man. I believe 4500 is reachable in the next 6-8 days.

The high (4248) for 11/5/2010 was reached 35 minutes ago. It's south from here.
  • #319,706
  • Nov 4, 2010 7:10pm Nov 4, 2010 7:10pm
Revised analysis is pointing toward 1.4080~ area as the bottom of the C wave.
  • #319,707
  • Nov 4, 2010 7:11pm Nov 4, 2010 7:11pm
Hi all,

Here's something I'd like to share. The indicator below is a modified OBV which integrates buying and selling pressure from each bar (it's a no lag pure PA indi). In white, you can see the bullish divergence that led to a +550 pips (for now) move upside. In red, the possible bearish divergence that is under formation. This friday's close will help to confirm if this divergence really exists. It's still early.

The big picture is : even if the price is rising, this pair is under heavy selling pressure for the last 3-4 weeks. The tendency seems to invert since this (shown in white) divergence has been played out, but I think we need the red divergence to be cleared before considering the up trend as healthy. Until then, I'll try to be carefull with this new up trend considering bears to be hidden in the background, ready to join the party ...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1.gif Size: 13 KB
Don't just be a sheep : make your own idea of it.
  • #319,708
  • Nov 4, 2010 7:21pm Nov 4, 2010 7:21pm
Quoting Honored
Weekly candle already has 420 pip move, dont see it going any higher tomorrow.
Check weekly candles from Dec 2008 or May 2010 and let us know. By the way, dig into this thread and count the number of people/posts that have been calling for a downtrend being started since June.

Trade what you see. Nothing is due or not enough or too much. People thinking this way (I've been one) usually blows their account.
Don't just be a sheep : make your own idea of it.
  • #319,709
  • Nov 4, 2010 7:24pm Nov 4, 2010 7:24pm
Quoting pawpaw1000
this was your call and 8 hours later we were at 1.4130...

Good one
Don't just be a sheep : make your own idea of it.
  • #319,710
  • Nov 4, 2010 7:25pm Nov 4, 2010 7:25pm
Quoting kassec
Hi all,

Here's something I'd like to share. The indicator below is a modified OBV which integrates buying and selling pressure from each bar (it's a no lag pure PA indi). In white, you can see the bullish divergence that led to a +550 pips (for now) move upside. In red, the possible bearish divergence that is under formation. This Friday's close will help to confirm if this divergence really exists. It's still early.

The big picture is : even if the price is rising, this pair is under heavy selling pressure for the last 3-4 weeks. The tendency...
I was going to comment and say that your speculation of a divergence was premature, but while getting prepared to write my post I noticed "This Friday's close will help confirm if this divergence really exists. It's still early." I'd have to say for a confirmation today's (Friday) low has to be a lower low then yesterdays (1.4101). If it doesn't happen today then Monday. Basically it needs to happen before your OBV indicator goes higher canceling out the divergence. I am sure you are aware of this, but their may be people browsing who do not know. Nice chart!
  • #319,711
  • Nov 4, 2010 7:41pm Nov 4, 2010 7:41pm
No need trying to predict anything right now.
NFP might change all your prediction
So just sit tight and wait for it.

I will enjoy my day, come back for London and if London ain't moving i will be back for NFP
COT: The precious data ignored
  • #319,712
  • Nov 4, 2010 7:45pm Nov 4, 2010 7:45pm
Quoting fxcatty
I was going to comment and say that your speculation of a divergence was premature, but while getting prepared to write my post I noticed "This Friday's close will help confirm if this divergence really exists. It's still early."...
You are right : It is premature. It has to be confirmed. I still wanted to post, having nothing better to do atm

This is not a usual OBV. I modified it to integrate buying/selling pressure shown by the candles. For the divergence to clear, we'll need to close above the middle of the candle (the higher, the better) and to have large daily volume.

Simply put : if it clears, we are in a strong healthy up trend and it will be confirmed that bears are out since one week. If it doesn't and plays out, we may be back in this f$*%g range (or even below) by the end of next week.
Don't just be a sheep : make your own idea of it.
  • #319,713
  • Nov 4, 2010 7:58pm Nov 4, 2010 7:58pm
Interesting. Can you post that indicator, I'd like to see what's behind it.
Quoting kassec
Hi all,

Here's something I'd like to share. The indicator below is a modified OBV which integrates buying and selling pressure from each bar (it's a no lag pure PA indi). In white, you can see the bullish divergence that led to a +550 pips (for now) move upside. In red, the possible bearish divergence that is under formation. This friday's close will help to confirm if this divergence really exists. It's still early.

The big picture is : even if the price is rising, this pair is under heavy selling pressure for the last 3-4 weeks. The tendency...
  • #319,714
  • Nov 4, 2010 8:06pm Nov 4, 2010 8:06pm
Quoting GulfCoastPip
Interesting. Can you post that indicator, I'd like to see what's behind it.
I PM'd asking that as well. I am a fan of OBV but don't actually trade using that indicator. It is my favorite though out of all technical indicators.
  • #319,715
  • Nov 4, 2010 8:11pm Nov 4, 2010 8:11pm
Haven't traded GU for a while but is anyone considering this setup?
Will of course wait til after NFP but it looks very tempting for at least a st pullback.
Attached Image (click to enlarge)
Click to Enlarge Name: gunov5.gif Size: 31 KB
  • #319,716
  • Nov 4, 2010 8:11pm Nov 4, 2010 8:11pm
Quoting fxcatty
I PM'd asking that as well. I am a fan of OBV but don't actually trade using that indicator. It is my favorite though out of all technical indicators.
fighting around DP. up or down?
  • #319,717
  • Nov 4, 2010 8:15pm Nov 4, 2010 8:15pm
Quoting yuan83
fighting around DP. up or down?
And monthly R1. It has been boucing at this level for the last 6+ hours. Bears need a close below 4190 first but then preferably 4170... bulls need a close above 4240 and then 4280 and then will have to see what 4300 holds for possible sell orders.
Today's zone = Tomorrow's opportunity!
  • #319,718
  • Nov 4, 2010 8:15pm Nov 4, 2010 8:15pm
Long @ 4200. SL 4160. TP TBD. Reason the area between 4185 and 4200 seems to be a stron demand zone. And I think we should retest the highs once before any significant drop.
Good morning, day or night for everyone. I'll be back in London to check the market.
  • #319,719
  • Nov 4, 2010 8:15pm Nov 4, 2010 8:15pm
Quoting courtt5
I am targeting 1.4035 by close of trading tomorrow
your missing a number.

.4135 maybe.
  • #319,720
  • Edited 8:23pm Nov 4, 2010 8:20pm | Edited 8:23pm
Quoting enterfx
Haven't traded GU for a while but is anyone considering this setup?
Will of course wait til after NFP but it looks very tempting for at least a st pullback.
Carefull. I'm playing the retest of the blue ascending channel broken to the upside to go long. GBP outperform every currency yesterday, it's momentum is very strong. I wouldn't short it yet.
My 2 cents.
Nice chart btw dude!!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 311 KB
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