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  • #320,421
  • Nov 6, 2010 6:55am Nov 6, 2010 6:55am
Thanks mate. Any one for Undo Move also ?

Quoting Wgold2
charts tab->objects for undo delete
Disclaimer: Check your 1m charts
  • #320,422
  • Nov 6, 2010 7:04am Nov 6, 2010 7:04am
Clues in Monthly Candles for Long trade. Gap up sunday should confirm
Attached Image (click to enlarge)
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Disclaimer: Check your 1m charts
  • #320,423
  • Nov 6, 2010 7:18am Nov 6, 2010 7:18am
Quoting pipper
Clues in Monthly Candles for Long trade. Gap up sunday should confirm
Who knows?
weekly ended with a pin at 150 ema around 61 Fibo
daily a bearish bar and still some room to the TL and a massive divergence
h4 a broken pin and closed below the TL

who knows ?

Peter
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Jesus Christ is my only Lord !
  • #320,424
  • Edited 8:06am Nov 6, 2010 7:38am | Edited 8:06am
Quoting pipper
Sunday should be fun

Important level (1.4020 area) - Cyan Trendline from 1990

Looking for more upside but if it breaks down long @ 1.3650
Pipper, agree on your analysis that 4020 is a key level (shorter time frame perspective also)...
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  • #320,425
  • Nov 6, 2010 7:46am Nov 6, 2010 7:46am
Quoting pipper
Clues in Monthly Candles for Long trade. Gap up sunday should confirm
You got that right plus even if this was the High you can only count 5 waves down with no retrace so we are either completed wave 1 or are near completion, that means we will get either the completion of wave 5 up 1.4438 or a failed wave 5 & instead a wave 2 so we can start the move down.
  • #320,426
  • Nov 6, 2010 9:11am Nov 6, 2010 9:11am
Quoting Allseeingeye
You got that right plus even if this was the High you can only count 5 waves down with no retrace so we are either completed wave 1 or are near completion, that means we will get either the completion of wave 5 up 1.4438 or a failed wave 5 & instead a wave 2 so we can start the move down.
Not see either wave 1?/2? or 5 th completed yet .anyway not much emphasis now on the overlapping if down further 4010 or at 3951.
lets see
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #320,427
  • Nov 6, 2010 9:14am Nov 6, 2010 9:14am
this chart says it all

euro cds spreasds widening and forming divergence with eu . weakness on weekly and top reversal on daily

If we see 4150 again would be greta place to sell for a 800 to 1000 pip trade

Attached Image
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  • #320,428
  • Nov 6, 2010 9:24am Nov 6, 2010 9:24am
Quoting FibbinArchie
Great post Hatch, thanks for sharing.

I'm gonna take the liberty to add this -

If you're relatively new to this (under 2 years), then your focus should be on learning how to trade and not on the money. Once you have learned how to trade correctly (which incidentally will be ongoing throughout your career), then the money will come as a by product.

I managed to walk away yesterday +40 pips, but I pulled victory from the jaws of defeat only by doubling my usual position size once the market had moved against me, risky and stupid.

Although...

well said.. how long u been trading?
  • #320,429
  • Nov 6, 2010 9:36am Nov 6, 2010 9:36am
Quoting malcolmb14
this chart says it all

euro cds spreasds widening and forming divergence with eu . weakness on weekly and top reversal on daily

If we see 4150 again would be greta place to sell for a 800 to 1000 pip trade

Attachment
chart to bakc up the claim

NOw I am NOT saying this is just going to roll over and drop into 3600 next week. It is possible... but tops after a large up move need time to distribute and for smart money to get into their sell positions.

we may be in some form of sideways channel for a bit 4100 top , 3730 bottom ( RIGHT TONYO !! )

The critical thing for this week is to have a lower high than last week indicating a potential rounded / v top is forming on the weekly

Attached Image (click to enlarge)
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  • #320,430
  • Nov 6, 2010 9:46am Nov 6, 2010 9:46am
Quoting yuan83
well said.. how long u been trading?
Thank you.

Been trading FX since the 08 crash, so about 2 years (took redundancy and went full time a year ago this month), was trading FTSE small and mid caps part time for a few years prior to that.
  • #320,431
  • Nov 6, 2010 10:02am Nov 6, 2010 10:02am
how much does bloomberg tradebook cost?
  • #320,432
  • Nov 6, 2010 10:28am Nov 6, 2010 10:28am
This leg up looks like failed impulsive wave, and there's a bearish divergence on daily, price almost came to weekly resistance 1.4300 which is very strong resistance. Gartley says down too.

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But, i think, first we gonna bounce up from these support lines /atleast for a retracement/, near is trendline, and right now price is on 61% fibo and support line.

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  • #320,433
  • Nov 6, 2010 10:31am Nov 6, 2010 10:31am
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  • #320,434
  • Edited 11:12am Nov 6, 2010 11:01am | Edited 11:12am
Quoting malcolmb14
this chart says it all

euro cds spreasds widening and forming divergence with eu . weakness on weekly and top reversal on daily

If we see 4150 again would be greta place to sell for a 800 to 1000 pip trade

Attachment
Not understand it I confess & also as to how go that low but anything can possible as always .

checked eu ew counts & now usdx ew , they just mirror image . providing no extra weakness from any side fundamentally & of extreme sudden type they should go parallel & in that usdx bull seems on extention /adrenaline /by chance before bear continuation though I bet before for further up weekly close if such happen during next market open of the last one,usdx may go at & above 76.97/77 weekly close tl by any miracke & eu then down more , having possibility not any high.

lets see what change it does in future .
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #320,435
  • Nov 6, 2010 11:10am Nov 6, 2010 11:10am
Quoting fontu
Not understand it I confess & also as to how go that low but anything can possible as always .

checked eu ew counts & now usdx ew , they just mirror image . providing no extra weakness from any side fundamentally & of extreme sudden type they should go parallel & in that usdx bull seems on extention /adrenaline /by chance before bear continuation though I bet before for further down having possibility not any high.

lets see what change it does in future .
fontu
when spreads on credit defualt swaps widen it means that not all is well in the euro zone

The fomnc got sold , then spike up toi 1.4250 area got hit HARD by sellers , one more little bounce to test 4100 to 4150 and if this gets hit with sellers then it could be time for good reatrce on euro

as to the 1.33 target 1.3500 is bottom of weekly trend channel so most liekly target for now , IF 3920 is taken out then euro becomne VERY bearish as there has been a ton of selling off the 1.3980 to 3920 zone.

The fomc spike up looks like a shake out of weak longs and certianly got hit hard by sellers over a 48 hour period.

Overall i am pretty bearish eu and do nto see much to be bullish about just yet
Blogging daily now at www.volume.zone
  • #320,436
  • Nov 6, 2010 11:21am Nov 6, 2010 11:21am
do you have any ideas ???
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A chart helps those who can read it.
  • #320,437
  • Nov 6, 2010 11:22am Nov 6, 2010 11:22am
Quoting malcolmb14
when spreads on credit defualt swaps widen it means that not all is well in the euro zone

The fomnc got sold , then spike up toi 1.4250 area got hit HARD by sellers , one more little bounce to test 4100 to 4150 and if this gets hit with sellers then it could be time for good reatrce on euro

as to the 1.33 target 1.3500 is bottom of weekly trend channel so most liekly target for now , IF 3920 is taken out then euro becomne VERY bearish as there has been a ton of selling off the 1.3980 to 3920 zone.

The fomc spike up looks like a shake out...
Thanks , now more clear about possible reactions arround the levels , yes so I mentioned before ranging around top areas minimum 1 or more weeks to take place between shaking out , chill effects , extreme indecisons yet to continue ,football playing between hard sellers & buyers but in this range bear has a limit to fall out without reaction but bull perhaps no such boundaries hard enough to develop & so resultant bullish weeks before throughly shaking & stirring to liquify & drain out .

will wait see the play.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #320,438
  • Nov 6, 2010 12:19pm Nov 6, 2010 12:19pm
Quoting fontu
Thanks , now more clear about possible reactions arround the levels , yes so I mentioned before ranging around top areas minimum 1 or more weeks to take place between shaking out , chill effects , extreme indecisons yet to continue ,football playing between hard sellers & buyers but in this range bear has a limit to fall out without reaction but bull perhaps no such boundaries hard enough to develop & so resultant bullish weeks before throughly shaking & stirring to liquify & drain out .

will wait see the play.
fontu
agrred .. day by day .... tops do not form just overnight

btw check out eurjpy from about 5 months back on the daily .. massive rounded bottom ...
Blogging daily now at www.volume.zone
  • #320,439
  • Nov 6, 2010 12:19pm Nov 6, 2010 12:19pm
Hi everybody,

hope you all have a nice weekend.

I have put a side to my blog with a mid term count of SP500. In case of that you are interested, you can access it through my signature (EURUSD) or directly through http://singulorum001.blogspot.com/p/...term-view.html


Best to you all,

Markus
  • #320,440
  • Nov 6, 2010 12:28pm Nov 6, 2010 12:28pm
Good day traders

the possibility of a contractionary triangle eur usd in weeks each time are higher, the pair should correct at least until the trend line to form the wave finally break decisively ey this figure by the line bd
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