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  • #324,181
  • Nov 11, 2010 11:15am Nov 11, 2010 11:15am
Well didn't have that fib line in my chart. I only have as a reference the weekly fib from the jun low to the high but the 38.2% is also at 1.336x and in the daily from the low august (which I dont use and trust) the 38.2% is at 1.362x and the 50% 1.343x.

More important than fibs there is not valid S until 1.33xx. Agree there is nothing much to provide S to the down side.

Quoting Sunsi
There is a fib level around 1.3520, from its big upmove. Exept from that, I don`t see much Either.
I don't have that level. What exactly are you looking at? Fib? S/r? and what timeframe thanks

Quoting Pipwanderer
i have 3607 as next support level but not too sure yet...i will wait for further confirmation
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #324,182
  • Nov 11, 2010 11:15am Nov 11, 2010 11:15am
eu move up now...
  • #324,183
  • Nov 11, 2010 11:17am Nov 11, 2010 11:17am
Thanks x pointing that out as I dont use MM.

sisse

Quoting infinitus
Hi Sisse,

I have a very significant Murrey Math Trading Line at 3428 on 4h chart (p=256) which is the +3/8 Line
Thanks. Yeap that monthly low is highlighted in my charts as a potential rejection but thats for a monthly play,

Quoting mokonni
Last month low at 1.3618

Weekly Pivot S3 at 1.3418
Pending conversations? PM for a chat...I am mainly in OTM now
  • #324,184
  • Nov 11, 2010 11:17am Nov 11, 2010 11:17am
Quoting gatorinla
never trade when your tired..
That is so true! I should realy call it a night now, just want a little bullish USD action first!
  • #324,185
  • Nov 11, 2010 11:17am Nov 11, 2010 11:17am
Quoting sisse
Can you see anything (Support) below that 3636 because I cant find anything below that level in daily or weekly charts until 33xx. A washout sell is very posible if it doesnt react (but it has already broken the last 3 daily S levels and 3636 seems to be very weak).

Let see.

sisse

3509 is a big support (50fib 5147-1875) and 3465 (38 fib 6037-1875)....lot of congestion till these levels break.
  • #324,186
  • Nov 11, 2010 11:19am Nov 11, 2010 11:19am
Quoting KillerWhale
This was the biggest trade I ever made!
In for $700,000 yes 7 lots and I've never traded more than 2.
Lol and yes it was a success.

I am so happy, don't think I can sleep now but I need to.

Shamu

well done mate, well done

you should not even think about sleep
  • #324,187
  • Nov 11, 2010 11:20am Nov 11, 2010 11:20am
Quoting fisingfx
eu move up now...
it might try to test that trendline check my post earlier..may be just for scalping a few but not long term..just my 2 cents
  • #324,188
  • Nov 11, 2010 11:21am Nov 11, 2010 11:21am
Quoting fisingfx
eu move up now...
not really, i can see that the channel has changed it's angle downwards, getting steeper.
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  • #324,189
  • Nov 11, 2010 11:23am Nov 11, 2010 11:23am
Quoting SkyzerFX
And I don't agree, Low it's either here at 38.2 FIB or 50.0 FIB at 1.3464

If this not hit by Friday close, which I think it won't, then we

will rebound from here. IMHO.
here is what created your fibs.. good old 0.858 chart. . what came first? the chicken or the egg?
Attached Image
those who can, do. those who cant, talk about those who can
  • #324,190
  • Nov 11, 2010 11:24am Nov 11, 2010 11:24am
Quoting sisse
Well didn't have that fib line in my chart. I only have as a reference the weekly fib from the jun low to the high but the 38.2% is also at 1.336x and in the daily from the low august (which I dont use and trust) the 38.2% is at 1.362x and the 50% 1.343x.

More important than fibs there is not valid S until 1.33xx. Agree there is nothing much to provide S to the down side.



I don't have that level. What exactly are you looking at? Fib? S/r? and what timeframe thanks



sisse
you can find som support there..

p.s its H4 chart
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  • #324,191
  • Nov 11, 2010 11:24am Nov 11, 2010 11:24am
Quoting sisse
Thanks x pointing that out as I dont use MM.

sisse



Thanks. Yeap that monthly low is highlighted in my charts as a potential rejection but thats for a monthly play,
Just see MM , H4 & H1 tf dealing with 0/8mm in the under shoot area if not bounce back over the line 3671 & hold same level also 4/8 mm daily as majore sr once down very difficult break again & price typically trverse from 3/8 bottom trading zone , next Daily 3/8 bottom trading line & some down may come in target 3426-3365, .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #324,192
  • Nov 11, 2010 11:24am Nov 11, 2010 11:24am
Quoting DudeSepii
Lol, don't hold up much hope for it if it can't hold above key murrey level 3671, may just turn into a counter trend scalp...
  • #324,193
  • Nov 11, 2010 11:29am Nov 11, 2010 11:29am
gold starting to look weak....maybe a failed 5th?
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  • #324,194
  • Nov 11, 2010 11:30am Nov 11, 2010 11:30am
Now I have a collection of S from FF to analyze in my charts. I will have to do my homework and at least map my areas to the downside ...

I must admit it took me by surprise the speed of the move this week + I wasnt prepared to have a plan to the other side. I did expect a pullback but not a break to LL in the daily.

Thanks to all for your views on Supports
sisse


Quoting mfoste1
3509 is a big support (50fib 5147-1875) and 3465 (38 fib 6037-1875)....lot of congestion till these levels break.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #324,195
  • Nov 11, 2010 11:31am Nov 11, 2010 11:31am
Quoting mfoste1
gold starting to look weak....maybe a failed 5th?
Would have been great. In my opinion it is the gold who is slowing down the $ strengh as it is now.
  • #324,196
  • Nov 11, 2010 11:33am Nov 11, 2010 11:33am
Great to See the trader ........

TheLastCoke's .......... How you doing sir???
  • #324,197
  • Nov 11, 2010 11:36am Nov 11, 2010 11:36am
In the runup to the summit many of Washington's G-20 partners, particularly Germany, had voiced irritation at the move by the Federal Reserve to pump $600 billion (€437 billion) of new money into the American economy.

But a US proposal to limit trade surpluses to 4 percent of gross domestic product was flatly rejected by Germany, the world's second largest exporter after China.

United States can do for the world economy is grow," he told a news conference, "because we continue to be the world's largest market and a huge engine for all other countries to grow."

The G-20 cannot end the dispute (between surplus and deficit nations) because the interests of the US and the exporting nations China and Germany differ too widely. But it's only the G-20 that can alleviate the dispute -- if every nation takes responsibility."

G20 Extracts
  • #324,198
  • Nov 11, 2010 11:42am Nov 11, 2010 11:42am
Attachment http://i522.photobucket.com/albums/w343/fising/eu.gifjust my personal view...see diagonal pattern at wave 5... maybe eu progress to complete subwave a..1.3750
  • #324,199
  • Nov 11, 2010 11:44am Nov 11, 2010 11:44am
http://www.aroundfx.com/news/worries...ys-sell-eurusd

“The Eurozone has begun its collapse a little later than we thought. My compliments to the political prowess of the euro-leaders for holding things together for so long, but this is an impossible situation and the crisis is on its way,” he wrote in a note to on Thursday. FX Concepts is the world’s largest currency hedge fund and Taylor has been calling for an extension of the global economic crisis throughout the year. “The euro, which has been perceived as if it were a German mark, has already topped and will decline until it is priced like an Italian lira in the next few months,” Taylor wrote. Strategists at FX Concepts expect EUR/USD to form a double top in the coming weeks. “[The euro] should form a low on Thursday and then turn higher and begin at least a weak rally into the week of November 22 and possibly several weeks longer. It can climb back up to the 1.4100 area and we consider this a good place to sell. It should then resume its downtrend,” they said.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #324,200
  • Nov 11, 2010 11:45am Nov 11, 2010 11:45am
Quoting gatorinla
here is what created your fibs.. good old 0.858 chart. . what came first? the chicken or the egg?
Thx for the chart, hope skyzer finds it useful
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