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EURUSD

  • #324,861
  • Nov 12, 2010 5:28am Nov 12, 2010 5:28am
$1.345 by days end?
  • #324,862
  • Nov 12, 2010 5:31am Nov 12, 2010 5:31am
Quoting Pipwanderer
hey gator what is r:r ratio oh that trade..if you dont mind me asking i think we are at a daily resistance but waiting for fibo levels to hit to make a decision
donno just depends when the banks stop trading the euro. i guess that depends on what time the war starts. im playing the sl by ear atm... im hoping to set it at 1.3
those who can, do. those who cant, talk about those who can
  • #324,863
  • Nov 12, 2010 5:32am Nov 12, 2010 5:32am
Quoting rookie001
well really ... turns out this fake Irish bailout story or whoever made it up has been playing us.
No.
There were already indications on the charts that a retrace from the drop was very likely to happen.

link:

1. http://www.forexfactory.com/showpost...stcount=324273
2. http://www.forexfactory.com/showpost...stcount=324297

All this bailout stories or news lag & at best will only serve to cloud your judgement lol. Price is king.
Thank You
  • #324,864
  • Nov 12, 2010 5:33am Nov 12, 2010 5:33am
Quoting wormboy
No.
There were already indications on the charts that a retrace from the drop was very likely to happen.

link:

1. http://www.forexfactory.com/showpost...stcount=324273
2. http://www.forexfactory.com/showpost...stcount=324297

All this bailout stories or news lag & at best will only serve to cloud your judgement lol. Price is king.
News and Rumor: The hindsight justification for price movement....
  • #324,865
  • Nov 12, 2010 5:34am Nov 12, 2010 5:34am
Quoting akhtergroup
$1.345 by days end?
you asking or quoting ?
  • #324,866
  • Nov 12, 2010 5:34am Nov 12, 2010 5:34am
Freaky Friday!!!!!!!!!! I love scalping this pa.
  • #324,867
  • Nov 12, 2010 5:34am Nov 12, 2010 5:34am
bounce to 3712. Its a fib
  • #324,868
  • Nov 12, 2010 5:35am Nov 12, 2010 5:35am
Quoting akhtergroup
$1.345 by days end?
some day
"If The Fool persists in his Folly he will become wise." - William Blake
  • #324,869
  • Nov 12, 2010 5:36am Nov 12, 2010 5:36am
Quoting rookie001
somebody playing us for real.
nope...

its already plan ..u just not aware on it...only yesterday Bank holiday make a daily bull trap where spoiled my plan...

just count 700pips at today low vs last week friday high?...cheers


http://www.forexfactory.com/showpost...stcount=321049
  • #324,870
  • Nov 12, 2010 5:43am Nov 12, 2010 5:43am
short TP 3640

Quoting DrLobo
bounce to 3712. Its a fib
  • #324,871
  • Nov 12, 2010 5:44am Nov 12, 2010 5:44am
Quoting grashid
nope...

its already plan ..u just not aware on it...only yesterday Bank holiday make a daily bull trap where spoiled my plan...

just count 700pips at today low vs last week friday high?...cheers


http://www.forexfactory.com/search.p...nduser&u=84206
you are bullish too right? well we ran into some resistance of 4h tf

it's like a fight here. weekly + 15 m against 4h and daily

who will win ? close call. but for now there are some bulls. that are respecting
it's really a very nice day
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #324,872
  • Nov 12, 2010 5:46am Nov 12, 2010 5:46am
When we have finished wave 1 down now and are in a wave 2 up, than the first wave up would be an impulse for a ABC correction or a zigzag for a ABC-flat correction.

Now let us see what we have got so far:

I can not count an clear impulse up. It depends on TF. Sometimes impulse, sometimes corrective.

On 15min TF I can count clear impulse structure, at 5 min it gets more corrective. On 30min the first wave up looks corrective, the second wave up looks impulsive.

What we see, is that the last move down reached territory of wave 1 up of the recent upmove.

Maybe we are developing here a leading diagonal to start the upward correction. It comes as 3-3-3-3-3 and it's waves want to appear as impulses. That would get us now in wave 5 of this Leading diagonal.

Keep in mind: The wave 2 following a leading diagonal will normally retrace deep. So hedge your bets once we have set up a high over 3746
  • #324,873
  • Nov 12, 2010 5:46am Nov 12, 2010 5:46am
Quoting grashid
nope...

its already plan ..u just not aware on it...only yesterday Bank holiday make a daily bull trap where spoiled my plan...

just count 700pips at today low vs last week friday high?...cheers


http://www.forexfactory.com/showpost...stcount=321049
bank holidays are always crazy.

it's still fighting here. 1.383 was my call. pullback has come to 60. if they break here. some hourly bulls come.
the break of 15m tl will kill the bulls
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #324,874
  • Nov 12, 2010 5:46am Nov 12, 2010 5:46am
this retrace from 3740 area was stopped at the 15m 200 ema the bounce from earlier's low. was a trigger point. they were lower then.. just under 74 last i checked. before move then i went to bed... atm they have risen to 77.5 and 27.5... i think i posted it.. if not oh well.. im to lazy to look...
those who can, do. those who cant, talk about those who can
  • #324,875
  • Nov 12, 2010 5:46am Nov 12, 2010 5:46am
This was why i was saying about having the best news feed you can afford .
Its obvious the rumor about ireland bail out was know earlier than the news i read at 10: 30 london.
explains the daily range over couple hours.

then news that its not true . at 11:00 london .
they started selling this at 10:50 london
retailers get the news later and before you know your maybe in a loser.
Luckily i was waiting for good short entry.
making green pips large and red pips small this is my goal.
  • #324,876
  • Nov 12, 2010 5:50am Nov 12, 2010 5:50am
Quoting rookie001
you asking or quoting ?
I think it will find its way down there today. Expected this temporary up-move to shake out late comers.

Only time will tell.

* There will be heavy spikes in the upward direction just in case someone decides to go short with a tight SL
  • #324,877
  • Nov 12, 2010 5:50am Nov 12, 2010 5:50am
just miss 20pips away from my initial target....
however i just miss a train where recovered with gold, AUD n few post with GU.

Still holdiing last short GU @1.62060 area at BE+300pips(5 decimal) n let c how it goes till end Nov.

Here is my weekly n i will observed carefully how it gonna close today as its very important to me to focus on it next week as well as GU. Maybe i will focus on GU more next week instead of EU..

Anyway i will update my view in my blog perhaps after today london close...

Happy weekend all and enjoy ur weekend

chiow

g
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  • #324,878
  • Nov 12, 2010 5:51am Nov 12, 2010 5:51am
Anyone feel the retrace to 3750 was based on the bailout ?
making green pips large and red pips small this is my goal.
  • #324,879
  • Nov 12, 2010 5:54am Nov 12, 2010 5:54am
Quoting grashid
just miss 20pips away from my initial target....
however i just miss a train where recovered with gold, AUD n few post with GU.

Still holdiing last short GU @1.62060 area at BE+300pips(5 decimal) n let c how it goes till end Nov.

Here is my weekly n i will observed carefully how it gonna close today as its very important to me to focus on it next week as well as GU. Maybe i will focus on GU more next week instead of EU..

Anyway i will update my view in my blog perhaps after today london close...

Happy weekend all and enjoy ur weekend

chiow

g...
the blue downtrend line you got is from the QE1.
in case of qe 1 we have erased all gains.

it doesn't get any better than that. charts don't lie people do
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #324,880
  • Nov 12, 2010 5:55am Nov 12, 2010 5:55am
Quoting DMA Trader
you are bullish too right? well we ran into some resistance of 4h tf

it's like a fight here. weekly + 15 m against 4h and daily

who will win ? close call. but for now there are some bulls. that are respecting
it's really a very nice day
nope. I am bear trader n i dun like bull. Only if i saw able to swing then only i go. Otherwise its not my food.

as i mentioned yesderday spoil my plan so no trading yet...still looking how today close then perhaps Monday NY or Tuesday asian i will decide...
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