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EURUSD

  • #326,621
  • Nov 16, 2010 4:10am Nov 16, 2010 4:10am
why short there is a dble bottom forming around 74 needs to break that before i would go short
  • #326,622
  • Nov 16, 2010 4:14am Nov 16, 2010 4:14am
Quoting Mr Hatch
yeah, it's over now. 1.5, we're coming.

that economic sentiment has raised by a factor of 7.6666 compared to the last value... doesn't that make you thinking?
Makes me think why did they not use that to break higher if they really do want to go higher just 20 pip fakey so far.
making green pips large and red pips small this is my goal.
  • #326,623
  • Nov 16, 2010 4:16am Nov 16, 2010 4:16am
Quoting paul1
Thankyou very much paul even though you have not been on this forum so long i can tell from your post your well educated in the fundamentals.
Unlike some, I judge people on the content of there posts not how long they been a member or the amount of vouches .
Again thankyou for your explanation.
Thank you, paul1; I could not trade fixed income, even scalping without a bit of fundamental knowledge.
  • #326,624
  • Nov 16, 2010 4:17am Nov 16, 2010 4:17am
Quoting paul1
Makes me think why did they not use that to break higher if they really do want to go higher just 20 pip fakey so far.
Considering how good the news was, if this does not move this pair up significantly then it is fairly good argument to short.
  • #326,625
  • Nov 16, 2010 4:17am Nov 16, 2010 4:17am
In my books, It will need to reject at least hourly lows before any real attempt to move to 1.368x. The boat is full of bears so.

sisse
Quoting paul1
Makes me think why did they not use that to break higher if they really do want to go higher just 20 pip fakey so far.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #326,626
  • Nov 16, 2010 4:21am Nov 16, 2010 4:21am
Quoting kuroro001
3mn before the EU news...you're a real player!

Quoting kuroro001
3mn before the EU news...you're a real player!
The true is that I didn't noticed there are important news coming. How f**ked up is that!

Back to the square 1. How can I delete all my vouches?

Advisory call:

Include me in your Ignore List.
  • #326,627
  • Nov 16, 2010 4:22am Nov 16, 2010 4:22am
Quoting moonchild
Considering how good the news was, if this does not move this pair up significantly then it is fairly good argument to short.
While the EUR data is surprisingly good I guess the UK DLCG house prices 6.1% instead of the expected 8.9% keeps bulls at bay. House owners will be feeling poorer, not going to spend as freely...and the rest of fundamental argument follows.

Just a guess, which does not argue for or against your reasoning.
  • #326,628
  • Nov 16, 2010 4:26am Nov 16, 2010 4:26am
Quoting Larseg
Hehe, that is funny... Even though he's lying there's always someone who it actually has happened to...
hilariuos. lOL
  • #326,629
  • Nov 16, 2010 4:27am Nov 16, 2010 4:27am
I have updated the counts for Gold and EURUSD on my blogs (which can be accessed through my signature).

I stand to my main count, which places us in a wave 2 flat correction. Wave C of this flat might have started with a Leading Diagonal as subwave 1, followed by a deep retracing subwave 2. Keep in mind: Wave 2's following a Leading Diagonal almost always retrace very deep.

Targets for this wave 2 are 3686 (62% fib extension), 3733 (MMTL +1/8 1h chart p=256) or 3765 (100% fib extension)


Which alternatives do we have:

a) EURUSD has topped and is now in a combination of 1-2, 1-2's down. Go to Elliott Wave International to see their preferred count. This count I have as my top-alternative count.

b) EURUSD has topped and the wave red "b" in my chart above is not part of a flat correction but a wave 5 ending diagonal. This would put us into a wave 2 now, which could retrace very high. Common targets would be 3916 or 3977 or 4038

This count seems to be OK and countable (albeit a little bit of headache in the middle part - if I get time I will present a count). When wave 2 retraces above 3765 I will consider this count more.


c) EURUSD has not topped yet and the wave down is part of a broad wave 4 correction.
Maybe this wave 4 has ended at 3597 last night, or will extend further to the downside. This count is doable too. But I consider it as the alternative which is least likely. Sentiment data does not support such a count.
  • #326,630
  • Nov 16, 2010 4:37am Nov 16, 2010 4:37am
Planning for short @1.3635 area..... any one looking the same???
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  • #326,631
  • Nov 16, 2010 4:40am Nov 16, 2010 4:40am
Well a zone formed... Buy at low, sell at high... In this case not- to narrow...

What did Moe really go broke??
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  • #326,632
  • Nov 16, 2010 4:41am Nov 16, 2010 4:41am
irish spreads about 10bp higher near 550 if anyone cares....
Look Sharp/Trade Tight
  • #326,633
  • Nov 16, 2010 4:43am Nov 16, 2010 4:43am
charts <3 Im in l0v3 w1t4 th3m!
  • #326,634
  • Nov 16, 2010 4:45am Nov 16, 2010 4:45am
Quoting Munal
Planning for short @1.3635 area..... any one looking the same???


I am long as per my earlier chart -
http://www.forexfactory.com/showthre...23#post4175323

I could be wrong, but hey... not everyone is right all of the time.
  • #326,635
  • Nov 16, 2010 4:46am Nov 16, 2010 4:46am
Quoting bbakker


I am long as per my earlier chart -
http://www.forexfactory.com/showthre...23#post4175323

I could be wrong, but hey... not everyone is right all of the time.
have u notice a leaned M pattern or 1-2-3- reversal formation. If it hadnt been for the news we would have already hit 3560.

But ok.
  • #326,636
  • Nov 16, 2010 4:47am Nov 16, 2010 4:47am
cable already broke lower maybe we follow.
making green pips large and red pips small this is my goal.
  • #326,637
  • Nov 16, 2010 4:49am Nov 16, 2010 4:49am
556 now...
Look Sharp/Trade Tight
  • #326,638
  • Nov 16, 2010 4:49am Nov 16, 2010 4:49am
Quoting T@rantula
have u notice a leaned M pattern or 1-2-3- reversal formation. If it hadnt been for the news we would have already hit 3560.

But ok.
No. I trade using supply and demand zones. Everything else is a confluence. There are many different ways of trading and this is the way that I have been taught.

I wish you success with your trading.
  • #326,639
  • Nov 16, 2010 4:51am Nov 16, 2010 4:51am
Quoting bbakker
No. I trade using supply and demand zones. Everything else is a confluence. There are many different ways of trading and this is the way that I have been taught.

I wish you success with your trading.
Aw ok no problem. I wish u success too.
  • #326,640
  • Nov 16, 2010 4:52am Nov 16, 2010 4:52am
I would be worry at these 'too many attempt to go higher on H1'
I don't like seeing inverted hammer on a bottom and no follow through.

Time will tell anyway...i am still covering a short.
But it will be out if we clear Frankie's low.
COT: The precious data ignored
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