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EURUSD

  • #326,681
  • Nov 16, 2010 5:51am Nov 16, 2010 5:51am
If u keenly observe the eur/usd H1 chart, you'll see that this is the fifth consecutive hour that the body of a candlestick is being formed below the middle bollinger. Thus the middle bollinger acting as a strong support. The bulls and the bears may be struggling to outdo each other but the bears will eventually win. Target 1.3520 by the time US closes. Thats MHO.
  • #326,682
  • Nov 16, 2010 5:51am Nov 16, 2010 5:51am
If the blue support line gives, we could see 5819 first then a retrace to the blue support line then a final target of 5633.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 22 KB
  • #326,683
  • Nov 16, 2010 5:59am Nov 16, 2010 5:59am
I think a bottom is in for the Euro. We are not moving down anymore. I thought Asia would push it to the 1.3480 area but they couldn't. Now will be the time to take a long position. If 1.3480 get taken out then I'm out of the position.
Prices are never too high to begin buying or too low to begin selling.
  • #326,684
  • Nov 16, 2010 6:00am Nov 16, 2010 6:00am
This PA reminds me a lot of last Friday leading up to the economic data release...
  • #326,685
  • Nov 16, 2010 6:01am Nov 16, 2010 6:01am
Just gone short right @ 600

  • #326,686
  • Nov 16, 2010 6:03am Nov 16, 2010 6:03am
Attached Image (click to enlarge)
Click to Enlarge Name: ex.jpg Size: 112 KB
  • #326,687
  • Nov 16, 2010 6:03am Nov 16, 2010 6:03am
DAX futures down 0.4%, CAC 40 futures down 0.9%.
Risk aversion climbing. Market all in a tizzy over China monetary policy and prospect of more tightening. Will be weighing on EUR/USD which has slipped back to 1.3580 at writing. As mentioned earlier barriers touted at 1.3550, stops through 1.3545.
Middle Eastern sovereign buying has been noted on recent dips (yesterday). Will be interesting to see whether they’re still sniffing about. And as mentioned Korea intervened overnight in USD/KRW, so they might well turn up on the bid.


Source www.forexlive.com
  • #326,688
  • Nov 16, 2010 6:04am Nov 16, 2010 6:04am
Quoting Merry
Just gone short right @ 600

also go short at 620 and keep cashing in 20-40 pips at 80 till it breaks
making green pips large and red pips small this is my goal.
  • #326,689
  • Nov 16, 2010 6:04am Nov 16, 2010 6:04am
Uptrend is starting. GL with buys
  • #326,690
  • Nov 16, 2010 6:06am Nov 16, 2010 6:06am
Quoting PipChick
If the blue support line gives, we could see 5819 first then a retrace to the blue support line then a final target of 5633.
OOPS..I just realized that I posted the GU chart in the EU thread. Sorry.
  • #326,691
  • Nov 16, 2010 6:07am Nov 16, 2010 6:07am
Quoting PipChick
OOPS..I just realized that I posted the GU chart in the EU thread. Sorry.
Can i have your system?
  • #326,692
  • Nov 16, 2010 6:08am Nov 16, 2010 6:08am
Quoting Fr3ed0x
Can i have your system?
I dont really have a system.
  • #326,693
  • Nov 16, 2010 6:08am Nov 16, 2010 6:08am
option expiry at 1.3600 due 1500bst maybe movement after that.
I'am not sure what the effects of this are.
making green pips large and red pips small this is my goal.
  • #326,694
  • Nov 16, 2010 6:10am Nov 16, 2010 6:10am
Quoting PipChick
I dont really have a system.
Can i have your template that you used in the screenshot + the indicators then?
  • #326,695
  • Nov 16, 2010 6:13am Nov 16, 2010 6:13am
Attached..the other two are just the CCI and stochs.
Quoting Fr3ed0x
Can i have your template that you used in the screenshot + the indicators then?
Attached File(s)
File Type: mq4 MACD Adjustable.mq4   4 KB | 307 downloads
File Type: mq4 Ind_TD_DeMark_3_1_LA_Mod_03B_AIME.mq4   22 KB | 292 downloads
  • #326,696
  • Nov 16, 2010 6:15am Nov 16, 2010 6:15am
Quoting PipChick
If the blue support line gives, we could see 5819 first then a retrace to the blue support line then a final target of 5633.
GOOD CHART, thx pipchick.

There is lots of pressure down constant sell orders coming a of now, lets see if it works out
  • #326,697
  • Nov 16, 2010 6:19am Nov 16, 2010 6:19am
Quoting Fr3ed0x
Uptrend is starting. GL with buys

Long @ 530 - 40 will be ok

  • #326,698
  • Nov 16, 2010 6:23am Nov 16, 2010 6:23am
Let's see if we can get another ride down from here...

Did work a few times now
  • #326,699
  • Nov 16, 2010 6:27am Nov 16, 2010 6:27am
Quoting Merry
Long @ 530 - 40 will be ok

seems difficult to get there atm
OPPORTUNITY LIES WHERE THE MAJORITY IS AFRAID TO GO....
  • #326,700
  • Nov 16, 2010 6:29am Nov 16, 2010 6:29am
Quoting Merry
Long @ 530 - 40 will be ok

im long from 1.35835
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