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  • #328,261
  • Nov 18, 2010 4:40am Nov 18, 2010 4:40am
This would be a wonderfull butterfly.
Beautifull confluince at all points.
In fact i will trade it.
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  • #328,262
  • Nov 18, 2010 4:40am Nov 18, 2010 4:40am
Quoting Fudomyo
Hi Dee

typically yes, I wouldn't expect much higher, R2 was my upside target for Europe session.

considering we have US Unemployment Claims coming up later and MS1 is less than 30 pips off the previous high, it's potentially within range.

have to see how far we pullback off the last move. if we close back below 3600, not as likely.
Thank you

Yes, I agree, the US unemployment numbers will probably provide a push one way or the other. I guess in the meantime, we are treading water until some more definite news emerges re Ireland and the others.

Out of interest, do you mainly use pivot points for your targets or do you combine with fibs etc?

Have a great day!
  • #328,263
  • Nov 18, 2010 4:43am Nov 18, 2010 4:43am
Quoting Forexfsa
Swiss ZEW investor sentiment -30.9 in November


Worse than -27.5 in October

Wow! Have you got any bigger letters you could use?
  • #328,264
  • Nov 18, 2010 4:45am Nov 18, 2010 4:45am
Quoting longshot_nl
This would be a wonderfull butterfly.
Beautifull confluince at all points.
In fact i will trade it.
How do you get the butterfly pattern- the target side..?
  • #328,265
  • Nov 18, 2010 4:47am Nov 18, 2010 4:47am
Quoting Vladimir1987
How do you get the butterfly pattern- the target side..?
Check levels with fibs.
http://www.harmonictrader.com/price_patternsbfly.htm
look for confluince.
  • #328,266
  • Nov 18, 2010 4:50am Nov 18, 2010 4:50am
Barclays Capital thoughts on the cross. Always interested to hear what BarCap have to say. They feel cross will range trade between 1.32-1.36, and their bias is to sell rallies within these parameters.
  • #328,267
  • Nov 18, 2010 4:55am Nov 18, 2010 4:55am
Quoting egkid
Have u been in Egypt bro?
Quoting dbfusion
I am 100% Egyptian brother .
i am Egyptian too , from Agouza
  • #328,268
  • Nov 18, 2010 4:57am Nov 18, 2010 4:57am
Quoting seawinde
i am Egyptian too , from Agouza
pharaohs started showing up from your hiding areas
I SEE YOU !!
  • #328,269
  • Nov 18, 2010 4:57am Nov 18, 2010 4:57am
eu and gu have been sold today

confirmation of lack of demand at the moment before they head south

watching out for employment number
Mind over matter..I don't mind and you don't matter.
  • #328,270
  • Nov 18, 2010 4:57am Nov 18, 2010 4:57am
may also be a crab but did like the butterfly better since it has confluince with 50% fib.
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  • #328,271
  • Nov 18, 2010 4:58am Nov 18, 2010 4:58am
Japan’s EconMin Kaieda: Can’t say that yen has weakened enough recently
  • #328,272
  • Nov 18, 2010 5:02am Nov 18, 2010 5:02am
Quoting seawinde
i am Egyptian too , from Agouza http://cdn.forexfactory.com/images/s...m/big_grin.gif
Cool
Quoting dbfusion
pharaohs started showing up from your hiding areas
  • #328,273
  • Nov 18, 2010 5:03am Nov 18, 2010 5:03am
Now it did not touch 3608 and trying to over 3633 line.
if it passes through it, its bull trend.
Anyway I already have 3640 long position.
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  • #328,274
  • Nov 18, 2010 5:09am Nov 18, 2010 5:09am
Nice breakout potential on the H1 downtrend channel from the 1.428 peak. Am a little surprised to see the bullish EUR continuation from the Asia session - that along with a possible bullish NY session are rare. Note S&P futures are positive too, and while that can change, there should be at least temporary US equity giddiness over the scam that is the GM IPO.

EUR should head down and retrace for a bit here, but if we see a Irish bailout deal, esp. with IMF participation, we should be looking to head up; are already seeing that with the CDS rates.

840 pips down in about 2 weeks is significant. A large part of it was due to Ireland; if that's getting resolved (one crisis at a time please), a 1.39 revisit would not be out of the question. A few hundred pips is nothing to the big boys, and at some point, they will need to load up more shorts, or continue the trek up.

There's lots of support +/-50 pips of the 1.35 line IMO. It was evident down below 1.35, that buying was back. (think I posted that). Gotta get some shuteye for NY, but will look to post another weekly view later that may show a 1.345 bottom is in, fundamentals permitting.
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  • #328,275
  • Nov 18, 2010 5:10am Nov 18, 2010 5:10am
Quoting kolz
Now it did not touch 3608 and trying to over 3633 line.
if it passes through it, its bull trend.
Anyway I already have 3600 long position.
imho

if it passes through and goes to 3670 its a bull trap .

just mho.
I SEE YOU !!
  • #328,276
  • Nov 18, 2010 5:10am Nov 18, 2010 5:10am
Bull flag forming,
will enter @ 3606 TP 3705 where i will go short.

good luck
  • #328,277
  • Nov 18, 2010 5:13am Nov 18, 2010 5:13am
sorry but Ireland is in risk...Greece and Portugal is not much better, even if they got help someone need to print money or am I wrong? In any case these 3 country are in trouble, it seems it is just a way to move the problem in the future. Can someone give mi some further explanation pls? tks
  • #328,278
  • Nov 18, 2010 5:19am Nov 18, 2010 5:19am
Anyone notice this line from H4 chart TL 1.428?
This is annoying!
I colse my long for that now.
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  • #328,279
  • Nov 18, 2010 5:19am Nov 18, 2010 5:19am
Quoting Beljevina
Nice breakout potential on the H1 downtrend channel from the 1.428 peak. Am a little surprised to see the bullish EUR continuation from the Asia session - that along with a possible bullish NY session are rare. Note S&P futures are positive too, and while that can change, there should be at least temporary US equity giddiness over the scam that is the GM IPO.

EUR should head down and retrace for a bit here, but if we see a Irish bailout deal, esp. with IMF participation, we should be looking to head up; are already seeing that with the CDS...
Hi brother
Good day to u.
Yes that why i watching and Interested to know if TP hit before NY
  • #328,280
  • Nov 18, 2010 5:21am Nov 18, 2010 5:21am
it might be helpful this kind of embroidery chart view, sorry for incorrect numbers.
rgrds
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