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EURUSD

  • #328,761
  • Nov 18, 2010 5:28pm Nov 18, 2010 5:28pm
Quoting PipChick
Most people who call trades to an open forum lose (for many emotional reasons)
sure?
  • #328,762
  • Nov 18, 2010 5:29pm Nov 18, 2010 5:29pm
yes, true, in fact it may go as high as 1.3820 (which is another 150 pips from where we stand now) without losing it's bearish bias. a break there will be the signal that bulls took control and this move up is not just a correction but a continuation of the rally...

but we'll see...

Quoting Guitarfx
Yes, I agree but I think we're going further up first as detailed in previous posts. i think we'll drop to 1.33ish then up to 1.4+
Nihil Sine Deo.
  • #328,763
  • Nov 18, 2010 5:34pm Nov 18, 2010 5:34pm
Quoting T@rantula
sure?
What do you mean when you ask sure?
  • #328,764
  • Nov 18, 2010 5:37pm Nov 18, 2010 5:37pm
Quoting PipChick
What do you mean when you ask sure?
relax my lady nothing important.
  • #328,765
  • Nov 18, 2010 5:38pm Nov 18, 2010 5:38pm
Quoting T@rantula
relax my lady nothing important.
LOL..I am relaxed....was just wondering what you meant.
  • #328,766
  • Nov 18, 2010 5:38pm Nov 18, 2010 5:38pm
Quoting mercy seat
Eine mehr als berechtigte Frage! Since hours more or less only sissyish psychopaths and prattlers here ...
  • #328,767
  • Nov 18, 2010 5:40pm Nov 18, 2010 5:40pm
Quoting ammarmemon
If you don't mind, can you plz take out some time and explain the range trading method you use to trade. I really want to learn how you trade and how you make those ranges which you point out.

Regards.
Click on Cloggies profile. Do yourself a favour. if you dont understand something he says go to google then go back to his posts. You'll find hours, months and years of good fun and learning. Good luck.
All systems of divination, like music itself,work through patterns.
  • #328,768
  • Nov 18, 2010 5:42pm Nov 18, 2010 5:42pm
Quoting Scrat
yes, true, in fact it may go as high as 1.3820 (which is another 150 pips from where we stand now) without losing it's bearish bias. a break there will be the signal that bulls took control and this move up is not just a correction but a continuation of the rally...

but we'll see...
I agreed Scrat ... We are in a very special range. Looking to my daily graph i'm not confident on strong bear...as for now but today it's friday (here in europe) We could really made a nice up trend.... on time we will see....
  • #328,769
  • Nov 18, 2010 5:47pm Nov 18, 2010 5:47pm
Quoting PipChick
LOL..I am relaxed....was just wondering what you meant.
  • #328,770
  • Nov 18, 2010 5:49pm Nov 18, 2010 5:49pm
Quoting T@rantula
I tend to agree with you. As we already know forex is not centralized market, and trading depends on momentum.

We have a momentum bearish divergence forming on h1 also. Let me pull the chart
Attachment
so we should short it or long it??
  • #328,771
  • Nov 18, 2010 5:52pm Nov 18, 2010 5:52pm
Quoting ammarmemon
If you don't mind, can you plz take out some time and explain the range trading method you use to trade. I really want to learn how you trade and how you make those ranges which you point out.

Regards.
If i may add a general advice for a range trading. I will post about range trading when I have time but here are some general rules how I trade ranges.

In the end of a day ull be probably trading range. When PA loses momentum its called a MOMENTUM FADE OUT. We usually get caught in a range. Typical ranging patterns are: flat top triangle, flat bottom triangle, leaning triangle and horizontal channel. When u trade ranges you dont trade in the direction of market motion. Its an agressive approach.

I usually search for bounces off range boundaries and fake breakouts. I never trade inside leaning triangles as it gives us less profit because the range tightens.

I only trade horizontal channel range as far as range trading goes.
I Search for reversal formations in the range boundaries. PA usually tends to gravitate to a central range., midsection. I establish the channel range then I look for reversal off the s/r levels.
  • #328,772
  • Nov 18, 2010 5:54pm Nov 18, 2010 5:54pm
Quoting behman8850
so we should short it or long it??
At this time Id do nothing. Ill be sleeping during Asia. Ill post chart before London opening.
  • #328,773
  • Nov 18, 2010 5:55pm Nov 18, 2010 5:55pm
Quoting dswk
I agreed Scrat ... We are in a very special range. Looking to my daily graph i'm not confident on strong bear...as for now but today it's friday (here in europe) We could really made a nice up trend.... on time we will see....
The problem that I see with a sustained uptrend is the fact that problems with Greece, and if not Greece then Ireland, and if not Ireland then Portugal or Spain or Italy, keep showing up and they are going to keep knocking the € down.

I think that we have seen the tip of the iceburg only and that more and more and larger and larger problems are going to appear. The USD is in worse shape, although that would seem hard to believe, but they are better at hiding the depth of the problem (so is the EZ to a large extent) and have the immense advantage of being the reserve currency. The USD along with CHF and to some extent JPY, is viewed as a safe haven currency so that the USD strengthens if there is bad news for EU OR FOR USD. These are huge advantages and particularly so when most of the developed world is in financial trouble.
  • #328,774
  • Nov 18, 2010 5:57pm Nov 18, 2010 5:57pm
Quoting T@rantula
At this time Id do nothing. Ill be sleeping during Asia. Ill post chart before London opening.
I want to know the meaning of Bearish Divergence as shown by you. Will it go down is that what you mean?? on your chart arrow showing downside!!
  • #328,775
  • Nov 18, 2010 5:58pm Nov 18, 2010 5:58pm
EW Counts on my blog updated. See pics there


This morning my main count got invalidated with the move over 3642. Blue 4 ran over the endpoint of wave 2.

That leaves us with two counts plus one new idea.

See charts and comments on them:
  • #328,776
  • Nov 18, 2010 5:59pm Nov 18, 2010 5:59pm
Quoting behman8850
I want to know the meaning of Bearish Divergence as shown by you. Will it go down is that what you mean?? on your chart arrow showing downside!!
Its a classic bearish divergence opposed by a hidden bullish on the same TF.

Its a POSSIBLE cue for a direction. I need additional information to post a trade.

relax. U will have ur chance.
  • #328,777
  • Nov 18, 2010 6:03pm Nov 18, 2010 6:03pm
Quoting T@rantula
I tend to agree with you. As we already know forex is not centralized market, and trading depends on momentum.

We have a momentum bearish divergence forming on h1 also. Let me pull the chart
Attachment
sorry but you need to update yourself on how divergence works and how to draw the lines. dont use the div indicators as they fake a lot. on the chart we actually have bullish hidden div that outplays your questionable bearish div..

Attached Image
  • #328,778
  • Nov 18, 2010 6:03pm Nov 18, 2010 6:03pm
Quoting T@rantula
Its a classic bearish divergence opposed by a hidden bullish on the same TF.

Its a POSSIBLE cue for a direction. I need additional information to post a trade.

relax. U will have ur chance.
thank you sir.
  • #328,779
  • Nov 18, 2010 6:07pm Nov 18, 2010 6:07pm
Quoting frankiev2
sorry but you need to update yourself on how divergence works and how to draw the lines. dont use the div indicators as they fake a lot. on the chart we actually have bullish hidden div that outplays your questionable bearish div..

Attachment
sorry but no sorry.

I have my own methods.

good luck. I compare 5 different divergences including OBV divergence.
  • #328,780
  • Nov 18, 2010 6:12pm Nov 18, 2010 6:12pm
Some here are being hostile towards other posters and it is getting out of hand. I don't have the authority to check them but I wish that someone that does will do it soon. I just went through too many totally worthless pages of nothing but insults and personal attacks.

Please stop cluttering the board with that stuff and let's all be civil. Okay?
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