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EURUSD

  • #332,941
  • Nov 25, 2010 2:19pm Nov 25, 2010 2:19pm
no u.s news on the 11/26/10 so lets see
  • #332,942
  • Nov 25, 2010 2:22pm Nov 25, 2010 2:22pm
will tomorrows news have any bearing on EURO:

7:00am EUR German Import Prices m/m
All Day EUR German Prelim CPI m/m
7:45am EUR French Consumer Spending m/m
9:00am EUR M3 Money Supply y/y
9:00am EUR Private Loans y/y
10:30am CHF KOF Economic Barometer

or is the bearish trend still on? today it gained a little???
  • #332,943
  • Nov 25, 2010 2:30pm Nov 25, 2010 2:30pm
Lookin' like a bull flag on H1...
  • #332,944
  • Nov 25, 2010 2:44pm Nov 25, 2010 2:44pm
Quoting gh0stjpy
will tomorrows news have any bearing on EURO:

7:00am EUR German Import Prices m/m
All Day EUR German Prelim CPI m/m
7:45am EUR French Consumer Spending m/m
9:00am EUR M3 Money Supply y/y
9:00am EUR Private Loans y/y
10:30am CHF KOF Economic Barometer

or is the bearish trend still on? today it gained a little???
Have a look at Daily chart... This daily close could give us Tweezers if we close a couple of pips higher today...

www.babypips.com if you don't know what tweezers are...
@pawpaw1000 on Twitter
  • #332,945
  • Nov 25, 2010 2:45pm Nov 25, 2010 2:45pm
Quoting pawpaw1000
Could be in for a nice move if we break 1.3421...

http://www.babypips.com/school/doubles.html
looks good
  • #332,946
  • Nov 25, 2010 3:01pm Nov 25, 2010 3:01pm
Quoting pawpaw1000
Have a look at Daily chart... This daily close could give us Tweezers if we close a couple of pips higher today...

www.babypips.com if you don't know what tweezers are...

Jawohl ... thank you for the hint ... btw we had daily close already ...

Nearly all Banks that I know do have a 'daily close' at 23:00 CET (22:00 UTC) ... this should be around the point of time when Chicago is closing (17:00 EST ?) ...

We had a close and re-open aprox. one hour ago at 1.3361 ...

Let's compare what you have then ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #332,947
  • Nov 25, 2010 3:05pm Nov 25, 2010 3:05pm
Quoting vion
looks good
Thanks pawpaw and yeh (VION) check out this morning 15min chart on EUR/USD, thats a double top right, hence the price went up after this. what is the candle telling me (red arrow pointing to it)????
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  • #332,948
  • Nov 25, 2010 3:08pm Nov 25, 2010 3:08pm
What's the official daily close time (if there is one) in FX, my feed (Alpari UK) has only just changed, this also has implications for pivot point plots...
  • #332,949
  • Nov 25, 2010 3:09pm Nov 25, 2010 3:09pm
Quoting mercy seat
Jawohl ... thank you for the hint ... btw we had daily close already ...

Nearly all Banks that I know do have a 'daily close' at 23:00 CET (22:00 UTC) ... this should be around the point of time when Chicago is closing (17:00 EST ?) ...

We had a close and re-open aprox. one hour ago at 1.3361 ...

Let's compare what you have then ...
In that case, No tweezers... We did just have a H1 close below Pivot point and so added to my short with a tight stop...

Am now more at ease and think we should reach my TP at 1.3300...

Also got 3350 as significant support / resistance
@pawpaw1000 on Twitter
  • #332,950
  • Nov 25, 2010 3:16pm Nov 25, 2010 3:16pm
I have a new PP at 13345. And we are still abve it,
  • #332,951
  • Nov 25, 2010 3:16pm Nov 25, 2010 3:16pm
Quoting gh0stjpy
Thanks pawpaw and yeh (VION) check out this morning 15min chart on EUR/USD, thats a double top right, hence the price went up after this. what is the candle telling me (red arrow pointing to it)????
No, thats the top of the range being tested... Double top is after a uptrend and bottom after a downtrend...

What you had this morning was test of range top and break... We just dropped back into range, hence the add to my short to bottom of range
@pawpaw1000 on Twitter
  • #332,952
  • Nov 25, 2010 3:19pm Nov 25, 2010 3:19pm
Quoting FibbinArchie
What's the official daily close time (if there is one) in FX, my feed (Alpari UK) has only just changed, this also has implications for pivot point plots...

Daily roll and the subsequent H4 base line is a hotly debated subject here. I use London midnight, for several reasons. The big houses in London use it and as it handles most of the worlds volume and has most of the worlds traders and HFT's I want my daily to line up with them. The added benefit is that your H4 coincides perfectly with the London open, just when you need it the most. I do note NY handover on my chart (1700 EST) as that's when most books in the States get closed for handover to either Singapore or Tokyo.

My entire strategy is based on London and I want everything to line up with that. Others, I am sure, will have different daily rolls, most use whatever their retail broker gives them and don't have a choice in the matter.

Some of our American cousins may not agree, but the FX world revolves around London. Every floor I have ever worked on uses London.
  • #332,953
  • Nov 25, 2010 3:21pm Nov 25, 2010 3:21pm
Quoting pawpaw1000
In that case, No tweezers... We did just have a H1 close below Pivot point and so added to my short with a tight stop...

Am now more at ease and think we should reach my TP at 1.3300...

Also got 3350 as significant support / resistance
Okay ... thank you...

This is the way my Daily Candles look like ...

I do use three major Bank Finance Services ... one is UK ... one is France ... and one is Suisse based ...

They all do have same time of close and re-open ... and in former days I was with Singapore based Service ... they did have same time code as well ...

Thank you for the hint with babypips.com

I found this explanation there ...

http://www.babypips.com/forexpedia/Tweezer_Bottom

Is this what you meant ?


;-)



http://cdn.forexfactory.com/images/attach/png.gif 2010-11-26_00h11_ EURUSD _ daily _ (all ind).PNG (13.5 KB)
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #332,954
  • Nov 25, 2010 3:21pm Nov 25, 2010 3:21pm
don't forget we still need to move above 3421 to validate this dbl bottom pattern...
  • #332,955
  • Nov 25, 2010 3:24pm Nov 25, 2010 3:24pm
[quote=pawpaw1000;4200053]No, thats the top of the range being tested... Double top is after a uptrend and bottom after a downtrend...

What you had this morning was test of range top and break... We just dropped back into range, hence the add to my short to bottom of range [/quote

Thanks, daym candle sticks confuse me! ok last one pls, this one is telliing me wat? is it a shooting star saying a bearish signal?? apart from babypips where else can i learn more about candle sticks??
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  • #332,956
  • Nov 25, 2010 3:26pm Nov 25, 2010 3:26pm
Quoting cloggie
Daily roll and the subsequent H4 base line is a hotly debated subject here. I use London midnight, for several reasons. The big houses in London use it and as it handles most of the worlds volume and has most of the worlds traders and HFT's I want my daily to line up with them. The added benefit is that your H4 coincides perfectly with the London open, just when you need it the most. I do note NY handover on my chart (1700 EST) as that's when most books in the States get closed for handover to either Singapore or Tokyo.

My entire strategy is based...
Excellent response, thanks Cloggs...

PS. I will be moving to a paid feed in due course, will also be looking at moving from Spot to Futures...
  • #332,957
  • Nov 25, 2010 3:39pm Nov 25, 2010 3:39pm
Quoting FibbinArchie
Excellent response, thanks Cloggs...

PS. I will be moving to a paid feed in due course, will also be looking at moving from Spot to Futures...
A Paid feed - OMG, why!!!
  • #332,958
  • Nov 25, 2010 3:42pm Nov 25, 2010 3:42pm
please see monthly an weekly charts, and think again.

good trades to all

Pepe
  • #332,959
  • Nov 25, 2010 3:43pm Nov 25, 2010 3:43pm
Quoting FibbinArchie
Excellent response, thanks Cloggs...

PS. I will be moving to a paid feed in due course, will also be looking at moving from Spot to Futures...
Okay thanks for clearing that ... possibly a technical or historical reason ... maybe handover from USA to Asian or Pacific based branches then ... around 17 EST or 22 GMT / UTC ... which is 23 Paris time ...

Btw ... I do like this overview for pivots and calculation purposes as follows :

http://www.actionforex.com/markets/p...tmpl=component

What you mean with paid feed ? Better platform ?
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #332,960
  • Nov 25, 2010 3:45pm Nov 25, 2010 3:45pm
[quote=gh0stjpy;4200061]
Quoting pawpaw1000
No, thats the top of the range being tested... Double top is after a uptrend and bottom after a downtrend...

What you had this morning was test of range top and break... We just dropped back into range, hence the add to my short to bottom of range [/quote

Thanks, daym candle sticks confuse me! ok last one pls, this one is telliing me wat? is it a shooting star saying a bearish signal?? apart from babypips where else can i learn more about candle sticks??
Nothing, we are ranging... Only valid in trend and better on Higher TF's like 4h and daily... The rest is just too short... MY OPINION...

Good Luck anyways
@pawpaw1000 on Twitter
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