Attachments: EURUSD

EURUSD

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#337,961
Dec 2, 2010 11:55am Dec 2, 2010 11:55am

ForexTreeGuy
| Joined Jan 2010 | Status: Trader | 191 Posts

There has been some great post in here I am very impressed so .........Thank you!

#337,962
Dec 2, 2010 11:58am Dec 2, 2010 11:58am

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,127 Posts

will we bounce higher?

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those who can, do. those who cant, talk about those who can

#337,963
Dec 2, 2010 11:59am Dec 2, 2010 11:59am

mikej2010
| Membership Revoked | Joined Oct 2010 | 1,186 Posts

okay, I am upto the point of 'asking', what is the earliest indication of going back down?

#337,964
Dec 2, 2010 11:59am Dec 2, 2010 11:59am

mikej2010
| Membership Revoked | Joined Oct 2010 | 1,186 Posts

holy crap, I just made $50 off of gold/usd with a $.50 pip!

#337,965
Dec 2, 2010 11:59am Dec 2, 2010 11:59am

cloggie
Joined Oct 2009 | Status: Trader | 15,211 Posts

Quoting cloggie

Disliked

Look left on your M15, what do you see at 32162? Combine that with the M5 at 1630GMT followed by the rejection at 1650 and that should give you the answer.

Ignored

Oh and you are getting one guess where we are going.

#337,966
Dec 2, 2010 12:00pm Dec 2, 2010 12:00pm

pipper
Joined Jul 2009 | Status: Trader | 4,859 Posts

Short - TP 1.3180

Disclaimer: Check your 1m charts

#337,967
Dec 2, 2010 12:02pm Dec 2, 2010 12:02pm

T@rantula
| Commercial User | Joined Feb 2010 | 14,361 Posts

Quoting gatorinla

Disliked

i gave it.. its not there?

Ignored

....my stomach aches.......lfmao

#337,968
Dec 2, 2010 12:03pm Dec 2, 2010 12:03pm

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

If you plan to go long place the SL 1pip + spread beneath 3154

We have just been in territory of wave 1, thus we are tracing out an ending diagonal.

Movement above 3154 would indicate, that most likely the whole direction is now down

#337,969
Dec 2, 2010 12:05pm Dec 2, 2010 12:05pm

T@rantula
| Commercial User | Joined Feb 2010 | 14,361 Posts

Quoting mikej2010

Disliked

okay, I am upto the point of 'asking', what is the earliest indication of going back down?

Ignored

it depends on TF...

Where would u like it to go?

#337,970
Dec 2, 2010 12:05pm Dec 2, 2010 12:05pm

samdol
| Joined Aug 2010 | Status: Trader | 54 Posts

Quoting cloggie

Disliked

Oh and you are getting one guess where we are going.

Ignored

we are going down ?

#337,971
Dec 2, 2010 12:07pm Dec 2, 2010 12:07pm

Leche Mocha
| Joined Aug 2009 | Status: "Protect yo neck"- WuTang Financial | 854 Posts

I'll take "Down Dubbie Down Down Down" for $500, Alex.

Quoting cloggie

Disliked

Oh and you are getting one guess where we are going.

Ignored

#337,972
Dec 2, 2010 12:07pm Dec 2, 2010 12:07pm

vlady1974
Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts

Quoting cloggie

Disliked

Look left on your M15, what do you see at 32162? Combine that with the M5 at 1630GMT followed by the rejection at 1650 and that should give you the answer.

Ignored

Ok. I see the reasons. My muppet reading skills are really poor when price is all naked. I'm seeing these but it's not translating. Those MM lines may be a crutch afterall.... for now.

So now price is retestng 3198, if not 3180.... so may be a better LONG price afterall. But I will have to re-read your Fake-Bake posts tonight to understand what/how to do this.

------

Whilst writing this I saw the price approach 200. If breaks 3200 / 3198 going for 3180. If that is broken, we're back to the trigger 3150. If 3180 holds, we're in range which will frustrate me but no longs until 3198 confirmed bounce possibly from a retest of 3226.
Have I worked this correctly?

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A pip is only worth it if you know how much you risked to earn it

#337,973
Dec 2, 2010 12:09pm Dec 2, 2010 12:09pm

cloggie
Joined Oct 2009 | Status: Trader | 15,211 Posts

Quoting vlady1974

Disliked

Ok. I see the reasons. My muppet reading skills are really poor when price is all naked. I'm seeing these but it's not translating. Those MM lines may be a crutch afterall.... for now.

So now price is retestng 3198, if not 3180.... so may be a better LONG price afterall. But I will have to re-read your Fake-Bake posts tonight to understand what/how to do this.

Ignored

You got it, repeating pattern play, not much to do with fake 'n shakes, we never did form a range, we had a clear rejection of 3242 and using the same PA as on the earlier top you can fairly easily deduct the play happening here, your targets are spot on. 98 for 80, a fairly easy 60 pip play to run. Am expecting the 60-30 once we see 80

#337,974
Dec 2, 2010 12:12pm Dec 2, 2010 12:12pm

Vladimir1987
Joined Mar 2009 | Status: Trader | 1,739 Posts

I wouldnt go long here just by this levels only if an nice printed candle is shown and then this could get taped by the 220 level.

This is my 5min

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#337,975
Dec 2, 2010 12:14pm Dec 2, 2010 12:14pm

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Quoting mikej2010

Disliked

okay, What I am saying is this....

Ignored

From what I saw at the PRESS, Trichet said one big thing, that from all Western Developed Economies, EU has the best track record.. the BEST marks.. There is where the confidence is..

since 2004 EUR is in a range from 1.2000 to 1.4500, so even if EUR drops under 1.2 that's not a big deal.. still in range..
maybe Im wrong, but there are lots of investment invested there, and EU project is not that easy to fall apart... Im afraid there is not other option, as any Desintegration in history usually is violent.. so definitely they are playing ALL IN.. [and they have few good buddies to play poker.. China, Russia, US]

Cheers..

P.S. sorry for any spellings. or grammars..