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  • #340,281
  • Dec 6, 2010 10:41am Dec 6, 2010 10:41am
Quoting dbfusion
went short now @ 3315 any stupid up push i will close it .
Not that I am trying to talk you out of your trade, nor am I saying that you will not profit, but...

For what reason did you pick this area to go short?

You gotta chart on this, or just a random coin toss?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #340,282
  • Dec 6, 2010 10:41am Dec 6, 2010 10:41am
Quoting karimfx
let me give u a clue...

EW1: 4281-3447 = 834 PIPS
EW2: 3447-3785 = 338 PIPS
EW3: 3785-2968 = 817 PIPS
EW4: 2968-3437 = 469 PIPS

3447 from EW2's low is bigger than 3437 from EW4' high, so this count is correct
this means we are in EW5 wanting to go lower than 2968 ( EW3's low )

secondly, see the chart... eu hits ichimoku cloud and reverse at 3437
this confirms again the downtrend restarts @3437 and also EW5

also, yesterday close was @3351 and the low was @3333
this means eu won't go higher than those levels ( we established...

i've made a litlle change: i moved my SL @3380

in rest, i follow my plan
LOL
  • #340,283
  • Dec 6, 2010 10:42am Dec 6, 2010 10:42am
Quoting goods
Stop hunt maybe we will see needs confirmation.
I call it a channel breakout or a triangle depending on how you look at it (as posted by fx111).
  • #340,284
  • Dec 6, 2010 10:45am Dec 6, 2010 10:45am
Quoting karimfx
breaking what TL?
on M15 tf i'm seeing it to fight to broke up ( it's near the UTL formed by the 2 highs: first @ 3437 and second @ 3371 )

now need to broke up this UTL @ 3317

so... it seems it gets rejection

and i think its the last up rejection it gets... i think now starts the journey to 2968 ( also i think after it will break 3240-3250 area we'll see the KABOOOM )
breaking 3290 hehe
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #340,285
  • Dec 6, 2010 10:47am Dec 6, 2010 10:47am
Quoting longshot_nl
50% might be better entry then my last chart.
your target look seriously ambitious to me.
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #340,286
  • Dec 6, 2010 10:49am Dec 6, 2010 10:49am
Quoting dbfusion
went short now @ 3315 any stupid up push i will close it .
This might be why, 62% retracement supply zone
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 35 KB
Know when to hold em, Know when to fold em!
  • #340,287
  • Dec 6, 2010 10:51am Dec 6, 2010 10:51am
Quoting Fibo_trader
Long from 1.3260, SL 1.3240, TP 1.3325, TP2 1.3560. 3h and daily fibonacci.
Quoting TheCyberCore
Seems like we all like to play with open fire, right?
Yes, and I got my profit. I hope you too.
Quoting SkullCandy
i think he just forgot the #1 rule, "Never trust anything you sees or hear in forex " http://cdn.forexfactory.com/images/smilies/peace.gif
True.
  • #340,288
  • Dec 6, 2010 10:52am Dec 6, 2010 10:52am
Quoting goods
This might be why, 62% retracement supply zone
Nice, Cloggie lessons
  • #340,289
  • Dec 6, 2010 10:52am Dec 6, 2010 10:52am
Quoting Magix
Not that I am trying to talk you out of your trade, nor am I saying that you will not profit, but...

For what reason did you pick this area to go short?

You gotta chart on this, or just a random coin toss?
in this chart you might be able to see 4 reasons on why i took it .

I am not saying that I will win it because I don't know yet .

I am just showing you my reasons .

I hope this will answer your question.
Attached Image (click to enlarge)
Click to Enlarge Name: notcointoss.gif Size: 21 KB
I SEE YOU !!
  • #340,290
  • Dec 6, 2010 10:54am Dec 6, 2010 10:54am
Closed out the lots here....

A couple of longs underwater closed on the Dragon, green on the others.

Nice little $6.4k(ish) for the London through NY sessions on longs...

Will check back for New positions @ Daily Roll..

Good luck on the rest of your day guys!

Attached Image (click to enlarge)
Click to Enlarge Name: later.jpg Size: 246 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #340,291
  • Dec 6, 2010 10:57am Dec 6, 2010 10:57am
Any New trade now will b not wise in my view
Catch u @ Asia session
  • #340,292
  • Dec 6, 2010 10:59am Dec 6, 2010 10:59am
Quoting dbfusion
in this chart you might be able to see 4 reasons on why i took it .

I am not saying that I will win it because I don't know yet .

I am just showing you my reasons .

I hope this will answer your question.
Awesome.

Right or wrong, we all now know what your looking at.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #340,293
  • Dec 6, 2010 11:00am Dec 6, 2010 11:00am
Quoting egkid
Nice, Cloggie lessons

Thanks man Price is down so I dont have much convincing of price going up.
Know when to hold em, Know when to fold em!
  • #340,294
  • Dec 6, 2010 11:02am Dec 6, 2010 11:02am
as this analysis is we are looking for e/u to move up till 1.3479...
Attached Image (click to enlarge)
Click to Enlarge Name: dec 6 valid eu uptrend iii.gif Size: 46 KB
happey trades to us..............
bakare
  • #340,295
  • Dec 6, 2010 11:03am Dec 6, 2010 11:03am
Quoting Magix
Awesome.

Right or wrong, we all now know what your looking at.
thank you

i guess it might be wrong .

typically this thing shouldn't stay all this time up there . should be an up push and a bear comes smack the bulls in the face.

now i am a little skeptical about it . they might bore me out of the trade.
I SEE YOU !!
  • #340,296
  • Dec 6, 2010 11:07am Dec 6, 2010 11:07am
Quoting adexadams
as this analysis is we are looking for e/u to move up till 1.3479... Attachment happey trades to us..............
dont see your " correct count" on your chart

secondly, trade with you?!?
because thats the analysis you are trading?

stick to your plan, i'll do what i see on charts
LOL
  • #340,297
  • Dec 6, 2010 11:10am Dec 6, 2010 11:10am
easier to see
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 37 KB
Know when to hold em, Know when to fold em!
  • #340,298
  • Dec 6, 2010 11:11am Dec 6, 2010 11:11am
Quoting goods
easier to see
exactly the reason for my plan
LOL
  • #340,299
  • Dec 6, 2010 11:12am Dec 6, 2010 11:12am
Quoting Magix
Not that I am trying to talk you out of your trade, nor am I saying that you will not profit, but...

For what reason did you pick this area to go short?

You gotta chart on this, or just a random coin toss?
Was about to ask him the exact same question!

And the end "any stupid up push and I'll close" spells disaster! If you want to short would it not be a better entry to enter at the test of 3330 and put s/l above 50 level or maybe test of 50 level with s/l above previous H1 swing high?

Comeon, PLAN is the 1st thing you need... You're gambling!
@pawpaw1000 on Twitter
  • #340,300
  • Dec 6, 2010 11:13am Dec 6, 2010 11:13am
The dollar held its ground against other majors on Monday, after Federal Reserve Chairman Ben Bernanke offered a vigorous defense of the central bank's latest round of bond purchases.

Bernanke opened the door to increasing the size of scope of asset purchases, telling 60 Minutes that the Fed stands ready with further support if the economy does not respond to the $600 billion pledged last month.

Stung by criticism from home and abroad, Bernanke assured that inflation could be contained if the Fed sees the potential for prices to rise rapidly.

Meanwhile, as European finance ministers met to deal with the region's growing sovereign debt woes, the dollar gained a penny to $1.3275 against the euro.

European officials have dismissed speculation that competitive imbalances between euro area states will eventually lead to the dissolution of the monetary union.

The dollar also steadied against the sterling, improving to $1.5680.

There was little movement for the dollar against the yen, with the buck unable to rebound from Friday's big losses. The dollar fetched Y82.70, hovering near a recent 15-year low of 80.22.

While there was no first-tier economic news from the US to consider, traders were kept on their toes by developments in Europe.

An indicator of investor sentiment in the eurozone dropped sharply in December due to falling optimism over current conditions, a survey showed on Monday.

The Sentix investor sentiment index, an indicator of confidence among over 900 investors, dropped to 9.7 from 14.0 last month.

Outside the 16-nation euro area, Moody's Investors Service downgraded Hungary's sovereign credit rating by two notches to near junk. Warning of downside risks, Moody's said it has a negative outlook on Hungary.

Ireland's parliament will vote on their austerity budget for 2011 on Tuesday.

Also tomorrow, the Bank of Canada will announce its latest decision on interest rates. Policy makers in Canada are expected keep interest rates on hold amid concern that the nation's initially robust recovery is fizzling out.

The dollar remained just above parity versus its Canadian counterpart on Monday, having come under pressure over the past few weeks.




Hungary ??? new candidate for colaps in EU ?
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