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  • #340,781
  • Dec 7, 2010 6:09am Dec 7, 2010 6:09am
Quoting T@rantula
Aw yea.. I have a long opened at 3375 going for 3420. it seems I need to babysit this...

Prolly i will revise this trade and may close it prematurely.

Still I have a UJ opened and its currently in a small profit.
If it doesn't break 1.338x in this attempt it just time to have a break until tomorrow, all my trades since yesterday has been suddenly stuck in a range outside of my "usual" day areas. Just crumbs and stopped outs in the last 5 trades. I am in the same side as you in this move. Let see.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #340,782
  • Dec 7, 2010 6:10am Dec 7, 2010 6:10am
Quoting T@rantula
Yea mate we could have a momentum candle breach on a higher TF. I opened a trade on m30 ( intraday TF) 3470 could be the top for today if 3420 breaks.

Thanks and GL to you too
Still got your positions open ?
  • #340,783
  • Dec 7, 2010 6:12am Dec 7, 2010 6:12am
Quoting Orbital
Still got your positions open ?
yes.. a long EU opened at 3375. and shorted UJ at 82.65
  • #340,784
  • Dec 7, 2010 6:13am Dec 7, 2010 6:13am
Quoting Alihuzaifa
buy EU, tp 1.34033 sl 1.32800
clossing trade with 25 pips...
  • #340,785
  • Dec 7, 2010 6:13am Dec 7, 2010 6:13am
Quoting profx
Morning,

Thank you for the analysis.
How will you decide which dips to buy and at what point, if you do not mind be
asking ?

PA is looking bearish to me for rest of today.

( I posted this earlier but it got delayed due to the slow moderation procedure)
Hello profx
That m5 chart I posted 3 pages back gets you in the trade. Bounce off the 61.8 with bullish hidden divergence.
  • #340,786
  • Dec 7, 2010 6:13am Dec 7, 2010 6:13am
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/pdf.gif 2010-12-07_08h21_European Forex Technicals - EURUSD To Consolidate Gains.pdf (8.8 KB)

Intraday EUR/USD: support at 1.3246 has held to bring the focus back onto testing Monday's peak at 1.3452. A break above 1.3381 is required to open 1.3400 and the 1.618 Fibonacci extension target at 1.3418 and only above the latter would bring the 1.3452 peak back into the...


2010-12-06 _ 23h30 CET _ EUR-USD : OUTLOOK (kommende 24 Stunden)


EUR-USD : 1.33078


0.0176 Écart
1.2968 Elliott Reversal
1.3474 Elliott Projection (zigzag or correction zigzag 1.3378)

pivots + spezi

1.3581 1.3504
1.3502 1.3440
1.3423 1.3373
1.3405 1.3343

1.3326 1.3335 <= central pp

1.3228 1.3326
1.3247 1.3296
1.3149 1.3229
1.3052 1.3165

E-spezi K-spezi
1.3312 1.3336


Entry-limits
1.3307(1) + 1.3296(2) + 1.3288(3) + 1.3267(4)
Key-point levels
1.3343(1) + 1.3373(2) + 1.3381(3) + 1.3409(4)


Highest been given :
1.34231
Lowest been taken :
1.32465

Estimation for Tuesday 2010-12-07 :

Next step should be a continuation of near term upmove and it should see a test towards 1.3369/ 73 - 1.3381 or above 1.3388 to 1.3405/ 09 or even to above 1.3440 as long as supports around 1.3296 - 1.3267 may hold. After all that be aware that a further downmove resumption to below 1.3336/ 24 - 1.3314 zone is possible. Stops below 1.3228 zone ...


;-)

http://cdn.forexfactory.com/images/attach/png.gif 2010-12-07_10h55_ EURUSD _ 030min _ 800 x 600.PNG (22.7 KB)

Ex-Rollover
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-12-07_10h55_ EURUSD _ 030min _ 800 x 600.PNG Size: 23 KB
Click to Enlarge Name: 2010-12-07_13h11_ EURUSD _ 005min _ 800 x 600.PNG Size: 25 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #340,787
  • Dec 7, 2010 6:13am Dec 7, 2010 6:13am
I see all the PA as a bull trap and this will fall away, and will use the trend line shown to go short or go long above 3414...

good luck all
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 7.png Size: 56 KB
  • #340,788
  • Dec 7, 2010 6:13am Dec 7, 2010 6:13am
Quoting sisse
If it doesn't break 1.338x in this attempt it just time to have a break until tomorrow, all my trades since yesterday has been suddenly stuck in a range outside of my "usual" day areas. Just crumbs and stopped outs in the last 5 trades. I am in the same side as you in this move. Let see.

sisse
An unusual low volume in London session. If we were enough to push it up, we surely would )

Well i will babysit the trade...I dont like when PA stalls -a range within a range.
  • #340,789
  • Dec 7, 2010 6:16am Dec 7, 2010 6:16am
Quoting sisse
If it doesn't break 1.338x in this attempt it just time to have a break until tomorrow, all my trades since yesterday has been suddenly stuck in a range outside of my "usual" day areas. Just crumbs and stopped outs in the last 5 trades. I am in the same side as you in this move. Let see.

sisse
Ditto.
Look Sharp/Trade Tight
  • #340,790
  • Dec 7, 2010 6:17am Dec 7, 2010 6:17am
Quoting snatch
I see all the PA as a bull trap and this will fall away, and will use the trend line shown to go short or go long above 3414...

good luck all
Agree with you. If you use 21ema in your Daily chart, you will see how strong 1.3414 resisting the price is.
  • #340,791
  • Dec 7, 2010 6:22am Dec 7, 2010 6:22am
I still favor longs above 3337, but this PA is making it difficult to get interested. I've gone 0 for 2 and am considering hanging it up.
Look Sharp/Trade Tight
  • #340,792
  • Dec 7, 2010 6:23am Dec 7, 2010 6:23am
interesting , 2 hours ago every one was screaming long .

its fun watching sentiment change

i bet if we see 20 pips up every one will scream again long
I SEE YOU !!
  • #340,793
  • Dec 7, 2010 6:24am Dec 7, 2010 6:24am
pa behaving normal so far , may be no news effects can change things here , bull still there & waiting for next leg down, can be short enough , before up try around top .lets see
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 12 KB
Click to Enlarge Name: eu1.gif Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #340,794
  • Dec 7, 2010 6:24am Dec 7, 2010 6:24am
Quoting PayTheLimit
I still favor longs above 3337, but this PA is making it difficult to get interested. I've gone 0 for 2 and am considering hanging it up.
Look at m15. A clear trending up...Then switch to m5...a consolidation..

eur is gaining strenght according to Currency strenght meter. we need a momentum push else we drop
  • #340,795
  • Dec 7, 2010 6:24am Dec 7, 2010 6:24am
Obama finally did something good. yay!
Old Habits Die Hard.
  • #340,796
  • Dec 7, 2010 6:25am Dec 7, 2010 6:25am
Quoting PipChick
Hello profx
That m5 chart I posted 3 pages back gets you in the trade. Bounce off the 61.8 with bullish hidden divergence.
There's been a couple of bounces nr the 61.8 since your analysis but price hasn't gone beyond 1.3377 (some good scalps i guess). If it gets to 3341, would your target of 342* be less probable ? What sort of tf do you have in mind for this target ?
  • #340,797
  • Dec 7, 2010 6:25am Dec 7, 2010 6:25am
Orbital our you long?
  • #340,798
  • Dec 7, 2010 6:26am Dec 7, 2010 6:26am
Quoting kolz
I was about to set 3330 long.
But lets re-think about it then.
3300 is pretty far from where price is atm, maybe you'd want to reevaluate your position because if price does get there, it'll be below dp & i/d bias will flip to bearish. not sure i'd want a long po there tbh.

just a thought. good luck
Thank You
  • #340,799
  • Dec 7, 2010 6:26am Dec 7, 2010 6:26am
Quoting dbfusion
interesting , 2 hours ago every one was screaming long .

its fun watching sentiment change

i bet if we see 20 pips up every one will scream again long
I've been screaming long since yesterday at NY close.lol
  • #340,800
  • Dec 7, 2010 6:26am Dec 7, 2010 6:26am
Quoting Orbital
Unless there is actual evidence for a sovereign debt crisis spreading towards Portugal and Spain i expect it to break the swing high on the weekly chart.

Im just watching this for now and speculating, which is why i set a 30pip stop loss which wouldnt hurt me that badly
That's how you should answer in the first place mate.

Personally I trade differently but what ever works for you. I just didn't understand the logic of the trade. 1.3412 is the area of resistance I'm watching. I wouldn't be a buyer unless I get a good pull back. All that jawboning means nothing without technical support and real buying - maybe it's there I haven't been following to closely is why I was asking. Hopefully your right though and will set up a short for me. Either way no entry points here - not long term, maybe scalping. You said 3 lots which implies great confidence. When I glanced at the chart I saw more probability for shorting. I didn't look at the news just the charts. right now as you can see it's having trouble.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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Glpp